Also trades as: HGTY-WT (NYSE) · $vol 0M

$15.57

-0.38 (-2.38%)

After Hours: $15.53 (-0.04, -0.26%)

Weekly Expected Move ±2.8%

$15 $15 $16 $16 $16

NYSE · Financial Services · Insurance - Property & Casualty · Tech Score Strong Buy · Power 71 · $5.5B mcap · 319M float · 0.097% daily turnover · Short 56% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

47.9 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: -11.6%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. HGTY shows a Weak competitive edge (47.9/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Intangible Assets. Negative ROIC of -11.6% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$14

Avg Target

$14

High

Based on 1 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 1Hold: 3Sell: 1Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$14.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-06-10	UBS	—	Initiated	$14	—	+28.4%	$10.90
2025-10-03	Wells Fargo	—	Initiated	$13	—	+7.2%	$12.13
2025-10-01	JMP Securities	Matthew Carletti	Initiated	$15	—	+24.6%	$12.04
2025-09-17	Oppenheimer	—	Initiated	$15	—	+15.2%	$13.02

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B-

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. HGTY receives an overall rating of B-. Strongest factors: DCF (4/5). Areas of concern: D/E (2/5), P/E (1/5), P/B (1/5).

Rating Change History

Date	From	To
2026-10-19	B	B-
2026-10-16	B-	B
2026-10-14	B	B-
2026-10-01	B-	B
2026-08-05	B+	B-
2026-08-04	B	B+
2026-08-03	B+	B
2026-07-27	B	B+
2026-07-25	B+	B
2026-07-22	B	B+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 44 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. HGTY scores highest in Safety (90/100) and lowest in Profitability (30/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-I Score

3.73

Safe Zone

Piotroski F-Score

4/9

✓ ✓ ✗ ✓ ✗ ✗ ✗ ✗ ✓

Beneish M-Score

-4.47

Unlikely Manipulator

Ohlson O-Score

-7.46

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

A+

Score: 76.6/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 12.07x

Accruals: -13.5%

The Altman-I Score is adapted for insurance companies, emphasizing return on equity, tangible net worth, and cash reserves alongside the standard equity and earnings components. HGTY scores 3.73, placing it in the Safe Zone (safe > 3.0, distress < 1.5). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. HGTY scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. HGTY's score of -4.47 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. HGTY's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. HGTY receives an estimated rating of A+ (score: 76.6/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). HGTY's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

37.74x

PEG

0.40x

P/S

3.82x

P/B

5.29x

P/FCF

4.34x

P/OCF

3.93x

EV/EBITDA

4.15x

EV/Revenue

0.22x

EV/EBIT

8.81x

EV/FCF

1.09x

Earnings Yield

2.11%

FCF Yield

23.04%

Shareholder Yield

0.46%

Graham Number

$4.09

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 37.7x earnings, HGTY commands a growth premium. Graham's intrinsic value formula yields $4.09 per share, 290% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.742

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.024

EBIT / Rev

Asset Turnover

0.670

Rev / Assets

Equity Multiplier

8.861

Assets / Equity

ROE

10.8%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. HGTY's ROE of 10.8% is driven by financial leverage (equity multiplier: 8.86x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$9.67

Price/Value

1.23x

Margin of Safety

-23.32%

Premium

23.32%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with HGTY's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. HGTY actually compounded EPS at 101.3% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. HGTY trades at a 23% premium to its adjusted intrinsic value of $9.67, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 37.7x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1359 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$15.58

Median 1Y

$15.55

5th Pctile

$7.62

95th Pctile

$31.93

Ann. Volatility

42.2%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Paul Rehrig President	$650,000	$812,500	$2,584,725
McKeel Hagerty CEO	$850,001	$700,000	$2,379,477
Patrick McClymont CFO	$575,001	$1,006,250	$2,266,011

