Cash flow Progressive Corporation

Stocks

PGR

US7433151039

Property & Casualty Insurance

Real-time Estimate Cboe BZX 10:18:34 10/09/2026 pm IST			5-day change	1st Jan Change
215.65 ^USD	+0.07%		-3.64%	-5.27%

28/08	BMO Capital Adjusts Progressive Price Target to $221 From $205, Maintains Market Perform Rating	MT
27/08	UBS Adjusts Progressive Price Target to $234 From $225	MT

1e979267236dba4320a744829a596ba.3kTUbZJZALM8hbL4ldY--k6uUEU6n9GSh4rp0bblnp0.twaaGPgDZuMP_-Snyp5PihTANC1z1pXG7c6astiq6_a0Mbg02xF25mbD2Q

Published financial data: PROGRESSIVE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Premiums and Annuity Revenues	4.44TCr	4.92TCr	5.87TCr	7.08TCr	8.17TCr
Total Interest And Dividend Income	84Cr	123.6Cr	186.56Cr	280.3Cr	354.9Cr
Gain (Loss) on Sale of Investments, Total (Rev)	150.92Cr	-191.22Cr	35Cr	26Cr	73Cr
Other Revenues, Total	96Cr	102.14Cr	119.92Cr	147.7Cr	170Cr
Total Revenues	4.77TCr	4.96TCr	6.21TCr	7.53TCr	8.76TCr
Policy Benefits	3.36TCr	3.81TCr	4.57TCr	4.91TCr	5.4TCr
Policy Acquisition / Underwriting Costs, Total	936.75Cr	977.66Cr	1.09TCr	1.48TCr	1.74TCr
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses	25Cr	30Cr	35Cr	45Cr	175.2Cr
Total Operating Expenses	4.32TCr	4.82TCr	5.69TCr	6.44TCr	7.31TCr
Operating Income	442.86Cr	139.04Cr	517.21Cr	1.1TCr	1.45TCr
Interest Expense, Total	-22Cr	-24Cr	-27Cr	-28Cr	-28Cr
Currency Exchange Gains (Loss)	-	-	-	-	-
EBT, Excl. Unusual Items	421Cr	114.69Cr	490.37Cr	1.07TCr	1.42TCr
Impairment of Goodwill	-	-22Cr	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	421Cr	92Cr	490.37Cr	1.07TCr	1.42TCr
Income Tax Expense	86Cr	20Cr	100.13Cr	223.3Cr	291.5Cr
Earnings From Continuing Operations	335.09Cr	72Cr	390.24Cr	848Cr	1.13TCr
Net Income to Company	335.09Cr	72Cr	390.24Cr	848Cr	1.13TCr
Minority Interest	-	-	-	-	-
Net Income - (IS)	335.09Cr	72Cr	390.24Cr	848Cr	1.13TCr
Preferred Dividend and Other Adjustments	2.69Cr	2.69Cr	3.76Cr	1.7Cr	-
Net Income to Common Incl Extra Items	332.4Cr	69Cr	386.48Cr	846.3Cr	1.13TCr
Net Income to Common Excl. Extra Items	332.4Cr	69Cr	386.48Cr	846.3Cr	1.13TCr
Per Share Items
Net EPS - Basic	5.69	1.19	6.61	14.45	19.29
Basic EPS - Continuing Operations	5.69	1.19	6.61	14.45	19.29
Basic Weighted Average Shares Outstanding	58Cr	58Cr	58Cr	59Cr	59Cr
Net EPS - Diluted	5.66	1.18	6.58	14.4	19.23
Diluted EPS - Continuing Operations	5.66	1.18	6.58	14.4	19.23
Diluted Weighted Average Shares Outstanding	59Cr	59Cr	59Cr	59Cr	59Cr
Normalized Basic EPS	4.5	1.23	5.24	11.44	15.16
Normalized Diluted EPS	4.48	1.22	5.22	11.39	15.12
Dividend Per Share	1.9	0.4	0.4	0.4	0.4
Payout Ratio	112.61	36.15	7.11	8.04	25.39
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	476.6Cr	172.7Cr	547.18Cr	1.13TCr	1.48TCr
EBITA	448.63Cr	142.14Cr	518.63Cr	1.1TCr	1.45TCr
EBIT	442.86Cr	139.04Cr	517.21Cr	1.1TCr	1.45TCr
EBITDAR	485.64Cr	181.61Cr	556.62Cr	1.14TCr	1.49TCr
Total Revenues (As Reported)	4.77TCr	4.96TCr	6.21TCr	7.54TCr	8.77TCr
Effective Tax Rate - (Ratio)	20.41	21.75	20.42	20.84	20.49
Current Domestic Taxes	76Cr	75Cr	112.12Cr	230.5Cr	311.7Cr
Total Current Taxes	76Cr	75Cr	112.12Cr	230.5Cr	311.7Cr
Deferred Domestic Taxes	9.89Cr	-55Cr	-12Cr	-7.2Cr	-20Cr
Total Deferred Taxes	9.89Cr	-55Cr	-12Cr	-7.2Cr	-20Cr
Normalized Net Income	263.12Cr	72Cr	306.48Cr	669.56Cr	888.94Cr
Supplemental Operating Expense Items
Advertising Expense	213.95Cr	203.25Cr	159.97Cr	400.3Cr	513.3Cr
Net Rental Expense, Total	9.04Cr	8.91Cr	9.44Cr	10Cr	11Cr
Imputed Operating Lease Interest Expense	2.97Cr	2.99Cr	3.01Cr	3.28Cr	3.45Cr
Imputed Operating Lease Depreciation	6.07Cr	5.92Cr	6.43Cr	7.12Cr	7.55Cr
Stock-Based Comp., Other (Total)	10Cr	12Cr	12Cr	12Cr	13Cr
Total Stock-Based Compensation	10Cr	12Cr	12Cr	12Cr	13Cr

