NYSE : PRG
PROG Holdings, Inc. — Financial statements
Industrials · Rental & Leasing Services · United States
Last price 33.48 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.31B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
PROG Holdings, Inc. (PRG) reported revenue of 2.76B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.61B | 2.32B | 2.37B | 2.33B | 2.52B | 2.62B |
| Other Revenue | 155.00M | 86.47M | 32.59M | 5.76M | 74.04M | 58.91M |
| Revenue | 2.76B | 2.41B | 2.40B | 2.34B | 2.60B | 2.68B |
| Cost of Revenue | 1.75B | 1.59B | 1.62B | 1.58B | 1.76B | 1.82B |
| Gross Profit | 1.01B | 818.98M | 777.98M | 763.05M | 840.10M | 857.91M |
| Selling, General & Admin | 565.43M | 442.95M | 384.08M | 376.56M | 441.37M | 396.80M |
| Other Operating Expenses | -29.69M | -6.65M | ||||
| Operating Expenses | 573.17M | 436.30M | 384.08M | 376.56M | 441.37M | 396.80M |
| Operating Income | 441.31M | 382.69M | 393.90M | 386.49M | 398.72M | 461.11M |
| Interest Expense | -57.55M | -39.32M | -38.82M | -38.69M | -38.67M | -5.59M |
| Interest & Investment Income | 4.19M | 7.07M | 7.53M | 9.29M | 1.27M | 267.00K |
| Other Non Operating Income (Expenses) | -6.49M | |||||
| EBT Excluding Unusual Items | 381.45M | 350.43M | 362.61M | 357.08M | 361.32M | 455.79M |
| Merger & Restructuring Charges | -17.02M | -2.80M | -20.84M | -12.53M | -9.00M | -600.00K |
| Impairment of Goodwill | -10.15M | |||||
| Asset Writedown | -177.55M | -173.12M | -178.34M | -155.25M | -193.93M | -126.98M |
| Legal Settlements | -4.80M | |||||
| Pretax Income | 182.09M | 174.52M | 163.44M | 189.30M | 148.24M | 328.20M |
| Income Tax Expense | 51.10M | 50.17M | -33.88M | 55.41M | 49.53M | 84.65M |
| Earnings From Continuing Operations | 130.99M | 124.35M | 197.31M | 133.89M | 98.71M | 243.56M |
| Earnings From Discontinued Operations | 19.80M | 22.44M | -62.00K | 4.95M | ||
| Net Income | 150.79M | 146.79M | 197.25M | 138.84M | 98.71M | 243.56M |
| Net Income to Common | 150.79M | 146.79M | 197.25M | 138.84M | 98.71M | 243.56M |
| Shares Outstanding (Basic) | 39.85M | 40.09M | 42.58M | 46.03M | 51.92M | 66.03M |
| Shares Outstanding (Diluted) | 40.67M | 40.86M | 43.55M | 46.55M | 52.08M | 66.42M |
| EPS (Basic) | 3.78 | 3.66 | 4.63 | 3.02 | 1.90 | 3.69 |
| EPS (Diluted) | 3.71 | 3.59 | 4.53 | 2.99 | 1.90 | 3.67 |
| Free Cash Flow | 315.64M | 324.92M | 130.21M | 194.62M | 232.81M | 236.41M |
| Free Cash Flow Per Share | 7.76 | 7.95 | 2.99 | 4.18 | 4.47 | 3.56 |
| Dividend Per Share | 0.55 | 0.52 | 0.48 | |||
| Gross Margin | 36.72% | 33.99% | 32.43% | 32.62% | 32.34% | 32.04% |
| Operating Margin | 15.97% | 15.88% | 16.42% | 16.52% | 15.35% | 17.22% |
| Profit Margin | 5.46% | 6.09% | 8.22% | 5.93% | 3.80% | 9.10% |
| Free Cash Flow Margin | 11.43% | 13.49% | 5.43% | 8.32% | 8.96% | 8.83% |
| EBITDA | 476.13M | 400.24M | 414.28M | 413.32M | 427.07M | 489.47M |
| EBITDA Margin | 17.23% | 16.61% | 17.27% | 17.67% | 16.44% | 18.28% |
