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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Progressive Corporation's Income Statement
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$42.64 B | $47.68 B | $49.59 B | $62.08 B | $75.34 B |
| Cost of Revenue |
|
$28.40 B | $37.34 B | $42.04 B | $50.32 B | $54.44 B |
| Gross Profit |
|
$14.24 B | $10.34 B | $7.55 B | $11.76 B | $20.90 B |
| Research & Development |
|
- | - | - | - | - |
| Selling,General & Administrative |
|
- | - | - | - | - |
| Operating Expense |
|
$7.07 B | $6.13 B | $6.63 B | $6.86 B | $10.19 B |
| Operating Income |
|
$7.17 B | $4.21 B | $922.00 M | $4.90 B | $10.71 B |
| Net Income |
|
$5.70 B | $3.35 B | $722.00 M | $3.90 B | $8.48 B |
Progressive Corporation's Balance Sheet
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$42.11 B | $45.00 B | $49.72 B | $62.25 B | $76.09 B |
| Inventories |
|
- | - | - | - | - |
| Total Current Assets |
|
$54.65 B | $59.84 B | $66.26 B | $79.56 B | $23.32 B |
| Property,Plant and Equipment |
|
$1.11 B | $1.14 B | $1.03 B | $881.00 M | $790.00 M |
| Goodwill |
|
$452.70 M | $452.70 M | $227.90 M | $228.00 M | $228.00 M |
| Total Assets |
|
$64.10 B | $71.13 B | $75.47 B | $88.69 B | $105.75 B |
| Total Liabilities |
|
$47.06 B | $52.90 B | $59.57 B | $68.41 B | $80.15 B |
| Retained Earnings |
|
$13.35 B | $15.34 B | $15.72 B | $18.80 B | $24.28 B |
| Total Shareholder Equity |
|
$17.04 B | $18.23 B | $15.89 B | $20.28 B | $25.59 B |
| Common Stock |
|
$585.20 M | $584.40 M | $584.90 M | $585.00 M | $586.00 M |
Progressive Corporation's Cash flow
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$331.80 M | $337.40 M | $336.60 M | $299.70 M | $284.00 M |
| Dividends Payout |
|
-$1.58 B | -$3.77 B | -$260.80 M | -$277.60 M | -$682.00 M |
| Capital Expenditures (Capex) |
|
-$223.50 M | -$243.50 M | -$292.00 M | -$252.00 M | -$285.00 M |
| Free Cash Flow (FCF) |
|
$6.68 B | $7.52 B | $6.56 B | $10.39 B | $14.83 B |
Progressive Corporation's Profitability
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$14.24 B | $10.34 B | $7.55 B | $11.76 B | $20.90 B |
| Gross Profit Margin (%) |
|
33.40% | 21.68% | 15.22% | 18.95% | 27.74% |
| Operating Income |
|
$7.17 B | $4.21 B | $922.00 M | $4.90 B | $10.71 B |
| Operating Income Margin (%) |
|
16.82% | 8.83% | 1.86% | 7.90% | 14.22% |
| Net Income |
|
$5.70 B | $3.35 B | $722.00 M | $3.90 B | $8.48 B |
| Net Income Margin (%) |
|
13.38% | 7.03% | 1.46% | 6.29% | 11.26% |
| EBITDA |
|
$7.72 B | $4.77 B | $1.47 B | $5.46 B | $11.28 B |
| EBITDA Margin (%) |
|
18.11% | 10.00% | 2.97% | 8.79% | 14.97% |
Progressive Corporation's Ratios
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
33.48% | 18.38% | 4.54% | 19.25% | 33.14% |
| Return on Assets (ROA) |
|
8.90% | 4.71% | 0.96% | 4.40% | 8.02% |
| Debt to Equity |
|
31.67% | 26.87% | 40.20% | 33.97% | 26.94% |
| Debt to total asset |
|
8.42% | 6.89% | 8.47% | 7.77% | 6.52% |
| Enterprise value to revenue |
|
1.48 | 1.36 | 1.65 | 1.61 | 1.95 |
| Enterprise value to EBITDA |
|
8.18 | 13.58 | 55.70 | 18.32 | 13.04 |
| Enterprise value |
|
$63.15 B | $64.71 B | $81.99 B | $99.97 B | $147.04 B |
| Tax Rate (%) |
|
20.47% | 20.41% | 21.69% | 20.41% | 20.84% |
Frequently Asked Questions
