PGR - The Progressive Corporation
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$228.33
DETAILS
HIGH:
$259.00
LOW:
$208.00
MEDIAN:
$224.50
CONSENSUS:
$228.33
UPSIDE:
15.25%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 87,637 | 75,343 | 62,083 | 49,587 | 47,676.5 | 42,638.1 | 38,997.7 | 31,954.7 | 26,816.1 | 23,417.4 | 20,831.9 | 19,377.3 | 18,156.4 | 17,070.3 | 15,761.2 | 15,197.2 | 14,563.6 | 12,840.1 | 14,686.8 | 14,786.4 | 14,303.4 | 13,782.1 | 11,892 | 9,294.4 | 7,488.2 | 6,771 | 6,124.2 | 5,292.4 | 4,608.2 | 3,478.4 | 3,011.9 | 2,415.3 | 1,954.8 |
| Cost of Revenue | 61,807 | 54,443 | 50,320 | 42,040 | 37,340.4 | 28,395 | 28,493.7 | 24,294.7 | 20,932.9 | 18,743.4 | 15,993.8 | 14,830.2 | 13,924.2 | 13,384.6 | 12,034 | 11,491.2 | 11,269.5 | 11,373.1 | 11,326.1 | 12,239.6 | 12,125.2 | 11,211.6 | 9,899.6 | 8,204.9 | 6,815.9 | 6,626.7 | 5,585.2 | 4,532 | 3,911.3 | 2,927.2 | 2,570.6 | 1,939.6 | 1,490.9 |
| Gross Profit | 25,830 | 20,900 | 11,763 | 7,547 | 10,336.1 | 14,243.1 | 10,504 | 7,660 | 5,883.2 | 4,674 | 4,838.1 | 4,547.1 | 4,232.2 | 3,685.7 | 3,727.2 | 3,706 | 3,294.1 | 1,467 | 3,360.7 | 2,546.8 | 2,178.2 | 2,570.5 | 1,992.4 | 1,089.5 | 672.3 | 144.3 | 539 | 760.4 | 696.9 | 551.2 | 441.3 | 475.7 | 463.9 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 178.9 | 134.1 | 109.5 | 92 | 77.5 | 50.9 | 38.8 | 36.1 | 19.4 | 21.4 | 19.4 | 20.4 | 20.5 | 24.4 | 24.6 | 25 | 25.7 | 22 | 19.8 | 21.4 | 40.9 | 30.8 | 43.9 | 41.9 | 30.2 | 31.9 | 36.9 |
| Other Expenses | 11,607 | 10,187 | 6,859 | 6,625 | 6,126.1 | 7,069.9 | 5,164.8 | 4,362.3 | 3,634.8 | 3,111.3 | 2,849 | 2,588.8 | 2,473.4 | 2,331.9 | 2,220.8 | 2,119.4 | 1,717.8 | 1,668.9 | 1,647.2 | 89.2 | 94.7 | 94.7 | 107 | 86.1 | 64.9 | 91.1 | 85.9 | 68.5 | 74.5 | 67.6 | 65.2 | 64 | 53.9 |
| Operating Expenses | 11,607 | 10,187 | 6,859 | 6,625 | 6,126.1 | 7,069.9 | 5,343.7 | 4,496.4 | 3,744.3 | 3,203.3 | 2,926.5 | 2,639.7 | 2,512.2 | 2,368 | 2,240.2 | 2,140.8 | 1,737.2 | 1,689.3 | 1,667.7 | 113.6 | 119.3 | 119.7 | 132.7 | 108.1 | 84.7 | 112.5 | 126.8 | 99.3 | 118.4 | 109.5 | 95.4 | 95.9 | 90.8 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 14,223 | 10,713 | 4,904 | 922 | 4,210 | 7,173.2 | 5,160.3 | 3,163.6 | 2,138.9 | 1,470.7 | 1,911.6 | 1,907.4 | 1,720 | 1,317.7 | 1,487 | 1,565.2 | 1,556.9 | (222.3) | 1,693 | 2,433.2 | 2,058.9 | 2,450.8 | 1,859.7 | 981.4 | 587.6 | 31.8 | 412.2 | 661.1 | 578.5 | 441.7 | 345.9 | 379.8 | 373.1 |
