Progressive Operating Income vs Gross Profit Analysis
PGR Stock | USD 209.75 0.63 0.30% |
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 Operating Income and its Gross Profit 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.
Operating Income vs Gross Profit
Operating Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Progressive Corp Operating Income account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.
The correlation between Progressive Corp's Operating Income and Gross Profit is 0.74. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit 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 Operating Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Progressive Corp are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., Progressive Corp's Operating Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.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.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 04/18/2024, 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 |
Progressive Corp fundamental ratios Correlations
Click cells to compare fundamentals
Progressive Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Progressive Corp using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing 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.
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Content Syndication Quickly integrate customizable finance content to your own investment portal |
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.