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Investment In Debt Securities	4.37TCr	4.65TCr	6.02TCr	7.53TCr	8.29TCr
Investment In Equity and Preferred Securities, Total	688.01Cr	421.9Cr	400.42Cr	430.3Cr	450.2Cr
Total Other Investments	94Cr	286.17Cr	178.99Cr	62Cr	1TCr
Total investments	5.15TCr	5.35TCr	6.6TCr	8.02TCr	9.74TCr
Cash And Equivalents	19Cr	20Cr	8.49Cr	14Cr	12Cr
Reinsurance Recoverable - (IS)	498.05Cr	583.21Cr	509.39Cr	476.5Cr	408.3Cr
Other Receivables - (Insurance Template)	958.12Cr	1.07TCr	1.24TCr	1.5TCr	1.6TCr
Deferred Policy Acquisition Costs - (BS)	135.56Cr	154.44Cr	168.74Cr	196.1Cr	204.4Cr
Gross Property Plant And Equipment	271.73Cr	271.56Cr	270.84Cr	244.4Cr	244.2Cr
Accumulated Depreciation	-140.74Cr	-155.11Cr	-165.51Cr	-146.1Cr	-146Cr
Net Property Plant And Equipment	130.99Cr	116.45Cr	105.33Cr	98Cr	98Cr
Goodwill	45Cr	23Cr	23Cr	23Cr	-
Other Intangibles, Total	12Cr	8.63Cr	-	-	-
Restricted Cash	1.5Cr	1.74Cr	1.47Cr	1.1Cr	1.3Cr
Other Current Assets, Total	47Cr	34Cr	33Cr	48Cr	20Cr
Deferred Tax Assets Long-Term (Collected)	1.63Cr	117.37Cr	98Cr	100Cr	79Cr
Deferred Charges Long-Term	4.77Cr	6.34Cr	8.81Cr	12Cr	-
Other Long-Term Assets, Total	108.65Cr	56Cr	74Cr	85Cr	140.4Cr
Total Assets	7.11TCr	7.55TCr	8.87TCr	11TCr	12TCr
Liabilities
Accounts Payable, Total	568.48Cr	538.47Cr	651.32Cr	1.01TCr	882.5Cr
Accrued Expenses, Total	-	-	-	-	-
Unpaid Claims	2.62TCr	3.04TCr	3.44TCr	3.91TCr	4.33TCr
Unearned Premiums	1.56TCr	1.73TCr	2.01TCr	2.39TCr	2.52TCr
Reinsurance Payable - (BS)	-	-	-	-	-
Current Portion of Leases	7.24Cr	6.9Cr	7.4Cr	8.1Cr	9Cr
Long-Term Debt	489.88Cr	638.83Cr	688.86Cr	689.3Cr	689.7Cr
Long-Term Leases	11Cr	6.82Cr	10Cr	12Cr	12Cr
Trust Preferred Securities (BS)	-	-	-	-	-
Current Income Taxes Payable	-	1.09Cr	31Cr	2.6Cr	2.8Cr
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	5.85Cr	-	-	-	803.1Cr
Deferred Tax Liability Non-Current	15Cr	-	-	-	10L
Other Non Current Liabilities	14Cr	-	-	-	20Cr
Total Liabilities	5.29TCr	5.96TCr	6.84TCr	8.02TCr	9.27TCr
Preferred Stock Redeemable	49Cr	49Cr	49Cr	-	-
Total Preferred Equity	49Cr	49Cr	49Cr	-	-
Common Stock, Total	58Cr	58Cr	59Cr	59Cr	59Cr
Additional Paid In Capital	177.29Cr	189.3Cr	201.31Cr	214.5Cr	230.7Cr
Retained Earnings	1.53TCr	1.57TCr	1.88TCr	2.43TCr	2.73TCr
Comprehensive Income and Other	4.07Cr	-280.2Cr	-161.57Cr	-142.3Cr	10Cr
Total Common Equity	1.77TCr	1.54TCr	1.98TCr	2.56TCr	3.03TCr
Minority Interest	-	-	-	-	-
Total Equity	1.82TCr	1.59TCr	2.03TCr	2.56TCr	3.03TCr
Total Liabilities And Equity	7.11TCr	7.55TCr	8.87TCr	11TCr	12TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	58Cr	59Cr	59Cr	59Cr	59Cr
ECS Total Common Shares Outstanding	58Cr	58Cr	59Cr	59Cr	59Cr
Book Value / Share	30.35	26.32	33.8	43.69	51.74
Tangible Book Value	1.72TCr	1.51TCr	1.96TCr	2.54TCr	3.03TCr
Tangible Book Value Per Share	29.38	25.79	33.41	43.3	51.74
Total Debt	507.97Cr	652.55Cr	706.58Cr	708.9Cr	710.2Cr
Net Debt	489.26Cr	632.2Cr	698.09Cr	694.6Cr	697.7Cr
Debt Equivalent Oper. Leases	72Cr	71Cr	76Cr	83Cr	88Cr
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	15Cr	12Cr	10Cr	5.2Cr	4.1Cr
Buildings, Total	90Cr	84Cr	73Cr	58Cr	54Cr
Machinery, Total	26Cr	32Cr	35Cr	37Cr	31Cr
Full Time Employees	49.08T	55.1T	61.43T	66.31T	70.05T

