Growth Metrics

Progressive (PGR) FCF Margin (2016 - 2026)

Progressive has reported FCF Margin over the past 15 years, most recently at 19.4% for Q1 2026.

  • Quarterly FCF Margin fell 551.0% to 19.4% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 19.07% through Mar 2026, down 120.0% year-over-year, with the annual reading at 19.62% for FY2025, 6.0% down from the prior year.
  • FCF Margin was 19.4% for Q1 2026 at Progressive, up from 13.4% in the prior quarter.
  • Over five years, FCF Margin peaked at 25.91% in Q1 2024 and troughed at 6.55% in Q4 2022.
  • The 5-year median for FCF Margin is 18.59% (2024), against an average of 18.11%.
  • Year-over-year, FCF Margin tumbled -761bps in 2022 and then skyrocketed 1096bps in 2023.
  • A 5-year view of FCF Margin shows it stood at 6.55% in 2022, then skyrocketed by 167bps to 17.51% in 2023, then dropped by -18bps to 14.29% in 2024, then fell by -6bps to 13.4% in 2025, then surged by 45bps to 19.4% in 2026.
  • Per Business Quant, the three most recent readings for PGR's FCF Margin are 19.4% (Q1 2026), 13.4% (Q4 2025), and 24.6% (Q3 2025).