Progress Corp Oh Financials

PGR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 72/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Progress Corp Oh's revenue surged 21.4% year-over-year to $75.4B, reflecting rapid business expansion. This strong growth earns a score of 90/100.

Leverage

Progress Corp Oh has elevated debt relative to equity (D/E of 3.13), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Progress Corp Oh converts 19.7% of revenue into free cash flow ($14.8B). This strong cash generation earns a score of 98/100.

Returns

100

Progress Corp Oh earns a strong 33.1% return on equity (ROE), meaning it generates $33 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 19.3% the prior year.

Piotroski F-Score Neutral

5/9

Progress Corp Oh passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.78x

For every $1 of reported earnings, Progress Corp Oh generates $1.78 in operating cash flow ($15.1B OCF vs $8.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Progress Corp Oh (PGR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$75.4B

YoY+21.4%

5Y CAGR+14.1%

10Y CAGR+14.5%

Progress Corp Oh generated $75.4B in revenue in fiscal year 2024. This represents an increase of 21.4% from the prior year.

EBITDA

N/A

Free Cash Flow

$14.8B

YoY+42.8%

5Y CAGR+20.3%

10Y CAGR+24.8%

Progress Corp Oh generated $14.8B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 42.8% from the prior year.

Net Income

$8.5B

YoY+117.3%

5Y CAGR+16.4%

10Y CAGR+20.8%

Progress Corp Oh reported $8.5B in net income in fiscal year 2024. This represents an increase of 117.3% from the prior year.

EPS (Diluted)

$14.40

YoY+118.8%

5Y CAGR+16.5%

10Y CAGR+20.9%

Progress Corp Oh earned $14.40 per diluted share (EPS) in fiscal year 2024. This represents an increase of 118.8% from the prior year.

Cash & Debt

$154.0M

YoY+54.0%

5Y CAGR-7.5%

10Y CAGR+3.6%

Progress Corp Oh held $154.0M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$4.90

YoY+326.1%

5Y CAGR+13.1%

Progress Corp Oh paid $4.90 per share in dividends in fiscal year 2024. This represents an increase of 326.1% from the prior year.

Shares Outstanding

586M

YoY+0.1%

5Y CAGR+0.0%

10Y CAGR-0.0%

Progress Corp Oh had 586M shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

11.3%

YoY+5.0pp

5Y CAGR+1.1pp

10Y CAGR+4.6pp

Progress Corp Oh's net profit margin was 11.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 5.0 percentage points from the prior year.

Return on Equity

33.1%

YoY+13.9pp

5Y CAGR+4.1pp

10Y CAGR+14.6pp

Progress Corp Oh's ROE was 33.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 13.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$285.0M

YoY+13.1%

5Y CAGR-4.7%

10Y CAGR+10.2%

Progress Corp Oh invested $285.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 13.1% from the prior year.

PGR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$75.4B+21.4%	$62.1B+25.2%	$49.6B+4.0%	$47.7B+11.8%	$42.7B+9.3%	$39.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$279.0M+4.1%	$268.0M+9.8%	$244.0M+11.6%	$218.6M+0.7%	$217.0M+14.4%	$189.7M
Income Tax	$2.2B+123.1%	$1.0B+400.5%	$200.0M-76.7%	$859.1M-41.5%	$1.5B+24.4%	$1.2B
Net Income	$8.5B+117.3%	$3.9B+440.6%	$722.0M-78.5%	$3.4B-41.3%	$5.7B+43.7%	$4.0B
EPS (Diluted)	$14.40+118.8%	$6.58+457.6%	$1.18-79.2%	$5.66-41.4%	$9.66+43.8%	$6.72

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$22.5B+2.3%	$22.0B+7.8%	$20.4B+0.7%	$20.3B+11.8%	$18.1B+5.2%	$17.2B+2.1%	$16.9B+8.6%	$15.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$70.0M+1.4%	$69.0M-1.4%	$70.0M0.0%	$70.0M+1.4%	$69.0M-1.4%	$70.0M+1.0%	$69.3M-0.6%	$69.7M
Income Tax	$708.0M-12.3%	$807.0M+20.6%	$669.0M+9.5%	$611.0M+52.4%	$401.0M-34.2%	$609.0M+18.2%	$515.3M+78.4%	$288.9M
Net Income	$2.6B-17.6%	$3.2B+23.7%	$2.6B+9.0%	$2.4B+61.5%	$1.5B-37.4%	$2.3B+17.2%	$2.0B+77.3%	$1.1B
EPS (Diluted)	$4.45-17.6%	$5.40+23.6%	$4.37+9.0%	$4.01+61.7%	$2.48-37.1%	$3.94+16.9%	$3.37+78.3%	$1.89

