Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 16.59% is 57% above its 5-year average of 10.59%, near the high end of its 5-year range (-4.79%–18.46%).
2.08% below its 12-month average of 16.94%.
Reported quarterly EBITDA margin; no daily interpolation. Q2 FY2026 (2026-06-30): 18.16%.
EBITDA MARGIN
16.59%
EBITDA MARGIN AVG TTM
16.94%
EBITDA MARGIN AVG 3Y
16.40%
EBITDA MARGIN AVG 5Y
10.59%
EBITDA MARGIN AVG 10Y
11.72%
EBITDA MARGIN AVG 15Y
10.94%
EBITDA MARGIN AVG 20Y
11.43%
CURRENT VS TTM AVG
-2.08%
CURRENT VS 3Y AVG
+1.17%
CURRENT VS 5Y AVG
+56.65%
CURRENT VS 10Y AVG
+41.56%
CURRENT VS 15Y AVG
+51.64%
CURRENT VS 20Y AVG
+45.12%
The Progressive Corporation
Market Cap
$128.67B
EBITDA Margin
16.59%
TTM Avg
16.94%
3Y Avg
16.40%
5Y Avg
10.59%
Market Cap
$128.58B
EBITDA Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$126.90B
EBITDA Margin
10.89%
TTM Avg
13.93%
3Y Avg
19.76%
5Y Avg
26.74%
Market Cap
$106.16B
EBITDA Margin
22.03%
TTM Avg
20.69%
3Y Avg
21.55%
5Y Avg
27.33%
Market Cap
$153.45B
EBITDA Margin
86.93%
TTM Avg
86.09%
3Y Avg
83.48%
5Y Avg
78.14%
Market Cap
$99.30B
EBITDA Margin
48.74%
TTM Avg
43.53%
3Y Avg
-1.12%
5Y Avg
-15.18%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Progressive Corporation (PGR) | $128.67B | 16.59% | 16.94% | 16.40% | 10.59% |
| Vanguard Dividend Appreciation ETF (VIG)vs › | $128.58B | N/A | N/A | N/A | N/A |
| Capital One Financial Corporation (COF)vs › | $126.90B | 10.89% | 13.93% | 19.76% | 26.74% |
| Chubb Limited (CB)vs › | $131.89B | 22.32% | 21.65% | 19.67% | 19.29% |
| S&P Global Inc. (SPGI)vs › | $121.61B | 49.93% | 48.73% | 48.01% | 49.41% |
| Bank of New York Mellon Corp (BNY)vs › | $106.16B | 22.03% | 20.69% | 21.55% | 27.33% |
| Blackstone Inc. (BX)vs › | $153.05B | 52.17% | 54.64% | 49.24% | 54.61% |
| Interactive Brokers Group, Inc. (IBKR)vs › | $153.45B | 86.93% | 86.09% | 83.48% | 78.14% |
| Robinhood Markets, Inc. (HOOD)vs › | $99.30B | 48.74% | 43.53% | -1.12% | -15.18% |
| CME Group Inc. (CME)vs › | $98.92B | 69.08% | 69.35% | 68.48% | 67.01% |
Gross Margin
26.9%
EBITDA Margin
16.6%
Operating Margin
16.2%
Net Margin
12.8%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-06-30 | 18.16% |
| 2026-03-31 | 16.42% |
| 2025-12-31 | 16.56% |
| 2025-09-30 | 15.12% |
| 2025-06-30 | 18.46% |
| 2025-03-31 | 16.20% |
| 2024-12-31 | 15.02% |
| 2024-09-30 | 15.30% |
| 2024-06-30 | 10.64% |
| 2024-03-31 | 17.46% |
| 2023-12-31 | 15.28% |
| 2023-09-30 | 9.53% |
| 2023-06-30 | 3.31% |
| 2023-03-31 | 4.35% |
| 2022-12-31 | 8.24% |
| 2022-09-30 | 1.77% |
| 2022-06-30 | -4.79% |
| 2022-03-31 | 4.02% |
| 2021-12-31 | 10.37% |
| 2021-09-30 | 1.92% |
| 2021-06-30 | 9.08% |
| 2021-03-31 | 17.00% |
| 2020-12-31 | 19.23% |
| 2020-09-30 | 18.36% |
| 2020-06-30 | 21.43% |
| 2020-03-31 | 10.21% |
| 2019-12-31 | 13.25% |
| 2019-09-30 | 11.37% |
| 2019-06-30 | 14.01% |
| 2019-03-31 | 17.62% |
| 2018-12-31 | 3.90% |
| 2018-09-30 | 14.13% |
| 2018-06-30 | 11.78% |
| 2018-03-31 | 13.06% |
| 2017-12-31 | 10.58% |
| 2017-09-30 | 4.59% |
| 2017-06-30 | 9.29% |
| 2017-03-31 | 11.05% |
| 2016-12-31 | 9.73% |
| 2016-09-30 | 5.24% |
| 2016-06-30 | 5.74% |
| 2016-03-31 | 7.75% |
| 2015-12-31 | 10.33% |
| 2015-09-30 | 8.94% |
| 2015-06-30 | 10.74% |
| 2015-03-31 | 9.55% |
| 2014-12-31 | 11.06% |
| 2014-09-30 | 9.79% |
| 2014-06-30 | 9.74% |
| 2014-03-31 | 10.73% |
| 2013-12-31 | 9.80% |
| 2013-09-30 | 8.21% |
| 2013-06-30 | 11.15% |
| 2013-03-31 | 10.98% |
| 2012-12-31 | 7.99% |
| 2012-09-30 | 9.86% |
| 2012-06-30 | 4.57% |
| 2012-03-31 | 9.86% |
| 2011-12-31 | 10.14% |
| 2011-09-30 | 6.38% |
| 2011-06-30 | 10.11% |
| 2011-03-31 | 14.86% |
| 2010-12-31 | 12.80% |
| 2010-09-30 | 11.14% |
| 2010-06-30 | 9.41% |
| 2010-03-31 | 12.83% |
| 2009-12-31 | 12.53% |
| 2009-09-30 | 10.38% |
| 2009-06-30 | 10.79% |
| 2009-03-31 | 11.72% |
| 2008-12-31 | 7.26% |
| 2008-09-30 | -47.37% |
| 2008-06-30 | 9.51% |
| 2008-03-31 | 10.25% |
| 2007-12-31 | 12.14% |
| 2007-09-30 | 12.25% |
| 2007-06-30 | 12.23% |
| 2007-03-31 | 15.16% |
| 2006-12-31 | 18.67% |
| 2006-09-30 | 16.92% |
| 2006-06-30 | 16.64% |
| 2006-03-31 | 18.35% |
| 2005-12-31 | 13.69% |
| 2005-09-30 | 13.01% |
| 2005-06-30 | 16.98% |
| 2005-03-31 | 18.24% |
| 2004-12-31 | 18.69% |
| 2004-09-30 | 17.60% |
| 2004-06-30 | 17.78% |
| 2004-03-31 | 21.39% |
| 2003-12-31 | 17.55% |
| 2003-09-30 | 16.15% |
| 2003-06-30 | 15.28% |
| 2003-03-31 | 16.67% |
| 2002-12-31 | 9.49% |
| 2002-09-30 | 11.80% |
