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Ratios
Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Progressive (PGR) Gross Margin (2023 - 2026)

Progressive has reported Gross Margin over the past 4 years, most recently at 37.68% for Q1 2026.

  • Quarterly Gross Margin rose 42.0% to 37.68% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 36.14% through Mar 2026, up 171.0% year-over-year, with the annual reading at 38.45% for FY2025, 354.0% up from the prior year.
  • Gross Margin was 37.68% for Q1 2026 at Progressive, down from 37.99% in the prior quarter.
  • Over five years, Gross Margin peaked at 37.99% in Q4 2025 and troughed at 14.68% in Q4 2023.
  • The 4-year median for Gross Margin is 34.26% (2025), against an average of 31.26%.
  • Year-over-year, Gross Margin skyrocketed 2128bps in 2024 and then plummeted -105bps in 2025.
  • A 4-year view of Gross Margin shows it stood at 14.68% in 2023, then skyrocketed by 145bps to 35.97% in 2024, then increased by 6bps to 37.99% in 2025, then dropped by -1bps to 37.68% in 2026.
  • Per Business Quant, the three most recent readings for PGR's Gross Margin are 37.68% (Q1 2026), 37.99% (Q4 2025), and 35.51% (Q3 2025).