ELV vs PGR
Elevance Health, Inc. and Progressive Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ELV | PGR |
|---|---|---|
| Revenue | $199.1B | $87.7B |
| Net income | $5.7B | $11.3B |
| Gross margin | 89.4% | · |
| Net margin | 2.8% | 12.9% |
| Return on equity | 13.3% | 40.4% |
| Diluted EPS | $25.21 | $19.23 |
| Dividend / share | · | $13.90 |
| Payout ratio | 27.0% | 25.4% |
| Free cash flow | $3.2B | $17.2B |
| Equity | $43.9B | $30.3B |
| Net debt / equity | 0.51× | −0.00× |
| Current ratio | 1.54× | · |
| Revenue CAGR 5y | 10.3% | 15.5% |
| Profit CAGR 5y | 4.4% | 14.7% |
ELV bills 2.3× the revenue of PGR, and PGR keeps more of each dollar of revenue as profit (12.9% against 2.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ELV | PGR |
|---|---|---|
| FY2025 | $199.1B | $87.7B |
| FY2024 | $177.0B | $75.4B |
| FY2023 | $171.3B | $62.1B |
| FY2022 | $156.6B | $49.6B |
| FY2021 | $138.6B | $47.7B |
| FY2020 | $121.9B | $42.7B |
| FY2019 | $104.2B | $39.0B |
| FY2018 | $92.1B | $32.0B |
| FY2017 | $90.0B | $26.8B |
| FY2016 | $84.9B | $23.4B |
Bottom line
| Fiscal year | ELV | PGR |
|---|---|---|
| FY2025 | $5.7B | $11.3B |
| FY2024 | $6.0B | $8.5B |
| FY2023 | $6.0B | $3.9B |
| FY2022 | $5.9B | $722.0M |
| FY2021 | $6.2B | $3.4B |
| FY2020 | $4.6B | $5.7B |
| FY2019 | $4.8B | $4.0B |
| FY2018 | $3.8B | $2.6B |
| FY2017 | $3.8B | $1.6B |
| FY2016 | $2.5B | $1.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$111,454,000,000 | ELV |
| FY2024 | +$101,639,000,000 | ELV |
| FY2023 | +$109,231,000,000 | ELV |
| FY2022 | +$106,984,000,000 | ELV |
| FY2021 | +$90,937,000,000 | ELV |
| FY2020 | +$79,208,900,000 | ELV |
| FY2019 | +$65,190,700,000 | ELV |
| FY2018 | +$60,126,000,000 | ELV |
| FY2017 | +$63,201,000,000 | ELV |
| FY2016 | +$61,421,600,000 | ELV |
| FY2015 | +$58,302,700,000 | ELV |
| FY2014 | +$54,482,700,000 | ELV |
| FY2013 | +$52,852,600,000 | ELV |
| FY2012 | +$44,413,300,000 | ELV |
| FY2011 | +$44,936,100,000 | ELV |
| FY2010 | +$43,483,000,000 | ELV |
| FY2009 | +$50,375,900,000 | ELV |
| FY2008 | +$48,411,000,000 | ELV |
| FY2007 | +$46,481,100,000 | ELV |
ELV has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −10.1 pp | PGR |
| FY2024 | −7.9 pp | PGR |
| FY2023 | −2.8 pp | PGR |
| FY2022 | +2.3 pp | ELV |
| FY2021 | −2.6 pp | PGR |
| FY2020 | −9.6 pp | PGR |
| FY2019 | −5.6 pp | PGR |
| FY2018 | −4.1 pp | PGR |
| FY2017 | −1.7 pp | PGR |
| FY2016 | −1.6 pp | PGR |
| FY2015 | −3.0 pp | PGR |
| FY2014 | −3.1 pp | PGR |
| FY2013 | −2.9 pp | PGR |
| FY2012 | −1.0 pp | PGR |
| FY2011 | −2.1 pp | PGR |
| FY2010 | −2.1 pp | PGR |
| FY2009 | +0.0 pp | ELV |
| FY2008 | +4.6 pp | ELV |
| FY2007 | −2.6 pp | PGR |
The higher net margin has changed hands between ELV and PGR over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PGR's net margin has been more volatile than ELV's over the 19 comparable fiscal years — 3.3 percentage points of standard deviation against 1.0.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ELV and PGR over these 19 fiscal years — ELV led in 3 and PGR in 16.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PGR's return on equity has been more volatile than ELV's over the 19 comparable fiscal years — 10.2 percentage points of standard deviation against 2.8.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ELV and PGR over these 19 fiscal years — ELV led in 2 and PGR in 17.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.