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	335.09Cr	72Cr	390.24Cr	848Cr	1.13TCr
Depreciation, Depletion & Amortization	28Cr	31Cr	29Cr	28Cr	31Cr
Amortization of Goodwill and Intangible Assets - (CF)	5.77Cr	3.1Cr	1.42Cr	-	-
Total Depreciation, Depletion & Amortization	34Cr	34Cr	30Cr	28Cr	31Cr
(Gain) Loss On Sale of Asset - (CF)	-36L	-6L	3.62Cr	1.3Cr	1.6Cr
(Gain) Loss on Sale of Investments - (CF)	-137.89Cr	188.7Cr	-31Cr	-29Cr	-85Cr
Total Asset Writedown	-	22Cr	-	-	-
Deferred Policy Acquisition Costs - (CF)	-12Cr	-19Cr	-14Cr	-27Cr	-8.3Cr
Stock-Based Compensation (CF)	10Cr	12Cr	12Cr	12Cr	13Cr
Change in Accounts Receivable	-114.68Cr	-101.74Cr	-154.13Cr	-241.1Cr	-99Cr
Reinsurance Recoverable - (CF)	-51Cr	-85Cr	74Cr	33Cr	68Cr
Change in Accounts Payable	40Cr	20Cr	70Cr	123.6Cr	155.6Cr
Change in Unearned Revenues	211.14Cr	167.78Cr	284.01Cr	372.4Cr	136.1Cr
Change In Income Taxes	-8.6Cr	-52Cr	18Cr	-36Cr	-20Cr
Change in insurance Reserves / Liabilities	475.28Cr	419.52Cr	402.99Cr	466.8Cr	425.3Cr
Change in Other Net Operating Assets (Collected)	-4.88Cr	5.74Cr	-21Cr	-40Cr	5.4Cr
Other Operating Activities	-	-	-	-	-
Cash from Operations	776.17Cr	684.88Cr	1.06TCr	1.51TCr	1.75TCr
Capital Expenditure	-24Cr	-29Cr	-25Cr	-28Cr	-35Cr
Sale of Property, Plant, and Equipment	6.62Cr	3.51Cr	4.72Cr	7.7Cr	8Cr
Cash Acquisitions	-31Cr	-	-	-	-
Investment in Marketable and Equity Securities, Total	-267.72Cr	-752.15Cr	-1.06TCr	-1.37TCr	-1.43TCr
Other Investing Activities, Total	4.79Cr	-18Cr	-1.12Cr	17Cr	7.5Cr
Cash from Investing	-311.98Cr	-795.62Cr	-1.08TCr	-1.37TCr	-1.45TCr
Long-Term Debt Issued, Total	-	148.6Cr	50Cr	-	-
Total Debt Issued	-	148.6Cr	50Cr	-	-
Long-Term Debt Repaid, Total	-52Cr	-	-	-	-
Total Debt Repaid	-52Cr	-	-	-	-
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-22Cr	-9.9Cr	-14Cr	-13Cr	-17Cr
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-50Cr	-
Common Dividends Paid	-374.65Cr	-23Cr	-23Cr	-67Cr	-287.1Cr
Preferred Dividends Paid	-2.68Cr	-2.68Cr	-4.36Cr	-80L	-
Common & Preferred Stock Dividends Paid	-377.33Cr	-26Cr	-28Cr	-68Cr	-287.1Cr
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-451.63Cr	112.62Cr	7.8Cr	-131.6Cr	-303.7Cr
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	13Cr	1.88Cr	-12Cr	5.4Cr	-1.6Cr
Supplemental Items
Cash Interest Paid	22Cr	23Cr	26Cr	28Cr	28Cr
Cash Income Tax Paid (Refund)	84Cr	72Cr	82Cr	258.5Cr	310.7Cr
Net Debt Issued / Repaid	-52Cr	148.6Cr	50Cr	-	-
Levered Free Cash Flow	1.13TCr	320.3Cr	1.15TCr	1.73TCr	1.18TCr
Unlevered Free Cash Flow	1.14TCr	335.52Cr	1.17TCr	1.75TCr	1.2TCr
Change In Net Working Capital	-845.95Cr	-231.89Cr	-829.53Cr	-1.05TCr	-284.6Cr

