HRTGNYSEFire, Marine & Casualty Insurance
Heritage Insurance Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$35.93+0.16 (+0.45%)
Close on Oct 19, 2026
- Market cap
- $1.08B
- P/E (TTM)
- 5.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2025
Operating margin
31.5%+29.8 pts over 5 years
Net margin
23.1%+21.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.7% | +8.6% | +7.4% | +7.9% | |
| Operating income | +185.4% | – | +92.2% | +5.9% | |
| Net income | +217.8% | – | +83.8% | +7.8% | |
| EPS, diluted | +214.4% | – | +80.5% | +7.6% | |
| Free cash flow | +120.8% | – | +0.5% | +1.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.5% | 2.1% | 49.1% | |
| Return on assets | 3.6% | 0.5% | 8.4% | |
| Interest coverage | 156.8× | 1.3× | 33.9× | |
| Capex to revenue | 0.4% | 0.1% | 1.0% | |
| Diluted shares | 30M | 28M | 31M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Heritage Insurance generated $434.14M from operations and spent $65.07M on capital expenditure, dividends and share buybacks. 55% of that went back into the business.
Generated
$434.14M
Used
$65.07M
Capital expenditure$35.76M55%Dividends$11.49M18%Share buybacks$17.82M27%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin23.1%
×Asset turnover0.36×
×Equity multiplier5.86×
=Return on equity, FY202549.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 23.1% | 0.36× | 5.86× | 49.1% |
| FY2024 | 7.5% | 0.36× | 8.98× | 24.1% |
| FY2023 | 6.2% | 0.33× | 12.84× | 25.8% |
| FY2022 | -23.3% | 0.30× | 9.22× | -65.1% |
| FY2021 | -11.8% | 0.31× | 5.18× | -19.0% |
| FY2020 | 1.6% | 0.29× | 4.52× | 2.1% |
| FY2019 | 5.6% | 0.28× | 4.24× | 6.6% |
| FY2018 | 5.7% | 0.27× | 4.40× | 6.7% |
| FY2017 | -0.3% | 0.29× | 3.80× | -0.3% |
| FY2016 | 7.7% | 0.47× | 2.62× | 9.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$195.59M
- Cash generatingOperating cash flow above zero$182.24M
- Return on assets improvedROA up on the prior year2.9% → 7.9%
- Earnings backed by cashOperating cash flow above net income$182.24M vs $195.59M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise31M → 31M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.39 → 0.34