|GSHD Overview
GSHD

Goosehead Insurance, Inc.

Financials • CIK: 0001726978

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Market Cap
$1.84B
P/E (TTM)
67.0x
Rev Growth (TTM)
+16.2%
Net Margin (TTM)
7.6%
FCF Yield (TTM)
4.7%
FCF Margin (TTM)
23.6%

LATEST EARNINGS

Q4 2025
17 days ago
View source
Revenue
$105.26B
+12.1%
Net Income
$20.83B
-12.6%
EPS
$0.48
-15.8%
Operating
29.4% -0.3%
Net
19.8% -5.6%
  • Total Revenues grew 12% year-over-year to $105.3 million in Q4 2025.
  • Core Revenues increased 15% year-over-year to $78.2 million in Q4 2025, driven by strong client retention and rising premium rates.
  • Total written premiums placed increased 13% year-over-year to $1.1 billion in Q4 2025.
  • Policies in force grew 14% from the prior-year period to approximately 1,900,000.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$86M
Q4 '25
$20M-15%
Q3 '25
$24M-13%
FCF Margin
TTM23.6%
Q4 '2519.3%-27%
Sector: 22.2%Above Avg
OCF Margin25.1%
OCF/NI3.30x
CapEx Coverage16.2x
FCF Yield4.7%
FCF Growth (2Y)+49%
Cash Conversion Cycle
0 days
DSO: 0+DIO: DPO:

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM4.4%
Div Yield0.0%
+
Buyback (TTM)4.4%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$86.1M
Stock Repurchases (TTM)$81.7M
Capital Return / FCF94.9%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
P25MedianP75
(med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
Asset Turnover
0.88x
8Q: 0.89x
Leverage (1+D/E)
-2.06x
D/E: -3.06x
Asset & CapEx Efficiency
Fixed Asset Turn
16.21x
8Q:13.95x
+937.4%
CapEx/Depreciation
0.50x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
Revenue
$365.3M
$105.3M16.4%
$90.4M3.8%
$94.0M24.4%
$75.6M19.5%
$93.9M20.4%
$78.0M0.1%
$78.1M21.1%
$64.5M
Operating Income
$74.4M
$30.9M45.2%
$21.3M35.9%
$15.7M136.8%
$6.6M76.3%
$27.9M69.4%
$16.4M6.8%
$15.4M958.2%
$1.5M
Net Income
$27.8M
$12.4M57.2%
$7.9M53.6%
$5.2M119.9%
$2.3M84.2%
$14.9M96.5%
$7.6M22.0%
$6.2M241.7%
$1.8M
Operating Cash Flow
$91.8M
$23.2M4.4%
$24.2M16.3%
$28.9M86.7%
$15.5M23.9%
$12.5M55.5%
$28.1M48.9%
$18.9M56.4%
$12.1M
Free Cash Flow
$86.1M
$20.3M14.6%
$23.7M12.7%
$27.2M82.3%
$14.9M23.4%
$12.1M56.8%
$28.0M50.1%
$18.6M57.5%
$11.8M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
67.0x
Volatile
8Q: 264.1x-31065%
High PEG ratio (4.1x) suggests expensive for growth
Valuation Lenses
Earnings
67.0x
vs sector
Cash Flow
23.7x
EV/FCF vs
Growth-Adj
4.1xPEG
Expensive for growth
Quality-Adj
P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
Buyback
4.4%
Total Yield
4.4%
Market Cap$1.84B
EV$2.04B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
-64/100
Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Bottom 25%
-37.4%
8Q:
Return on Invested Capital (ROIC)
8Q:
vs Sector:0.1%

Earnings Quality

Cash Conversion

3.30x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover

Working Capital

Cash Conversion Cycle0 days

Growth Quality & Momentum

Quality Growth
Growth Quality Score
76/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
16.2%
OpInc Growth YoY
10.9%
EPS Growth YoY
-10.3%
FCF 3Y CAGR
49.2%

Growth Quality Analysis

Efficient Growth: Free cash flow growing faster than revenue
Sustainability Index: 7.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
Operating
Net
7.6%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+15.9 pts
FCF: 23.6% | Net: 7.6%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Solid
Net Debt / EBITDA
Net Debt: $254.52M
Interest Coverage
Leverage Metrics
Debt-to-Equity
-3.06x
Balance sheet risk & solvency analysis