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TWFG, Inc. Common Stock(TWFG)Earnings, Financials & Key Ratios
TWFG•NASDAQ•Insurance & Managed Care
42.5× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryInsurance BrokersSub-IndustryBroker consolidators and retail brokers
AboutTWFG, Inc. operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers' compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits. The company was founded in 2001 and is based in The Woodlands, Texas. TWFG, Inc. operates as a subsidiary of Bunch Family Holdings, LLC.Show more
- Revenue$234M+20.8%
- Combined Ratio89.8%+4.9%
- Net Income$8M+190.1%
- Return on Equity2.7%+50.5%
- Medical Cost Ratio73.16%-3.7%
- Operating Margin10.2%-29.2%
- Net Margin3.4%+140.2%
- ROA2.29%+83.3%
- Equity / Assets85.01%-0.1%
TWFG Key Insights
TWFG, Inc. Common Stock (TWFG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Profitable underwriting: 89.8% combined ratio
- ✓Strong Piotroski F-Score: 8/9
✗Weaknesses
- ✗Weak 3Y average ROE of 2.2%
- ✗Shares diluted 100.0% in last year
- ✗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.
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TWFG Price & Volume
TWFG, Inc. Common Stock (TWFG) stock price & volume — 10-year historical chart
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TWFG Growth Metrics
TWFG, Inc. Common Stock (TWFG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years16.55%
TTM27.03%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM105.29%
EPS CAGR
10 Years-
5 Years-
3 Years150.1%
TTM-16.25%
Return on Capital
10 Years22.97%
5 Years22.97%
3 Years18.96%
Last Year7.33%
TWFG Recent Earnings
TWFG, Inc. Common Stock (TWFG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (88%)●Beat Revenue 3/12 qtrs (38%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.29+45.0%
$0.20
Rev
$73M+7.6%
$68M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.30+66.7%
$0.18
Rev
$69M+9.4%
$63M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.23+21.1%
$0.19
Rev
$62M-0.8%
$62M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.20+11.1%
$0.18
Rev
$58M-10.8%
$65M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.29vs $0.20+45.0% | $73Mvs $68M+7.6% |
| Q1 2026 | Feb 25, 2026 | $0.30vs $0.18+66.7% | $69Mvs $63M+9.4% |
| Q4 2025 | Nov 12, 2025 | $0.23vs $0.19+21.1% | $62Mvs $62M-0.8% |
| Q3 2025 | Aug 12, 2025 | $0.20vs $0.18+11.1% | $58Mvs $65M-10.8% |
Based on last 12 quarters of dataView full earnings history →
TWFG Peer Comparison
TWFG, Inc. Common Stock (TWFG) competitors in Broker consolidators and retail brokers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GSHD | 872.97M | 36.88 | 35.46 | 16.15% | 7.94% | |||
 SLQT | 174.25M | 0.99 | 74.32 | 15.5% | 4.45% | 12.16% | 0.72 | |
 RYAN | 4.53B | 34.97 | 74.40 | 21.28% | 4.17% | 10.77% | 2.82 | |
 ACGL | 32.48B | 91.18 | 7.85 | 14.27% | 22.07% | 19.02% | 0.11 | |
 AON | 68.08B | 317.74 | 18.67 | 9.45% | 22.54% | 44.16% | 1.73 | |
 MMC | 85.27B | 174.06 | 21.28 | 7.57% | 15.6% | 26.87% | 1.62 | |
 WTW | 24.06B | 255.20 | 15.70 | -2.24% | 16.84% | 20.77% | 0.86 | |
 AJG | 55.03B | 214.06 | 37.23 | 20.66% | 10.72% | 6.5% | 0.60 |
Compare TWFG vs Peers
TWFG, Inc. Common Stock (TWFG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TWFG Income Statement
TWFG, Inc. Common Stock (TWFG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Revenue | 147.78M | 166.99M | 193.72M | 233.96M | 255M |
Revenue Growth % | - | 13% | 16.01% | 20.77% | 27.03% |
Medical Costs & Claims | 117.15M | 130.82M | 147.15M | 171.15M | 180.51M |
