FGO
FG Holdings Limited Class A Ordinary Shares
Consulting Services
Market Cap—
5Y Perf.—
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Stock Comparison
FGO vs HRTG
Revenue, margins, valuation, and 5-year total return — side by side.
HRTG
Heritage Insurance Holdings, Inc.
Insurance - Property & Casualty
Market Cap$861M
5Y Perf.+24.4%
FGO vs HRTG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | FGO | HRTG |
|---|---|---|
| Industry | Consulting Services | Insurance - Property & Casualty |
| Market Cap | — | $861M |
| Revenue (TTM) | $21M | $847M |
| Net Income (TTM) | $7M | $196M |
| Gross Margin | 78.5% | 47.2% |
| Operating Margin | 37.6% | 31.7% |
| Forward P/E | — | 6.1x |
| Total Debt | $8M | $100M |
| Cash & Equiv. | $16M | $559M |
Quick Verdict: FGO vs HRTG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: FGO leads in 3 of 5 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Heritage Insurance Holdings, Inc. is the stronger pick specifically for capital preservation and lower volatility. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
FGO
FG Holdings Limited Class A Ordinary Shares
The Growth Play
FGO carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 40.0%, EPS growth 15.8%
- 40.0% revenue growth vs HRTG's 3.7%
- 33.2% margin vs HRTG's 23.1%
Best for: growth exposure
HRTG
Heritage Insurance Holdings, Inc.
The Insurance Pick
HRTG is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.50, Low D/E 19.8%, current ratio 152.87x
- Beta 0.50, current ratio 152.87x
- Lower D/E ratio (19.8% vs 53.8%)
Best for: sleep-well-at-night and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | FGO | 40.0% revenue growth vs HRTG's 3.7% |
| Quality / Margins | FGO | 33.2% margin vs HRTG's 23.1% |
| Stability / Safety | HRTG | Lower D/E ratio (19.8% vs 53.8%) |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Efficiency (ROA) | FGO | 34.4% ROA vs HRTG's 8.4%, ROIC 95.7% vs 15.4% |
FGO vs HRTG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2025
FGO vs HRTG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLFGOLAGGINGHRTG
HRTGHeritage Insurance Ho…
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FGOFG Holdings Limited C…
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6 Total Categories
CATEGORYLEADERvs HRTGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
FGO4/4
Valuation MetricsMultiples, price ratios, and targets
FGO2/2
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
Tied
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Total Returns1Y, 3Y, 5Y total returns with dividends
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Risk & VolatilityBeta, volatility, and downside exposure
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Analyst OutlookRatings, price targets, and dividends
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Income & Cash Flow (Last 12 Months)
FGO leads this category, winning 4 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
HRTG is the larger business by revenue, generating $847M annually — 39.9x FGO's $21M. FGO is the more profitable business, keeping 33.2% of every revenue dollar as net income compared to HRTG's 23.1%.
| Metric | FGOFG Holdings Limit… | HRTGHeritage Insuranc… |
|---|---|---|
| RevenueTrailing 12 months | $21M | $847M |
| EBITDAEarnings before interest/tax | — | $281M |
| Net IncomeAfter-tax profit | — | $196M |
| Free Cash FlowCash after capex | — | $177M |
| Gross MarginGross profit ÷ Revenue | +78.5% | +47.2% |
| Operating MarginEBIT ÷ Revenue | +37.6% | +31.7% |
| Net MarginNet income ÷ Revenue | +33.2% | +23.1% |
| FCF MarginFCF ÷ Revenue | +24.8% | +20.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +2.4% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +2.3% |
FGO leads this category, winning 4 of 4 comparable metrics.
Valuation Metrics
FGO leads this category, winning 2 of 2 comparable metrics.
Valuation Metrics
| Metric | FGOFG Holdings Limit… | HRTGHeritage Insuranc… |
|---|---|---|
| Market CapShares × price | — | $861M |
| Enterprise ValueMkt cap + debt − cash | — | $402M |
| Trailing P/EPrice ÷ TTM EPS | 0.00x | 4.44x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 6.07x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.06x |
| EV / EBITDAEnterprise value multiple | — | 1.48x |
| Price / SalesMarket cap ÷ Revenue | — | 1.02x |
| Price / BookPrice ÷ Book value/share | 0.00x | 1.72x |
| Price / FCFMarket cap ÷ FCF | — | 4.94x |
FGO leads this category, winning 2 of 2 comparable metrics.
