Market Cap : 71.37 B | Enterprise Value : 77.88 B | PE Ratio : 87.15 | PB Ratio : 4.72 |
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Progressive's net income for the three months ended in Jun. 2022 was $-543 Mil. Its net income for the trailing twelve months (TTM) ended in Jun. 2022 was $852 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Progressive's Earnings per Share (Diluted) for the three months ended in Jun. 2022 was $-0.94.
The historical data trend for Progressive's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Progressive's Net Income for the fiscal year that ended in Dec. 2021 is calculated as
Net Income | (A: Dec. 2021 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 4210 | + | -859.1 | + | 0 | + | 0 |
= | 3,351 |
Progressive's Net Income for the quarter that ended in Jun. 2022 is calculated as
Net Income | (Q: Jun. 2022 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -635.9 | + | 93 | + | 0 | + | 0 |
= | -543 |
Net Income for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $852 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Progressive's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2022 is calculated as
Earnings per Share (Diluted) (Q: Jun. 2022 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (-542.9 | - | 6.7) | / | 586.500 | |
= | -0.94 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Progressive's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Craig Pamela | director | C/O ACCENTURE 161 N CLARK STREET CHICAGO IL 60601 |
Clawson William L. Ii | officer: Chief Human Resources Officer | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Kent Remi | officer: Chief Marketing Officer | 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Bauer Jonathan S. | officer: Chief Investment Officer | 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Marshall Mariann Wojtkun | officer: Chief Accounting Officer | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS RD. MAYFIELD VILLAGE OH 44143 |
Tighe Jan E | director | C/O GOLDMAN SACHS & CO. LLC 200 WEST STREET NEW YORK NY 10282 |
Snyder Barbara R | director | 127 PUBLIC SQUARE CLEVELAND OH 44114 |
Quigg Andrew J | officer: Chief Strategy Officer | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Bleser Philip | director | 8760 CLAY ROAD SUITE 100 HOUSTON TX 77494 |
Broz Steven | officer: Chief Information Officer | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Niederst Lori A | officer: CRM President | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Bailo Karen | officer: Commercial Lines President | 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Mascaro Daniel P | officer: Vice Pres, Secretary and CLO | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Murphy John Jo | officer: Claims President | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Callahan Patrick K | officer: Personal Lines President | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
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