Last 46 quarters of trend data · Financial Services · Insurance - Property & Casualty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.94 | 10.33 | 11.34 | 13.87 | 12.35 | 16.19 | 14.94 | 15.98 | 20.94 | 13.12 | 11.82 | 18.43 | 58.06 | 47.69 | 23.16 | 138.35 | — | 52.77 | 15.55 | 118.93 | 18.32 |
| — | -36.2% | -24.1% | -13.2% | -41.0% | +23.4% | +26.4% | -13.3% | -63.9% | -72.5% | -49.0% | -86.7% | — | -9.6% | +48.9% | +16.3% | — | +454.2% | +81.2% | +96.0% | -26.8% | |
| P/S Ratio | 1.41 | 1.31 | 1.47 | 1.61 | 1.78 | 2.04 | 1.74 | 1.89 | 1.68 | 1.76 | 1.39 | 1.32 | 1.27 | 1.47 | 1.41 | 1.34 | 1.48 | 1.41 | 1.20 | 1.12 | 1.21 |
| — | -35.7% | -15.2% | -14.7% | +6.0% | +15.7% | +25.4% | +43.8% | +32.9% | +20.0% | -2.0% | -1.5% | -14.5% | +4.0% | +17.7% | +19.3% | +22.3% | +15.1% | -5.2% | -12.0% | +12.9% | |
| P/B Ratio | 4.08 | 3.63 | 4.42 | 4.10 | 4.81 | 5.74 | 5.50 | 5.49 | 5.23 | 5.57 | 4.61 | 4.70 | 4.65 | 4.98 | 4.79 | 4.62 | 4.36 | 3.92 | 3.29 | 2.86 | 3.09 |
| — | -36.8% | -19.7% | -25.4% | -8.0% | +3.2% | +19.2% | +16.7% | +12.4% | +11.9% | -3.7% | +1.9% | +6.7% | +27.0% | +45.6% | +61.5% | +41.2% | +24.6% | -3.1% | -7.1% | +9.3% | |
| P/FCF | 7.18 | 6.76 | 10.98 | 7.08 | 9.96 | 8.18 | 12.15 | 8.19 | 9.54 | 7.26 | 9.93 | 6.05 | 8.65 | 8.72 | 21.57 | 8.89 | 12.86 | 6.88 | 37.81 | 5.82 | 6.33 |
| — | -17.4% | -9.6% | -13.5% | +4.4% | +12.7% | +22.3% | +35.4% | +10.3% | -16.8% | -54.0% | -32.0% | -32.8% | +26.9% | -42.9% | +52.8% | +103.1% | +25.7% | +292.1% | -40.9% | +18.6% | |
| EV / EBITDA | 8.96 | 8.55 | 9.34 | 11.16 | 10.07 | 13.08 | 12.12 | 12.92 | 16.70 | 10.65 | 9.73 | 14.95 | 41.52 | 36.19 | 18.56 | 82.22 | — | 38.32 | 12.50 | 63.23 | 14.57 |
| — | -34.6% | -22.9% | -13.6% | -39.7% | +22.9% | +24.6% | -13.6% | -59.8% | -70.6% | -47.6% | -81.8% | — | -5.6% | +48.5% | +30.0% | — | +385.6% | +73.7% | +733.5% | +161.7% | |
| EV / EBIT | 9.15 | 8.57 | 9.38 | 11.20 | 10.10 | 13.08 | 12.14 | 12.93 | 16.69 | 10.65 | 9.75 | 14.97 | 42.09 | 36.46 | 18.91 | 90.30 | — | 41.03 | 12.89 | 74.66 | 14.90 |
| — | -34.5% | -22.8% | -13.4% | -39.5% | +22.9% | +24.5% | -13.6% | -60.3% | -70.8% | -48.4% | -83.4% | — | -11.1% | +46.7% | +21.0% | — | +414.4% | +76.5% | +870.0% | +164.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.5% | 37.7% | 29.3% | 15.8% | 31.3% | 30.1% | 28.8% | 29.5% | 23.3% | 29.2% | 24.8% | 19.2% | 13.2% | 17.9% | 19.2% | 14.0% | 10.1% | 17.0% | 21.4% | 13.9% | 21.5% |
| — | +25.1% | +1.8% | -46.6% | +34.2% | +3.1% | +16.0% | +53.2% | +76.7% | +63.2% | +29.0% | +37.7% | +31.0% | +5.1% | -10.0% | +0.3% | -53.3% | -43.7% | -32.6% | -55.1% | -51.3% | |
| Operating Margin | 16.2% | 16.1% | 16.2% | 14.8% | 18.1% | 15.9% | 14.6% | 14.9% | 10.3% | 17.1% | 14.8% | 9.1% | 2.8% | 3.9% | 7.6% | 1.1% | -5.5% | 3.3% | 9.6% | 1.2% | 8.4% |
| — | +1.4% | +10.6% | -1.2% | +76.4% | -7.0% | -1.2% | +64.8% | +261.4% | +339.9% | +94.7% | +712.8% | +151.4% | +17.6% | -21.0% | -4.9% | -165.8% | -79.8% | -47.8% | -93.3% | -59.4% | |
| Net Margin | 12.9% | 12.7% | 13.0% | 11.6% | 14.4% | 12.6% | 11.6% | 11.8% | 8.0% | 13.5% | 11.8% | 7.2% | 2.3% | 3.1% | 6.1% | 1.0% | -4.7% | 2.7% | 7.7% | 1.0% | 6.6% |
