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Provides lease-to-own financing that lets consumers acquire furniture, electronics and appliances from retail partners.
Provides lease-to-own financing that lets consumers acquire furniture, electronics and appliances from retail partners.
Buys the item from the retailer at the shelf price and leases it to the shopper, who pays by instalments and can buy it outright early; the retailer is paid up front, which is why it offers the option. Income is the lease payments less the cost of goods and losses from shoppers who stop paying. Since the 2020 split from the Aaron's store business, Progressive Leasing is the core.
Moat: narrow (distribution, data). Embedded point-of-sale partnerships with retailers and underwriting data on non-prime lease performance.
Headquarters: Salt Lake City, Utah, US · Employees: 1,235
Size PROG (PRG) is a United States Financials company (Finance/Rental/Leasing) with a market value of $1.47B, the 2001st largest of 3,117 United States companies the cockpit tracks. Shares closed at $37.71 on 6 Nov 2026.
Performance Over six months the shares gained 3.8%, against -5.1% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 10.2% over the last twelve months (peer median +2.9%); the operating margin is 8.1% (peer median 14.6%).
Valuation It trades at 1.82× book value against a peer median of 1.39× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 23.0%; PROG delivers 17.3%, so the price asks more than the business earns today.
Credit PROG has 1 bond outstanding ($600M), rated B+ by the agencies and trading like B+ at a weighted spread of 306 bp.
Short interest Short interest is 8.2% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.76B | $2.41B | $2.40B | $2.41B | $2.60B |
| Revenue growth | — | 0% | 0% | -7% | — |
| Gross profit | $1.03B | $819M | $778M | $800M | $806M |
| EBITDA | $265M | $263M | $271M | $1.89B | $2.03B |
| Net income | $151M | $147M | $197M | $139M | $98.7M |
| Free cash flow | $316M | $325M | $130M | $195M | $233M |
| Capital expenditure | $15.6M | $10.0M | $8.32M | $9.62M | $9.67M |
| Total debt | $866M | $602M | $655M | $608M | $612M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| PROG PRG | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% |
| Upbound UPBD | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PRG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +22.0% | +1.2% | 3rd highest of 21 |
| 6-month return | +3.8% | -5.1% | 10th highest of 21 |
| Return on equity | 17.3% | 7.4% | 2nd highest of 21 |
| Price / book | 1.82× | 1.39× | 8th most expensive of 21 |
| Trailing P/E | 10.2× | 14.5× | 4th cheapest of 18 |
| ROE the price implies | 23.0% | 12.4% | 8th most demanding of 21 |
| ROE delivered | 17.3% | 8.5% | 2nd highest of 19 |
| Bond spread | 306 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |
| Zigup ZIG.L | United Kingdom | $1.41B | +14% | +3% | 7% | 0.96× | 12.8% | 7.1% |
| Duskin 4665.T | Japan | $1.40B | +20% | +3% | 7% | 1.43× | 5.4% | 6.7% |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| Atlanticus ATLC | United States | $1.38B | +8% | +84% | 23% | 1.97× | 24.5% | 22.9% |
| Haitong Unitrust International Financial Leasing 1905.HK | Hong Kong | $1.38B | +57% | -20% | 6% | 0.52× | 4.2% | 6.5% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| Zhejiang Haikong Nanke Huatie Digital Technology 603300.SS | China | $1.34B | -31% | +12% | 5% | 1.29× | 9.8% | 5.3% |
| Walker & Dunlop WD | United States | $1.34B | -28% | +9% | 2% | 0.76× | 10.0% | 2.2% |
| Metro Bank MTRO.L | United Kingdom | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% | 4.3% |
| Five-Star Business Finance FIVESTAR.NS | India | $1.33B | -10% | +9% | 15% | 1.59× | 22.3% | 15.2% |
| Taiwan Acceptance 9941.TW | Taiwan | $1.31B | -6% | -3% | 12% | 1.10× | 3.8% | 12.2% |
| Greatoo Intelligent Equipment 002031.SZ | China | $1.68B | -11% | -20% | -13% | 6.07× | 54.9% | -13.5% |
| Altus AIF.TO | Canada | $1.26B | +15% | -7% | -2% | 5.50× | 28.5% | -2.2% |
| Zip ZIP.AX | Australia | $1.74B | -17% | +24% | 17% | 3.74× | 66.6% | 16.8% |
| IFCI IFCI.NS | India | $1.75B | -4% | -3% | 2% | 1.85× | 36.2% | n/a |
| EZCORP EZPW | United States | $1.75B | -15% | +29% | 15% | 1.51× | 11.5% | 14.7% |
| Kanamoto 9678.T | Japan | $1.23B | +17% | +2% | 9% | 1.20× | 6.4% | 9.3% |
| Genertec Universal Medical 2666.HK | Hong Kong | $1.21B | -19% | 0% | 12% | 0.41× | 5.1% | 11.6% |
| Home First Finance Company India HOMEFIRST.NS | India | $1.21B | -10% | +19% | 14% | 2.45× | 31.6% | 14.3% |
PROG has 1 bond outstanding with $600M face value. The agencies rate it B+; its bonds trade like B+. Weighted yield 7.60%, a spread of 306 bp over government bonds.