White Mountains Insurance (WTM) EBT Margin (2009 - 2026)
White Mountains Insurance's EBT Margin was 30.31% in Q2 2026, up 4.70 percentage points from 25.61% a year earlier and up 35.23 percentage points from the prior quarter.
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Analysis
White Mountains Insurance (WTM) EBT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, White Mountains Insurance's EBT Margin was 34.21% through Jun 30, 2026, up 19.29 percentage points year-over-year; for FY2025, it came in at 35.57%, up 21.43 percentage points from FY2024.
- EBT Margin shows a five-year change of -38.16 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 14.14% in FY2024 (-11.96 pp), 26.09% in FY2023 (+39.00 pp), -12.90% in FY2022 (+28.29 pp) and -41.19% in FY2021 (-114.93 pp).
- Quarterly EBT Margin has moved between -163.83% (Q3 2021) and 56.18% (Q4 2025) over five years.
- Compared with a year earlier, EBT Margin was higher in four of the last eight quarters, with an average year-over-year change of +3.32 percentage points.
- The best year-over-year quarter for EBT Margin over five years was Q3 2022 (a gain of 155.74 percentage points); the worst was Q3 2021 (a drop of 233.74 percentage points).
- Per Business Quant data, WTM's EBT Margin in the three quarters before Q2 2026 was -4.92% (Q1 2026), 56.18% (Q4 2025) and 20.69% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | 31.49% |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | 22.91% |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | 17.83% |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | 22.99% |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | 22.77% |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | 13.82% |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | 5.40% |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | 10.34% |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | 22.27% |
| 10 | White Mountains Insurance | 4.81 Bn | -5.87 Bn | 764.50 Mn | 30.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.31% |
| Mar 31, 2026 | -4.92% |
| Dec 31, 2025 | 56.18% |
| Sep 30, 2025 | 20.69% |
| Jun 30, 2025 | 25.61% |
| Mar 31, 2025 | 12.53% |
| Dec 31, 2024 | -33.72% |
| Sep 30, 2024 | 28.54% |
| Jun 30, 2024 | -8.78% |
| Mar 31, 2024 | 35.93% |
| Dec 31, 2023 | 44.49% |
| Sep 30, 2023 | 4.06% |
| Jun 30, 2023 | 4.60% |
| Mar 31, 2023 | 37.43% |
| Dec 31, 2022 | 34.48% |
| Sep 30, 2022 | -8.09% |
| Jun 30, 2022 | -102.11% |
| Mar 31, 2022 | -5.68% |
| Dec 31, 2021 | 14.85% |
| Sep 30, 2021 | -163.83% |
API Access
White Mountains Insurance EBT 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=ebt-margin&ticker=WTM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "WTM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=WTM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();