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Side-by-side financial comparison of Performance Food Group Co (PFGC) and Progressive Corporation (PGR). Click either name above to swap in a different company.
Progressive Corporation is the larger business by last-quarter revenue ($22.7B vs $16.4B, roughly 1.4× Performance Food Group Co). Progressive Corporation runs the higher net margin — 13.0% vs 0.4%, a 12.6% gap on every dollar of revenue. On growth, Progressive Corporation posted the faster year-over-year revenue change (12.2% vs 5.2%). Progressive Corporation produced more free cash flow last quarter ($3.0B vs $487.8M). Over the past eight quarters, Progressive Corporation's revenue compounded faster (14.9% CAGR vs 8.9%).
PepsiCo, Inc. is an American multinational food and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has since expanded from its namesake product Pepsi to an immensely diversified range of food and beverage bran...
The Progressive Corporation is an American insurance company. Progressive is currently the #2 auto insurer in the United States behind State Farm. The company was co-founded in 1937 by Jack Green and Joseph M. Lewis, and is headquartered in Mayfield, Ohio. The company insures passenger vehicles, motorcycles, recreational vehicles (RVs), trailers, boats, personal water craft (PWC), and commercial vehicles. Progressive also provides home, life, pet, and other types of insurance through select c...
PFGC vs PGR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $16.4B | $22.7B |
| Net Profit | $61.7M | $3.0B |
| Gross Margin | 12.0% | — |
| Operating Margin | 1.2% | 16.2% |
| Net Margin | 0.4% | 13.0% |
| Revenue YoY | 5.2% | 12.2% |
| Net Profit YoY | 45.5% | 25.3% |
| EPS (diluted) | $0.39 | $5.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $16.4B | $22.7B | ||
| Q3 25 | $17.1B | $22.5B | ||
| Q2 25 | $16.9B | $22.0B | ||
| Q1 25 | $15.3B | $20.4B | ||
| Q4 24 | $15.6B | $20.3B | ||
| Q3 24 | $15.4B | $19.7B | ||
| Q2 24 | $15.2B | $18.1B | ||
| Q1 24 | $13.9B | $17.2B |
| Q4 25 | $61.7M | $3.0B | ||
| Q3 25 | $93.6M | $2.6B | ||
| Q2 25 | $131.5M | $3.2B | ||
| Q1 25 | $58.3M | $2.6B | ||
| Q4 24 | $42.4M | $2.4B | ||
| Q3 24 | $108.0M | $2.3B | ||
| Q2 24 | $166.5M | $1.5B | ||
| Q1 24 | $70.4M | $2.3B |
| Q4 25 | 12.0% | — | ||
| Q3 25 | 11.8% | — | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 11.9% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | 11.3% | — |
| Q4 25 | 1.2% | 16.2% | ||
| Q3 25 | 1.3% | 14.8% | ||
| Q2 25 | 1.6% | 18.1% | ||
| Q1 25 | 1.1% | 15.9% | ||
| Q4 24 | 1.0% | 14.6% | ||
| Q3 24 | 1.4% | 14.9% | ||
| Q2 24 | 1.9% | 10.3% | ||
| Q1 24 | 1.1% | 17.1% |
| Q4 25 | 0.4% | 13.0% | ||
| Q3 25 | 0.5% | 11.6% | ||
| Q2 25 | 0.8% | 14.4% | ||
| Q1 25 | 0.4% | 12.6% | ||
| Q4 24 | 0.3% | 11.6% | ||
| Q3 24 | 0.7% | 11.8% | ||
| Q2 24 | 1.1% | 8.0% | ||
| Q1 24 | 0.5% | 13.5% |
| Q4 25 | $0.39 | $5.01 | ||
| Q3 25 | $0.60 | $4.45 | ||
| Q2 25 | $0.85 | $5.40 | ||
