Page: Company Financials
Hagerty, Inc.
$12.58
-0.23 (-1.80%)
As of: 2026-01-23
Master Data Export
Enterprise Value
| Metric | MRQ | MRQ-1 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Stock Price | 12.04 | 10.11 | 10.40 | 9.87 | 8.52 | 9.92 | 10.97 | 9.75 |
| Market Capitalization | 1,157.85M | 916.96M | 962.94M | 864.04M | 716.77M | 820.27M | 902.93M | 401.83M |
| (-) Cash & Equivalents | 332.65M | 140.30M | 200.22M | 323.56M | 248.15M | 173.34M | 83.56M | 4.07M |
| (+) Total Debt | 113.63M | 194.29M | 160.82M | 155.25M | 160.31M | 134.28M | 84.75M | 17.25M |
| Enterprise Value | 938.83M | 970.94M | 923.55M | 695.73M | 628.93M | 781.21M | 904.12M | 415.01M |
Income Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,360M | 1,158M | 1,191M | 1,012M | 829M | 577M | 500M | 397M | 302M |
| Cost of Revenue | 433M | 580M | 600M | 472M | 374M | 263M | 0M | 0M | 0M |
| Gross Profit | 927M | 578M | 591M | 539M | 456M | 313M | 500M | 397M | 302M |
| Gross Profit Margin | 68.2% | 49.9% | 49.6% | 53.3% | 55.0% | 54.4% | 100.0% | 100.0% | 100.0% |
| R&D Expenses | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 308M | 479M | 494M | 459M | 429M | 344M | 275M | 238M | 198M |
| Operating Expenses | 806M | 484M | 498M | 495M | 445M | 368M | 484M | 386M | 293M |
| Operating Income (EBIT) | 122M | 93M | 94M | 45M | 11M | -55M | 16M | 11M | 9M |
| Operating Income Margin | 8.9% | 8.1% | 7.9% | 4.4% | 1.3% | -9.5% | 3.2% | 2.7% | 2.9% |
| Interest Income | 8M | 8M | 0M | 23M | 0M | 2M | 1M | 0M | 0M |
| Interest Expense | 0M | 27M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| Net Interest Income | 8M | -18M | 0M | 23M | 0M | 2M | 1M | 0M | 0M |
| Unusual Items | -16M | 18M | 0M | -23M | -2M | -2M | -2M | 1M | 0M |
| EBT Excluding Unusual Items | 130M | 75M | 94M | 68M | 11M | -53M | 17M | 11M | 9M |
| Pre-Tax Income | 113M | 93M | 94M | 45M | 9M | -55M | 15M | 11M | 9M |
| Pre-Tax Margin | 8.3% | 8.1% | 7.9% | 4.4% | 1.1% | -9.5% | 3.0% | 2.9% | 2.8% |
| Income Tax Expense | -16M | 15M | 15M | 17M | 7M | 7M | 5M | 7M | 0M |
| Net Income | 43M | 28M | 17M | 20M | 32M | -46M | 10M | 4M | 8M |
| Net Income Margin | 3.2% | 2.5% | 1.4% | 2.0% | 3.9% | -8.0% | 2.0% | 1.1% | 2.8% |
| Depreciation & Amortization | 37M | 41M | 39M | 46M | 34M | 22M | 12M | 9M | 8M |
| EBITDA | 159M | 134M | 133M | 91M | 45M | -32M | 28M | 20M | 16M |
| EBITDA Margin | 11.7% | 11.6% | 11.1% | 9.0% | 5.4% | -5.6% | 5.5% | 5.0% | 5.4% |
| NOPAT | 139M | 79M | 78M | 28M | 3M | -43M | 11M | 4M | 8M |
| NOPAT Margin | 10.2% | 6.8% | 6.6% | 2.8% | 0.3% | -7.5% | 2.1% | 1.0% | 2.8% |
| Owner's Earnings | 58M | 47M | 35M | 40M | 22M | -68M | -16M | 4M | 8M |
| Owner's Earnings Margin | 4.2% | 4.1% | 2.9% | 3.9% | 2.6% | -11.7% | -3.3% | 0.9% | 2.8% |
| EPS (Basic) | 0.26 | 0.25 | 0.10 | 0.38 | 0.05 | -0.75 | 0.12 | 0.05 | 0.10 |
| EPS (Diluted) | 0.48 | 0.19 | 0.19 | 0.06 | 0.10 | -0.56 | 0.12 | 0.05 | 0.10 |
| Shares (Basic) | 92M | 86M | 88M | 84M | 83M | 82M | 82M | 82M | 82M |
| Shares (Diluted) | 90M | 152M | 89M | 340M | 336M | 82M | 82M | 82M | 82M |
Product Segments
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Commission Revenue And Fee Revenue | 598.92M | 411.36M | 423.24M | 365.51M | 307.24M | 271.57M |
