PROG Holdings, Inc. (PRG)
PROG Holdings, Inc., a financial technology holding company, provides payment options to consumers in the United States. The company operates through two segments: Progressive Leasing and Four. It owns Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and Four, which enables consumers of all credit backgrounds to pay for purchases over time through short-term, interest-free instalment buy-now-pay-later BNPL plans. The company offers Purchasing Power, that provides these underserved customers with alternatives to traditional financing options. The company was formerly known as Aaron's Holdings Company, Inc. and changed its name to PROG Holdings, Inc. in December 2020. PROG Holdings, Inc. was founded in 1955 and is based in Draper, Utah.
- Symbol
- PRG
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Rental & Leasing Services
- Market cap
- $1.37B
- 52 week range
- 25.8 - 47.73
Valuation
- Share price
- $32.27 (close of 2026-09-23)
- P/E (TTM)
- 9.29x
- Price to book
- 1.71x
- Price to free cash flow
- 4.31x
- Enterprise value
- $2.18B
- Book value per share
- $20.04
Price performance
| Period | Change |
|---|
| 1 day | -7.43% |
| 5 days | -11.18% |
| 1 month | -16.77% |
| 3 months | -18.16% |
| 6 months | +12.64% |
| Year to date | +9.43% |
| 1 year | -6.30% |
| 3 years | -0.55% |
| 5 years | -28.67% |
| 10 years | +52.65% |
| All time | +3652.33% |
Profitability and growth
- Return on equity
- 19.67%
- Return on invested capital
- 15.06%
- Return on assets
- 9.11%
- Gross margin
- 24.30%
- Net margin
- 6.09%
- EBITDA margin
- 9.58%
- Revenue growth
- 0.42%
- Net income growth
- -25.58%
- Free cash flow growth
- 149.54%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 23.20%
- Net debt to EBITDA
- 0.45x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $2.41B
- Cost of revenue
- $1.82B
- Gross profit
- $585.35M
- EBITDA
- $230.81M
- Net income
- $146.79M
- Earnings per share
- $3.66
- Shares outstanding
- 40.09M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $2.41B | $585.35M | $146.79M | $3.66 |
| 2024-12-31 | $2.40B | $533.83M | $197.25M | $4.63 |
| 2023-12-31 | $2.34B | $559.32M | $138.84M | $3.02 |
| 2022-12-31 | $2.60B | $551.93M | $98.71M | $1.90 |
| 2021-12-31 | $2.68B | $333.53M | $243.56M | $3.69 |
| 2020-12-31 | $2.48B | $271.76M | $-61.47M | $-0.91 |
| 2019-12-31 | $2.16B | $27.61M | $31.47M | $0.47 |
| 2018-12-31 | $2.04B | $156.80M | $196.21M | $2.84 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 24.30% | 6.09% | 19.67% | 15.06% |
| 2024-12-31 | 22.25% | 8.22% | 30.33% | 16.04% |
| 2023-12-31 | 23.91% | 5.93% | 23.48% | 15.64% |
| 2022-12-31 | 21.25% | 3.80% | 17.30% | 12.95% |
| 2021-12-31 | 12.45% | 9.10% | 35.85% | 22.14% |
| 2020-12-31 | 10.94% | -2.47% | -6.23% | 22.72% |
| 2019-12-31 | 1.28% | 1.45% | 1.81% | 0.81% |
| 2018-12-31 | 7.70% | 9.64% | 11.14% | 7.18% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $308.77M | $594.86M |
| 2024-12-31 | $90.92M | $643.56M |
| 2023-12-31 | $155.42M | $592.26M |
| 2022-12-31 | $131.88M | $590.97M |
| 2021-12-31 | $170.16M | $589.65M |
| 2020-12-31 | $36.65M | $50.00M |
| 2019-12-31 | $57.76M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $324.92M | $28.81M |
| 2024-12-31 | $130.21M | $29.18M |
| 2023-12-31 | $194.62M | $24.92M |
| 2022-12-31 | $232.81M | $17.52M |
| 2021-12-31 | $236.41M | $21.35M |
| 2020-12-31 | $391.62M | $-2.60M |
| 2019-12-31 | $224.22M | $26.55M |
| 2018-12-31 | $277.65M | $28.18M |
Dividend history
- Most recent payment
- 2026-08-18
- Paid in the last twelve months
- $0.55
| Payment date | Dividend per share |
|---|
| 2026-08-18 | $0.14 |
| 2026-05-19 | $0.14 |
| 2026-03-12 | $0.14 |
| 2025-11-18 | $0.13 |
| 2025-08-19 | $0.13 |
| 2025-05-20 | $0.13 |
| 2025-03-13 | $0.13 |
| 2024-11-19 | $0.12 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-28
- Consensus EPS estimate
- $1.06
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-29 | Jun/2026 | $0.96 |
| 2026-04-29 | - | - |
| 2026-02-18 | - | - |
| 2025-10-22 | - | - |
| 2025-07-23 | - | - |
| 2025-04-23 | - | - |
| 2025-02-19 | - | - |
| 2024-10-23 | - | - |
Filings and sources
- Company website
- progholdings.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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