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Stocks Comparison

Progressive vs StoneX: revenue, profit, margins and growth compared

Progressive brought in $87.7B of revenue in fiscal 2025, StoneX $132.4B in fiscal 2025. Revenue changed by +16.3% at Progressive and +32.5% at StoneX on the year before, so StoneX grew faster. Progressive kept 12.9% of its revenue as net profit, StoneX 0.2%. Free cash flow was $17.2B at Progressive and $4.3B at StoneX.

Side by side, latest fiscal year

PGRSNEX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$87.7B$132.4B
Revenue growth+16.3%+32.5%
Net income$11.3B$305.9M
Net margin12.9%0.2%
Free cash flow$17.2B$4.3B
Free cash flow margin19.6%3.3%
Earnings per share (diluted)$19.23$5.89
Cash$138M$1.6B
Debt$0n/a
Price to earnings10.711.3
Market value$119.5B$8.1B
Dividend yield6.76%n/a
Rank by revenue in sector#5 of 444 · Finance#4 of 444 · Finance

Over the years

Revenue
PGR FY2018: $32BPGR FY2019: $39BPGR FY2020: $42.7BPGR FY2021: $47.7BPGR FY2022: $49.6BPGR FY2023: $62.1BPGR FY2024: $75.4BPGR FY2025: $87.7BSNEX FY2018: $27.6BSNEX FY2019: $32.9BSNEX FY2020: $54.1BSNEX FY2021: $42.5BSNEX FY2022: $66BSNEX FY2023: $60.9BSNEX FY2024: $99.9BSNEX FY2025: $132.4BFY18FY19FY20FY21FY22FY23FY24FY25
PGR $87.7BSNEX $132.4B
Net income
PGR FY2018: $2.6BPGR FY2019: $4BPGR FY2020: $5.7BPGR FY2021: $3.4BPGR FY2022: $722MPGR FY2023: $3.9BPGR FY2024: $8.5BPGR FY2025: $11.3BSNEX FY2018: $55.5MSNEX FY2019: $85.1MSNEX FY2020: $169.6MSNEX FY2021: $116.3MSNEX FY2022: $207.1MSNEX FY2023: $238.5MSNEX FY2024: $260.8MSNEX FY2025: $305.9MFY18FY19FY20FY21FY22FY23FY24FY25
PGR $11.3BSNEX $305.9M
Net margin
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%SNEX FY2018: 0.2%SNEX FY2019: 0.3%SNEX FY2020: 0.3%SNEX FY2021: 0.3%SNEX FY2022: 0.3%SNEX FY2023: 0.4%SNEX FY2024: 0.3%SNEX FY2025: 0.2%FY18FY19FY20FY21FY22FY23FY24FY25
PGR 12.9%SNEX 0.2%
Revenue growth
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%SNEX FY2019: +19.1%SNEX FY2020: +64.6%SNEX FY2021: -21.4%SNEX FY2022: +55.3%SNEX FY2023: -7.8%SNEX FY2024: +64.1%SNEX FY2025: +32.5%FY19FY20FY21FY22FY23FY24FY25
PGR +16.3%SNEX +32.5%
Free cash flow
PGR FY2018: $6BPGR FY2019: $5.9BPGR FY2020: $6.7BPGR FY2021: $7.5BPGR FY2022: $6.6BPGR FY2023: $10.4BPGR FY2024: $14.8BPGR FY2025: $17.2BSNEX FY2018: -$486.1MSNEX FY2019: $183.7MSNEX FY2020: $1.9BSNEX FY2021: $2.1BSNEX FY2022: -$279MSNEX FY2023: -$70.6MSNEX FY2024: $441.7MSNEX FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
PGR $17.2BSNEX $4.3B

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

Questions about Progressive and StoneX

Which is bigger by revenue, Progressive or StoneX?

StoneX is bigger by revenue: $132.4B in fiscal 2025, against $87.7B for Progressive in fiscal 2025.

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

Progressive had a net margin of 12.9% in fiscal 2025; StoneX had 0.2% in fiscal 2025.

Which grew revenue faster, Progressive or StoneX?

In their latest fiscal years revenue changed by +16.3% at Progressive and +32.5% at StoneX.

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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