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

Progress Corp Oh (PGR) reported diluted earnings per share of $19.23 for fiscal year 2025. This represents a 33.5% 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.

Progress Corp Oh Financials

PGR

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Progress Corp Oh (PGR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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).

Rhea AI PGR FY2025 2026-05-04

A liability-funded model is converting rising profit almost directly into cash because reinvestment needs stay unusually low.

From FY2022 to FY2025, net income rose from $722M to $11.3B, turning a thin-profit year into a very different earnings profile. The more revealing point is cash conversion quality: in FY2025, capex was only $348M against $17.5B of operating cash flow, so the earnings rebound was not being soaked up by heavy reinvestment.

Return on equity reached 37.3% in FY2025 while return on assets was 9.2%, a pairing that suggests strong shareholder returns came from profitable use of a very large balance sheet, not just from a small equity base. That reading fits the structure too: liabilities were about 3.1x equity in FY2025, slightly lower than FY2022, so the return surge was not driven by added leverage.

Cash on hand was only $138M against $123.0B of assets, which looks lean until you pair it with the business's cash generation. Dividends consumed a minority of free cash flow in FY2025, with $2.9B paid against $17.2B of free cash flow, leaving substantial internally generated cash to support balance-sheet growth.

Financial Health Signals

Financial Health Score 46/100

Scored as: Insurers peer group

Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Progress Corp Oh's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Loss Ratio

Premium Growth

Capital

Combined Ratio

Stability

Piotroski F-Score Partial

5/6

Progress Corp Oh passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.55x

For every $1 of reported earnings, Progress Corp Oh generates $1.55 in operating cash flow ($17.5B OCF vs $11.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$87.7B

YoY+16.3%

5Y CAGR+15.5%

10Y CAGR+15.4%

Progress Corp Oh generated $87.7B in revenue in fiscal year 2025. This represents an increase of 16.3% from the prior year.

EBITDA

N/A

Net Income

$11.3B

YoY+33.3%

5Y CAGR+14.7%

10Y CAGR+24.5%

Progress Corp Oh reported $11.3B in net income in fiscal year 2025. This represents an increase of 33.3% from the prior year.

EPS (Diluted)

$19.23

YoY+33.5%

5Y CAGR+14.8%

10Y CAGR+24.5%

Progress Corp Oh earned $19.23 per diluted share (EPS) in fiscal year 2025. This represents an increase of 33.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$17.2B

YoY+15.9%

5Y CAGR+20.8%

10Y CAGR+23.0%

Progress Corp Oh generated $17.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 15.9% from the prior year.

Cash & Debt

$138.0M

YoY-10.4%

5Y CAGR+12.5%

10Y CAGR-4.7%

Progress Corp Oh held $138.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$13.90

YoY+183.7%

5Y CAGR+23.2%

Progress Corp Oh paid $13.90 per share in dividends in fiscal year 2025. This represents an increase of 183.7% 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 2025. This represents a decrease of 0.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

12.9%

YoY+1.7pp

5Y CAGR-0.5pp

10Y CAGR+6.8pp

Progress Corp Oh's net profit margin was 12.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.7 percentage points from the prior year.

Return on Equity

37.3%

YoY+4.2pp

5Y CAGR+3.8pp

10Y CAGR+19.9pp

Progress Corp Oh's ROE was 37.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$348.0M

YoY+22.1%

5Y CAGR+9.3%

10Y CAGR+10.3%

Progress Corp Oh invested $348.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 22.1% from the prior year.

PGR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$87.7B+16.3%	$75.4B+21.4%	$62.1B+25.2%	$49.6B+4.0%	$47.7B+11.8%	$42.7B
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	$278.0M-0.4%	$279.0M+4.1%	$268.0M+9.8%	$244.0M+11.6%	$218.6M+0.7%	$217.0M
Income Tax	$2.9B+30.5%	$2.2B+123.1%	$1.0B+400.5%	$200.0M-76.7%	$859.1M-41.5%	$1.5B
Net Income	$11.3B+33.3%	$8.5B+117.3%	$3.9B+440.6%	$722.0M-78.5%	$3.4B-41.3%	$5.7B
EPS (Diluted)	$19.23+33.5%	$14.40+118.8%	$6.58+457.6%	$1.18-79.2%	$5.66-41.4%	$9.66

