TWFG, Inc. (TWFG)

TWFG, Inc. operates an independent distribution platform for personal and commercial insurance products in the United States. The company offers 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. TWFG, Inc. was founded in 2001 and is based in The Woodlands, Texas.

Ticker: TWFG
Exchange: Nasdaq
Sector: Financial Services
Industry: Insurance Brokers
Market cap: $1.52B
52-week range: $16.56 - $31.42

Valuation

Share price: $28.11 (close of Nov 6, 2026)
P/E (TTM): 47.64x
Price to book: 5.68x
Price to free cash flow: 27.53x
Enterprise value: $1.45B
Book value per share: $4.95

Price performance

Period	Change
1 day	-2.94%
5 days	+4.27%
1 month	+12.40%
3 months	-1.58%
6 months	+48.57%
Year to date	-2.29%
1 year	+13.58%
All time	+27.71%

Short interest

As of: Oct 15, 2026
Short % of float: 11.52%
Shares short: 922.08K
Days to cover: 7.95
Change since prior report: +10.47%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 13.78%
Return on assets: 11.06%
Net margin: 16.56%
Revenue growth: 21.96%
Free cash flow growth: 42.56%

Cash flow and balance sheet

Free cash flow yield (TTM): 3.63%
Current ratio: 2.81x
Net debt to EBITDA: -0.83x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $248.51M
Net income: $41.17M
Earnings per share: $0.53
Interest expense: $287.00K
Shares outstanding: 14.91M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$248.51M	$41.17M	$0.53
2024-12-31	$203.76M	$2.75M	$0.19
2023-12-31	$172.04M	-	$0.00
2022-12-31	$153.88M	-	$0.00

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	16.56%	13.78%
2024-12-31	1.35%	1.00%
2023-12-31	0.00%	-
2022-12-31	0.00%	-

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$155.93M	$2.04M
2024-12-31	$195.77M	$4.01M
2023-12-31	$39.30M	$47.96M
2022-12-31	$22.33M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$53.15M	$4.58M
2024-12-31	$37.28M	$2.22M
2023-12-31	$29.89M	-
2022-12-31	$25.64M	-

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	$0.23
2026-08-05	Jun 2026	$0.24
2026-05-07	Mar 2026	$0.19
2026-02-25	Dec 2025	$0.16
2025-11-12	Sep 2025	$0.16
2025-08-12	Jun 2025	$0.16
2025-05-13	Mar 2025	$0.13
2025-03-19	Dec 2024	$0.10

Filings and sources

Company website: twfg.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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