PLMRNasdaqFire, Marine & Casualty InsuranceFiscal year ends December 31
Palomar Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$137.83−1.76 (-1.26%)
Close on Oct 19, 2026
- Market cap
- $3.73B
- P/E (TTM)
- 18.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2016 to 2025
Net margin
22.5%+18.8 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 | +58.2% | +38.9% | +39.1% | – | |
| Net income | +67.6% | +55.7% | +99.4% | – | |
| EPS, diluted | +60.0% | +52.5% | +97.3% | – | |
| Free cash flow | +56.8% | +34.2% | +48.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 2.1% | 23.6% | |
| Return on assets | – | 1.1% | 7.4% | |
| Capex to revenue | – | 0.1% | 0.0% | |
| Diluted shares | – | 26M | 27M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Palomar generated $1.04B from operations and spent $110.54M on capital expenditure, dividends and share buybacks. 1% of that went back into the business.
Generated
$1.04B
Used
$110.54M
Capital expenditure$726.00K1%Dividends$00%Share buybacks$109.82M99%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin22.5%
×Asset turnover0.33×
×Equity multiplier3.18×
=Return on equity, FY202523.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 22.5% | 0.33× | 3.18× | 23.6% |
| FY2024 | 21.2% | 0.28× | 3.31× | 19.6% |
| FY2023 | 21.1% | 0.25× | 3.52× | 18.5% |
| FY2022 | 15.9% | 0.29× | 2.87× | 13.4% |
| FY2021 | 18.5% | 0.30× | 2.18× | 12.1% |
| FY2020 | 3.7% | 0.30× | 1.93× | 2.1% |
| FY2019 | 9.4% | 0.36× | 1.99× | 6.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$197.07M
- Cash generatingOperating cash flow above zero$409.12M
- Return on assets improvedROA up on the prior year6.9% → 8.7%
- Earnings backed by cashOperating cash flow above net income$409.12M vs $197.07M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise26M → 27M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.32 → 0.39