HRTG Financials Heritage Insurance Holdings, Inc.

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:15 UTC Overview →

Growth & profitability

Revenue has grown 7.4% per year over the past 5 years.
Net income has grown faster than revenue (83.8% vs 7.4% per year).
Operating margin has expanded, at 31.5% in the latest year.
Free cash flow has grown 0.5% per year over the past 5 years.

Financial health

The company holds more cash ($559M) than total debt ($78M).
Total debt has grown slower than revenue (-8.3% vs 7.4% per year).
Operating income covered interest expense 34× in the latest year.
Total debt is 0.3× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$847M	$196M	0.0%	31.5%	38.7%	8.9%	$174M	$78M	$559M
2024	$817M	$62M	0.0%	11.5%	21.2%	2.5%	$79M	$116M	$453M
2023	$735M	$45M	0.0%	8.6%	20.6%	2.1%	$61M	$120M	$464M
2022	$662M	-$154M	0.0%	-23.8%	-117.8%	-6.5%	-$43M	$129M	$281M
2021	$632M	-$75M	0.0%	-10.8%	-21.8%	-3.8%	$59M	$121M	$359M
2020	$593M	$9M	0.0%	1.7%	2.1%	0.4%	$169M	$121M	$441M
2019	$511M	$29M	0.0%	9.7%	6.4%	1.5%	$115M	$129M	$268M
2018	$480M	$27M	0.0%	14.5%	6.4%	1.5%	$94M	$149M	$250M
2017	$407M	-$1M	0.0%	12.2%	-0.3%	-0.1%	$7M	$184M	$154M
2016	$439M	$34M	0.0%	12.9%	9.5%	3.3%	$81M	$73M	$106M
2015	$395M	$93M	0.0%	38.1%	25.9%	11.0%	—	—	$236M
2014	$234M	$47M	0.0%	31.8%	18.5%	7.7%	—	—	$160M
2013	$125M	$34M	0.0%	0.0%	42.8%	12.1%	—	—	$65M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$214M	$62M	0.0%	39.1%	10.9%	2.5%	$141M	$71M	$588M
Mar '26	$213M	$36M	0.0%	23.9%	7.0%	1.8%	$23M	$78M	$517M
Dec '25	$215M	$67M	0.0%	41.6%	13.2%	3.0%	$11M	$78M	$559M
Sep '25	$212M	$50M	0.0%	33.0%	11.5%	2.1%	$123M	$79M	$560M
Jun '25	$208M	$48M	0.0%	31.2%	12.5%	1.9%	$42M	$92M	$473M
Mar '25	$212M	$30M	0.0%	20.1%	9.3%	1.4%	-$1M	$95M	$426M
Dec '24	$210M	$20M	0.0%	15.0%	7.0%	0.8%	-$59M	$116M	$453M
Sep '24	$212M	$8M	0.0%	5.5%	2.9%	0.3%	-$16M	$119M	$510M
Jun '24	$204M	$19M	0.0%	13.6%	7.4%	0.7%	$150M	$121M	$481M
Mar '24	$191M	$14M	0.0%	11.9%	6.1%	0.7%	$4M	$123M	$386M
Dec '23	$187M	$31M	0.0%	19.3%	14.0%	1.5%	$98M	$120M	$464M
Sep '23	$186M	-$7M	0.0%	-5.1%	-4.9%	-0.3%	-$56M	$122M	$229M
Jun '23	$185M	$8M	0.0%	8.8%	4.8%	0.3%	$5M	$124M	$247M
Mar '23	$177M	$14M	0.0%	11.4%	9.1%	0.6%	$13M	$127M	$330M
Dec '22	$175M	$13M	0.0%	8.5%	9.5%	0.5%	-$22M	$129M	$281M
Sep '22	$165M	-$48M	0.0%	-28.6%	-41.0%	-1.9%	$29M	$121M	$298M
Jun '22	$164M	-$88M	0.0%	-52.2%	-48.7%	-4.3%	-$10M	$123M	$291M
Mar '22	$159M	-$31M	0.0%	-24.8%	-10.9%	-1.7%	-$39M	$124M	$286M
Dec '21	$167M	-$49M	0.0%	-25.7%	-14.3%	-2.5%	-$13M	$121M	$359M
Sep '21	$167M	-$16M	0.0%	-9.2%	-4.1%	-0.7%	-$32M	$121M	$393M

Valuation over time

How the market has priced HRTG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 4.0× (Jan '24) to 5.5× (Nov '26).
The price-to-sales ratio has risen from 0.1× (Mar '23) to 1.3× (Nov '26).
The dividend yield has fallen from 5.2% (Mar '23) to 0.0% (Nov '24).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is HRTG growing its revenue and profit?

Over the past 5 years, Heritage Insurance Holdings, Inc.'s revenue has grown 7.4% per year, and net income grown 83.8% per year. These are computed facts, not advice.

How much debt does HRTG have?

As of FY2025, Heritage Insurance Holdings, Inc. reported $78M of total debt against $559M of cash; operating income covered interest expense 34×.

What is HRTG's profit margin?

In FY2025, gross margin was —, operating margin 31.5%, and net margin 23.1%.

What is HRTG's P/E ratio?

Heritage Insurance Holdings, Inc.'s P/E (TTM) is 4.97 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the HRTG stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 5.5× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.