Hagerty (HGTY) Gross Margin (2021 - 2026)

Hagerty (HGTY) posted Gross Margin of 68.6% for Q1 2026, down 41.71% sequentially from 117.69% in Q4 2025, and up 1060.0% YoY from 5.91% in Q1 2025.

Analysis

Hagerty (HGTY) Gross Margin (2021 - 2026) Analysis & Trends

Hagerty has reported Gross Margin for 6 years, with the latest figure at 68.6% in Q1 2026.

Quarterly Gross Margin rose 1060.0% year-over-year to 68.6% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 40.88% (down 2780.0% YoY) and the FY2025 annual result came in at 60.73%, down 1522.0% from the prior year.
Gross Margin retreated to 68.6% in Q1 2026 per HGTY's latest filing, from 117.69% in the prior quarter.
Over five years, Gross Margin peaked at 117.69% in Q4 2025 and troughed at 39.99% in Q3 2024.
A 5-year average of 72.35% and a median of 72.04% in 2022 frame the typical range for Gross Margin.
The widest YoY moves for Gross Margin: up 3932 bps in 2025, down 2164 bps in 2025.
Over 5 years, Gross Margin stood at 90.69% in 2022, then declined by 0 bps to 90.48% in 2023, then slipped by 13 bps to 78.37% in 2024, then jumped by 50 bps to 117.69% in 2025, then sank by 42 bps to 68.6% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 68.6%, 117.69%, and 79.31% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Chubb	133.98 Bn	120.21 Bn	9.13 Bn	57.69%
2	Progressive	130.39 Bn	125.39 Bn	9.04 Bn	38.28%
3	Travelers Companies	78.49 Bn	54.74 Bn	6.23 Bn	51.27%
4	Allstate	67.51 Bn	28.78 Bn	16.28 Bn	87.55%
5	Fairfax Financial Holdings	36.25 Bn	36.25 Bn	-	-
6	Cincinnati Financial	26.85 Bn	24.96 Bn	2.39 Bn	55.85%
7	Markel	23.09 Bn	6.21 Bn	2.83 Bn	70.46%
8	Loews	22.56 Bn	256.68 Mn	2.57 Bn	54.18%
9	Assurant	14.25 Bn	12.21 Bn	2.71 Bn	78.34%
10	Hagerty	1.37 Bn	1.07 Bn	244.11 Mn	68.80%

Historic Data

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