Progressive Free Cash Flow vs Payout Ratio Analysis

PGR Stock

USD 206.59 2.69 1.32%

Progressive Corp financial indicator trend analysis is much more than just breaking down Progressive Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Progressive Corp is a good investment. Please check the relationship between Progressive Corp Free Cash Flow and its Payout Ratio accounts. 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.

Free Cash Flow vs Payout Ratio

Free Cash Flow vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Progressive Corp Free Cash Flow account and Payout Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Progressive Corp's Free Cash Flow and Payout Ratio is -0.17. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Progressive Corp, assuming nothing else is changed. The correlation between historical values of Progressive Corp's Free Cash Flow and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Progressive Corp are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Free Cash Flow i.e., Progressive Corp's Free Cash Flow and Payout Ratio go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Payout Ratio

Payout Ratio is the proportion of Progressive Corp earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Progressive Corp dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Progressive Corp is paying out more in dividends than it makes in net income.

Most indicators from Progressive Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Selling General Administrative is relatively stable compared to the past year. As of 04/16/2024, Tax Provision is likely to grow to about 794.6 M, while Sales General And Administrative To Revenue is likely to drop 0.

	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

Total Revenue Interest Expense

Progressive Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Total Current Assets	Cash	Cash And Short Term Investments	Short Term Investments	Common Stock	Other Current Liab	Total Current Liabilities	Common Stock Total Equity	Property Plant And Equipment Gross	Other Liab	Accounts Payable	Long Term Debt
Total Assets		0.98	0.99	0.98	0.99	-0.51	0.95	0.94	1.0	0.47	0.98	-0.12	-0.39	0.98	0.62	0.1	0.86	0.38	0.31	0.14	0.54	0.37	0.55	-0.4	0.96	0.98
Short Long Term Debt Total	0.98		0.97	1.0	0.97	-0.51	0.92	0.94	0.99	0.48	0.96	-0.15	-0.27	0.96	0.52	0.11	0.79	0.28	0.33	0.2	0.58	0.38	0.55	-0.37	0.93	1.0
Total Stockholder Equity	0.99	0.97		0.96	0.99	-0.52	0.94	0.94	0.99	0.48	0.97	-0.11	-0.46	0.97	0.68	0.09	0.87	0.43	0.33	0.1	0.51	0.39	0.55	-0.36	0.95	0.97
Net Debt	0.98	1.0	0.96		0.97	-0.51	0.91	0.94	0.98	0.48	0.96	-0.16	-0.26	0.96	0.51	0.1	0.8	0.27	0.33	0.22	0.58	0.39	0.55	-0.38	0.93	1.0
Retained Earnings	0.99	0.97	0.99	0.97		-0.41	0.97	0.9	0.99	0.37	0.97	-0.16	-0.39	0.99	0.62	0.04	0.84	0.31	0.22	0.15	0.46	0.29	0.46	-0.38	0.95	0.98
Common Stock Shares Outstanding	-0.51	-0.51	-0.52	-0.51	-0.41		-0.28	-0.76	-0.51	-0.97	-0.49	0.0	0.2	-0.4	-0.34	-0.54	-0.39	-0.52	-0.94	-0.1	-0.76	-0.94	-0.96	0.19	-0.44	-0.46