PGR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$105.7B+19.2%	$88.7B+17.5%	$75.5B+6.1%	$71.1B+11.0%	$64.1B+16.7%	$54.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$154.0M+54.0%	$100.0M-54.8%	$221.0M+9.4%	$202.0M+164.1%	$76.5M-66.4%	$227.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$228.0M0.0%	$228.0M0.0%	$227.9M-49.7%	$452.7M0.0%	$452.7M0.0%	$452.7M
Total Liabilities	$80.2B+17.2%	$68.4B+14.8%	$59.6B+12.6%	$52.9B+12.4%	$47.1B+14.7%	$41.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$25.6B+26.2%	$20.3B+27.6%	$15.9B-12.8%	$18.2B+7.0%	$17.0B+24.6%	$13.7B
Retained Earnings	$24.3B+29.2%	$18.8B+19.6%	$15.7B+2.5%	$15.3B+14.9%	$13.4B+25.1%	$10.7B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$121.5B+5.2%	$115.5B+3.7%	$111.4B+5.4%	$105.7B+8.0%	$97.9B+4.0%	$94.1B+6.1%	$88.7B+3.5%	$85.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$185.0M+37.0%	$135.0M-34.8%	$207.0M+34.4%	$154.0M+51.0%	$102.0M-39.3%	$168.0M+68.0%	$100.0M-27.7%	$138.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	$228.0M	N/A	N/A	$228.0M0.0%	$227.9M
Total Liabilities	$86.1B+3.9%	$82.9B+0.5%	$82.5B+2.9%	$80.2B+7.5%	$74.6B+3.1%	$72.3B+5.7%	$68.4B+0.2%	$68.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$35.4B+8.7%	$32.6B+12.6%	$29.0B+13.1%	$25.6B+9.6%	$23.3B+7.0%	$21.8B+7.6%	$20.3B+16.6%	$17.4B
Retained Earnings	$32.4B+8.4%	$29.9B+11.9%	$26.7B+10.1%	$24.3B+8.4%	$22.4B+6.6%	$21.0B+11.8%	$18.8B+8.2%	$17.4B