| Interest Expense | 278 | 279 | 268 | 244 | 218.6 | 217 | 189.7 | 166.5 | 153.1 | 140.9 | 136 | 116.9 | 118.2 | 123.8 | 132.7 | 133.5 | 139 | 136.7 | 108.6 | 77.3 | 82.6 | 80.8 | 95.5 | 74.6 | 52.2 | 77.8 | 76.4 | 61.1 | 64.6 | 61.5 | 57.1 | 55.3 | 39.7 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 14,814 | 11,276 | 5,457 | 1,472 | 4,766 | 7,722 | 5,656.1 | 3,592.5 | 2,528.1 | 1,811.1 | 2,198.1 | 2,121.4 | 1,939.5 | 1,535.9 | 1,708.2 | 1,781.8 | 1,823.5 | 48 | 1,935 | 2,613.9 | 2,233.9 | 2,823.7 | 2,044.5 | 1,139.9 | 720.8 | 187.2 | 560.4 | 778.3 | 679.7 | 527 | 423.4 | 454.4 | 428.9 |
| EBIT | 14,501 | 10,992 | 5,172 | 1,166 | 4,428.6 | 7,390.2 | 5,350 | 3,330.1 | 2,292 | 1,611.6 | 2,047.6 | 2,024.3 | 1,838.2 | 1,441.5 | 1,619.7 | 1,698.7 | 1,695.9 | (85.6) | 1,801.6 | 2,510.5 | 2,141.5 | 2,531.6 | 1,955.2 | 1,056 | 639.8 | 109.6 | 488.6 | 722.2 | 643.1 | 503.2 | 403 | 435.1 | 412.8 |
| Income Before Tax | 14,223 | 10,713 | 4,904 | 922 | 4,210 | 7,173.2 | 5,160.3 | 3,163.6 | 2,138.9 | 1,470.7 | 1,911.6 | 1,907.4 | 1,720 | 1,317.7 | 1,487 | 1,565.2 | 1,556.9 | (222.3) | 1,693 | 2,433.2 | 2,058.9 | 2,450.8 | 1,859.7 | 981.4 | 587.6 | 31.8 | 412.2 | 661.1 | 578.5 | 441.7 | 345.9 | 379.8 | 373.1 |
| Income Tax Expense | 2,915 | 2,233 | 1,001 | 200 | 859.1 | 1,468.6 | 1,180.3 | 542.6 | 540.8 | 413.5 | 611.1 | 626.4 | 554.6 | 415.4 | 471.5 | 496.9 | 499.4 | (152.3) | 510.5 | 785.7 | 665 | 802.1 | 604.3 | 314.1 | 176.2 | (14.3) | 117 | 204.4 | 178.5 | 128 | 95.4 | 105.5 | 105.8 |
| Net Income | 11,308 | 8,480 | 3,903 | 722 | 3,350.9 | 5,704.6 | 3,970.3 | 2,615.3 | 1,592.2 | 1,031 | 1,267.6 | 1,281 | 1,165.4 | 902.3 | 1,015.5 | 1,068.3 | 1,057.5 | (70) | 1,182.5 | 1,647.5 | 1,393.9 | 1,648.7 | 1,255.4 | 667.3 | 411.4 | 46.1 | 295.2 | 456.7 | 400 | 313.7 | 250.5 | 274.3 | 267.3 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 19.29 | 14.45 | 6.61 | 1.19 | 5.69 | 9.71 | 6.75 | 4.49 | 2.74 | 1.77 | 2.16 | 2.17 | 1.95 | 1.50 | 1.61 | 1.62 | 1.59 | -0.10 | 1.66 | 2.13 | 1.77 | 1.94 | 1.45 | 0.76 | 0.47 | 0.05 | 0.34 | 0.53 | 0.46 | 0.35 | 0.27 | 0.30 | 0.30 |
| EPS (Diluted) | 19.23 | 14.40 | 6.58 | 1.18 | 5.66 | 9.66 | 6.72 | 4.46 | 2.72 | 1.76 | 2.15 | 2.15 | 1.93 | 1.48 | 1.59 | 1.61 | 1.57 | -0.10 | 1.65 | 2.10 | 1.74 | 1.91 | 1.42 | 0.75 | 0.46 | 0.05 | 0.33 | 0.51 | 0.44 | 0.34 | 0.27 | 0.30 | 0.30 |
