What is Heritage Insurance Hldgs Inc's earnings per share (EPS)?

Heritage Insurance Hldgs Inc (HRTG) reported diluted earnings per share of $6.32 for fiscal year 2025. This represents a 214.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Heritage Insurance Hldgs Inc Financials

HRTG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Heritage Insurance Hldgs Inc (HRTG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 81/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Heritage Insurance Hldgs Inc has an operating margin of 31.5%, meaning the company retains $32 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is up from 11.5% the prior year.

Growth

Heritage Insurance Hldgs Inc's revenue grew a modest 3.7% year-over-year to $847.3M. This slow but positive growth earns a score of 40/100.

Leverage

Heritage Insurance Hldgs Inc carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Heritage Insurance Hldgs Inc converts 20.5% of revenue into free cash flow ($174.2M). This strong cash generation earns a score of 76/100.

Returns

Heritage Insurance Hldgs Inc earns a strong 38.7% return on equity (ROE), meaning it generates $39 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 97/100. This is up from 21.2% the prior year.

Piotroski F-Score Neutral

5/9

Heritage Insurance Hldgs Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.93x

For every $1 of reported earnings, Heritage Insurance Hldgs Inc generates $0.93 in operating cash flow ($182.2M OCF vs $195.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

33.9x

Heritage Insurance Hldgs Inc earns $33.9 in operating income for every $1 of interest expense ($267.2M vs $7.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$847.3M

YoY+3.7%

5Y CAGR+7.4%

10Y CAGR+7.9%

Heritage Insurance Hldgs Inc generated $847.3M in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.

EBITDA

$273.7M

YoY+182.1%

5Y CAGR+71.8%

10Y CAGR+6.1%

Heritage Insurance Hldgs Inc's EBITDA was $273.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 182.1% from the prior year.

Net Income

$195.6M

YoY+217.8%

5Y CAGR+83.8%

10Y CAGR+7.8%

Heritage Insurance Hldgs Inc reported $195.6M in net income in fiscal year 2025. This represents an increase of 217.8% from the prior year.

EPS (Diluted)

$6.32

YoY+214.4%

5Y CAGR+80.5%

10Y CAGR+7.6%

Heritage Insurance Hldgs Inc earned $6.32 per diluted share (EPS) in fiscal year 2025. This represents an increase of 214.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$174.2M

YoY+120.8%

5Y CAGR+0.5%

10Y CAGR+1.8%

Heritage Insurance Hldgs Inc generated $174.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 120.8% from the prior year.

Cash & Debt

$559.3M

YoY+23.6%

5Y CAGR+4.9%

10Y CAGR+9.0%

Heritage Insurance Hldgs Inc held $559.3M in cash against $78.4M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

31M

YoY+0.7%

5Y CAGR+2.1%

10Y CAGR+0.1%

Heritage Insurance Hldgs Inc had 31M shares outstanding in fiscal year 2025. This represents an increase of 0.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

31.5%

YoY+20.1pp

5Y CAGR+29.8pp

10Y CAGR-6.5pp

Heritage Insurance Hldgs Inc's operating margin was 31.5% in fiscal year 2025, reflecting core business profitability. This is up 20.1 percentage points from the prior year.

Net Margin

23.1%

YoY+15.6pp

5Y CAGR+21.5pp

10Y CAGR-0.4pp

Heritage Insurance Hldgs Inc's net profit margin was 23.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 15.6 percentage points from the prior year.

Return on Equity

38.7%

YoY+17.5pp

5Y CAGR+36.6pp

10Y CAGR+12.8pp

Heritage Insurance Hldgs Inc's ROE was 38.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 17.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$2.3M

5Y CAGR-25.6%

Heritage Insurance Hldgs Inc spent $2.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$8.1M

YoY-1.9%

5Y CAGR+60.6%

10Y CAGR+21.3%

Heritage Insurance Hldgs Inc invested $8.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 1.9% from the prior year.

