Progressive Historical Income Statement
PGR Stock | USD 213.00 1.69 0.79% |
Historical analysis of Progressive Corp income statement accounts such as Operating Income of 53.4 B, Ebit of 0.0, EBITDA of 284.7 M or Total Operating Expenses of 11.8 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.
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.
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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 Tax Expense is relatively stable compared to the past year. As of 04/22/2024, Income Before Tax is likely to grow to about 5.1 B, while EBITDA is likely to drop slightly above 284.7 M. Add Fundamental
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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Progressive Corp. It is also known as Progressive Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.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 Tax Expense is relatively stable compared to the past year. As of 04/22/2024, Income Before Tax is likely to grow to about 5.1 B, while EBITDA is likely to drop slightly above 284.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 47.7B | 49.6B | 62.1B | 65.2B | Interest Expense | 218.6M | 243.5M | 268.4M | 281.8M |
Progressive Corp income statement Correlations
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Progressive Corp Account Relationship Matchups
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Progressive Corp income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 189.7M | 217M | 218.6M | 243.5M | 268.4M | 281.8M | |
Total Revenue | 39.0B | 42.6B | 47.7B | 49.6B | 62.1B | 65.2B | |
Gross Profit | 39.0B | 42.6B | 47.7B | 49.6B | 62.1B | 65.2B | |
Other Operating Expenses | 33.8B | 35.5B | 43.5B | 48.7B | 56.9B | 59.8B | |
Operating Income | 5.0B | 6.9B | 4.2B | 1.2B | 50.8B | 53.4B | |
Ebit | 3.3B | 5.0B | 6.9B | 4.2B | 1.2B | 0.0 | |
Ebitda | 5.3B | 7.3B | 4.5B | 1.5B | 299.7M | 284.7M | |
Total Operating Expenses | (34.0B) | (35.7B) | (43.5B) | (48.4B) | 11.3B | 11.8B | |
Net Income | 4.0B | 5.7B | 3.4B | 721.5M | 3.9B | 4.1B | |
Income Tax Expense | 1.2B | 1.5B | 859.1M | 200.6M | 1.0B | 1.1B | |
Depreciation And Amortization | 306.1M | 331.8M | 337.4M | 336.6M | 299.7M | 170.5M | |
Income Before Tax | 5.2B | 7.2B | 4.2B | 922.1M | 4.9B | 5.1B | |
Total Other Income Expense Net | 204.7M | 226.4M | 691.8M | (243.5M) | 4.9B | 5.1B | |
Cost Of Revenue | 5.1M | 5.5M | 7.2M | 6.8 | 7.6M | 7.2M | |
Net Income Applicable To Common Shares | 3.9B | 5.7B | 3.3B | 694.6M | 798.8M | 758.9M | |
Net Income From Continuing Ops | 4.0B | 5.7B | 3.4B | 721.5M | 2.7B | 2.2B | |
Tax Provision | 1.2B | 1.5B | 859.1M | 200.6M | 684.6M | 794.6M | |
Interest Income | 189.7M | 217M | 218.6M | 243.5M | 280.0M | 201.5M | |
Net Interest Income | (189.7M) | (217M) | (218.6M) | (243.5M) | (261.8M) | (274.9M) | |
Reconciled Depreciation | 306.1M | 331.8M | 337.4M | 336.6M | 307M | 332.7M |
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 | 24.1 |
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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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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Progressive Stock analysis
When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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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 4.253 | Dividend Share 1.15 | Earnings Share 9.77 | Revenue Per Share 111.143 | Quarterly Revenue Growth 0.206 |
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.