PROG Holdings, Inc. (PRG) AI Stock Analysis

PROG Holdings, Inc. is an omnichannel provider of lease-purchase and credit solutions tailored for underserved and credit-challenged consumers. The company operates primarily through two segments: Progressive Leasing and Vive. Progressive Leasing provides point-of-sale lease-purchase options for items such as furniture, appliances, electronics, jewelry, and mobile devices across in-store and online merchant partners. Vive offers second-look and revolving credit options through private-label and branded credit cards. The business connects with consumers through approximately 24,000 third-party point-of-sale partner locations and e-commerce websites across 49 states and the District of Columbia.

PROG Holdings recorded revenue of $2.41B in FY2025, representing a 2.2% decline from $2.46B in FY2024. Over the five years from FY2020 to FY2025, revenue contracted at an annualized rate of 0.6%. Net income reached $146.8M in FY2025, down from $197.2M in FY2024, yielding a net margin of 6.1% and diluted earnings per share of $3.56. Operating margin stood at 9.9% in FY2025. In the trailing twelve months, revenue was $2.61B and operating margin reached 16.6%. During the latest quarter ended June 30, 2026, revenue increased 22.3% year-over-year, while quarterly earnings contracted by 4.2%.

As of June 30, 2026, PROG Holdings held $85.2M in cash and short-term investments against total debt of $887.1M, resulting in net debt of $801.9M. Total assets stood at $2.05B and shareholders' equity was $805.3M. The company's current ratio was 3.30 and debt-to-equity stood at 1.10. Operating cash flow in FY2025 reached $335.0M, supporting free cash flow of $324.9M. In FY2025, cash deployment included $10.0M for capital expenditures, $51.8M for share buybacks, and $20.8M for dividends.

PROG Holdings closed at $30.99 on October 16, 2026, resulting in a market capitalization of $1.23B and an enterprise value of $2.09B. The stock trades at a trailing price-to-earnings multiple of 9.9x and a forward P/E of 5.7x, compared to medians of 24.8x and 17.2x for its US-listed Industrials peers. Its enterprise value-to-EBITDA ratio is 1.2x, below the peer median of 13.9x. Over the past year, PRG gained 1.1%, trailing the S&P 500 return of 16.8%. Over five years, the stock dropped 27.2% against an 83.0% gain for the index.

PROG Holdings pays a quarterly dividend of $0.56 per share on an annualized forward basis, offering a dividend yield of 1.81%. The dividend payout ratio is 13.5%. The company has paid consecutive dividends for 3 years, and its annualized 5-year dividend growth rate is 30.0%. Its most recent ex-dividend date occurred on August 18, 2026.

Wall Street analysts hold 6 Strong Buy ratings and 1 Buy rating on PROG Holdings, with no Hold or Sell recommendations. The mean price target is $52.00, which sits 67.8% above the last close of $30.99. Consensus estimates project FY2026 earnings per share of $4.91 on revenue of $3.06B, followed by FY2027 EPS of $5.55 on revenue of $3.29B. The company has beaten EPS expectations in each of the last 4 quarters, with its next earnings release scheduled for October 28, 2026.

This page is an AI-written research summary of PROG Holdings, Inc. (PRG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: PRG income statement, PRG balance sheet, PRG key metrics, PRG analyst forecast, PRG chart. See the PRG stock overview for the latest quote and news.