Progressive Historical Income Statement

PGR Stock  USD 206.15  1.50  0.73%   
Historical analysis of Progressive Corp income statement accounts such as EBIT of 0.0, Ebitda of 284.7 M, Total Operating Expenses of 11.8 B or Net Income of 4.1 B can show how well Progressive Corp performed in making a profits. Evaluating Progressive Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Progressive Corp's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Progressive Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Progressive Corp is a good buy for the upcoming year.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.

About Progressive Income Statement Analysis

Progressive Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Progressive Corp shareholders. The income statement also shows Progressive investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Progressive Corp Income Statement Chart

Progressive Corp Income Statement is one of the three primary financial statements used for reporting Progressive's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Progressive Corp revenue and expense. Progressive Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Progressive Corp's Income Before Tax is relatively stable compared to the past year. As of 03/28/2024, Total Other Income Expense Net is likely to grow to about 5.1 B, while EBIT is likely to drop 0.00.

Total Revenue

Total revenue comprises all receipts Progressive Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Progressive Corp minus its cost of goods sold. It is profit before Progressive Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Progressive Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Progressive Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Progressive Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Progressive Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.At this time, Progressive Corp's Income Before Tax is relatively stable compared to the past year. As of 03/28/2024, Total Other Income Expense Net is likely to grow to about 5.1 B, while EBIT is likely to drop 0.00.
 2021 2022 2023 2024 (projected)
Total Revenue47.7B49.6B62.1B65.2B
Interest Expense218.6M243.5M268.4M281.8M

Progressive Corp income statement Correlations

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-0.26-0.35-0.35-0.890.630.62-0.43-0.21-0.180.25-0.21-0.9-0.2-0.130.08-0.020.01-0.240.41-0.060.86
0.660.740.74-0.89-0.38-0.350.110.540.470.180.530.990.61-0.140.21-0.340.150.59-0.750.47-0.95
0.150.090.090.63-0.381.0-0.50.580.610.540.58-0.420.26-0.310.79-0.320.730.110.00.320.44
0.20.140.140.62-0.351.0-0.520.60.630.580.61-0.390.31-0.330.81-0.360.730.15-0.040.360.41
-0.39-0.41-0.41-0.430.11-0.5-0.52-0.38-0.31-0.62-0.380.13-0.52-0.02-0.510.33-0.41-0.590.51-0.77-0.15
0.710.730.73-0.210.540.580.6-0.380.950.661.00.50.78-0.360.92-0.60.810.64-0.670.73-0.43
0.640.630.63-0.180.470.610.63-0.310.950.550.960.430.65-0.480.87-0.490.850.5-0.540.6-0.37
0.770.750.750.250.180.540.58-0.620.660.550.640.150.85-0.480.65-0.850.320.79-0.660.77-0.04
0.690.710.71-0.210.530.580.61-0.381.00.960.640.490.76-0.350.92-0.580.830.62-0.650.71-0.42
0.620.710.71-0.90.99-0.42-0.390.130.50.430.150.490.58-0.090.18-0.320.120.57-0.730.45-0.94
0.890.950.95-0.20.610.260.31-0.520.780.650.850.760.58-0.330.64-0.850.370.88-0.910.9-0.53
-0.62-0.47-0.47-0.13-0.14-0.31-0.33-0.02-0.36-0.48-0.48-0.35-0.09-0.33-0.190.38-0.07-0.230.22-0.230.1
0.470.50.50.080.210.790.81-0.510.920.870.650.920.180.64-0.19-0.520.90.52-0.460.63-0.09
-0.72-0.73-0.73-0.02-0.34-0.32-0.360.33-0.6-0.49-0.85-0.58-0.32-0.850.38-0.52-0.2-0.630.62-0.630.27
0.240.260.260.010.150.730.73-0.410.810.850.320.830.120.37-0.070.9-0.20.24-0.260.43-0.09
0.840.880.88-0.240.590.110.15-0.590.640.50.790.620.570.88-0.230.52-0.630.24-0.920.88-0.43
-0.9-0.95-0.950.41-0.750.0-0.040.51-0.67-0.54-0.66-0.65-0.73-0.910.22-0.460.62-0.26-0.92-0.920.69
0.830.870.87-0.060.470.320.36-0.770.730.60.770.710.450.9-0.230.63-0.630.430.88-0.92-0.43
-0.59-0.66-0.660.86-0.950.440.41-0.15-0.43-0.37-0.04-0.42-0.94-0.530.1-0.090.27-0.09-0.430.69-0.43
Click cells to compare fundamentals

Progressive Corp Account Relationship Matchups

Progressive Corp income statement Accounts

201920202021202220232024 (projected)
Interest Expense189.7M217M218.6M243.5M268.4M281.8M
Total Revenue39.0B42.6B47.7B49.6B62.1B65.2B
Gross Profit39.0B42.6B47.7B49.6B62.1B65.2B
Other Operating Expenses33.8B35.5B43.5B48.7B(56.9B)(54.1B)
Operating Income5.0B6.9B4.2B1.2B50.8B53.4B
Ebit3.3B5.0B6.9B4.2B1.2B0.0
Ebitda5.3B7.3B4.5B1.5B299.7M284.7M
Total Operating Expenses(34.0B)(35.7B)(43.5B)(48.4B)11.3B11.8B
Net Income4.0B5.7B3.4B721.5M3.9B4.1B
Income Tax Expense1.2B1.5B859.1M200.6M1.0B1.1B
Depreciation And Amortization306.1M331.8M337.4M336.6M299.7M170.5M
Income Before Tax5.2B7.2B4.2B922.1M4.9B5.1B
Total Other Income Expense Net204.7M226.4M691.8M(243.5M)4.9B5.1B
Cost Of Revenue5.1M5.5M7.2M6.87.6M7.2M
Net Income Applicable To Common Shares3.9B5.7B3.3B694.6M798.8M758.9M
Net Income From Continuing Ops4.0B5.7B3.4B721.5M2.7B2.2B
Tax Provision1.2B1.5B859.1M200.6M684.6M794.6M
Interest Income189.7M217M218.6M243.5M280.0M201.5M
Net Interest Income(189.7M)(217M)(218.6M)(243.5M)(261.8M)(274.9M)
Reconciled Depreciation306.1M331.8M337.4M336.6M307M332.7M

Progressive Corp Investors Sentiment

The influence of Progressive Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Progressive. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Progressive Corp's public news can be used to forecast risks associated with an investment in Progressive. The trend in average sentiment can be used to explain how an investor holding Progressive can time the market purely based on public headlines and social activities around Progressive Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Progressive Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progressive Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Progressive Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Progressive Corp.

Progressive Corp Implied Volatility

    
  37.48  
Progressive Corp's implied volatility exposes the market's sentiment of Progressive Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Progressive Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Progressive Corp stock will not fluctuate a lot when Progressive Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Progressive Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Progressive Corp's short interest history, or implied volatility extrapolated from Progressive Corp options trading.

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When determining whether Progressive Corp is a strong investment it is important to analyze Progressive Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Progressive Corp's future performance. For an informed investment choice regarding Progressive Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.
Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.424
Dividend Share
1.15
Earnings Share
6.59
Revenue Per Share
106.142
Quarterly Revenue Growth
0.254
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.