HRTG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$847.3M+3.7%	$817.0M+11.1%	$735.5M+11.0%	$662.5M+4.9%	$631.6M+6.4%	$593.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$93.0M+9.2%	$85.1M+9.5%	$77.8M+10.5%	$70.4M+7.0%	$65.8M-19.3%	$81.5M
Operating Income	$267.2M+185.4%	$93.6M+48.1%	$63.2M+140.2%	-$157.4M-131.2%	-$68.1M-768.3%	$10.2M
Interest Expense	$7.9M-27.9%	$10.9M-2.5%	$11.2M+27.3%	$8.8M+10.5%	$8.0M0.0%	$8.0M
Income Tax	$63.7M+201.2%	$21.1M+215.6%	$6.7M+156.7%	-$11.8M-803.4%	-$1.3M+81.6%	-$7.1M
Net Income	$195.6M+217.8%	$61.5M+35.8%	$45.3M+129.4%	-$154.4M-106.6%	-$74.7M-901.3%	$9.3M
EPS (Diluted)	$6.32+214.4%	$2.01+16.2%	$1.73+129.5%	$-5.86-117.8%	$-2.69-915.2%	$0.33

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$215.3M+1.3%	$212.5M+2.1%	$208.0M-1.6%	$211.5M+0.6%	$210.3M-0.7%	$211.8M+4.1%	$203.6M+6.4%	$191.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$22.3M-8.4%	$24.4M+2.3%	$23.9M	N/A	$21.6M-5.3%	$22.8M+16.0%	$19.6M
Operating Income	$89.7M+27.8%	$70.2M+8.2%	$64.9M+52.9%	$42.4M+34.6%	$31.5M+168.3%	$11.7M-57.5%	$27.6M+21.7%	$22.7M
Interest Expense	N/A	$1.9M-1.6%	$1.9M-22.5%	$2.4M	N/A	$2.8M-0.9%	$2.8M-1.8%	$2.8M
Income Tax	N/A	$17.9M+19.6%	$15.0M+56.9%	$9.5M	N/A	$842K-85.9%	$6.0M+6.0%	$5.6M
Net Income	$66.7M+32.2%	$50.4M+5.0%	$48.0M+57.6%	$30.5M+50.2%	$20.3M+148.9%	$8.2M-56.8%	$18.9M+32.6%	$14.2M
EPS (Diluted)	$2.15+31.9%	$1.63+5.2%	$1.55+56.6%	$0.99+50.0%	$0.66+144.4%	$0.27-55.7%	$0.61+29.8%	$0.47

HRTG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.2B-11.1%	$2.5B+16.5%	$2.1B-11.4%	$2.4B+20.8%	$2.0B-5.2%	$2.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$559.3M+23.6%	$452.7M-2.4%	$463.6M+65.1%	$280.9M-21.8%	$359.3M-18.5%	$441.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	$0-100.0%	$92.0M-39.7%	$152.5M
Total Liabilities	$1.7B-22.4%	$2.2B+14.7%	$1.9B-16.0%	$2.3B+38.1%	$1.6B-0.6%	$1.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$78.4M-32.6%	$116.3M-2.9%	$119.7M-7.1%	$128.9M+6.8%	$120.8M-0.2%	$121.0M
Total Equity	$505.3M+73.7%	$290.8M+32.0%	$220.3M+68.1%	$131.0M-61.8%	$343.1M-22.4%	$442.3M
Retained Earnings	$283.3M+223.1%	$87.7M+235.6%	$26.1M+236.1%	-$19.2M-113.9%	$138.4M-37.0%	$219.8M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$2.2B-7.2%	$2.4B-6.7%	$2.5B+14.6%	$2.2B-10.4%	$2.5B+4.0%	$2.4B-8.7%	$2.6B+22.0%	$2.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$559.3M-0.2%	$560.4M+18.4%	$473.5M+11.2%	$425.9M-5.9%	$452.7M-11.2%	$509.9M+6.0%	$480.9M+24.6%	$386.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.7B-12.4%	$1.9B-10.4%	$2.2B+14.3%	$1.9B-13.5%	$2.2B+4.0%	$2.1B-10.6%	$2.3B+23.7%	$1.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$78.4M-1.0%	$79.3M-14.2%	$92.4M-2.6%	$94.8M-18.5%	$116.3M-1.9%	$118.6M-1.8%	$120.8M-1.8%	$123.0M
Total Equity	$505.3M+15.6%	$437.3M+14.1%	$383.3M+16.5%	$329.0M+13.1%	$290.8M+4.1%	$279.3M+9.4%	$255.3M+8.7%	$234.9M
Retained Earnings	$283.3M+30.8%	$216.6M+30.3%	$166.2M+40.7%	$118.1M+34.8%	$87.7M+30.1%	$67.4M+13.8%	$59.2M+46.8%	$40.3M