| Shares Outstanding | 586.3 | 585.5 | 584.9 | 584.4 | 584.5 | 584.9 | 583.8 | 582.4 | 580.8 | 581.7 | 585.5 | 590.6 | 599.1 | 603.3 | 632.3 | 657.9 | 666.8 | 668 | 710.4 | 774.3 | 787.7 | 851.6 | 867.2 | 876 | 884 | 878.4 | 874.8 | 870 | 864 | 909.3 | 922.1 | 916.9 | 893.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 125 | 143 | 85 | 203.5 | 187.1 | 76.5 | 226.2 | 69.5 | 265 | 211.5 | 160.7 | 2.9 | 20 | 12.1 | 16.9 | 11.2 | 8.9 | 14.2 | 18.6 | 23.3 | 15.4 | 16.2 | 13.4 | 8.7 |
| Short-Term Investments | 19,711 | 75,947 | 62,168 | 49,513.6 | 44,815.7 | 42,029.4 | 34,909.1 | 29,907.4 | 23,071.1 | 19,816.7 | 1,078 | 1,153.6 | 1,376.9 | 648 | 567.8 | 227.4 | 186.8 | 229 | 441.9 | 409.4 | 159.7 | 302.8 | 279.1 | 230.8 |
| Net Receivables | 20,115 | 19,134 | 17,052 | 16,249 | 14,380 | 12,179.5 | 10,886.2 | 6,497.1 | 5,422.5 | 4,509.2 | 2,454.8 | 2,408.6 | 2,677.8 | 2,350.9 | 1,958.5 | 1,900.1 | 2,042.4 | 2,270.2 | 2,018.2 | 1,478.3 | 1,130.8 | 988 | 922.1 | 761.5 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 13 | (72,253) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 40,161 | 23,320 | 79,555 | 66,261.6 | 59,840.4 | 54,653.5 | 46,648 | 36,783.7 | 28,961.9 | 24,707.9 | 3,762.8 | 3,627.5 | 3,803.9 | 3,125.7 | 2,424.2 | 2,014.8 | 2,096.1 | 2,347 | 2,275.4 | 1,990.8 | 1,391.7 | 1,377.5 | 1,297.8 | 1,085.6 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 783 | 790 | 881 | 1,034 | 1,137.3 | 1,106 | 1,213.7 | 1,131.7 | 1,119.6 | 1,177.1 | 961.3 | 997.1 | 666.5 | 584.7 | 503.1 | 498 | 504.5 | 447.7 | 376.2 | 260.4 | 169.9 | 159.2 | 143.3 | 106.7 |
| Goodwill | 0 | 228 | 228 | 227.9 | 452.7 | 452.7 | 452.7 | 452.7 | 452.7 | 449.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,044 | 1,961 | 1,687 | 86.3 | 117.3 | 171.4 | 228.3 | 294.6 | 366.6 | 432.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 77,662 | 80,250 | 65,999 | 53,548.3 | 51,514.1 | (42,029.4) | (34,909.1) | (29,907.4) | (23,071.1) | (19,816.7) | (1,078) | (1,153.6) | (1,376.9) | (648) | (567.8) | (227.4) | (186.8) | (229) | (441.9) | (409.4) | (159.7) | (302.8) | (279.1) | (230.8) |
| Other Non-Current Assets | 1,641 | (804) | (59,659) | (45,693.1) | (41,929.5) | 49,744.1 | 41,276.9 | 37,776.5 | 30,871.5 | 26,477 | 15,986.5 | 13,957.9 | 14,090.8 | 13,137.5 | 11,204.9 | 8,658.9 | 7,396.7 | 6,865.3 | 6,060.5 | 5,601.3 | 4,719.9 | 4,060.3 | 3,409.9 | 2,971.3 |
