PGR

The Progressive Corporation

Financial Services · USD

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231.28 USD +1.10 +0.48%
As of Oct 30, 2026 Extended hours 228.00 -1.42%
Bid
231.19 × 200
Ask
231.32 × 200
231.06 Day range 235.36
190.40 52-week range 236.36
YTD
+1.56%
1 year
+11.75%
Open
234.57
Prev close
230.18
Mkt cap
134.03B
Vol
1.94M
Avg vol
2.54M
EPS
19.85
P/E
11.65
Div yield
0.17%
More statistics
Low
231.06
High
235.36
Forward P/E
14.19
Beta
0.23
Short ratio
2.15
Inst. own
90.07%
Dividend
0.40
Ex-div date
Sep 30, 2026
Earnings
Jan 27, 2027
50-d avg
217.47
200-d avg
209.14
1y target
230.38

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PGR five-day price chart223.8226.7229.6232.5235.3Oct 26Oct 27Oct 28Oct 29Oct 30

Financial health

Altman Z-Score

1.36 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B+3 / 5 overall

  • DCF 2
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 3
  • P/E 3
  • P/B 1

Valuation

P/E 11.8×
FY 2016: 20.1×FY 2017: 20.6×FY 2018: 13.4×FY 2019: 10.7×FY 2020: 10.2×FY 2021: 18.0×FY 2022: 109×FY 2023: 24.1×FY 2024: 16.6×FY 2025: 11.8×
FY 2016 5y median 18.0× FY 2025
P/S 1.5×
FY 2016: 0.9×FY 2017: 1.2×FY 2018: 1.1×FY 2019: 1.1×FY 2020: 1.4×FY 2021: 1.3×FY 2022: 1.5×FY 2023: 1.5×FY 2024: 1.9×FY 2025: 1.5×
FY 2016 5y median 1.5× FY 2025
P/B 4.4×
FY 2016: 2.6×FY 2017: 3.5×FY 2018: 3.2×FY 2019: 3.1×FY 2020: 3.4×FY 2021: 3.3×FY 2022: 4.8×FY 2023: 4.6×FY 2024: 5.5×FY 2025: 4.4×
FY 2016 5y median 4.6× FY 2025
P/FCF 7.8×
FY 2016: 8.3×FY 2017: 9.1×FY 2018: 5.8×FY 2019: 7.2×FY 2020: 8.7×FY 2021: 8.0×FY 2022: 11.6×FY 2023: 9.0×FY 2024: 9.5×FY 2025: 7.8×
FY 2016 5y median 9.0× FY 2025
EV/EBITDA 9.5×
FY 2016: 13.0×FY 2017: 14.1×FY 2018: 11.0×FY 2019: 8.3×FY 2020: 8.2×FY 2021: 13.6×FY 2022: 55.7×FY 2023: 18.3×FY 2024: 13.0×FY 2025: 9.5×
FY 2016 5y median 13.6× FY 2025
EV/Sales 1.6×
FY 2016: 1.0×FY 2017: 1.3×FY 2018: 1.2×FY 2019: 1.2×FY 2020: 1.5×FY 2021: 1.4×FY 2022: 1.7×FY 2023: 1.6×FY 2024: 2.0×FY 2025: 1.6×
FY 2016 5y median 1.6× FY 2025
FCF Yield 12.9%
FY 2016: 12.0%FY 2017: 11.0%FY 2018: 17.1%FY 2019: 14.0%FY 2020: 11.6%FY 2021: 12.5%FY 2022: 8.6%FY 2023: 11.2%FY 2024: 10.6%FY 2025: 12.9%
FY 2016 5y median 11.2% FY 2025

Profitability

Gross Margin 29.5%
FY 2016: 20.0%FY 2017: 21.9%FY 2018: 24.0%FY 2019: 26.9%FY 2020: 33.4%FY 2021: 21.7%FY 2022: 15.2%FY 2023: 18.9%FY 2024: 27.7%FY 2025: 29.5%
FY 2016 5y median 21.7% FY 2025
Operating Margin 16.2%
FY 2016: 6.3%FY 2017: 8.0%FY 2018: 9.9%FY 2019: 13.2%FY 2020: 16.8%FY 2021: 8.8%FY 2022: 1.9%FY 2023: 7.9%FY 2024: 14.2%FY 2025: 16.2%
FY 2016 5y median 8.8% FY 2025
Net Margin 12.9%
FY 2016: 4.4%FY 2017: 5.9%FY 2018: 8.2%FY 2019: 10.2%FY 2020: 13.4%FY 2021: 7.0%FY 2022: 1.5%FY 2023: 6.3%FY 2024: 11.3%FY 2025: 12.9%
FY 2016 5y median 7.0% FY 2025
ROE 37.3%
FY 2016: 13.0%FY 2017: 17.1%FY 2018: 24.2%FY 2019: 29.0%FY 2020: 33.5%FY 2021: 18.4%FY 2022: 4.5%FY 2023: 19.2%FY 2024: 33.1%FY 2025: 37.3%
FY 2016 5y median 19.2% FY 2025
ROIC 20.7%
FY 2016: 3.4%FY 2017: 4.5%FY 2018: 6.3%FY 2019: 7.9%FY 2020: 9.6%FY 2021: 5.2%FY 2022: 1.0%FY 2023: 11.4%FY 2024: 19.8%FY 2025: 20.7%
FY 2016 5y median 11.4% FY 2025
ROA 9.2%
FY 2016: 3.1%FY 2017: 4.1%FY 2018: 5.6%FY 2019: 7.2%FY 2020: 8.9%FY 2021: 4.7%FY 2022: 1.0%FY 2023: 4.4%FY 2024: 8.0%FY 2025: 9.2%
FY 2016 5y median 4.7% FY 2025

