Hagerty (HGTY) Gross Margin (2021 - 2025)
Hagerty's (HGTY) quarterly Gross Margin came in at 84.92% in Q4 2025, down 195.0% year-on-year from 89.39% in Q4 2024, and up 6.74% quarter-over-quarter from 79.56% in Q3 2025.
Hagerty (HGTY) Gross Margin (2021 - 2025) Analysis & Trends
Hagerty has disclosed Gross Margin across 5 years of filings, most recently posting 84.92% for Q4 2025.
- Gross Margin for Q4 2025 came in at 84.92%, down 195.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 76.85% (down 781.0% YoY), and the FY2025 annual result was 82.27%, down 238.0% from the prior year.
- Gross Margin came in at 84.92% for Q4 2025 at Hagerty, up from 79.56% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 93.8% in Q4 2022 to a low of 60.2% in Q2 2022.
- The 5-year median for Gross Margin is 82.19% (2023), against an average of 78.59%.
- Peak annual rise in Gross Margin reached 2576 bps in 2022, while the deepest fall reached 2286 bps in 2022.
- Hagerty's Gross Margin stood at 68.04% in 2021, then surged by 38 bps to 93.8% in 2022, then fell by 6 bps to 88.38% in 2023, then slipped by 2 bps to 86.88% in 2024, then dropped by 2 bps to 84.92% in 2025.
- The last three Gross Margin figures came in at 84.92% (Q4 2025), 79.56% (Q3 2025), and 62.1% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 58.50% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 37.68% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 46.48% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 86.87% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 73.70% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 99.65% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | 67.14% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | -153.50% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 72.35% |
| 10 | Hagerty | 1.06 Bn | 1.27 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 84.92% |
| Sep 30, 2025 | 79.56% |
| Jun 30, 2025 | 62.10% |
| Mar 31, 2025 | 67.74% |
| Dec 31, 2024 | 86.88% |
| Sep 30, 2024 | 81.71% |
| Jun 30, 2024 | 84.68% |
| Mar 31, 2024 | 85.40% |
| Dec 31, 2023 | 88.38% |
| Sep 30, 2023 | 82.68% |
| Jun 30, 2023 | 83.95% |
| Mar 31, 2023 | 70.05% |
| Dec 31, 2022 | 93.80% |
| Sep 30, 2022 | 79.66% |
| Jun 30, 2022 | 60.20% |
| Mar 31, 2022 | 63.86% |
| Dec 31, 2021 | 68.04% |
| Sep 30, 2021 | 80.90% |
| Jun 30, 2021 | 83.06% |
| Mar 31, 2021 | 84.25% |