Non Current Liabilities Total	0.95	0.92	0.94	0.91	0.97	-0.28		0.81	0.94	0.26	0.91	-0.2	-0.47	0.98	0.67	0.01	0.78	0.25	0.11	0.12	0.29	0.17	0.34	-0.28	0.91	0.93
Other Stockholder Equity	0.94	0.94	0.94	0.94	0.9	-0.76	0.81		0.94	0.7	0.91	-0.15	-0.3	0.89	0.55	0.28	0.78	0.41	0.59	0.21	0.67	0.63	0.75	-0.38	0.87	0.92
Total Liab	1.0	0.99	0.99	0.98	0.99	-0.51	0.94	0.94		0.47	0.98	-0.12	-0.36	0.98	0.6	0.11	0.85	0.36	0.31	0.16	0.55	0.37	0.55	-0.41	0.96	0.98
Property Plant And Equipment Net	0.47	0.48	0.48	0.48	0.37	-0.97	0.26	0.7	0.47		0.47	0.09	-0.28	0.37	0.39	0.62	0.3	0.58	0.93	-0.04	0.77	0.91	0.97	-0.15	0.45	0.44
Non Current Assets Total	0.98	0.96	0.97	0.96	0.97	-0.49	0.91	0.91	0.98	0.47		0.08	-0.4	0.95	0.6	0.11	0.85	0.45	0.26	0.07	0.58	0.32	0.54	-0.44	0.96	0.97
Non Currrent Assets Other	-0.12	-0.15	-0.11	-0.16	-0.16	0.0	-0.2	-0.15	-0.12	0.09	0.08		-0.26	-0.17	0.04	0.14	-0.03	0.56	-0.15	-0.53	0.18	-0.19	0.05	-0.13	0.01	-0.13
Other Assets	-0.39	-0.27	-0.46	-0.26	-0.39	0.2	-0.47	-0.3	-0.36	-0.28	-0.4	-0.26		-0.41	-0.94	-0.08	-0.38	-0.76	-0.15	0.6	0.07	-0.13	-0.25	-0.2	-0.46	-0.29
Net Receivables	0.98	0.96	0.97	0.96	0.99	-0.4	0.98	0.89	0.98	0.37	0.95	-0.17	-0.41		0.64	0.08	0.79	0.3	0.21	0.14	0.43	0.27	0.44	-0.36	0.94	0.97
Total Current Assets	0.62	0.52	0.68	0.51	0.62	-0.34	0.67	0.55	0.6	0.39	0.6	0.04	-0.94	0.64		0.09	0.57	0.73	0.28	-0.45	0.1	0.28	0.39	0.08	0.67	0.53
Cash	0.1	0.11	0.09	0.1	0.04	-0.54	0.01	0.28	0.11	0.62	0.11	0.14	-0.08	0.08	0.09		-0.11	0.21	0.54	0.19	0.32	0.49	0.55	0.13	0.07	0.08
Cash And Short Term Investments	0.86	0.79	0.87	0.8	0.84	-0.39	0.78	0.78	0.85	0.3	0.85	-0.03	-0.38	0.79	0.57	-0.11		0.44	0.18	0.11	0.41	0.26	0.43	-0.34	0.82	0.8
Short Term Investments	0.38	0.28	0.43	0.27	0.31	-0.52	0.25	0.41	0.36	0.58	0.45	0.56	-0.76	0.3	0.73	0.21	0.44		0.4	-0.64	0.39	0.36	0.54	-0.08	0.47	0.28
Common Stock	0.31	0.33	0.33	0.33	0.22	-0.94	0.11	0.59	0.31	0.93	0.26	-0.15	-0.15	0.21	0.28	0.54	0.18	0.4		0.07	0.64	0.99	0.9	0.01	0.25	0.28
Other Current Liab	0.14	0.2	0.1	0.22	0.15	-0.1	0.12	0.21	0.16	-0.04	0.07	-0.53	0.6	0.14	-0.45	0.19	0.11	-0.64	0.07		0.09	0.13	0.05	-0.25	-0.09	0.18
Total Current Liabilities	0.54	0.58	0.51	0.58	0.46	-0.76	0.29	0.67	0.55	0.77	0.58	0.18	0.07	0.43	0.1	0.32	0.41	0.39	0.64	0.09		0.69	0.82	-0.49	0.51	0.55
Common Stock Total Equity	0.37	0.38	0.39	0.39	0.29	-0.94	0.17	0.63	0.37	0.91	0.32	-0.19	-0.13	0.27	0.28	0.49	0.26	0.36	0.99	0.13	0.69		0.92	-0.02	0.3	0.33
Property Plant And Equipment Gross	0.55	0.55	0.55	0.55	0.46	-0.96	0.34	0.75	0.55	0.97	0.54	0.05	-0.25	0.44	0.39	0.55	0.43	0.54	0.9	0.05	0.82	0.92		-0.19	0.52	0.52
Other Liab	-0.4	-0.37	-0.36	-0.38	-0.38	0.19	-0.28	-0.38	-0.41	-0.15	-0.44	-0.13	-0.2	-0.36	0.08	0.13	-0.34	-0.08	0.01	-0.25	-0.49	-0.02	-0.19		-0.35	-0.38
Accounts Payable	0.96	0.93	0.95	0.93	0.95	-0.44	0.91	0.87	0.96	0.45	0.96	0.01	-0.46	0.94	0.67	0.07	0.82	0.47	0.25	-0.09	0.51	0.3	0.52	-0.35		0.94
Long Term Debt	0.98	1.0	0.97	1.0	0.98	-0.46	0.93	0.92	0.98	0.44	0.97	-0.13	-0.29	0.97	0.53	0.08	0.8	0.28	0.28	0.18	0.55	0.33	0.52	-0.38	0.94