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$22.2B-2.5%	$22.7B+1.0%	$22.5B+2.3%	$22.0B+7.8%	$20.4B+0.7%	$20.3B+2.8%	$19.7B+8.7%	$18.1B
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%	$70.0M+1.4%	$69.0M-1.4%	$70.0M0.0%	$70.0M0.0%	$70.0M+1.4%	$69.0M
Income Tax	$748.0M+2.3%	$731.0M+3.2%	$708.0M-12.3%	$807.0M+20.6%	$669.0M+9.5%	$611.0M-0.2%	$612.0M+52.6%	$401.0M
Net Income	$2.8B-4.5%	$3.0B+12.8%	$2.6B-17.6%	$3.2B+23.7%	$2.6B+9.0%	$2.4B+0.9%	$2.3B+60.0%	$1.5B
EPS (Diluted)	$4.80	N/A	$4.45-17.6%	$5.40+23.6%	$4.37	N/A	$3.97+60.1%	$2.48

PGR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$123.0B+16.4%	$105.7B+19.2%	$88.7B+17.5%	$75.5B+6.1%	$71.1B+11.0%	$64.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$138.0M-10.4%	$154.0M+54.0%	$100.0M-54.8%	$221.0M+9.4%	$202.0M+164.1%	$76.5M
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	N/A	$228.0M0.0%	$228.0M0.0%	$227.9M-49.7%	$452.7M0.0%	$452.7M
Total Liabilities	$92.7B+15.7%	$80.2B+17.2%	$68.4B+14.8%	$59.6B+12.6%	$52.9B+12.4%	$47.1B
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	$30.3B+18.5%	$25.6B+26.2%	$20.3B+27.6%	$15.9B-12.8%	$18.2B+7.0%	$17.0B
Retained Earnings	$27.3B+12.5%	$24.3B+29.2%	$18.8B+19.6%	$15.7B+2.5%	$15.3B+14.9%	$13.4B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$122.2B-0.7%	$123.0B+1.2%	$121.5B+5.2%	$115.5B+3.7%	$111.4B+5.4%	$105.7B+0.5%	$105.2B+7.5%	$97.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$179.0M+29.7%	$138.0M-25.4%	$185.0M+37.0%	$135.0M-34.8%	$207.0M+34.4%	$154.0M+4.8%	$147.0M+44.1%	$102.0M
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	N/A	N/A	$228.0M	N/A	N/A
Total Liabilities	$90.2B-2.7%	$92.7B+7.7%	$86.1B+3.9%	$82.9B+0.5%	$82.5B+2.9%	$80.2B+2.7%	$78.0B+4.7%	$74.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$8.4B	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$32.0B+5.7%	$30.3B-14.5%	$35.4B+8.7%	$32.6B+12.6%	$29.0B+13.1%	$25.6B-5.8%	$27.2B+16.4%	$23.3B
Retained Earnings	$29.6B+8.4%	$27.3B-15.8%	$32.4B+8.4%	$29.9B+11.9%	$26.7B+10.1%	$24.3B-1.4%	$24.6B+9.9%	$22.4B