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	4.09	1.19	3.94	7.07	7.92
Return on Total Capital	12.05	3.8	13.03	22.89	25.86
Return On Equity %	19	4.23	21.58	36.98	40.45
Return on Common Equity	19.39	4.19	21.97	37.3	40.45
Margin Analysis
Gross Profit Margin %	9.82	3.4	8.89	15.18	18.55
EBITDA Margin %	10	3.48	8.81	14.97	16.9
EBITA Margin %	9.41	2.87	8.35	14.59	16.55
EBIT Margin %	9.29	2.8	8.33	14.59	16.55
Income From Continuing Operations Margin %	7.03	1.46	6.29	11.26	12.9
Net Income Margin %	7.03	1.46	6.29	11.26	12.9
Net Avail. For Common Margin %	6.97	1.4	6.23	11.23	12.9
Normalized Net Income Margin	5.52	1.45	4.94	8.89	10.14
Levered Free Cash Flow Margin	23.67	6.46	18.57	22.99	13.5
Unlevered Free Cash Flow Margin	23.96	6.77	18.84	23.22	13.7
Asset Turnover
Asset Turnover	0.71	0.68	0.76	0.77	0.77
Fixed Assets Turnover	36.94	40.08	55.99	73.97	89.2
Receivables Turnover (Average Receivables)	5.15	5.09	5.41	5.59	5.73
Short Term Liquidity
Current Ratio	0.34	0.38	0.32	0.29	0.36
Quick Ratio	0.22	0.25	0.23	0.21	0.3
Operating Cash Flow to Current Liabilities	0.16	0.13	0.17	0.21	0.21
Days Sales Outstanding (Average Receivables)	70.89	71.65	67.46	65.46	63.68
Average Days Payable Outstanding	240.37	257.76	247.75	257.96	251.67
Long Term Solvency
Total Debt/Equity	27.86	41.06	34.85	27.7	23.42
Total Debt / Total Capital	21.79	29.11	25.84	21.69	18.98
LT Debt/Equity	27.46	40.63	34.48	27.38	23.12
Long-Term Debt / Total Capital	21.48	28.8	25.57	21.44	18.74
Total Liabilities / Total Assets	74.37	78.94	77.14	75.8	75.35
EBIT / Interest Expense	20.26	5.71	19.27	39.4	52.16
EBITDA / Interest Expense	22.22	7.46	20.74	40.79	53.68
(EBITDA - Capex) / Interest Expense	21.1	6.26	19.8	39.77	52.43
Total Debt / EBITDA	1.05	3.59	1.27	0.62	0.48
Net Debt / EBITDA	1.01	3.48	1.25	0.61	0.47
Total Debt / (EBITDA - Capex)	1.1	4.28	1.33	0.64	0.49
Net Debt / (EBITDA - Capex)	1.06	4.15	1.31	0.63	0.48
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.82	4.01	25.2	21.36	16.32
Gross Profit, 1 Yr. Growth %	-46.02	-63.96	227.25	107.17	42.1
EBITDA, 1 Yr. Growth %	-38.28	-63.76	216.84	106.63	31.38
EBITA, 1 Yr. Growth %	-39.76	-68.32	264.87	112.53	31.92
EBIT, 1 Yr. Growth %	-40.07	-68.6	271.99	112.53	31.92
