Saturday 17 October 2026 Export HGTY’s income statement to Excel — free account

Hagerty, Inc.

HGTY Financial Insurance Property & Casualty

Hagerty, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 17.3% from fiscal 2024. In the quarter to June 2026, revenue fell 6.46%, EPS fell 122.2%, free cash flow grew 238.7% and total debt fell 14.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

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Market cap: $5.3B
P/E: 95.6×
Fwd P/E: −322×
Dividend yield: —
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.30

Total sells 128.01

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	2	—	1	—	—	—	—	—
Sell	—	1	4	—	—	1	—	1	1	—	1	—

Insider Ownership 2.82%

Capital & Financial Ratios $m

Market Cap 5,260.00

Revenue 1,415.40

Net Income 70.03

Free Cash Flow 278.49

Net Debt (930.98)

Current Ratio 1.53

Debt/Equity 0.40

P/E ratio 95.63

Fwd P/E (322.00)

P/S ratio 1.10

P/B ratio 2.40

Past 5Y EPS Growth (67.39%)

This Y EPS Growth (93.07%)

Next Y EPS Growth 1,960.97%

Next Y revenue growth (7.92%)

Next 5Y EPS Growth 18.45%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 87.94%

10-year low 10-year high

P/S against its own 10 years 85.29%

10-year low 10-year high

P/B against its own 10 years 88.50%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	735	822	1,030	1,224
Receivables	288	259	306	148
Inventory	—	—	—	—
Other	49	91	—	—
	1,250	1,295	1,629	1,625

	2023	2024	2025	Q'26
Payables	87	59	112	90
ST’ Debt	100	108	123	77
Other	484	526	581	649
	842	869	998	1,064

Compound Annual Growth %

	10y	5y	3y
Sales	—	23.86%	22.74%
Cash Flow	—	20.96%	58.18%
Earnings	—	32.47%	8.93%
Book Value	—	44.81%	26.69%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	312	355	—	—	—
’25	328	379	380	369	1,456
’24	272	313	323	333	1,242
’23	218	261	276	272	1,027
’22	168	206	217	197	788
’21	129	167	168	154	619

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	16	170	—	—	—
’25	44	54	92	29	219
’24	58	64	67	(13)	177
’23	12	59	62	1	134
’22	9	51	34	(38)	55
’21	21	47	17	(43)	42

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	9	162	—	—	—
’25	38	48	85	23	194
’24	54	57	62	(17)	156
’23	4	51	56	(3)	107
’22	(2)	40	22	(49)	11
’21	10	39	5	(55)	(1)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.06)	(0.02)	—	—	—
’25	0.07	0.09	0.11	0.06	0.37
’24	(0.04)	0.09	0.03	0.01	0.10
’23	(0.03)	0.03	0.04	0.03	0.09
’22	(0.01)	(0.07)	0.07	(0.06)	(0.07)
’21	(68.51)	125.03	(5.47)	(0.56)	(0.56)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	9.61	7.23	7.52	7.68	8.03	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	19.97	18.71	10.42	12.35	14.00
People
People	Employees	—	—	—	—	—	1,668	1,874	1,732	1,744	1,891
	Revenue/emp, $m	—	—	—	—	0.00	0.37	0.42	0.59	0.71	0.77
Income, $m
Income, $m	Revenue	—	—	—	—	500	619	788	1,027	1,242	1,456
	Gross margin, %	—	—	—	—	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	—	—	—	—	15	(55)	11	45	94	139
	EBT margin, %	—	—	—	—	2.97	(8.82)	1.41	4.36	7.55	9.56
	Net income	—	0	—	—	10	(61)	2	28	78	149
	Depreciation	—	—	—	—	12	22	34	46	36	33
Per share, $
Per share, $	Revenue	—	—	—	—	4,995.48	7.52	9.52	12.20	14.18	15.43
	Earnings	—	—	—	—	100.39	(0.56)	0.39	0.19	0.10	0.41
	Cash flow	—	—	—	—	845.72	0.51	0.67	1.59	2.02	2.32
	Capex	—	—	—	—	(382.58)	(0.53)	(0.54)	(0.31)	(0.24)	(0.26)
	Free cash flow	—	—	—	—	463.14	(0.01)	0.13	1.27	1.78	2.06
	Book value	—	—	—	—	1,173.21	(3.92)	4.44	5.86	6.95	7.91
	Shares, m	—	—	—	—	0	82	83	84	88	94
Valuation, ×
Valuation, ×	P/E	—	—	—	—	0.28	0.28	22.37	43.72	107.22	33.60
	P/S	—	—	—	—	0.00	1.89	0.89	0.65	0.68	0.87
	P/B	—	—	—	—	43.53	0.00	1.91	1.61	1.61	1.92
	EV/Sales	—	—	—	—	0.00	1.25	0.45	0.15	0.19	0.37
	EV/FCF	—	—	—	—	0.00	(707.83)	32.64	1.47	1.52	2.78
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	85	42	55	134	177	219
	Capex	—	—	—	—	(38)	(43)	(44)	(26)	(21)	(25)
	Free cash flow	—	—	—	—	46	(1)	11	107	156	194
Balance, $m
Balance, $m	Working capital	—	—	—	—	129	399	269	408	426	631
	Total debt	—	—	—	—	132	207	194	231	214	301
	Net debt	—	—	—	—	(167)	(397)	(346)	(504)	(608)	(729)
	Shareholders’ equity	—	—	—	—	117	(322)	367	493	608	747
Returns, %
Returns, %	ROA	—	—	—	—	3.33	(5.61)	2.72	1.14	0.58	2.18
	ROIC	—	—	—	—	0.00	0.00	(194.49)	0.00	0.00	624.99
	ROE	—	—	—	—	(6.30)	45.19	142.91	4.26	2.05	7.00

