PROGRESSIVE CORP (PGR) Stock Fundamental Analysis

NYSE:PGR • US7433151039

206.755 USD
-1.62 (-0.78%)
Last: Feb 12, 2026, 01:34 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Taking everything into account, PGR scores 5 out of 10 in our fundamental rating. PGR was compared to 149 industry peers in the Insurance industry. PGR has only an average score on both its financial health and profitability. PGR has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • PGR had positive earnings in the past year.
  • In the past year PGR had a positive cash flow from operations.
  • In the past 5 years PGR has always been profitable.
  • Of the past 5 years PGR 4 years had a positive operating cash flow.
PGR Yearly Net Income VS EBIT VS OCF VS FCFPGR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

1.2 Ratios

  • With an excellent Return On Assets value of 8.82%, PGR belongs to the best of the industry, outperforming 95.97% of the companies in the same industry.
  • PGR's Return On Equity of 30.23% is amongst the best of the industry. PGR outperforms 96.64% of its industry peers.
  • With an excellent Return On Invested Capital value of 9.83%, PGR belongs to the best of the industry, outperforming 92.62% of the companies in the same industry.
  • PGR had an Average Return On Invested Capital over the past 3 years of 8.05%. This is significantly below the industry average of 14.88%.
  • The 3 year average ROIC (8.05%) for PGR is below the current ROIC(9.83%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 8.82%
ROE 30.23%
ROIC 9.83%
ROA(3y)7.18%
ROA(5y)5.43%
ROE(3y)29.81%
ROE(5y)22.41%
ROIC(3y)8.05%
ROIC(5y)6.23%
PGR Yearly ROA, ROE, ROICPGR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • PGR has a Profit Margin of 12.58%. This is in the better half of the industry: PGR outperforms 69.13% of its industry peers.
  • In the last couple of years the Profit Margin of PGR has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 16.19%, PGR is in the better half of the industry, outperforming 63.09% of the companies in the same industry.
  • PGR's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 16.19%
PM (TTM) 12.58%
GM N/A
OM growth 3Y80.71%
OM growth 5Y-0.92%
PM growth 3Y109.62%
PM growth 5Y-0.63%
GM growth 3YN/A
GM growth 5YN/A
PGR Yearly Profit, Operating, Gross MarginsPGR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PGR is still creating some value.
  • PGR has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, PGR has about the same amount of shares outstanding.
  • The debt/assets ratio for PGR has been reduced compared to a year ago.
PGR Yearly Shares OutstandingPGR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
PGR Yearly Total Debt VS Total AssetsPGR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • The Debt to FCF ratio of PGR is 0.40, which is an excellent value as it means it would take PGR, only 0.40 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.40, PGR belongs to the top of the industry, outperforming 86.58% of the companies in the same industry.
  • PGR has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of PGR (0.19) is better than 69.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 0.4
Altman-Z N/A
ROIC/WACC1.16
WACC8.5%
PGR Yearly LT Debt VS Equity VS FCFPGR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
PGR Yearly Current Assets VS Current LiabilitesPGR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • PGR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.89%, which is quite impressive.
  • The Earnings Per Share has been growing by 19.56% on average over the past years. This is quite good.
  • The Revenue has grown by 16.32% in the past year. This is quite good.
  • Measured over the past years, PGR shows a quite strong growth in Revenue. The Revenue has been growing by 15.50% on average per year.
EPS 1Y (TTM)29.89%
EPS 3Y63.44%
EPS 5Y19.56%
EPS Q2Q%14.46%
Revenue 1Y (TTM)16.32%
Revenue growth 3Y20.9%
Revenue growth 5Y15.5%
Sales Q2Q%7.75%

3.2 Future

  • The Earnings Per Share is expected to decrease by -2.74% on average over the next years.
  • Based on estimates for the next years, PGR will show a quite strong growth in Revenue. The Revenue will grow by 10.32% on average per year.
EPS Next Y-11.18%
EPS Next 2Y-5.15%
EPS Next 3Y-3.61%
EPS Next 5Y-2.74%
Revenue Next Year7.49%
Revenue Next 2Y7.74%
Revenue Next 3Y7.41%
Revenue Next 5Y10.32%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
PGR Yearly Revenue VS EstimatesPGR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B 80B 100B
PGR Yearly EPS VS EstimatesPGR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5 10 15

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.33, the valuation of PGR can be described as very reasonable.
  • PGR's Price/Earnings ratio is in line with the industry average.
  • PGR is valuated cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • PGR is valuated correctly with a Price/Forward Earnings ratio of 12.75.
  • PGR's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 28.01. PGR is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.33
Fwd PE 12.75
PGR Price Earnings VS Forward Price EarningsPGR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • PGR's Enterprise Value to EBITDA ratio is in line with the industry average.
  • PGR's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 7.11
EV/EBITDA 9.15
PGR Per share dataPGR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100

4.3 Compensation for Growth

  • The decent profitability rating of PGR may justify a higher PE ratio.
  • A cheap valuation may be justified as PGR's earnings are expected to decrease with -3.61% in the coming years.
PEG (NY)N/A
PEG (5Y)0.58
EPS Next 2Y-5.15%
EPS Next 3Y-3.61%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • PGR has a yearly dividend return of 0.19%, which is pretty low.
  • PGR's Dividend Yield is slightly below the industry average, which is at 2.18.
  • With a Dividend Yield of 0.19, PGR pays less dividend than the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 0.19%

5.2 History

  • The dividend of PGR decreases each year by -16.45%.
  • PGR has been paying a dividend for at least 10 years, so it has a reliable track record.
  • PGR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-16.45%
Div Incr Years2
Div Non Decr Years3
PGR Yearly Dividends per sharePGR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8 10

