Where do Progressive's ratios come from?

Every ratio is computed from Progressive's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Progressive PGR Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Net margin	51.1%+1.8pp	49.2%+1.6pp	47.6%+1.3pp	46.3%+2.5pp	43.8%+2.2pp
Returns
Return on equity	149.9%+3.6pp	146.3%+3.5pp	142.8%-2.2pp	145%+2.8pp	142.2%+4.4pp
Efficiency
Asset turnover	3.1×0.0×	3.1×0.0×	3.1×0.0×	3.1×0.0×	3×0.0×
Leverage
Debt-to-equity	0.9×0.0×	0.9×0.0×	0.9×-0.1×	1×-0.1×	1.1×-0.1×
Per Share
Book value per share	$221.88+2.5%	$216.56+3.8%	$208.54+7.2%	$194.50+8.8%	$178.77+7.3%
Valuation
Market capitalization	$550.21B-8.3%	$600.15B-1.1%	$607.03B-0.6%	$610.77B+6.0%	$576.42B+8.4%
Price / earnings	50.3×-9.0×	59.3×-4.7×	64.1×-4.8×	68.8×-2.7×	71.5×-1.9×
Price / sales	6.4×-0.8×	7.2×-0.3×	7.6×-0.4×	7.9×+0.1×	7.8×+0.3×
Price / book	16.9×-2.1×	19×-1.1×	20.1×-1.4×	21.5×-0.4×	21.9×+0.2×
Dividend yield	13%+5.3pp	7.7%+1.7pp	6%+1.5pp	4.5%+1.3pp	3.2%+1.2pp

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Where do Progressive's ratios come from?: Every ratio is computed from Progressive's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.