PROG Holdings Inc (PRG) - Net Assets
Based on the latest financial reports, PROG Holdings Inc (PRG) has net assets worth $774.36 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.04 Billion) and total liabilities ($1.27 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PROG Holdings Inc strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $774.36 Million |
| % of Total Assets | 37.91% |
| Annual Growth Rate | 7.67% |
| 5-Year Change | 9.86% |
| 10-Year Change | -49.62% |
| Growth Volatility | 16.39 |
PROG Holdings Inc - Net Assets Trend (1985–2025)
This chart illustrates how PROG Holdings Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see PROG Holdings Inc market capitalisation.
Annual Net Assets for PROG Holdings Inc (1985–2025)
The table below shows the annual net assets of PROG Holdings Inc from 1985 to 2025. Also explore PROG Holdings Inc equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $746.42 Million | +14.78% |
| 2024-12-31 | $650.28 Million | +9.97% |
| 2023-12-31 | $591.33 Million | +3.66% |
| 2022-12-31 | $570.46 Million | -16.04% |
| 2021-12-31 | $679.41 Million | -31.10% |
| 2020-12-31 | $986.14 Million | -43.24% |
| 2019-12-31 | $1.74 Billion | -1.33% |
| 2018-12-31 | $1.76 Billion | +1.89% |
| 2017-12-31 | $1.73 Billion | +16.63% |
| 2016-12-31 | $1.48 Billion | +8.41% |
| 2015-12-31 | $1.37 Billion | +11.70% |
| 2014-12-31 | $1.22 Billion | +7.20% |
| 2013-12-31 | $1.14 Billion | +0.46% |
| 2012-12-31 | $1.14 Billion | +16.34% |
| 2011-12-31 | $976.55 Million | -0.29% |
| 2010-12-31 | $979.42 Million | +10.39% |
| 2009-12-31 | $887.26 Million | +16.51% |
| 2008-12-31 | $761.54 Million | +13.09% |
| 2007-12-31 | $673.38 Million | +10.93% |
| 2006-12-31 | $607.01 Million | +39.71% |
| 2005-12-31 | $434.47 Million | +15.80% |
| 2004-12-31 | $375.18 Million | +17.18% |
| 2003-12-31 | $320.19 Million | +14.13% |
| 2002-12-31 | $280.55 Million | +27.54% |
| 2001-12-31 | $219.97 Million | +5.48% |
| 2000-12-31 | $208.54 Million | +13.51% |
| 1999-12-31 | $183.72 Million | +8.79% |
| 1998-12-31 | $168.87 Million | +45.01% |
| 1997-12-31 | $116.45 Million | +8.50% |
| 1996-12-31 | $107.33 Million | +17.82% |
| 1995-12-31 | $91.10 Million | +52.34% |
| 1994-12-31 | $59.80 Million | 0.00% |
| 1993-12-31 | $59.80 Million | +14.56% |
| 1992-12-31 | $52.20 Million | +3.16% |
| 1991-12-31 | $50.60 Million | +10.96% |
| 1990-12-31 | $45.60 Million | +4.59% |
| 1989-12-31 | $43.60 Million | -6.24% |
| 1988-12-31 | $46.50 Million | +12.86% |
| 1987-12-31 | $41.20 Million | +2.74% |
| 1986-12-31 | $40.10 Million | +3.35% |
| 1985-12-31 | $38.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PROG Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4776.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.59 Billion | 213.65% |
| Common Stock | $41.04 Million | 5.50% |
| Total Equity | $746.42 Million | 100.00% |
PROG Holdings Inc Competitors by Market Cap
The table below lists competitors of PROG Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Urban Transport Planning Center Co. Ltd.
SHE:301091
|
$1.43 Billion |
|
Sociedad Matriz SAAM SA
SN:SMSAAM
|
$1.43 Billion |
|
Richelieu Hardware Ltd.
TO:RCH
|
$1.43 Billion |
|
Suzhou Anjie Technology Co Ltd
SHE:002635
|
$1.43 Billion |
|
Prosegur
MC:PSG
|
$1.43 Billion |
|
Sylvamo Corp
NYSE:SLVM
|
$1.43 Billion |
|
MillerKnoll Inc
NASDAQ:MLKN
|
$1.43 Billion |
|
Healthcare Services Group Inc
NASDAQ:HCSG
|
$1.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PROG Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 650,281,000 to 746,417,000, a change of 96,136,000 (14.8%).
