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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
The Progressive Corporation Income Statement
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$42.64 B | $47.68 B | $49.59 B | $62.08 B | $8.76 B |
| Cost of Revenue |
|
$7.20 M | $6.80 | $6.80 | $7.60 M | - |
| Gross Profit |
|
$42.63 B | $47.68 B | $49.59 B | $62.07 B | $8.76 B |
| Research & Development |
|
- | - | - | - | - |
| Selling,General & Administrative |
|
$1.08 B | - | - | -$5.17 B | - |
| Operating Expense |
|
$35.46 B | $43.47 B | $48.66 B | $56.91 B | - |
| Operating Income |
|
$7.17 B | $4.21 B | $922.10 M | $5.17 B | - |
| Net Income |
|
$5.70 B | $3.35 B | $721.50 M | $3.90 B | $8.48 B |
The Progressive Corporation Balance Sheet
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$42.11 B | $45.00 B | $8.95 B | $84.90 M | $76.09 B |
| Inventories |
|
-$19.47 B | -$16.45 B | -$25.20 B | - | - |
| Total Current Assets |
|
$54.21 B | $59.20 B | $19.65 B | $84.90 M | $95.57 B |
| Property,Plant and Equipment |
|
$1.11 B | $1.14 B | $1.16 B | $1.05 B | $790.00 M |
| Goodwill |
|
$452.70 M | $452.70 M | $227.90 M | $227.90 M | - |
| Total Assets |
|
$64.10 B | $71.13 B | $70.23 B | $88.69 B | $105.75 B |
| Total Liabilities |
|
$47.06 B | $52.90 B | $54.34 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 | $585.30 M | $2.70 B |
The Progressive Corporation 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 |
The Progressive Corporation Profitability
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$42.63 B | $47.68 B | $49.59 B | $62.07 B | $8.76 B |
| Gross Profit Margin (%) |
|
99.98% | 100.00% | 100.00% | 99.99% | 100.00% |
| Operating Income |
|
$7.17 B | $4.21 B | $922.10 M | $5.17 B | - |
| Operating Income Margin (%) |
|
16.82% | 8.83% | 1.86% | 8.33% | 0.00% |
| Net Income |
|
$5.70 B | $3.35 B | $721.50 M | $3.90 B | $8.48 B |
| Net Income Margin (%) |
|
13.38% | 7.03% | 1.46% | 6.29% | 96.77% |
| EBITDA |
|
- | - | - | - | - |
| EBITDA Margin (%) |
|
0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
The Progressive Corporation 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% | 1.03% | 4.40% | 8.02% |
| Debt to Equity |
|
31.67% | 26.87% | 41.06% | 33.97% | 26.94% |
| Debt to total asset |
|
8.42% | 6.89% | 9.29% | 7.77% | 6.52% |
| Enterprise value to revenue |
|
1.48 | 1.36 | 1.66 | 1.61 | 16.78 |
| Enterprise value to EBITDA |
|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Enterprise value |
|
$63.15 B | $64.71 B | $82.11 B | $99.97 B | $147.07 B |
| Cash to Debt |
|
127.97% | 158.44% | 104.95% | 154.51% | 219.34% |
| Tax Rate (%) |
|
20.47% | 20.41% | 21.75% | 20.42% | -0.70% |
| Payout Ratio |
|
27.66% | 112.61% | 36.15% | 7.11% | 8.04% |