Growth (YoY)

Revenue 16.3%
FY 2016: 12.4%FY 2017: 14.5%FY 2018: 19.2%FY 2019: 22.0%FY 2020: 9.3%FY 2021: 11.8%FY 2022: 4.0%FY 2023: 25.2%FY 2024: 21.4%FY 2025: 16.3%
FY 2016 FY 2025
Operating Income 32.8%
FY 2016: -23.1%FY 2017: 45.4%FY 2018: 47.9%FY 2019: 63.1%FY 2020: 39.0%FY 2021: -41.3%FY 2022: -78.1%FY 2023: 431.9%FY 2024: 118.5%FY 2025: 32.8%
FY 2016 FY 2025
EPS (diluted) 33.5%
FY 2016: -18.1%FY 2017: 54.5%FY 2018: 64.0%FY 2019: 50.7%FY 2020: 43.8%FY 2021: -41.4%FY 2022: -79.2%FY 2023: 457.6%FY 2024: 118.8%FY 2025: 33.5%
FY 2016 FY 2025
Free Cash Flow 15.9%
FY 2016: 15.0%FY 2017: 44.8%FY 2018: 67.1%FY 2019: -2.0%FY 2020: 13.3%FY 2021: 12.5%FY 2022: -12.8%FY 2023: 58.5%FY 2024: 42.8%FY 2025: 15.9%
FY 2016 FY 2025

Financial Health

Current Ratio 0.6×
FY 2016: 9.9×FY 2017: 4.3×FY 2018: 6.6×FY 2019: 9.1×FY 2020: 11.0×FY 2021: 9.9×FY 2022: 12.0×FY 2023: 1.5×FY 2024: 0.4×FY 2025: 0.6×
FY 2016 5y median 1.5× FY 2025
Quick Ratio 0.6×
FY 2016: 9.9×FY 2017: 4.3×FY 2018: 6.6×FY 2019: 9.1×FY 2020: 11.0×FY 2021: 9.9×FY 2022: 12.0×FY 2023: 1.5×FY 2024: 0.4×FY 2025: 0.6×
FY 2016 5y median 1.5× FY 2025
Debt / Equity 0.2×
FY 2016: 0.4×FY 2017: 0.4×FY 2018: 0.4×FY 2019: 0.4×FY 2020: 0.3×FY 2021: 0.3×FY 2022: 0.4×FY 2023: 0.3×FY 2024: 0.3×FY 2025: 0.2×
FY 2016 5y median 0.3× FY 2025
Net Debt / EBITDA 0.5×
FY 2016: 1.6×FY 2017: 1.2×FY 2018: 1.2×FY 2019: 0.8×FY 2020: 0.7×FY 2021: 1.0×FY 2022: 4.2×FY 2023: 1.2×FY 2024: 0.6×FY 2025: 0.5×
FY 2016 5y median 1.0× FY 2025
Interest Coverage 51.2×
FY 2016: 10.4×FY 2017: 14.0×FY 2018: 19.0×FY 2019: 27.2×FY 2020: 33.1×FY 2021: 19.3×FY 2022: 3.8×FY 2023: 18.3×FY 2024: 38.4×FY 2025: 51.2×
FY 2016 5y median 19.3× FY 2025

Dividends

Dividend Yield 2.2%
FY 2016: 2.5%FY 2017: 1.2%FY 2018: 1.9%FY 2019: 4.0%FY 2020: 2.7%FY 2021: 6.3%FY 2022: 0.3%FY 2023: 0.3%FY 2024: 0.5%FY 2025: 2.2%
FY 2016 5y median 0.5% FY 2025
Payout Ratio 25.4%
FY 2016: 50.3%FY 2017: 24.8%FY 2018: 25.6%FY 2019: 42.1%FY 2020: 27.7%FY 2021: 112.6%FY 2022: 36.1%FY 2023: 7.1%FY 2024: 8.0%FY 2025: 25.4%
FY 2016 5y median 25.4% FY 2025

Annual · latest fiscal year ends 2025-12-31