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Stocks Comparison

Arch Capital vs Progressive: revenue, profit, margins and growth compared

Arch Capital brought in $19.9B of revenue in fiscal 2025, Progressive $87.7B in fiscal 2025. Revenue changed by +14.3% at Arch Capital and +16.3% at Progressive on the year before, so Progressive grew faster. Arch Capital kept 22.1% of its revenue as net profit, Progressive 12.9%. Free cash flow was $6.1B at Arch Capital and $17.2B at Progressive.

Side by side, latest fiscal year

ACGLPGR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$19.9B$87.7B
Revenue growth+14.3%+16.3%
Net income$4.4B$11.3B
Net margin22.1%12.9%
Free cash flow$6.1B$17.2B
Free cash flow margin30.7%19.6%
Earnings per share (diluted)$11.60$19.23
Cash$993M$138M
Debtn/a$0
Price to earnings8.210.7
Market value$32.3B$119.5B
Dividend yield5.28%6.76%
Rank by revenue in sector#30 of 444 · Finance#5 of 444 · Finance

Over the years

Revenue
ACGL FY2018: $5.5BACGL FY2019: $6.9BACGL FY2020: $8.5BACGL FY2020: $9.2BACGL FY2022: $9.6BACGL FY2023: $13.6BACGL FY2024: $17.4BACGL FY2025: $19.9BPGR FY2018: $32BPGR FY2019: $39BPGR FY2020: $42.7BPGR FY2021: $47.7BPGR FY2022: $49.6BPGR FY2023: $62.1BPGR FY2024: $75.4BPGR FY2025: $87.7BFY18FY19FY20FY21FY22FY23FY24FY25
ACGL $19.9BPGR $87.7B
Net income
ACGL FY2018: $758MACGL FY2019: $1.6BACGL FY2020: $1.4BACGL FY2020: $2.2BACGL FY2022: $1.5BACGL FY2023: $4.4BACGL FY2024: $4.3BACGL FY2025: $4.4BPGR FY2018: $2.6BPGR FY2019: $4BPGR FY2020: $5.7BPGR FY2021: $3.4BPGR FY2022: $722MPGR FY2023: $3.9BPGR FY2024: $8.5BPGR FY2025: $11.3BFY18FY19FY20FY21FY22FY23FY24FY25
ACGL $4.4BPGR $11.3B
Net margin
ACGL FY2018: 13.9%ACGL FY2019: 23.6%ACGL FY2020: 16.5%ACGL FY2020: 23.3%ACGL FY2022: 15.4%ACGL FY2023: 32.6%ACGL FY2024: 24.7%ACGL FY2025: 22.1%PGR FY2018: 8.2%PGR FY2019: 10.2%PGR FY2020: 13.4%PGR FY2021: 7.0%PGR FY2022: 1.5%PGR FY2023: 6.3%PGR FY2024: 11.3%PGR FY2025: 12.9%FY18FY19FY20FY21FY22FY23FY24FY25
ACGL 22.1%PGR 12.9%
Revenue growth
ACGL FY2019: +27.1%ACGL FY2020: +22.8%ACGL FY2020: +8.7%ACGL FY2022: +3.9%ACGL FY2023: +41.8%ACGL FY2024: +27.9%ACGL FY2025: +14.3%PGR FY2019: +22.0%PGR FY2020: +9.3%PGR FY2021: +11.8%PGR FY2022: +4.0%PGR FY2023: +25.2%PGR FY2024: +21.4%PGR FY2025: +16.3%FY19FY20FY21FY22FY23FY24FY25
ACGL +14.3%PGR +16.3%
Free cash flow
ACGL FY2018: $1.5BACGL FY2019: $2BACGL FY2020: $2.8BACGL FY2020: $3.4BACGL FY2022: $3.8BACGL FY2023: $5.7BACGL FY2024: $6.6BACGL FY2025: $6.1BPGR FY2018: $6BPGR FY2019: $5.9BPGR FY2020: $6.7BPGR FY2021: $7.5BPGR FY2022: $6.6BPGR FY2023: $10.4BPGR FY2024: $14.8BPGR FY2025: $17.2BFY18FY19FY20FY21FY22FY23FY24FY25
ACGL $6.1BPGR $17.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Arch Capital and Progressive

Which is bigger by revenue, Arch Capital or Progressive?

Progressive is bigger by revenue: $87.7B in fiscal 2025, against $19.9B for Arch Capital in fiscal 2025.

Which keeps more of its revenue as profit, Arch Capital or Progressive?

Arch Capital had a net margin of 22.1% in fiscal 2025; Progressive had 12.9% in fiscal 2025.

Which grew revenue faster, Arch Capital or Progressive?

In their latest fiscal years revenue changed by +14.3% at Arch Capital and +16.3% at Progressive.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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