CEO Pay Ratio

7:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $2,379,477

Avg Employee Cost (SGA/emp): $325,915

Employees: 1,891

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

1,891

+9.1% YoY

Revenue / Employee

$770,169

Rev: $1,456,389,000

Profit / Employee

$25,922

NI: $49,018,000

SGA / Employee

$325,915

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	10.2%	12.2%	-16.3%	-31.5%	-13.8%	-24.3%	3.6%	14.9%	1.2%	17.2%	17.5%	23.9%	25.6%	10.4%	15.7%	15.7%	24.1%	21.4%	18.9%	10.8%	10.77%
ROA	1.5%	-3.8%	-1.2%	-3.2%	-1.4%	2.7%	0.2%	0.8%	0.1%	1.4%	1.5%	1.8%	1.7%	1.0%	1.6%	1.5%	2.2%	2.6%	1.9%	1.2%	1.22%
ROIC	6.4%	8.4%	53.2%	1.8%	-34.8%	1.8%	-8.7%	-10.3%	-11.8%	11.3%	26.5%	38.2%	73.7%	65.4%	87.1%	85.1%	51.2%	56.1%	1.7%	-11.6%	-11.56%
ROCE	1.9%	-4.8%	-3.0%	-4.3%	-1.8%	0.8%	-1.4%	0.3%	0.3%	6.0%	6.5%	8.5%	5.1%	5.5%	6.2%	5.8%	12.0%	6.7%	9.5%	1.6%	1.60%
Gross Margin	58.7%	33.7%	60.3%	58.2%	51.4%	50.6%	52.3%	56.1%	55.5%	48.9%	49.8%	55.6%	45.2%	47.9%	53.5%	82.6%	79.3%	83.1%	68.6%	68.8%	68.80%
Operating Margin	0.8%	-57.7%	9.0%	-1.7%	11.3%	-14.6%	-5.2%	7.4%	8.4%	5.3%	5.0%	15.6%	5.6%	4.8%	8.1%	12.9%	3.5%	11.1%	-6.7%	0.6%	0.63%
Net Margin	-0.3%	-46.2%	13.8%	-2.8%	6.4%	-2.3%	-1.0%	0.9%	1.9%	5.6%	-0.5%	3.3%	1.5%	1.1%	2.6%	3.0%	5.5%	2.5%	-1.4%	0.1%	0.08%
EBITDA Margin	4.3%	-51.5%	12.6%	2.5%	15.2%	-9.8%	1.1%	11.4%	12.3%	9.5%	9.0%	18.8%	8.4%	7.9%	13.2%	16.9%	6.0%	13.9%	-3.6%	3.4%	3.37%
FCF Margin	13.0%	-2.6%	-2.0%	-1.7%	0.7%	1.3%	1.9%	3.0%	6.4%	10.6%	14.9%	14.7%	14.6%	13.1%	11.3%	10.1%	11.4%	13.6%	11.6%	19.8%	19.84%
OCF Margin	19.2%	4.8%	4.7%	5.0%	6.8%	6.7%	6.8%	7.3%	9.8%	13.2%	17.0%	16.7%	16.5%	14.9%	13.1%	11.7%	13.0%	15.4%	13.5%	21.9%	21.90%
ROE 3Y Avg	snapshot only																				13.62%
ROE 5Y Avg	snapshot only																				2.89%
ROA 3Y Avg	snapshot only																				1.40%
ROIC Economic	snapshot only																				13.09%
Cash ROA	snapshot only																				14.31%
NOPAT Margin	snapshot only																				4.99%
