Hagerty (HGTY) Operating Margin (2020 - 2025)
Hagerty's Operating Margin came in at 9.03% for Q3 2025, up 5.91 percentage points from 3.12% a year earlier but down 3.54 percentage points from the prior quarter.
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Analysis
Hagerty (HGTY) Operating Margin (2020 - 2025) Analysis & Trends
Over the trailing twelve months to Sep 30, 2025, Hagerty reported Operating Margin of 8.01%, up 3.44 percentage points year-over-year; for FY2024, it came in at 5.35%, up 4.34 percentage points from FY2023.
- Operating Margin carries a four-year change of +2.18 percentage points (FY2020 to FY2024).
- Going back by year, Operating Margin was 1.01% in FY2023 (+9.59 pp), -8.58% in FY2022 (-6.95 pp), -1.63% in FY2021 (-4.80 pp) and 3.17% in FY2020.
- The five-year range for quarterly Operating Margin is -18.13% (Q4 2022) to 12.58% (Q2 2025).
- Year-over-year, Operating Margin has increased for four consecutive quarters, with an average year-over-year change of +5.56 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2023 (a gain of 15.75 percentage points), and the weakest in Q3 2022 (a drop of 10.84 percentage points).
- Business Quant data shows HGTY's Operating Margin at 12.58% (Q2 2025), 7.84% (Q1 2025) and 1.81% (Q4 2024) in the three quarters before Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | -29.67% |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | -19.39% |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | -43.89% |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | 25.65% |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | -25.96% |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | - |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | -53.77% |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | - |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | -30.76% |
| 10 | Hagerty | 4.64 Bn | 4.12 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 9.03% |
| Jun 30, 2025 | 12.58% |
| Mar 31, 2025 | 7.84% |
| Dec 31, 2024 | 1.81% |
| Sep 30, 2024 | 3.12% |
| Jun 30, 2024 | 12.15% |
| Mar 31, 2024 | 4.50% |
| Dec 31, 2023 | -2.38% |
| Sep 30, 2023 | 5.85% |
| Jun 30, 2023 | 6.60% |
| Mar 31, 2023 | -7.55% |
| Dec 31, 2022 | -18.13% |
| Sep 30, 2022 | -9.79% |
| Jun 30, 2022 | 1.16% |
| Mar 31, 2022 | -7.75% |
| Dec 31, 2021 | -13.61% |
| Sep 30, 2021 | 1.05% |
| Jun 30, 2021 | 8.53% |
| Mar 31, 2021 | -3.94% |
| Dec 31, 2020 | -8.30% |
API Access
Hagerty Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=HGTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "HGTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=HGTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();