Medical Cost Ratio % | 79.27% | 78.34% | 75.96% | 73.16% | 70.79% |
Gross Profit | 30.63M▲ 0% | 36.17M▲ 18.1% | 46.57M▲ 28.7% | 62.81M▲ 34.9% | 74.49M▲ 0% |
Gross Margin % | 20.73% | 21.66% | 24.04% | 26.84% | 29.21% |
Gross Profit Growth % | - | 18.09% | 28.74% | 34.86% | - |
Operating Expenses | 6.92M | 10.78M | 18.64M | 38.93M | 38.21M |
OpEx / Revenue % | 4.68% | 6.46% | 9.62% | 16.64% | 14.98% |
Depreciation & Amortization | 3.3M | 4.86M | 12.02M | 18.35M | 21.16M |
Combined Ratio % | 83.95% | 84.79% | 85.58% | 89.8% | 85.77% |
Operating Income | 23.72M▲ 0% | 25.39M▲ 7.1% | 27.93M▲ 10.0% | 23.87M▼ 14.5% | 36.29M▲ 0% |
Operating Margin % | 16.05% | 15.21% | 14.42% | 10.2% | 14.23% |
Operating Income Growth % | - | 7.06% | 9.98% | -14.51% | - |
EBITDA | 27.02M | 30.25M | 39.95M | 42.23M | 57.45M |
EBITDA Margin % | 18.28% | 18.12% | 20.62% | 18.05% | 22.53% |
Interest Expense | 398K | 1M | 2.22M | 287K | 266K |
Non-Operating Income | -28K | -874K | -4.38M | -20.86M | -15.13M |
Pretax Income | 23.35M▲ 0% | 25.26M▲ 8.2% | 30.09M▲ 19.1% | 44.45M▲ 47.7% | 51.15M▲ 0% |
Pretax Margin % | 15.8% | 15.13% | 15.53% | 19% | 20.06% |
Income Tax | 0 | 0 | 1.5M | 3.28M | 3.76M |
Effective Tax Rate % | 0% | 0% | 4.97% | 7.38% | 7.34% |
Net Income | 0▲ 0% | 0▲ 0% | 2.75M▲ 0% | 7.96M▲ 190.1% | 8.38M▲ 0% |
Net Margin % | 0% | 0% | 1.42% | 3.4% | 3.29% |
Net Income Growth % | - | - | - | 190.09% | 105.29% |
EPS (Diluted) | 0.03▲ 0% | 0.31▲ 850.9% | 0.18▼ 41.9% | 0.51▲ 183.3% | 0.15▲ 0% |
EPS Growth % | - | 850.92% | -41.94% | 183.33% | -16.25% |
EPS (Basic) | 0.03 | 0.31 | 0.19 | 0.53 | - |
Diluted Shares Outstanding | 631.75M | 13.16M | 14.98M | 56.29M | 56.29M |
TWFG Balance Sheet
TWFG, Inc. Common Stock (TWFG) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Total Assets | 114.15M | 115.44M | 323.43M | 370.91M | 371.18M |
Asset Growth % | - | 1.12% | 180.18% | 14.68% | 156.57% |
Total Investment Assets | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
Total Current Assets | 88.72M | 75.11M | 241.85M | 224.09M | 201.39M |
Cash & Equivalents | 22.33M | 39.3M | 195.77M | 155.93M | 124.84M |
Receivables | 20.64M | 25.06M | 27.07M | 35.89M | 142.67M |
Other Current Assets | 1.08M | 10.75M | 19.01M | 32.27M | 40.06M |
Goodwill & Intangibles | 21.36M | 36.44M | 72.98M | 138.63M | 555.53M |
Goodwill | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 21.36M | 36.44M | 72.98M | 138.63M | 161.61M |
PP&E (Net) | 2.92M | 3.06M | 7.99M | 7.5M | 7.51M |
Other Assets | 1.16M | 837K | 610K | 690K | 664K |
Total Liabilities | 56.37M | 84.39M | 48.14M | 55.59M | 64.74M |
Total Debt | 13.31M | 51.76M | 10.3M | 11.12M | 7.56M |
Net Debt | -9.02M | 12.46M | -185.47M | -144.8M | -117.29M |
Long-Term Debt | 8.36M | 46.92M | 4.01M | 4.93M | 1.53M |
Short-Term Debt | 2.64M | 2.44M | 1.91M | 3.29M | 3.21M |
Total Current Liabilities | 46.33M | 34.91M | 39.62M | 3.29M | 3.21M |
Accounts Payable | 9.71M | 14.05M | 17.08M | 0 | 0 |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 33.34M | 12.17M | 14.69M | 0 | 0 |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 0 | 1.04M | 1.15M | 44.46M | 57.19M |
Total Equity | 57.79M▲ 0% | 31.05M▼ 46.3% | 275.29M▲ 786.6% | 315.32M▲ 14.5% | 306.43M▲ 0% |
Equity Growth % | - | -46.27% | 786.56% | 14.54% | 362.29% |
Shareholders Equity | 57.79M | 31.05M | 73.88M | 83.09M | 69.18M |
Minority Interest | 0 | 0 | 201.4M | 232.23M | 237.25M |
Retained Earnings | 32.18M | 4.8M | 15.29M | 22.96M | 25.01M |
Common Stock | 632K | 632K | 148K | 150K | 142K |
Accumulated OCI | -140K | 500K | 83K | 30K | 26K |
Return on Equity (ROE) | - | - | 1.79% | 2.7% | 2.78% |
