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Hagerty, Inc.

HGTYFinancial ServicesNASDAQ

Insurance - Property & Casualty · Last scanned Jun 1, 2026

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Financials · Annual
Revenue
$1.46B
+18.1% YoY
Net Income
$49.0M
+188.1% YoY
Free Cash Flow
$345.3M

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About Hagerty, Inc.

Hagerty, Inc. provides insurance services for collector cars and enthusiast vehicles in the United States, Canada, and the United Kingdom. The $3.51B market capitalization puts HGTY squarely in mid-cap range for its industry. It operates through Insurance and Marketplace segments.

Key stats
Market Cap$3.51B
P/E (TTM)42.58
Fwd P/E18.13
EPS$0.24
Beta0.83
52W Change+3.6%
ROE15.0%
Analysis

Hagerty, Inc. holds $933.3M in cash against $235.3M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow comes in at $345.3M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 15.0% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 6.0% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $829.5M (2022) to $1.46B (2025), reflecting a 76% increase over the period.

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing HGTY.

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