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PROG (PRG) Financials

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$26.22 +0.67 (+2.61%)
Closing price 03:59 PM Eastern
Extended Trading
$26.25 +0.03 (+0.12%)
As of 04:23 PM Eastern
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Annual Income Statements for PROG

Annual Income Statements for PROG

This table shows PROG's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
196 31 -61 244 99 139 197
Consolidated Net Income / (Loss)
196 31 -61 244 99 139 197
Net Income / (Loss) Continuing Operations
125 -25 234 244 99 139 197
Total Pre-Tax Income
157 28 272 328 148 196 164
Total Operating Income
157 28 272 334 186 226 195
Total Gross Profit
37 2,163 2,485 2,678 2,598 2,408 2,463
Total Revenue
37 2,163 2,485 2,678 2,598 2,408 2,463
Operating Revenue
37 2,163 2,485 2,678 2,598 2,408 2,463
Total Cost of Revenue
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses
-119 2,136 2,213 2,344 2,412 2,183 2,269
Selling, General & Admin Expense
- - 373 397 450 451 469
Depreciation Expense
1,219 1,445 1,691 1,820 1,758 1,576 1,621
Other Operating Expenses / (Income)
-1,339 511 149 127 194 155 178
Impairment Charge
- - 0.00 0.00 10 0.00 0.00
Total Other Income / (Expense), net
0.00 0.00 -0.19 -5.32 -37 -29 -31
Interest & Investment Income
- - - - -37 -29 -31
Income Tax Expense
31 52 38 85 50 57 -34
Basic Earnings per Share
$2.84 $0.47 ($0.91) $3.69 $1.90 $3.02 $4.63
Weighted Average Basic Shares Outstanding
69.13M 67.32M 67.26M 66.03M 51.92M 46.03M 42.58M
Diluted Earnings per Share
$2.78 $0.47 ($0.90) $3.67 $1.90 $2.98 $4.53
Weighted Average Diluted Shares Outstanding
70.60M 67.32M 68.02M 66.42M 52.08M 46.55M 43.55M
Weighted Average Basic & Diluted Shares Outstanding
- - 67.73M 55.16M 48.04M 43.69M 40.82M
Cash Dividends to Common per Share
$0.13 $0.15 $0.17 - - - $0.48

Quarterly Income Statements for PROG

This table shows PROG's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
16 36 48 37 35 19 22 34 84 58
Consolidated Net Income / (Loss)
16 36 48 37 35 19 22 34 84 58
Net Income / (Loss) Continuing Operations
16 36 48 37 35 19 22 34 84 58
Total Pre-Tax Income
27 54 68 52 48 29 32 48 42 42
Total Operating Income
37 62 76 59 55 35 40 56 49 50
Total Gross Profit
626 612 655 593 583 577 642 592 606 623
Total Revenue
626 612 655 593 583 577 642 592 606 623
Operating Revenue
626 612 655 593 583 577 642 592 606 623
Total Operating Expenses
589 550 579 534 528 542 602 536 557 573
Selling, General & Admin Expense
113 112 105 108 109 129 127 108 111 123
Depreciation Expense
423 399 435 385 382 374 432 385 401 404
Other Operating Expenses / (Income)
44 38 38 41 37 39 43 44 45 47
Total Other Income / (Expense), net
-9.46 -8.70 -8.49 -7.28 -6.78 -6.86 -8.25 -7.34 -7.38 -8.32
Income Tax Expense
11 18 20 15 13 9.94 9.60 15 -42 -16
Basic Earnings per Share
$0.32 $0.69 $1.00 $0.80 $0.77 $0.45 $0.50 $0.79 $1.99 $1.35
Weighted Average Basic Shares Outstanding
50.46M 51.92M 47.85M 46.47M 45.52M 46.03M 43.70M 42.96M 42.26M 42.58M
Diluted Earnings per Share
$0.32 $0.69 $1.00 $0.79 $0.76 $0.43 $0.49 $0.77 $1.94 $1.33
Weighted Average Diluted Shares Outstanding
50.55M 52.08M 48.14M 46.90M 46.13M 46.55M 44.53M 43.72M 43.17M 43.55M
Weighted Average Basic & Diluted Shares Outstanding
50.03M 48.04M 46.74M 45.71M 44.72M 43.69M 43.17M 42.32M 41.54M 40.82M