| Total Non-Current Assets | 82,878 | 82,425 | 9,136 | 9,203.4 | 11,291.9 | 9,444.8 | 8,262.5 | 9,791.3 | 9,739.3 | 8,719.6 | 16,286.5 | 14,623 | 13,380.4 | 13,155.8 | 11,140.2 | 9,107.6 | 7,955.5 | 7,357.7 | 6,187.7 | 5,568.8 | 4,792.2 | 3,975 | 3,377.3 | 2,925.7 |
| Total Assets | 123,039 | 105,745 | 88,691 | 75,465 | 71,132.3 | 64,098.3 | 54,910.5 | 46,575 | 38,701.2 | 33,427.5 | 20,049.3 | 18,250.5 | 17,184.3 | 16,281.5 | 13,564.4 | 11,122.4 | 10,051.6 | 9,704.7 | 8,463.1 | 7,559.6 | 6,183.9 | 5,352.5 | 4,675.1 | 4,011.3 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 0 | 0 | 0 | 5,532.8 | 6,069.1 | 4,955.8 | 4,617 | 5,046.5 | 3,481 | 2,495.5 | 0 | 0 | 1,325 | 1,290.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 499.4 | 499.1 | 3,269.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 25,219 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 43,310 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 68,529 | 0 | 0 | 5,532.8 | 6,069.1 | 4,955.8 | 5,116.4 | 5,545.6 | 6,750.2 | 2,495.5 | 0 | 0 | 1,325 | 1,290.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 6,897 | 6,893 | 6,889 | 6,388.3 | 4,898.8 | 5,396.1 | 4,407.1 | 3,905.8 | 37.1 | 3,148.2 | 2,177.2 | 2,175.5 | 1,284.3 | 1,489.8 | 1,489 | 1,095.7 | 748.8 | 1,048.6 | 776.6 | 775.9 | 775.7 | 675.9 | 675.6 | 477.1 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 152.9 | 310 | 118 | 0 | 135 | 111.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 17,290 | 73,261 | 61,525 | 47,652.9 | 41,779.9 | 36,397.8 | 31,595.8 | 26,301.8 | 22,494.1 | 19,715.4 | 12,123.5 | 11,859.7 | 9,419.6 | 8,471 | 8,307.4 | 6,776 | 6,433 | 5,903.3 | 5,129.4 | 4,647.8 | 3,731.3 | 3,200.8 | 2,847.6 | 2,536.3 |
| Total Non-Current Liabilities | 24,187 | 80,154 | 68,414 | 54,041.2 | 46,831.6 | 42,103.9 | 36,120.9 | 30,207.6 | 22,666.2 | 22,974.9 | 14,300.7 | 14,035.2 | 10,703.9 | 9,960.8 | 9,796.4 | 7,871.7 | 7,181.8 | 6,951.9 | 5,906 | 5,423.7 | 4,507 | 3,876.7 | 3,523.2 | 3,013.4 |
| Total Liabilities | 92,716 | 80,154 | 68,414 | 59,574 | 52,900.7 | 47,059.7 | 41,237.3 | 35,753.2 | 29,416.4 | 25,470.4 | 14,300.7 | 14,035.2 | 12,028.9 | 11,250.9 | 9,796.4 | 7,871.7 | 7,181.8 | 6,951.9 | 5,906 | 5,423.7 | 4,507 | 3,876.7 | 3,523.2 | 3,013.4 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 586 | 586 | 585 | 584.9 | 584.4 | 585.2 | 584.6 | 583.2 | 581.7 | 579.9 | 672.6 | 676.5 | 200.4 | 216.4 | 218 | 73.4 | 73.5 | 73.1 | 72.5 | 72.3 | 71.5 | 72.1 | 71.2 | 72.1 |
