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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 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
-$154M $346M $847M $0 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-24% 7% 38% 0% 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$43M $66M $174M $0 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $280M $559M 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$249M -$34M $182M $0 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $847M $196M 0.0% 31.5% $174M $78M $559M
2024 $817M $62M 0.0% 11.5% $79M $116M $453M
2023 $735M $45M 0.0% 8.6% $61M $120M $464M
2022 $662M -$154M 0.0% -23.8% -$43M $129M $281M
2021 $632M -$75M 0.0% -10.8% $59M $121M $359M
2020 $593M $9M 0.0% 1.7% $169M $121M $441M
2019 $511M $29M 0.0% 9.7% $115M $129M $268M
2018 $480M $27M 0.0% 14.5% $94M $149M $250M
2017 $407M -$1M 0.0% 12.2% $7M $184M $154M
2016 $439M $34M 0.0% 12.9% $81M $73M $106M
2015 $395M $93M 0.0% 38.1% — — $236M
2014 $234M $47M 0.0% 31.8% — — $160M
2013 $125M $34M 0.0% 0.0% — — $65M

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.

Price / earnings (P/E)
0.0 7.2 14.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.5 1.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.5 5.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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?

As of Jun '26, Heritage Insurance Holdings, Inc. traded at a price-to-earnings ratio of about 3.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.