Annual Cash Flow Statements for PROG

This table details how cash moves in and out of PROG's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-36 42 -21 134 -38 24 -60
Net Cash From Operating Activities
356 317 456 246 242 204 139
Net Cash From Continuing Operating Activities
356 317 456 246 242 204 139
Net Income / (Loss) Continuing Operations
196 31 -61 244 99 139 197
Consolidated Net Income / (Loss)
196 31 -61 244 99 139 197
Depreciation Expense
1,822 2,077 2,257 1,853 1,792 1,608 1,648
Non-Cash Adjustments To Reconcile Net Income
-1,493 -1,505 -1,422 -1,663 -1,256 -1,195 -1,296
Changes in Operating Assets and Liabilities, net
-168 -287 -318 -188 -392 -348 -411
Net Cash From Investing Activities
-263 -106 -115 -82 -54 -39 -79
Net Cash From Continuing Investing Activities
-263 -106 -115 -82 -54 -39 -79
Purchase of Property, Plant & Equipment
-79 -93 -64 -9.56 -9.67 -9.62 -8.32
Sale of Property, Plant & Equipment
9.19 14 7.48 0.08 0.03 0.05 0.13
Other Investing Activities, net
-7.59 -17 -43 -50 -44 -29 -71
Net Cash From Financing Activities
-129 -169 -363 -30 -227 -142 -119
Net Cash From Continuing Financing Activities
-129 -169 -363 -30 -227 -142 -119
Repayment of Debt
-98 -85 -301 -51 -1.60 -0.03 -2.78
Repurchase of Preferred Equity
- 0.00 0.00 -429 -0.27 0.00 0.00
Repurchase of Common Equity
-169 -69 0.00 -142 -224 -140 -139
Payment of Dividends
-6.24 -9.44 -14 - 0.00 0.00 -20
Issuance of Debt
154 0.00 5.63 592 0.00 0.00 50
Other Financing Activities, net
-9.37 -5.29 -54 -0.53 -1.75 -2.27 -7.30
Cash Interest Paid
16 16 10 1.45 36 37 37
Cash Income Taxes Paid
-64 -0.73 29 54 62 100 50

Quarterly Cash Flow Statements for PROG

This table details how cash moves in and out of PROG's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
98 -90 118 2.99 42 -139 97 -2.69 -28 -126
Net Cash From Operating Activities
127 -41 157 48 87 -88 136 55 32 -84
Net Cash From Continuing Operating Activities
127 -41 157 48 87 -88 136 55 32 -84
Net Income / (Loss) Continuing Operations
16 36 48 37 35 19 22 34 84 58
Consolidated Net Income / (Loss)
16 36 48 37 35 19 22 34 84 58
Depreciation Expense
431 407 443 393 390 382 440 391 407 410
Non-Cash Adjustments To Reconcile Net Income
-244 -378 -278 -275 -258 -384 -260 -294 -282 -459
Changes in Operating Assets and Liabilities, net
-76 -107 -56 -107 -80 -105 -66 -75 -177 -93
Net Cash From Investing Activities
-18 -14 -0.59 -10 -8.14 -20 -3.60 -14 -18 -44
Net Cash From Continuing Investing Activities
-18 -14 -0.59 -10 -8.14 -20 -3.60 -14 -18 -44
Purchase of Property, Plant & Equipment
-1.99 -2.19 -1.68 -2.71 -2.56 -2.66 -2.10 -1.90 -2.04 -2.28
Sale of Property, Plant & Equipment
0.00 0.01 0.01 - - 0.02 0.01 - - 0.01
Other Investing Activities, net
-16 -11 1.08 -7.33 -5.60 -17 -1.52 -12 -16 -41
Net Cash From Financing Activities
-15 -36 -39 -35 -37 -31 -35 -44 -42 1.94
Net Cash From Continuing Financing Activities
-12 -36 -39 -35 -37 -31 -35 -44 -42 1.94
Repayment of Debt
-0.07 - - - - - - - - -2.78
Repurchase of Common Equity
-11 -36 -36 -35 -36 -31 -24 -37 -37 -40
Payment of Dividends
- - 0.00 - - - -5.22 -5.13 -5.08 -4.97
Other Financing Activities, net
-0.39 0.49 -2.39 0.47 -0.64 0.30 -5.07 -2.00 -0.38 0.15
Cash Interest Paid
0.22 18 0.27 18 0.24 18 0.22 18 0.23 18
Cash Income Taxes Paid
12 31 2.53 51 23 24 -3.84 17 19 18

Annual Balance Sheets for PROG

This table presents PROG's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Total Assets
3,298 1,317 1,622 1,492 1,491 1,514
Total Current Assets
170 137 299 264 307 265
Cash & Equivalents
58 37 170 132 155 96
Accounts Receivable
67 61 66 65 68 80
Prepaid Expenses
27 40 48 48 51 78
Current Deferred & Refundable Income Taxes
18 0.00 14 19 33 11
Plant, Property, & Equipment, net
30 0.00 0.00 0.00 24 21
Total Noncurrent Assets
3,098 1,180 1,323 1,228 1,160 1,228
Noncurrent Note & Lease Receivables
727 689 833 779 760 827
Goodwill
289 289 306 296 296 296
Intangible Assets
177 154 137 114 92 74
Noncurrent Deferred & Refundable Income Taxes
- 0.00 2.76 2.96 2.98 26
Other Noncurrent Operating Assets
24 47 43 36 9.27 4.04
Total Liabilities & Shareholders' Equity
3,298 1,317 1,622 1,492 1,491 1,514
Total Liabilities
1,561 331 942 921 900 863
Total Current Liabilities
1,251 125 181 172 187 134
Accounts Payable
59 78 136 135 151 93
Customer Deposits
44 47 45 37 36 41
Total Noncurrent Liabilities
309 206 761 749 713 729
Long-Term Debt
0.00 50 590 591 592 644
Noncurrent Deferred & Payable Income Tax Liabilities
100 127 146 137 105 74
Other Noncurrent Operating Liabilities
209 30 25 21 16 11
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,737 986 679 570 591 650
Total Preferred & Common Equity
1,737 986 679 570 591 650
Total Common Equity
1,737 986 679 570 591 650
Common Stock
336 364 373 380 393 400
Retained Earnings
2,030 1,236 1,056 1,154 1,293 1,469
Other Equity Adjustments
- - -749 -964 -1,095 -1,219

