Saturday 17 October 2026
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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%
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Target Price Range
Analyst price targets
Free accountTen 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 |
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| 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.
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% |
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.