Hagerty (HGTY) Gross Margin (2021 - 2025)
Hagerty (HGTY) posted Gross Margin of 84.92% for Q4 2025, up 6.74% sequentially from 79.56% in Q3 2025, and down 195.0% YoY from 89.39% in Q4 2024.
Hagerty (HGTY) Gross Margin (2021 - 2025) Analysis & Trends
Hagerty (HGTY) has 5 years of Gross Margin data on file, last reported at 84.92% in Q4 2025.
- Quarterly Gross Margin fell 195.0% year-over-year to 84.92% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 76.85% (down 781.0% YoY) and the FY2025 annual result came in at 82.27%, down 238.0% from the prior year.
- Gross Margin climbed to 84.92% in Q4 2025 per HGTY's latest filing, from 79.56% in the prior quarter.
- The five-year high for Gross Margin was 93.8% in Q4 2022, with the low at 60.2% in Q2 2022.
- Average Gross Margin over 5 years is 78.59%, with a median of 82.19% recorded in 2023.
- The widest YoY moves for Gross Margin: up 2576 bps in 2022, down 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 slipped by 6 bps to 88.38% in 2023, then fell by 2 bps to 86.88% in 2024, then retreated by 2 bps to 84.92% in 2025.
- Business Quant data shows HGTY's Gross Margin at 84.92% in Q4 2025, 79.56% in Q3 2025, and 62.1% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | 67.14% |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 37.68% |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 58.50% |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 99.65% |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 46.48% |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 86.87% |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | -153.50% |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 39.99% |
| 10 | Hagerty | 1.22 Bn | 1.43 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% |