Quarterly Balance Sheets for PROG

This table presents PROG's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
1,491 1,510 1,483 1,489 1,462 1,461 1,446
Total Current Assets
339 373 375 418 375 372 369
Cash & Equivalents
222 250 253 295 253 250 222
Accounts Receivable
57 56 53 56 62 61 67
Prepaid Expenses
50 54 50 47 49 50 69
Current Deferred & Refundable Income Taxes
11 14 20 21 12 10 11
Plant, Property, & Equipment, net
25 23 24 24 22 22 21
Total Noncurrent Assets
1,128 1,113 1,084 1,047 1,064 1,067 1,056
Noncurrent Note & Lease Receivables
696 694 672 641 675 683 676
Goodwill
296 296 296 296 296 296 296
Intangible Assets
120 109 103 97 86 82 78
Noncurrent Deferred & Refundable Income Taxes
2.76 2.96 2.85 2.85 2.47 2.37 2.37
Other Noncurrent Operating Assets
12 11 11 9.93 4.47 4.12 3.75
Total Liabilities & Shareholders' Equity
1,491 1,510 1,483 1,489 1,462 1,461 1,446
Total Liabilities
925 925 889 891 877 879 816
Total Current Liabilities
172 187 163 177 173 185 128
Accounts Payable
138 152 131 147 140 150 95
Customer Deposits
34 34 33 31 34 35 33
Total Noncurrent Liabilities
754 738 726 714 703 694 687
Long-Term Debt
591 591 592 592 593 593 593
Noncurrent Deferred & Payable Income Tax Liabilities
141 127 116 105 96 87 82
Other Noncurrent Operating Liabilities
22 20 18 17 15 14 12
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
566 585 594 598 585 582 631
Total Preferred & Common Equity
566 585 594 598 585 582 631
Total Common Equity
566 585 594 598 585 582 631
Common Stock
377 378 384 389 388 389 395
Retained Earnings
1,118 1,202 1,239 1,274 1,310 1,338 1,417
Other Equity Adjustments
- -996 -1,030 -1,065 -1,112 -1,145 -1,181