| D&A For EBITDA | 34.83M | 17.56M | 20.38M | 26.83M | 28.35M | 28.36M |
| EBIT | 441.31M | 382.69M | 393.90M | 386.49M | 398.72M | 461.11M |
| EBIT Margin | 15.97% | 15.88% | 16.42% | 16.52% | 15.35% | 17.22% |
| Effective Tax Rate | 28.06% | 28.75% | 29.27% | 33.41% | 25.79% | |
| Revenue as Reported | 2.41B | 2.41B | 2.40B | 2.34B | 2.60B | 2.68B |
| Advertising Expenses | 23.02M | 19.92M | 17.12M | 15.76M | 17.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 108.92M | 308.77M | 90.92M | 155.42M | 131.88M | 170.16M |
| Cash & Short-Term Investments | 108.92M | 308.77M | 90.92M | 155.42M | 131.88M | 170.16M |
| Accounts Receivable | 374.63M | 74.23M | 80.21M | 67.88M | 64.52M | 66.27M |
| Other Receivables | 63.21M | 47.89M | 10.64M | 32.92M | 18.86M | 14.35M |
| Receivables | 512.22M | 212.77M | 129.98M | 227.62M | 214.35M | 199.94M |
| Inventory | 13.03M | 14.23M | 12.54M | 9.94M | 10.13M | 10.10M |
| Prepaid Expenses | 50.37M | 39.21M | 47.03M | 26.39M | 25.87M | 25.32M |
| Other Current Assets | 8.48M | 13.55M | 136.47M | |||
| Total Current Assets | 702.68M | 588.53M | 416.94M | 419.37M | 382.23M | 405.52M |
| Property, Plant & Equipment | 44.19M | 4.36M | 6.46M | 15.63M | 20.50M | 29.88M |
| Goodwill | 406.71M | 296.06M | 296.06M | 296.06M | 296.06M | 306.21M |
| Other Intangible Assets | 348.59M | 75.68M | 91.24M | 109.41M | 129.64M | 150.57M |
| Long-Term Deferred Tax Assets | 18.42M | 19.56M | 9.21M | 2.98M | 2.96M | 2.76M |
| Long-Term Deferred Charges | 6.84M | 6.84M | 7.88M | 7.19M | 6.02M | 5.33M |
| Other Long-Term Assets | 528.16M | 619.38M | 685.98M | 640.61M | 654.51M | 721.50M |
| Total Assets | 2.06B | 1.61B | 1.51B | 1.49B | 1.49B | 1.62B |
| Accounts Payable | 46.91M | 18.50M | 13.02M | 20.24M | 14.39M | 13.74M |
| Accrued Expenses | 107.63M | 74.09M | 70.32M | 74.87M | 68.24M | 70.98M |
| Current Portion of Leases | 4.23M | |||||
| Current Income Taxes Payable | 1.77M | 1.18M | 5.45M | 1.15M | 1.29M | 2.78M |
| Other Current Liabilities | 5.49M | 9.53M | 4.59M | 54.99M | 51.11M | 48.45M |
| Total Current Liabilities | 161.79M | 107.53M | 93.38M | 151.26M | 135.03M | 135.95M |
| Long-Term Debt | 865.84M | 594.86M | 643.56M | 592.26M | 590.97M | 589.65M |
| Long-Term Leases | 3.03M | 11.31M | 15.85M | 21.12M | 25.41M | |
| Long-Term Unearned Revenue | 37.41M | 40.92M | 35.71M | 37.07M | 45.07M | |
| Long-Term Deferred Tax Liabilities | 167.56M | 121.15M | 74.32M | 104.84M | 137.26M | 146.26M |
| Total Liabilities | 1.25B | 863.99M | 863.49M | 899.92M | 921.45M | 942.35M |
| Common Stock | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M |
| Additional Paid-In Capital | 363.84M | 363.58M | 358.54M | 352.42M | 338.81M | 332.24M |
| Retained Earnings | 1.69B | 1.59B | 1.47B | 1.29B | 1.15B | 1.06B |
| Treasury Stock | -1.28B | -1.25B | -1.22B | -1.10B | -963.63M | -749.40M |
| Shareholders' Equity | 808.00M | 746.42M | 650.28M | 591.33M | 570.46M | 679.41M |
| Total Liabilities & Equity | 2.06B | 1.61B | 1.51B | 1.49B | 1.49B | 1.62B |
