Allstate vs Progressive
Progressive reported revenue of $87.7 billion in fiscal 2025, 1.3 times Allstate's $67.7 billion in fiscal 2025. Allstate's revenue grew 5.6% in its latest year, and Progressive's grew 16.3%. Free cash flow was $9.9 billion at Allstate and $17.2 billion at Progressive.
Side by side
| Allstate | Progressive | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $67.7B | $87.7B |
| Revenue growth | 5.6% | 16.3% |
| Revenue growth a year, last 5 years | 10.1% | 15.5% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 15.2% | 12.9% |
| Free cash flow | $9.9B | $17.2B |
| Free cash flow margin | 14.6% | 19.6% |
| Return on capital | 37.3% | 39.2% |
| Net debt to EBITDA | 0.1x | −0.2x |
| Dividends and buybacks | $2.3B | $2.9B |
| Change in diluted share count | −0.3% | 0.1% |
| Last close | $255.95 | $229.25 |
| P/E at the last close | 5.1× | 11.5× |
| Insider trades, last 12 months | sold $80.8 million | sold $31.3 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
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Operating margin
Percent of revenue
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Free cash flow
US$ billions. Cash from operations minus capital expenditure.
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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Allstate and Progressive pages.