PGR vs UNH
Progressive Corp. and UnitedHealth Group Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | PGR | UNH |
|---|---|---|
| Revenue | $87.7B | $447.6B |
| Net income | $11.3B | $12.1B |
| Gross margin | · | 88.7% |
| Net margin | 12.9% | 2.9% |
| Return on equity | 40.4% | 12.2% |
| Diluted EPS | $19.23 | $13.23 |
| Dividend / share | $13.90 | $8.73 |
| Payout ratio | 25.4% | 65.7% |
| Free cash flow | $17.2B | $16.1B |
| Equity | $30.3B | · |
| Net debt / equity | −0.00× | 0.54× |
| Current ratio | · | 0.79× |
| Revenue CAGR 5y | 15.5% | 11.7% |
| Profit CAGR 5y | 14.7% | −4.8% |
UNH bills 5.1× the revenue of PGR, and PGR keeps more of each dollar of revenue as profit (12.9% against 2.9%).
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 | PGR | UNH |
|---|---|---|
| FY2025 | $87.7B | $447.6B |
| FY2024 | $75.4B | $400.3B |
| FY2023 | $62.1B | $371.6B |
| FY2022 | $49.6B | $324.2B |
| FY2021 | $47.7B | $287.6B |
| FY2020 | $42.7B | $257.1B |
| FY2019 | $39.0B | $242.2B |
| FY2018 | $32.0B | $226.2B |
| FY2017 | $26.8B | $201.2B |
| FY2016 | $23.4B | $184.8B |
Bottom line
| Fiscal year | PGR | UNH |
|---|---|---|
| FY2025 | $11.3B | $12.1B |
| FY2024 | $8.5B | $14.4B |
| FY2023 | $3.9B | $22.4B |
| FY2022 | $722.0M | $20.1B |
| FY2021 | $3.4B | $17.3B |
| FY2020 | $5.7B | $15.4B |
| FY2019 | $4.0B | $13.8B |
| FY2018 | $2.6B | $12.0B |
| FY2017 | $1.6B | $10.6B |
| FY2016 | $1.0B | $7.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$359,896,000,000 | UNH |
| FY2024 | −$324,906,000,000 | UNH |
| FY2023 | −$309,513,000,000 | UNH |
| FY2022 | −$274,551,000,000 | UNH |
| FY2021 | −$239,895,000,000 | UNH |
| FY2020 | −$214,482,900,000 | UNH |
| FY2019 | −$203,132,700,000 | UNH |
| FY2018 | −$194,268,000,000 | UNH |
| FY2017 | −$174,320,000,000 | UNH |
| FY2016 | −$161,398,600,000 | UNH |
| FY2015 | −$136,253,200,000 | UNH |
| FY2014 | −$111,082,600,000 | UNH |
| FY2013 | −$104,318,100,000 | UNH |
| FY2012 | −$93,534,100,000 | UNH |
| FY2011 | −$86,087,400,000 | UNH |
| FY2010 | −$78,939,500,000 | UNH |
| FY2009 | −$72,574,400,000 | UNH |
| FY2008 | −$68,345,900,000 | UNH |
| FY2007 | −$60,744,200,000 | UNH |
UNH 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 | +10.0 pp | PGR |
| FY2024 | +7.4 pp | PGR |
| FY2023 | +0.1 pp | PGR |
| FY2022 | −4.9 pp | UNH |
| FY2021 | +0.9 pp | PGR |
| FY2020 | +7.2 pp | PGR |
| FY2019 | +4.3 pp | PGR |
| FY2018 | +2.7 pp | PGR |
| FY2017 | +0.6 pp | PGR |
| FY2016 | +0.7 pp | PGR |
| FY2015 | +2.5 pp | PGR |
| FY2014 | +2.3 pp | PGR |
| FY2013 | +1.8 pp | PGR |
| FY2012 | +0.3 pp | PGR |
| FY2011 | +1.4 pp | PGR |
| FY2010 | +2.1 pp | PGR |
| FY2009 | +2.9 pp | PGR |
| FY2008 | −4.2 pp | UNH |
| FY2007 | +1.9 pp | PGR |
The higher net margin has changed hands between PGR and UNH 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 UNH'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 PGR and UNH over these 19 fiscal years — PGR led in 17 and UNH in 2.
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 UNH's over the 19 comparable fiscal years — 10.2 percentage points of standard deviation against 3.9.
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 PGR and UNH over these 19 fiscal years — PGR led in 10 and UNH in 9.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.