HRTG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$182.2M+109.2%	$87.1M+23.7%	$70.4M+305.5%	-$34.3M-157.0%	$60.1M-64.7%	$170.2M
Capital Expenditures	$8.1M-1.9%	$8.2M-16.8%	$9.9M+15.6%	$8.6M+749.8%	$1.0M+33.4%	$755K
Free Cash Flow	$174.2M+120.8%	$78.9M+30.3%	$60.5M+241.4%	-$42.8M-172.4%	$59.1M-65.1%	$169.5M
Investing Cash Flow	-$32.7M+64.3%	-$91.6M-190.9%	$100.8M+366.2%	-$37.9M+69.6%	-$124.5M-664.2%	$22.1M
Financing Cash Flow	-$40.6M-682.8%	-$5.2M-135.7%	$14.5M+387.6%	-$5.1M+70.7%	-$17.3M+40.2%	-$28.9M
Dividends Paid	$0	$0-100.0%	$11K-99.8%	$4.8M-28.9%	$6.7M-2.1%	$6.9M
Share Buybacks	$2.3M	$0	$0-100.0%	$7.3M-10.4%	$8.2M-18.1%	$10.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$13.8M-88.9%	$124.3M+187.1%	$43.3M+5072.3%	$837K+101.5%	-$56.1M-319.6%	-$13.4M-108.8%	$152.2M+3433.7%	$4.3M
Capital Expenditures	$2.9M+80.7%	$1.6M+3.1%	$1.5M-26.8%	$2.1M-18.2%	$2.6M-13.8%	$3.0M+20.8%	$2.5M+975.5%	$229K
Free Cash Flow	$10.9M-91.1%	$122.7M+193.9%	$41.8M+3416.7%	-$1.3M+97.9%	-$58.6M-258.9%	-$16.3M-110.9%	$149.8M+3571.7%	$4.1M
Investing Cash Flow	-$11.6M+52.5%	-$24.4M-462.2%	$6.7M+293.9%	-$3.5M-254.7%	$2.2M-95.0%	$44.8M+181.0%	-$55.4M+33.5%	-$83.3M
Financing Cash Flow	-$3.4M+74.3%	-$13.1M-437.4%	-$2.4M+88.7%	-$21.7M-533.4%	-$3.4M-39.9%	-$2.4M0.0%	-$2.4M-178.4%	$3.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	N/A	N/A	N/A	$0	N/A	N/A	N/A

HRTG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	31.5%+20.1pp	11.5%+2.9pp	8.6%+32.3pp	-23.8%-13.0pp	-10.8%-12.5pp	1.7%
Net Margin	23.1%+15.6pp	7.5%+1.4pp	6.2%+29.5pp	-23.3%-11.5pp	-11.8%-13.4pp	1.6%
Return on Equity	38.7%+17.5pp	21.2%+0.6pp	20.6%+138.4pp	-117.8%-96.0pp	-21.8%-23.9pp	2.1%
Return on Assets	8.9%+6.4pp	2.5%+0.3pp	2.1%+8.6pp	-6.5%-2.7pp	-3.8%-4.2pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.16-0.2	0.40-0.1	0.54-0.4	0.98+0.6	0.35+0.1	0.27
FCF Margin	20.5%+10.9pp	9.7%+1.4pp	8.2%+14.7pp	-6.5%-15.8pp	9.4%-19.2pp	28.6%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	41.6%+8.6pp	33.0%+1.8pp	31.2%+11.1pp	20.1%+5.1pp	15.0%+9.4pp	5.5%-8.0pp	13.6%+1.7pp	11.9%
Net Margin	31.0%+7.2pp	23.7%+0.7pp	23.1%+8.7pp	14.4%+4.8pp	9.7%+5.8pp	3.9%-5.4pp	9.3%+1.8pp	7.4%
Return on Equity	13.2%+1.7pp	11.5%-1.0pp	12.5%+3.3pp	9.3%+2.3pp	7.0%+4.1pp	2.9%-4.5pp	7.4%+1.3pp	6.0%
Return on Assets	3.0%+0.9pp	2.1%+0.2pp	1.9%+0.5pp	1.4%+0.6pp	0.8%+0.5pp	0.3%-0.4pp	0.7%+0.1pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.16-0.0	0.18-0.1	0.24-0.0	0.29-0.1	0.40-0.0	0.42-0.0	0.47-0.1	0.52
FCF Margin	5.1%-52.7pp	57.8%+37.7pp	20.1%+20.7pp	-0.6%+27.3pp	-27.9%-20.2pp	-7.7%-81.3pp	73.6%+71.4pp	2.1%

