TWFG INC Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
TWFG INC has an operating margin of 13.7%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 69/100, reflecting efficient cost management and pricing power. This is down from 14.8% the prior year.
TWFG INC's revenue surged 18.4% year-over-year to $203.8M, reflecting rapid business expansion. This strong growth earns a score of 81/100.
TWFG INC carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 6.10, TWFG INC holds $6.10 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
TWFG INC converts 18.3% of revenue into free cash flow ($37.3M). This strong cash generation earns a score of 91/100.
TWFG INC generates a 3.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100.
TWFG INC scores 2.39, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
TWFG INC passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, TWFG INC generates $14.75 in operating cash flow ($40.5M OCF vs $2.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
TWFG INC earns $12.7 in operating income for every $1 of interest expense ($27.9M vs $2.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows TWFG INC (TWFG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
TWFG INC generated $203.8M in revenue in fiscal year 2024. This represents an increase of 18.4% from the prior year.
TWFG INC's EBITDA was $39.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.0% from the prior year.
TWFG INC generated $37.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 24.7% from the prior year.
TWFG INC reported $2.7M in net income in fiscal year 2024.
TWFG INC held $195.8M in cash against $5.1M in long-term debt as of fiscal year 2024.
TWFG INC's operating margin was 13.7% in fiscal year 2024, reflecting core business profitability. This is down 1.1 percentage points from the prior year.
TWFG INC's net profit margin was 1.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.
TWFG INC's ROE was 3.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
TWFG INC invested $3.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1131.2% from the prior year.
TWFG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64.1M+6.3% | $60.3M+12.0% | $53.8M+4.0% | $51.7M-2.1% | $52.9M-0.3% | $53.0M+14.9% | $46.1M | N/A |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $9.0M+22.7% | $7.4M+28.5% | $5.7M-19.7% | $7.1M+19.5% | $6.0M-20.6% | $7.5M+3.0% | $7.3M | N/A |
| Interest Expense | $70K+2.9% | $68K-32.0% | $100K-21.9% | $128K-68.0% | $400K-54.1% | $872K+9.0% | $800K | N/A |
| Income Tax | $977K+57.6% | $620K-5.5% | $656K-38.0% | $1.1M+142.1% | $437K | $0 | $0 | N/A |
| Net Income | $1.7M-12.0% | $2.0M+46.3% | $1.3M-83.6% | $8.2M+606.4% | $1.2M | $0 | $0 | N/A |
| EPS (Diluted) | $0.11-15.4% | $0.13+44.4% | $0.09 | N/A | $0.08-99.2% | $10.49 | N/A | N/A |
TWFG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $349.2M+1.8% | $342.8M+3.7% | $330.5M+2.2% | $323.4M+3.3% | $313.1M+99.1% | $157.2M | N/A | $115.4M |
| Current Assets | $211.3M+1.3% | $208.5M-13.6% | $241.4M-0.2% | $241.8M+3.3% | $234.1M+210.7% | $75.3M | N/A | $75.1M |
| Cash & Equivalents | $151.0M-5.5% | $159.8M-18.6% | $196.4M+0.3% | $195.8M+2.4% | $191.2M+642.4% | $25.8M | N/A | $39.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $8.2M-12.7% | $9.4M+16.1% | $8.1M+2.7% | $7.8M-10.7% | $8.8M-8.6% | $9.6M | N/A | $6.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $269.8M+2.1% | $264.2M+3.5% | $255.3M+2.3% | $249.5M+3.1% | $242.0M+169.8% | $89.7M | N/A | $84.4M |
| Current Liabilities | $45.1M-0.6% | $45.4M+5.9% | $42.9M+8.2% | $39.6M+4.0% | $38.1M-7.2% | $41.0M | N/A | $34.9M |
| Long-Term Debt | $3.2M-16.7% | $3.9M-14.2% | $4.5M-12.4% | $5.1M-5.3% | $5.4M-88.5% | $47.0M | N/A | $48.0M |
| Total Equity | $79.4M+0.9% | $78.7M+4.6% | $75.2M+1.8% | $73.9M+3.9% | $71.1M+5.3% | $67.5M | N/A | $31.1M |
| Retained Earnings | $20.3M+9.3% | $18.6M+11.8% | $16.6M+8.8% | $15.3M+11.6% | $13.7M+21.7% | $11.3M | N/A | $4.8M |
TWFG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.0M+55.5% | $9.6M-38.5% | $15.6M+34.9% | $11.6M-1.1% | $11.7M+58.4% | $7.4M-24.1% | $9.8M+61.2% | $6.1M |
