PRGNYSEServices-Equipment Rental & Leasing, NECFiscal year ends December 31
PROG Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$30.83−0.16 (-0.52%)
Close on Oct 19, 2026
- Market cap
- $1.26B
- P/E (TTM)
- 8.5
- Dividend yield
- 1.69%
Margins
Share of revenue, fiscal years 2017 to 2025
Operating margin
8.6%−2.4 pts over 5 years
Net margin
6.1%+8.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.4% | -2.5% | -0.6% | – | |
| Operating income | +6.2% | +3.7% | -5.3% | – | |
| Net income | -25.6% | +14.1% | – | – | |
| EPS, diluted | -20.8% | +23.6% | – | – | |
| Free cash flow | +149.5% | +11.8% | -3.7% | – | |
| Dividend per share | +8.3% | – | +25.8% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -4.5% | 21.0% | |
| Return on assets | – | -2.7% | 9.4% | |
| Interest coverage | – | 1453.3× | 4.2× | |
| Capex to revenue | – | 2.6% | 0.4% | |
| Diluted shares | – | 68M | 41M |
Where the cash went
Fiscal 2021 to 2025, five years combined
PROG generated $1.17B from operations and spent $784.32M on capital expenditure, dividends and share buybacks. 6% of that went back into the business.
Generated
$1.17B
Used
$784.32M
Capital expenditure$47.20M6%Dividends$41.16M5%Share buybacks$695.96M89%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.1%
×Asset turnover1.54×
×Equity multiplier2.24×
=Return on equity, FY202521.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.1% | 1.54× | 2.24× | 21.0% |
| FY2024 | 8.2% | 1.60× | 2.42× | 31.8% |
| FY2023 | 5.9% | 1.57× | 2.57× | 23.9% |
| FY2022 | 3.8% | 1.67× | 2.49× | 15.8% |
| FY2021 | 9.1% | 1.82× | 1.76× | 29.2% |
| FY2020 | -2.5% | 1.08× | 1.69× | -4.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$146.79M
- Cash generatingOperating cash flow above zero$334.96M
- Return on assets improvedROA up on the prior year13.2% → 9.7%
- Earnings backed by cashOperating cash flow above net income$334.96M vs $146.79M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise44M → 41M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.61 → 1.59