Neptune Insurance Holdings Inc. (NP) 10-Year Financial Performance & Capital Metrics

NP • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

AboutA data-driven managing general agent for flood insurance. Sells residential and commercial flood insurance (primary & excess), and parametric earthquake insurance. Uses AI and machine learning platforms (e.g. underwriting engine "Triton", policy management "Poseidon"), distributes via agency network, and does not take balance sheet risk or handle claims themselves; rather, insurance and reinsurance carriers do.Show more

Revenue $119M +40.6%
EBITDA $71M +50.1%
Net Income $35M +93.4%
EPS (Diluted) 1.58 +51.9%
Gross Margin 66.41% +3.4%
EBITDA Margin 59.91% +6.8%
Operating Margin 57.37% +7.2%
Net Margin 29% +37.6%
ROE -
ROIC -
Debt/Equity -
Interest Coverage 3.91 +83.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓FCF machine: 38.7% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 25.0%
✓Efficient asset utilization: 2.5x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg744.38%

5Y Avg744.38%

3Y Avg744.38%

Latest1127.05%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Dec 2023	Dec 2024
Sales/Revenue+	84.87M	119.3M
Revenue Growth %	-	0.41%
Cost of Goods Sold+	30.36M	40.07M
COGS % of Revenue	0.36%	0.34%
Gross Profit+	54.51M	79.23M
Gross Margin %	0.64%	0.66%
Gross Profit Growth %	-	0.45%
Operating Expenses+	9.08M	10.78M
OpEx % of Revenue	0.11%	0.09%
Selling, General & Admin	6.9M	7.76M
SG&A % of Revenue	0.08%	0.07%
Research & Development	0	0
R&D % of Revenue	-	-
Other Operating Expenses	2.18M	3.03M
Operating Income+	45.43M	68.45M
Operating Margin %	0.54%	0.57%
Operating Income Growth %	-	0.51%
EBITDA+	47.61M	71.47M
EBITDA Margin %	0.56%	0.6%
EBITDA Growth %	-	0.5%
D&A (Non-Cash Add-back)	2.18M	3.03M
EBIT	45.18M	63.9M
Net Interest Income+	-21.02M	-16.64M
Interest Income	308K	880K
Interest Expense	21.33M	17.52M
Other Income/Expense	-21.57M	-22.07M
Pretax Income+	23.86M	46.38M
Pretax Margin %	0.28%	0.39%
Income Tax+	5.97M	11.79M
Effective Tax Rate %	0.75%	0.75%
Net Income+	17.89M	34.59M
Net Margin %	0.21%	0.29%
Net Income Growth %	-	0.93%
Net Income (Continuing)	17.89M	34.59M
Discontinued Operations	0	0
Minority Interest	0	0
EPS (Diluted)+	1.04	1.58
EPS Growth %	-	0.52%
EPS (Basic)	1.04	1.58
Diluted Shares Outstanding	9.35M	9.34M
Basic Shares Outstanding	9.35M	9.34M
Dividend Payout Ratio	18.95%	-

Balance Sheet

	Dec 2023	Dec 2024
Total Current Assets+	29.86M	35.23M
Cash & Short-Term Investments	8.13M	7.09M
Cash Only	8.13M	7.09M
Short-Term Investments	0	0
Accounts Receivable	4.88M	6.71M
Days Sales Outstanding	20.97	20.52
Inventory	0	0
Days Inventory Outstanding	-	-
Other Current Assets	16.85M	21.42M
Total Non-Current Assets+	11.81M	12.93M
Property, Plant & Equipment	0	0
Fixed Asset Turnover	-	-
Goodwill	3.79M	3.79M
Intangible Assets	5.54M	6.23M
Long-Term Investments	0	0
Other Non-Current Assets	279K	99K
Total Assets+	41.67M	48.15M
Asset Turnover	2.04x	2.48x
Asset Growth %	-	0.16%
Total Current Liabilities+	29.11M	48.57M
Accounts Payable	7.4M	9.69M
Days Payables Outstanding	88.91	88.3
Short-Term Debt	1.9M	8.55M
Deferred Revenue (Current)	0	0
Other Current Liabilities	8.4M	11.81M
Current Ratio	1.03x	0.73x
Quick Ratio	1.03x	0.73x
Cash Conversion Cycle	-	-
Total Non-Current Liabilities+	400.16M	365.57M
Long-Term Debt	172.96M	125.1M
Capital Lease Obligations	0	0
Deferred Tax Liabilities	0	0
Other Non-Current Liabilities	227.2M	240.47M
Total Liabilities	429.27M	414.14M
Total Debt+	174.86M	133.65M
Net Debt	166.73M	126.56M
Debt / Equity	-	-
Debt / EBITDA	3.67x	1.87x
Net Debt / EBITDA	3.50x	1.77x
Interest Coverage	2.13x	3.91x
Total Equity+	-387.6M	-365.99M
Equity Growth %	-	0.06%
Book Value per Share	-41.44	-39.21
Total Shareholders' Equity	-387.6M	-365.99M
Common Stock	0	0
Retained Earnings	-387.64M	-366.32M
Treasury Stock	0	0
Accumulated OCI	0	0
Minority Interest	0	0

