insiderdelta
CoverageForm 410-K10-Q8-K13D13G13F

HRTG · Heritage Insurance Holdings, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · HRTG

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AnnualQuarterly

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$847.33M$816.99M$735.50M$662.46M$631.56M$593.38M
Cost of Revenue------
Gross Profit------
R&D------
SG&A$92.97M$85.14M$77.78M$70.40M$65.79M$81.54M
Total Operating Expenses------
D&A$3.40M$9.55M$8.69M$8.36M$8.45M$8.10M
Operating Income$267.15M$93.61M$63.22M($157.36M)($68.06M)$10.19M
Interest Expense$7.89M$10.93M$11.21M$8.81M$7.97M$7.97M
Income Tax$63.67M$21.14M$6.70M($11.81M)($1.31M)($7.11M)
Net Income$195.59M$61.54M$45.31M($154.36M)($74.73M)$9.33M
EPS - Basic$6.33$2.01$1.73($5.86)($2.69)$0.33
EPS - Diluted$6.32$2.01$1.73($5.86)($2.69)$0.33

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$559.27M$452.67M$463.64M$280.88M$359.34M$440.96M
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets------
Total Assets$2.20B$2.47B$2.15B$2.39B$1.98B$2.09B
Current Liabilities------
Long-term Debt$78.43M$116.32M$119.73M$128.94M$120.76M$121.00M
Total Liabilities$1.69B$2.18B$1.93B$2.26B$1.64B$1.65B
Stockholders' Equity$505.25M$290.80M$220.28M$131.04M$343.05M$442.34M
Retained Earnings$283.25M$87.66M$26.12M($19.19M)$138.38M$219.78M

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$182.24M$87.09M$70.42M($34.26M)$60.13M$170.21M
Investing Cash Flow($32.67M)($91.60M)$100.81M($37.86M)($124.48M)$22.06M
Financing Cash Flow($40.63M)($5.19M)$14.55M($5.06M)($17.28M)($28.90M)
CapEx$8.07M$8.23M$9.89M$1.67M$1.01M$755.0K
Free Cash Flow$174.16M$78.86M$60.52M($35.93M)$59.12M$169.46M

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin31.5%11.5%8.6%-23.8%-10.8%1.7%
EBITDA margin31.9%12.6%9.8%-22.5%-9.4%3.1%
Net margin23.1%7.5%6.2%-23.3%-11.8%1.6%
Free cash flow margin20.6%9.7%8.2%-5.4%9.4%28.6%
FCF / Net income0.891.281.340.23-0.7918.17
R&D / Revenue------
SG&A / Revenue11.0%10.4%10.6%10.6%10.4%13.7%
Effective tax rate24.6%25.6%12.9%---321.4%
Return on assets8.9%2.5%2.1%-6.5%-3.8%0.4%
Return on equity38.7%21.2%20.6%-117.8%-21.8%2.1%
Return on invested capital34.5%17.1%16.2%-47.8%-11.6%1.8%
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity0.160.400.540.980.350.27
Debt / Assets0.040.050.060.050.060.06
Debt / EBITDA0.291.131.67--6.62
Interest coverage33.9x8.6x5.6x-17.9x-8.5x1.3x
Equity multiplier4.358.499.7718.265.774.72
Liabilities / Assets0.770.880.900.950.830.79
Efficiency
Asset turnover0.390.330.340.280.320.28
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E4.6x6.0x3.8x--30.7x
P / B1.8x1.3x0.8x0.4x0.5x0.6x
P / S1.1x0.5x0.2x0.1x0.3x0.5x
EV / EBITDA1.6x0.3x-2.4x---2.0x
Growth
Revenue growth (YoY)3.7%11.1%11.0%4.9%6.4%16.1%
Revenue CAGR (3y)8.6%9.0%7.4%9.0%9.6%13.4%
Revenue CAGR (5y)7.4%9.8%8.9%10.3%7.5%8.5%
Gross profit growth (YoY)------
Operating income growth (YoY)185.4%48.1%--131.2%--79.5%
Net income growth (YoY)217.8%35.8%--106.6%--67.4%
EPS growth (YoY)214.4%16.2%--117.8%--66.3%
EPS CAGR (3y)--73.7%---
EPS CAGR (5y)80.5%15.5%10.7%---35.9%
FCF growth (YoY)120.8%30.3%---65.1%47.8%
FCF CAGR (5y)0.5%-7.2%-5.6%--4.3%2.1%
Book value growth (YoY)73.7%32.0%68.1%-61.8%-22.4%-1.4%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$847.33M total
Reportable Segment$847.33M · 100.0%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

6/9
Neutral
  • ✓Net income positive
  • ✓Operating cash flow positive
  • ✓ROA improved YoY
  • ✗Cash flow > net income
  • ✓Long-term debt decreased
  • -Current ratio improved
  • ✓No share dilution
  • -Gross margin improved
  • ✓Asset turnover improved

Peer comparison

Same SIC group: Fire, Marine & Casualty Insurance

CompanyRevenue (last FY)Net marginROE
PGR$87.67B12.9%37.3%
DGICA$978.01M8.1%12.4%
AIG$26.77B11.6%7.5%
TRV$48.83B12.9%19.1%
CINF$12.63B18.9%15.0%

Comparing Heritage Insurance Holdings against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-datePer share
Jun 13, 2022$0.0600
Mar 16, 2022$0.0600
Dec 14, 2021$0.0600
Sep 14, 2021$0.0600
Jun 14, 2021$0.0600
Mar 12, 2021$0.0600
Dec 14, 2020$0.0600
Sep 14, 2020$0.0600
Jun 12, 2020$0.0600
Mar 13, 2020$0.0600
Dec 13, 2019$0.0600
Sep 13, 2019$0.0600
Jun 13, 2019$0.0600
Mar 14, 2019$0.0600
Dec 13, 2018$0.0600
Sep 13, 2018$0.0600
Jun 14, 2018$0.0600
Mar 14, 2018$0.0600
Nov 16, 2017$0.0600
Sep 14, 2017$0.0600
Jun 13, 2017$0.0600
Mar 13, 2017$0.0600
Dec 13, 2016$0.0600
Sep 13, 2016$0.0600