Heritage Insurance Holdings, In (HRTG) Stock Fundamentals, Analysis & Risk Signals

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

Heritage Insurance Holdings, In

NYSE•Financial Services•Insurance - Property & Casualty

$33.95-0.99(-0.03%)Market closed

Market Cap

$1.05B

P/E

4.9x

P/S

1.2x

P/B

1.9x

Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. It offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; and commercial residential property insurance in Florida, Hawaii, New Jersey, and New York. The company also provides homeowners insurance, condo insurance, dwelling fire, equipment coverage, and artisan contractor program. It offers insurance products through a network of independent agents. The company was founded in 2012 and is headquartered in Tampa, Florida.

How this company scores

GoodMetricSide Score: 79/100

Strongest: Profitability (25/25); weakest: Cash & Earnings Quality (14/25).

Profitability25/25

Growth19/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality14/25

Strengths

Strong marginsHigh ROERising earningsLow leverage

Valuation vs. 5-year range

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

P/E · 4.9x5y range 4.0x – 14.8x

Currently near its 12-quarter median.

P/S · 1.2x5y range 0.4x – 1.2x

Currently above its 20-quarter median.

P/B · 1.9x5y range 1.0x – 3.3x

Watch items

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

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.2x) — earnings may be inflated by non-cash items or aggressive accounting.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $1.05B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $854.63M
Q. Revenue: $214.19M
TTM EBITDA: $301.61M
TTM Op. Income: $294.51M
Q. Op. Income: $83.85M
TTM Net Income: $215.29M
Q. Net Income: $61.71M
EPS: $2.06
Shares Out.: $30.02M

$854.63M in TTM revenue grew 1.5% YoY, reaching $214.19M last quarter. TTM EBITDA of $301.61M and TTM operating income of $294.51M show growth is flowing through to the bottom line. TTM net income of $215.29M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 39.8%
Op. Margin: 39.1%
Net Margin: 28.8%

Op. margin of 39.1% is up 8.0% YoY — cost efficiency is improving. Net margin at 28.8% Over the past year, operating margin is up 26% — an improving trend.

Price Ratios

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

P/E Ratio: 4.9x
P/S Ratio: 1.2x
P/B Ratio: 1.9x

At 4.9x P/E, the stock trades below typical market levels. P/S of 1.2x and P/B of 1.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 32% — a weakening trend.

Assets & Liabilities

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

Total Assets: $2.45B
Cash: $587.60M
Long-Term Debt: $71.29M
Book Value: $567.73M
D/E Ratio: 0.1
Debt/EBITDA: 0.8

With $2.45B in assets and $71.29M in long-term debt, D/E is 0.1and book value is $567.73M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $141.69M
TTM Free Cash Flow: $297.75M
FCF Margin: 34.8%
FCF / Net Income: 1.4

TTM FCF of $297.75M on $141.69M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.