Pretax Margin	snapshot only																				2.45%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				30.03%
SBC / Revenue	snapshot only																				1.05%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	68.57	-29.52	-73.80	-31.40	-202.08	88.72	1195.86	304.03	2624.29	133.96	36.92	30.78	32.02	51.06	29.92	33.55	96.56	95.13	29.42	47.48	37.742
P/S Ratio	2.48	2.61	1.37	1.39	4.09	3.43	3.49	3.49	2.89	2.68	0.73	0.80	0.79	0.73	0.64	0.70	3.07	3.27	0.75	0.86	3.821
P/B Ratio	7.01	-3.61	12.02	13.14	30.55	48.03	47.60	46.96	37.22	15.44	4.35	5.08	6.15	5.78	4.91	5.32	19.75	15.14	4.86	4.02	5.289
P/FCF	18.98	-101.29	-68.16	-80.81	624.40	259.84	184.00	117.89	44.94	25.26	4.92	5.46	5.40	5.58	5.70	6.97	27.02	23.98	6.47	4.34	4.341
P/OCF	12.91	54.85	29.34	27.76	59.97	51.44	50.93	48.00	29.40	20.27	4.30	4.81	4.77	4.91	4.92	6.01	23.58	21.30	5.56	3.93	3.932
EV/EBITDA	34.18	-32.83	-124.98	-42.02	420.76	65.52	137.72	68.35	60.50	30.72	7.05	6.54	6.50	6.32	4.91	5.51	27.90	26.01	7.34	4.15	4.145
EV/Revenue	2.68	2.30	1.19	1.26	4.03	3.55	3.61	3.54	2.93	2.75	0.75	0.83	0.75	0.70	0.60	0.65	3.08	3.22	0.64	0.22	0.215
EV/EBIT	58.36	-20.94	-24.75	-17.60	-123.73	265.63	-167.63	733.44	1517.04	62.16	11.38	9.34	9.32	8.95	6.56	7.22	36.98	33.03	10.59	8.81	8.809
EV/FCF	20.57	-89.16	-58.95	-72.87	615.24	269.10	190.51	119.52	45.55	25.94	5.02	5.64	5.15	5.38	5.28	6.47	27.10	23.64	5.50	1.09	1.086
Earnings Yield	1.5%	-3.4%	-1.4%	-3.2%	-0.5%	1.1%	0.1%	0.3%	0.0%	0.7%	2.7%	3.2%	3.1%	2.0%	3.3%	3.0%	1.0%	1.1%	3.4%	2.1%	2.11%
FCF Yield	5.3%	-1.0%	-1.5%	-1.2%	0.2%	0.4%	0.5%	0.8%	2.2%	4.0%	20.3%	18.3%	18.5%	17.9%	17.6%	14.3%	3.7%	4.2%	15.5%	23.0%	23.04%
PEG Ratio	snapshot only																				0.396
Price/Tangible Book	snapshot only																				12.462
EV/OCF	snapshot only																				0.984
EV/Gross Profit	snapshot only																				0.286
Acquirers Multiple	snapshot only																				8.809
Shareholder Yield	snapshot only																				0.46%
Graham Number	snapshot only																				$4.09

