TWFG, Inc.

TWFG Financial Insurance Brokers

TWFG, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $248.5 million, up 22.0% from fiscal 2024. In the quarter to June 2026, revenue grew 45.1%, EPS grew 38.5%, free cash flow grew 42.7% and total debt fell 39.1%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

25.37 0.35 +1.40%
Market cap
$1.4B
P/E
43.0×
Fwd P/E
36.6×
Dividend yield
—
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Dec '22 Dec '23 Dec '24 Dec '25
Piotroski F-Score
— — 6 6
P/E ratio
1.22 1.22 2.75 56.41
P/S ratio
1.71 1.71 2.23 1.73
P/FCF ratio
97.06 97.06 29.50 0.00
P/Operating CF
44.31 44.31 39.22 32.29
P/B ratio
4.86 4.86 1.65 1.44
Price to Tangible BV
0.00 0.00 2.25 2.68
EV/Sales
1.77 1.77 1.25 1.07
EV/EBITDA
3.43 3.43 6.40 4.79
EV/Operating CF
11.09 11.09 6.31 4.96
EV/FCF
100.46 100.46 16.57 (30.42)
Quick Ratio
17.84 29.35 125.64 107.86
Current Ratio
17.84 29.35 125.64 107.86
Net Debt/EBITDA
(0.71) 0.10 (4.99) (2.96)
Debt/Assets
9.64% 42.76% 1.83% 1.08%
Debt/Equity
0.19 1.59 0.02 0.01
Asset Turnover
0.00 1.50 0.93 0.71
Operating CF/Net income
1.25 1.16 14.75 6.72
Capex/Depreciation
(2.98) (3.22) (2.08) (3.39)
Interest Coverage
59.59 25.32 12.56 128.87
ROE
0.00% 58.75% 1.79% 2.77%
ROA
0.00% 22.73% 1.25% 2.29%
ROIC
38.48% 46.76% 23.00% 17.14%
Return on Tangible Assets
42.37% 37.44% 1.14% 3.72%
Average Days of Receivables
48.96 53.17 62.53 65.79
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
14.26% 14.50% 22.44% 24.01%
Intangible Assets out of Total Assets
0.19 0.32 0.23 0.37
Share Based Compensation of Revenue
0.00% 0.00% 1.09% 1.84%
Graham Net Nets
(0.06) (0.06) 0.42 0.32
Graham Number
0.00 0.00 68.52 15.16
Earnings Yield
82.11% 82.11% 36.35% 1.77%
Free Cash Flow Yield
1.03% 1.03% 3.39% (2.03%)
Revenue per Share
243.47 272.22 13.79 16.66
Operating CF per Share
40.75 47.71 2.74 3.59
Capex per Share
(15.57) (24.76) (1.70) (4.17)
Free Cash Flow per Share
25.19 22.95 1.04 (0.58)
Cash per Share
47.88 73.53 13.90 11.26
Shareholders Equity per Share
91.43 49.13 18.64 20.03
Interest Debt per Share
0.00 0.00 0.00 0.00
Book value per Share
91.43 49.13 18.64 20.03
Free Cash Flow
15.92 14.51 15.42 (8.72)
Working Capital
48.05 69.10 238.32 210.72
Capital Expenditures
(9.84) (15.65) (25.05) (62.22)
Net Current Asset Value
(5.46) (12.85) 192.09 139.11
EV/EBIT
3.70 3.70 9.15 7.17
Capex to Sales
0.06 0.09 0.12 0.25
Price to Operating Income
3.57 3.57 16.29 11.60
Other line items
Depreciation/Fixed assets
5.46 8.14 3.44 5.55
Cash ROIC
16.07% 11.43% 3.17% (1.85%)
Accounts Receivable Turnover
0.00 7.53 6.80 6.24
Accounts Payable Turnover
0.00 131.51 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00
Average Days of Payables
0.73 0.00 0.00 0.00
Days of Inventory on Hand
0.00 0.00 0.00 0.00
Average Receivables
— 22.85 29.99 39.85
Average Payables
— 0.89 — —
Average Assets
— 114.80 219.43 347.88
Average Common Equity
— 44.42 153.17 287.02

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