| Q1 25 | $0.37 | $4.37 | ||
| Q4 24 | $0.27 | $4.01 | ||
| Q3 24 | $0.69 | $3.97 | ||
| Q2 24 | $1.07 | $2.48 | ||
| Q1 24 | $0.45 | $3.94 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $10.0B |
| Total DebtLower is stronger | $5.3B | — |
| Stockholders' EquityBook value | $4.6B | $30.3B |
| Total Assets | $18.2B | $123.0B |
| Debt / EquityLower = less leverage | 1.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $10.0B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $615.0M | ||
| Q3 24 | — | $757.0M | ||
| Q2 24 | — | $733.0M | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | — |
| Q4 25 | $4.6B | $30.3B | ||
| Q3 25 | $4.6B | $35.4B | ||
| Q2 25 | $4.5B | $32.6B | ||
| Q1 25 | $4.3B | $29.0B | ||
| Q4 24 | $4.3B | $25.6B | ||
| Q3 24 | $4.2B | $27.2B | ||
| Q2 24 | $4.1B | $23.3B | ||
| Q1 24 | $4.0B | $21.8B |
| Q4 25 | $18.2B | $123.0B | ||
| Q3 25 | $18.4B | $121.5B | ||
| Q2 25 | $17.9B | $115.5B | ||
| Q1 25 | $17.1B | $111.4B | ||
| Q4 24 | $17.1B | $105.7B | ||
| Q3 24 | $14.4B | $105.2B | ||
| Q2 24 | $13.4B | $97.9B | ||
| Q1 24 | $12.9B | $94.1B |
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 1.25× | — | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 0.81× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $601.2M | $3.2B |
| Free Cash FlowOCF − Capex | $487.8M | $3.0B |
| FCF MarginFCF / Revenue | 3.0% | 13.4% |
| Capex IntensityCapex / Revenue | 0.7% | 0.5% |
| Cash ConversionOCF / Net Profit | 9.74× | 1.07× |
| TTM Free Cash FlowTrailing 4 quarters | $792.7M | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $601.2M | $3.2B | ||
| Q3 25 | $-145.2M | $5.2B | ||
| Q2 25 | $383.0M | $4.0B | ||
| Q1 25 | $448.1M | $5.1B | ||
| Q4 24 | $325.5M | $3.0B | ||
| Q3 24 | $53.5M | $4.6B | ||
| Q2 24 | $206.3M | $3.3B | ||
| Q1 24 | $402.7M | $4.2B |
| Q4 25 | $487.8M | $3.0B | ||
| Q3 25 | $-224.1M | $5.1B | ||
| Q2 25 | $209.7M | $3.9B | ||
| Q1 25 | $319.3M | $5.1B | ||
| Q4 24 | $218.1M | $2.9B | ||
| Q3 24 | $-43.0M | $4.6B | ||
| Q2 24 | $55.1M | $3.2B | ||
| Q1 24 | $305.4M | $4.2B |
| Q4 25 | 3.0% | 13.4% | ||
| Q3 25 | -1.3% | 22.8% | ||
| Q2 25 | 1.2% | 17.9% | ||
| Q1 25 | 2.1% | 24.9% | ||
| Q4 24 | 1.4% | 14.3% | ||
| Q3 24 | -0.3% | 23.1% | ||
| Q2 24 | 0.4% | 17.6% | ||
| Q1 24 | 2.2% | 24.3% |
| Q4 25 | 0.7% | 0.5% | ||
| Q3 25 | 0.5% | 0.3% | ||
| Q2 25 | 1.0% | 0.5% | ||
| Q1 25 | 0.8% | 0.3% | ||
| Q4 24 | 0.7% | 0.5% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 1.0% | 0.4% | ||
| Q1 24 | 0.7% | 0.3% |
| Q4 25 | 9.74× | 1.07× | ||
| Q3 25 | -1.55× | 1.99× | ||
| Q2 25 | 2.91× | 1.27× | ||
| Q1 25 | 7.69× | 2.00× | ||
| Q4 24 | 7.68× | 1.28× | ||
| Q3 24 | 0.50× | 1.97× | ||
| Q2 24 | 1.24× | 2.24× | ||
| Q1 24 | 5.72× | 1.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PFGC
| Foodservice | $8.8B | 54% |
| Convenience | $6.3B | 38% |
| Specialty | $1.3B | 8% |
PGR
| Other | $11.9B | 52% |
| Commercial Lines Segment | $10.9B | 48% |
| Other Indemnity | $2.0M | 0% |