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	—	50.08	—	—	—	—	—	—	1.40	1.48	2.19	1.49	—	—	—	—	0.78	—	0.94	—	—
Quick Ratio	—	113.19	—	—	—	—	—	—	1.05	1.48	3.06	2.20	—	—	—	—	0.78	—	0.94	—	—
Debt/Equity	0.99	-0.42	1.59	1.21	1.37	3.32	2.70	2.34	1.72	1.03	0.83	0.86	1.13	0.99	1.07	1.13	1.43	0.76	1.45	0.87	0.874
Net Debt/Equity	0.59	—	-1.62	-1.29	-0.45	1.71	1.68	0.65	0.50	0.41	0.09	0.17	-0.28	-0.20	-0.36	-0.38	0.06	-0.22	-0.73	-3.02	-3.017
Debt/Assets	0.14	0.13	0.11	0.08	0.10	0.15	0.13	0.10	0.08	0.11	0.09	0.09	0.09	0.09	0.10	0.10	0.14	0.11	0.16	0.12	0.122
Debt/EBITDA	4.46	-4.33	-19.10	-4.28	19.18	4.37	7.55	3.36	2.76	2.00	1.31	1.07	1.25	1.12	1.16	1.26	2.01	1.32	2.58	3.60	3.601
Net Debt/EBITDA	2.64	4.47	19.52	4.58	-6.26	2.25	4.70	0.93	0.80	0.80	0.14	0.21	-0.31	-0.23	-0.39	-0.42	0.08	-0.38	-1.29	-12.42	-12.425
Interest Coverage	25.54	-81.24	-51.44	-116.37	—	—	—	—	0.29	3.34	3.36	2.99	3.49	4.78	9.17	—	—	—	—	19.51	19.507
Equity Multiplier	7.02	-3.22	13.83	15.74	13.57	22.15	20.96	23.03	21.33	9.05	8.81	9.86	12.26	11.37	11.15	11.84	10.17	6.73	9.26	7.15	7.151
Debt Service Coverage	snapshot only																				41.453
Cash to Debt	snapshot only																				4.450
FCF to Debt	snapshot only																				1.060
Defensive Interval	snapshot only																				465.0 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.40	0.43	0.63	0.72	0.68	0.70	0.73	0.67	0.65	0.70	0.74	0.68	0.68	0.72	0.74	0.69	0.69	0.75	0.74	0.67	0.670
Inventory Turnover	—	—	—	249.42	—	—	—	—	2.82	—	—	—	3.72	—	—	—	—	—	—	—	—
Receivables Turnover	2.14	3.67	4.45	6.34	4.09	5.90	4.94	3.86	4.10	8.78	8.31	6.52	4.16	7.69	7.55	6.08	4.29	6.15	6.99	5.72	5.725
Payables Turnover	1.39	22.73	3.40	2.71	3.17	9.67	4.63	3.42	3.70	6.08	5.42	3.93	5.00	6.14	4.90	3.31	3.05	6.49	2.37	2.28	2.277
DSO	170	100	82	58	89	62	74	95	89	42	44	56	88	47	48	60	85	59	52	64	63.8 days
DIO	0	-1013	0	1	0	-280	0	0	130	0	-159	-140	98	0	-129	-136	0	0	0	0	0.0 days
DPO	263	16	107	135	115	38	79	107	99	60	67	93	73	59	75	110	119	56	154	160	160.3 days
Cash Conversion Cycle	-93	-930	-25	-76	-26	-256	-5	-12	120	-18	-182	-177	113	-12	-155	-187	-34	3	-102	-97	-96.5 days
Cash Velocity	snapshot only																				1.201
Capital Intensity	snapshot only																				1.530

