Hagerty (HGTY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Hagerty

NYSE•Financial Services•Insurance - Property & Casualty

$13.90-0.12(-0.01%)Pre-market

Market Cap

$1.43B

P/E

20.5x

P/S

1.0x

P/B

6.7x

Hagerty, Inc. provides insurance services for collector cars and enthusiast vehicles in the United States, Canada, and the United Kingdom. It operates through Insurance and Marketplace segments. The company operates as a managing general agent that underwrites, sells, and services collector car and enthusiast vehicle insurance policies. It also provides Hagerty Drivers Club memberships, which are bundled with insurance policies and give subscribers access to an array of products and services, such as emergency roadside assistance, the Hagerty Drivers Club magazine, special access to automotive enthusiast events, a proprietary vehicle valuation tool, and special vehicle-related discounts; and reinsurance services. In addition, the company offers marketplace services comprising live auctions, online sale platforms, and brokered private sales services where automotive collectors and enthusiasts can buy, sell, and finance collector cars. The company was founded in 1984 and is headquartered in Traverse City, Michigan. Hagerty, Inc. is a subsidiary of Hagerty Holding Corp.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (12/25).

Profitability15/25

Growth12/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowHigh ROECash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.5x5y range 8.4x – 292.1x

Currently above its 12-quarter median.

P/S · 1.0x5y range 0.6x – 2.0x

Currently near its 19-quarter median.

P/B · 6.7x5y range 4.8x – 12.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 16.4% — watch for continued compression, which may signal competitive or cost pressure.

Share Dilution

Red Flag

Shares outstanding increased 13.5% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $1.43B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.43B
Q. Revenue: $354.82M
TTM EBITDA: $127.52M
TTM Op. Income: $88.90M
Q. Op. Income: $2.26M
TTM Net Income: $70.03M
Q. Net Income: $8.04M
EPS: $-0.02
Shares Out.: $101.80M

$1.43B in TTM revenue grew 10.1% YoY, reaching $354.82M last quarter. TTM EBITDA of $127.52M and TTM operating income of $88.90M show growth is flowing through to the bottom line. TTM net income of $70.03M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 3.4%
Op. Margin: 0.6%
Net Margin: 2.3%

Op. margin of 0.6% is down 12.3% YoY — costs are rising relative to revenue. Net margin at 2.3% Over the past year, operating margin is down 95% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.5x
P/S Ratio: 1.0x
P/B Ratio: 6.7x

At 20.5x P/E, the stock trades within typical market levels. P/S of 1.0x and P/B of 6.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.15B
Cash: $298.30M
Long-Term Debt: $215.95M
Book Value: $215.46M
D/E Ratio: 1.0
Debt/EBITDA: 18.0

With $2.15B in assets and $215.95M in long-term debt, D/E is 1.0and book value is $215.46M — moderate leverage. Over the past year, debt/equity is up 13% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $169.90M
TTM Free Cash Flow: $278.49M
FCF Margin: 19.4%
FCF / Net Income: 4.0

TTM FCF of $278.49M on $169.90M in operating cash flow. The FCF / Net Income ratio of 4.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 112% — an improving trend.