| Total Debt | 865.84M | 602.12M | 654.87M | 608.11M | 612.09M | 615.06M |
| Net Cash (Debt) | -756.92M | -293.35M | -563.95M | -452.70M | -480.21M | -444.90M |
| Net Cash Per Share | -18.61 | -7.18 | -12.95 | -9.72 | -9.22 | -6.70 |
| Filing Date Shares Outstanding | 39.00M | 39.58M | 40.82M | 43.69M | 48.04M | 55.16M |
| Total Common Shares Outstanding | 39.00M | 39.58M | 40.82M | 43.67M | 48.03M | 56.44M |
| Working Capital | 540.89M | 481.00M | 323.56M | 268.11M | 247.21M | 269.57M |
| Book Value Per Share | 20.72 | 18.86 | 15.93 | 13.54 | 11.88 | 12.04 |
| Tangible Book Value | 52.69M | 374.68M | 262.98M | 185.86M | 144.76M | 222.63M |
| Tangible Book Value Per Share | 1.35 | 9.47 | 6.44 | 4.26 | 3.01 | 3.94 |
| Machinery | 16.32M | 27.59M | 33.77M | 32.72M | 34.07M | |
| Leasehold Improvements | 5.25M | 5.25M | 10.91M | 10.91M | 12.12M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 150.79M | 146.79M | 197.25M | 138.84M | 98.71M | 243.56M |
| Depreciation & Amortization | 34.83M | 17.56M | 20.38M | 26.83M | 28.35M | 28.36M |
| Other Amortization | 1.52B | 1.60B | 1.63B | 1.58B | 1.76B | 1.82B |
| Asset Writedown & Restructuring Costs | 3.25M | 3.25M | 6.02M | 10.15M | ||
| Stock-Based Compensation | 32.14M | 28.81M | 29.18M | 24.92M | 17.52M | 21.35M |
| Provision & Write-off of Bad Debts | 342.41M | 336.66M | 330.61M | 304.63M | 376.26M | 224.74M |
| Other Operating Activities | -12.90M | 2.40M | -113.75M | -41.11M | -18.04M | 9.14M |
| Change in Accounts Receivable | -302.11M | -324.03M | -342.95M | -307.98M | -374.51M | -229.70M |
| Change in Accounts Payable | -26.70M | 8.19M | -8.49M | 15.20M | 2.23M | 70.82M |
| Change in Unearned Revenue | 5.00K | -3.50M | 5.20M | -1.36M | -8.00M | -1.50M |
| Change in Income Taxes | 26.53M | -39.70M | 24.74M | -14.19M | -6.01M | -29.75M |
| Change in Other Net Operating Assets | -1.53B | -1.51B | -1.69B | -1.56B | -1.69B | -1.93B |
| Operating Cash Flow | 331.25M | 334.96M | 138.53M | 204.24M | 242.48M | 245.96M |
| Capital Expenditures | -15.61M | -10.04M | -8.32M | -9.62M | -9.67M | -9.55M |
| Sale of Property, Plant & Equipment | 415.00K | 131.00K | 48.00K | 27.00K | 78.00K | |
| Cash Acquisitions | -391.85M | -22.77M | ||||
| Other Investing Activities | -8.53M | 41.00K | 365.00K | 6.00K | ||
| Investing Cash Flow | -356.54M | 6.64M | -79.17M | -38.83M | -53.53M | -82.17M |
| Long-Term Debt Issued | 50.00M | 591.75M | ||||
| Long-Term Debt Repaid | -50.00M | -50.00M | ||||
| Net Debt Issued (Repaid) | -66.61M | -50.00M | 50.00M | 541.75M | ||
| Issuance of Common Stock | 1.74M | 1.63M | 2.36M | 1.36M | 1.15M | 4.59M |
| Repurchase of Common Stock | -57.37M | -59.27M | -148.31M | -143.19M | -226.77M | -576.03M |
| Common Dividends Paid | -21.87M | -20.77M | -20.39M | |||
| Other Financing Activities | -4.63M | -84.00K | -2.78M | -29.00K | -1.60M | -591.00K |
| Financing Cash Flow | -148.74M | -128.49M | -119.12M | -141.87M | -227.22M | -30.28M |