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	—	—	—	3.1%	1.2%	85.4%	31.1%	33.3%	29.0%	22.0%	25.0%	22.6%	21.3%	17.8%	17.6%	17.2%	17.5%	19.6%	13.8%	7.8%	7.75%
Net Income	—	—	—	-3.4%	-2.2%	1.8%	1.2%	1.3%	1.1%	-36.9%	7.5%	1.8%	26.0%	-15.9%	27.5%	-5.6%	52.0%	1.9%	35.2%	-6.8%	-6.84%
EPS	—	—	—	-3.4%	-1.3%	1.2%	1.0%	1.1%	1.1%	-38.6%	32.9%	10.0%	101.0%	2.2%	21.9%	-10.8%	-60.7%	-25.3%	18.4%	-16.7%	-16.69%
FCF	—	—	—	-1.3%	-88.9%	2.0%	2.2%	3.3%	11.7%	8.8%	8.8%	5.1%	1.7%	45.1%	-10.8%	-19.5%	-8.5%	24.9%	17.2%	1.1%	1.12%
EBITDA	—	—	—	-2.1%	-73.1%	2.4%	4.6%	3.3%	5.5%	1.0%	4.0%	2.0%	1.9%	46.4%	34.7%	9.8%	12.1%	33.3%	-18.4%	-52.8%	-52.83%
Op. Income	—	—	—	-4.4%	-2.6%	1.2%	41.2%	1.1%	1.1%	3.0%	4.8%	21.5%	49.6%	1.1%	52.7%	6.7%	7.8%	35.0%	-24.8%	-67.4%	-67.40%
OCF Growth	snapshot only																				1.02%
Asset Growth	snapshot only																				5.29%
Equity Growth	snapshot only																				74.40%
Debt Growth	snapshot only																				35.23%
Shares Change	snapshot only																				11.82%
Dividend Growth	snapshot only																				-10.57%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	87.9%	51.1%	38.6%	24.4%	24.2%	22.5%	19.8%	18.7%	15.7%	15.69%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	53.0%	53.01%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	30.2%	29.2%	—	—	—	—	14.2%	2.7%	1.0%	1.01%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	10.4%	10.42%
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	32.0%	33.0%	—	—	—	—	15.2%	1.4%	34.7%	34.72%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	15.1%	15.12%
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	94.6%	72.0%	—	—	—	1.8%	57.8%	77.0%	15.8%	15.82%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	30.7%	30.72%
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	77.5%	41.7%	34.9%	20.4%	26.8%	32.8%	33.1%	35.4%	30.2%	30.20%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	58.8%	58.81%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	91.3%	82.3%	—	—	—	—	1.3%	—	98.7%	98.70%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	19.5%	19.50%
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	61.7%	56.9%	—	—	—	2.2%	1.6%	1.2%	1.2%	1.18%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	48.5%	48.47%
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	57.9%	43.7%	1.0%	75.1%	64.7%	52.0%	58.2%	48.8%	67.0%	67.04%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	45.5%	45.54%
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	31.6%	29.8%	17.9%	21.1%	21.6%	17.0%	16.4%	15.9%	11.4%	11.44%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	23.1%	23.13%
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	13.6%	7.8%	—	30.1%	33.7%	28.8%	73.2%	52.1%	64.6%	64.57%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	12.1%	4.7%	—	27.0%	29.5%	27.5%	71.8%	1.3%	1.5%	1.46%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	49.4%	49.41%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	—	—	—	—	—	—	—	0.95	0.97	0.96	1.00	0.95	0.97	0.96	1.00	1.00	1.00	1.00	1.00	0.95	0.947
Earnings Stability	—	—	—	—	—	—	—	0.00	0.16	0.61	1.00	0.21	0.21	0.41	0.96	0.34	0.54	0.59	0.96	0.38	0.375
Margin Stability	—	—	—	—	—	—	—	0.91	0.93	0.98	0.97	0.92	0.92	0.96	0.96	0.95	0.86	0.80	0.77	0.85	0.846
Rev. Growth Consistency	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	1.00	1.00	1.00	0.00	1.00	0.00	1.00	0.50	1.00	0.00	0.000