Annual Metrics and Ratios for PROG

This table displays calculated financial ratios and metrics derived from PROG's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - -
Revenue Growth
0.00% 5,696.61% 14.86% 7.78% -2.99% -7.30% 2.29%
EBITDA Growth
0.00% 6.38% 20.14% -13.53% -9.58% -7.25% 0.49%
EBIT Growth
0.00% -82.39% 884.19% 22.73% -44.34% 21.54% -13.62%
NOPAT Growth
0.00% -119.64% 1,049.78% 5.87% -50.06% 29.15% 47.18%
Net Income Growth
0.00% -83.96% -295.30% 496.25% -59.47% 40.65% 42.07%
EPS Growth
0.00% -83.96% -291.49% 507.78% -48.23% 56.84% 52.01%
Operating Cash Flow Growth
0.00% -11.03% 43.75% -46.06% -1.42% -15.77% -32.17%
Free Cash Flow Firm Growth
0.00% 0.00% 118.67% -18.40% 30.30% -16.56% -59.65%
Invested Capital Growth
0.00% 0.00% 5.52% 9.95% -6.31% -0.13% 16.53%
Revenue Q/Q Growth
0.00% 0.00% 0.00% -31.46% -1.31% -1.42% 1.90%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% -3.05% -1.87% -2.77% 2.35%
EBIT Q/Q Growth
0.00% 0.00% 0.00% -2.84% 3.14% -10.71% 8.22%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% -0.68% 0.76% -10.52% 23.87%
Net Income Q/Q Growth
0.00% 0.00% 0.00% -1.22% -1.73% -11.20% 24.62%
EPS Q/Q Growth
0.00% 0.00% 0.00% -1.61% -4.52% -13.37% 24.79%
Operating Cash Flow Q/Q Growth
0.00% 0.00% -12.02% 23.59% 3.53% -18.91% 2.83%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% 4.23% -26.26% -21.42%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 10.15% 10.09% 14.84% 19.54%
Profitability Metrics
- - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
5,302.68% 97.31% 101.79% 81.66% 76.11% 76.15% 74.81%
Operating Margin
420.17% 1.28% 10.94% 12.45% 7.15% 9.37% 7.91%
EBIT Margin
420.17% 1.28% 10.94% 12.45% 7.15% 9.37% 7.91%
Profit (Net Income) Margin
525.78% 1.45% -2.47% 9.10% 3.80% 5.77% 8.01%
Tax Burden Percent
125.13% 113.98% -22.63% 74.21% 66.59% 70.76% 120.56%
Interest Burden Percent
100.00% 100.00% 99.93% 98.40% 79.85% 86.97% 83.95%
Effective Tax Rate
20.09% 189.14% 13.97% 25.79% 33.41% 29.24% -20.56%
Return on Invested Capital (ROIC)
0.00% -5.20% 24.02% 23.59% 11.62% 15.52% 21.11%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -19.40% 100.04% 21.77% 5.95% 10.87% 13.45%
Return on Net Nonoperating Assets (RNNOA)
0.00% 8.82% -28.53% 5.66% 4.18% 8.38% 10.67%
Return on Equity (ROE)
0.00% 3.62% -4.51% 29.25% 15.80% 23.90% 31.77%
Cash Return on Invested Capital (CROIC)
0.00% -205.20% 18.65% 14.12% 18.13% 15.65% 5.84%
Operating Return on Assets (OROA)
0.00% 0.84% 11.78% 22.70% 11.92% 15.13% 12.97%
Return on Assets (ROA)
0.00% 0.95% -2.66% 16.57% 6.34% 9.31% 13.13%
Return on Common Equity (ROCE)
0.00% 3.62% -4.51% 29.25% 15.80% 23.90% 31.77%
Return on Equity Simple (ROE_SIMPLE)
0.00% 1.81% -6.23% 35.85% 17.30% 23.48% 30.33%
Net Operating Profit after Tax (NOPAT)
125 -25 234 248 124 160 235
NOPAT Margin
335.77% -1.14% 9.41% 9.24% 4.76% 6.63% 9.54%
Net Nonoperating Expense Percent (NNEP)
0.00% 14.20% -76.03% 1.83% 5.67% 4.64% 7.66%
Return On Investment Capital (ROIC_SIMPLE)
- - - - 10.64% 13.49% 18.16%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
0.00% 0.00% 15.00% 14.84% 17.34% 18.73% 19.04%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
-320.17% 98.72% 89.06% 87.55% 92.85% 90.63% 92.09%
Earnings before Interest and Taxes (EBIT)
157 28 272 334 186 226 195
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,979 2,105 2,529 2,187 1,977 1,834 1,843
Valuation Ratios
- - - - - - -
Price to Book Value (P/BV)
0.00 0.00 4.34 4.33 1.46 2.31 2.70
Price to Tangible Book Value (P/TBV)
0.00 0.00 7.88 12.46 5.22 6.71 6.26
Price to Revenue (P/Rev)
0.00 0.00 1.72 1.10 0.32 0.57 0.71
Price to Earnings (P/E)
0.00 0.00 0.00 12.07 8.46 9.84 8.90
Dividend Yield
0.00% 0.00% 17.96% 0.00% 0.00% 0.00% 1.14%
Earnings Yield
0.00% 0.00% 0.00% 8.29% 11.83% 10.17% 11.24%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 4.29 3.06 1.26 1.75 1.92
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 1.73 1.25 0.50 0.75 0.94
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 1.70 1.54 0.65 0.98 1.25
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 15.79 10.07 6.97 7.99 11.82
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 18.36 13.57 10.47 11.29 9.80
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 9.41 13.65 5.34 8.82 16.63
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 23.65 22.68 6.70 11.19 35.46
Leverage & Solvency
- - - - - - -
Debt to Equity
