PROGRESSIVE CORP/OH/ (PGR) closed fiscal year 2025 with a gross margin of 38.5 % and a net margin of 12.9 %.
PROGRESSIVE CORP/OH/ (PGR) closed fiscal year 2025 with a gross margin of 38.5 % and a net margin of 12.9 %. The same year shows an EBIT margin of 16.5 %. The free cash flow margin was 19.6 %. Against the previous year the gross margin moved +3.5 pp and the net margin +1.6 pp. Across the period the gross margin ranges between 23.2 % in 2022 and 38.5 % in 2025. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 23.16 % | 26.49 % | 34.91 % | 38.45 % |
| EBITDA margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| EBIT margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2.35 % | 8.33 % | 14.58 % | 16.54 % |
| Net margin (%) | 8.05 % | -0.55 % | 7.26 % | 7.02 % | 6.44 % | 5.28 % | 6.41 % | 6.61 % | 6.08 % | 4.40 % | 5.93 % | 8.18 % | 10.17 % | 13.37 % | 7.02 % | 1.46 % | 6.28 % | 11.25 % | 12.90 % |
| FCF margin (%) | 11.27 % | 11.30 % | 9.75 % | 10.61 % | 9.00 % | 9.15 % | 9.68 % | 8.34 % | 10.37 % | 10.74 % | 13.42 % | 18.82 % | 15.11 % | 15.66 % | 15.76 % | 13.22 % | 16.73 % | 19.68 % | 19.62 % |