| Retained Earnings | 27,327 | 24,283 | 18,801 | 15,721.2 | 15,339.7 | 13,354.9 | 10,679.6 | 8,386.6 | 6,031.7 | 5,140.4 | 3,683.1 | 2,697.8 | 3,812.9 | 3,729.8 | 2,796 | 2,497.4 | 2,220.4 | 2,210.5 | 1,932.6 | 1,528.5 | 1,149.6 | 894.2 | 668.5 | 446.8 |
| Accumulated Other Comprehensive Income | 103 | (1,423) | (1,616) | (2,802) | 40.7 | 931.7 | 341.7 | (120.9) | 1,282.2 | 933.4 | 453.2 | (51.9) | 444.8 | 425 | 169.3 | 125.9 | 64.7 | (12.4) | 103.7 | 122.3 | 74 | 51.1 | (30.7) | 33.5 |
| Total Stockholders' Equity | 30,323 | 25,591 | 20,277 | 15,891 | 18,231.6 | 17,038.6 | 13,673.2 | 10,821.8 | 9,284.8 | 7,957.1 | 5,748.6 | 4,215.3 | 5,155.4 | 5,030.6 | 3,768 | 3,250.7 | 2,869.8 | 2,752.8 | 2,557.1 | 2,135.9 | 1,676.9 | 1,475.8 | 1,151.9 | 997.9 |
| Total Liabilities & Equity | 123,039 | 105,745 | 88,691 | 75,465 | 71,132.3 | 64,098.3 | 54,910.5 | 46,575 | 38,701.2 | 33,427.5 | 20,049.3 | 18,250.5 | 17,184.3 | 16,281.5 | 13,564.4 | 11,122.4 | 10,051.6 | 9,704.7 | 8,463.1 | 7,559.6 | 6,183.9 | 5,352.5 | 4,675.1 | 4,011.3 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 6,897 | 6,893 | 6,889 | 6,388.3 | 4,898.8 | 5,396.1 | 4,906.5 | 4,404.9 | 3,306.3 | 3,148.2 | 2,177.2 | 2,175.5 | 1,284.3 | 1,489.8 | 1,489 | 1,095.7 | 748.8 | 1,048.6 | 776.6 | 775.9 | 775.7 | 675.9 | 675.6 | 477.1 |
| Net Debt | 6,772 | 6,750 | 6,804 | 6,184.8 | 4,711.7 | 5,319.6 | 4,680.3 | 4,335.4 | 3,041.3 | 2,936.7 | 2,016.5 | 2,172.6 | 1,264.3 | 1,477.7 | 1,472.1 | 1,084.5 | 739.9 | 1,034.4 | 758 | 752.6 | 760.3 | 659.7 | 662.2 | 468.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 11,308 | 8,480 | 3,902.4 | 721.5 | 3,350.9 | 5,704.6 | 3,980 | 2,621 | 1,598.1 | 1,057.2 | 1,393.9 | 1,648.7 | 1,255.4 | 667.3 | 411.4 | 46.1 | 295.2 | 456.7 | 400 | 313.7 | 250.5 | 274.3 | 267.3 |
| Depreciation & Amortization | 313 | 284 | 299.7 | 336.6 | 337.4 | 331.8 | 306.1 | 262.4 | 236.1 | 199.5 | 315.7 | 292.1 | 100.3 | 83.9 | 81 | 77.6 | 71.8 | 56.1 | 36.6 | 23.8 | 20.4 | 19.3 | 16.1 |
| Stock-Based Compensation | 0.0 | 122 | 121.3 | 122.7 | 100.7 | 89.4 | 90.2 | 77.2 | 95.4 | 85.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 6,630 | 6,514 | 6,595.4 | 3,556.8 | 5,355.2 | 2,296.4 | 2,870.2 | 2,852.3 | 1,782.4 | 1,324.4 | 246.5 | 1,507.4 | 1,093.9 | 1,082.2 | 630.3 | 1,404.6 | 1,228.7 | 289.8 | 1,160.7 | 816.6 | 691.5 | 500.2 | 315.6 |
