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

Insider Decisions trades per month

Total buys 3.35
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 3 3 — — — —
Sell — — — — — — — — — — — —
Insider Ownership 14.86%

Capital & Financial Ratios $m

Market Cap 1,350.00
Revenue 294.73
Net Income 55.64
Free Cash Flow (8.19)
Net Debt (89.72)
Current Ratio 76.79
Debt/Equity 0.01
P/E ratio 43.00 (above 35: high)
Fwd P/E 36.60 (above 35: high)
P/S ratio 1.13
P/B ratio 1.26
Past 5Y EPS Growth —
This Y EPS Growth 32.32% (at or above 15%: strong)
Next Y EPS Growth 1.74%
Next Y revenue growth 26.75% (at or above 10%: strong)
Next 5Y EPS Growth 14.75%

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

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 46 205 168 93
Receivables 25 35 45 61
Inventory — — — —
Other — — — —
72 240 213 154
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt 2 2 2 2
Other — — — —
2 2 2 2

Compound Annual Growth %

10y 5y 3y
Sales — — 17.33%
Cash Flow — — 27.59%
Earnings — — (27.17%)
Book Value — — 72.91%

Revenue $m

Mar Jun Sep Dec Year
’26 73 88 — — —
’25 54 60 64 70 249
’24 46 53 53 52 204
’23 — 45 48 — 172
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 23 10 — — —
’25 16 10 15 13 54
’24 10 7 12 12 40
’23 — 17 7 6 30
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) (15) — — —
’25 4 (26) 8 5 (9)
’24 (11) 7 11 8 15
’23 — 11 7 6 15
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.12 0.18 — — —
’25 0.09 0.13 0.11 0.18 0.51
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — — — — 21.31 23.52

Analyst estimates 2026–2028

Powerpack
High — — — — — — — — 36.50 36.85
People
People Employees — — — — — — — 264 293 400
Revenue/emp, $m — — — — — — 0.00 0.65 0.70 0.62
Income, $m
Income, $m Revenue — — — — — — 154 172 204 249
Gross margin, % — — — — — — 31.82 32.08 42.05 46.27
EBT — — — — — — 23 25 30 44
EBT margin, % — — — — — — 15.17 14.68 14.77 17.88
Net income — — — — — — 21 26 29 41
Depreciation — — — — — — 3 5 12 18
Per share, $
Per share, $ Revenue — — — — — — 243.47 272.22 13.79 16.66
Earnings — — — — — — — — 0.19 0.51
Cash flow — — — — — — 40.75 47.71 2.74 3.59
Capex — — — — — — (15.57) (24.76) (1.70) (4.17)
Free cash flow — — — — — — 25.19 22.95 1.04 (0.58)
Book value — — — — — — 91.43 49.13 18.64 20.03
Shares, m — — — — — — 1 1 15 15
Valuation, ×
Valuation, × P/E — — — — — — 1.22 1.22 2.75 56.41
P/S — — — — — — 1.71 1.71 2.23 1.73
P/B — — — — — — 4.86 4.86 1.65 1.44
EV/Sales — — — — — — 1.77 1.77 1.25 1.07
EV/FCF — — — — — — 100.46 100.46 16.57 (30.42)
Cash, $m
Cash, $m Operating cash flow — — — — — — 26 30 40 54
Capex — — — — — — (10) (16) (25) (62)
Free cash flow — — — — — — 16 15 15 (9)
Balance, $m
Balance, $m Working capital — — — — — — 48 69 238 211
Total debt — — — — — — 11 49 6 4
Net debt — — — — — — (19) 3 (199) (164)
Shareholders’ equity — — — — — — 58 31 275 299
Returns, %
Returns, % ROA — — — — — — 0.00 22.73 1.25 2.29
ROIC — — — — — — 38.48 46.76 23.00 17.14
ROE — — — — — — 0.00 58.75 1.79 2.77
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

TWFG, Inc. vs peers in Insurance Brokers (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ERIE Erie Indemnity Company $11.1B 19.7× 18.0× +2.80% (above 0%: growing) +3.20% (above 0%: growing) +10.22% (above 0%: growing) 18.73% 18.73% Compare
BWIN Baldwin Insurance Group, Inc. $4.5B — (loss-making) — (loss-making) +30.13% (above 0%: growing) n/m +208.10% (above 0%: growing) 31.81% (1.69%) Compare
ARX Accelerant Holdings $4.3B — (loss-making) 143× +62.89% (above 0%: growing) +620.00% (above 0%: growing) −139.56% (below 0%: shrinking) 100.00% 30.96% Compare
CRVL CorVel Corp. $4.1B 35.4× — +10.74% (above 0%: growing) +18.87% (above 0%: growing) +8.94% (above 0%: growing) 26.08% 16.67% Compare
NP Neptune Insurance Holdings Inc. $4.0B 117× 68.6× +32.82% (above 0%: growing) −11.65% (below 0%: shrinking) +234.05% (above 0%: growing) 100.00% 47.52% Compare
GSHD Goosehead Insurance $1.6B 32.4× 28.6× +20.59% (above 0%: growing) +110.00% (above 0%: growing) −63.75% (below 0%: shrinking) 100.00% 23.45% Compare
TWFG TWFG, Inc. $1.4B 43.0× 36.6× +45.11% (above 0%: growing) +38.46% (above 0%: growing) +42.74% (above 0%: growing) 51.44% 20.10%
CRD.A Crawford & Company $581.9M 26.1× — −1.37% (below 0%: shrinking) +75.00% (above 0%: growing) −51.68% (below 0%: shrinking) 28.78% 7.68% Compare
CRD.B Crawford & Company $581.0M 24.4× 11.9× −1.37% (below 0%: shrinking) +75.00% (above 0%: growing) −51.68% (below 0%: shrinking) 28.78% 7.68% Compare
Median of peers $4.1B 29.3× 28.6× +15.67% +75.00% −21.37% 30.30% 17.70%

All 22 Insurance Brokers stocks →

TWFG, Inc. (TWFG) key facts

  • Strength: TWFG, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $248.5 million, up 22.0% from fiscal 2024.
  • TWFG, Inc. (TWFG) is an Insurance Brokers company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, TWFG traded at $25.37, a market capitalization of $1.4 billion.
  • Return on equity was 2.77% and debt-to-equity 0.01.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

TWFG, Inc. (TWFG) Latest News

12 Aug

Impact 4 · transcript

7 Aug

Impact 3 ·

9 May

Impact 4 ·

8 May

Impact 4 · transcript

27 Feb

Impact 4 ·
stockrow.com/TWFG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com