Hagerty, Inc. (HGTY) Key Metrics
HGTY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.26B
- Enterprise value
- $1.44B
- P/E (TTM)
- 139.1 10-yr median 91.6
- Forward P/E
- 24.0
- PEG ratio
- 0.26
- Price / sales
- 3.7 10-yr median 2.6
- Price / book
- 7.1 10-yr median 15.1
- EV / EBITDA
- 24.7 10-yr median 25.0
- Dividend yield
- —
- Beta
- 0.83
HGTY key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHGTY valuation Price multiples at each fiscal year-end price.
HGTY returns How much profit the business earns on the capital it uses.
HGTY per-share figures Results divided by the shares outstanding at year-end.
HGTY financial health Debt, liquidity and how easily interest is covered.
HGTY efficiency & capital use Working capital cycle and where the cash goes.
HGTY valuation history
HGTY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HGTY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HGTY cash returned to shareholders
HGTY price vs earnings per share
HGTY key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $4.66B | $854.1M | $2.65B | $2.83B | $1.17B | — | — | — |
| Enterprise value | $4.60B | $819.3M | $2.17B | $2.57B | $689.9M | — | — | — |
| P/E ratio | 95.1 | 50.2 | 131.2 | 88.1 | — | — | — | — |
| Price / sales | 3.2 | 0.7 | 2.6 | 3.4 | 2.0 | — | — | — |
| Price / book | 15.1 | 3.6 | 15.1 | 47.7 | — | — | — | — |
| Price / free cash flow | 24.0 | 5.5 | 22.4 | 258.1 | — | — | — | — |
| Price / operating cash flow | 21.3 | 4.8 | 18.3 | 51.1 | 27.6 | — | — | — |
| EV / sales | 3.2 | 0.7 | 2.1 | 3.1 | 1.2 | — | — | — |
| EV / EBITDA | 26.0 | 6.2 | 23.9 | 57.0 | — | — | — | — |
| EV / free cash flow | 23.6 | 5.3 | 18.3 | 234.2 | — | — | — | — |
| Earnings yield | 1.1% | 2.0% | 0.8% | 1.1% | −4.0% | — | — | — |
| Free cash flow yield | 4.2% | 18.2% | 4.5% | 0.4% | −0.1% | — | — | — |
| Dividend yield | 0.1% | 0.7% | 0.9% | 0.0% | 0.3% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.2% | 1.3% | 0.9% | 0.0% | 0.3% | — | — | — |
| Share price at fiscal year-end | $13.44 | $9.65 | $7.80 | $8.41 | $14.18 | — | — | — |
| Per share | ||||||||
| Revenue per share | $4.20 | $13.46 | $2.97 | $2.47 | $7.00 | — | $1.21 | $0.92 |
| Earnings per share | $0.14 | $0.19 | $0.06 | $0.10 | −$0.56 | — | $0.01 | $0.03 |
| Operating cash flow per share | $0.63 | $2.00 | $0.43 | $0.16 | $0.51 | — | $0.15 | $0.14 |
| Free cash flow per share | $0.56 | $1.76 | $0.35 | $0.03 | −$0.01 | — | $0.12 | $0.12 |
| Cash per share | $0.86 | $2.63 | $2.13 | $1.60 | $7.34 | — | $0.07 | — |
| Book value per share | $0.89 | $2.66 | $0.52 | $0.18 | −$3.93 | — | $0.34 | — |
| Tangible book value per share | $0.30 | $0.35 | −$0.09 | −$0.48 | −$5.00 | — | $0.27 | — |
| Dividends per share | $0.02 | $0.06 | $0.07 | $0.00 | $0.05 | — | $0.01 | $0.01 |
| Capex per share | $0.07 | $0.24 | $0.08 | $0.13 | $0.53 | — | $0.03 | $0.02 |
| Debt per share | $0.67 | $2.24 | $0.70 | $0.83 | $1.54 | — | $0.16 | — |