0.00 0.00 0.05 0.87 1.04 1.00 0.99
Long-Term Debt to Equity
0.00 0.00 0.05 0.87 1.04 1.00 0.99
Financial Leverage
0.00 -0.45 -0.29 0.26 0.70 0.77 0.79
Leverage Ratio
0.00 1.90 1.69 1.76 2.49 2.57 2.42
Compound Leverage Factor
0.00 1.90 1.69 1.74 1.99 2.23 2.03
Debt to Total Capital
0.00% 0.00% 4.83% 46.46% 50.88% 50.04% 49.74%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 4.83% 46.46% 50.88% 50.04% 49.74%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 100.00% 95.17% 53.54% 49.12% 49.96% 50.26%
Debt to EBITDA
0.00 0.00 0.02 0.27 0.30 0.32 0.35
Net Debt to EBITDA
0.00 0.00 0.01 0.19 0.23 0.24 0.30
Long-Term Debt to EBITDA
0.00 0.00 0.02 0.27 0.30 0.32 0.35
Debt to NOPAT
0.00 0.00 0.21 2.38 4.78 3.71 2.74
Net Debt to NOPAT
0.00 0.00 0.06 1.69 3.71 2.74 2.33
Long-Term Debt to NOPAT
0.00 0.00 0.21 2.38 4.78 3.71 2.74
Altman Z-Score
0.00 0.00 11.64 5.20 3.85 4.34 4.73
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - -
Current Ratio
0.00 0.14 1.10 1.65 1.53 1.64 1.97
Quick Ratio
0.00 0.10 0.78 1.31 1.14 1.19 1.31
Cash Flow Metrics
- - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -972 181 148 193 161 65
Operating Cash Flow to CapEx
511.81% 402.15% 801.86% 2,595.35% 2,513.52% 2,134.57% 1,692.43%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 970.48 27.82 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 2,438.31 46.21 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 2,134.23 44.43 0.00 0.00 0.00
Efficiency Ratios
- - - - - - -
Asset Turnover
0.00 0.66 1.08 1.82 1.67 1.61 1.64
Accounts Receivable Turnover
0.00 32.25 38.72 42.00 39.72 36.38 33.27
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 71.24 0.00 0.00 0.00 0.00 108.17
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 11.32 9.43 8.69 9.19 10.03 10.97
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 11.32 9.43 8.69 9.19 10.03 10.97
Capital & Investment Metrics
- - - - - - -
Invested Capital
0.00 947 999 1,099 1,030 1,028 1,198
Invested Capital Turnover
0.00 4.57 2.55 2.55 2.44 2.34 2.21
Increase / (Decrease) in Invested Capital
0.00 947 52 99 -69 -1.37 170
Enterprise Value (EV)
0.00 0.00 4,291 3,358 1,294 1,802 2,304
Market Capitalization
0.00 0.00 4,278 2,939 835 1,365 1,756
Book Value per Share
$0.00 $25.81 $14.60 $10.39 $11.40 $13.22 $15.65
Tangible Book Value per Share
$0.00 $18.89 $8.04 $3.61 $3.20 $4.55 $6.75
Total Capital
0.00 1,737 1,036 1,269 1,161 1,184 1,294
Total Debt
0.00 0.00 50 590 591 592 644
Total Long-Term Debt
0.00 0.00 50 590 591 592 644
Net Debt
0.00 -58 13 419 459 437 548
Capital Expenditures (CapEx)
70 79 57 9.48 9.65 9.57 8.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -1,139 -24 -52 -40 -35 35
Debt-free Net Working Capital (DFNWC)
0.00 -1,081 13 118 92 120 131
Net Working Capital (NWC)
0.00 -1,081 13 118 92 120 131
Net Nonoperating Expense (NNE)
-71 -56 295 3.95 25 21 38
Net Nonoperating Obligations (NNO)
0.00 -790 13 419 459 437 548
Total Depreciation and Amortization (D&A)
1,822 2,077 2,257 1,853 1,792 1,608 1,648
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -52.66% -0.97% -1.95% -1.55% -1.47% 1.42%
Debt-free Net Working Capital to Revenue
0.00% -49.99% 0.51% 4.40% 3.53% 4.98% 5.30%
Net Working Capital to Revenue
0.00% -49.99% 0.51% 4.40% 3.53% 4.98% 5.30%
Earnings Adjustments
- - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($0.91) $3.69 $1.90 $3.02 $4.63
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 67.26M 66.03M 51.92M 46.03M 42.58M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($0.90) $3.67 $1.90 $2.98 $4.53
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 68.02M 66.42M 52.08M 46.55M 43.55M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 67.73M 55.16M 48.04M 43.69M 40.82M
Normalized Net Operating Profit after Tax (NOPAT)
125 145 234 248 130 160 136
Normalized NOPAT Margin
335.77% 6.69% 9.41% 9.24% 5.02% 6.63% 5.54%
Pre Tax Income Margin
420.17% 1.28% 10.93% 12.26% 5.71% 8.15% 6.64%
Debt Service Ratios
- - - - - - -
EBIT to Interest Expense
0.00 0.00 1,453.28 62.66 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 1,250.20 46.50 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 1,149.20 60.88 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 946.12 44.72 0.00 0.00 0.00
Payout Ratios
- - - - - - -
Dividend Payout Ratio
3.18% 29.99% -22.42% 0.00% 0.00% 0.00% 10.34%
Augmented Payout Ratio
89.18% 250.04% -22.42% 58.45% 226.52% 100.53% 80.63%

