Goosehead Insurance (GSHD) vs Neptune Insurance Holdings Inc. (NP)

Goosehead Insurance and Neptune Insurance Holdings Inc. are both Insurance Brokers companies. Neptune Insurance Holdings Inc. is the larger, with a market value of $4.0B against $1.6B — 2.5× the size. Goosehead Insurance trades at the lower P/E: 32.4× against 117×. Neptune Insurance Holdings Inc. has the higher net margin (20.6% vs 8.78%) and the lower return on invested capital (0.00% vs 59.6%). Across the 15 metrics below, Goosehead Insurance leads on 8 and Neptune Insurance Holdings Inc. on 7.

Valuation

Metric GSHD NP Insurance Brokers median
P/E 32.45 117.44 25.24
P/S 2.74 22.25 2.73
P/B n/m n/m 2.91
Price to free cash flow 17.99 59.63 20.97
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.08% 0.85% 2.41%
Free cash flow yield 5.56% 1.68% 2.15%

Profitability

Metric GSHD NP Insurance Brokers median
Gross margin 100.00% 100.00% 42.95%
Operating margin 23.31% 40.72% 15.37%
Net margin 8.78% 20.59% 8.77%
Free cash flow margin 15.21% 37.32% 3.89%
Return on equity (22.12%) (12.73%) 0.00%
Return on assets 8.37% 73.26% 2.23%
Return on invested capital 59.58% 0.00% 5.27%

Growth

Metric GSHD NP Insurance Brokers median
Revenue growth (TTM) 17.74% — 7.09%
EPS growth (last fiscal year) (9.57%) (170.16%) (9.12%)
Revenue growth, 5-year CAGR 25.57% — 9.30%
Net income growth, 5-year CAGR 24.55% — 0.00%

Health

Metric GSHD NP Insurance Brokers median
Debt to equity (1.67) (1.08) 0.19
Current ratio 1.54 2.07 1.55
Net debt to EBITDA 2.90 2.65 0.89

Dividend

Metric GSHD NP Insurance Brokers median
Dividend yield 0.00% — 1.08%
Payout ratio 0.00 — 0.23

Size

Metric GSHD NP Insurance Brokers median
Market cap 1.62b 4.04b 1.49b

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