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Hagerty, Inc.

HGTY Clue Score80
United States Fiscal year ends December CIK 0001840776
$14.21 +0.07% Close, 9 Oct 2026
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Price $14.21 +41.89% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 1 Jun 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue279.0Operating income15.8Net income10.2EPS, diluted101.66Fiscal year 2021Revenue323.3 +15.8%Operating income−10.1Net income−46.4 −556.0%EPS, diluted−0.56Fiscal year 2022Revenue383.7 +18.7%Operating income−67.6Net income32.1Fiscal year 2023Revenue464.3 +21.0%Operating income10.4Fiscal year 2024Revenue548.6 +18.2%Operating income66.4Fiscal year 2025Revenue677.6 +23.5%
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 279.0 323.3 383.7 464.3 548.6 677.6
Growth +15.8% +18.7% +21.0% +18.2% +23.5%
Operating income 15.8 −10.1 −67.6 10.4 66.4 n/a
Net income 10.2 −46.4 32.1 n/a n/a n/a
Growth −556.0%
EPS, diluted 101.66 −0.56 n/a n/a n/a n/a

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2020Operating margin5.7%Net margin3.6%Free cash flow margin16.6%Fiscal year 2021Operating margin−3.1%Net margin−14.3%Free cash flow margin−0.3%Fiscal year 2022Operating margin−17.6%Net margin8.4%Free cash flow margin2.9%Fiscal year 2023Operating margin2.2%Free cash flow margin23.1%Fiscal year 2024Operating margin12.1%Free cash flow margin28.4%Fiscal year 2025Free cash flow margin28.7%
FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 5.7% −3.1% −17.6% 2.2% 12.1% n/a
Net margin 3.6% −14.3% 8.4% n/a n/a n/a
Free cash flow margin 16.6% −0.3% 2.9% 23.1% 28.4% 28.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow84.6Capital expenditure−38.3Free cash flow46.3Fiscal year 2021Operating cash flow42.3Capital expenditure−43.4Free cash flow−1.1 −102.4%Fiscal year 2022Operating cash flow55.3Capital expenditure−44.4Free cash flow11.0Fiscal year 2023Operating cash flow133.7Capital expenditure−26.4Free cash flow107.3 +879.7%Fiscal year 2024Operating cash flow177.0Capital expenditure−21.3Free cash flow155.7 +45.1%Fiscal year 2025Operating cash flow219.0Capital expenditure−24.5Free cash flow194.5 +24.9%
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 84.6 42.3 55.3 133.7 177.0 219.0
Capital expenditure −38.3 −43.4 −44.4 −26.4 −21.3 −24.5
Free cash flow 46.3 −1.1 11.0 107.3 155.7 194.5
Growth −102.4% +879.7% +45.1% +24.9%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash38.1Total debt70.0Net cash (debt)−31.9Shareholders’ equity−0.0Fiscal year 2021Cash275.3Total debt136.5Net cash (debt)138.8Shareholders’ equity−323.8Fiscal year 2022Cash95.2Total debt108.3Net cash (debt)−13.1Shareholders’ equity59.3Debt to equity1.83Fiscal year 2023Cash108.3Total debt134.3Net cash (debt)−26.0Shareholders’ equity92.7Debt to equity1.45Fiscal year 2024Cash104.8Total debt106.6Net cash (debt)−1.8Shareholders’ equity150.3Debt to equity0.71Fiscal year 2025Cash160.2Total debt177.9Net cash (debt)−17.7Shareholders’ equity221.3Debt to equity0.80
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 38.1 275.3 95.2 108.3 104.8 160.2
Total debt 70.0 136.5 108.3 134.3 106.6 177.9
Net cash (debt) −31.9 138.8 −13.1 −26.0 −1.8 −17.7
Shareholders’ equity −0.0 −323.8 59.3 92.7 150.3 221.3
Debt to equity n/a n/a 1.83 1.45 0.71 0.80

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
5.7% −3.1% −17.6% 2.2% 12.1% n/a
5.3% −16.9% 2.9% 9.6% 17.1% 20.5%
3.6% −14.3% 8.4% n/a n/a n/a
16.6% −0.3% 2.9% 23.1% 28.4% 28.7%
Spending
18.3% 20.0% 23.2% 18.4% 15.0% 13.9%
13.7% 13.4% 11.6% 5.7% 3.9% 3.6%
32.4% n/a 63.2% 37.1% 16.4% −7.2%
Returns
n/a n/a 54.1% n/a n/a n/a
1.7% −4.4% 2.4% n/a n/a n/a
Balance and payout
n/a n/a 1.83 1.45 0.71 0.80
80.8% 74.0% 72.0% 68.9% 64.4% 64.3%