Saturday 17 October 2026
Export ERIE’s income statement to Excel — free account
Erie Indemnity Company
ERIE Financial Insurance Brokers
Erie Indemnity Company’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 7.17% from fiscal 2024. In the quarter to June 2026, revenue grew 2.80%, EPS grew 3.20% and free cash flow grew 10.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for three; insiders bought in the last twelve months.
243.71
5.02
+2.10%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
23.87 | 32.01 | 35.01 | 38.14 | 30.10 | 38.98 | 24.41 | 21.54 | 28.14 | 24.76 |
Piotroski F-Score |
6 | 9 | 8 | 7 | 5 | 5 | 4 | 4 | 5 | 5 |
P/S ratio |
3.26 | 5.02 | 4.73 | 3.98 | 3.38 | 4.47 | 3.10 | 2.58 | 3.26 | 3.24 |
P/FCF ratio |
23.19 | 39.15 | 53.63 | 37.74 | 35.04 | 39.52 | 29.13 | 28.87 | 32.77 | 23.47 |
P/Operating CF |
77.18 | 98.43 | 104.25 | 88.18 | 64.14 | 104.93 | 60.54 | 68.98 | 71.78 | 52.34 |
P/B ratio |
5.80 | 9.58 | 9.31 | 7.80 | 6.63 | 9.55 | 6.77 | 6.32 | 6.43 | 6.33 |
Price to Tangible BV |
5.80 | 9.58 | 9.31 | 7.80 | 6.63 | 9.55 | 6.77 | 6.32 | 6.43 | 6.33 |
EV/Sales |
3.20 | 4.97 | 4.73 | 3.97 | 3.34 | 4.45 | 3.00 | 2.51 | 3.17 | 3.14 |
EV/EBITDA |
18.16 | 27.90 | 29.72 | 29.98 | 27.69 | 33.35 | 20.79 | 17.40 | 18.50 | 17.05 |
EV/Operating CF |
18.97 | 30.88 | 40.56 | 30.81 | 21.87 | 32.92 | 20.38 | 22.73 | 27.25 | 19.68 |
EV/FCF |
22.81 | 38.80 | 53.58 | 37.70 | 34.68 | 39.29 | 28.22 | 28.09 | 31.93 | 22.73 |
Quick Ratio |
1.73 | 1.68 | 1.45 | 1.43 | 1.61 | 1.58 | 2.02 | 2.04 | 2.07 | 2.00 |
Current Ratio |
1.73 | 1.68 | 1.45 | 1.43 | 1.61 | 1.58 | 2.02 | 2.04 | 2.07 | 2.00 |
Net Debt/EBITDA |
(0.44) | (0.40) | (0.25) | (0.33) | (0.24) | (0.18) | (0.62) | (0.47) | (0.45) | (0.52) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 4.19% | 4.53% | 4.85% | 5.61% | 4.49% | 1.60% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.08 | 0.09 | 0.10 | 0.09 | 0.03 |
Asset Turnover |
1.30 | 1.42 | 1.39 | 1.27 | 1.21 | 1.23 | 1.31 | 1.38 | 1.05 | 1.08 |
Operating CF/Net income |
1.23 | 1.02 | 0.85 | 1.23 | 1.35 | 1.17 | 1.15 | 0.91 | 1.00 | 1.21 |
Capex/Depreciation |
(1.51) | (1.95) | (1.73) | (1.29) | (3.03) | (1.62) | (3.29) | (3.76) | (1.32) | (1.12) |
Interest Coverage |
— | — | — | 187.26 | 76.98 | 462.60 | 417.45 | 139.98 | 234.45 | 2,906.11 |
| 26.19% | 32.89% | 28.67% | 21.40% | 23.54% | 25.27% | 30.07% | 31.48% | 23.53% | 26.52% | |
| 17.92% | 22.40% | 18.94% | 13.32% | 13.67% | 14.19% | 16.70% | 16.74% | 12.26% | 14.23% | |
ROIC |
23.13% | 25.03% | 21.41% | 18.00% | 15.87% | 18.83% | 24.97% | 26.67% | 25.32% | 28.11% |
Return on Tangible Assets |
54.47% | 65.21% | 65.34% | 48.55% | 47.55% | 57.95% | 50.50% | 57.58% | 44.83% | 57.12% |
Average Days of Receivables |
66.01 | 68.00 | 69.82 | 67.46 | 66.39 | 71.18 | 69.12 | 70.18 | 102.10 | 93.45 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
(0.08%) | 0.07% | 0.19% | (0.05%) | (0.19%) | 0.30% | (0.06%) | (0.16%) | (0.16%) | (0.29%) |
