Discontinued — last reported Q2 '16

Other

CapEx

Progressive CapEx increased by 83.3% to $121.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.8%, from $110.20M to $121.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 9.3% CAGR.

Analysis

StatementIncome Statement
SectionOther
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2015
Last reportedQ2 2016

How to read this metric

High levels signal aggressive investment in future growth, while low levels may indicate a focus on cash preservation or asset-light strategy.

Detailed definition

Represents cash outflows for the acquisition or maintenance of long-term physical assets such as property, plants, and e...

Peer comparison

Standard metric for capital-intensive industries.

Metric ID: is_anet_capital_expenditures

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$48.00M$89.80M$55.20M$73.00M$63.70M$108.30M$47.00M$43.20M$90.40M$36.30M$82.10M$50.20M$67.90M$56.70M$110.20M$59.00M$102.00M$66.00M$121.00M
QoQ Change+87.1%-38.5%+32.2%-12.7%+70.0%-56.6%-8.1%+109.3%-59.8%+126.2%-38.9%+35.3%-16.5%+94.4%-46.5%+72.9%-35.3%+83.3%
YoY Change+32.7%+20.6%-14.9%-40.8%+41.9%-66.5%+74.7%+16.2%-24.9%+56.2%+34.2%+17.5%+50.2%+16.4%+9.8%
Range$36.30M$121.00M
CAGR+22.8%
Avg YoY Growth+14.9%
Median YoY Growth+17.5%

Frequently Asked Questions

What is Progressive's capex?
Progressive (PGR) reported capex of $121.00M in Q4 2025.
How has Progressive's capex changed year-over-year?
Progressive's capex increased by 9.8% year-over-year, from $110.20M to $121.00M.
What is the long-term trend for Progressive's capex?
Over 4 years (2021 to 2025), Progressive's capex has grown at a 9.3% compound annual growth rate (CAGR), from $243.50M to $348.00M.
What does capex mean?
Cash spent on purchasing or upgrading long-term physical assets.

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