Progressive Corporation

286.86
5.63 (2.00%)
At close: Apr 03, 2025, 3:59 PM
284.72
-0.74%
After-hours: Apr 03, 2025, 08:00 PM EDT

Progressive Statistics

Share Statistics

Progressive has 586.21M shares outstanding. The number of shares has increased by 0.09% in one year.

Shares Outstanding 586.21M
Shares Change (YoY) 0.09%
Shares Change (QoQ) 0.07%
Owned by Institutions (%) 85.68%
Shares Floating 584.57M
Failed to Deliver (FTD) Shares 7.23K
FTD / Avg. Volume 0.24%

Short Selling Information

The latest short interest is 6.16M, so 1.05% of the outstanding shares have been sold short.

Short Interest 6.16M
Short % of Shares Out 1.05%
Short % of Float 1.05%
Short Ratio (days to cover) 2.5

Valuation Ratios

The PE ratio is 16.55 and the forward PE ratio is 17.11. Progressive's PEG ratio is 0.14.

PE Ratio 16.55
Forward PE 17.11
PS Ratio 16.01
Forward PS 1.5
PB Ratio 5.48
P/FCF Ratio 9.46
PEG Ratio 0.14
Financial Ratio History

Enterprise Valuation

Progressive has an Enterprise Value (EV) of 147.07B.

EV / Sales 16.78
EV / EBITDA 0
EV / EBIT 9.73
EV / FCF 9.91

Financial Position

The company has a current ratio of 0, with a Debt / Equity ratio of 0.27.

Current Ratio 0
Quick Ratio 0
Debt / Equity 0.27
Debt / EBITDA -
Debt / FCF 0.46
Interest Coverage 0

Financial Efficiency

Return on Equity is 33.14% and Return on Invested Capital is 0%.

Return on Equity 33.14%
Return on Assets 8.02%
Return on Invested Capital 0%
Revenue Per Employee $132.16K
Profits Per Employee $127.89K
Employee Count 66,308
Asset Turnover 0.08
Inventory Turnover n/a

Taxes

Income Tax -59M
Effective Tax Rate -0.7%

Stock Price Statistics

The stock price has increased by 33.43% in the last 52 weeks. The beta is 0.35, so Progressive's price volatility has been higher than the market average.

Beta 0.35
52-Week Price Change 33.43%
50-Day Moving Average 267.33
200-Day Moving Average 246.69
Relative Strength Index (RSI) 57.08
Average Volume (20 Days) 2.97M

Income Statement

In the last 12 months, Progressive had revenue of 8.76B and earned 8.48B in profits. Earnings per share was 14.48.

Revenue 8.76B
Gross Profit 8.76B
Operating Income 0
Net Income 8.48B
EBITDA 0
EBIT 8.7B
Earnings Per Share (EPS) 14.48
Full Income Statement

Balance Sheet

The company has 143M in cash and 6.89B in debt, giving a net cash position of -6.75B.

Cash & Cash Equivalents 143M
Total Debt 6.89B
Net Cash -6.75B
Retained Earnings 24.28B
Total Assets 105.75B
Working Capital 95.57B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 15.12B and capital expenditures -285M, giving a free cash flow of 14.83B.

Operating Cash Flow 15.12B
Capital Expenditures -285M
Free Cash Flow 14.83B
FCF Per Share 25.33
Full Cash Flow Statement

Margins

Gross margin is 100%, with operating and profit margins of 0% and 96.77%.

Gross Margin 100%
Operating Margin n/a
Pretax Margin 96.1%
Profit Margin 96.77%
EBITDA Margin n/a
EBIT Margin n/a
FCF Margin 169.28%

Dividends & Yields

PGR pays an annual dividend of $5, which amounts to a dividend yield of 1.72%.

Dividend Per Share $5.00
Dividend Yield 1.72%
Dividend Growth (YoY) 441.18%
Payout Ratio 34.7%
Earnings Yield 6.04%
FCF Yield 10.57%
Dividend Details

Analyst Forecast

The average price target for PGR is $285, which is 1.3% higher than the current price. The consensus rating is "Buy".

Price Target $285
Price Target Difference 1.3%
Analyst Consensus Buy
Analyst Count 17
Stock Forecasts

Stock Splits

The last stock split was on May 19, 2006. It was a forward split with a ratio of 4:1.

Last Split Date May 19, 2006
Split Type forward
Split Ratio 4:1

Scores

Altman Z-Score 3.14
Piotroski F-Score 4