Company / Free Cash Flow
Progressive Corporation Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$17.2B
FY2025
5-year range
$5.9B / $17.2B
FY2021-FY2025
Trend
+15.9%
vs FY2024
Sector context
#4 of 299
Financials
What the data says
Among 299 Financials companies, Progressive Corporation is in the top 1% for free cash flow. Free Cash Flow has increased for 4 consecutive years, from $5.9B in FY2021 to $17.2B in FY2025.
Based on SEC 10-K filings.
$17.2B in FY2025 with a 5-year CAGR of +23.4%. Top quartile in the Financials sector.
Improved from $10.4B to $17.2B over the past 2 years.
Financials sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +37.0%
- 5-Year CAGR
- +23.4%
- 10-Year CAGR
- -
Sector benchmark
Top 1% in FinancialsTop 1% of 299This company $17.2B Sector average $646.6M
▼
+2560.3% above sector average
Key checks
Key Insights
- Progressive Corporation's free cash flow has grown for 4 consecutive years.
- 5-year CAGR of +23.4%, indicating consistent growth.
- In FY2025, free cash flow increased 15.9% year-over-year.
- Ranks #4 out of 299 companies in the Financials sector.
Company context
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.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $17.2B | +15.9% |
| FY2024 | $14.8B | +42.8% |
| FY2023 | $10.4B | +55.5% |
| FY2022 | $6.7B | +13.3% |
| FY2021 | $5.9B | -2.0% |
| FY2020 | $6.0B | +2.0% |
| FY2019 | $5.9B | +134.3% |
| FY2018 | $2.5B | +16.4% |
| FY2017 | $2.2B | +33.7% |
| FY2016 | $1.6B | -8.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026