Click cells to compare fundamentals

Progressive Corp Account Relationship Matchups

Progressive Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	54.9B	64.1B	71.1B	70.2B	84.3B	88.5B
Short Long Term Debt Total	4.4B	5.4B	4.9B	6.5B	7.1B	7.4B
Total Stockholder Equity	13.7B	17.0B	18.2B	15.9B	20.3B	21.3B
Net Debt	4.2B	5.3B	4.7B	6.3B	7.0B	7.3B
Retained Earnings	10.7B	13.4B	15.3B	15.7B	18.8B	19.7B
Common Stock Shares Outstanding	586.7M	587.2M	587.6M	587.1M	587.5M	620.5M
Liabilities And Stockholders Equity	54.9B	64.1B	71.1B	70.2B	84.3B	88.5B
Non Current Liabilities Total	21.6B	24.1B	27.4B	29.8B	34.4B	36.2B
Other Stockholder Equity	1.6B	1.7B	1.8B	1.9B	2.0B	2.1B
Total Liab	41.2B	47.1B	52.9B	54.3B	64.0B	67.3B
Property Plant And Equipment Net	1.2B	1.1B	1.1B	1.2B	1.1B	780.9M
Non Current Assets Total	41.1B	49.3B	53.2B	50.6B	60.5B	63.5B
Non Currrent Assets Other	(70.3M)	(86.9M)	(65.1)	(6.7B)	(8.7B)	(9.2B)
Other Assets	(32.0B)	(39.4B)	(41.3B)	1.0	0.9	0.95
Net Receivables	10.9B	12.2B	14.4B	16.2B	17.1B	17.9B
Total Current Assets	45.8B	54.2B	59.2B	19.7B	23.9B	25.0B
Cash	226.2M	76.5M	187.1M	220.9M	99.6M	92.9M
Cash And Short Term Investments	35.1B	42.1B	45.0B	9.0B	62.3B	65.4B
Short Term Investments	34.9B	42.0B	44.8B	8.7B	11.4B	10.2B
Accumulated Other Comprehensive Income	341.7M	931.7M	40.7M	(2.8B)	(1.6B)	(1.5B)
Common Stock	584.6M	585.2M	584.4M	584.9M	585.3M	446.3M
Other Current Liab	(6.5B)	(5.0B)	(6.0B)	19.0B	29.6B	31.1B
Total Current Liabilities	16.3B	19.6B	21.2B	24.5B	29.6B	15.1B
Common Stock Total Equity	583.2M	584.6M	585.2M	584.4M	672.1M	445.3M
Property Plant And Equipment Gross	1.1B	1.1B	1.2B	1.1B	1.3B	834.7M
Other Liab	5.9M	9.5B	8.0B	297.8M	268.0M	254.6M
Accounts Payable	6.0B	5.0B	6.0B	5.5B	6.4B	6.7B
Long Term Debt	4.4B	5.4B	4.9B	6.4B	6.9B	7.2B
Property Plant Equipment	1.2B	1.1B	1.3B	1.2B	1.3B	1.0B
Retained Earnings Total Equity	8.4B	10.7B	13.4B	15.3B	17.6B	18.5B
Inventory	(9.9B)	(19.5B)	(16.4B)	(25.2B)	(79.3B)	(75.3B)
Intangible Assets	228.3M	171.4M	117.3M	314.2M	361.3M	227.0M
Net Tangible Assets	12.7B	15.9B	17.7B	15.1B	17.3B	10.6B
Long Term Debt Total	4.4B	5.4B	4.9B	6.4B	7.3B	3.8B
Capital Surpluse	1.6B	1.7B	1.8B	1.9B	2.2B	1.5B
Long Term Investments	39.4B	47.7B	51.5B	53.5B	66.0B	69.3B
Non Current Liabilities Other	26.1B	30.5B	34.0B	41.9B	48.2B	50.6B
Other Current Assets	9.7B	19.4B	16.3B	19.7B	23.9B	25.0B

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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:

How To Invest In Progressive

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Is Progressive Stock a good investment?

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What is Progressive Corp's Net Worth?

Details

Largest Property & Casualty Insurance Companies

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Largest Insurance - Property & Casualty Companies

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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 Valuation module to check real value of public entities based on technical and fundamental data.

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

6.59

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.

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Progressive Free Cash Flow vs Payout Ratio Analysis

Free Cash Flow vs Payout Ratio

Free Cash Flow vs Payout Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow

Payout Ratio

Progressive Corp fundamental ratios Correlations

Progressive Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Progressive Corp fundamental ratios Accounts

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Build Optimal Portfolios

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Net Debt
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets

Property Plant And Equipment Net	- 0.97	Common Stock Shares Outstanding
Property Plant And Equipment Gross	- 0.96	Common Stock Shares Outstanding
Total Current Assets	- 0.94	Other Assets
Common Stock Total Equity	- 0.94	Common Stock Shares Outstanding
Common Stock	- 0.94	Common Stock Shares Outstanding
Short Term Investments	- 0.76	Other Assets