Progressive operating margin for the quarter ending March 31, 2025 was 15.01%.
Progressive average operating margin for 2024 was 14.13%, a 135.11% increase from 2023.
Progressive average operating margin for 2023 was 6.01%, a 45.52% increase from 2022.
Progressive average operating margin for 2022 was 4.13%, a 71.14% increase from 2021.
Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.