Progressive (PGR) FCF Margin (2012 - 2026)
Progressive's FCF Margin came in at 14.69% for Q2 2026, down 3.20 percentage points from 17.90% a year earlier and down 4.70 percentage points from the prior quarter.
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Analysis
Progressive (PGR) FCF Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Progressive reported FCF Margin of 17.52%, down 2.47 percentage points year-over-year; for FY2025, it was 19.62%, down 0.06 percentage points from FY2024.
- FCF Margin carries a five-year change of +3.95 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 19.68% in FY2024 (+2.95 pp), 16.73% in FY2023 (+3.51 pp), 13.22% in FY2022 (-2.54 pp) and 15.76% in FY2021 (+0.10 pp).
- The five-year range for quarterly FCF Margin is 3.18% (Q4 2021) to 24.91% (Q1 2025).
- Year-over-year, FCF Margin has declined for four consecutive quarters, with an average year-over-year change of -0.91 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in Q1 2024 (a gain of 7.45 percentage points), and the weakest in Q4 2021 (a drop of 9.96 percentage points).
- Business Quant data shows PGR's FCF Margin at 19.40% (Q1 2026), 13.40% (Q4 2025) and 22.78% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.29 Bn | 85.93 Bn | 8.67 Bn | 37.49% |
| 2 | Progressive | 132.20 Bn | 107.72 Bn | 8.29 Bn | 18.98% |
| 3 | Marsh & Mclennan Companies | 96.60 Bn | 88.76 Bn | - | 20.36% |
| 4 | Travelers Companies | 82.11 Bn | 59.60 Bn | 5.93 Bn | 31.15% |
| 5 | Manulife Financial | 75.43 Bn | 8.45 Bn | - | - |
| 6 | Arthur J. Gallagher | 71.09 Bn | 65.68 Bn | - | 32.57% |
| 7 | Aon | 70.49 Bn | 49.69 Bn | - | 26.75% |
| 8 | Metlife | 65.52 Bn | -41.26 Bn | 7.82 Bn | 10.15% |
| 9 | Allstate | 64.49 Bn | 24.33 Bn | 7.41 Bn | 21.45% |
| 10 | Aflac | 62.39 Bn | 38.74 Bn | 1.87 Bn | 36.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.98% |
| Jun 30, 2026 | 14.69% |
| Mar 31, 2026 | 19.40% |
| Dec 31, 2025 | 13.40% |
| Sep 30, 2025 | 22.78% |
| Jun 30, 2025 | 17.90% |
| Mar 31, 2025 | 24.91% |
| Dec 31, 2024 | 14.29% |
| Sep 30, 2024 | 23.08% |
| Jun 30, 2024 | 17.64% |
| Mar 31, 2024 | 24.27% |
| Dec 31, 2023 | 13.94% |
| Sep 30, 2023 | 21.74% |
| Jun 30, 2023 | 14.63% |
| Mar 31, 2023 | 16.82% |
| Dec 31, 2022 | 6.55% |
| Sep 30, 2022 | 15.02% |
| Jun 30, 2022 | 11.51% |
| Mar 31, 2022 | 20.52% |
| Dec 31, 2021 | 3.18% |
API Access
Progressive FCF 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=fcf-margin&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();