| Capital Expenditures | $69K+56.8% | $44K+193.3% | $15K-99.5% | $2.9M+1153.6% | $233K+497.4% | $39K+387.5% | $8K-81.4% | $43K |
| Free Cash Flow | $14.9M+55.5% | $9.6M-38.8% | $15.6M+80.1% | $8.7M-24.5% | $11.5M+56.1% | $7.4M-24.5% | $9.7M+62.2% | $6.0M |
| Investing Cash Flow | -$17.0M+52.1% | -$35.5M-218.3% | -$11.2M-222.2% | -$3.5M-847.0% | -$366K-51.2% | -$242K+98.8% | -$21.0M-140.8% | -$8.7M |
| Financing Cash Flow | -$6.4M+43.9% | -$11.4M-644.3% | -$1.5M+59.0% | -$3.7M-102.4% | $153.0M+7518.0% | -$2.1M+46.0% | -$3.8M-149.7% | $7.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TWFG 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 | 14.1%+1.9pp | 12.2%+1.6pp | 10.7%-3.1pp | 13.8%+2.5pp | 11.3%-2.9pp | 14.2%-1.6pp | 15.8% | N/A |
| Net Margin | 2.7%-0.6pp | 3.3%+0.8pp | 2.5%-13.3pp | 15.8%+13.6pp | 2.2%+2.2pp | 0.0%0.0pp | 0.0% | N/A |
| Return on Equity | 2.2%-0.3pp | 2.5%+0.7pp | 1.8%-9.3pp | 11.0%+9.4pp | 1.6% | N/A | N/A | N/A |
| Return on Assets | 0.5%-0.1pp | 0.6%+0.2pp | 0.4%-2.1pp | 2.5%+2.1pp | 0.4%+0.4pp | 0.0% | N/A | N/A |
| Current Ratio | 4.68+0.1 | 4.59-1.0 | 5.63-0.5 | 6.10-0.0 | 6.15+4.3 | 1.84 | N/A | 2.15 |
| Debt-to-Equity | 0.040.0 | 0.05-0.0 | 0.060.0 | 0.070.0 | 0.08-0.6 | 0.70 | N/A | 1.54 |
| FCF Margin | 23.2%+7.3pp | 15.9%-13.2pp | 29.0%+12.3pp | 16.8%-5.0pp | 21.7%+7.9pp | 13.9%-7.2pp | 21.1% | N/A |
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Frequently Asked Questions
What is TWFG INC's annual revenue?
TWFG INC (TWFG) reported $203.8M in total revenue for fiscal year 2024. This represents a 18.4% 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 TWFG INC's revenue growing?
TWFG INC (TWFG) revenue grew by 18.4% year-over-year, from $172.0M to $203.8M in fiscal year 2024.
Is TWFG INC profitable?
Yes, TWFG INC (TWFG) reported a net income of $2.7M in fiscal year 2024, with a net profit margin of 1.4%.
What is TWFG INC's earnings per share (EPS)?
TWFG INC (TWFG) reported diluted earnings per share of $0.19 for fiscal year 2024. 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 TWFG INC's EBITDA?
TWFG INC (TWFG) had EBITDA of $39.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does TWFG INC have?
As of fiscal year 2024, TWFG INC (TWFG) had $195.8M in cash and equivalents against $5.1M in long-term debt.
What is TWFG INC's operating margin?
TWFG INC (TWFG) had an operating margin of 13.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is TWFG INC's net profit margin?
TWFG INC (TWFG) had a net profit margin of 1.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is TWFG INC's return on equity (ROE)?
TWFG INC (TWFG) has a return on equity of 3.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is TWFG INC's free cash flow?
TWFG INC (TWFG) generated $37.3M in free cash flow during fiscal year 2024. This represents a 24.7% 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 TWFG INC's operating cash flow?
TWFG INC (TWFG) generated $40.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are TWFG INC's total assets?
TWFG INC (TWFG) had $323.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are TWFG INC's capital expenditures?
TWFG INC (TWFG) invested $3.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is TWFG INC's current ratio?
TWFG INC (TWFG) had a current ratio of 6.10 as of fiscal year 2024, which is generally considered healthy.
What is TWFG INC's debt-to-equity ratio?
TWFG INC (TWFG) had a debt-to-equity ratio of 0.07 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is TWFG INC's return on assets (ROA)?
TWFG INC (TWFG) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is TWFG INC's Altman Z-Score?
TWFG INC (TWFG) has an Altman Z-Score of 2.39, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is TWFG INC's Piotroski F-Score?
TWFG INC (TWFG) has a Piotroski F-Score of 6 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 TWFG INC's earnings high quality?
TWFG INC (TWFG) has an earnings quality ratio of 14.75x, 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 TWFG INC cover its interest payments?
TWFG INC (TWFG) has an interest coverage ratio of 12.7x, 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 TWFG INC?
TWFG INC (TWFG) scores 76 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.