Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
PGR · NYSE · Financial
Fundamental quality
82
out of 100
Progressive Corp grows profitably: it increases revenue at double digits (15.2% a year) without giving up profitability (net margin 12.9%). On fundamental quality it scores 82 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its growth (revenue +15.2%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Progressive is the most profitable U.S. auto insurer and the fastest share gainer. Its historic edge: pricing risk better than anyone with data (it pioneered telematics — measuring how you actually drive).
EPS growth: 14.5% · Revenue growth: 15.2%
Net margin: 12.9% · ROE: 36.1%
FCF: 18.4%
Source: SEC EDGAR · TTM through 31/03/2026
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.
Percentile against the other 71 Financial companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 42,658 | 5,705 | 6,682 | 5,320 |
| 2021 | 47,702 | 3,351 | 7,518 | 4,697 |
| 2022 | 49,611 | 722 | 6,557 | 6,167 |
| 2023 | 62,109 | 3,903 | 10,391 | 6,789 |
| 2024 | 75,372 | 8,480 | 14,834 | 6,739 |
| 2025 | 87,671 | 11,308 | 17,200 | 6,759 |
Between 2020 and 2025, revenue went from $42,658M to $87,671M (+106%) and net income went from $5,705M to $11,308M (+98%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$13.9
per share, yearly
25.4% of earnings
Payout
at least 3 straight years raising it
Growth
That is what we can verify in the SEC filings, whose structured data only starts in 2008 and which many companies begin tagging later. The real streak may be considerably longer.
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Progressive Corp cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Progressive Corp a good company to invest in?
In terms of business quality, Progressive Corp scores 82 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Progressive Corp a profitable company?
Yes. Progressive Corp shows a net margin of 12.9% and an ROE of 36.1%, a sign of a profitable business.
Is Progressive Corp growing?
Its revenue has grown 15.2% annualized in recent years and its earnings per share 14.5%, and without interruption since 2020.
Does Progressive Corp generate cash?
Yes. It converts about 18.4% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Progressive Corp's filings on EDGAR
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