Financial Snapshot

Revenue
$1.153B
TTM
Gross Margin
75.21%
TTM
Net Earnings
$82.03M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
100.78%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$608.2M
Q3 2024
Cash
Q3 2024
P/E
47.69
Nov 29, 2024 EST
Free Cash Flow
$169.0M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $1.000B $787.6M $619.1M $499.5M $397.3M
YoY Change 27.0% 27.22% 23.93% 25.74% 31.68%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $1.000B $787.6M $619.1M $499.5M $397.3M
Cost Of Revenue $220.7M $182.4M $122.1M
Gross Profit $779.6M $605.2M $497.0M
Gross Profit Margin 77.94% 76.84% 80.28%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $710.5M $229.8M $172.0M $137.4M $313.1M
YoY Change 209.12% 33.6% 25.22% -56.11% 28.06%
% of Gross Profit 91.14% 37.98% 34.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.81M $33.89M $22.14M $11.80M $8.950M
YoY Change 35.18% 53.03% 87.66% 31.84% 15.42%
% of Gross Profit 5.88% 5.6% 4.46%
Operating Expenses $977.0M $229.8M $172.0M $137.4M $386.4M
YoY Change 325.05% 33.6% 25.22% -64.44% 31.85%
Operating Profit $10.41M -$67.57M -$10.07M $15.85M
YoY Change -115.4% 570.96% -163.55%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $22.82M $43.93M -$44.53M
YoY Change -48.05% -198.64%
% of Operating Profit 219.26%
Other Income/Expense, Net $11.54M $2.028M -$1.993M -$987.0K $608.0K
YoY Change 469.18% -201.76% 101.93% -262.35% -3738.24%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $44.77M $11.10M -$54.60M $14.86M $11.46M
YoY Change 303.5% -120.32% -467.47% 29.7% 33.28%
Income Tax $16.59M $7.017M $6.751M $4.820M $7.250M
% Of Pretax Income 37.06% 63.24% 32.44% 63.29%
Net Earnings $15.88M $32.08M -$46.36M $10.17M $4.206M
YoY Change -50.49% -169.2% -556.01% 141.71% -50.37%
Net Earnings / Revenue 1.59% 4.07% -7.49% 2.04% 1.06%
Basic Earnings Per Share $0.39 -$0.56 $101.70
Diluted Earnings Per Share $0.05 $0.10 -$0.56 $101.70 $12.62K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $108.3M $95.17M $275.3M $38.11M $21.81M
Short-Term Investments
Other Short-Term Assets $43.56M $37.08M $30.57M $20.17M $17.81M
YoY Change 17.47% 21.32% 51.56% 13.23%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $122.7M $97.23M $88.16M $74.71M $64.13M
YoY Change 26.16% 10.29% 18.01% 16.49%
Property, Plant & Equipment $71.28M $107.7M $28.36M $25.82M $16.23M
YoY Change -33.79% 279.56% 9.84% 59.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $616.0M $444.0M $328.6M $261.0M $199.3M
YoY Change 38.72% 35.11% 25.93% 30.97%
Total Long-Term Assets $1.466B $1.215B $953.7M $536.0M $379.1M
YoY Change 20.59% 27.43% 77.93% 41.37%
Total Assets $1.588B $1.313B $1.042B $610.7M $443.3M
YoY Change
Accounts Payable $80.68M $16.28M $9.084M $11.54M $6.950M
YoY Change 395.49% 79.24% -21.31% 66.1%
Accrued Expenses $56.96M $149.5M $59.24M $51.13M $34.16M
YoY Change -61.9% 152.35% 15.87% 49.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $297.2M $285.2M $164.5M $139.8M $106.5M
YoY Change 4.2% 73.35% 17.72% 31.2%
Long-Term Debt $130.7M $108.3M $135.5M $69.00M $26.10M
YoY Change 20.69% -20.09% 96.38% 164.37%
Other Long-Term Liabilities $117.5M $123.5M $118.0M $26.30M $6.142M
YoY Change -4.83% 4.66% 348.57% 328.18%
Total Long-Term Liabilities $248.2M $231.7M $253.5M $95.30M $32.24M
YoY Change 7.09% -8.57% 165.97% 195.57%
Total Liabilities $1.413B $1.253B $1.366B $493.5M $332.8M
YoY Change 12.72% -8.23% 176.72% 48.28%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 82.33M shares 100.0K shares
Diluted Shares Outstanding 82.33M shares 100.0K shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $3.912 Billion

About Hagerty, Inc.

Hagerty, Inc. engages in the provision of automotive insurance services. The company is headquartered in Traverse City, Michigan and currently employs 1,726 full-time employees. The company went IPO on 2021-04-09. The firm is a provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the Americans who self-describe as car enthusiasts. Through its insurance model, the Company acts as a Managing General Agent (MGA) by underwriting, selling, and servicing classic car and enthusiast vehicle insurance policies. In addition, the Company offers Hagerty Drivers Club (HDC) memberships, which can be bundled with its insurance policies and give subscribers access to an array of products and services, including Hagerty Drivers Club Magazine, automotive enthusiast events, its proprietary vehicle valuation tool, emergency roadside assistance, and special vehicle-related discounts. The firm provides insurance for approximately 2.4 million classic cars and enthusiast vehicles.

Industry: Insurance Agents, Brokers & Service Peers: Arthur J. Gallagher & Co. BROWN & BROWN, INC. Baldwin Insurance Group, Inc. Goosehead Insurance, Inc. Hippo Holdings Inc. MARSH & MCLENNAN COMPANIES, INC. RYAN SPECIALTY HOLDINGS, INC. SelectQuote, Inc.