Heritage Insurance Hldgs Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Heritage Insurance Hldgs Inc has an operating margin of 11.5%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 57/100, indicating healthy but not exceptional operating efficiency. This is up from 8.6% the prior year.
Heritage Insurance Hldgs Inc's revenue grew 11.1% year-over-year to $817.0M, a solid pace of expansion. This earns a growth score of 60/100.
Heritage Insurance Hldgs Inc carries a low D/E ratio of 0.40, meaning only $0.40 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
Heritage Insurance Hldgs Inc has a free cash flow margin of 9.7%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.
Heritage Insurance Hldgs Inc earns a strong 21.2% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 85/100. This is up from 20.6% the prior year.
Heritage Insurance Hldgs Inc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Heritage Insurance Hldgs Inc generates $1.42 in operating cash flow ($87.1M OCF vs $61.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Heritage Insurance Hldgs Inc earns $8.6 in operating income for every $1 of interest expense ($93.6M vs $10.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Heritage Insurance Hldgs Inc (HRTG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
Key Financial Metrics
Heritage Insurance Hldgs Inc generated $817.0M in revenue in fiscal year 2024. This represents an increase of 11.1% from the prior year.
Heritage Insurance Hldgs Inc's EBITDA was $103.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 43.5% from the prior year.
Heritage Insurance Hldgs Inc generated $78.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 30.3% from the prior year.
Heritage Insurance Hldgs Inc reported $61.5M in net income in fiscal year 2024. This represents an increase of 35.8% from the prior year.
Heritage Insurance Hldgs Inc earned $2.01 per diluted share (EPS) in fiscal year 2024. This represents an increase of 16.2% from the prior year.
Heritage Insurance Hldgs Inc held $452.7M in cash against $116.3M in long-term debt as of fiscal year 2024.
Heritage Insurance Hldgs Inc had 31M shares outstanding in fiscal year 2024. This represents an increase of 1.3% from the prior year.
Heritage Insurance Hldgs Inc's operating margin was 11.5% in fiscal year 2024, reflecting core business profitability. This is up 2.9 percentage points from the prior year.
Heritage Insurance Hldgs Inc's net profit margin was 7.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.
Heritage Insurance Hldgs Inc's ROE was 21.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.
Heritage Insurance Hldgs Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Heritage Insurance Hldgs Inc invested $8.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 16.8% from the prior year.
HRTG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $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+2.3% | $187.0M |
| 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 | $22.3M-8.4% | $24.4M+2.3% | $23.9M+12.8% | $21.2M-1.9% | $21.6M-5.3% | $22.8M+16.0% | $19.6M+17.2% | $16.8M |
| Operating Income | $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-37.2% | $36.2M |
| Interest Expense | $1.9M-1.6% | $1.9M-22.5% | $2.4M-5.6% | $2.6M-6.8% | $2.8M-0.9% | $2.8M-1.8% | $2.8M-5.6% | $3.0M |
| Income Tax | $17.9M+19.6% | $15.0M+56.9% | $9.5M+10.2% | $8.7M+927.9% | $842K-85.9% | $6.0M+6.0% | $5.6M+153.8% | $2.2M |
| Net Income | $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-54.0% | $30.9M |
| EPS (Diluted) | $1.63+5.2% | $1.55+56.6% | $0.99+50.0% | $0.66+144.4% | $0.27-55.7% | $0.61+29.8% | $0.47-59.1% | $1.15 |
HRTG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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+0.5% | $2.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $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-16.7% | $463.6M |
| 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 | $1.9B-10.4% | $2.2B+14.3% | $1.9B-13.5% | $2.2B+4.0% | $2.1B-10.6% | $2.3B+23.7% | $1.9B-0.2% | $1.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $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+2.7% | $119.7M |
| Total Equity | $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+6.7% | $220.3M |
| Retained Earnings | $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+54.5% | $26.1M |
HRTG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $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-95.7% | $99.8M |
| Capital Expenditures | $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-84.2% | $1.4M |
| Free Cash Flow | $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-95.9% | $98.3M |
| Investing Cash Flow | -$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-173.6% | $113.2M |
| Financing Cash Flow | -$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-85.7% | $21.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Share Buybacks | N/A | N/A | N/A | $0 | N/A | N/A | N/A | $0 |
HRTG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 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%-7.5pp | 19.3% |
| Net Margin | 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%-9.1pp | 16.6% |
| Return on Equity | 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%-8.0pp | 14.1% |
| Return on Assets | 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%-0.8pp | 1.5% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.18-0.1 | 0.24-0.0 | 0.29-0.1 | 0.40-0.0 | 0.42-0.0 | 0.47-0.1 | 0.52-0.0 | 0.54 |
| FCF Margin | 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%-50.5pp | 52.6% |
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Frequently Asked Questions
What is Heritage Insurance Hldgs Inc's annual revenue?
Heritage Insurance Hldgs Inc (HRTG) reported $817.0M in total revenue for fiscal year 2024. This represents a 11.1% 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 11.1% year-over-year, from $735.5M to $817.0M in fiscal year 2024.
Is Heritage Insurance Hldgs Inc profitable?
Yes, Heritage Insurance Hldgs Inc (HRTG) reported a net income of $61.5M in fiscal year 2024, with a net profit margin of 7.5%.
What is Heritage Insurance Hldgs Inc's earnings per share (EPS)?
Heritage Insurance Hldgs Inc (HRTG) reported diluted earnings per share of $2.01 for fiscal year 2024. This represents a 16.2% 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.
What is Heritage Insurance Hldgs Inc's EBITDA?
Heritage Insurance Hldgs Inc (HRTG) had EBITDA of $103.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Heritage Insurance Hldgs Inc have?
As of fiscal year 2024, Heritage Insurance Hldgs Inc (HRTG) had $452.7M in cash and equivalents against $116.3M in long-term debt.
What is Heritage Insurance Hldgs Inc's operating margin?
Heritage Insurance Hldgs Inc (HRTG) had an operating margin of 11.5% in fiscal year 2024, 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 7.5% in fiscal year 2024, 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 21.2% for fiscal year 2024, 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 $78.9M in free cash flow during fiscal year 2024. This represents a 30.3% 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 $87.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Heritage Insurance Hldgs Inc's total assets?
Heritage Insurance Hldgs Inc (HRTG) had $2.5B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Heritage Insurance Hldgs Inc's capital expenditures?
Heritage Insurance Hldgs Inc (HRTG) invested $8.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Heritage Insurance Hldgs Inc have outstanding?
Heritage Insurance Hldgs Inc (HRTG) had 31M shares outstanding as of fiscal year 2024.
What is Heritage Insurance Hldgs Inc's debt-to-equity ratio?
Heritage Insurance Hldgs Inc (HRTG) had a debt-to-equity ratio of 0.40 as of fiscal year 2024, 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 2.5% for fiscal year 2024, 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 1.42x, considered cash-backed (high 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 8.6x, 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 69 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.