The Progressive Corporation (PGR) vs S&P Global Inc. (SPGI)
PGR leads on 12 of 17 compared metrics.
A side-by-side comparison of The Progressive Corporation and S&P Global Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
PGR
The Progressive Corporation
$203.11Financial Services
SPGI
S&P Global Inc.
$418.91Financial Services
Total return — PGR vs SPGI
growth of $100 · last 30yPGR +5107.9%SPGI +3399.7%PGR compounded faster
PGR SPGI
PGR vs SPGI: by the numbers
- •SPGI is the larger company ($124.00B vs $118.68B market cap).
- •PGR trades at the lower earnings multiple (10.33 vs 26.51 P/E).
- •SPGI converts more revenue to profit (30.37% vs 12.93% net margin).
- •SPGI grew revenue faster over the past five years (15.44% vs 14.85% CAGR).
- •SPGI pays the higher dividend yield (0.92% vs 0.15%).
Which is better, PGR or SPGI?
Metric tally: PGR 12 · SPGI 5It depends on what you're optimizing for:
ValuePGR(lower P/E)
GrowthSPGI(faster 5Y revenue CAGR)
IncomeSPGI(higher dividend yield)
QualityPGR(higher ROIC)
Valuation
| Metric | PGR | SPGI |
|---|---|---|
| P/E ratio | 10.33● | 26.51 |
| Forward P/E | 12.37● | 18.84 |
| P/S ratio | 1.33● | 7.93 |
| P/B ratio | 3.72● | 4.00 |
| PEG ratio | 0.35● | 1.91 |
| EV / EBITDA | 8.45● | 17.45 |
| FCF yield | 13.77%● | 4.46% |
Profitability
| Metric | PGR | SPGI |
|---|---|---|
| Gross margin | 28.44% | 70.47%● |
| Operating margin | 16.27% | 43.88%● |
| Net margin | 12.93% | 30.37%● |
| ROE | 36.08%● | 15.32% |
| ROIC | 20.74%● | 9.22% |
Dividends
| Metric | PGR | SPGI |
|---|---|---|
| Dividend yield | 0.15% | 0.92%● |
| Payout ratio | 1.56% | 26.31% |
Growth (annualized)
| Metric | PGR | SPGI |
|---|---|---|
| Revenue CAGR (5Y) | 14.85% | 15.44%● |
| EPS CAGR (5Y) | 14.72%● | 8.60% |
| FCF CAGR (5Y) | 16.41%● | 9.24% |
| Total return CAGR (5Y) | 17.02%● | 2.16% |
Frequently asked
- Which is better, PGR or SPGI?
- It depends on your goal. value: PGR (lower P/E); growth: SPGI (faster 5Y revenue CAGR); income: SPGI (higher dividend yield); quality: PGR (higher ROIC). Across all compared metrics, PGR leads 12 to 5.
- Is PGR or SPGI cheaper?
- On trailing earnings, PGR is cheaper: PGR trades at a 10.33 P/E and SPGI at 26.51.
- Which has grown faster, PGR or SPGI?
- Over the past five years, SPGI grew revenue faster — PGR at a 14.85% CAGR versus SPGI at 15.44%.
- Does PGR or SPGI pay a bigger dividend?
- PGR yields 0.15% and SPGI yields 0.92% based on trailing dividends and the latest price.
- Is PGR or SPGI more profitable?
- SPGI runs the higher net margin — PGR at 12.93% versus SPGI at 30.37%.
- Which has been the better investment, PGR or SPGI?
- Over the past 10-year, PGR delivered the higher annualized total return — PGR at 21.21% versus SPGI at 15.62%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Progressive P/E ratioS&P Global P/E ratioProgressive dividend yieldS&P Global dividend yieldProgressive ROES&P Global ROEProgressive operating marginS&P Global operating marginProgressive revenue growthS&P Global revenue growthProgressive free cash flowS&P Global free cash flow
Progressive & S&P Global appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.