Quarterly Metrics and Ratios for PROG

This table displays calculated financial ratios and metrics derived from PROG's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-3.78% -5.33% -7.79% -8.71% -6.86% -5.67% -2.03% -0.12% 3.99% 7.95%
EBITDA Growth
-10.36% -7.42% -6.39% -6.71% -4.94% -11.11% -7.72% -1.13% 2.67% 10.14%
EBIT Growth
-53.00% 9.94% 53.80% 60.54% 49.10% -43.35% -47.66% -6.10% -10.30% 41.85%
NOPAT Growth
-62.69% 3.19% 60.47% 61.12% 85.41% -45.04% -48.76% -8.31% 147.30% 199.37%
Net Income Growth
-72.12% -4.59% 77.01% 91.02% 118.76% -48.52% -54.27% -9.25% 139.81% 209.81%
EPS Growth
-62.79% 21.05% 104.08% 113.51% 137.50% -37.68% -51.00% -2.53% 155.26% 209.30%
Operating Cash Flow Growth
127.32% 16.88% 60.14% -16.51% -31.59% -117.12% -13.78% 15.50% -63.42% 4.32%
Free Cash Flow Firm Growth
-83.65% 289.32% 341.02% 836.04% -4.90% -78.07% -82.51% -64.01% -110.33% -513.89%
Invested Capital Growth
-6.26% -6.31% -10.81% -8.56% -4.27% -0.13% -0.15% -0.84% 11.95% 16.53%
Revenue Q/Q Growth
-3.64% -2.19% 7.03% -9.51% -1.68% -0.94% 11.17% -7.74% 2.36% 2.83%
EBITDA Q/Q Growth
-3.46% 0.43% 10.57% -12.98% -1.63% -6.08% 14.78% -6.77% 2.15% 0.76%
EBIT Q/Q Growth
-0.34% 69.60% 21.86% -22.06% -7.44% -35.56% 12.58% 39.83% -11.58% 1.91%
NOPAT Q/Q Growth
-18.19% 94.63% 28.95% -21.53% -5.86% -42.31% 20.24% 40.40% 153.92% -30.17%
Net Income Q/Q Growth
-17.86% 125.46% 33.11% -22.52% -5.93% -46.95% 18.26% 53.76% 148.60% -31.46%
EPS Q/Q Growth
-13.51% 115.63% 44.93% -21.00% -3.80% -43.42% 13.95% 57.14% 151.95% -31.44%
Operating Cash Flow Q/Q Growth
121.80% -131.92% 487.05% -69.53% 81.73% -201.31% 253.71% -59.19% -42.44% -364.97%
Free Cash Flow Firm Q/Q Growth
576.46% 32.50% 49.48% -22.00% -38.44% -69.44% 19.19% 60.51% -117.67% -1,124.48%
Invested Capital Q/Q Growth
-8.29% 10.09% -10.03% 0.67% -3.98% 14.84% -10.05% -0.02% 8.40% 19.54%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
74.75% 76.76% 79.30% 76.26% 76.30% 72.34% 74.69% 75.48% 75.32% 73.80%
Operating Margin
5.88% 10.20% 11.61% 10.00% 9.42% 6.13% 6.20% 9.40% 8.12% 8.05%
EBIT Margin
5.88% 10.20% 11.61% 10.00% 9.42% 6.13% 6.20% 9.40% 8.12% 8.05%
Profit (Net Income) Margin
2.56% 5.90% 7.33% 6.28% 6.01% 3.22% 3.42% 5.70% 13.85% 9.23%
Tax Burden Percent
58.52% 67.16% 71.07% 71.55% 72.78% 65.15% 69.59% 69.87% 200.64% 137.49%
Interest Burden Percent
74.29% 86.06% 88.84% 87.72% 87.66% 80.61% 79.28% 86.82% 85.00% 83.42%
Effective Tax Rate
41.48% 32.84% 28.93% 28.45% 27.22% 34.85% 30.41% 30.13% -100.64% -37.49%
Return on Invested Capital (ROIC)
9.38% 16.72% 21.36% 18.23% 18.29% 9.34% 11.17% 16.94% 41.52% 24.49%
ROIC Less NNEP Spread (ROIC-NNEP)
5.56% 15.39% 19.74% 16.93% 16.81% 8.34% 9.48% 15.44% 37.09% 22.17%
Return on Net Nonoperating Assets (RNNOA)
0.98% 10.82% 12.12% 11.80% 9.61% 6.43% 5.52% 8.95% 20.18% 17.58%
Return on Equity (ROE)
10.36% 27.54% 33.48% 30.02% 27.90% 15.78% 16.69% 25.89% 61.70% 42.07%
Cash Return on Invested Capital (CROIC)
19.16% 18.13% 26.11% 25.40% 23.86% 15.65% 14.55% 14.81% 8.71% 5.84%
Operating Return on Assets (OROA)
10.51% 17.02% 19.16% 16.79% 15.43% 9.89% 10.00% 15.30% 13.38% 13.20%
Return on Assets (ROA)
4.57% 9.84% 12.10% 10.54% 9.85% 5.19% 5.52% 9.28% 22.82% 15.14%
Return on Common Equity (ROCE)
10.36% 27.54% 33.48% 30.02% 27.90% 15.78% 16.69% 25.89% 61.70% 42.07%
Return on Equity Simple (ROE_SIMPLE)
17.73% 0.00% 20.45% 23.14% 26.14% 0.00% 19.27% 18.79% 25.09% 0.00%
Net Operating Profit after Tax (NOPAT)
22 42 54 42 40 23 28 39 99 69
NOPAT Margin
3.44% 6.85% 8.25% 7.16% 6.85% 3.99% 4.32% 6.57% 16.30% 11.07%
Net Nonoperating Expense Percent (NNEP)
3.82% 1.33% 1.61% 1.30% 1.48% 1.00% 1.69% 1.50% 4.43% 2.32%
Return On Investment Capital (ROIC_SIMPLE)
- 3.61% - - - 1.95% - - - 5.33%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
18.01% 18.36% 16.07% 18.17% 18.73% 22.33% 19.84% 18.22% 18.33% 19.70%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
94.12% 89.80% 88.39% 90.00% 90.58% 93.87% 93.80% 90.60% 91.88% 91.95%
Earnings before Interest and Taxes (EBIT)
37 62 76 59 55 35 40 56 49 50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
468 470 519 452 445 418 479 447 457 460
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.33 1.46 1.95 2.51 2.51 2.31 2.63 2.57 3.25 2.70
Price to Tangible Book Value (P/TBV)
5.01 5.22 6.32 7.66 7.34 6.71 7.59 7.34 7.99 6.26
Price to Revenue (P/Rev)
0.29 0.32 0.45 0.60 0.62 0.57 0.64 0.63 0.85 0.71
Price to Earnings (P/E)
7.50 8.46 9.52 10.85 9.62 9.84 13.66 13.70 12.97 8.90
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.35% 0.69% 0.74% 1.14%
Earnings Yield
13.34% 11.83% 10.51% 9.21% 10.40% 10.17% 7.32% 7.30% 7.71% 11.24%
Enterprise Value to Invested Capital (EV/IC)
1.20 1.26 1.60 1.96 2.01 1.75 2.03 1.99 2.42 1.92
Enterprise Value to Revenue (EV/Rev)
0.43 0.50 0.58 0.74 0.74 0.75 0.79 0.77 1.00 0.94
Enterprise Value to EBITDA (EV/EBITDA)
0.56 0.65 0.76 0.96 0.95 0.98 1.05 1.03 1.35 1.25
Enterprise Value to EBIT (EV/EBIT)
6.23 6.97 6.97 7.80 7.13 7.99 9.93 9.91 13.46 11.82
Enterprise Value to NOPAT (EV/NOPAT)
9.15 10.47 10.26 11.39 10.09 11.29 14.10 14.18 12.78 9.80
Enterprise Value to Operating Cash Flow (EV/OCF)
4.79 5.34 4.91 6.26 7.15 8.82 10.30 9.69 17.99 16.63
Enterprise Value to Free Cash Flow (EV/FCFF)
6.06 6.70 5.77 7.38 8.25 11.19 13.96 13.38 29.32 35.46
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.04 1.04 1.01 1.00 0.99 1.00 1.01 1.02 0.94 0.99