Graham Net Nets |
0.00 | 0.01 | 0.00 | (0.01) | (0.03) | (0.02) | (0.01) | (0.01) | (0.02) | (0.03) |
Graham Number |
115.58 | 111.66 | 88.04 | 67.25 | 64.69 | 60.38 | 61.27 | 54.18 | 42.08 | 42.41 |
Earnings Yield |
4.19% | 3.12% | 2.86% | 2.62% | 3.32% | 2.57% | 4.10% | 4.64% | 3.55% | 4.04% |
Free Cash Flow Yield |
4.31% | 2.55% | 1.86% | 2.65% | 2.85% | 2.53% | 3.43% | 3.46% | 3.05% | 4.26% |
Revenue per Share |
88.05 | 82.16 | 70.77 | 61.49 | 57.02 | 54.91 | 53.63 | 51.57 | 36.63 | 34.57 |
Operating CF per Share |
14.87 | 13.23 | 8.25 | 7.93 | 8.72 | 7.42 | 7.89 | 5.71 | 4.27 | 5.51 |
Capex per Share |
(2.50) | (2.70) | (2.01) | (1.45) | (3.22) | (1.20) | (2.19) | (1.09) | (0.63) | (0.55) |
Free Cash Flow per Share |
12.36 | 10.53 | 6.25 | 6.48 | 5.50 | 6.22 | 5.70 | 4.62 | 3.64 | 4.96 |
Cash per Share |
7.49 | 6.46 | 3.12 | 3.08 | 3.98 | 3.49 | 7.29 | 5.77 | 4.67 | 4.09 |
Shareholders Equity per Share |
49.43 | 43.02 | 36.00 | 31.36 | 29.06 | 25.72 | 24.53 | 21.08 | 18.56 | 17.69 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
49.43 | 43.02 | 36.00 | 31.36 | 29.06 | 25.72 | 24.53 | 21.08 | 18.56 | 17.69 |
Free Cash Flow |
570.97 | 486.40 | 288.56 | 299.21 | 253.99 | 287.08 | 263.27 | 213.30 | 168.20 | 229.13 |
Working Capital |
455.44 | 407.12 | 240.06 | 201.08 | 251.66 | 240.80 | 405.94 | 369.72 | 356.29 | 299.16 |
Capital Expenditures |
(115.69) | (124.84) | (92.65) | (66.94) | (148.80) | (55.51) | (101.26) | (50.28) | (28.93) | (25.21) |
Net Current Asset Value |
9.36 | 104.10 | (39.74) | (124.02) | (236.75) | (273.20) | (77.15) | (80.20) | (119.57) | (134.17) |
EV/EBIT |
18.16 | 27.90 | 29.72 | 29.98 | 27.69 | 33.35 | 20.79 | 17.40 | 18.50 | 17.05 |
Capex to Sales |
0.03 | 0.03 | 0.03 | 0.02 | 0.06 | 0.02 | 0.04 | 0.02 | 0.02 | 0.02 |
Price to Operating Income |
18.46 | 28.15 | 29.74 | 30.01 | 27.98 | 33.55 | 21.46 | 17.88 | 18.99 | 17.61 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.13 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.10 | 0.26 | 0.33 |
Cash ROIC |
21.72% | 21.28% | 15.97% | 18.81% | 15.68% | 19.87% | 16.79% | 15.92% | 14.65% | 22.23% |
Accounts Receivable Turnover |
5.64 | 5.70 | 5.68 | 5.66 | 5.41 | 5.26 | 5.34 | 5.12 | 3.84 | 4.02 |
Accounts Payable Turnover |
5.47 | 5.53 | 5.52 | 5.63 | 5.63 | 5.42 | 5.65 | 5.95 | 4.44 | 4.47 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
68.21 | 70.03 | 70.29 | 69.02 | 64.47 | 68.58 | 68.51 | 63.20 | 86.63 | 83.67 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
721.32 | 666.20 | 575.14 | 502.03 | 486.88 | 481.87 | 463.57 | 465.63 | 441.01 | 396.90 |
Average Payables |
612.18 | 563.83 | 497.64 | 437.50 | 411.05 | 405.48 | 375.39 | 342.76 | 315.68 | 291.39 |
Average Assets |
3,122.05 | 2,680.29 | 2,355.71 | 2,240.76 | 2,179.59 | 2,066.68 | 1,897.28 | 1,722.09 | 1,607.41 | 1,478.13 |
Average Common Equity |
2,135.32 | 1,825.05 | 1,555.62 | 1,395.44 | 1,265.26 | 1,160.65 | 1,053.46 | 915.51 | 837.13 | 793.21 |
Columns are period end dates