5.3 Sustainability

  • PGR pays out 26.80% of its income as dividend. This is a sustainable payout ratio.
  • PGR's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP26.8%
EPS Next 2Y-5.15%
EPS Next 3Y-3.61%
PGR Yearly Income VS Free CF VS DividendPGR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B
PGR Dividend Payout.PGR Dividend Payout, showing the Payout Ratio.PGR Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

PROGRESSIVE CORP

NYSE:PGR (2/12/2026, 1:34:09 PM)

206.755

-1.62 (-0.78%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)01-28
Earnings (Next)05-04
Inst Owners88.16%
Inst Owner Change-2.41%
Ins Owners0.2%
Ins Owner Change-1.95%
Market Cap121.22B
Revenue(TTM)87.64B
Net Income(TTM)10.71B
Analysts71.72
Price Target248.01 (19.95%)
Short Float %1.16%
Short Ratio1.97
Dividend
Industry RankSector Rank
Dividend Yield 0.19%
Yearly Dividend1.16
Dividend Growth(5Y)-16.45%
DP26.8%
Div Incr Years2
Div Non Decr Years3
Ex-Date01-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.63%
Min EPS beat(2)-20.4%
Max EPS beat(2)9.13%
EPS beat(4)2
Avg EPS beat(4)-0.6%
Min EPS beat(4)-20.4%
Max EPS beat(4)12.78%
EPS beat(8)5
Avg EPS beat(8)7.58%
EPS beat(12)7
Avg EPS beat(12)-1.73%
EPS beat(16)8
Avg EPS beat(16)-4.26%
Revenue beat(2)0
Avg Revenue beat(2)-3.23%
Min Revenue beat(2)-3.5%
Max Revenue beat(2)-2.96%
Revenue beat(4)1
Avg Revenue beat(4)-1.6%
Min Revenue beat(4)-3.5%
Max Revenue beat(4)2.42%
Revenue beat(8)4
Avg Revenue beat(8)0.23%
Revenue beat(12)5
Avg Revenue beat(12)-0.32%
Revenue beat(16)6
Avg Revenue beat(16)-0.73%
PT rev (1m)-5.05%
PT rev (3m)-7.1%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)3.31%
EPS NY rev (1m)-0.64%
EPS NY rev (3m)-1.95%
Revenue NQ rev (1m)-0.39%
Revenue NQ rev (3m)-1.63%
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)-0.95%
Valuation
Industry RankSector Rank
PE 11.33
Fwd PE 12.75
P/S 1.42
P/FCF 7.11
P/OCF 6.97
P/B 3.42
P/tB 3.42
EV/EBITDA 9.15
EPS(TTM)18.25
EY8.83%
EPS(NY)16.21
Fwd EY7.84%
FCF(TTM)29.08
FCFY14.06%
OCF(TTM)29.65
OCFY14.34%
SpS145.26
BVpS60.46
TBVpS60.46
PEG (NY)N/A
PEG (5Y)0.58
Graham Number157.56
Profitability
Industry RankSector Rank
ROA 8.82%
ROE 30.23%
ROCE 12.39%
ROIC 9.83%
ROICexc 9.85%
ROICexgc 10.48%
OM 16.19%
PM (TTM) 12.58%
GM N/A
FCFM 20.02%
ROA(3y)7.18%
ROA(5y)5.43%
ROE(3y)29.81%
ROE(5y)22.41%
ROIC(3y)8.05%
ROIC(5y)6.23%
ROICexc(3y)8.06%
ROICexc(5y)6.24%
ROICexgc(3y)8.72%
ROICexgc(5y)6.81%
ROCE(3y)10.15%
ROCE(5y)7.85%
ROICexgc growth 3Y82.54%
ROICexgc growth 5Y-1.67%
ROICexc growth 3Y84.89%
ROICexc growth 5Y-0.96%
OM growth 3Y80.71%
OM growth 5Y-0.92%
PM growth 3Y109.62%
PM growth 5Y-0.63%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.7
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 0.4
Debt/EBITDA 0.49
Cap/Depr 110.27%
Cap/Sales 0.4%
Interest Coverage 49.94
Cash Conversion 123.36%
Profit Quality 159.13%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC8.5%
ROIC/WACC1.16
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)29.89%
EPS 3Y63.44%
EPS 5Y19.56%
EPS Q2Q%14.46%
EPS Next Y-11.18%
EPS Next 2Y-5.15%
EPS Next 3Y-3.61%
EPS Next 5Y-2.74%
Revenue 1Y (TTM)16.32%
Revenue growth 3Y20.9%
Revenue growth 5Y15.5%
Sales Q2Q%7.75%
Revenue Next Year7.49%
Revenue Next 2Y7.74%
Revenue Next 3Y7.41%
Revenue Next 5Y10.32%
EBIT growth 1Y30.97%
EBIT growth 3Y118.48%
EBIT growth 5Y14.43%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y19.28%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y19.49%
OCF growth 3YN/A
OCF growth 5YN/A

PROGRESSIVE CORP / PGR FAQ

What is the fundamental rating for PGR stock?

ChartMill assigns a fundamental rating of 5 / 10 to PGR.


Can you provide the valuation status for PROGRESSIVE CORP?

ChartMill assigns a valuation rating of 4 / 10 to PROGRESSIVE CORP (PGR). This can be considered as Fairly Valued.


What is the profitability of PGR stock?

PROGRESSIVE CORP (PGR) has a profitability rating of 6 / 10.


What is the valuation of PROGRESSIVE CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for PROGRESSIVE CORP (PGR) is 11.33 and the Price/Book (PB) ratio is 3.42.


How sustainable is the dividend of PROGRESSIVE CORP (PGR) stock?

The dividend rating of PROGRESSIVE CORP (PGR) is 3 / 10 and the dividend payout ratio is 26.8%.