Progressive vs Travelers Companies
Progressive reported revenue of $87.7 billion in fiscal 2025, 1.8 times Travelers Companies' $48.8 billion in fiscal 2025. Progressive's revenue grew 16.3% in its latest year, and Travelers Companies' grew 5.2%.
Side by side
| Progressive | Travelers Companies | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $87.7B | $48.8B |
| Revenue growth | 16.3% | 5.2% |
| Revenue growth a year, last 5 years | 15.5% | 8.8% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 12.9% | 12.9% |
| Free cash flow | $17.2B | — |
| Free cash flow margin | 19.6% | — |
| Return on capital | 39.2% | 20.1% |
| Net debt to EBITDA | −0.2x | 0.3x |
| Dividends and buybacks | $2.9B | $4.0B |
| Change in diluted share count | 0.1% | −1.5% |
| Last close | $229.25 | $400.17 |
| P/E at the last close | 11.5× | 10.5× |
| Insider trades, last 12 months | sold $31.3 million | sold $167.6 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ 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
ProgressiveTravelers Companies
Operating margin
Percent of revenue
ProgressiveTravelers Companies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
ProgressiveTravelers Companies
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 Progressive and Travelers Companies pages.