Earnings From Cont. Operations, 1 Yr. Growth %	-41.26	-78.47	440.87	117.27	33.35
Net Income, 1 Yr. Growth %	-41.26	-78.47	440.87	117.27	33.35
Normalized Net Income, 1 Yr. Growth %	-41.31	-72.76	327.56	118.45	32.76
Diluted EPS Before Extra, 1 Yr. Growth %	-41.41	-79.15	457.63	118.84	33.54
Net Property, Plant and Equip., 1 Yr. Growth %	3.02	-11.1	-9.55	-6.74	-0.1
Accounts Receivable, 1 Yr. Growth %	15.19	10.82	14.8	20.16	6.91
Total Assets, 1 Yr. Growth %	10.97	6.09	17.53	19.23	16.35
Common Equity, 1 Yr. Growth %	7.21	-13.2	28.49	29.36	18.49
Tangible Book Value, 1 Yr. Growth %	7.83	-12.14	28.91	29.7	18.49
Cash From Operations, 1 Yr. Growth %	12.4	-11.76	55.4	42.06	16.07
Capital Expenditures, 1 Yr. Growth %	8.95	19.92	-13.7	13.1	22.11
Levered Free Cash Flow, 1 Yr. Growth %	125.17	-70.13	245.16	50.46	-31.71
Unlevered Free Cash Flow, 1 Yr. Growth %	121.89	-69.11	234.92	49.79	-31.4
Dividend Per Share, 1 Yr. Growth %	-61.22	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.57	7.84	14.11	23.26	18.81
Gross Profit, 2 Yr. CAGR %	-7.98	-55.9	8.6	160.31	71.58
EBITDA, 2 Yr. CAGR %	-8.21	-52.71	7.15	157.77	64.76
EBITA, 2 Yr. CAGR %	-8.99	-56.31	7.52	181.11	67.44
EBIT, 2 Yr. CAGR %	-9.02	-56.62	8.07	181.11	67.44
Earnings From Cont. Operations, 2 Yr. CAGR %	-8.24	-64.44	7.92	242.71	70.21
Net Income, 2 Yr. CAGR %	-8.13	-64.44	7.92	242.71	70.21
Normalized Net Income, 2 Yr. CAGR %	-9.54	-60.01	7.92	205.61	70.3
Diluted EPS Before Extra, 2 Yr. CAGR %	-8.23	-65.05	7.82	249.33	70.95
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.34	-4.3	-10.33	-8.12	-3.48
Accounts Receivable, 2 Yr. CAGR %	11.9	12.99	12.79	17.45	13.34
Total Assets, 2 Yr. CAGR %	13.82	8.5	11.66	18.37	17.78
Common Equity, 2 Yr. CAGR %	16.01	-3.53	5.61	28.92	23.81
Tangible Book Value, 2 Yr. CAGR %	17.2	-2.67	6.73	29.31	24.53
Cash From Operations, 2 Yr. CAGR %	11.34	-0.41	17.1	48.58	28.4
Capital Expenditures, 2 Yr. CAGR %	-18.15	14.3	1.73	-1.21	17.51
Levered Free Cash Flow, 2 Yr. CAGR %	32.69	-20.06	3.68	128.77	1.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	32.27	-19.26	3.78	124.8	1.38
Dividend Per Share, 2 Yr. CAGR %	-15.33	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.27	8.34	13.34	16.48	20.9
Gross Profit, 3 Yr. CAGR %	10.56	-32.68	-13.98	34.69	112.74