Long-Term Debt to Equity
1.04 1.04 1.01 1.00 0.99 1.00 1.01 1.02 0.94 0.99
Financial Leverage
0.18 0.70 0.61 0.70 0.57 0.77 0.58 0.58 0.54 0.79
Leverage Ratio
1.79 2.49 2.53 2.57 2.56 2.57 2.54 2.50 2.39 2.42
Compound Leverage Factor
1.33 2.14 2.25 2.26 2.24 2.07 2.01 2.17 2.03 2.02
Debt to Total Capital
51.04% 50.88% 50.28% 49.91% 49.74% 50.04% 50.32% 50.47% 48.47% 49.74%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
51.04% 50.88% 50.28% 49.91% 49.74% 50.04% 50.32% 50.47% 48.47% 49.74%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
48.96% 49.12% 49.72% 50.09% 50.26% 49.96% 49.68% 49.53% 51.53% 50.26%
Debt to EBITDA
0.29 0.30 0.30 0.31 0.31 0.32 0.33 0.33 0.33 0.35
Net Debt to EBITDA
0.18 0.23 0.18 0.18 0.16 0.24 0.19 0.19 0.21 0.30
Long-Term Debt to EBITDA
0.29 0.30 0.30 0.31 0.31 0.32 0.33 0.33 0.33 0.35
Debt to NOPAT
4.81 4.78 4.10 3.68 3.32 3.71 4.45 4.57 3.13 2.74
Net Debt to NOPAT
3.01 3.71 2.37 2.11 1.67 2.74 2.55 2.64 1.96 2.33
Long-Term Debt to NOPAT
4.81 4.78 4.10 3.68 3.32 3.71 4.45 4.57 3.13 2.74
Altman Z-Score
3.52 3.58 3.85 4.16 4.17 3.91 4.20 4.22 4.86 4.42
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.98 1.53 2.00 2.30 2.36 1.64 2.17 2.01 2.88 1.97
Quick Ratio
1.62 1.14 1.64 1.87 1.98 1.19 1.82 1.68 2.25 1.31
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
84 111 166 130 80 24 29 47 -8.25 -101
Operating Cash Flow to CapEx
6,392.77% -1,868.21% 9,409.38% 1,769.78% 3,399.42% -3,337.30% 6,519.36% 2,910.88% 1,564.57% -3,726.86%
Free Cash Flow to Firm to Interest Expense
8.88 0.00 19.59 0.00 0.00 0.00 3.53 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
13.46 0.00 18.54 0.00 0.00 0.00 16.45 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
13.25 0.00 18.34 0.00 0.00 0.00 16.20 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.79 1.67 1.65 1.68 1.64 1.61 1.61 1.63 1.65 1.64
Accounts Receivable Turnover
0.00 39.72 39.64 40.45 43.49 36.38 40.64 41.75 39.31 33.27
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
103.88 0.00 106.50 101.29 100.13 0.00 106.17 106.04 106.67 108.17
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 9.19 9.21 9.02 8.39 10.03 8.98 8.74 9.29 10.97
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 9.19 9.21 9.02 8.39 10.03 8.98 8.74 9.29 10.97
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
935 1,030 926 932 895 1,028 925 925 1,002 1,198
Invested Capital Turnover
2.72 2.44 2.59 2.55 2.67 2.34 2.59 2.58 2.55 2.21
Increase / (Decrease) in Invested Capital
-62 -69 -112 -87 -40 -1.37 -1.39 -7.79 107 170
Enterprise Value (EV)
1,122 1,294 1,480 1,830 1,800 1,802 1,880 1,840 2,424 2,304
Market Capitalization
753 835 1,138 1,491 1,503 1,365 1,540 1,497 2,052 1,756
Book Value per Share
$11.22 $11.40 $12.17 $12.70 $13.09 $13.22 $13.39 $13.48 $14.90 $15.65
Tangible Book Value per Share
$2.98 $3.20 $3.75 $4.16 $4.48 $4.55 $4.65 $4.73 $6.07 $6.75
Total Capital
1,157 1,161 1,176 1,185 1,190 1,184 1,178 1,175 1,224 1,294
Total Debt
591 591 591 592 592 592 593 593 593 644
Total Long-Term Debt
591 591 591 592 592 592 593 593 593 644
Net Debt
369 459 341 339 297 437 340 343 372 548
Capital Expenditures (CapEx)
1.99 2.18 1.67 2.71 2.56 2.65 2.08 1.90 2.04 2.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-54 -40 -63 -41 -54 -35 -51 -63 19 35
Debt-free Net Working Capital (DFNWC)
167 92 187 212 241 120 202 187 241 131
Net Working Capital (NWC)
167 92 187 212 241 120 202 187 241 131
Net Nonoperating Expense (NNE)
5.54 5.84 6.03 5.21 4.93 4.47 5.74 5.13 15 11
Net Nonoperating Obligations (NNO)
369 459 341 339 297 437 340 343 372 548
Total Depreciation and Amortization (D&A)
431 407 443 393 390 382 440 391 407 410
Debt-free, Cash-free Net Working Capital to Revenue
-2.07% -1.55% -2.49% -1.65% -2.21% -1.47% -2.12% -2.64% 0.78% 1.42%
Debt-free Net Working Capital to Revenue
6.36% 3.53% 7.34% 8.52% 9.86% 4.98% 8.44% 7.81% 9.95% 5.30%
Net Working Capital to Revenue
6.36% 3.53% 7.34% 8.52% 9.86% 4.98% 8.44% 7.81% 9.95% 5.30%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.32 $0.69 $1.00 $0.80 $0.77 $0.45 $0.50 $0.79 $1.99 $1.35
Adjusted Weighted Average Basic Shares Outstanding
50.46M 51.92M 47.85M 46.47M 45.52M 46.03M 43.70M 42.96M 42.26M 42.58M
Adjusted Diluted Earnings per Share
$0.32 $0.69 $1.00 $0.79 $0.76 $0.43 $0.49 $0.77 $1.94 $1.33
Adjusted Weighted Average Diluted Shares Outstanding
50.55M 52.08M 48.14M 46.90M 46.13M 46.55M 44.53M 43.72M 43.17M 43.55M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.69 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
50.03M 48.04M 46.74M 45.71M 44.72M 43.69M 43.17M 42.32M 41.54M 40.82M
Normalized Net Operating Profit after Tax (NOPAT)
27 42 54 42 40 23 28 39 34 35
Normalized NOPAT Margin
4.39% 6.85% 8.25% 7.16% 6.85% 3.99% 4.32% 6.57% 5.69% 5.63%
Pre Tax Income Margin
4.37% 8.78% 10.32% 8.77% 8.25% 4.94% 4.92% 8.16% 6.90% 6.71%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
3.89 0.00 8.96 0.00 0.00 0.00 4.83 0.00 0.00 0.00
NOPAT to Interest Expense
2.28 0.00 6.37 0.00 0.00 0.00 3.36 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
3.68 0.00 8.76 0.00 0.00 0.00 4.57 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
2.07 0.00 6.17 0.00 0.00 0.00 3.11 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.34%
Augmented Payout Ratio
200.60% 226.52% 152.16% 86.62% 92.43% 100.53% 113.09% 117.92% 81.81% 80.63%

