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

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