| — | +1.0% | +11.6% | -1.9% | +79.3% | -7.0% | -1.2% | +64.2% | +257.6% | +331.7% | +91.8% | +642.1% | +147.7% | +18.1% | -20.4% | -2.8% | -171.0% | -79.5% | -47.8% | -92.9% | -59.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 40.4% | 9.0% | 9.0% | 7.7% | 10.3% | 9.4% | 8.9% | 9.2% | 6.5% | 11.1% | 10.6% | 6.6% | 2.1% | 2.7% | 5.4% | 0.8% | -3.3% | 1.8% | 5.2% | 0.6% | 4.3% |
| — | -4.0% | +0.4% | -16.8% | +59.6% | -15.0% | -15.3% | +40.5% | +214.2% | +305.1% | +95.8% | +706.1% | +162.0% | +53.7% | +3.0% | +28.2% | -176.7% | -79.0% | -45.4% | -92.8% | -62.5% | |
| ROA | 9.9% | 2.3% | 2.4% | 2.2% | 2.8% | 2.4% | 2.2% | 2.3% | 1.5% | 2.6% | 2.3% | 1.3% | 0.4% | 0.6% | 1.1% | 0.2% | -0.7% | 0.4% | 1.3% | 0.2% | 1.2% |
| — | -2.8% | +8.0% | -4.0% | +84.2% | -7.3% | -2.0% | +72.8% | +259.3% | +343.7% | +108.3% | +696.5% | +157.2% | +32.8% | -18.2% | +0.4% | -163.2% | -81.1% | -49.5% | -93.4% | -62.3% | |
| ROIC | 30.7% | 6.9% | 7.0% | 6.1% | 8.0% | 7.1% | 6.7% | 6.9% | 4.8% | 7.9% | 7.3% | 4.4% | 1.4% | 1.8% | 3.6% | 0.5% | -2.1% | 1.3% | 3.9% | 0.4% | 3.2% |
| — | -3.1% | +3.7% | -11.4% | +67.5% | -9.9% | -8.3% | +55.2% | +237.6% | +329.6% | +104.4% | +786.2% | +166.4% | +45.4% | -8.4% | +13.4% | -166.6% | -79.4% | -43.3% | -93.1% | -61.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.26 | 0.23 | 0.19 | 0.21 | 0.24 | 0.27 | 0.25 | 0.30 | 0.32 | 0.34 | 0.40 | 0.41 | 0.38 | 0.40 | 0.43 | 0.41 | 0.37 | 0.27 | 0.26 | 0.29 |
| — | +9.9% | -15.6% | -23.3% | -28.4% | -24.6% | -20.7% | -35.9% | -28.4% | -16.6% | -15.5% | -8.4% | +1.0% | +1.1% | +49.6% | +63.8% | +41.2% | +23.8% | -15.2% | -11.5% | -10.7% | |
| Debt / EBITDA | 0.47 | 2.30 | 1.83 | 2.03 | 1.70 | 2.09 | 2.26 | 2.29 | 3.57 | 2.29 | 2.67 | 4.65 | 13.55 | 10.27 | 5.76 | 28.29 | — | 13.42 | 3.78 | 21.47 | 5.00 |
| — | +10.5% | -19.1% | -11.4% | -52.5% | -8.9% | -15.2% | -50.8% | -73.6% | -77.7% | -53.6% | -83.6% | — | -23.5% | +52.2% | +31.7% | — | +383.6% | +53.9% | +699.4% | +117.8% | |
| Current Ratio | 0.59 | 0.25 | 0.59 | 0.45 | 1.50 | 1.46 | 0.37 | 0.26 | 1.57 | 1.57 | — | 1.51 | 1.51 | 11.37 | 11.98 | 11.18 | 10.79 | 9.44 | 9.86 | 9.75 | 9.14 |
| — | -83.1% | +58.1% | +77.3% | -4.8% | -7.5% | — | -83.1% | +4.3% | -86.2% | — | -86.5% | -86.1% | +20.5% | +21.5% | +14.6% | +18.1% | +6.6% | -10.6% | +6.4% | +8.7% | |
| Quick Ratio | 0.59 | 0.25 | 0.59 | 0.45 | 1.50 | 1.46 | 0.37 | 0.26 | 1.57 | 1.57 | — | 1.51 | 1.51 | 11.37 | 11.98 | 11.18 | 10.79 | 9.44 | 9.86 | 9.75 | 9.14 |
| — | -83.1% | +58.1% | +77.3% | -4.8% | -7.5% | — | -83.1% | +4.3% | -86.2% | — | -86.5% | -86.1% | +20.5% | +21.5% | +14.6% | +18.1% | +6.6% | -10.6% | +6.4% | +8.7% | |
| Interest Coverage | 52.16 | 51.94 | 54.36 | 48.47 | 58.71 | 47.23 | 43.46 | 43.13 | 27.96 | 43.00 | 36.92 | 21.23 | 7.63 | 9.76 | 17.25 | 3.26 | -9.09 | 8.19 | 24.33 | 3.56 | 18.72 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PGR stock.
The Progressive Corporation's current P/E is 10.9x. The average P/E over the last 4 quarters is 12.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Progressive Corporation's current operating margin is 16.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Progressive Corporation's business trajectory between earnings reports.