TRAVELERS COMPANIES, INC. (TRV) closed fiscal year 2025 with a gross margin of 44.3 % and a net margin of 12.9 %.
TRAVELERS COMPANIES, INC. (TRV) closed fiscal year 2025 with a gross margin of 44.3 % and a net margin of 12.9 %. The same year shows an EBIT margin of 16.8 %. The free cash flow margin was 21.7 %. Against the previous year the gross margin moved +2.5 pp and the net margin +2.1 pp. Across the period the gross margin ranges between 36.0 % in 2011 and 52.4 % in 2007. 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 (%) | 52.35 % | 46.92 % | 49.72 % | 47.40 % | 36.04 % | 42.98 % | 49.19 % | 48.96 % | 48.82 % | 45.45 % | 39.56 % | 39.60 % | 39.42 % | 40.21 % | 41.70 % | 38.04 % | 36.62 % | 41.71 % | 44.25 % |
| EBITDA margin (%) | — | — | 14.99 % | 12.46 % | 8.89 % | 12.90 % | 17.11 % | 16.75 % | — | — | — | — | — | — | — | — | — | — | — |
| EBIT margin (%) | — | — | 14.59 % | 12.12 % | 5.46 % | 9.48 % | 13.62 % | 13.40 % | — | — | — | — | — | — | — | 10.05 % | 9.06 % | 14.16 % | 16.84 % |
| Net margin (%) | — | 11.95 % | 14.68 % | 12.81 % | 5.60 % | 9.61 % | 14.02 % | 13.59 % | 12.82 % | 10.91 % | 7.11 % | 8.33 % | 8.30 % | 8.43 % | 10.52 % | 7.71 % | 7.23 % | 10.77 % | 12.88 % |
| FCF margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 17.53 % | 18.64 % | 19.55 % | 21.72 % |
