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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 - 2025)

Progressive (PGR) has disclosed Gross Margin for 3 consecutive years, with 23.34% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin fell 1263.0% to 23.34% in Q4 2025 year-over-year; TTM through Dec 2025 was 33.92%, a 99.0% decrease, with the full-year FY2025 number at 33.92%, down 99.0% from a year prior.
  • Gross Margin was 23.34% for Q4 2025 at Progressive, down from 35.51% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 40.86% in Q2 2025 to a low of 14.68% in Q4 2023.
  • A 3-year average of 31.47% and a median of 34.77% in 2025 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: soared 2129bps in 2024, then plummeted -1263bps in 2025.
  • Progressive's Gross Margin stood at 14.68% in 2023, then skyrocketed by 145bps to 35.97% in 2024, then plummeted by -35bps to 23.34% in 2025.
  • Per Business Quant, the three most recent readings for PGR's Gross Margin are 23.34% (Q4 2025), 35.51% (Q3 2025), and 40.86% (Q2 2025).