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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Horace Mann Educators Corporation (HMN) Quarterly Financial Ratios

Last 47 quarters of trend data · Financial Services · Insurance - Property & Casualty

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Horace Mann Educators Corporation's quarterly P/E stands at 13.3x, up 24.5% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 80.5% YoY to 1.9x, reflecting multiple compression or accelerating EBITDA.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
P/E Ratio →11.5813.278.0715.1311.6110.6610.5390.6114.458.6126.23—52.31
—+24.5%-23.4%-83.3%-19.6%+23.9%-59.9%—-72.4%—-1.9%—+75.1%
P/S Ratio1.071.101.131.141.111.040.910.901.010.880.850.900.99
—+6.7%+23.8%+27.5%+9.9%+17.3%+7.2%-0.5%+1.9%-23.3%-21.9%-25.4%-24.9%
P/B Ratio1.271.301.301.311.321.261.121.121.271.151.161.111.22
—+2.5%+16.0%+17.1%+4.5%+9.5%-2.8%+0.7%+4.1%-18.4%-15.2%-12.5%+6.2%
P/FCF18.603.703.113.403.162.102.518.445.153.306.714.554.01
—+75.8%+23.6%-59.7%-38.7%-36.2%-62.6%+85.6%+28.4%-52.7%-34.5%—-12.8%
EV / EBITDA1.821.898.5413.3110.539.689.9542.9413.018.6921.40—31.59
—-80.5%-14.2%-69.0%-19.1%+11.4%-53.5%—-58.8%—+60.5%—+64.3%
EV / EBIT1.82—8.3212.7210.189.439.5135.5112.368.4020.48—31.38
——-12.5%-64.2%-17.7%+12.3%-53.6%—-60.6%—+21.8%—+63.7%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Horace Mann Educators Corporation's operating margin was 75.7% in Q4 2025, up 58.6 pp QoQ and up 63.4 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 28.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 181.6% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Gross Margin100.0%100.0%38.1%32.0%33.6%35.5%31.0%24.0%32.5%32.1%22.3%17.6%26.9%
—+181.6%+22.7%+33.6%+3.3%+10.5%+39.0%+36.6%+21.1%+70.3%-27.1%-12.0%-7.4%
Operating Margin77.1%75.7%17.1%9.3%11.9%12.3%10.7%1.2%8.7%12.3%3.8%-4.6%2.3%
—+516.4%+59.6%+668.0%+36.6%+0.1%+182.9%+126.5%+274.9%+247.0%-45.2%-153.5%-69.1%
Net Margin9.5%8.3%14.0%7.5%9.5%9.7%8.6%1.0%7.0%10.3%3.3%-3.8%1.9%
—-14.3%+62.0%+648.8%+36.8%-5.4%+164.1%+126.7%+269.5%+287.5%-46.0%-197.2%-69.0%

Return on Capital

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
ROE11.7%2.5%4.2%2.2%2.9%3.0%2.7%0.3%2.2%3.5%1.1%-1.1%0.6%
—-16.6%+51.4%+592.8%+30.8%-16.4%+152.9%+127.5%+276.4%+308.6%-37.8%-280.4%-51.4%
ROA1.1%0.2%0.4%0.2%0.3%0.3%0.2%0.0%0.2%0.3%0.1%-0.1%0.0%
—-10.0%+63.1%+659.0%+41.1%-9.1%+173.8%+128.4%+282.4%+307.0%-42.7%-214.4%-65.2%
ROIC51.1%11.5%2.6%1.5%1.9%2.0%1.8%0.2%1.4%2.2%0.6%-0.7%0.4%
—+471.8%+44.2%+640.6%+34.8%-7.3%+179.0%+127.0%+275.9%+259.0%-39.9%-201.8%-57.3%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Horace Mann Educators Corporation's Debt/EBITDA ratio is 1.8x, down from 10.8x last quarter — comfortably within a safe range.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Debt / Equity0.400.400.580.400.410.420.420.450.450.460.520.450.44
—-5.8%+37.7%-11.0%-9.6%-8.5%-18.2%+0.0%+3.1%+2.5%+12.3%+14.4%+33.6%
Debt / EBITDA0.451.8010.7712.7010.049.8911.1349.6813.7910.1327.03—33.88
—-81.8%-3.3%-74.4%-27.2%-2.4%-58.8%—-59.3%—+96.6%—+94.1%
Current Ratio——0.22——————————
—————————————
Quick Ratio——0.22——————————
—————————————
Interest Coverage36.0432.939.035.246.346.685.911.534.796.492.81-1.262.21
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 47 years · Updated daily

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HMN — Frequently Asked Questions

Quick answers to the most common questions about buying HMN stock.

What is Horace Mann Educators Corporation's quarterly P/E ratio trend?

Horace Mann Educators Corporation's current P/E is 11.6x. The average P/E over the last 4 quarters is 12.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Horace Mann Educators Corporation's margins change by quarter?

Horace Mann Educators Corporation's current operating margin is 77.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at HMN quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Horace Mann Educators Corporation's business trajectory between earnings reports.

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