| Other Non-Cash Items | (703) | (281) | (275.5) | 2,111.2 | (1,382.5) | (1,516.6) | (984.9) | 477.6 | 1 | (1.6) | 37.9 | (785.7) | (12.7) | 78.6 | 111.9 | (705.9) | (820.6) | (184.6) | (862.6) | (501.9) | (431.8) | (342.5) | (275.5) |
| Operating Cash Flow | 17,548 | 15,119 | 10,643.3 | 6,848.8 | 7,761.7 | 6,905.6 | 6,261.6 | 6,284.8 | 3,756.8 | 2,701.9 | 1,994 | 2,662.5 | 2,436.9 | 1,912 | 1,234.6 | 822.4 | 775.1 | 618 | 734.7 | 652.2 | 530.6 | 451.3 | 323.5 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (348) | (285) | (252) | (292) | (243.5) | (223.5) | (363.5) | (266) | (155.7) | (215) | (219.3) | (192) | (171.1) | (89.9) | (74.9) | (130.3) | (147.5) | (174.2) | (121.9) | (35.8) | (38.3) | (58.2) | (60) |
| Acquisitions | 80 | 0 | 0 | 35.1 | (313.2) | 21.9 | 53.3 | (296.9) | (18.1) | 6.2 | 36.1 | 0 | 0 | 0 | 0 | 0 | (9.9) | 0 | (48) | 0 | 0 | 0 | 0 |
| Purchases of Investments | (59,094) | (47,946) | (25,863.5) | (28,536.7) | (34,015.6) | (36,381.9) | (29,145.1) | (21,691.8) | (14,843.4) | (12,044.8) | (33,216.9) | (728.6) | (10,343) | (8,605.6) | (6,631.2) | (6,486.4) | (7,171.4) | (4,974.2) | (7,671.1) | (5,172.5) | (3,362.5) | (1,951.2) | (1,692.1) |
| Sales/Maturities of Investments | 44,760 | 34,234 | 15,236.9 | 21,015.2 | 31,338.4 | 30,382.2 | 25,111 | 14,901.8 | 11,628.8 | 9,729.7 | 687 | 717.9 | 8,398 | 8,265.2 | 6,590.6 | 4,312.7 | 5,258.3 | 2,729.8 | 5,710.9 | 3,314.9 | 1,725.2 | 828.7 | 69.2 |
| Other Investing Activities | 75 | 248 | 36 | (177.8) | 114.1 | 83.6 | 6 | 21.1 | (18.3) | 59.4 | 31,167 | (645.8) | (37.1) | (1,661) | (1,366.9) | 1,793.3 | 1,006.2 | 1,819.5 | 1,412.2 | 1,276.7 | 1,156 | 590.7 | 1,293.7 |
| Investing Cash Flow | (14,527) | (13,749) | (10,842.6) | (7,956.2) | (3,119.8) | (6,117.7) | (4,338.3) | (7,331.8) | (3,406.7) | (2,464.5) | (1,546.1) | (848.5) | (2,153.2) | (2,091.3) | (1,482.4) | (510.7) | (1,064.3) | (599.1) | (717.9) | (616.7) | (519.6) | (590) | (389.2) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 496.3 | 1,486 | (520) | 986.3 | 0 | 1,096.9 | 156.5 | 451.9 | 0 | (206) | 0 | 397.8 | 364.9 | (300.4) | 271.4 | 0 | (20.4) | 99.2 | (0.4) | 198 | (92) |
| Stock Repurchased | (166) | (634) | (140.7) | (99) | (223) | (111.6) | (91.3) | (79) | (62.5) | (192.5) | (482.8) | (1,628.5) | (316.8) | (214.3) | (120.2) | (17.8) | (0.6) | (42.6) | (2.9) | (128.7) | (2.3) | (36.3) | (12.2) |
