Progressive Financial Statements From 2010 to 2024

PGR Stock  USD 206.15  1.50  0.73%   
Progressive Corp financial statements provide useful quarterly and yearly information to potential Progressive Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Progressive Corp financial statements helps investors assess Progressive Corp's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Progressive Corp's valuation are summarized below:
Gross Profit
1.7 B
Profit Margin
0.0629
Market Capitalization
120.7 B
Enterprise Value Revenue
2.0483
Revenue
62.1 B
There are over one hundred nineteen available trending fundamental ratios for Progressive Corp, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to check out Progressive Corp's recent fundamental performance against the performance between 2010 and 2024 to make sure the trends are evolving in the right direction.
Check Progressive Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Progressive main balance sheet or income statement drivers, such as Interest Expense of 281.8 M, Total Revenue of 65.2 B or Gross Profit of 65.2 B, as well as many exotic indicators such as Short Term Coverage Ratios of 7.81, Price Earnings Ratio of 14.18 or Price To Sales Ratio of 1.49. Progressive financial statements analysis is a perfect complement when working with Progressive Corp Valuation or Volatility modules.
  
This module can also supplement Progressive Corp's financial leverage analysis and stock options assessment as well as various Progressive Corp Technical models . Check out the analysis of Progressive Corp Correlation against competitors.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.

Progressive Corp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets88.5 B84.3 B45.2 B
Slightly volatile
Short and Long Term Debt Total7.4 B7.1 B3.9 B
Slightly volatile
Total Stockholder Equity21.3 B20.3 B11.1 B
Slightly volatile
Net Debt7.3 BB3.8 B
Slightly volatile
Retained Earnings19.7 B18.8 B8.8 B
Slightly volatile
Common Stock Shares Outstanding620.5 M587.5 M610.2 M
Slightly volatile
Liabilities And Stockholders Equity88.5 B84.3 B45.2 B
Slightly volatile
Non Current Liabilities Total36.2 B34.4 B13 B
Slightly volatile
Other Stockholder Equity2.1 BB1.4 B
Slightly volatile
Total Liabilities67.3 B64 B34 B
Slightly volatile
Property Plant And Equipment Net780.9 M1.1 B982.4 M
Slightly volatile
Non Current Assets Total63.5 B60.5 B31.8 B
Slightly volatile
Net Receivables17.9 B17.1 B8.2 B
Slightly volatile
Total Current Assets25 B23.9 B20.8 B
Slightly volatile
Cash92.9 M99.6 M146.7 M
Pretty Stable
Cash And Short Term Investments65.4 B62.3 B26.4 B
Slightly volatile
Short Term Investments10.2 B11.4 B19.2 B
Slightly volatile
Common Stock446.3 M585.3 M544.8 M
Pretty Stable
Total Current Liabilities15.1 B29.6 B19.3 B
Slightly volatile
Common Stock Total Equity445.3 M672.1 M550.5 M
Slightly volatile
Property Plant And Equipment Gross834.7 M1.3 BB
Slightly volatile
Other Liabilities254.6 M268 MB
Slightly volatile
Accounts Payable6.7 B6.4 B3.7 B
Slightly volatile
Long Term Debt7.2 B6.9 B3.9 B
Slightly volatile
Property Plant EquipmentB1.3 B1.1 B
Slightly volatile
Net Tangible Assets10.6 B17.3 B10.2 B
Slightly volatile
Long Term Debt Total3.8 B7.3 B3.8 B
Slightly volatile
Capital Surpluse1.5 B2.2 B1.4 B
Slightly volatile
Long Term Investments69.3 B66 B24.1 B
Slightly volatile
Non Current Liabilities Other50.6 B48.2 B25.6 B
Slightly volatile
Short and Long Term Debt427 M449.5 M1.8 B
Slightly volatile
Warrants302.8 M203 M360 M
Slightly volatile
Net Invested Capital16.5 B26.7 B14 B
Pretty Stable
Capital Stock1.2 B1.1 B1.1 B
Slightly volatile
Current Deferred Revenue54.9857.8714 B
Slightly volatile

Progressive Corp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense281.8 M268.4 M167.7 M
Slightly volatile
Total Revenue65.2 B62.1 B32 B
Slightly volatile
Gross Profit65.2 B62.1 B32 B
Slightly volatile
Operating Income53.4 B50.8 B9.2 B
Slightly volatile
EBITDA284.7 M299.7 M2.4 B
Pretty Stable
Net Income4.1 B3.9 B2.2 B
Slightly volatile
Depreciation And Amortization170.5 M299.7 M202 M
Slightly volatile
Income Before Tax5.1 B4.9 B2.9 B
Slightly volatile
Selling General Administrative216 M205.7 M115.2 M
Slightly volatile
Cost Of Revenue7.2 M7.6 M442.3 M
Slightly volatile
Net Income Applicable To Common Shares758.9 M798.8 M1.7 B
Slightly volatile
Net Income From Continuing Ops2.2 B2.7 BB
Slightly volatile
Tax Provision794.6 M684.6 M690.1 M
Pretty Stable
Interest Income201.5 M280 M175.1 M
Slightly volatile
Reconciled Depreciation332.7 M307 M273.5 M
Slightly volatile
Extraordinary Items79.6 M89.5 M97.5 M
Slightly volatile
Preferred Stock And Other Adjustments28.1 M30.9 M23.9 M
Slightly volatile

