Progressive Corporation (The)

As of June 30, 2026, Progressive Corporation carries a market capitalization of 112.53B, placing it among publicly traded companies globally. Its enterprise value stands at 108.01B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Progressive Corporation's next confirmed earnings release is scheduled for January 27, 2027.

As of June 30, 2026, Progressive Corporation has 581.40M shares outstanding.

As of June 30, 2026, Progressive Corporation trades at a trailing price-to-earnings ratio of 10.65. The price-to-sales ratio is 1.37, and the price-to-book ratio stands at 3.74.

These figures are as of June 30, 2026. The EV/Sales ratio of 1.36 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Progressive Corporation trades at an EV/FCF ratio of 7.62, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 108.01B versus a market cap of 112.53B, with the gap driven by net debt and cash on the balance sheet.

These figures are as of June 30, 2026.

Over the twelve months ended June 30, 2026, Progressive Corporation posted a return on equity (ROE) of 34.94, showing how much profit the company earns on every dollar of shareholder capital. Return on assets (ROA) stands at 9.73, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 29.02, useful for judging operating efficiency across full business cycles. The company generates approximately 1.15M in revenue per employee across its workforce of 69,116.75, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, Progressive Corporation recorded 2.70B in income tax expense. That works out to an effective tax rate of 20.87, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 12.94B, leaving 10.24B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on October 6, 2026, Progressive Corporation's stock has declined approximately 8.03% over the past 52 weeks. The 50-day moving average sits at 186.03, while the 200-day moving average is 180.27.

Over the twelve months ended June 30, 2026, Progressive Corporation generated 79.67B in revenue and converted that into 10.24B in net income, yielding earnings per share of 18.12.

As of June 30, 2026, Progressive Corporation holds 11.86B in cash and equivalents against 7.34B in total debt, resulting in a net debt position of 7.19B.

Progressive Corporation produced 14.30B in operating cash flow over the twelve months ended June 30, 2026. After subtracting -339.62M in capital expenditures, free cash flow totaled 13.96B - equivalent to 24.78 per share.

These figures cover the twelve months ended June 30, 2026.

Over the twelve months ended June 30, 2026, Progressive Corporation paid dividends of 12.65 per share. The dividend payout ratio of 69.66 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 12.77, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 6.11, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Progressive Corporation shareholders.

Progressive Corporation's most recent stock split took place on May 19, 2006 with a 1:4 split ratio.