ProgressiveMEX:PGR +2.40%88 FCF Margin % is 19.40% as of Mar. 2026, which is 23% above its 10-year median of 15.72. GuruFocus rates MEX:PGR with a GF Score™ of 88/100 and a GF Value™ of MXN4,716.11 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 501 Insurance companies, Progressive ranks better than 71.26% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Progressive's Free Cash Flow for the
three
months ended in Mar. 2026 was MXN77,613 Mil. Progressive's Revenue for the
three
months ended in Mar. 2026 was MXN399,965 Mil. Therefore, Progressive's FCF Margin % for the quarter that ended in Mar. 2026 was 19.40%.
The historical rank and industry rank for Progressive's FCF Margin % or its related term are showing as below:
MEX:PGR'
s FCF Margin % Range Over the Past 10 Years
Min: 10.75 Med: 15.72 Max: 19.69
Current: 18.38
During the past 13 years, the highest FCF Margin % of Progressive was 19.69%. The lowest was 10.75%. And the median was 15.72%.
MEX:PGR's FCF Margin % is ranked better than 71.26% of 501
companies
in the Insurance industry
Industry Median: 9.6
vs MEX:PGR: 18.38
Progressive FCF Margin % Related Terms
Progressive FCF Margin % Historical Data
* Premium members only.
The historical data trend for Progressive's FCF Margin % 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.
For the Insurance - Property & Casualty subindustry, Progressive's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Progressive FCF Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Progressive's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Progressive's FCF Margin % falls into.
* 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.
Progressive (MEX:PGR) has a FCF Margin % of 19.40% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Progressive and its competitors. This is 23% above median its historical median of 15.72. Over the past decade, Progressive's FCF Margin % has ranged from 10.75 to 19.69. According to the industry distribution chart, Progressive ranks #144 out of 501 companies in the Insurance industry, placing it in the top 28.7%.
Is Progressive's FCF Margin % too high?
Progressive's current FCF Margin % of 19.40% is 23% above median its 10-year median of 15.72. Over the past 10 years, this metric has ranged from a low of 10.75 to a high of 19.69. The Insurance industry median FCF Margin % is 9.60. Progressive's value of 19.40% is 102.1% above this industry median. Based on the distribution chart, Progressive ranks #144 out of 501 companies in the Insurance industry, which is above the industry midpoint. Overall, Progressive has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Progressive's FCF Margin % compare to CB and TRV?
According to the Insurance industry distribution chart, Progressive ranks #144 out of 501 companies for FCF Margin %. This puts Progressive in the upper half of its industry. The industry median FCF Margin % is 9.60. Progressive's value of 19.40% is 102.1% above this benchmark. Historically, Progressive's own FCF Margin % has ranged from 10.75 to 19.69 over the past decade. While the company's 10-year median is 15.72 vs. the industry median of 9.60, Progressive has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Insurance company?
The median FCF Margin % among Insurance companies is 9.60, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progressive's current FCF Margin % of 19.40% is 102.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Progressive and its competitors. For the Insurance industry, the median FCF Margin % is 9.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive's current FCF Margin % is 19.40%, which is 23% above median its own 10-year median of 15.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive stock overvalued right now?
Based on GuruFocus' analysis, Progressive (MEX:PGR) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN4,716.11, compared to a current price of MXN3,878.20 — trading 17.8% below its estimated fair value. The current FCF Margin % is 19.40%, which is 23% above median its 10-year median of 15.72 and 102.1% above the Insurance industry median of 9.60. Progressive's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Progressive (MEX:PGR), the current FCF Margin % is 19.40% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Progressive (MEX:PGR) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive stock appears to be undervalued.
The current stock price of MXN3,878.20 is trading 17.8% below its estimated GF Value™ of MXN4,716.11.
GuruFocus considers Progressive to be Modestly Undervalued.
Key valuation signals for MEX:PGR:
FCF Margin %: 19.40% (23% above median its 10-year median of 15.72)
GF Value™: MXN4,716.11 vs. price of MXN3,878.20 (17.8% below fair value)
Industry Position: 102.1% above the Insurance median (#144 of 501)
No single metric tells the full story. See the MEX:PGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 27 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
88GF Score
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