PGR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$17.5B+16.1%	$15.1B+42.1%	$10.6B+55.4%	$6.8B-11.8%	$7.8B+12.4%	$6.9B
Capital Expenditures	$348.0M+22.1%	$285.0M+13.1%	$252.0M-13.7%	$292.0M+19.9%	$243.5M+8.9%	$223.5M
Free Cash Flow	$17.2B+15.9%	$14.8B+42.8%	$10.4B+58.5%	$6.6B-12.8%	$7.5B+12.5%	$6.7B
Investing Cash Flow	-$14.5B-5.7%	-$13.7B-26.8%	-$10.8B-36.3%	-$8.0B-155.0%	-$3.1B+49.0%	-$6.1B
Financing Cash Flow	-$3.0B-130.8%	-$1.3B-1787.2%	$78.0M-93.1%	$1.1B+124.9%	-$4.5B-381.1%	-$938.8M
Dividends Paid	$2.9B+326.0%	$674.0M+188.0%	$234.0M0.0%	$234.0M-93.8%	$3.7B+141.6%	$1.6B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$4.4B+37.8%	$3.2B-39.0%	$5.2B+28.6%	$4.0B-21.4%	$5.1B+71.0%	$3.0B-34.7%	$4.6B+41.1%	$3.3B
Capital Expenditures	$63.0M-47.9%	$121.0M+83.3%	$66.0M-35.3%	$102.0M+72.9%	$59.0M-46.4%	$110.0M+93.0%	$57.0M-16.2%	$68.0M
Free Cash Flow	$4.3B+41.2%	$3.0B-40.6%	$5.1B+30.2%	$3.9B-22.5%	$5.1B+75.4%	$2.9B-36.3%	$4.6B+42.3%	$3.2B
Investing Cash Flow	$2.6B+185.1%	-$3.1B+38.6%	-$5.0B-24.9%	-$4.0B-72.6%	-$2.3B+20.4%	-$2.9B+33.4%	-$4.4B-35.5%	-$3.3B
Financing Cash Flow	-$7.0B-5800.8%	-$118.0M-20.4%	-$98.0M-36.1%	-$72.0M+97.4%	-$2.7B-4559.3%	-$59.0M+59.0%	-$144.0M-105.7%	-$70.0M
Dividends Paid	$8.0B+13411.9%	$59.0M+1.7%	$58.0M-1.7%	$59.0M-97.8%	$2.7B+4467.8%	$59.0M+1.7%	$58.0M-1.7%	$59.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PGR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	12.9%+1.7pp	11.3%+5.0pp	6.3%+4.8pp	1.5%-5.6pp	7.0%-6.4pp	13.4%
Return on Equity	37.3%+4.2pp	33.1%+13.9pp	19.3%+14.7pp	4.5%-13.8pp	18.4%-15.1pp	33.5%
Return on Assets	9.2%+1.2pp	8.0%+3.6pp	4.4%+3.4pp	1.0%-3.8pp	4.7%-4.2pp	8.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.06-0.1	3.13-0.2	3.37-0.4	3.75+0.8	2.90+0.1	2.76
FCF Margin	19.6%-0.1pp	19.7%+2.9pp	16.7%+3.5pp	13.2%-2.5pp	15.8%+0.1pp	15.7%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	12.7%-0.3pp	13.0%+1.4pp	11.6%-2.8pp	14.4%+1.9pp	12.6%+1.0pp	11.6%-0.2pp	11.8%+3.8pp	8.1%
Return on Equity	8.8%-0.9pp	9.7%+2.3pp	7.4%-2.4pp	9.7%+0.9pp	8.9%-0.3pp	9.2%+0.6pp	8.6%+2.3pp	6.3%
Return on Assets	2.3%-0.1pp	2.4%+0.3pp	2.1%-0.6pp	2.8%+0.5pp	2.3%+0.1pp	2.2%0.0pp	2.2%+0.7pp	1.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.81-0.2	3.06+0.6	2.43-0.1	2.54-0.3	2.85-0.3	3.13+0.3	2.87-0.3	3.19
FCF Margin	19.4%+6.0pp	13.4%-9.4pp	22.8%+4.9pp	17.9%-7.0pp	24.9%+10.6pp	14.3%-8.8pp	23.1%+5.4pp	17.6%

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Frequently Asked Questions

What is Progress Corp Oh's annual revenue?

Progress Corp Oh (PGR) reported $87.7B in total revenue for fiscal year 2025. This represents a 16.3% 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 16.3% year-over-year, from $75.4B to $87.7B in fiscal year 2025.

Is Progress Corp Oh profitable?

Yes, Progress Corp Oh (PGR) reported a net income of $11.3B in fiscal year 2025, with a net profit margin of 12.9%.

What is Progress Corp Oh's net profit margin?

Progress Corp Oh (PGR) had a net profit margin of 12.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Progress Corp Oh pay dividends?

Yes, Progress Corp Oh (PGR) paid $13.90 per share in dividends during fiscal year 2025.

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

Progress Corp Oh (PGR) has a return on equity of 37.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Progress Corp Oh's free cash flow?

Progress Corp Oh (PGR) generated $17.2B in free cash flow during fiscal year 2025. This represents a 15.9% 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 $17.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Progress Corp Oh's total assets?

Progress Corp Oh (PGR) had $123.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Progress Corp Oh's capital expenditures?

Progress Corp Oh (PGR) invested $348.0M in capital expenditures during fiscal year 2025, 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 2025.

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

Progress Corp Oh (PGR) had a debt-to-equity ratio of 3.06 as of fiscal year 2025, 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 9.2% for fiscal year 2025, 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 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.55x, 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 46 out of 100 on our Financial Health Score, indicating moderate standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.