FCF Positive Streak	0	0	0	0	1	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	0.20	0.20	0.50	0.50	0.50	0.50	0.94	0.89	0.98	0.50	0.50	0.86	0.97	0.973
Earnings Smoothness	—	—	—	—	—	—	—	—	—	0.55	0.00	0.06	0.00	0.83	0.76	0.94	0.59	0.03	0.70	0.93	0.929
ROE Trend	—	—	—	—	—	—	—	0.31	0.04	—	0.18	0.30	0.26	-0.22	0.09	-0.00	0.10	0.04	0.02	-0.08	-0.077
Gross Margin Trend	—	—	—	—	—	—	—	-0.06	-0.03	-0.01	-0.02	-0.01	-0.04	-0.05	-0.02	0.06	0.16	0.24	0.27	0.20	0.197
FCF Margin Trend	—	—	—	—	—	—	—	-0.08	-0.00	0.11	0.15	0.14	0.11	0.07	0.03	0.01	0.01	0.02	-0.01	0.07	0.074
Sustainable Growth Rate	6.8%	—	—	—	—	—	3.6%	14.9%	1.2%	17.2%	17.5%	23.9%	25.6%	10.4%	15.7%	12.5%	20.9%	18.9%	16.0%	8.4%	8.40%
Internal Growth Rate	1.0%	—	—	—	—	2.8%	0.2%	0.8%	0.1%	1.4%	1.5%	1.8%	1.7%	1.0%	1.6%	1.2%	1.9%	2.4%	1.6%	1.0%	0.96%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	5.31	-0.54	-2.52	-1.13	-3.37	1.72	23.48	6.33	89.26	6.61	8.59	6.40	6.71	10.40	6.08	5.58	4.09	4.47	5.29	12.07	12.074
FCF/OCF	0.68	-0.54	-0.43	-0.34	0.10	0.20	0.28	0.41	0.65	0.80	0.87	0.88	0.88	0.88	0.86	0.86	0.87	0.89	0.86	0.91	0.906
FCF/Net Income	snapshot only																				10.937
OCF/EBITDA	snapshot only																				4.214
CapEx/Revenue	6.1%	7.3%	6.7%	6.7%	6.2%	5.3%	5.0%	4.3%	3.4%	2.6%	2.2%	2.0%	1.9%	1.8%	1.8%	1.6%	1.7%	1.7%	1.9%	2.1%	2.06%
CapEx/Depreciation	snapshot only																				0.749
Accruals Ratio	-0.06	-0.06	-0.04	-0.07	-0.06	-0.02	-0.05	-0.04	-0.06	-0.08	-0.11	-0.10	-0.10	-0.10	-0.08	-0.07	-0.07	-0.09	-0.08	-0.13	-0.135
Sloan Accruals	snapshot only																				0.553
Cash Flow Adequacy	snapshot only																				8.901
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.5%	0.3%	0.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.6%	0.1%	0.1%	0.5%	0.5%	0.00%
Dividend/Share	$0.05	$0.05	$0.05	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.06	$0.02	$0.02	$0.06	$0.06	$0.00
Payout Ratio	33.5%	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	20.5%	12.9%	11.4%	15.5%	22.0%	21.99%
FCF Payout Ratio	9.3%	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	4.3%	3.6%	2.9%	3.4%	2.0%	2.01%
Total Payout Ratio	33.5%	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	29.3%	18.5%	16.3%	22.1%	22.0%	21.99%
Div. Increase Streak	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	0	0	0	0	0	0
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.00	0.005
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	0.1%	0.1%	0.2%	0.0%	0.00%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	0.1%	0.1%	0.2%	0.0%	0.00%
Total Shareholder Return	0.5%	0.3%	0.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.9%	0.2%	0.2%	0.8%	0.5%	0.46%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.79	0.81	0.39	0.62	0.58	3.41	-0.12	3.67	0.57	0.45	0.30	0.29	0.30	0.18	0.24	0.23	0.38	0.35	0.42	0.74	0.742
Interest Burden (EBT/EBIT)	1.00	1.00	1.00	1.00	1.07	0.85	1.09	0.65	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
EBIT Margin	0.05	-0.11	-0.05	-0.07	-0.03	0.01	-0.02	0.00	0.00	0.04	0.07	0.09	0.08	0.08	0.09	0.09	0.08	0.10	0.06	0.02	0.024
Asset Turnover	0.40	0.43	0.63	0.72	0.68	0.70	0.73	0.67	0.65	0.70	0.74	0.68	0.68	0.72	0.74	0.69	0.69	0.75	0.74	0.67	0.670
Equity Multiplier	7.02	-3.22	13.83	9.87	10.00	-8.90	17.09	19.26	16.89	12.35	11.95	13.52	15.29	10.12	9.93	10.85	11.03	8.25	10.06	8.86	8.861

