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PROG Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for PROG Holdings and similar public comparables like Willis Lease Finance, Hertz, United International, goeasy and more.
PROG Holdings Overview
About PROG Holdings
PROG Holdings Inc is a financial technology holding company that provides transparent and competitive payment options to consumers. The company has two reportable segments: Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and Vive Financial (Vive), an omnichannel provider of second-look revolving credit products. The majority of the revenue of the company is earned through the Progressive Leasing segment.
Founded
1962
HQ
Employees
1.2K
Website
Financials (LTM)
EV
$2B
PROG Holdings Financials
PROG Holdings reported last 12-month revenue of $3B and EBITDA of $280M.
In the same LTM period, PROG Holdings generated $865M in gross profit, $280M in EBITDA, and $129M in net income.
Revenue (LTM)
PROG Holdings P&L
In the most recent fiscal year, PROG Holdings reported revenue of $2B and EBITDA of $2B.
PROG Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $865M | XXX | — | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | — | XXX | XXX | XXX |
| EBITDA | $280M | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 76% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $129M | XXX | $147M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $286M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
PROG Holdings Stock Performance
PROG Holdings has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
PROG Holdings' stock price is $33.56.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.0% | XXX | XXX | XXX | $3.71 |
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Start Free TrialPROG Holdings Valuation Multiples
PROG Holdings trades at 0.6x EV/Revenue multiple, and 5.8x EV/EBITDA.
EV / Revenue (LTM)
PROG Holdings Financial Valuation Multiples
As of March 14, 2026, PROG Holdings has market cap of $1B and EV of $2B.
Equity research analysts estimate PROG Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
PROG Holdings has a P/E ratio of 10.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 5.8x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBIT | 7.4x | XXX | 4.0x | XXX | XXX | XXX |
| EV/Gross Profit | 1.9x | XXX | — | XXX | XXX | XXX |
| P/E | 10.3x | XXX | 9.0x | XXX | XXX | XXX |
| EV/FCF | 5.7x | XXX | 5.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified PROG Holdings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
PROG Holdings Margins & Growth Rates
PROG Holdings' revenue in the last 12 month grew by 22%.
PROG Holdings' revenue per employee in the last FY averaged $2.2M.
PROG Holdings' rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
PROG Holdings' rule of X is 65% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
PROG Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 22% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 76% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | (82%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 65% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 83% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
PROG Holdings Public Comps
See public comps and valuation multiples for other Online Lending and Leasing & Rental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Willis Lease Finance | XXX | XXX | XXX | XXX | XXX | XXX |
| Hertz | XXX | XXX | XXX | XXX | XXX | XXX |
| United International | XXX | XXX | XXX | XXX | XXX | XXX |
| goeasy | XXX | XXX | XXX | XXX | XXX | XXX |
| FinVolution Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
PROG Holdings M&A Activity
PROG Holdings acquired XXX companies to date.
Last acquisition by PROG Holdings was on XXXXXXXX, XXXXX. PROG Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by PROG Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialPROG Holdings Investment Activity
PROG Holdings invested in XXX companies to date.
PROG Holdings made its latest investment on XXXXXXXX, XXXXX. PROG Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by PROG Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout PROG Holdings
| When was PROG Holdings founded? | PROG Holdings was founded in 1962. |
| Where is PROG Holdings headquartered? | PROG Holdings is headquartered in United States. |
| How many employees does PROG Holdings have? | As of today, PROG Holdings has over 1K employees. |
| Who is the CEO of PROG Holdings? | PROG Holdings' CEO is Steven A. Michaels. |
| Is PROG Holdings publicly listed? | Yes, PROG Holdings is a public company listed on NYSE. |
| What is the stock symbol of PROG Holdings? | PROG Holdings trades under PRG ticker. |
| When did PROG Holdings go public? | PROG Holdings went public in 1984. |
| Who are competitors of PROG Holdings? | PROG Holdings main competitors are Willis Lease Finance, Hertz, United International, goeasy. |
| What is the current market cap of PROG Holdings? | PROG Holdings' current market cap is $1B. |
| What is the current revenue of PROG Holdings? | PROG Holdings' last 12 months revenue is $3B. |
| What is the current revenue growth of PROG Holdings? | PROG Holdings revenue growth (NTM/LTM) is 22%. |
| What is the current EV/Revenue multiple of PROG Holdings? | Current revenue multiple of PROG Holdings is 0.6x. |
| Is PROG Holdings profitable? | Yes, PROG Holdings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of PROG Holdings? | PROG Holdings' last 12 months EBITDA is $280M. |
| What is PROG Holdings' EBITDA margin? | PROG Holdings' last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of PROG Holdings? | Current EBITDA multiple of PROG Holdings is 5.8x. |
| What is the current FCF of PROG Holdings? | PROG Holdings' last 12 months FCF is $287M. |
| What is PROG Holdings' FCF margin? | PROG Holdings' last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of PROG Holdings? | Current FCF multiple of PROG Holdings is 5.7x. |
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