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PGR · NYSE · United States · Fire, Marine & Casualty Insurance
In shortPROGRESSIVE CORP/OH/ is profitable.
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it. Bank or insurer: tests that do not apply to them are left out.
| Operating marginShare of each sale left after running the business, before interest and tax. | – | n/a |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 12.9% | 72/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 40.4% | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 19.6% | n/a |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.52× | n/a |
| Years with positive free cash flow (last 5) | 5 of 5 | n/a |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 8.3% | 80/100 |
| Operating margin volatility | – | n/a |
Weight in the score: 20%
| Revenue growth, 3-year average | 20.9% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | 153.5% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 47,702 | 49,611 | 62,109 | 75,372 | 87,671 |
| Interest expense | 219 | 244 | 268 | 279 | 278 |
| Pre-tax income | 4,210 | 922 | 4,904 | 10,713 | 14,223 |
| Income tax | 859 | 200 | 1,001 | 2,233 | 2,915 |
| Net income | 3,351 | 722 | 3,903 | 8,480 | 11,308 |
| Diluted EPS | $5.66 | $1.18 | $6.58 | $14.40 | $19.23 |
| Diluted shares (millions) | 587 | 587 | 588 | 588 | 588 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of PROGRESSIVE CORP/OH/ are included in the Investor plan. Try free for 7 days →
Not computed: the model does not apply to banks and insurers.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 3, 2026