PRGPROG Holdings, Inc.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (2.1×).
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Negative operating leverage, costs are rising faster than sales, squeezing margins as it grows.
A balanced mix of margins, efficiency, and leverage. ROE 20% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is PRG?
PROG Holdings, Inc. earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 1.8 points above what the capital costs: growth creates value
- Operating margin
- 8.5%
Operating margin · Rental & Leasing Services median 8.0% · 12 months to Q2 2026
- Cash conversion
- 2.09×
Cash conversion · 1.34× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +0.43%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 11% |
| FY2021 | 12% |
| FY2022 | 7.1% |
| FY2023 | 9.3% |
| FY2024 | 8.1% |
| FY2025 | 8.6% |
Details›
- Operating margin12 months to Q2 2026
- 8.5%
- Net margin12 months to Q2 2026
- 5.7%
- Free cash flow margin
- 12%
- Revenue, trailing twelve months
- $2.58B
- Free cash flow, trailing twelve months
- $319M
- Net income, trailing twelve months
- $147M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.