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$0.15	$-0.48	$-0.15	$-0.37	$-0.04	$0.09	$0.01	$0.03	$0.00	$0.06	$0.25	$0.34	$0.32	$0.19	$0.30	$0.30	$0.12	$0.14	$0.36	$0.25	$0.25
Book Value/Share	$1.44	$-3.93	$0.90	$0.87	$0.29	$0.18	$0.18	$0.20	$0.22	$0.51	$2.11	$2.05	$1.65	$1.67	$1.84	$1.90	$0.61	$0.89	$2.16	$2.96	$7.71
Tangible Book/Share	$0.48	$-5.00	$-0.26	$-0.49	$-0.35	$-0.47	$-0.46	$-0.45	$-0.40	$-0.09	$-0.29	$-0.25	$-0.65	$-0.60	$-0.43	$-0.32	$-0.53	$0.30	$-1.27	$0.96	$0.96
Revenue/Share	$4.08	$5.43	$7.85	$8.25	$2.20	$2.45	$2.51	$2.68	$2.82	$2.91	$12.52	$12.97	$12.91	$13.23	$14.07	$14.37	$3.92	$4.11	$14.03	$13.84	$13.79
FCF/Share	$0.53	$-0.14	$-0.16	$-0.14	$0.01	$0.03	$0.05	$0.08	$0.18	$0.31	$1.86	$1.91	$1.88	$1.73	$1.59	$1.45	$0.45	$0.56	$1.63	$2.75	$2.74
OCF/Share	$0.78	$0.26	$0.37	$0.41	$0.15	$0.16	$0.17	$0.20	$0.28	$0.38	$2.13	$2.16	$2.13	$1.97	$1.84	$1.68	$0.51	$0.63	$1.89	$3.03	$3.02
Cash/Share	$0.58	$3.34	$2.88	$2.19	$0.54	$0.28	$0.19	$0.34	$0.27	$0.31	$1.55	$1.41	$2.33	$1.99	$2.63	$2.86	$0.84	$0.86	$4.71	$11.53	$7.59
EBITDA/Share	$0.32	$-0.38	$-0.07	$-0.25	$0.02	$0.13	$0.07	$0.14	$0.14	$0.26	$1.32	$1.64	$1.49	$1.47	$1.71	$1.71	$0.43	$0.51	$1.22	$0.72	$0.72
Debt/Share	$1.43	$1.65	$1.43	$1.06	$0.40	$0.58	$0.50	$0.47	$0.38	$0.52	$1.74	$1.76	$1.87	$1.65	$1.97	$2.14	$0.87	$0.67	$3.14	$2.59	$2.59
Net Debt/Share	$0.85	$-1.70	$-1.46	$-1.13	$-0.13	$0.30	$0.31	$0.13	$0.11	$0.21	$0.19	$0.35	$-0.46	$-0.34	$-0.66	$-0.72	$0.04	$-0.19	$-1.57	$-8.94	$-8.94

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman-I Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.727
Altman Z-Prime	snapshot only																				4.074
Piotroski F-Score	4	3	3	4	4	6	5	5	7	5	7	7	6	6	6	5	6	6	6	4	4
Beneish M-Score	—	—	—	3.46	-2.15	0.28	-2.03	-2.10	-2.81	-3.50	-3.66	-3.60	-0.69	1.82	1.46	1.21	-2.95	-3.32	-3.13	-4.47	-4.466
Ohlson O-Score	snapshot only																				-7.456
ROIC (Greenblatt)	snapshot only																				2.87%
Net-Net WC	snapshot only																				$-1.65

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				A+
Credit Score	71.84	20.00	18.85	20.78	22.99	32.93	22.34	40.79	30.90	54.96	46.83	47.24	48.62	45.78	50.18	51.99	70.66	79.90	62.70	76.57	76.566
Credit Grade	snapshot only																				5
Credit Trend	snapshot only																				24.573
Implied Spread (bps)	snapshot only																				125.000
Industry Credit Rank	snapshot only																				39
Sector Credit Rank	snapshot only																				81

HGTY NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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