EBITDA, 3 Yr. CAGR %	9.88	-32.66	-10.85	33.25	105.9
EBITA, 3 Yr. CAGR %	9.66	-35.98	-11.36	34.81	118.45
EBIT, 3 Yr. CAGR %	9.97	-36.18	-11.22	35.4	118.45
Earnings From Cont. Operations, 3 Yr. CAGR %	8.53	-43.4	-11.89	36.27	150.2
Net Income, 3 Yr. CAGR %	8.61	-43.36	-11.89	36.27	150.2
Normalized Net Income, 3 Yr. CAGR %	10.1	-39.37	-11.91	36.52	131.46
Diluted EPS Before Extra, 3 Yr. CAGR %	8.59	-44	-12.01	36.52	153.53
Net Property, Plant and Equip., 3 Yr. CAGR %	5	-6	-6.08	-9.13	-5.52
Accounts Receivable, 3 Yr. CAGR %	13.1	11.54	13.59	15.2	13.82
Total Assets, 3 Yr. CAGR %	15.16	11.18	11.43	14.13	17.7
Common Equity, 3 Yr. CAGR %	19.76	5.32	6.14	13	25.35
Tangible Book Value, 3 Yr. CAGR %	21.46	6.47	7.09	13.89	25.97
Cash From Operations, 3 Yr. CAGR %	7.29	3.03	15.51	24.89	36.84
Capital Expenditures, 3 Yr. CAGR %	-2.9	-7.04	4.08	5.39	6.02
Levered Free Cash Flow, 3 Yr. CAGR %	16.83	-20.64	32.01	17.33	52.9
Unlevered Free Cash Flow, 3 Yr. CAGR %	16.73	-19.9	31.47	17.23	51.36
Dividend Per Share, 3 Yr. CAGR %	-8.91	-46.76	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	15.28	13.08	14.21	14.08	15.5
Gross Profit, 5 Yr. CAGR %	22.43	-6.83	9.77	15.65	13.38
EBITDA, 5 Yr. CAGR %	21.37	-7.35	8.78	14.8	13.92
EBITA, 5 Yr. CAGR %	21.82	-9.64	8.8	15.21	14.26
EBIT, 5 Yr. CAGR %	22.43	-9.52	9.2	15.49	14.43
Earnings From Cont. Operations, 5 Yr. CAGR %	25.95	-14.7	8.29	16.33	14.67
Net Income, 5 Yr. CAGR %	26.58	-14.64	8.33	16.39	14.67
Normalized Net Income, 5 Yr. CAGR %	24.13	-11.64	9.22	15.8	14.67
Diluted EPS Before Extra, 5 Yr. CAGR %	26.32	-15.38	8.28	16.47	14.76
Net Property, Plant and Equip., 5 Yr. CAGR %	2.16	0.79	-1.43	-6.85	-5.04
Accounts Receivable, 5 Yr. CAGR %	15.82	13.95	12.98	13.86	13.49
Total Assets, 5 Yr. CAGR %	16.3	14.29	13.75	14	13.93
Common Equity, 5 Yr. CAGR %	17.39	10.65	13.88	14.19	12.88
Tangible Book Value, 5 Yr. CAGR %	19.4	12.24	15.34	15.2	13.75
Cash From Operations, 5 Yr. CAGR %	23.22	12.76	11.11	19.28	20.5
Capital Expenditures, 5 Yr. CAGR %	2.52	13.4	-1.08	-4.75	9.26
Levered Free Cash Flow, 5 Yr. CAGR %	0.2	-7.17	10.25	22	18.74
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.28	-6.68	10.25	21.8	18.46
Dividend Per Share, 5 Yr. CAGR %	22.79	-18.68	-30.76	-31.49	0