Horace Mann Educators Corporation (HMN) vs Porch Group, Inc. (PRCH)

Horace Mann Educators Corporation and Porch Group, Inc. are both Insurance Property & Casualty companies. Horace Mann Educators Corporation and Porch Group, Inc. are of similar size ($2.0B and $1.9B). Porch Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Horace Mann Educators Corporation trades at 10.7×. Porch Group, Inc. grew revenue faster over the last twelve months: 16.1% against 5.88%. Horace Mann Educators Corporation has the higher net margin (10.2% vs −2.62%) and the higher return on invested capital (7.75% vs 7.07%). Across the 19 metrics below, Horace Mann Educators Corporation leads on 14 and Porch Group, Inc. on 5.

Valuation

Metric HMN PRCH Insurance Property & Casualty median
P/E 10.75 n/m 10.75
P/S 1.09 3.79 1.21
P/B 1.26 100.38 1.99
Price to free cash flow 3.35 25.25 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.30% (1.70%) 9.08%
Free cash flow yield 29.87% 3.96% 12.11%

Profitability

Metric HMN PRCH Insurance Property & Casualty median
Gross margin 46.89% 72.10% 41.16%
Operating margin 14.57% 7.88% 15.09%
Net margin 10.15% (2.62%) 11.51%
Free cash flow margin 32.42% 15.60% 17.46%
Return on equity 12.38% (156.54%) 17.34%
Return on assets 1.17% (1.69%) 3.74%
Return on invested capital 7.75% 7.07% 12.06%

Growth

Metric HMN PRCH Insurance Property & Casualty median
Revenue growth (TTM) 5.88% 16.10% 8.02%
EPS growth (last fiscal year) 57.26% 90.90% 39.61%
Revenue growth, 5-year CAGR 5.36% 46.17% 9.23%
Net income growth, 5-year CAGR 3.99% 0.00% 10.09%

Health

Metric HMN PRCH Insurance Property & Casualty median
Debt to equity 0.40 20.93 0.25
Current ratio 0.06 1.45 0.42
Net debt to EBITDA 2.14 5.36 0.08

Dividend

Metric HMN PRCH Insurance Property & Casualty median
Dividend yield 3.09% — 1.50%
Payout ratio 0.33 — 0.14

Size

Metric HMN PRCH Insurance Property & Casualty median
Market cap 1.86b 1.99b 2.67b

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