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

NP •
TechnologyApplication SoftwareFinancial services and insurance software
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

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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

Financial services and insurance software
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Size & Scale
Valuation
Per Share
Growth
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Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GWREGuidewire Software, Inc.12.28B145.32179.4122.64%7.23%6%2.4%0.49
QTWOQ2 Holdings, Inc.3.01B48.1260.1514.12%4.12%5.09%6.47%0.52
FICOFair Isaac Corporation33.49B1409.3653.1015.91%31.89%2.3%
SPNSSapiens International Corporation N.V.2.43B43.4533.685.4%11.4%12.2%2.97%0.13
INTUIntuit Inc.114.17B409.0329.9215.63%21.57%22.78%5.33%0.34
OPFIOppFi Inc.589.26M9.1825.503.34%0.68%1.4%52.74%1.42
BLBlackLine, Inc.2.21B35.2524.3110.74%3.5%6.6%8.52%1.90
SSNCSS&C Technologies Holdings, Inc.18.33B75.2923.906.63%13.86%12.2%9.08%0.03

Compare NP vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

vs INTU

Compare head-to-head with Intuit Inc.

vs FICO

Compare head-to-head with Fair Isaac Corporation

Compare Top 5

vs INTU, FICO, SSNC, GWRE

Profit & Loss

Dec 2023Dec 2024
Sales/Revenue+84.87M119.3M
Revenue Growth %-40.57%
Cost of Goods Sold+30.36M40.07M
COGS % of Revenue35.77%33.59%
Gross Profit+54.51M79.23M
Gross Margin %64.23%66.41%
Gross Profit Growth %-45.35%
Operating Expenses+9.08M10.78M
OpEx % of Revenue10.7%9.04%
Selling, General & Admin6.9M7.76M
SG&A % of Revenue8.13%6.5%
Research & Development00
R&D % of Revenue--
Other Operating Expenses2.18M3.03M
Operating Income+45.43M68.45M
Operating Margin %53.53%57.37%
Operating Income Growth %-50.66%
EBITDA+47.61M71.47M
EBITDA Margin %56.1%59.91%
EBITDA Growth %-50.11%
D&A (Non-Cash Add-back)2.18M3.03M
EBIT45.18M63.9M
Net Interest Income+-21.02M-16.64M
Interest Income308K880K
Interest Expense21.33M17.52M
Other Income/Expense-21.57M-22.07M
Pretax Income+23.86M46.38M
Pretax Margin %28.11%38.88%
Income Tax+5.97M11.79M
Effective Tax Rate %74.97%74.58%
Net Income+17.89M34.59M
Net Margin %21.07%29%
Net Income Growth %-93.4%
Net Income (Continuing)17.89M34.59M
Discontinued Operations00
Minority Interest00
EPS (Diluted)+1.041.58
EPS Growth %-51.92%
EPS (Basic)1.041.58
Diluted Shares Outstanding9.35M9.34M
Basic Shares Outstanding9.35M9.34M
Dividend Payout Ratio1895.47%-

Balance Sheet

Dec 2023Dec 2024
Total Current Assets+29.86M35.23M
Cash & Short-Term Investments8.13M7.09M
Cash Only8.13M7.09M
Short-Term Investments00
Accounts Receivable4.88M6.71M
Days Sales Outstanding20.9720.52
Inventory00
Days Inventory Outstanding--
Other Current Assets16.85M21.42M
Total Non-Current Assets+11.81M12.93M
Property, Plant & Equipment00
Fixed Asset Turnover--
Goodwill3.79M3.79M
Intangible Assets5.54M6.23M
Long-Term Investments00
Other Non-Current Assets279K99K
Total Assets+41.67M48.15M
Asset Turnover2.04x2.48x
Asset Growth %-15.56%
Total Current Liabilities+29.11M48.57M
Accounts Payable7.4M9.69M
Days Payables Outstanding88.9188.3
Short-Term Debt1.9M8.55M
Deferred Revenue (Current)00
Other Current Liabilities8.4M11.81M
Current Ratio1.03x0.73x
Quick Ratio1.03x0.73x
Cash Conversion Cycle--
Total Non-Current Liabilities+400.16M365.57M
Long-Term Debt172.96M125.1M
Capital Lease Obligations00
Deferred Tax Liabilities00
Other Non-Current Liabilities227.2M240.47M
Total Liabilities429.27M414.14M
Total Debt+174.86M133.65M
Net Debt166.73M126.56M
Debt / Equity--
Debt / EBITDA3.67x1.87x
Net Debt / EBITDA3.50x1.77x
Interest Coverage2.13x3.91x
Total Equity+-387.6M-365.99M
Equity Growth %-5.58%
Book Value per Share-41.44-39.21
Total Shareholders' Equity-387.6M-365.99M
Common Stock00
Retained Earnings-387.64M-366.32M
Treasury Stock00
Accumulated OCI00
Minority Interest00

Cash Flow

Dec 2023Dec 2024
Cash from Operations+18.65M49.93M
Operating CF Margin %21.97%41.85%
Operating CF Growth %-167.74%
Net Income17.89M34.59M
Depreciation & Amortization2.18M3.03M
Stock-Based Compensation41K296K
Deferred Taxes-2.19M-612K
Other Non-Cash Items1.78M6.33M
Working Capital Changes-1.05M6.29M
Change in Receivables-903K-1.21M
Change in Inventory00
Change in Payables2.07M2.3M
Cash from Investing+-4.03M-3.71M
Capital Expenditures-4.03M-3.71M
CapEx % of Revenue4.75%3.11%
Acquisitions00
Investments--
Other Investing00
Cash from Financing+-9.87M-42.47M
Debt Issued (Net)108.65M-43.52M
Equity Issued (Net)1000K0
Dividends Paid-339.02M0
Share Repurchases-10M0
Other Financing1.44M1.06M
Net Change in Cash4.75M3.75M
Free Cash Flow+14.62M46.21M
FCF Margin %17.22%38.74%
FCF Growth %-216.16%
FCF per Share1.564.95
FCF Conversion (FCF/Net Income)1.04x1.44x
Interest Paid20.1M17.07M
Taxes Paid8.6M7.31M

Key Ratios

Metric20232024
Gross Margin64.23%66.41%
Net Margin21.07%29%
Interest Coverage2.13x3.91x
FCF Conversion1.04x1.44x
Revenue Growth-40.57%

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