| Shares outstanding | 347.0M | 88.5M | 340.3M | 336.1M | 82.3M | — | 329.3M | 329.3M |
| Change in shares outstanding | +292.0% | −74.0% | +1.2% | +308.3% | — | — | 0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 18.1% | 8.3% | 17.2% | — | — | 8.9% | 3.8% | — |
| Return on invested capital (ROIC) | 63.0% | — | — | — | — | — | 3.9% | — |
| Return on assets (ROA) | 2.6% | 1.1% | 1.4% | 2.8% | −5.7% | 2.0% | 0.9% | — |
| Return on tangible assets | 2.6% | 1.2% | 1.5% | 3.0% | −5.0% | 1.9% | 1.0% | — |
| Free cash flow margin | 13.4% | 13.1% | 11.7% | 1.3% | −0.2% | 9.3% | 10.2% | 12.7% |
| Income quality (OCF / net income) | 4.47 | 10.40 | 7.16 | 1.72 | — | 8.32 | 11.91 | 5.45 |
| Financial health | ||||||||
| Total debt | $232.6M | $198.0M | $238.1M | $277.4M | $126.4M | $69.0M | $52.2M | — |
| Cash & short-term investments | $299.0M | $232.8M | $724.3M | $539.2M | $604.0M | $299.1M | $21.8M | — |
| Net debt | −$66.4M | −$34.8M | −$486.2M | −$261.8M | −$477.5M | −$230.1M | $30.4M | — |
| Debt / equity | 0.76 | 0.84 | 1.36 | 4.68 | — | 0.59 | 0.47 | — |
| Debt / assets | 0.11 | 0.12 | 0.15 | 0.22 | 0.12 | 0.12 | 0.12 | — |
| Net debt / EBITDA | −0.38 | −0.26 | −5.37 | −5.82 | — | −8.63 | 1.54 | — |
| Current ratio | — | 0.44 | 1.12 | 1.05 | 81.12 | 1.06 | 1.31 | — |
| Quick ratio | — | 0.44 | 2.06 | 1.35 | 144.22 | 1.37 | 1.61 | — |
| Interest coverage | 16.0 | 2.6 | 11.0 | 5.5 | -27.4 | 17.3 | 17.8 | — |
| Working capital | — | −$508.4M | $98.6M | $32.7M | $727.8M | $21.5M | $92.8M | — |
| Invested capital | $241.5M | $200.2M | −$310.6M | −$202.6M | −$801.3M | −$112.9M | $140.9M | — |
| Tangible asset value | $543.9M | $283.8M | $287.2M | $148.3M | $183.1M | $66.0M | $89.4M | — |
| Net current asset value | −$801.3M | −$778.8M | −$123.5M | −$220.5M | −$15.7M | −$73.9M | $55.3M | — |
| Graham number | $1.68 | $3.39 | $0.83 | $0.62 | — | — | $0.31 | — |
| Graham net-net per share | −$2.47 | −$9.29 | −$1.69 | −$1.07 | −$4.08 | — | −$0.83 | — |
| Capital allocation | ||||||||
| Dividends paid | $5.6M | $5.6M | $24.0M | $0 | $4.1M | $4.0M | $4.0M | $4.0M |
| Share buybacks (net) | $5.6M | $5.6M | $0 | $0 | — | — | — | — |
| Dividend payout ratio | 11.4% | 32.9% | 118.6% | 0.0% | — | 39.3% | 95.1% | 47.2% |
| Dividends + buybacks / free cash flow | 5.8% | 7.2% | 20.2% | 0.0% | — | 8.6% | 9.8% | 10.5% |
| Capex / revenue | 1.7% | 1.8% | 2.6% | 5.3% | 7.5% | 7.7% | 2.4% | 2.6% |
| Capex / operating cash flow | 11.2% | 12.1% | 18.2% | 80.2% | 102.6% | 45.2% | 18.8% | 17.1% |
| Capex / depreciation | 0.65 | 0.55 | 0.58 | 1.31 | 1.96 | 3.24 | 1.05 | 1.02 |
| Stock-based compensation / revenue | 1.3% | 1.5% | 1.8% | 1.5% | 7.8% | 0.5% | −0.0% | — |
| R&D / revenue | — | — | — | — | — | — | 0.9% | — |
| SG&A / revenue | 42.3% | 41.5% | 45.3% | 51.8% | 59.7% | 55.0% | 59.8% | 65.6% |
| Efficiency | ||||||||
| Days sales outstanding | 50.0 | 59.9 | 68.1 | 64.6 | 76.0 | 78.9 | 100.0 | — |
| Days of inventory on hand | — | — | -822.2 | -376.9 | -481.3 | -419.4 | -180.9 | — |
