The Progressive Corporation (PGR) vs S&P Global Inc. (SPGI)
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 September 10, 2026. Differences are shown without an overall score or investment verdict.
PGR
The Progressive Corporation
$217.62Financial ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT
SPGI
S&P Global Inc.
$410.71Financial ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — PGR vs SPGI
growth of $100 · dividends reinvested · last 10yPGR +706.8% (+23.2%/yr)SPGI +271.7% (+14.0%/yr)PGR compounded faster over this window
PGR SPGI
PGR vs SPGI: by the numbers
- •PGR is the larger company ($126.52B vs $121.08B market cap).
- •PGR trades at the lower trailing earnings multiple (10.91 vs 25.01 P/E), one valuation lens rather than an overall verdict.
- •SPGI converts more revenue to profit (30.53% vs 12.85% net margin).
- •SPGI grew revenue faster over the past five years (15.53% vs 14.79% CAGR).
- •SPGI pays the higher dividend yield (0.93% vs 0.14%).
Metrics side by side
Valuation
| Metric | PGR | SPGI |
|---|---|---|
| P/E ratio | 10.91 | 25.01 |
| Forward P/E | 12.14 | 22.94 |
| P/S ratio | 1.39 | 7.51 |
| P/B ratio | N/A | 3.83 |
Profitability
| Metric | PGR | SPGI |
|---|---|---|
| Gross margin | 26.91% | 70.90% |
| Operating margin | 16.23% | 46.27% |
| Net margin | 12.85% | 30.53% |
| ROE | 34.06% | 15.57% |
Dividends
| Metric | PGR | SPGI |
|---|---|---|
| Dividend yield | 0.14% | 0.93% |
| Payout ratio | 1.50% | 23.57% |
Growth (annualized)
| Metric | PGR | SPGI |
|---|---|---|
| Revenue CAGR (5Y) | 14.79% | 15.53% |
| EPS CAGR (5Y) | 14.72% | 8.60% |
| Total return CAGR (5Y) | 19.08% | -0.68% |
Frequently asked
- Which has the lower trailing P/E, PGR or SPGI?
- PGR has the lower trailing P/E: PGR trades at 10.91 and SPGI at 25.01. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, PGR or SPGI?
- Over the past five years, SPGI grew revenue faster — PGR at a 14.79% CAGR versus SPGI at 15.53%.
- Does PGR or SPGI pay a bigger dividend?
- PGR yields 0.14% and SPGI yields 0.93% based on trailing dividends and the latest price.
- Is PGR or SPGI more profitable?
- SPGI runs the higher net margin — PGR at 12.85% versus SPGI at 30.53%.
- How have PGR and SPGI total returns compared?
- Over the past 10 years, PGR delivered 23.18% and SPGI delivered 14.13% annualized total return. 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 growth
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 September 10, 2026.