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 41 d ago 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 5.3× (Sep '26).
The price-to-sales ratio has risen from 0.1× (Mar '23) to 1.2× (Sep '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?

As of Sep '26, Heritage Insurance Holdings, Inc. traded at a price-to-earnings ratio of about 5.3× (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.