Progressive (PGR) EBITDA Margin (2012 - 2026)
Progressive's EBITDA Margin was -43.55% in Q2 2026, down 0.17 percentage points from -43.37% a year earlier but up 2.36 percentage points from the prior quarter.
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Analysis
Progressive (PGR) EBITDA Margin (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, Progressive's EBITDA Margin was -44.86% through Jun 30, 2026, up 1.83 percentage points year-over-year; for FY2025, it came in at -44.97%, up 5.53 percentage points from FY2024.
- EBITDA Margin has now increased for three consecutive years, though with a five-year change of -63.07 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was -50.50% in FY2024 (+14.63 pp), -65.13% in FY2023 (+9.18 pp), -74.31% in FY2022 (-84.30 pp) and 9.99% in FY2021 (-8.11 pp).
- Quarterly EBITDA Margin has moved between -75.94% (Q2 2023) and 10.77% (Q4 2021) over five years.
- Compared with a year earlier, EBITDA Margin was higher in six of the last eight quarters, with an average year-over-year change of +5.22 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q2 2024 (a gain of 17.11 percentage points); the worst was Q2 2023 (a drop of 71.69 percentage points).
- Per Business Quant data, PGR's EBITDA Margin in the three quarters before Q2 2026 was -45.91% (Q1 2026), -45.46% (Q4 2025) and -44.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 137.91 Bn | 84.49 Bn | 9.13 Bn | - |
| 2 | Progressive | 129.10 Bn | 104.94 Bn | 9.04 Bn | -43.55% |
| 3 | Marsh & Mclennan Companies | 90.59 Bn | 82.75 Bn | - | 21.07% |
| 4 | Travelers Companies | 83.63 Bn | 59.88 Bn | 6.23 Bn | -9.87% |
| 5 | Manulife Financial | 77.07 Bn | -17.81 Bn | - | - |
| 6 | Arthur J. Gallagher | 66.18 Bn | 60.59 Bn | - | 23.56% |
| 7 | Metlife | 65.65 Bn | -41.13 Bn | 7.82 Bn | - |
| 8 | Allstate | 64.02 Bn | 25.29 Bn | 8.73 Bn | -30.30% |
| 9 | Aon | 62.98 Bn | 56.19 Bn | - | 26.80% |
| 10 | Aflac | 60.74 Bn | 35.95 Bn | 2.27 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -43.55% |
| Mar 31, 2026 | -45.91% |
| Dec 31, 2025 | -45.46% |
| Sep 30, 2025 | -44.60% |
| Jun 30, 2025 | -43.37% |
| Mar 31, 2025 | -46.54% |
| Dec 31, 2024 | -49.02% |
| Sep 30, 2024 | -48.15% |
| Jun 30, 2024 | -58.82% |
| Mar 31, 2024 | -46.18% |
| Dec 31, 2023 | -52.65% |
| Sep 30, 2023 | -63.64% |
| Jun 30, 2023 | -75.94% |
| Mar 31, 2023 | 4.83% |
| Dec 31, 2022 | 8.71% |
| Sep 30, 2022 | 2.26% |
| Jun 30, 2022 | -4.24% |
| Mar 31, 2022 | 4.48% |
| Dec 31, 2021 | 10.77% |
| Sep 30, 2021 | 2.38% |
API Access
Progressive EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "PGR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();