| Days payables outstanding | 140.9 | 119.5 | 128.5 | 37.7 | 48.4 | 215.2 | 95.3 | — |
| Cash conversion cycle (days) | -90.9 | -59.6 | -882.6 | -350.0 | -453.8 | -555.7 | -176.2 | — |
| Receivables turnover | 7.30 | 6.10 | 5.36 | 5.65 | 4.80 | 4.63 | 3.65 | — |
| Payables turnover | 2.59 | 3.05 | 2.84 | 9.67 | 7.54 | 1.70 | 3.83 | — |
| Asset turnover | 0.78 | 0.74 | 0.71 | 0.72 | 0.71 | 0.96 | 0.90 | — |
| Average receivables | $199.5M | $195.4M | $188.7M | $146.9M | $120.0M | $108.0M | $108.8M | — |
| Average payables | $110.1M | $97.8M | $77.7M | $38.6M | $34.9M | $53.7M | $46.6M | — |
| Average inventory | — | — | −$497.0M | −$385.8M | −$346.9M | −$104.6M | −$88.6M | — |
| Intangibles / total assets | 9.8% | 12.2% | 13.2% | 17.0% | 8.6% | 8.6% | 4.8% | — |
Computed from HGTY's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HGTY valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Hagerty traded at 95.1 times earnings, against a 8-year median of 91.6. Based on the latest twelve months, the trailing P/E is 139.1 and the forward P/E is 24.0. Hagerty earned a return on equity of 18.1% and a return on invested capital of 63.0% in fiscal 2025. It ended the year with $232.6 million of debt and $299.0 million in cash and short-term investments, a net cash position of $66.4 million. It returned $11.2 million to shareholders: $5.6 million in dividends and $5.6 million in share buybacks, 6% of free cash flow. The share count rose 5.4% from 329.3M to 347.0M over 7 years.
See the HGTY income statement, the HGTY chart for price history, or the HGTY stock overview for the latest quote and news.
HGTY key metrics FAQ
What is Hagerty's P/E ratio?
Hagerty's trailing P/E ratio is 139.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 24.0. At the end of fiscal 2025 it was 95.1, compared with a 8-year median of 91.6.
What is Hagerty's EV/EBITDA?
Hagerty's enterprise value was 26.0 times EBITDA at the end of fiscal 2025 (enterprise value $4.6 billion, EBITDA $176.7 million); the current EV/EBITDA is 24.7.
What is Hagerty's return on equity?
Hagerty's return on equity (ROE) was 18.1% in fiscal 2025: net income of $49.0 million on average shareholders' equity of $271.5 million.
What is Hagerty's ROIC?
Hagerty's return on invested capital was 63.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Hagerty have?
Hagerty had total debt of $232.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.76 and more cash than debt.
What is Hagerty's dividend yield?
Hagerty paid $5.6 million in dividends in fiscal 2025 ($0.02 per share), a payout ratio of 11.4%.
Does Hagerty buy back its shares?
Yes. Hagerty spent $5.6 million on net share repurchases in fiscal 2025 Shares outstanding changed +292.0% over the year, to 347.0M..
What is Hagerty's free cash flow yield?
Hagerty generated $194.5 million of free cash flow in fiscal 2025, a free cash flow yield of 4.2% on its market value at year-end ($4.7 billion).