PGR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$15.1B+42.1%	$10.6B+55.4%	$6.8B-11.8%	$7.8B+12.4%	$6.9B+10.3%	$6.3B
Capital Expenditures	$285.0M+13.1%	$252.0M-13.7%	$292.0M+19.9%	$243.5M+8.9%	$223.5M-38.5%	$363.5M
Free Cash Flow	$14.8B+42.8%	$10.4B+58.5%	$6.6B-12.8%	$7.5B+12.5%	$6.7B+13.3%	$5.9B
Investing Cash Flow	-$13.7B-26.8%	-$10.8B-36.3%	-$8.0B-155.0%	-$3.1B+49.0%	-$6.1B-41.0%	-$4.3B
Financing Cash Flow	-$1.3B-1787.2%	$78.0M-93.1%	$1.1B+124.9%	-$4.5B-381.1%	-$938.8M+47.0%	-$1.8B
Dividends Paid	$674.0M+188.0%	$234.0M0.0%	$234.0M-93.8%	$3.7B+141.6%	$1.6B-5.6%	$1.6B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$5.2B+28.6%	$4.0B-21.4%	$5.1B+71.0%	$3.0B-7.9%	$3.3B-22.9%	$4.2B+73.8%	$2.4B-28.7%	$3.4B
Capital Expenditures	$66.0M-35.3%	$102.0M+72.9%	$59.0M-46.4%	$110.0M+61.8%	$68.0M+36.0%	$50.0M-39.1%	$82.1M+126.2%	$36.3M
Free Cash Flow	$5.1B+30.2%	$3.9B-22.5%	$5.1B+75.4%	$2.9B-9.4%	$3.2B-23.6%	$4.2B+77.7%	$2.4B-30.4%	$3.4B
Investing Cash Flow	-$5.0B-24.9%	-$4.0B-72.6%	-$2.3B+20.4%	-$2.9B+9.8%	-$3.3B-4.4%	-$3.1B-33.2%	-$2.3B+30.0%	-$3.4B
Financing Cash Flow	-$98.0M-36.1%	-$72.0M+97.4%	-$2.7B-4559.3%	-$59.0M+15.7%	-$70.0M+93.3%	-$1.0B-703.5%	-$129.8M-19.6%	-$108.5M
Dividends Paid	$58.0M-1.7%	$59.0M-97.8%	$2.7B+4467.8%	$59.0M0.0%	$59.0M-88.2%	$498.0M+751.3%	$58.5M0.0%	$58.5M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PGR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	11.3%+5.0pp	6.3%+4.8pp	1.5%-5.6pp	7.0%-6.4pp	13.4%+3.2pp	10.2%
Return on Equity	33.1%+13.9pp	19.3%+14.7pp	4.5%-13.8pp	18.4%-15.1pp	33.5%+4.4pp	29.0%
Return on Assets	8.0%+3.6pp	4.4%+3.4pp	1.0%-3.8pp	4.7%-4.2pp	8.9%+1.7pp	7.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.13-0.2	3.37-0.4	3.75+0.8	2.90+0.1	2.76-0.2	3.00
FCF Margin	19.7%+2.9pp	16.7%+3.5pp	13.2%-2.5pp	15.8%+0.1pp	15.7%+0.5pp	15.1%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	11.6%-2.8pp	14.4%+1.9pp	12.6%+1.0pp	11.6%+3.6pp	8.1%-5.5pp	13.5%+1.7pp	11.8%+4.6pp	7.2%
Return on Equity	7.4%-2.4pp	9.7%+0.9pp	8.9%-0.3pp	9.2%+3.0pp	6.3%-4.4pp	10.7%+0.9pp	9.8%+3.4pp	6.5%
Return on Assets	2.1%-0.6pp	2.8%+0.5pp	2.3%+0.1pp	2.2%+0.7pp	1.5%-1.0pp	2.5%+0.2pp	2.2%+0.9pp	1.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.43-0.1	2.54-0.3	2.85-0.3	3.13-0.1	3.19-0.1	3.32-0.1	3.37-0.5	3.92
FCF Margin	22.8%+4.9pp	17.9%-7.0pp	24.9%+10.6pp	14.3%-3.4pp	17.6%-6.6pp	24.3%+10.3pp	13.9%-7.8pp	21.7%

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Frequently Asked Questions

What is Progress Corp Oh's annual revenue?

Progress Corp Oh (PGR) reported $75.4B in total revenue for fiscal year 2024. This represents a 21.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Progress Corp Oh's revenue growing?

Progress Corp Oh (PGR) revenue grew by 21.4% year-over-year, from $62.1B to $75.4B in fiscal year 2024.

Is Progress Corp Oh profitable?

Yes, Progress Corp Oh (PGR) reported a net income of $8.5B in fiscal year 2024, with a net profit margin of 11.3%.

What is Progress Corp Oh's earnings per share (EPS)?

Progress Corp Oh (PGR) reported diluted earnings per share of $14.40 for fiscal year 2024. This represents a 118.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Progress Corp Oh's net profit margin?

Progress Corp Oh (PGR) had a net profit margin of 11.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Progress Corp Oh pay dividends?

Yes, Progress Corp Oh (PGR) paid $4.90 per share in dividends during fiscal year 2024.

What is Progress Corp Oh's return on equity (ROE)?

Progress Corp Oh (PGR) has a return on equity of 33.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Progress Corp Oh's free cash flow?

Progress Corp Oh (PGR) generated $14.8B in free cash flow during fiscal year 2024. This represents a 42.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Progress Corp Oh's operating cash flow?

Progress Corp Oh (PGR) generated $15.1B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Progress Corp Oh's total assets?

Progress Corp Oh (PGR) had $105.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Progress Corp Oh's capital expenditures?

Progress Corp Oh (PGR) invested $285.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Progress Corp Oh have outstanding?

Progress Corp Oh (PGR) had 586M shares outstanding as of fiscal year 2024.

What is Progress Corp Oh's debt-to-equity ratio?

Progress Corp Oh (PGR) had a debt-to-equity ratio of 3.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Progress Corp Oh's return on assets (ROA)?

Progress Corp Oh (PGR) had a return on assets of 8.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Progress Corp Oh's Piotroski F-Score?

Progress Corp Oh (PGR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Progress Corp Oh's earnings high quality?

Progress Corp Oh (PGR) has an earnings quality ratio of 1.78x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Progress Corp Oh?

Progress Corp Oh (PGR) scores 72 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.