Where do Hagerty's ratios come from?

Every ratio is computed from Hagerty's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Hagerty HGTY Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Net margin	7.5%0.0pp	10.2%+3.9pp	9.2%+2.5pp	7.5%+0.6pp	7.5%+4.0pp
Returns
Return on equity	57.2%-18.7pp	80.3%+15.9pp	71.7%+0.8pp	76.4%-20.6pp	75.9%+26.8pp
Return on invested capital	110.5%—	134.1%—	217.4%—	——	——
Efficiency
Asset turnover	0.8×0.0×	0.8×0.0×	0.7×0.0×	0.7×0.0×	0.8×0.0×
Leverage
Debt-to-equity	1.2×+0.1×	1×0.0×	1.1×-0.1×	1.2×-0.4×	1.1×-0.5×
Net debt / EBITDA	-0.7×+0.2×	-0.4×+0.3×	-0.7×+0.6×	-1×+0.3×	-0.9×+4.7×
Per Share
Book value per share	$2.16+360%	$0.64-62.4%	$0.61-63.1%	$1.90+72.4%	$0.47-57.4%
Valuation
Market capitalization	$1.17B+30.8%	$1.35B+55.5%	$1.19B+37.0%	$913.51M+3.8%	$813.97M+5.1%
Price / earnings	10.7×+1.5×	9.1×-2.0×	9.2×-1.8×	9×-2.3×	8.4×-11.9×
Price / sales	0.8×+0.1×	0.9×+0.2×	0.8×+0.1×	0.7×-0.1×	0.6×-0.1×
Price / book	5.3×-0.1×	6.1×+0.3×	5.6×-0.2×	5.3×-4.0×	5×-3.3×
EV / EBITDA	7.8×+1.1×	6.9×-0.6×	7.2×+0.9×	6.2×+0.3×	6×+4.1×

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Where do Hagerty's ratios come from?: Every ratio is computed from Hagerty's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.