4 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 17.3% per year over the past 3 years.
Net income has grown faster than revenue (25.9% vs 17.3% per year).
Operating margin has been roughly flat, at 14.9% in the latest year.
Free cash flow has grown 27.5% per year over the past 3 years.
Financial health
The company holds more cash ($156M) than total debt ($4M).
Total debt has grown slower than revenue (-72.5% vs 17.3% per year).
Operating income covered interest expense 129× in the latest year, up from 60× 3 years ago.
Total debt is 0.1× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
2025
$249M
$41M
0.0%
14.9%
$53M
$4M
$156M
2024
$204M
$29M
0.0%
13.7%
$37M
$10M
$196M
2023
$172M
$26M
0.0%
14.8%
$30M
$53M
$39M
2022
$154M
$21M
0.0%
15.4%
$26M
—
$22M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$73M
$2M
0.0%
17.0%
$22M
$4M
$125M
Dec '25
$70M
—
0.0%
21.1%
$13M
$4M
$156M
Sep '25
$64M
$2M
0.0%
14.1%
$15M
$8M
$151M
Jun '25
$60M
$2M
0.0%
12.2%
$10M
$8M
$160M
Mar '25
$54M
$1M
0.0%
10.6%
$16M
$9M
$196M
Dec '24
$52M
$2M
0.0%
13.8%
$9M
$10M
$196M
Sep '24
$53M
$1M
0.0%
11.3%
$11M
$10M
$191M
Jun '24
$53M
$0
0.0%
14.2%
$7M
$52M
$26M
Mar '24
$46M
$0
0.0%
15.8%
$10M
—
—
Dec '23
$39M
-$21M
0.0%
12.2%
$6M
$53M
$39M
Sep '23
$48M
$8M
0.0%
16.6%
$7M
—
$34M
Jun '23
$45M
$7M
0.0%
16.0%
—
—
$29M
Mar '23
—
$6M
—
—
—
—
—
Valuation over time
How the market has priced TWFG against its own fundamentals since 2024-07 —
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 fallen from 14.4× (Jul '24) to 7.7× (Jun '26).
The price-to-sales ratio has fallen from 2.2× (Jul '24) to 1.3× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is TWFG growing its revenue and profit?
Over the past 3 years, TWFG, Inc.'s revenue has grown 17.3% per year, and net income grown 25.9% per year. These are computed facts, not advice.
How much debt does TWFG have?
As of FY2025, TWFG, Inc. reported $4M of total debt against $156M of cash; operating income covered interest expense 129×.
What is TWFG's profit margin?
In FY2025, gross margin was —, operating margin 14.9%, and net margin 16.6%.
What is TWFG's P/E ratio?
As of Jun '26, TWFG, Inc. traded at a price-to-earnings ratio of about 7.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S 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.