Return on Assets (ROA) | - | - | 1.25% | 2.29% | 2.34% |
Equity / Assets | 50.62% | 26.9% | 85.12% | 85.01% | 82.56% |
Debt / Equity | 0.23x | 1.67x | 0.04x | 0.04x | 0.02x |
Book Value per Share | 0.09 | 2.36 | 18.37 | 5.60 | 5.44 |
Tangible BV per Share | 0.06 | -0.41 | 13.50 | 3.14 | 2.57 |
TWFG Cash Flow Statement
TWFG, Inc. Common Stock (TWFG) cash flow — operating, investing & free cash flow history
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Cash from Operations | 25.75M | 30.15M | 40.48M | 53.5M | 60.58M |
Operating CF Growth % | - | 17.08% | 34.24% | 32.17% | 117.23% |
Operating CF / Revenue % | 17.43% | 18.06% | 20.9% | 22.87% | 23.75% |
Net Income | 23.35M | 25.26M | 28.59M | 41.17M | 8.38M |
Depreciation & Amortization | 3.3M | 4.86M | 12.02M | 18.35M | 21.16M |
Stock-Based Compensation | 0 | 0 | 2.22M | 4.58M | 3.37M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 3.34M | 1.47M | 1.05M | 225K | 11.76M |
Working Capital Changes | -4.24M | -1.44M | -3.4M | -10.82M | -11.79M |
Cash from Investing | -14.5M | -14.65M | -25.05M | -70.38M | -87.55M |
Capital Expenditures | -12.28M | -260K | -3.2M | -356K | -29.38M |
Acquisitions | 0 | 0 | 0 | 0 | 0 |
Purchase of Investments | 0 | 0 | 0 | 0 | 0 |
Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 |
Other Investing | -2.23M | -14.39M | -21.85M | -70.02M | -58.17M |
Cash from Financing | -15.26M | -9.7M | 143.43M | -20.55M | -37.65M |
Dividends Paid | -20.56M | -33.41M | -9.31M | 0 | -13.84M |
Share Repurchases | 0 | 0 | 0 | 0 | -16.56M |
Stock Issued | 0 | 0 | 193.55M | -445K | 0 |
Debt Issuance (Net) | -1000K | 1000K | -1000K | -1000K | -1.93M |
Other Financing | 7.85M | -14.63M | 2.62M | -18.19M | -5.33M |
Net Change in Cash | -4.01M▲ 0% | 5.8M▲ 244.6% | 158.85M▲ 2637.0% | -37.42M▼ 123.6% | -64.63M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 44.68M | 40.66M | 46.47M | 205.32M | 167.9M |
Cash at End | 40.66M | 46.47M | 205.32M | 167.9M | 143.65M |
Free Cash Flow | 13.48M▲ 0% | 14.51M▲ 7.7% | 37.28M▲ 157.0% | 53.15M▲ 42.6% | 45.26M▲ 0% |
FCF Growth % | - | 7.65% | 156.97% | 42.56% | 7.04% |
FCF Margin % | 9.12% | 8.69% | 19.24% | 22.72% | 17.75% |
FCF per Share | 0.02 | 1.1 | 2.49 | 0.94 | 0.8 |
TWFG Key Ratios
TWFG, Inc. Common Stock (TWFG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
Combined Ratio | 84.79% | 85.58% | 89.8% | 85.77% |
Medical Cost Ratio | 78.34% | 75.96% | 73.16% | 70.79% |
Return on Equity (ROE) | - | 1.79% | 2.7% | 2.78% |
Return on Assets (ROA) | - | 1.25% | 2.29% | 2.34% |
Equity / Assets | 26.9% | 85.12% | 85.01% | 82.56% |
Book Value / Share | 2.36 | 18.37 | 5.6 | 5.44 |
Debt / Equity | 1.67x | 0.04x | 0.04x | 0.02x |
Revenue Growth | 13% | 16.01% | 20.77% | 27.03% |
Related:TWFG Dividend History·TWFG Revenue History·TWFG Price History·TWFG P/E History·TWFG Financial Ratios·TWFG Institutional Holders
TWFG SEC Filings & Documents
TWFG, Inc. Common Stock (TWFG) SEC filings — annual & quarterly reports (10-K, 10-Q)
TWFG Frequently Asked Questions
TWFG, Inc. Common Stock (TWFG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
TWFG, Inc. Common Stock (TWFG) grew revenue by 20.8% over the past year. This is strong growth.
Yes, TWFG, Inc. Common Stock (TWFG) is profitable, generating $8.4M in net income for fiscal year 2025 (3.4% net margin).
Dividend & Returns
TWFG, Inc. Common Stock (TWFG) has a return on equity (ROE) of 2.7%. This is below average, suggesting room for improvement.
Industry Metrics
TWFG, Inc. Common Stock (TWFG) has a combined ratio of 89.8%. A ratio below 100% indicates underwriting profitability.