| Marketplace Revenue | 82.66M | 0.00M | 46.36M | 0.00M | 0.00M | 0.00M |
| Membership | 76.28M | 81.01M | 57.55M | 52.46M | 0.00M | 0.00M |
| Membership And Other Revenue | 214.13M | 119.71M | 133.47M | 102.84M | 77.29M | 51.68M |
| Product and Service, Other | 16.52M | 88.78M | 21.61M | 50.38M | 0.00M | 0.00M |
Geographic Segments
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| CANADA | 46.66M | 40.59M | 27.39M | 25.75M | 0.77M | 0.30M |
| Europe | 24.30M | 12.55M | 9.56M | 7.98M | 1.37M | 1.33M |
| UNITED STATES | 726.86M | 688.41M | 511.80M | 434.62M | 29.92M | 9.45M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 332.65M | 140.30M | 104.78M | 108.33M | 95.17M | 275.33M | 38.11M | 21.81M |
| Short-Term Investments | 0.00M | 119.33M | 73.96M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 332.65M | 259.63M | 178.74M | 108.33M | 95.17M | 275.33M | 38.11M | 21.81M |
| Net Receivables | 107.48M | 486.53M | 315.91M | 71.53M | 256.53M | 46.73M | 141.05M | 108.82M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -573.22M | 0.00M | 0.00M |
| Other Current Assets | 774.20M | -746.15M | -494.65M | 1,070.36M | -394.44M | 244.58M | 307.17M | 228.25M |
| Total Current Assets | 1,214.32M | 0.00M | 0.00M | 1,250.22M | -42.74M | -6.58M | 486.33M | 358.88M |
| Property, Plant & Equipment | 42.23M | 59.81M | 62.69M | 71.28M | 107.65M | 28.36M | 25.82M | 16.23M |
| Goodwill | 114.15M | 114.17M | 114.12M | 114.21M | 115.04M | 11.49M | 4.75M | 3.80M |
| Intangible Assets | 88.45M | 86.73M | 90.11M | 91.92M | 104.02M | 76.17M | 46.62M | 17.30M |
| Long-Term Investments | 543.77M | 119.33M | 73.96M | 0.00M | 0.00M | 134.51M | 0.00M | 0.00M |
| Tax Assets | 45.27M | 0.00M | 0.00M | 0.00M | 0.00M | -18.49M | 0.00M | 0.00M |
| Other Non-Current Assets | 103.77M | -380.03M | -340.88M | 60.58M | -326.72M | -116.02M | 20.17M | 17.81M |
| Other Assets | 0.00M | 2,040.58M | 1,709.34M | 0.00M | 1,312.52M | 470.90M | 0.00M | 0.00M |
| Total Non-Current Assets | 937.64M | 2,040.58M | 1,709.34M | 337.99M | 1,312.52M | 586.92M | 97.35M | 55.14M |
| Total Assets | 2,151.96M | 2,040.58M | 1,709.34M | 1,588.21M | 1,269.78M | 580.34M | 583.68M | 414.02M |
| Accounts Payable | 0.00M | 188.40M | 108.35M | 87.18M | 68.17M | 9.08M | 60.71M | 46.65M |
| Short-Term Debt | 73.12M | 128.29M | 79.70M | 0.00M | 105.00M | 0.00M | 0.00M | 26.10M |
| Tax Payables | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Deferred Revenue | 0.00M | 36.60M | 31.91M | 30.32M | 25.26M | 21.72M | 19.54M | 16.96M |
| Other Current Liabilities | 1,143.03M | -466.38M | -395.73M | 522.28M | -399.74M | 403.89M | 187.60M | 118.50M |
| Total Current Liabilities | 1,216.15M | -113.08M | -175.78M | 639.77M | -201.31M | 434.69M | 267.85M | 208.21M |
| Long-Term Debt | 0.00M | 25.09M | 25.27M | 130.68M | 3.28M | 135.50M | 69.00M | 26.10M |
| Capital Lease Obligations | 40.51M | 40.90M | 43.18M | 50.46M | 80.77M | -9.07M | 0.00M | 0.00M |
| Deferred Tax Liabilities | 24.19M | 21.86M | 18.07M | 0.00M | 12.85M | 10.51M | 7.50M | 5.92M |
| Other Non-Current Liabilities | 156.32M | -102.18M | -101.85M | 71.43M | -116.07M | 129.24M | 12.47M | 5.46M |
| Total Non-Current Liabilities | 221.02M | -14.33M | -15.33M | 252.57M | -19.17M | 266.18M | 88.97M | 37.48M |
