Stocktoria

Heritage Insurance Holdings, Inc. HRTG

NYSE · stock · Fire, Marine & Casualty Insurance · website · IPO 2014-05-23 · LEI

Heritage Insurance Holdings, Inc. statistics & valuation

Market cap$784.8M
P / E4.0×
P / S0.9×
P / B1.6×
P / FCF4.5×
Net margin23.1%
Return on equity38.7%
FCF margin20.6%
Net cash$480.8M
Net debt / EBITDA-1.7×
Enterprise value USD$304.0M
EV / EBITDA1.1×
Earnings yield EBIT/EV87.9%
Graham number +46.2%$48.18

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($48.18); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.70% -0.30% 5.70% 5.60% 1.60% -11.80% -23.30% 6.20% 7.50% 23.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
12.90% 12.20% 14.50% 9.70% 1.70% -10.80% -23.80% 8.60% 11.50% 31.50% 2016201720182019202020212022202320242025
Return on equity (%)
9.50% -0.30% 6.40% 6.40% 2.10% -21.80% -117.80% 20.60% 21.20% 38.70% 2016201720182019202020212022202320242025
Shares outstanding
29.6M 26.8M 29.5M 29.2M 28.0M 27.8M 26.3M 30.2M 30.7M 30.9M 2016201720182019202020212022202320242025
Net debt ($)
-$32.9M $30.7M -$101.3M -$139.1M -$320.0M -$238.6M -$151.9M -$343.9M -$336.3M -$480.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.30% -0.10% 1.50% 1.50% 0.40% -3.80% -6.50% 2.10% 2.50% 8.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
18.50% 1.80% 19.60% 22.40% 28.60% 9.40% -6.50% 8.20% 9.70% 20.60% 2016201720182019202020212022202320242025
Debt / equity (×)
0.20× 0.49× 0.35× 0.29× 0.27× 0.35× 0.98× 0.54× 0.40× 0.16× 2016201720182019202020212022202320242025
EPS ($)
$1.14 -$0.04 $1.04 $0.98 $0.33 -$2.69 -$5.86 $1.73 $2.01 $6.32 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Heritage Insurance Holdings, Inc. trades at about 5.2× earnings — below its 10-year norm (10-year range 3.5×–28.2×, median 10.4×).

3.5× 28.2×

Shaded band = 10-year range (3.5×–28.2×); dot = today's 5.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin31.5%11.5%8.6%-23.8%-10.8%1.7%9.7%14.5%12.2%12.9%
Net margin23.1%7.5%6.2%-23.3%-11.8%1.6%5.6%5.7%-0.3%7.7%
FCF margin20.6%9.7%8.2%-6.5%9.4%28.6%22.4%19.6%1.8%18.5%
Return on assets8.9%2.5%2.1%-6.5%-3.8%0.4%1.5%1.5%-0.1%3.3%
Return on equity38.7%21.2%20.6%-117.8%-21.8%2.1%6.4%6.4%-0.3%9.5%
Debt / equity0.16×0.40×0.54×0.98×0.35×0.27×0.29×0.35×0.49×0.20×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.