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%+7.3pp	49.2%+7.6pp	47.6%+11.0pp	46.3%+16.3pp	43.8%+20.8pp
Returns
Return on equity	149.9%+7.7pp	146.3%+8.5pp	142.8%+20.5pp	145%+42.0pp	142.2%+62.9pp
Efficiency
Asset turnover	3.1×0.0×	3.1×0.0×	3.1×+0.1×	3.1×+0.1×	3×+0.1×
Leverage
Debt-to-equity	0.9×-0.2×	0.9×-0.3×	0.9×-0.3×	1×-0.4×	1.1×-0.4×
Per Share
Book value per share	$221.88+24.1%	$216.56+30.0%	$208.54+32.3%	$194.50+37.9%	$178.77+37.8%
Valuation
Market capitalization	$550.21B-4.5%	$600.15B+12.9%	$607.03B+25.3%	$610.77B+46.3%	$576.42B+54.5%
Price / earnings	50.3×-21.2×	59.3×-14.1×	64.1×-16.7×	68.8×-23.3×	71.5×-47.4×
Price / sales	6.4×-1.4×	7.2×-0.4×	7.6×+0.3×	7.9×+1.4×	7.8×+1.7×
Price / book	16.9×-5.0×	19×-2.7×	20.1×-0.7×	21.5×+1.4×	21.9×+2.4×
Dividend yield	13%+9.8pp	7.7%+5.7pp	6%+4.2pp	4.5%+2.9pp	3.2%+1.8pp

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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.