| Dividends Paid | (2,871) | (682) | (277.6) | (260.8) | (3,773.3) | (1,577.8) | (1,670) | (668.4) | (395.4) | (519) | (23.7) | (23.3) | (21.7) | (21.1) | (20.6) | (19.8) | (19) | (18.1) | (17.3) | (19.6) | (24.1) | (23.4) | (23.1) |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 | (235.7) | (9.6) | (293.6) | 0.5 | 9.2 | 0 | 0 | (50) | 0 | 0 | 2.4 | 0.9 | 25.6 | 17.6 | 5.9 | 8.5 | 0 | 0 |
| Financing Cash Flow | (3,037) | (1,316) | 78 | 1,126.2 | (4,516.3) | (938.8) | (1,770.9) | 549.8 | (300.9) | (250.4) | (462.3) | (1,806.1) | (288.5) | 185 | 250.1 | (317) | 284.8 | (23.6) | (8.9) | (36.3) | (8.2) | 143.4 | 51.5 |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | (16) | 54 | (121.3) | 18.8 | 125.6 | (150.9) | 152.4 | (200.3) | 48.9 | (12.6) | (14.4) | 7.9 | (4.8) | 5.7 | 2.3 | (5.3) | (4.4) | (4.7) | 7.9 | (0.8) | 2.8 | 4.7 | (14.2) |
| Cash at Beginning | 154 | 100 | 220.9 | 202.1 | 76.5 | 227.4 | 75 | 275.3 | 226.4 | 224.1 | 20 | 12.1 | 16.9 | 11.2 | 8.9 | 14.2 | 18.6 | 23.3 | 15.4 | 16.2 | 13.4 | 8.7 | 22.9 |
| Cash at End | 138 | 154 | 99.6 | 220.9 | 202.1 | 76.5 | 227.4 | 75 | 275.3 | 211.5 | 5.6 | 20 | 12.1 | 16.9 | 11.2 | 8.9 | 14.2 | 18.6 | 23.3 | 15.4 | 16.2 | 13.4 | 8.7 |
| Free Cash Flow | 17,200 | 14,834 | 10,391.3 | 6,556.8 | 7,518.2 | 6,682.1 | 5,898.1 | 6,018.8 | 3,601.1 | 2,486.9 | 1,774.7 | 2,470.5 | 2,265.8 | 1,822.1 | 1,159.7 | 692.1 | 627.6 | 443.8 | 612.8 | 616.4 | 492.3 | 393.1 | 263.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 87,637 | 75,343 | 62,083 | 49,587 | 47,676.5 | 42,638.1 | 38,997.7 | 31,954.7 | 26,816.1 | 23,417.4 | 20,831.9 | 19,377.3 | 18,156.4 | 17,070.3 | 15,761.2 | 15,197.2 | 14,563.6 | 12,840.1 | 14,686.8 | 14,786.4 | 14,303.4 | 13,782.1 | 11,892 | 9,294.4 | 7,488.2 | 6,771 | 6,124.2 | 5,292.4 | 4,608.2 | 3,478.4 | 3,011.9 | 2,415.3 | 1,954.8 |
| Gross Profit | 25,830 | 20,900 | 11,763 | 7,547 | 10,336.1 | 14,243.1 | 10,504 | 7,660 | 5,883.2 | 4,674 | 4,838.1 | 4,547.1 | 4,232.2 | 3,685.7 | 3,727.2 | 3,706 | 3,294.1 | 1,467 | 3,360.7 | 2,546.8 | 2,178.2 | 2,570.5 | 1,992.4 | 1,089.5 | 672.3 | 144.3 | 539 | 760.4 | 696.9 | 551.2 | 441.3 | 475.7 | 463.9 |
| Operating Income | 14,223 | 10,713 | 4,904 | 922 | 4,210 | 7,173.2 | 5,160.3 | 3,163.6 | 2,138.9 | 1,470.7 | 1,911.6 | 1,907.4 | 1,720 | 1,317.7 | 1,487 | 1,565.2 | 1,556.9 | (222.3) | 1,693 | 2,433.2 | 2,058.9 | 2,450.8 | 1,859.7 | 981.4 | 587.6 | 31.8 | 412.2 | 661.1 | 578.5 | 441.7 | 345.9 | 379.8 | 373.1 |
