Goosehead Insurance, Inc.
$46.01
+0.35 (+0.77%) · delayed · Nov 13, 2026
Five-year price
52w $33.68 to $79.85
- Market cap
- $1.8B
- Enterprise value
- $2.0B
- P/E
- 44.2×
- 50.2× on 3y avg EPS
- EV / EBIT
- 27.0×
- FCF yield
- 4.9%
- ROIC
- 40.0%
- Debt / equity
- —
- Piotroski F
- 5/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
80
- ●ROIC > 12% (5y avg)5y avg ROIC 36.2%
- ●ROE > 15% (5y avg)5y avg ROE 41.7%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ●Earnings convert to cashFCF / net income 1175% (5y avg)
- ●Growing revenueRevenue CAGR 5y 25.6%
- ○Shrinking share countDiluted shares 107.3% over 5y
Value
0
- ○P/E below 15P/E 44.2
- ○EV/EBIT below 12EV/EBIT 27.0
- ○FCF yield above 6%FCF yield 4.9%
- –Price below Graham NumberGraham Number n/a
- –P/B below 3P/B n/a
Safety
25
- –Debt / equity below 0.5D/E n/a
- ○Debt payable in < 4 yrs of earningsNet debt $0.3B
- ○Interest coverage > 8xCoverage 3.1x
- ●Current ratio > 1.5Current ratio 1.60
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
0
- ○Adequate size (revenue > $2B)Revenue $0.4B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.60
- ○Earnings stability (no loss, 10y)9 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 50.2
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
At $46.01, the market is pricing in about 7.7% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $258M · 38M shares · 5y revenue CAGR 25.6%
Intrinsic value
$126.23
Price
$46.01
Margin of safety
64%
What the price implies
The market is paying for 7.7% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
70% of the value sits beyond year 10. That means the answer depends mostly on the long-run assumptions.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 60 | 77 | 117 | 151 | 209 | 0 | 0 | 365 |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Operating income | 8 | (14) | 14 | 20 | 9 | 10 | 33 | 61 | 74 |
| Operating margin | 17.8% | -23.2% | 18.2% | 17.0% | 5.7% | 4.8% | — | — | 20.4% |
| Pre-tax income | 9 | (18) | 12 | 18 | 6 | 5 | 26 | 47 | 51 |
| Income tax | 0 | 0 | 1 | (1) | (2) | 2 | 3 | (2) | 6 |
| Net income | 0 | (9) | 4 | 9 | 5 | 1 | 14 | 30 | 28 |
| EPS (diluted) | — | -0.66 | 0.22 | 0.51 | 0.26 | 0.03 | 0.55 | 1.16 | 1.04 |
| Diluted shares | — | 14 | 16 | 18 | 21 | 22 | 38 | 38 | 38 |
Who owns it