Frequently Asked Questions About PROG's Financials

When does PROG's fiscal year end?

According to the most recent income statement we have on file, PROG's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has PROG's net income changed over the last 6 years?

PROG's net income appears to be on an upward trend, with a most recent value of $197.25 million in 2024, rising from $196.21 million in 2018. The previous period was $138.84 million in 2023.

What is PROG's operating income?
PROG's total operating income in 2024 was $194.90 million, based on the following breakdown:
  • Total Gross Profit: $2.46 billion
  • Total Operating Expenses: $2.27 billion
How has PROG revenue changed over the last 6 years?

Over the last 6 years, PROG's total revenue changed from $37.32 million in 2018 to $2.46 billion in 2024, a change of 6,501.4%.

How much debt does PROG have?

PROG's total liabilities were at $863.49 million at the end of 2024, a 4.0% decrease from 2023, and a 44.7% decrease since 2019.

How much cash does PROG have?

In the past 5 years, PROG's cash and equivalents has ranged from $36.65 million in 2020 to $170.16 million in 2021, and is currently $95.66 million as of their latest financial filing in 2024.

How has PROG's book value per share changed over the last 6 years?

Over the last 6 years, PROG's book value per share changed from 0.00 in 2018 to 15.65 in 2024, a change of 1,565.3%.

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This page (NYSE:PRG) was last updated on 4/17/2025 by MarketBeat.com Staff
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