According to Progressive's latest financial reports and stock price the company's current Operating Margin is 14.58%. At the end of 2024 the company had an Operating Margin of 14.22%.
Year | Operating Margin | Change |
---|---|---|
2024 | 14.22% | 80.02% |
2023 | 7.90% | 324.76% |
2022 | 1.86% | -78.94% |
2021 | 8.83% | -47.51% |
2020 | 16.82% | 27.14% |
2019 | 13.23% | 33.66% |
2018 | 9.90% | 24.12% |
2017 | 7.98% | 27% |
2016 | 6.28% | -31.56% |
2015 | 9.18% | -6.78% |
2014 | 9.84% | 3.91% |
2013 | 9.47% | 22.72% |
2012 | 7.72% | -18.18% |
2011 | 9.43% | -8.4% |
2010 | 10.30% | -3.66% |
2009 | 10.69% | -717.48% |
2008 | -1.73% | -115.02% |
2007 | 11.53% | -29.95% |
2006 | 16.46% | 14.32% |
2005 | 14.39% | -19.05% |
2004 | 17.78% | 13.71% |
2003 | 15.64% | 48.1% |
2002 | 10.56% | 34.56% |
2001 | 7.85% |
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.