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Progressive PGR Asset turnover

Asset turnover at other companies

Cincinnati Financial logo
Cincinnati FinancialCINF
0.3×0.0×
The Travelers Companies logo
The Travelers CompaniesTRV
0.4×0.0×
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
0.3×0.0×
Allstate logo
AllstateALL
0.6×0.0×
Berkshire Hathaway logo
Berkshire HathawayBRK.B
0.3×0.0×
Chubb logo
ChubbCB
0.2×0.0×

Other financials

Income statement

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Revenue$22.2B+8.7%
Net income$2.8B+9.8%
EPS (diluted)$4.80+9.8%

Balance sheet

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Cash & equivalents$162.0M-16.9%
Total debt$8.4B+21.6%
Total equity$32.0B+10.7%
Total assets$122.21B+9.7%

Cash flow

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Operating cash flow$4.4B-15.1%
CapEx$63.0M+6.8%
Free cash flow$4.3B-15.3%

Valuation

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Market cap$119.01B-30.1%
Enterprise value$127.24B-28.1%
P/E10.3×-9.2×
P/S1.3×-0.8×

Profitability

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Net margin12.9%+1.8pp

Returns & leverage

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Return on equity37.9%+3.6pp
Debt / equity0.3×0.0×

Where this comes from

Calculated from Progressive’s reported figures.

Based on trailing twelve months.

The official record: Progressive’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progressive's asset turnover?
Progressive (PGR) reported asset turnover of 0.8× in Q1 2026.
How has Progressive's asset turnover changed year-over-year?
Progressive's asset turnover increased by 0.2% year-over-year, from 0.8× to 0.8×.
What is the long-term trend for Progressive's asset turnover?
Over 4 years (2021 to 2025), Progressive's asset turnover has grown at a 1.9% compound annual growth rate (CAGR), from 2.8× to 3.1×.
What does asset turnover mean?
How many sales dollars the company generates from each dollar of assets.
How do you interpret asset turnover?
Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
How does asset turnover compare across companies?
Compare within an industry — turnover differences across sectors reflect business models, not performance.