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Franchises independent insurance agencies selling property-casualty and other insurance products across the United States.
Franchises independent insurance agencies selling property-casualty and other insurance products across the United States.
Earns commissions paid by insurers on policies its network of agents sells, with a share passed on to the franchise agency owners; renewal commissions keep recurring as customers keep their policies. Agencies place business with many carriers, so no single insurer controls its customers. It listed in 2024.
In one line: A smaller Goosehead Insurance peer.
Moat: narrow (distribution, brand). Multi-carrier franchise agency model similar to Goosehead, with a smaller but growing agent network.
Headquarters: The Woodlands, Texas, United States · Founded: 2001 · Employees: 400
Size TWFG (TWFG) is a United States Financials company (Insurance Brokers/Services) with a market value of $1.52B, the 1983rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $28.11 on 6 Nov 2026.
Performance Over six months the shares gained 47.0%, against +26.3% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 10 in its peer set.
Growth Revenue grew 33.1% over the last twelve months (peer median +16.8%); the operating margin is 17.9% (peer median 15.9%).
Valuation It trades at 7.79× book value against a peer median of 2.73× (2nd most expensive of 8).
Price implies The share price implies a return on equity of about 29.2%; TWFG delivers 13.6%, so the price asks more than the business earns today.
Short interest Short interest is 7.2% of the free float (15 Oct 2026).
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $293M | $248M | $203M | $172M | $154M |
| Revenue growth | — | +22% | +19% | +12% | — |
| Gross profit | $122M | $96.5M | $73.3M | $49.9M | $45.6M |
| EBITDA | $76.9M | $55.4M | $39.6M | $29.8M | $27.0M |
| Net income | $8.51M | $7.96M | $2.75M | $0 | $20.6M |
| Free cash flow | $59.7M | $53.1M | $37.3M | $29.9M | $13.6M |
| Capital expenditure | $69.0M | $62.3M | $25.1M | $15.6M | $12.3M |
| Total debt | $7.64M | $8.22M | $10.3M | $51.8M | $13.3M |
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 |
|---|---|---|---|---|---|---|
| TWFG TWFG | $1.52B | +47% | +33% | 14% | 7.79× | 29.2% |
| Goosehead Insurance GSHD | $1.97B | +36% | +18% | n/a | n/a | n/a |
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 | TWFG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.2% | +0.4% | 2nd highest of 10 |
| 6-month return | +47.0% | +26.3% | 2nd highest of 10 |
| Return on equity | 13.6% | 11.3% | 4th highest of 8 |
| Price / book | 7.79× | 2.73× | 2nd most expensive of 8 |
| Trailing P/E | 47.5× | 30.9× | 2nd most expensive of 9 |
| ROE the price implies | 29.2% | 21.0% | 3rd most demanding of 8 |
| ROE delivered | 13.6% | 11.3% | 4th highest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| TWFG TWFG | United States | $1.52B | +47% | +33% | 14% | 7.79× | 29.2% | 13.6% |
| Goosehead Insurance GSHD | United States | $1.97B | +36% | +18% | n/a | n/a | n/a | n/a |
| AUB AUB.AX | Australia | $2.75B | +26% | +6% | 5% | 2.11× | 17.1% | 5.4% |
| REVO Insurance REVO.MI | Italy | $745M | -5% | +27% | 9% | 2.41× | 11.1% | 9.4% |
| Root ROOT | United States | $672M | -23% | +15% | 15% | 2.05× | 37.6% | 15.4% |
| Neptune Insurance NP | United States | $3.86B | -7% | +34% | n/a | n/a | n/a | n/a |
| CorVel CRVL | United States | $4.20B | +42% | +8% | 31% | 10.74× | 80.5% | 30.6% |
| Crawford & CRD-A | United States | $539M | +15% | -4% | 14% | 2.96× | 21.0% | 14.0% |
| Steadfast SDF.AX | Australia | $4.46B | +46% | +17% | 11% | 2.73× | 14.3% | 11.3% |
| Baldwin Insurance BWIN | United States | $4.48B | +58% | +19% | -11% | 3.48× | 26.6% | -10.7% |