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Progressive PGR Net margin

Net margin at other companies

Cincinnati Financial logo
Cincinnati FinancialCINF
23.8%+8.2pp
The Travelers Companies logo
The Travelers CompaniesTRV
17%+6.0pp
Selective Insurance Group logo
Selective Insurance GroupSIGI
9.1%+1.6pp
Kemper logo
KemperKMPR
1.1%-6.3pp
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
15%+3.1pp
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
13.5%+9.3pp

Other financials

Income statement

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Revenue$22.2B+8.7%
Net income$3.3B+4.3%
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$34.3B+5.3%
Total assets$124.93B+8.2%

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$122.92B-13.2%
P/E10.5×-3.1×

Profitability

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FCF margin18.4%-1.7pp

Returns & leverage

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Return on equity34.9%-2.4pp
Debt / equity0.2×0.0×

Where this comes from

Calculated from Progressive’s reported figures.

Based on trailing twelve months.

The source filing: Progressive’s 10-Q, filed May 4, 2026. Open the filing →

Filed
May 4, 2026, 9:59 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000080661-26-000177

FAQ

What is Progressive's net margin?
Progressive (PGR) reported net margin of 12.9% in Q1 2026.
How has Progressive's net margin changed year-over-year?
Progressive's net margin increased by 16.4% year-over-year, from 11.1% to 12.9%.
What is the long-term trend for Progressive's net margin?
Over 5 years (2020 to 2025), Progressive's net margin has grown at a -0.7% compound annual growth rate (CAGR), from 13.4% to 12.9%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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