Hagerty (HGTY) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
1.2B
Net Income
78.3M
6.57%
EPS (Diluted)
$0.10
Balance Sheet Metrics
Total Assets
1.7B
Total Liabilities
1.2B
Shareholders Equity
523.5M
Debt to Equity
2.27
Cash Flow Metrics
Operating Cash Flow
63.8M
Free Cash Flow
155.7M
Revenue & Profitability Trend
Hagerty Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 1.2B | 1.0B | 829.5M | 576.5M | 499.5M |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Expenses | 494.5M | 458.7M | 429.4M | 343.9M | 275.9M |
| Operating Income | - | - | - | - | 15.8M |
| Pre-tax Income | 93.7M | 44.8M | 11.1M | -54.6M | 14.9M |
| Income Tax | 15.4M | 16.6M | 7.0M | 6.8M | 4.8M |
| Net Income | 78.3M | 28.2M | 2.4M | -61.4M | 10.0M |
| EPS (Diluted) | $0.10 | $0.09 | -$0.07 | -$0.56 | $0.12 |
Income Statement Trend
Hagerty Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | - | - | - | - | 513.4M |
| Non-Current Assets | - | - | - | - | 97.4M |
| Total Assets | 1.7B | - | - | - | 610.7M |
| Liabilities | |||||
| Current Liabilities | - | - | - | - | 384.8M |
| Non-Current Liabilities | - | - | - | - | 108.6M |
| Total Liabilities | 1.2B | - | - | - | 493.4M |
| Equity | |||||
| Total Shareholders Equity | 523.5M | 410.5M | 367.4M | 270.8M | 117.3M |
Balance Sheet Composition
Hagerty Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 78.3M | 28.2M | 2.4M | -61.4M | 10.0M |
| Operating Cash Flow | 63.8M | -17.4M | -24.7M | -101.7M | 26.5M |
| Investing Activities | |||||
| Capital Expenditures | - | - | -44.4M | -43.4M | -38.3M |
| Investing Cash Flow | -597.2M | -26.2M | -84.5M | -69.0M | -47.4M |
| Financing Activities | |||||
| Dividends Paid | - | 0 | 0 | -4.1M | -4.0M |
| Financing Cash Flow | -46.9M | 101.6M | -28.1M | 332.1M | 39.9M |
| Free Cash Flow | 155.7M | 107.3M | 11.0M | -1.1M | 46.3M |
Cash Flow Trend
Hagerty Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
48.10
Forward P/E
6.87
Price to Book
5.58
Price to Sales
2.76
PEG Ratio
6.87
Profitability Ratios
Profit Margin
1.55%
Operating Margin
8.05%
Return on Equity
15.99%
Return on Assets
2.95%
Financial Health
Current Ratio
1.01
Debt to Equity
29.28
Beta
0.91
Per Share Data
EPS (TTM)
$0.21
Book Value per Share
$1.81
Revenue per Share
$14.04
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| hgty | 3.4B | 48.10 | 5.58 | 15.99% | 1.55% | 29.28 |
| Progressive | 156.2B | 17.96 | 5.39 | 34.34% | 11.10% | 23.81 |
| Chubb | 112.4B | 13.51 | 1.71 | 12.86% | 15.03% | 29.87 |
| Old Republic | 9.4B | 12.45 | 1.57 | 12.67% | 9.38% | 26.74 |
| RLI | 6.8B | 24.31 | 4.21 | 17.99% | 16.22% | 7.15 |
| Hanover Insurance | 6.0B | 13.89 | 1.97 | 15.74% | 6.97% | 25.76 |
Financial data is updated regularly. All figures are in the company's reporting currency.