TWFG TWFG

Insurance - Brokers, Financial Services

$28.29

−1.33%

Market cap: $1.5B
PE: 47.1×; 1y median 45.8×
Forward PE: n/m; not a meaningful number
Price to sales: 5.2×
EV/EBIT: 31.1×
Revenue, 12 months: $294.7M; +35% on a year ago
Net margin: n/m; one or more of the four quarters through 2026-06-30 missing
Free cash flow yield: 3.9%

TWFG trades at 47.1× trailing earnings, near its ten-year median. Revenue was $294.7M over the last twelve months, up 35% on a year earlier.

Charts

Financials

Income statement for TWFG, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$47.7M	$39.1M	$46.1M+16%	$53M+17%	$52.9M+11%	$51.7M+32%	$53.8M+17%	$60.3M+14%	$64.1M+21%	$70.3M+36%	$72.8M+35%	$87.5M+45%
	$7.9M	$4.8M	$7.3M+34%	$7.5M+4%	$6M−25%	$7.1M+49%	$5.7M−22%	$7.4M−2%	$9M+51%	$14.9M+108%	$12.4M+116%	$17.6M+139%
Interest expense	$295K	$450K	$842K+891%	$872K+404%	$411K+39%	$98K−78%	$83K−90%	$68K−92%	$70K−83%	$66K−33%	$62K−25%	$57K−16%
Pre-tax income	$7.6M	$5.2M	$6.6M	$6.9M	$7.3M−4%	$9.2M+77%	$7.5M+13%	$9.6M+39%	$10.6M+45%	$16.7M+82%	$14.2M+89%	$18.3M+90%
	$0	$0	$0	$0	$437K	$1.1M	$656K	$620K	$977K+124%	$1M−3%	$1.1M+73%	$1M+66%
Net income	$7.6M	−$20.9M	$0	$0	$1.2M−85%	$1.6M	$1.3M	$2M	$1.7M+49%	n/a	$1.8M+31%	$2.4M+21%
	n/a	n/a	$10.05+2%	$10.49−6%	$0.08	$0.10	$0.09−99%	$0.13−99%	$0.11+38%	$0.19+90%	$0.12+33%	$0.18+39%
	n/a	n/a	659.4K+4%	659.4K+4%	14.9M	15.3M	15.1M+2183%	56.3M+8434%	15.1M+1%	15.1M−1%	14.9M−1%	13.1M−77%

Revenue: Q1 FY23: 6 months less the 3 months printed beside them.

Operating income: Q1 FY23: 6 months less the 3 months printed beside them.

Interest expense: Q1 FY23 and Q1 FY24: 6 months less the 3 months printed beside them.

Net income: Q1 FY23: 6 months less the 3 months printed beside them.

EPS, diluted: 4 periods, Q1 FY23 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q1 FY23 and Q1 FY24: share-days: the 6-month average less the second quarter's. Q4 FY24 and Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Insurance - Brokers nearest TWFG's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
TWFGTWFG	$1.5B	47.1×	45.8×	5.2×	+35%	n/m
GSHDGoosehead Insurance	$1.7B	39.8×	175×	4.3×	+18%	8.8%
CRD-ACrawford	$603.7M	32.7×	15.6×	0.5×	−4%	1.8%
NPNeptune Insurance	$3.9B	91.7×	126×	19.9×	+34%	22.7%
CRVLCorvel	$4.2B	37.3×	38.1×	4.3×	+7%	11.7%
HGTYHagerty	$5.4B	260×	50.9×	3.7×	+8%	1.8%
ACTEnact	$6.6B	10.1×	7.8×	5.3×	+2%	54.5%
RYANRyan Specialty	$11.2B	60.7×	92.3×	3.5×	+14%	3.1%
ERIEErie Indemnity	$13.3B	23.0×	31.6×	3.2×	+4%	14.0%
Peer median	$4.8B	38.5×	44.5×	4.0×	+8%	10.2%