Profitability & Efficiency
Evenly matched — FGO and HRTG each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
FGO delivers a 65.5% return on equity — every $100 of shareholder capital generates $66 in annual profit, vs $47 for HRTG. HRTG carries lower financial leverage with a 0.20x debt-to-equity ratio, signaling a more conservative balance sheet compared to FGO's 0.54x. On the Piotroski fundamental quality scale (0–9), HRTG scores 7/9 vs FGO's 6/9, reflecting strong financial health.
| Metric | FGOFG Holdings Limit… | HRTGHeritage Insuranc… |
|---|---|---|
| ROE (TTM)Return on equity | +65.5% | +47.3% |
| ROA (TTM)Return on assets | +34.4% | +8.4% |
| ROICReturn on invested capital | +95.7% | +15.4% |
| ROCEReturn on capital employed | +73.8% | +11.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.54x | 0.20x |
| Net DebtTotal debt minus cash | -$9M | -$459M |
| Cash & Equiv.Liquid assets | $16M | $559M |
| Total DebtShort + long-term debt | $8M | $100M |
| Interest CoverageEBIT ÷ Interest expense | — | 33.88x |
Evenly matched — FGO and HRTG each lead in 4 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
Insufficient data to determine a leader in this category.
Total Returns (Dividends Reinvested)
| Metric | FGOFG Holdings Limit… | HRTGHeritage Insuranc… |
|---|---|---|
| YTD ReturnYear-to-date | — | +2.7% |
| 1-Year ReturnPast 12 months | — | +15.3% |
| 3-Year ReturnCumulative with dividends | — | +585.3% |
| 5-Year ReturnCumulative with dividends | — | +201.4% |
| 10-Year ReturnCumulative with dividends | — | +119.4% |
| CAGR (3Y)Annualised 3-year return | — | +89.9% |
Insufficient data to determine a leader in this category.
Risk & Volatility
Insufficient data to determine a leader in this category.
Risk & Volatility
| Metric | FGOFG Holdings Limit… | HRTGHeritage Insuranc… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | — | 0.50x |
| 52-Week HighHighest price in past year | $0.00 | $31.98 |
| 52-Week LowLowest price in past year | $0.00 | $16.83 |
| % of 52W HighCurrent price vs 52-week peak | — | +87.6% |
| RSI (14)Momentum oscillator 0–100 | — | 55.7 |
| Avg Volume (50D)Average daily shares traded | 0 | 282K |
Insufficient data to determine a leader in this category.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
| Metric | FGOFG Holdings Limit… | HRTGHeritage Insuranc… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $39.00 |
| # AnalystsCovering analysts | — | 9 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | — | +0.3% |
Insufficient data to determine a leader in this category.
Key Takeaway
FGO leads in 2 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
Best OverallFG Holdings Limited Class A… (FGO)Leads 2 of 6 categories
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FGO vs HRTG: Frequently Asked Questions
7 questions · data-driven answers · updated daily
01Is FGO or HRTG a better buy right now?
For growth investors, FG Holdings Limited Class A Ordinary Shares (FGO) is the stronger pick with 40.
0% revenue growth year-over-year, versus 3. 7% for Heritage Insurance Holdings, Inc. (HRTG). Heritage Insurance Holdings, Inc. (HRTG) offers the better valuation at 4. 4x trailing P/E (6. 1x forward), making it the more compelling value choice. Analysts rate Heritage Insurance Holdings, Inc. (HRTG) a "Buy" — based on 9 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is safer — FGO or HRTG?
On balance sheet safety, Heritage Insurance Holdings, Inc.
(HRTG) carries a lower debt/equity ratio of 20% versus 54% for FG Holdings Limited Class A Ordinary Shares — giving it more financial flexibility in a downturn.
03Which is growing faster — FGO or HRTG?
By revenue growth (latest reported year), FG Holdings Limited Class A Ordinary Shares (FGO) is pulling ahead at 40.
0% versus 3. 7% for Heritage Insurance Holdings, Inc. (HRTG). On earnings-per-share growth, the picture is similar: Heritage Insurance Holdings, Inc. grew EPS 214. 4% year-over-year, compared to 15. 8% for FG Holdings Limited Class A Ordinary Shares. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
04Which has better profit margins — FGO or HRTG?
FG Holdings Limited Class A Ordinary Shares (FGO) is the more profitable company, earning 33.
2% net margin versus 23. 1% for Heritage Insurance Holdings, Inc. — meaning it keeps 33. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FGO leads at 37. 6% versus 30. 6% for HRTG. At the gross margin level — before operating expenses — FGO leads at 78. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Which pays a better dividend — FGO or HRTG?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
06Is FGO or HRTG better for a retirement portfolio?
For long-horizon retirement investors, Heritage Insurance Holdings, Inc.
(HRTG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 50), +119. 4% 10Y return). Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
07What are the main differences between FGO and HRTG?
These companies operate in different sectors (FGO (Industrials) and HRTG (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: FGO is a small-cap high-growth stock; HRTG is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(FGO: 40.0% · HRTG: 2.4%)Net Margin>
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