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Progressive (PGR) Cash Flow Waterfall

Trace Progressive's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$16.77B

Capex

−$352.00M

Free Cash Flow

$16.42B

FCF Margin

+97.9%

Cash flow waterfall for Progressive (PGR) — TTM through Q1 2026

Free cash flow: $16.42B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Progressive (PGR) — TTM through Q1 2026

  • Operating Cash Flow$16.77B
  • Capital Expenditure−$352.00M
  • Free Cash Flow$16.42B
  • Other Investing−$9.20B
  • Share Buybacks−$590.00M
  • Dividends Paid−$8.15B
  • Net Debt Change$1.49B
  • Net Cash Decrease−$28.00M
Want to see what drove the FCF change?Free Cash Flow Bridge

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