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Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
1937
66.3K+
LTM Revenue $77.1B
LTM EBITDA $11.8B
$173B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Progressive has a last 12-month revenue of $77.1B and a last 12-month EBITDA of $11.8B.
In the most recent fiscal year, Progressive achieved revenue of $75.3B and an EBITDA of n/a.
Progressive expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Progressive valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $62.1B | $75.3B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $722M | $3.9B | XXX | XXX | XXX |
| Net Margin | 1% | 5% | XXX | XXX | XXX |
| Net Debt | $6.2B | $6.8B | XXX | XXX | XXX |
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As of March 14, 2025, Progressive's stock price is $284.
Progressive has current market cap of $166B, and EV of $173B.
See Progressive trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $173B | $166B | XXX | XXX | XXX | XXX | $14.27 |
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Sign UpAs of March 14, 2025, Progressive has market cap of $166B and EV of $173B.
Progressive's trades at 2.2x LTM EV/Revenue multiple, and 14.6x LTM EBITDA.
Analysts estimate Progressive's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Progressive and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $173B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 19.6x | XXX | XXX | XXX |
| P/E/Growth | 4.4x | XXX | XXX | XXX |
| EV/FCF | 11.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpProgressive's NTM/LTM revenue growth is 16%
Progressive's revenue per employee for the last fiscal year averaged $1.1M, while opex per employee averaged n/a for the same period.
Over next 12 months, Progressive's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Progressive's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Progressive and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNIC | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegon | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| NN Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Challenger | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Progressive acquired XXX companies to date.
Last acquisition by Progressive was XXXXXXXX, XXXXX XXXXX XXXXXX . Progressive acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Progressive founded? | Progressive was founded in 1937. |
| Where is Progressive headquartered? | Progressive is headquartered in United States of America. |
| How many employees does Progressive have? | As of today, Progressive has 66.3K+ employees. |
| Who is the CEO of Progressive? | Progressive's CEO is Ms. Susan Patricia Griffith. |
| Is Progressive publicy listed? | Yes, Progressive is a public company listed on NYS. |
| What is the stock symbol of Progressive? | Progressive trades under PGR ticker. |
| When did Progressive go public? | Progressive went public in 1987. |
| Who are competitors of Progressive? | Similar companies to Progressive include e.g. ADNIC, Aegon, ASR Nederland, NN Group. |
| What is the current market cap of Progressive? | Progressive's current market cap is $166B |
| What is the current revenue of Progressive? | Progressive's last 12-month revenue is $77.1B. |
| What is the current EBITDA of Progressive? | Progressive's last 12-month EBITDA is $11.8B. |
| What is the current EV/Revenue multiple of Progressive? | Current revenue multiple of Progressive is 2.2x. |
| What is the current EV/EBITDA multiple of Progressive? | Current EBITDA multiple of Progressive is 14.6x. |
| What is the current revenue growth of Progressive? | Progressive revenue growth between 2023 and 2024 was 21%. |
| Is Progressive profitable? | Yes, Progressive is EBITDA-positive (as of the last 12 months). |
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