| Total Liabilities | 1,437.16M | -127.41M | -191.11M | 892.34M | -220.48M | 700.88M | 356.82M | 245.69M |
| Preferred Stock | 84.72M | 0.00M | 0.00M | 82.84M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 0.01M | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M | 62.32M | 112.99M |
| Retained Earnings | -411.79M | -432.63M | -451.98M | -469.00M | -489.60M | -482.28M | 56.83M | 0.00M |
| Accumulated OCI | 1.00M | 0.26M | -1.51M | -0.09M | -0.21M | -1.73M | -1.95M | -2.52M |
| Minority Interest | 418.42M | 405.76M | 373.18M | 317.81M | 308.12M | 594.58M | 0.12M | 0.00M |
| Total Shareholders’ Equity | -326.06M | -432.34M | -453.46M | -386.21M | -489.78M | -483.97M | 117.20M | 110.46M |
| Total Equity | 92.36M | -26.58M | -80.27M | -68.41M | -181.67M | 110.61M | 117.32M | 110.46M |
| Total Liabilities & Equity | 1,529.53M | -154.00M | -271.38M | 823.93M | -402.14M | 811.49M | 474.14M | 356.16M |
| Tangible Assets | 1,949.35M | 1,839.68M | 1,505.11M | 1,382.07M | 1,050.72M | 492.68M | 532.32M | 392.92M |
| Tangible Equity | -110.24M | -227.48M | -284.50M | -274.55M | -400.73M | 22.95M | 65.96M | 89.36M |
| Tangible Book Value | -110.24M | -227.48M | -284.50M | -274.55M | -400.73M | 22.95M | 65.96M | 89.36M |
| Total Investments | 543.77M | 601.57M | 589.53M | 0.00M | 12.99M | 134.51M | 0.00M | 0.00M |
| Net Debt | -259.53M | 13.08M | 0.18M | 22.35M | 13.11M | -139.83M | 30.89M | 30.39M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Working Capital | -1.8M | 0.0M | 0.0M | 407.9M | 0.0M | 445.9M | 128.6M | 92.8M |
| Total Capital | 410.0M | 366.6M | 298.5M | 356.7M | 255.9M | -188.3M | 186.2M | 162.7M |
| Capital Employed | 935.8M | 2,040.6M | 1,709.3M | 745.9M | 1,312.5M | 1,032.8M | 226.0M | 147.9M |
| Invested Capital | 77.3M | 226.3M | 193.7M | 248.4M | 160.7M | -463.6M | 148.1M | 140.9M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | 129.11M | 78.91M | 78.30M | 20.23M | 2.40M | -61.35M | 10.04M | 4.21M | 8.47M |
| Depreciation & Amortization | 34.57M | 40.67M | 35.52M | 45.81M | 33.89M | 22.14M | 11.80M | 8.95M | 7.75M |
| Deferred Income Tax | -34.26M | 0.72M | 2.93M | 2.92M | 2.97M | 3.04M | 1.48M | 5.92M | 0.00M |
| Stock-Based Compensation | 18.97M | 17.88M | 17.36M | 18.02M | 12.13M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in Working Capital | -51.11M | 42.55M | 22.74M | 34.23M | 58.47M | 33.33M | 57.85M | 30.53M | 29.79M |
| Accounts Receivable | -69.69M | 9.06M | 26.50M | -69.88M | -49.46M | -39.12M | -33.04M | -27.24M | -14.27M |
| Inventory | 0.00M | 0.00M | 0.00M | 113.80M | 0.00M | 0.00M | 0.00M | 49.00M | 10.73M |
| Accounts Payable | -16.26M | -11.63M | 0.00M | 11.51M | 21.26M | 8.88M | 13.96M | 5.61M | 4.26M |
| Other Working Capital | 34.85M | 45.12M | -3.76M | -21.20M | 86.67M | 63.57M | 76.92M | 3.16M | 29.07M |
| Other Non-Cash Items | 79.99M | 10.40M | 20.17M | 12.50M | -54.54M | 45.12M | 3.41M | 0.62M | 0.13M |
| Net Cash from Operating Activities | 177.27M | 191.13M | 177.02M | 133.71M | 55.33M | 42.28M | 84.57M | 50.09M | 46.15M |
| Capital Expenditures (PPE) | -22.57M | -22.13M | -21.34M | -26.40M | -44.38M | -43.37M | -38.26M | -9.40M | -7.89M |
| Acquisitions (Net) | -3.38M | -23.86M | -25.12M | -8.68M | -30.65M | -14.61M | -8.88M | -11.25M | 0.00M |
