Progressive Financial Ratios
NYSE: PGRFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Progressive ratio analysis
Progressive earned a net margin of 12.9% in FY 2025, up from 11.3% a year earlier. Return on equity reached 37.3%, meaning Progressive generated 0.37 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 0.00 versus 0.00 the year before.
At the end of FY 2025, PGR traded at 11.0 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 10.2 to 109.9, with a median of 17.5. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Progressive financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 11.03 | 16.82 | 24.21 | 109.92 | 18.14 | 10.24 | 11.06 | 13.48 | 20.71 | 20.17 |
| Price / sales | 1.42 | 1.88 | 1.50 | 1.53 | 1.26 | 1.36 | 1.11 | 1.08 | 1.22 | 0.88 |
| Price / book | 4.10 | 5.54 | 4.59 | 4.77 | 3.29 | 3.39 | 3.17 | 3.21 | 3.52 | 2.60 |
| Net margin | 12.9% | 11.3% | 6.3% | 1.5% | 7.0% | 13.4% | 10.2% | 8.2% | 5.9% | 4.4% |
| Free cash flow margin | 19.6% | 19.7% | 16.7% | 13.2% | 15.8% | 15.7% | 15.1% | 18.8% | 13.4% | 10.7% |
| Return on equity (ROE) | 37.3% | 33.1% | 19.2% | 4.5% | 18.4% | 33.5% | 29.0% | 24.2% | 17.1% | 13.0% |
| Return on assets (ROA) | 9.2% | 8.0% | 4.4% | 1.0% | 4.7% | 8.9% | 7.2% | 5.6% | 4.1% | 3.1% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | — | — | — | — |
| Revenue growth | 16.3% | 21.4% | 25.2% | 4.0% | 11.8% | 9.3% | 22.0% | 19.2% | 14.5% | 12.4% |
| EPS growth | 33.5% | 118.8% | 457.6% | -79.2% | -41.4% | 43.8% | 52.0% | 62.5% | 54.5% | -18.1% |