TenQ · fact sheet · filings current to 2026-06-30
Progressive (PGR)
A mixed picture - strengths and real weaknesses - 25 of 36 checks passed.
Full analysis: report · all charts. Every figure below is computed from SEC EDGAR XBRL filings. Prices delayed. Not investment advice.
Fundamental scores (checks passed)
- Value 4/6: Fairly priced on some measures, rich on others - earnings multiple below its own long-run norm.
- Growth 4/6: Growing, but with caveats - revenue +10.5% over the last year.
- Quality 3/6: A solidly profitable business, though not exceptional against its sector.
- Health 4/6: Financially sound overall, with one or two things worth watching.
- Capital allocation 6/6: PGR earns a real return on its capital and hands back what it can afford.
- Dividends 4/6: Pays a dividend, with caveats worth reading below.
Momentum 5/6: The market agrees: this stock is in a healthy uptrend on every horizon. Momentum is price behaviour, so it is not part of the fundamental score above; it sets the colour of the snowflake instead.
Key figures
| Revenue (TTM) | $91.1B |
| Net income (TTM) | $11.7B |
| Free cash flow (TTM) | $16.0B |
| Gross margin | - |
| Operating margin | - |
| Return on equity | 34.1% |
| P/E | 11.1x |
| P/E, own 11-year median | 12.6x |
| P/S | 1.4x |
| Debt / equity | - |
| Cash & short-term investments | $2.2B |
| Shares outstanding | 581.4m (cover page of the latest filing, 2026-07-02) |
| Revenue growth (1y) | +10.5% |
| Revenue CAGR (3y) | +20.9% |
| Dividend yield | 2.2% |
Signature data points
- When the debt comes due: 38% of Progressive's $8.4B of borrowing is not due until after 2040, and only $2.3B falls due this decade. An insurer can borrow that long because the premiums keep arriving whatever the bond market does. (SEC filings) chart →
- How far under water the bond book is: The bonds Progressive is under water on are down 4.3% on commercial mortgages against 2.1% on government paper. These are paper losses it need not realise while the premiums keep the float topped up - but they are the reason a rate shock hurts an insurer at all. (SEC filings) chart →
Insider activity (open-market, recent filings)
Buys: $0.00 · Sells: $23M detail →
Method: figures computed deterministically from SEC EDGAR XBRL (companyfacts, frames, financial-statement-and-notes datasets, Form 4). Scores count transparent pass/fail checks. Missing data is shown as missing, never estimated. © TenQ - cite with a link to this page.