PLMR · Palomar 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.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $875.97M | $553.86M | $375.93M | $327.09M | $247.79M | $168.46M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $8.93M | $5.11M | $4.50M | $4.12M | $3.54M | $1.34M |
| Operating Income | $253.39M | $151.20M | $103.64M | $67.55M | $6.22M | $6.22M |
| Interest Expense | $392.0K | $1.14M | $3.77M | $873.0K | $40.0K | - |
| Income Tax | $56.32M | $33.62M | $24.44M | $15.38M | $11.29M | ($34.0K) |
| Net Income | $197.07M | $117.57M | $79.20M | $52.17M | $45.85M | $6.26M |
| EPS - Basic | $7.40 | $4.61 | $3.19 | $2.07 | $1.80 | $0.25 |
| EPS - Diluted | $7.17 | $4.48 | $3.13 | $2.02 | $1.76 | $0.24 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $106.88M | $80.44M | $51.55M | $68.11M | $50.28M | $33.54M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $3.05B | $2.26B | $1.71B | $1.31B | $925.73M | $729.09M |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $2.11B | $1.53B | $1.24B | $921.70M | $531.57M | $365.38M |
| Stockholders' Equity | $942.67M | $729.03M | $471.25M | $384.75M | $394.17M | $363.71M |
| Retained Earnings | $422.00M | $262.22M | $144.64M | $87.71M | $69.95M | $39.96M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $409.12M | $261.16M | $116.11M | $169.58M | $87.81M | $53.55M |
| Investing Cash Flow | ($353.98M) | ($306.24M) | ($128.48M) | ($156.81M) | ($58.19M) | ($181.44M) |
| Financing Cash Flow | ($28.79M) | $73.77M | ($3.94M) | $5.02M | ($13.04M) | $128.33M |
| CapEx | $137.0K | $243.0K | $15.0K | $313.0K | $18.0K | $132.0K |
| Free Cash Flow | $408.98M | $260.91M | $116.09M | $169.27M | $87.80M | $53.42M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 28.9% | 27.3% | 27.6% | 20.7% | 2.5% | 3.7% |
| EBITDA margin | 29.9% | 28.2% | 28.8% | 21.9% | 3.9% | 4.5% |
| Net margin | 22.5% | 21.2% | 21.1% | 15.9% | 18.5% | 3.7% |
| Free cash flow margin | 46.7% | 47.1% | 30.9% | 51.8% | 35.4% | 31.7% |
| FCF / Net income | 2.08 | 2.22 | 1.47 | 3.24 | 1.91 | 8.54 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 22.2% | 22.2% | 23.6% | 22.8% | 19.8% | -0.5% |
| Return on assets | 6.5% | 5.2% | 4.6% | 4.0% | 5.0% | 0.9% |
| Return on equity | 20.9% | 16.1% | 16.8% | 13.6% | 11.6% | 1.7% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 646.4x | 132.9x | 27.5x | 77.4x | 155.6x | - |
| Equity multiplier | 3.24 | 3.10 | 3.62 | 3.40 | 2.35 | 2.00 |
| Liabilities / Assets | 0.69 | 0.68 | 0.72 | 0.71 | 0.57 | 0.50 |
| Efficiency | ||||||
| Asset turnover | 0.29 | 0.24 | 0.22 | 0.25 | 0.27 | 0.23 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 18.8x | 23.6x | 17.7x | 22.4x | 36.8x | 370.2x |
| P / B | 3.9x | 3.8x | 3.0x | 3.0x | 4.3x | 6.3x |
| P / S | 4.2x | 5.0x | 3.7x | 3.6x | 6.8x | 13.5x |
| EV / EBITDA | 13.7x | 17.2x | 12.5x | 15.3x | 168.0x | 296.4x |
| Growth | ||||||
| Revenue growth (YoY) | 58.2% | 47.3% | 14.9% | 32.0% | 47.1% | 183.3% |
| Revenue CAGR (3y) | 38.9% | 30.7% | 30.7% | 76.5% | - | - |
| Revenue CAGR (5y) | 39.1% | 56.3% | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 67.6% | 45.9% | 53.4% | 985.5% | 0.0% | 26.3% |
| Net income growth (YoY) | 67.6% | 48.4% | 51.8% | 13.8% | 632.7% | 65.4% |
| EPS growth (YoY) | 60.0% | 43.1% | 55.0% | 14.8% | 633.3% | 9.1% |
| EPS CAGR (3y) | 52.5% | 36.5% | 135.4% | 109.4% | - | - |
| EPS CAGR (5y) | 97.3% | 82.7% | - | - | - | - |
| FCF growth (YoY) | 56.8% | 124.7% | -31.4% | 92.8% | 64.4% | 164.7% |
| FCF CAGR (5y) | 50.2% | 66.8% | - | - | - | - |
| Book value growth (YoY) | 29.3% | 54.7% | 22.5% | -2.4% | 8.4% | 397.5% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
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
Comparing Palomar Holdings against the 5 most active filers in the same SIC group.