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Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 24 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 $80.0B
LTM EBITDA $12.8B
$163B
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 (LTM) of $80.0B and a last 12-month EBITDA of $12.8B.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $80.0B | XXX | $75.3B | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA | $12.8B | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | n/a | XXX | XXX | XXX |
| EBIT | $10.5B | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $9.1B | XXX | $8.5B | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $6.8B | XXX | XXX | XXX |
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As of July 2, 2025, Progressive's stock price is $267.
Progressive has current market cap of $156B, and EV of $163B.
See Progressive trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $163B | $156B | XXX | XXX | XXX | XXX | $15.24 |
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Start Free TrialAs of July 2, 2025, Progressive has market cap of $156B and EV of $163B.
Progressive's trades at 2.2x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate Progressive's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Progressive has a P/E ratio of 17.2x.
See valuation multiples for Progressive and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $156B | XXX | $156B | XXX | XXX | XXX |
| EV (current) | $163B | XXX | $163B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 12.8x | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | 15.6x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 17.2x | XXX | 18.4x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 11.0x | 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.
Start Free TrialProgressive's last 12 month revenue growth is 13%
Progressive's revenue per employee in the last FY averaged $1.1M, while opex per employee averaged n/a for the same period.
Progressive's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Progressive's rule of X is 48% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Progressive and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | n/a | 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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Start Free Trial| 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 1972. |
| 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 $156B |
| What is the current revenue of Progressive? | Progressive's last 12 months revenue is $80.0B. |
| What is the current revenue growth of Progressive? | Progressive revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Progressive? | Current revenue multiple of Progressive is 2.0x. |
| Is Progressive profitable? | Yes, Progressive is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Progressive? | Progressive's last 12 months EBITDA is $12.8B. |
| What is Progressive's EBITDA margin? | Progressive's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Progressive? | Current EBITDA multiple of Progressive is 12.8x. |
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