Progressive Corporation Cash Flow Statement
PGR / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Progressive Corporation generated $17.5B in operating cash flow and $17.2B in free cash flow in FY2025. Free cash flow margin was 19.6% of revenue.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.04 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 30.2%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $11.3B | $8.5B | $3.9B | $5.7B | $4.0B | $2.6B | $4.0B | $1.0B | $1.3B | $1.3B | $1.2B | $902.3M | $1.0B | $1.1B | $1.1B |
| Depreciation & Amortization | - | - | - | $274.9M | $239.8M | $190.4M | - | $137.4M | $103.7M | $97.1M | $101.3M | $94.4M | $88.5M | $83.1M | $87.3M |
| Operating Cash Flow | $17.5B | $15.1B | $10.6B | $6.9B | $6.3B | $6.3B | $6.3B | $2.7B | $2.3B | $1.7B | $1.9B | $1.7B | $1.5B | $1.7B | $1.5B |
| Capital Expenditures | $348.0M | $285.0M | $252.0M | $223.5M | $363.5M | $266.0M | $363.5M | $215.0M | $130.7M | $108.1M | $140.4M | $127.7M | $78.9M | $64.7M | $66.6M |
| Free Cash Flow | $17.2B | $14.8B | $10.4B | $6.7B | $5.9B | $6.0B | $5.9B | $2.5B | $2.2B | $1.6B | $1.8B | $1.6B | $1.4B | $1.6B | $1.4B |
| Share Buybacks | - | - | - | - | - | - | - | - | - | $271.4M | $273.4M | $174.2M | $997.8M | $258.6M | $180.6M |
| Dividends Paid | $2.9B | $674.0M | $234.0M | $1.6B | $1.6B | $654.9M | $1.6B | $519.0M | $403.6M | $892.6M | $175.6M | $853.7M | $263.6M | $763.7M | $0 |
| FCF Margin | 19.6% | 19.7% | 16.7% | 15.7% | 15.1% | 18.8% | 15.1% | 10.7% | 10.4% | 8.3% | 9.7% | 9.2% | 9.0% | 10.6% | 9.8% |