Cash Flow

	Dec 2023	Dec 2024
Cash from Operations+	18.65M	49.93M
Operating CF Margin %	0.22%	0.42%
Operating CF Growth %	-	1.68%
Net Income	17.89M	34.59M
Depreciation & Amortization	2.18M	3.03M
Stock-Based Compensation	41K	296K
Deferred Taxes	-2.19M	-612K
Other Non-Cash Items	1.78M	6.33M
Working Capital Changes	-1.05M	6.29M
Change in Receivables	-903K	-1.21M
Change in Inventory	0	0
Change in Payables	2.07M	2.3M
Cash from Investing+	-4.03M	-3.71M
Capital Expenditures	-4.03M	-3.71M
CapEx % of Revenue	0.05%	0.03%
Acquisitions	-	-
Investments	-	-
Other Investing	0	0
Cash from Financing+	-9.87M	-42.47M
Debt Issued (Net)	-	-
Equity Issued (Net)	-	-
Dividends Paid	-339.02M	0
Share Repurchases	-	-
Other Financing	1.44M	1.06M
Net Change in Cash	-	-
Free Cash Flow+	14.62M	46.21M
FCF Margin %	0.17%	0.39%
FCF Growth %	-	2.16%
FCF per Share	1.56	4.95
FCF Conversion (FCF/Net Income)	1.04x	1.44x
Interest Paid	20.1M	17.07M
Taxes Paid	8.6M	7.31M

Key Ratios

Metric	2023	2024
Gross Margin	64.23%	66.41%
Net Margin	21.07%	29%
Interest Coverage	2.13x	3.91x
FCF Conversion	1.04x	1.44x
Revenue Growth	-	40.57%

Revenue by Segment

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Technical Products	406.6M	416.1M	466.6M	429.2M	466.4M	502.1M	567.6M	541.6M	508.9M	664.2M
Technical Products Growth	-	2.34%	12.14%	-8.02%	8.67%	7.65%	13.05%	-4.58%	-6.04%	30.52%
Fine Paper	372.7M	401.8M	409M	442.7M	452.1M	455.3M	445.8M	396.9M	283.7M	364.3M
Fine Paper Growth	-	7.81%	1.79%	8.24%	2.12%	0.71%	-2.09%	-10.97%	-28.52%	28.41%
Other	29.5M	26.6M	27.1M	15.8M	23M	22.5M	21.5M	-	-	-
Other Growth	-	-9.83%	1.88%	-41.70%	45.57%	-2.17%	-4.44%	-	-	-

Revenue by Geography

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
North America	-	-	-	-	-	-	-	-	-	626M
North America Growth	-	-	-	-	-	-	-	-	-	-
GERMANY	-	-	-	-	-	-	216.5M	196.3M	203.9M	246.9M
GERMANY Growth	-	-	-	-	-	-	-	-9.33%	3.87%	21.09%
SPAIN	-	-	-	-	-	-	-	-	-	84.1M
SPAIN Growth	-	-	-	-	-	-	-	-	-	-
Rest Of Europe	-	-	-	-	-	-	-	-	55.6M	71.5M
Rest Of Europe Growth	-	-	-	-	-	-	-	-	-	28.60%
UNITED STATES	543.4M	564.4M	-	-	727.6M	748.9M	744.4M	673M	533.1M	-
UNITED STATES Growth	-	3.86%	-	-	-	2.93%	-0.60%	-9.59%	-20.79%	-
Europe	-	-	290.7M	200.4M	213.9M	231M	74M	69.2M	-	-
Europe Growth	-	-	-	-31.06%	6.74%	7.99%	-67.97%	-6.49%	-	-
U	-	-	612M	687.3M	-	-	-	-	-	-
U Growth	-	-	-	12.30%	-	-	-	-	-	-
Segment, Geographical, Groups of Countries, Group One	265.4M	280.1M	-	-	-	-	-	-	-	-
Segment, Geographical, Groups of Countries, Group One Growth	-	5.54%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Neptune Insurance Holdings Inc. (NP) has a price-to-earnings (P/E) ratio of 16.5x. This is roughly in line with market averages.

Growth & Financials

Neptune Insurance Holdings Inc. (NP) reported $119.3M in revenue for fiscal year 2024. This represents a 41% increase from $84.9M in 2023.

Neptune Insurance Holdings Inc. (NP) grew revenue by 40.6% over the past year. This is strong growth.

Yes, Neptune Insurance Holdings Inc. (NP) is profitable, generating $34.6M in net income for fiscal year 2024 (29.0% net margin).

Dividend & Returns

Neptune Insurance Holdings Inc. (NP) generated $46.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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