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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Net margin	49.2%+7.6pp	41.6%+25.9pp	15.7%+6.2pp	9.5%-32.7pp
Returns
Return on equity	146.3%+8.5pp	137.8%+83.3pp	54.5%+27.6pp	26.9%-85.7pp
Efficiency
Asset turnover	3.1×0.0×	3×+0.1×	2.9×+0.2×	2.7×-0.1×
Leverage
Debt-to-equity	0.9×-0.3×	1.1×-0.4×	1.5×-0.1×	1.6×+0.4×
Per Share
Book value per share	$216.56+30.0%	$166.64+37.3%	$121.33+12.3%	$108.01-13.5%
Valuation
Market capitalization	$600.15B+12.9%	$531.58B+58.3%	$335.77B+20.5%	$278.55B+23.2%
Price / earnings	59.3×-14.1×	73.4×-122×	195.7×-99.0×	294.8×+245×
Price / sales	7.2×-0.4×	7.6×+1.7×	5.9×+0.1×	5.7×+0.8×
Price / book	19×-2.7×	21.7×+2.8×	18.9×+1.2×	17.6×+5.3×
Dividend yield	7.7%+5.7pp	2%+0.9pp	1.1%-4.1pp	5.2%-16.6pp

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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.