Trupanion (TRUP) Net Margin (2013 - 2026)
Trupanion's (TRUP) quarterly Net Margin came in at 1.27% in Q1 2026, up 170.0% YoY from 0.47% in Q1 2025, and down 14.95% on a QoQ basis from 1.49% in Q4 2025.
Trupanion (TRUP) Net Margin (2013 - 2026) Analysis & Trends
Trupanion (TRUP) has 14 years of Net Margin data on file, last reported at 1.27% in Q1 2026.
- Quarterly Net Margin rose 170.0% year-over-year to 1.27% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.74% (up 206.0% YoY) and the FY2025 annual result came in at 1.35%, up 210.0% from the prior year.
- Net Margin slipped to 1.27% in Q1 2026, from 1.49% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 2.66% in Q2 2025 to a low of 9.67% in Q1 2023.
- A 5-year average of 1.96% and a median of 1.41% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2023 — Net Margin tumbled 537 bps — and 2024, when it soared 743 bps.
- Tracing TRUP's Net Margin over 5 years: stood at 3.77% in 2022, then surged by 81 bps to 0.73% in 2023, then soared by 167 bps to 0.49% in 2024, then soared by 204 bps to 1.49% in 2025, then dropped by 15 bps to 1.27% in 2026.
- The last three Net Margin figures came in at 1.27% (Q1 2026), 1.49% (Q4 2025), and 1.6% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | 18.22% |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | 14.02% |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | 20.53% |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | 17.43% |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | - |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | 29.36% |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | 9.95% |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | 29.09% |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | 8.64% |
| 10 | Trupanion | 1.34 Bn | 939.23 Mn | 65.13 Mn | 1.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.74% |
| Mar 31, 2026 | 1.27% |
| Dec 31, 2025 | 1.49% |
| Sep 30, 2025 | 1.60% |
| Jun 30, 2025 | 2.66% |
| Mar 31, 2025 | -0.43% |
| Dec 31, 2024 | 0.49% |
| Sep 30, 2024 | 0.44% |
| Jun 30, 2024 | -1.86% |
| Mar 31, 2024 | -2.24% |
| Dec 31, 2023 | -0.73% |
| Sep 30, 2023 | -1.41% |
| Jun 30, 2023 | -5.07% |
| Mar 31, 2023 | -9.67% |
| Dec 31, 2022 | -3.77% |
| Sep 30, 2022 | -5.52% |
| Jun 30, 2022 | -6.21% |
| Mar 31, 2022 | -4.30% |
| Dec 31, 2021 | -3.62% |
| Sep 30, 2021 | -3.75% |