| Purchases of Investments | -337.39M | -579.73M | -680.31M | -10.57M | -4.23M | -12.25M | 0.00M | 0.00M | 0.00M |
| Sales / Maturities of Investments | 125.01M | 80.36M | 113.22M | 7.47M | 1.22M | 1.18M | 0.00M | 0.00M | 0.00M |
| Other Investing Activities | 59.45M | -35.32M | -5.00M | -14.46M | -13.47M | 0.05M | -0.26M | -0.41M | -0.50M |
| Net Cash from Investing Activities | -178.88M | -580.68M | -618.56M | -52.65M | -91.52M | -68.99M | -47.39M | -21.06M | -8.39M |
| Net Debt Issuance | 51.71M | 43.72M | -28.80M | 21.70M | -28.13M | 65.54M | 43.90M | -48.85M | 10.00M |
| Long-Term Debt Issuance | 51.71M | 43.72M | -28.80M | 21.70M | -28.13M | 65.54M | 43.90M | -48.85M | 10.00M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | -8.01M | 0.00M | -5.84M | 79.16M | 0.00M | 0.00M | 0.00M | 89.09M | 0.00M |
| Common Stock Issuance | 0.00M | 0.00M | 0.00M | 79.16M | 0.00M | 0.00M | 0.00M | 89.09M | 0.00M |
| Common Stock Repurchased | -2.41M | 0.00M | -5.84M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Stock Issuance | -5.60M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | -5.60M | 0.00M | -5.60M | 0.00M | 0.00M | -4.06M | -4.00M | 0.00M | 0.00M |
| Common Dividends Paid | -5.60M | 0.00M | -5.60M | 0.00M | 0.00M | -4.06M | -4.00M | 0.00M | 0.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | -27.50M | -16.01M | -6.68M | 2.31M | 0.05M | 270.59M | 0.05M | -0.15M | 2.24M |
| Net Cash from Financing Activities | 10.61M | 27.71M | -46.92M | 103.16M | -28.08M | 332.07M | 39.95M | 40.09M | 12.24M |
| Effect of FX on Cash | 0.23M | -0.30M | -2.97M | 0.87M | -0.50M | -0.46M | 0.89M | 0.22M | -0.52M |
| Net Change in Cash | 9.22M | -362.15M | -491.43M | 185.09M | -64.78M | 304.89M | 78.02M | 69.35M | 49.47M |
| Cash at Beginning of Period | 1,173.17M | 2,452.18M | 724.28M | 539.19M | 603.97M | 299.08M | 221.06M | 151.71M | 102.24M |
| Cash at End of Period | 1,182.39M | 2,090.04M | 232.85M | 724.28M | 539.19M | 603.97M | 299.08M | 221.06M | 151.71M |
| Operating Cash Flow | 177.27M | 191.13M | 177.02M | 133.71M | 55.33M | 42.28M | 84.57M | 50.09M | 46.15M |
| Capital Expenditure | -22.57M | -22.13M | -21.34M | -26.40M | -44.38M | -43.37M | -38.26M | -9.40M | -7.89M |
| Free Cash Flow | 154.70M | 169.00M | 155.68M | 107.30M | 10.95M | -1.09M | 46.31M | 40.69M | 38.26M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 656.78M | 139.44M | 135.60M | 126.39M | 60.43M | -8.32M | 236.44M | 168.72M | 111.53M |
| (-) Tax Adjustment | 0.00M | 21.66M | 22.26M | 44.24M | 21.15M | 0.00M | 76.70M | 59.05M | 1.58M |
| (-) Change In Working Capital | -51.11M | 42.55M | 22.74M | 34.23M | 58.47M | 33.33M | 57.85M | 30.53M | 29.79M |
| (-) Capital Expenditure | -22.57M | -22.13M | -21.34M | -26.40M | -44.38M | -43.37M | -38.26M | -9.40M | -7.89M |
| Unlevered Free Cash Flow | 685.33M | 53.11M | 69.25M | 21.52M | -63.57M | -85.03M | 63.64M | 69.73M | 72.27M |
| (-) Net Interest Income After Taxes | 7.86M | -15.52M | 0.00M | 14.83M | 0.00M | 1.99M | 0.67M | 0.00M | 0.00M |
| Net Debt Issuance | 51.71M | 43.72M | -28.80M | 21.70M | -28.13M | 65.54M | 43.90M | -48.85M | 10.00M |
| Levered Free Cash Flow | 729.17M | 112.34M | 40.45M | 28.38M | -91.70M | -21.48M | 106.87M | 20.88M | 82.27M |