Progressive Corporation's Income Statement Analysis: Revenue to Profit Breakdown
Progressive Corporation's Income Statement Analysis: Revenue to Profit Breakdown
|
|
Chart |
FY21
Dec 31, 2021
|
FY22
Dec 31, 2022
|
FY23
Dec 31, 2023
|
FY24
Dec 31, 2024
|
FY25
Nov 30, 2025
|
TTM
Trailing 12M
|
|---|---|---|---|---|---|---|---|
|
Revenue
Total sales generated. |
|
$47.68 B | $49.59 B | $62.08 B | $75.34 B | $79.91 B | $89.43 B |
|
Cost of Revenue Direct cost of goods/services. |
|
$37.34 B | $42.04 B | $50.32 B | $54.44 B | $55.32 B | $63.99 B |
Gross Profit Revenue minus cost of revenue. |
|
$10.34 B | $7.55 B | $11.76 B | $20.90 B | $24.59 B | $25.44 B |
|
Operating Expense
Costs to run business. |
|
$6.13 B | $6.63 B | $6.86 B | $10.19 B | $11.76 B | $10.88 B |
Research and Development Investment in innovation. |
|
- | - | - | - | - | - |
|
Sales, General and Administrative
Selling and admin costs. |
|
- | - | - | - | - | - |
General and Administrative Corporate overhead costs. |
|
- | - | - | - | - | - |
Sales and Marketing Customer acquisition costs. |
|
- | - | - | - | - | - |
Other Expenses Other operating costs. |
|
$6.13 B | $6.63 B | $6.86 B | $10.19 B | $11.76 B | $10.88 B |
Operating Income Profit from operations. |
|
$4.21 B | $922.00 M | $4.90 B | $10.71 B | $12.83 B | $14.55 B |
|
Net Interest Income
Interest income minus expense. |
|
-$218.60 M | -$244.00 M | -$268.00 M | -$279.00 M | $3.00 B | -$278.00 M |
Interest Income Income from investments. |
|
- | - | - | - | $3.25 B | - |
Interest Expense Cost of borrowing. |
|
$218.60 M | $244.00 M | $268.00 M | $279.00 M | $255.00 M | $278.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
|
-$218.60 M | -$244.00 M | -$268.00 M | -$279.00 M | - | -$278.00 M |
Total Other Income (Net) Net non-operating items. |
|
- | - | - | - | - | - |
Income Before Tax Profit before taxes. |
|
$4.21 B | $922.00 M | $4.90 B | $10.71 B | $12.83 B | $14.55 B |
Income Tax Expense Taxes on income. |
|
$859.10 M | $200.00 M | $1.00 B | $2.23 B | $2.67 B | $2.99 B |
|
Net Income
Final profit. |
|
$3.35 B | $722.00 M | $3.90 B | $8.48 B | $10.16 B | $11.56 B |
Net Income From Continuing Operations Profit from core business. |
|
$3.35 B | $722.00 M | $3.90 B | $8.48 B | $10.16 B | $11.56 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
|
- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
|
- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
|
- | - | - | - | - | - |
|
Earnings Per Share
Company profit allocated to each outstanding share. |
|||||||
EPS Earnings per share. Formula: Net Income ÷ Shares |
|
$5.69 | $1.19 | $6.61 | $14.45 | $17.27 | $19.72 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
|
$5.66 | $1.18 | $6.58 | $14.40 | $17.27 | $19.67 |
|
Shares for EPS
Number of shares used to calculate EPS. |
|||||||
Weighted Average Shares Outst. Avg shares used for EPS. |
|
584.50 M | 584.40 M | 584.90 M | 585.50 M | 588.20 M | 585.60 M |
Diluted Average Shares Outst. Shares including dilution. |
|
587.10 M | 587.10 M | 587.50 M | 587.70 M | 588.20 M | 586.90 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
|
$4.43 B | $1.17 B | $5.17 B | $10.99 B | $12.83 B | $14.83 B |
EBITDA Earnings before interest, tax, D&A. |
|
$4.77 B | $1.47 B | $5.46 B | $11.28 B | $13.09 B | $15.07 B |
Depreciation and Amortization Non-cash expense for assets. |
|
$337.40 M | $306.00 M | $285.00 M | $284.00 M | $255.00 M | $243.00 M |
| Company Report |
Progressive Corporation's Assets vs Liabilities & Equity
Progressive Corporation's Assets vs Liabilities & Equity
| Loading balance sheet when needed... |
| Loading cash flow statement when needed... |
| Loading profitability metrics when needed... |