| Net Cash Flow | -174.03M | 213.12M | -59.76M | 23.54M | -38.28M | 133.51M |
| Free Cash Flow | 315.64M | 324.92M | 130.21M | 194.62M | 232.81M | 236.41M |
| Free Cash Flow Margin | 11.43% | 13.49% | 5.43% | 8.32% | 8.96% | 8.83% |
| Free Cash Flow Per Share | 7.76 | 7.95 | 2.99 | 4.18 | 4.47 | 3.56 |
| Levered Free Cash Flow | 1.61B | 1.90B | 1.77B | 1.84B | 2.01B | 2.14B |
| Unlevered Free Cash Flow | 1.64B | 1.93B | 1.79B | 1.87B | 2.03B | 2.14B |
| Cash Interest Paid | 37.43M | 37.43M | 37.03M | 36.99M | ||
| Cash Income Tax Paid | 45.79M | 49.84M | 100.43M | 62.17M | 53.60M | |
| Change in Working Capital | -1.83B | -1.87B | -2.01B | -1.87B | -2.07B | -2.12B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.36B | 1.17B | 1.76B | 1.38B | 845.05M | 2.95B |
| Enterprise Value | 2.11B | 1.48B | 2.14B | 1.70B | 1.24B | 2.90B |
| Last Close Price | 34.75 | 29.13 | 41.01 | 29.63 | 16.19 | 43.24 |
| PE Ratio | 9.38 | 7.95 | 8.90 | 9.96 | 8.56 | 12.11 |
| Forward PE | 6.68 | 8.56 | 11.34 | 9.31 | 6.70 | 11.23 |
| PS Ratio | 0.49 | 0.48 | 0.73 | 0.59 | 0.33 | 1.10 |
| PB Ratio | 1.68 | 1.56 | 2.70 | 2.34 | 1.48 | 4.34 |
| P/TBV Ratio | 25.72 | 3.11 | 6.68 | 7.44 | 5.84 | 13.25 |
| P/FCF Ratio | 4.29 | 3.59 | 13.48 | 7.10 | 3.63 | 12.48 |
| P/OCF Ratio | 4.09 | 3.48 | 12.67 | 6.77 | 3.48 | 11.99 |
| PEG Ratio | 1.21 | 1.21 | 0.83 | 19.69 | 0.55 | |
| EV/Sales Ratio | 0.76 | 0.61 | 0.89 | 0.72 | 0.48 | 1.08 |
| EV/EBITDA Ratio | 4.44 | 3.69 | 5.16 | 4.11 | 2.89 | 5.92 |
| EV/EBIT Ratio | 4.79 | 3.86 | 5.43 | 4.39 | 3.10 | 6.28 |
| EV/FCF Ratio | 6.69 | 4.54 | 16.43 | 8.72 | 5.31 | 12.26 |
| Debt / Equity Ratio | 1.07 | 0.81 | 1.01 | 1.03 | 1.07 | 0.91 |
| Debt / EBITDA Ratio | 1.82 | 1.49 | 1.57 | 1.45 | 1.41 | 1.24 |
| Debt / FCF Ratio | 2.74 | 1.85 | 5.03 | 3.12 | 2.63 | 2.60 |
| Net Debt / Equity Ratio | 0.94 | 0.39 | 0.87 | 0.77 | 0.84 | 0.66 |
| Net Debt / EBITDA Ratio | 1.59 | 0.73 | 1.36 | 1.09 | 1.12 | 0.91 |
| Net Debt / FCF Ratio | 2.40 | 0.90 | 4.33 | 2.33 | 2.06 | 1.88 |
| Asset Turnover | 1.53 | 1.54 | 1.60 | 1.57 | 1.67 | 1.82 |
| Inventory Turnover | 168.40 | 118.79 | 144.20 | 157.02 | 173.74 | |
| Quick Ratio | 3.38 | 4.01 | 1.95 | 1.69 | 1.59 | 1.84 |
| Current Ratio | 4.34 | 5.47 | 4.46 | 2.77 | 2.83 | 2.98 |
| Return on Equity (ROE) | 17.33% | 17.81% | 31.78% | 23.05% | 15.79% | 29.25% |
| Return on Assets (ROA) | 15.31% | 15.31% | 16.38% | 16.20% | 16.01% | 19.61% |
| Return on Invested Capital (ROIC) | 20.02% | 24.20% | 34.88% | 26.10% | 24.41% | 31.78% |
| Return on Capital Employed (ROCE) | 23.30% | 25.50% | 27.70% | 28.80% | 29.40% | 31.00% |
| Earnings Yield | 10.66% | 12.59% | 11.24% | 10.04% | 11.68% | 8.26% |
| FCF Yield | 23.29% | 27.86% | 7.42% | 14.08% | 27.55% | 8.01% |
| Dividend Yield | 1.61% | 1.76% | 1.12% | |||
| Payout Ratio | 15.11% | 14.15% | 10.34% | |||
| Buyback Yield / Dilution | 1.81% | 6.17% | 6.45% | 10.61% | 21.59% | 2.36% |
| Total Shareholder Return | 3.42% | 7.93% | 7.56% | 10.61% | 21.59% | 2.36% |