PRG · Prog Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.41B | $2.46B | $2.41B | $2.60B | $2.68B | $2.48B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $378.58M | $363.54M | - | - | - | - |
| Total Operating Expenses | $2.21B | $2.27B | $2.18B | $2.41B | $397.40M | $373.46M |
| D&A | $24.03M | $26.98M | $9.30M | $11.00M | $11.00M | $9.70M |
| Operating Income | $206.77M | $194.90M | $225.63M | $185.65M | $333.53M | $271.76M |
| Interest Expense | $49.27M | $39.45M | - | $37.40M | $5.32M | $187.0K |
| Income Tax | $50.17M | ($33.64M) | $57.38M | $49.53M | $84.65M | $37.95M |
| Net Income | $146.79M | $197.25M | $138.84M | $98.71M | $243.56M | ($61.47M) |
| EPS - Basic | $3.66 | $4.63 | $3.02 | $1.90 | $3.69 | ($0.91) |
| EPS - Diluted | $3.59 | $4.53 | $2.98 | $1.90 | $3.67 | ($0.90) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $308.77M | $95.66M | $155.42M | $131.88M | $170.16M | $36.65M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $1.61B | $1.51B | $1.49B | $1.49B | $1.62B | $1.32B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $594.86M | $643.56M | $592.26M | $590.97M | $589.65M | $50.00M |
| Total Liabilities | $863.99M | $863.49M | $899.92M | $921.45M | $942.35M | $331.27M |
| Stockholders' Equity | $746.42M | $650.28M | $591.33M | $570.46M | $679.41M | $1.73B |
| Retained Earnings | $1.59B | $1.47B | $1.29B | $1.15B | $1.06B | $1.24B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $334.96M | $138.53M | $204.24M | $242.48M | $245.96M | $455.96M |
| Investing Cash Flow | $6.64M | ($79.17M) | ($38.83M) | ($53.53M) | ($82.17M) | ($114.53M) |
| Financing Cash Flow | ($128.49M) | ($119.12M) | ($141.87M) | ($227.22M) | ($30.28M) | ($362.55M) |
| CapEx | $10.04M | $8.32M | $9.62M | $9.67M | $9.55M | $64.34M |
| Free Cash Flow | $324.92M | $130.21M | $194.62M | $232.81M | $236.41M | $391.62M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 8.6% | 7.9% | 9.4% | 7.1% | 12.5% | 10.9% |
| EBITDA margin | 9.6% | 9.0% | 9.8% | 7.6% | 12.9% | 11.3% |
| Net margin | 6.1% | 8.0% | 5.8% | 3.8% | 9.1% | -2.5% |
| Free cash flow margin | 13.5% | 5.3% | 8.1% | 9.0% | 8.8% | 15.8% |
| FCF / Net income | 2.21 | 0.66 | 1.40 | 2.36 | 0.97 | -6.37 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 15.7% | 14.8% | - | - | - | - |
| Effective tax rate | 25.5% | -20.6% | 29.2% | 33.4% | 25.8% | - |
| Return on assets | 9.1% | 13.0% | 9.3% | 6.6% | 15.0% | -4.7% |
| Return on equity | 19.7% | 30.3% | 23.5% | 17.3% | 35.8% | -3.6% |
| Return on invested capital | 11.5% | 15.1% | 13.5% | 10.6% | 19.5% | 12.1% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.80 | 0.99 | 1.00 | 1.04 | 0.87 | 0.03 |
| Debt / Assets | 0.37 | 0.43 | 0.40 | 0.40 | 0.36 | 0.04 |
| Debt / EBITDA | 2.58 | 2.90 | 2.52 | 3.01 | 1.71 | 0.18 |
| Interest coverage | 4.2x | 4.9x | - | 5.0x | 62.7x | 1453.3x |
| Equity multiplier | 2.16 | 2.33 | 2.52 | 2.62 | 2.39 | 0.76 |
| Liabilities / Assets | 0.54 | 0.57 | 0.60 | 0.62 | 0.58 | 0.25 |
| Efficiency | ||||||
| Asset turnover | 1.50 | 1.63 | 1.61 | 1.74 | 1.65 | 1.89 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 8.2x | 9.3x | 10.4x | 8.9x | 12.3x | - |
| P / B | 1.6x | 2.8x | 2.4x | 1.5x | 4.4x | 2.1x |
| P / S | 0.5x | 0.7x | 0.6x | 0.3x | 1.1x | 1.5x |
| EV / EBITDA | 6.5x | 10.8x | 8.0x | 6.8x | 9.9x | 13.1x |
| Growth | ||||||
| Revenue growth (YoY) | -2.2% | 2.3% | -7.3% | -3.0% | 7.8% | - |
| Revenue CAGR (3y) | -2.5% | -2.7% | -1.0% | - | - | - |
| Revenue CAGR (5y) | -0.6% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 6.1% | -13.6% | 21.5% | -44.3% | 22.7% | - |
| Net income growth (YoY) | -25.6% | 42.1% | 40.7% | -59.5% | - | - |
| EPS growth (YoY) | -20.8% | 52.0% | 56.8% | -48.2% | - | - |
| EPS CAGR (3y) | 23.6% | 7.3% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 149.5% | -33.1% | -16.4% | -1.5% | -39.6% | - |
| FCF CAGR (5y) | -3.7% | - | - | - | - | - |
| Book value growth (YoY) | 14.8% | 10.0% | 3.7% | -16.0% | -60.7% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.40B totalProgressive Leasing Segment$2.32B · 96.9%
Four Segment$73.72M · 3.1%
Product / service
$2.41B totalLease Revenuesand Fees$2.32B · 96.4%
Other Revenues$86.47M · 3.6%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Equipment Rental & Leasing, NEC
Comparing PROG Holdings against the 5 most active filers in the same SIC group.
Dividends
$0.54/share trailing 12 months · +8.0% YoY
| Ex-date | Per share |
|---|---|
| May 19, 2026 | $0.1400 |
| Mar 12, 2026 | $0.1400 |
| Nov 18, 2025 | $0.1300 |
| Aug 19, 2025 | $0.1300 |
| May 20, 2025 | $0.1300 |
| Mar 13, 2025 | $0.1300 |
| Nov 19, 2024 | $0.1200 |
| Aug 20, 2024 | $0.1200 |
| May 24, 2024 | $0.1200 |
| Mar 13, 2024 | $0.1200 |
| Nov 13, 2020 | $0.0382 |
| Sep 16, 2020 | $0.0339 |
| Jun 17, 2020 | $0.0339 |
| Mar 19, 2020 | $0.0339 |
| Dec 18, 2019 | $0.0339 |
| Sep 18, 2019 | $0.0297 |
| Jun 17, 2019 | $0.0297 |
| Mar 18, 2019 | $0.0297 |
| Dec 19, 2018 | $0.0297 |
| Sep 19, 2018 | $0.0254 |
| Jun 18, 2018 | $0.0254 |
| Mar 22, 2018 | $0.0254 |
| Dec 12, 2017 | $0.0254 |
| Sep 14, 2017 | $0.0237 |