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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.4B | $1.8B | $147M | $325M | 19.7% | 0.4% | -25.6% |
| 2024 | $2.4B | $1.9B | $197M | $130M | 30.3% | 2.6% | 42.1% |
| 2023 | $2.3B | $1.8B | $139M | $195M | 23.5% | -9.9% | 40.7% |
| 2022 | $2.6B | $2.0B | $99M | $233M | 17.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,597.83 | 2,339.35 | 2,399.08 | 2,409.22 |
| Operating Expense | - | 2,186.61 | 1,941.57 | 1,989.12 | 2,005.33 |
| Operating Income | - | 411.21 | 397.78 | 409.96 | 403.90 |
| EBITDA | - | 1,978.50 | 1,827.04 | 1,850.33 | 1,828.54 |
| EBIT | - | 186.92 | 218.71 | 202.25 | 213.84 |
| Pretax Income | - | 148.24 | 189.30 | 163.44 | 174.52 |
| Tax Provision | - | 49.54 | 55.41 | -33.88 | 50.17 |
| Net Income | - | 98.71 | 138.84 | 197.25 | 146.79 |
| Net Income Common Stockholders | - | 98.71 | 138.84 | 197.25 | 146.79 |
| Total Expenses | - | 2,186.61 | 1,941.57 | 1,989.12 | 2,005.33 |
| Interest Expense | - | 38.67 | 29.41 | 38.82 | 39.32 |
| Interest Income | - | 1.27 | 9.29 | 7.53 | 7.07 |
| Selling General And Administration | - | 326.17 | 329.32 | 323.05 | 350.72 |
| Normalized EBITDA | - | 2,191.58 | 1,994.83 | 2,049.51 | 1,997.80 |
| Normalized Income | - | 240.62 | 252.51 | 354.66 | 245.04 |
| Market Cap | 1,259.03 | 1,259.03 | 1,259.03 | 1,259.03 | 1,259.03 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PROG Holdings, Inc.this co. | PRG | $1.3B | 8.58β discount | 1.69 | 19.7% | 0.85 |
| TETRA Technologies, Inc. | TTI | $1.3B | 323.33 | 4.58 | 1.1% | 15.08 |
| Eastman Kodak Company | KODK | $1.3B | - | 2.13 | -18.0% | 6.74 |
| Evolv Technologies Holdings, Inc. | EVLV | $1.3B | - | 10.32 | -27.7% | -140.63 |
| Global Industrial Company | GIC | $1.2B |
| - |
| - |
| - |
| - |
| - |
| 17.62 |
| 3.97 |
| 23.0% |
| 12.16 |
| Distribution Solutions Group, Inc. | DSGR | $1.2B | 149.72 | 1.92 | 1.3% | 12.46 |
| ICF International, Inc. | ICFI | $1.2B | 13.85 | 1.22 | 8.9% | 8.94 |
| Marten Transport, Ltd. | MRTN | $1.2B | 69.22 | 1.57 | 2.3% | 10.02 |
| Lindsay Corporation | LNN | $1.2B | 15.37 | 2.14 | 13.9% | 8.73 |
| Peer Median | - | 43.42 | 2.13 | 1.8% | 9.48 | |