- Net income of 146,788,000 contributed positively to equity growth.
- Dividend payments of 20,767,000 reduced retained earnings.
- Share repurchases of 51,775,000 reduced equity.
- Other factors increased equity by 21,890,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $146.79 Million | +19.67% |
| Dividends Paid | $20.77 Million | -2.78% |
| Share Repurchases | $51.77 Million | -6.94% |
| Other Changes | $21.89 Million | +2.93% |
| Total Change | $- | 14.78% |
Book Value vs Market Value Analysis
This analysis compares PROG Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.95x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 44.43x to 1.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.80 | $35.70 | x |
| 1986-12-31 | $0.85 | $35.70 | x |
| 1987-12-31 | $0.93 | $35.70 | x |
| 1988-12-31 | $1.12 | $35.70 | x |
| 1989-12-31 | $1.06 | $35.70 | x |
| 1990-12-31 | $1.22 | $35.70 | x |
| 1991-12-31 | $1.31 | $35.70 | x |
| 1992-12-31 | $0.89 | $35.70 | x |
| 1993-12-31 | $1.03 | $35.70 | x |
| 1994-12-31 | $1.03 | $35.70 | x |
| 1995-12-31 | $1.37 | $35.70 | x |
| 1996-12-31 | $1.59 | $35.70 | x |
| 1997-12-31 | $1.76 | $35.70 | x |
| 1998-12-31 | $2.42 | $35.70 | x |
| 1999-12-31 | $2.68 | $35.70 | x |
| 2000-12-31 | $3.10 | $35.70 | x |
| 2001-12-31 | $3.24 | $35.70 | x |
| 2002-12-31 | $3.92 | $35.70 | x |
| 2003-12-31 | $4.29 | $35.70 | x |
| 2004-12-31 | $4.95 | $35.70 | x |
| 2005-12-31 | $5.70 | $35.70 | x |
| 2006-12-31 | $7.65 | $35.70 | x |
| 2007-12-31 | $8.17 | $35.70 | x |
| 2008-12-31 | $9.39 | $35.70 | x |
| 2009-12-31 | $10.83 | $35.70 | x |
| 2010-12-31 | $11.93 | $35.70 | x |
| 2011-12-31 | $12.31 | $35.70 | x |
| 2012-12-31 | $14.79 | $35.70 | x |
| 2013-12-31 | $14.94 | $35.70 | x |
| 2014-12-31 | $16.82 | $35.70 | x |
| 2015-12-31 | $18.71 | $35.70 | x |
| 2016-12-31 | $20.29 | $35.70 | x |
| 2017-12-31 | $23.96 | $35.70 | x |
| 2018-12-31 | $24.94 | $35.70 | x |
| 2019-12-31 | $25.81 | $35.70 | x |
| 2020-12-31 | $14.66 | $35.70 | x |
| 2021-12-31 | $10.29 | $35.70 | x |
| 2022-12-31 | $10.99 | $35.70 | x |
| 2023-12-31 | $12.70 | $35.70 | x |
| 2024-12-31 | $14.93 | $35.70 | x |
| 2025-12-31 | $18.27 | $35.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PROG Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.09%
- • Asset Turnover: 1.50x
- • Equity Multiplier: 2.16x
- Recent ROE (19.67%) is above the historical average (12.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 14.95% | 5.26% | 1.24x | 2.29x | $1.92 Million |
| 1986 | 11.97% | 4.04% | 1.38x | 2.14x | $790.00K |
| 1987 | 12.38% | 3.85% | 1.35x | 2.38x | $980.00K |
| 1988 | 10.75% | 3.35% | 1.41x | 2.27x | $350.00K |
| 1989 | 7.57% | 2.33% | 1.41x | 2.30x | $-1.06 Million |
| 1990 | 2.19% | 0.71% | 1.43x | 2.17x | $-3.56 Million |
| 1991 | 6.13% | 2.17% | 1.36x | 2.08x | $-1.96 Million |
| 1992 | 11.69% | 3.91% | 1.44x | 2.07x | $880.00K |
| 1993 | 14.72% | 4.78% | 1.27x | 2.42x | $2.82 Million |