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KNSL Kinsale Capital Group, Inc.	$8.1B	14.7×	15.2×	+16.75% (above 0%: growing)	+33.51% (above 0%: growing)	−5.14% (below 0%: shrinking)	40.91%	40.68%	Compare
THG The Hanover Insurance Group, Inc.	$8.0B	11.0×	10.4×	+4.34% (above 0%: growing)	+27.21% (above 0%: growing)	+2.20% (above 0%: growing)	44.24%	14.75%	Compare
MCY Mercury General Corporation	$5.6B	6.1×	8.7×	+13.80% (above 0%: growing)	+58.14% (above 0%: growing)	−45.52% (below 0%: shrinking)	27.24%	19.93%	Compare
RLI RLI Corp.	$5.5B	12.8×	19.5×	+15.15% (above 0%: growing)	+35.82% (above 0%: growing)	−17.87% (below 0%: shrinking)	43.61%	36.86%	Compare
HGTY Hagerty, Inc.	$5.3B	95.6×	— (loss-making)	−6.46% (below 0%: shrinking)	n/m	+238.74% (above 0%: growing)	100.00%	18.38%
SIGI Selective Insurance Group, Inc.	$5.2B	11.1×	11.4×	+4.54% (above 0%: growing)	+55.15% (above 0%: growing)	+34.56% (above 0%: growing)	41.15%	12.69%	Compare
WTM White Mountains Insurance Group, Ltd.	$5.1B	4.9×	5.1×	+22.55% (above 0%: growing)	+68.75% (above 0%: growing)	−131.27% (below 0%: shrinking)	54.44%	32.51%	Compare
PLMR Palomar Holdings, Inc.	$3.6B	18.2×	13.7×	+54.65% (above 0%: growing)	+14.94% (above 0%: growing)	+38.21% (above 0%: growing)	23.77%	23.77%	Compare
LMND Lemonade, Inc.	$3.6B	— (loss-making)	— (loss-making)	+79.40% (above 0%: growing)	n/m	−335.29% (below 0%: shrinking)	47.69%	(14.20%)	Compare
Median of peers	$5.3B	11.1×	11.4×	+15.95%	+35.82%	−11.50%	42.38%	21.85%

All 45 Insurance Property & Casualty stocks →

Hagerty, Inc. (HGTY) key facts

Strength: Hagerty, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 17.3% from fiscal 2024.
Hagerty, Inc. (HGTY) is an Insurance Property & Casualty company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, HGTY traded at $15.30, a market capitalization of $5.3 billion.
Return on equity was 7.00% and debt-to-equity 0.40.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.