The Progressive Corporation PGR NYSE

The Progressive Corporation (PGR) generated $17.55B in operating cash flow for fiscal year 2025. After capital expenditures of $348M, free cash flow was $17.2B.

Free cash flow margin was 19.6% of revenue. Cash conversion ratio was 1.55x, indicating earnings are backed by cash.

The company returned $2.87B in dividends and $166M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (100/100, Pass) — demonstrate the company can comfortably service its debt
• MOAT (58/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (55/100) — Cash conversion ratio was 1.55x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 76/100 with 4/7 criteria passed.