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TWFG, Inc.

TWFG Clue Score81
United States Fiscal year ends December CIK 0002007596
$24.76 -2.98% Close, 9 Oct 2026
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Price $24.76 −7.96% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 18 Jul 2024. 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 2022Revenue153.9Operating income23.7Net income0.0Fiscal year 2023Revenue172.0 +11.8%Operating income25.4Net income0.0Fiscal year 2024Revenue203.8 +18.4%Operating income27.9Net income2.7EPS, diluted0.19Fiscal year 2025Revenue248.5 +22.0%Operating income37.0Net income41.2 +1,399.7%EPS, diluted0.53 +178.9%
FY2022FY2023FY2024FY2025
Revenue 153.9 172.0 203.8 248.5
Growth +11.8% +18.4% +22.0%
Operating income 23.7 25.4 27.9 37.0
Net income 0.0 0.0 2.7 41.2
Growth +1,399.7%
EPS, diluted n/a n/a 0.19 0.53
Growth +178.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2022Operating margin15.4%Net margin0.0%Free cash flow margin16.7%Fiscal year 2023Operating margin14.8%Net margin0.0%Free cash flow margin17.4%Fiscal year 2024Operating margin13.7%Net margin1.3%Free cash flow margin18.3%Fiscal year 2025Operating margin14.9%Net margin16.6%Free cash flow margin21.4%
FY2022FY2023FY2024FY2025
Operating margin 15.4% 14.8% 13.7% 14.9%
Net margin 0.0% 0.0% 1.3% 16.6%
Free cash flow margin 16.7% 17.4% 18.3% 21.4%

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 2022Operating cash flow25.8Capital expenditure−0.1Free cash flow25.6Fiscal year 2023Operating cash flow30.2Capital expenditure−0.3Free cash flow29.9 +16.6%Fiscal year 2024Operating cash flow40.5Capital expenditure−3.2Free cash flow37.3 +24.7%Fiscal year 2025Operating cash flow53.5Capital expenditure−0.4Free cash flow53.1 +42.6%
FY2022FY2023FY2024FY2025
Operating cash flow 25.8 30.2 40.5 53.5
Capital expenditure −0.1 −0.3 −3.2 −0.4
Free cash flow 25.6 29.9 37.3 53.1
Growth +16.6% +24.7% +42.6%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash22.3Fiscal year 2023Cash39.3Total debt50.7Net cash (debt)−11.4Shareholders’ equity31.1Debt to equity1.63Fiscal year 2024Cash195.8Total debt5.9Net cash (debt)189.9Shareholders’ equity73.9Debt to equity0.08Fiscal year 2025Cash155.9Total debt4.0Net cash (debt)151.9Shareholders’ equity83.4Debt to equity0.05
FY2022FY2023FY2024FY2025
Cash 22.3 39.3 195.8 155.9
Total debt n/a 50.7 5.9 4.0
Net cash (debt) n/a −11.4 189.9 151.9
Shareholders’ equity n/a 31.1 73.9 83.4
Debt to equity n/a 1.63 0.08 0.05

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 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
15.4% 14.8% 13.7% 14.9%
15.2% 14.7% 14.8% 17.9%
0.0% 0.0% 1.3% 16.6%
16.7% 17.4% 18.3% 21.4%
Spending
0.1% 0.2% 1.6% 0.1%
0.0% 0.0% 5.0% 7.4%
Returns
n/a 0.0% 3.7% 49.4%
n/a 0.0% 0.8% 11.1%
Balance and payout
n/a 1.63 0.08 0.05
n/a 73.1% 14.9% 15.0%