Progressive Corp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow10.9 B10.4 B4.6 B
Slightly volatile
Change In Working Capital6.9 B6.6 B2.5 B
Slightly volatile
Begin Period Cash Flow231.9 M220.9 M163.6 M
Slightly volatile
Depreciation170.5 M299.7 M202 M
Slightly volatile
Capital Expenditures153.5 M252 M184.5 M
Slightly volatile
Total Cash From Operating Activities11.2 B10.6 B4.8 B
Slightly volatile
Net Income4.1 B3.9 B2.2 B
Slightly volatile
End Period Cash Flow83.8 M99.6 M156.4 M
Very volatile
Change To InventoryB6.7 B3.4 B
Slightly volatile
Stock Based Compensation63.2 M121.3 M72.9 M
Slightly volatile
Cash Flows Other Operating5.6 B5.4 B2.2 B
Slightly volatile
Change To Operating Activities3.9 B3.7 B1.5 B
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Short Term Coverage Ratios7.8112.437.7749
Slightly volatile
Price Earnings Ratio14.1823.873221.4179
Slightly volatile
Price To Sales Ratio1.491.50061.1018
Slightly volatile
Dividend Yield0.00280.0030.0258
Pretty Stable
Price Book Value Ratio2.374.59453.1001
Slightly volatile
Days Of Payables Outstanding280.6 B267.3 B77.8 B
Slightly volatile
Operating Cash Flow Per Share19.1118.19688.1461
Slightly volatile
Dividend Payout Ratio0.06760.07110.3901
Very volatile
Price To Operating Cash Flows Ratio6.198.75327.768
Pretty Stable
Free Cash Flow Per Share18.6517.76597.819
Slightly volatile
Price To Free Cash Flows Ratio6.978.96558.2325
Pretty Stable
Pretax Profit Margin0.130.0790.1037
Pretty Stable
Ebt Per Ebit0.09170.09650.9178
Slightly volatile
Operating Profit Margin0.860.81870.1932
Slightly volatile
Effective Tax Rate0.310.20420.2468
Very volatile
Company Equity Multiplier4.434.15874.2336
Pretty Stable
Long Term Debt To Capitalization0.340.25360.2851
Slightly volatile
Cash Per Share12.6919.585732.7212
Slightly volatile
Total Debt To Capitalization0.350.25360.2997
Pretty Stable
Interest Coverage19918939.4564
Slightly volatile
Return On Capital Employed0.980.92890.2019
Slightly volatile
Payout Ratio0.06760.07110.3901
Very volatile
Debt Equity Ratio0.570.33970.4643
Slightly volatile
Ebit Per Revenue0.860.81870.1932
Slightly volatile
Quick Ratio0.910.96291.4503
Pretty Stable
Net Income Per E B T0.540.79580.6911
Slightly volatile
Cash Ratio0.00320.00340.0041
Slightly volatile
Operating Cash Flow Sales Ratio0.0960.17140.1322
Slightly volatile
Days Of Sales Outstanding11510084.7955
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.730.97630.9313
Pretty Stable
Cash Flow Coverage Ratios1.621.54511.0212
Slightly volatile
Price To Book Ratio2.374.59453.1001
Slightly volatile
Current Ratio0.770.80560.8756
Slightly volatile
Fixed Asset Turnover61.8958.940831.3976
Slightly volatile
Price Cash Flow Ratio6.198.75327.768
Pretty Stable
Enterprise Value Multiple35133458.265
Slightly volatile
Debt Ratio0.140.08170.1058
Pretty Stable
Cash Flow To Debt Ratio1.621.54511.0212
Slightly volatile
Price Sales Ratio1.491.50061.1018
Slightly volatile
Return On Assets0.03930.04630.046
Very volatile
Receivables Turnover3.533.64074.5569
Slightly volatile
Asset Turnover0.520.73620.6891
Slightly volatile
Net Profit Margin0.09760.06290.0686
Pretty Stable
Gross Profit Margin0.80.99990.9865
Slightly volatile
Price Fair Value2.374.59453.1001
Slightly volatile
Return On Equity0.210.19250.1925
Very volatile

Progressive Fundamental Market Drivers

Forward Price Earnings22.8311
Cash And Short Term Investments62.3 B

Progressive Upcoming Events

11th of April 2024
Upcoming Quarterly Report
View
11th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
22nd of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Progressive Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Progressive Corp income statement, its balance sheet, and the statement of cash flows. Progressive Corp investors use historical funamental indicators, such as Progressive Corp's revenue or net income, to determine how well the company is positioned to perform in the future. Although Progressive Corp investors may use each financial statement separately, they are all related. The changes in Progressive Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Progressive Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Progressive Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Progressive Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Current Deferred Revenue 57.87  54.98 
Total Revenue62.1 B65.2 B
Cost Of Revenue7.6 M7.2 M
Ebit Per Revenue 0.82  0.86 

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Progressive Corp using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Progressive Corp is a strong investment it is important to analyze Progressive Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Progressive Corp's future performance. For an informed investment choice regarding Progressive Stock, refer to the following important reports:
Check out the analysis of Progressive Corp Correlation against competitors.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.
Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Progressive Stock analysis

When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.424
Dividend Share
1.15
Earnings Share
6.59
Revenue Per Share
106.142
Quarterly Revenue Growth
0.254
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.