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Sells monthly pet medical insurance in the US and Canada, paying veterinary invoices directly at time of treatment.
Sells monthly pet medical insurance in the US and Canada, paying veterinary invoices directly at time of treatment.
Collects monthly premiums and keeps what is not paid out in claims, so results depend on pricing ahead of veterinary cost inflation and on policies staying in force as pets age. It carries the insurance risk itself and wins customers largely through vet clinics and referrals.
Moat: narrow (distribution, brand, switching costs). Direct-pay veterinary software integration is a differentiated, hard-to-replicate claims experience.
Headquarters: Seattle, Washington, United States · Founded: 2000 · Employees: 1,121
Size Trupanion (TRUP) is a United States Financials company (Multi-Line Insurance) with a market value of $1.61B, the 1942nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $36.75 on 6 Nov 2026.
Performance Over six months the shares gained 49.3%, against -1.0% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 11.8% over the last twelve months (peer median +11.9%); the operating margin is 1.7% (peer median 9.1%).
Valuation It trades at 3.94× book value against a peer median of 1.05× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 35.3%; Trupanion delivers 6.1%, so the price asks more than the business earns today.
Short interest Short interest is 8.4% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.52B | $1.44B | $1.29B | $1.11B | $905M |
| Revenue growth | — | +12% | +16% | +22% | — |
| Net income | $23.2M | $19.4M | -$9.63M | -$44.7M | -$44.7M |
| Free cash flow | $82.2M | $75.4M | $38.6M | $358,000 | -$25.1M |
| Capital expenditure | $11.9M | $14.1M | $9.72M | $18.3M | $17.1M |
| Total debt | $107M | $112M | $129M | $129M | $69.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Trupanion TRUP | $1.61B | +49% | +12% | 6% | 3.94× | 35.3% |
| MetLife MET | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% |
| Chewy CHWY | $9.07B | -2% | +6% | 72% | 24.45× | 211.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TRUP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +42.3% | +1.6% | highest of 21 |
| 6-month return | +49.3% | -1.0% | 2nd highest of 21 |
| Return on equity | 6.1% | 10.0% | 9th lowest of 21 |
| Price / book | 3.94× | 1.05× | 3rd most expensive of 21 |
| Trailing P/E | 69.1× | 12.0× | 3rd most expensive of 19 |
| ROE the price implies | 35.3% | 8.4% | 3rd most demanding of 20 |
| ROE delivered | 6.1% | 9.9% | 8th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Trupanion TRUP | United States | $1.61B | +49% | +12% | 6% | 3.94× | 35.3% | 6.1% |
| Korean Reinsurance 003690.KS | South Korea | $1.74B | +8% | -2% | 14% | 0.73× | 4.8% | 14.4% |
| Linea Directa Aseguradora LDA.MC | Spain | $1.48B | +3% | +10% | 23% | 3.07× | 11.7% | 23.3% |
| Wuestenrot & Wuerttembergische WUW.DE | Germany | $1.39B | -6% | +4% | 3% | 0.25× | 3.6% | 2.7% |
| Zhongan Online P&C Insurance 6060.HK | Hong Kong | $2.06B | -19% | +16% | 8% | 0.54× | 8.0% | 8.2% |
| Seoul Guarantee Insurance 031210.KS | South Korea | $2.26B | -8% | +14% | 6% | 0.61× | 4.5% | 6.0% |
| NIB NHF.AX | Australia | $2.29B | +4% | +5% | 17% | 2.90× | 13.2% | 16.6% |
| Pelagos Insurance Capital PLGO | United States | $2.29B | +33% | -4% | 18% | 1.03× | 6.5% | 17.6% |
| Central Reinsurance 2851.TW | Taiwan | $1.12B | +52% | +21% | 37% | 1.41× | 5.1% | 37.4% |
| Bowhead Specialty BOW | United States | $1.12B | +26% | +24% | 14% | 2.48× | 11.3% | 13.6% |
| Chesnara CSN.L | United Kingdom | $1.08B | +11% | +192% | 0% | 2.14× | 15.7% | 0.3% |
| Go Digit General Insurance GODIGIT.NS | India | $2.44B | -21% | +9% | 12% | 4.91× | 37.4% | n/a |
| Vaudoise Assurances VAHN.SW | Switzerland | $2.66B | -8% | +14% | 6% | 0.78× | n/a | 5.9% |
| Skyward Specialty Insurance SKWD | United States | $2.68B | +29% | +38% | 17% | 2.11× | 10.2% | 17.3% |
| New India Assurance NIACL.NS | India | $2.74B | -5% | +9% | -1% | 0.62× | 14.0% | -1.3% |
| Lemonade LMND | United States | $3.06B | -28% | +77% | -27% | 6.12× | 75.0% | -27.0% |
| F&G Annuities & Life FG | United States | $3.06B | -17% | +14% | 9% | 0.66× | 8.4% | 9.2% |
| Religare Enterprises RELIGARE.NS | India | $845M | +4% | +18% | 3% | 2.67× | 23.7% | n/a |
| Sagicor Financial SFC.TO | Canada | $792M | -14% | -4% | 12% | 0.75× | 4.6% | 11.6% |
| Genworth Financial GNW | United States | $3.29B | -5% | -1% | 2% | 0.38× | 5.3% | 2.3% |
| Donegal DGICA | United States | $723M | +9% | -3% | 11% | 1.07× | 6.6% | 10.7% |