What is Hagerty's free cash flow margin?

Hagerty (HGTY) reported free cash flow margin of 11.4% in Q1 2026.

What is the long-term trend for Hagerty's free cash flow margin?

Over 3 years (2020 to 2025), Hagerty's free cash flow margin has grown at a 12.7% compound annual growth rate (CAGR), from 9.3% to 13.3%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Hagerty HGTY Free cash flow margin

Free cash flow margin at other companies

ProgressivePGR

18.4%-1.7pp

Universal Insurance HoldingsUVE

21.5%—

Mercury GeneralMCY

23.1%+10.1pp

The Hanover Insurance GroupTHG

18.7%+6.3pp

Ally FinancialALLY

55.3%—

American International GroupAIG

21.5%—

Other financials

Income statement

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Revenue$311.8M-5.0%

Operating income$34.3M+240%

Net income-$12.7M-147%

EPS (diluted)-$0.06-186%

Balance sheet

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Cash & equivalents$366.7M+28.1%

Total debt$272.5M+50.3%

Total equity$218.7M+34.2%

Total assets$2.0B+11.5%

Cash flow

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Operating cash flow$16.3M-62.9%

CapEx$7.7M+43.1%

Free cash flow$8.5M-77.8%

Valuation

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Market cap$1.17B+30.8%

Enterprise value$1.07B+36.3%

P/E10.7×+1.5×

P/S0.8×+0.1×

Profitability

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Operating margin8.1%—

Net margin7.5%0.0pp

Returns & leverage

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Return on equity57.2%-18.7pp

Debt / equity1.2×+0.1×

Current ratio1×0.0×

Where this comes from

Calculated from Hagerty’s reported figures.

free cash flow/total revenue=11.4%

Based on trailing twelve months.

The official record: Hagerty’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hagerty's free cash flow margin?: Hagerty (HGTY) reported free cash flow margin of 11.4% in Q1 2026.
What is the long-term trend for Hagerty's free cash flow margin?: Over 3 years (2020 to 2025), Hagerty's free cash flow margin has grown at a 12.7% compound annual growth rate (CAGR), from 9.3% to 13.3%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.