| 1994 | 14.72% | 4.78% | 1.27x | 2.42x | $2.82 Million |
| 1996 | 14.34% | 5.61% | 1.38x | 1.85x | $4.66 Million |
| 1997 | 15.80% | 6.04% | 1.27x | 2.06x | $6.75 Million |
| 1998 | 12.72% | 5.79% | 1.36x | 1.61x | $4.60 Million |
| 1999 | 13.94% | 5.85% | 1.37x | 1.73x | $7.23 Million |
| 2000 | 13.07% | 5.42% | 1.32x | 1.82x | $6.41 Million |
| 2001 | 5.61% | 2.26% | 1.38x | 1.81x | $-9.66 Million |
| 2002 | 9.78% | 4.28% | 1.32x | 1.72x | $-614.50K |
| 2003 | 11.38% | 4.75% | 1.38x | 1.73x | $4.41 Million |
| 2004 | 14.02% | 5.56% | 1.35x | 1.87x | $15.10 Million |
| 2005 | 13.35% | 5.15% | 1.31x | 1.98x | $14.55 Million |
| 2006 | 12.95% | 5.93% | 1.35x | 1.61x | $17.93 Million |
| 2007 | 11.92% | 5.37% | 1.34x | 1.65x | $12.94 Million |
| 2008 | 11.84% | 5.66% | 1.29x | 1.62x | $14.03 Million |
| 2009 | 12.69% | 6.42% | 1.33x | 1.49x | $23.88 Million |
| 2010 | 12.09% | 6.31% | 1.24x | 1.54x | $20.43 Million |
| 2011 | 11.65% | 5.67% | 1.16x | 1.78x | $16.11 Million |
| 2012 | 15.23% | 7.79% | 1.22x | 1.60x | $59.43 Million |
| 2013 | 10.57% | 5.40% | 1.22x | 1.60x | $6.53 Million |
| 2014 | 6.39% | 2.87% | 1.11x | 2.02x | $-44.12 Million |
| 2015 | 9.93% | 4.27% | 1.20x | 1.95x | $-952.80K |
| 2016 | 9.40% | 4.34% | 1.23x | 1.77x | $-8.88 Million |
| 2017 | 16.93% | 8.65% | 1.26x | 1.56x | $119.74 Million |
| 2018 | 11.14% | 5.12% | 1.35x | 1.61x | $20.14 Million |
| 2019 | 1.81% | 1.45% | 0.66x | 1.90x | $-142.25 Million |
| 2020 | -6.23% | -2.47% | 1.89x | 1.34x | $-160.08 Million |
| 2021 | 35.85% | 9.10% | 1.65x | 2.39x | $175.62 Million |
| 2022 | 17.30% | 3.80% | 1.74x | 2.62x | $41.66 Million |
| 2023 | 23.48% | 5.77% | 1.61x | 2.52x | $79.70 Million |
| 2024 | 30.33% | 8.01% | 1.63x | 2.33x | $132.22 Million |
| 2025 | 19.67% | 6.09% | 1.50x | 2.16x | $72.15 Million |
Industry Comparison
This section compares PROG Holdings Inc's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $1,155,046,956
- Average return on equity (ROE) among peers: 4.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PROG Holdings Inc (PRG) | $774.36 Million | 14.95% | 1.64x | $1.43 Billion |
| AerCap Holdings NV (AER) | $2.12 Billion | 7.71% | 3.07x | $22.35 Billion |
| Senmiao Technology Ltd (AIHS) | $12.57 Million | -4.27% | 0.58x | $6.15 Million |
| Air Lease Corporation (AL) | $1.22 Billion | 0.00% | 0.86x | $7.24 Billion |
| Alta Equipment Group Inc (ALTG) | $-8.80 Million | 0.00% | 0.00x | $189.36 Million |
| TOUAX (ALTOU) | $184.69 Million | -7.00% | 2.92x | $26.51 Million |
| Avis Budget Group Inc (CAR) | $4.83 Billion | 12.46% | 2.00x | $4.13 Billion |
| Custom Truck One Source Inc (CTOS) | $917.20 Million | 5.53% | 2.67x | $2.06 Billion |
| FlexShopper Inc (FPAY) | $16.14 Million | 20.27% | 4.25x | $2.46K |
| FTAI Aviation Ltd. (FTAI) | $1.10 Billion | -8.05% | 2.08x | $19.47 Billion |
| GATX Corporation (GATX) | $1.15 Billion | 17.72% | 3.11x | $6.31 Billion |
About PROG Holdings Inc
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… Read more