| Net Income | 11,308 | 8,480 | 3,903 | 722 | 3,350.9 | 5,704.6 | 3,970.3 | 2,615.3 | 1,592.2 | 1,031 | 1,267.6 | 1,281 | 1,165.4 | 902.3 | 1,015.5 | 1,068.3 | 1,057.5 | (70) | 1,182.5 | 1,647.5 | 1,393.9 | 1,648.7 | 1,255.4 | 667.3 | 411.4 | 46.1 | 295.2 | 456.7 | 400 | 313.7 | 250.5 | 274.3 | 267.3 |
| EPS (Diluted) | 19.23 | 14.40 | 6.58 | 1.18 | 5.66 | 9.66 | 6.72 | 4.46 | 2.72 | 1.76 | 2.15 | 2.15 | 1.93 | 1.48 | 1.59 | 1.61 | 1.57 | -0.10 | 1.65 | 2.10 | 1.74 | 1.91 | 1.42 | 0.75 | 0.46 | 0.05 | 0.33 | 0.51 | 0.44 | 0.34 | 0.27 | 0.30 | 0.30 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 125 | 143 | 85 | 203.5 | 187.1 | 76.5 | 226.2 | 69.5 | 265 | 211.5 | 160.7 | 2.9 | 20 | 12.1 | 16.9 | 11.2 | 8.9 | 14.2 | 18.6 | 23.3 | 15.4 | 16.2 | 13.4 | 8.7 | |||||||||
| Total Assets | 123,039 | 105,745 | 88,691 | 75,465 | 71,132.3 | 64,098.3 | 54,910.5 | 46,575 | 38,701.2 | 33,427.5 | 20,049.3 | 18,250.5 | 17,184.3 | 16,281.5 | 13,564.4 | 11,122.4 | 10,051.6 | 9,704.7 | 8,463.1 | 7,559.6 | 6,183.9 | 5,352.5 | 4,675.1 | 4,011.3 | |||||||||
| Total Debt | 6,897 | 6,893 | 6,889 | 6,388.3 | 4,898.8 | 5,396.1 | 4,906.5 | 4,404.9 | 3,306.3 | 3,148.2 | 2,177.2 | 2,175.5 | 1,284.3 | 1,489.8 | 1,489 | 1,095.7 | 748.8 | 1,048.6 | 776.6 | 775.9 | 775.7 | 675.9 | 675.6 | 477.1 | |||||||||
| Stockholders' Equity | 30,323 | 25,591 | 20,277 | 15,891 | 18,231.6 | 17,038.6 | 13,673.2 | 10,821.8 | 9,284.8 | 7,957.1 | 5,748.6 | 4,215.3 | 5,155.4 | 5,030.6 | 3,768 | 3,250.7 | 2,869.8 | 2,752.8 | 2,557.1 | 2,135.9 | 1,676.9 | 1,475.8 | 1,151.9 | 997.9 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 17,548 | 15,119 | 10,643.3 | 6,848.8 | 7,761.7 | 6,905.6 | 6,261.6 | 6,284.8 | 3,756.8 | 2,701.9 | 1,994 | 2,662.5 | 2,436.9 | 1,912 | 1,234.6 | 822.4 | 775.1 | 618 | 734.7 | 652.2 | 530.6 | 451.3 | 323.5 | ||||||||||
| Capital Expenditure | (348) | (285) | (252) | (292) | (243.5) | (223.5) | (363.5) | (266) | (155.7) | (215) | (219.3) | (192) | (171.1) | (89.9) | (74.9) | (130.3) | (147.5) | (174.2) | (121.9) | (35.8) | (38.3) | (58.2) | (60) | ||||||||||
| Free Cash Flow | 17,200 | 14,834 | 10,391.3 | 6,556.8 | 7,518.2 | 6,682.1 | 5,898.1 | 6,018.8 | 3,601.1 | 2,486.9 | 1,774.7 | 2,470.5 | 2,265.8 | 1,822.1 | 1,159.7 | 692.1 | 627.6 | 443.8 | 612.8 | 616.4 | 492.3 | 393.1 | 263.5 | ||||||||||