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AAPL & PGR
By matt | August 18, 2008
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More than two years ago, I wrote a post comparing these two companies.
The situation today, August 2008:
| Price | Market Cap | Net Income (last quarter) |
Total Revenue (last quarter) |
|
| Apple (AAPL) |
175.85 | 155,770 | 1,072 | 7,464 |
|
Progressive Insurance |
18.37 | 12,524 | 215 | 3,536 |
(All information in this table taken from closing numbers on 15-Aug-08. All dollar values in the table in millions.)
…and in May 2006:
| Price |
Market Cap |
Net Income (prior year) |
Total Revenues (prior year) |
|
| Apple (AAPL) |
71.90 | 52,097 | 1,335 | 13,931 |
|
Progressive Insurance |
107.69 | 20,376 | 1,394 | 14,303 |
Topics: economics & business |
August 18th, 2008 at 3:02 pm
PGR did split 4:1 in May 2006 though… so the 18.37 is really more like 73.28.
PGR also gave out what was basically a 10% per share ‘dividend’ in August 2007 ($8 per share at the pre-split price or $2 when it was at $20)… which was I suppose a one time boon for shareholders. (Over a billion dollars in dividends paid I do believe)
Seeing total revenues go from 14,303 to 3,536 in two years, regardless of the stock price, makes me more sad that I care to admit.
Revenue down to a quarter of prior, and net income down to a sixth… Ouch. And ouch again.
August 18th, 2008 at 3:20 pm
Painful.
I guess this financial snapshot provides some context for why you’re suffering through a re-org at the moment.
Not that it makes it any easier.
Good luck, and get some rest!
August 18th, 2008 at 3:36 pm
The revenue figures and net income figures are striking :(.
August 18th, 2008 at 3:46 pm
Just make sure you note that the Net Income and Total Revenues columns do NOT line up in the two tables.
What I think this shows is the market’s opinion of where each firm is going to go in future years. PGR seems to be a “stable” company based upon the ratios and such. AAPL is viewed to be in “growth” mode.
August 19th, 2008 at 9:43 am
Doh. I missed that, I was comparing quaters to years without realizing it.
That makes it a heck of of a lot better. Not that it is that good though…