Hagerty, Inc.

HGTYNYSEFinancial Services● Active

$10.40

$-0.05(-0.48%)

Market Cap$3.6B

P/E Ratio—

52W High$14

52W Low$8.81

Avg Volume177K

Open$10.35

Beta0.82

Free Cash Flow Financials Revenue

Hagerty, Inc. (HGTY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HGTY · free cash flow · updated Jun 8, 2026

Core FCF metrics

HGTY · FCF · TTM · margin & CAGR

Free cash flow was $194.5M for FY2025 (fiscal year ending 2025-12-31), up 24.9% year-over-year The FCF margin was 13.3%. Five-year CAGR stands at +33.2%.

FY2025 Free Cash Flow$194.5M▲ +24.9% YoY

Trailing 12M (TTM)$164.6Mtrailing 4 quarters sum

FCF Margin13.3%$194.5M ÷ revenue

3-Year CAGR+160.9%FY2022 → FY2025

5-Year CAGR+33.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HGTY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$219.0M(25M)$194.5M▲ +24.9%13.3%

FY2024$177.0M(21M)$155.7M▲ +31.3%13.1%

FY2023$144.9M(26M)$118.5M▲ +982.3%11.7%

FY2022$55.3M(44M)$11.0M▲ +1105.8%1.3%

FY2021$42.3M(43M)−$1.1M▼ 102.4%-0.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HGTY · P/FCF · FCF yield · FCF per share

Hagerty, Inc. (HGTY) trades at a FCF yield of 4.61% and a price-to-free-cash-flow ratio of 6.0x. FCF per share stands at $1.74, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.61%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.74

TTM FCF ÷ Shares Outstanding

Price / FCF

x6.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

HGTY · cash flow statement · operating / investing / financing

For FY2025, Hagerty, Inc. generated $219.0M in operating cash flow and spent 25M in capital expenditures, yielding $194.5M in free cash flow.

Operating Activities

+$219.0M

Cash from core business operations

2025-12-31

Investing Activities

−$185.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$29.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($219.0M) − |CapEx| (25M) = FCF ($194.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

HGTY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Hagerty, Inc.YOU

HGTY

$194.5M+24.9%13.4%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Hagerty, Inc. (HGTY) reported free cash flow of $194.5M for FY2025 (fiscal year ending 2025-12-31), up 24.9% year-over-year. The FCF margin was 13.3%.

Based on available data, Hagerty, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $194.5M in FY2025. The 5-year CAGR stands at +33.2%.

Hagerty, Inc.'s FCF yield is 4.61% and price-to-FCF ratio is 6.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HGTY free cash flow · 8 questions

Hagerty, Inc. free cash flow was $194.5M for FY2025, up 24.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $164.6M.

HGTY free cash flowHGTY FCFHGTY FCF 2025HGTY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Hagerty, Inc. · Hagerty, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026