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Frequently Asked Questions

What is Heritage Insurance Hldgs Inc's annual revenue?

Heritage Insurance Hldgs Inc (HRTG) reported $847.3M in total revenue for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Heritage Insurance Hldgs Inc's revenue growing?

Heritage Insurance Hldgs Inc (HRTG) revenue grew by 3.7% year-over-year, from $817.0M to $847.3M in fiscal year 2025.

Is Heritage Insurance Hldgs Inc profitable?

Yes, Heritage Insurance Hldgs Inc (HRTG) reported a net income of $195.6M in fiscal year 2025, with a net profit margin of 23.1%.

What is Heritage Insurance Hldgs Inc's EBITDA?

Heritage Insurance Hldgs Inc (HRTG) had EBITDA of $273.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Heritage Insurance Hldgs Inc have?

As of fiscal year 2025, Heritage Insurance Hldgs Inc (HRTG) had $559.3M in cash and equivalents against $78.4M in long-term debt.

What is Heritage Insurance Hldgs Inc's operating margin?

Heritage Insurance Hldgs Inc (HRTG) had an operating margin of 31.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Heritage Insurance Hldgs Inc's net profit margin?

Heritage Insurance Hldgs Inc (HRTG) had a net profit margin of 23.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Heritage Insurance Hldgs Inc's return on equity (ROE)?

Heritage Insurance Hldgs Inc (HRTG) has a return on equity of 38.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Heritage Insurance Hldgs Inc's free cash flow?

Heritage Insurance Hldgs Inc (HRTG) generated $174.2M in free cash flow during fiscal year 2025. This represents a 120.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Heritage Insurance Hldgs Inc's operating cash flow?

Heritage Insurance Hldgs Inc (HRTG) generated $182.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Heritage Insurance Hldgs Inc's total assets?

Heritage Insurance Hldgs Inc (HRTG) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Heritage Insurance Hldgs Inc's capital expenditures?

Heritage Insurance Hldgs Inc (HRTG) invested $8.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Heritage Insurance Hldgs Inc buy back shares?

Yes, Heritage Insurance Hldgs Inc (HRTG) spent $2.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Heritage Insurance Hldgs Inc have outstanding?

Heritage Insurance Hldgs Inc (HRTG) had 31M shares outstanding as of fiscal year 2025.

What is Heritage Insurance Hldgs Inc's debt-to-equity ratio?

Heritage Insurance Hldgs Inc (HRTG) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Heritage Insurance Hldgs Inc's return on assets (ROA)?

Heritage Insurance Hldgs Inc (HRTG) had a return on assets of 8.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Heritage Insurance Hldgs Inc's Piotroski F-Score?

Heritage Insurance Hldgs Inc (HRTG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Heritage Insurance Hldgs Inc's earnings high quality?

Heritage Insurance Hldgs Inc (HRTG) has an earnings quality ratio of 0.93x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Heritage Insurance Hldgs Inc cover its interest payments?

Heritage Insurance Hldgs Inc (HRTG) has an interest coverage ratio of 33.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Heritage Insurance Hldgs Inc?

Heritage Insurance Hldgs Inc (HRTG) scores 81 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.