StratGraph
Companies / Financials
PGR

Progressive Corporation

Property & Casualty Insurance

Property & Casualty InsuranceAnalysis in progress
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Business at a glance

Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work

Operating health74
Growth85
Profitability60
Cash generationn/a
Balance sheetn/a
Dilution control77
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)3.0%Revenue growth (FY)16.3%Revenue CAGR (3y)20.9%Gross margin—Operating margin—Net margin12.9%Free cash flow margin19.6%R&D / revenue—Stock comp / revenue0.2%Net debt / operating cash flow—Current ratio—Diluted share count change0.1%
Fiscal year endingFY 2021-12FY 2022-12FY 2023-12FY 2024-12FY 2025-12
Revenue$47.7B$49.6B$62.1B$75.4B$87.7B
Net income$3.4B$722M$3.9B$8.5B$11.3B
Operating cash flow$7.8B$6.8B$10.6B$15.1B$17.5B
Capital expenditure$244M$292M$252M$285M$348M
Free cash flow$7.5B$6.6B$10.4B$14.8B$17.2B
Stock-based comp——$121M$122M$132M
Dividends$3.7B$234M$234M$674M$2.9B
Cash$202M$221M$100M$154M$138M
Equity$18.2B$15.9B$20.3B$25.6B$30.3B

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