Heritage Historical Income Statement
| HRTG Stock | USD 12.43 0.06 0.48% |
Historical analysis of Heritage Insurance income statement accounts such as Total Revenue of 476 M or Gross Profit of 476 M can show how well Heritage Insurance Hldgs performed in making a profits. Evaluating Heritage Insurance income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Heritage Insurance's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Heritage Insurance Hldgs latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Heritage Insurance Hldgs is a good buy for the upcoming year.
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About Heritage Income Statement Analysis
Heritage Insurance Hldgs Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Heritage Insurance shareholders. The income statement also shows Heritage investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Heritage Insurance Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Heritage Insurance Hldgs generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Heritage Insurance Hldgs minus its cost of goods sold. It is profit before Heritage Insurance operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Heritage Insurance Hldgs. It is also known as Heritage Insurance overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Heritage Insurance's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Heritage Insurance Hldgs current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Heritage Insurance's EBITDA is most likely to decrease significantly in the upcoming years. The Heritage Insurance's current Total Operating Expenses is estimated to increase to about 705.9 M, while Selling General Administrative is projected to decrease to roughly 64.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 631.6M | 662.5M | 735.5M | 476.0M | Total Revenue | 631.6M | 662.5M | 735.5M | 476.0M |
Heritage Insurance income statement Correlations
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Heritage Insurance Account Relationship Matchups
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Heritage Insurance income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 8.5M | 8.0M | 8.0M | 8.8M | 11.2M | 7.0M | |
| Selling General Administrative | 80.5M | 81.5M | 65.8M | 70.4M | 77.8M | 64.9M | |
| Total Revenue | 511.3M | 593.4M | 631.6M | 662.5M | 735.5M | 476.0M | |
| Gross Profit | 511.3M | 593.4M | 631.6M | 662.5M | 735.5M | 476.0M | |
| Other Operating Expenses | 470.3M | 591.2M | 707.6M | 828.6M | 672.3M | 455.0M | |
| Operating Income | 27.0M | (11.8M) | (90.9M) | (157.4M) | 63.2M | 66.4M | |
| Ebit | 37.3M | 10.2M | (68.1M) | (165.7M) | 63.2M | 66.4M | |
| Ebitda | 37.4M | 18.3M | (59.6M) | (157.4M) | 71.9M | 75.5M | |
| Total Operating Expenses | (484.3M) | (605.1M) | (722.4M) | 70.4M | 672.3M | 705.9M | |
| Income Before Tax | 41.0M | 2.2M | (76.0M) | (166.2M) | 52.0M | 54.6M | |
| Total Other Income Expense Net | 14.0M | (8.0M) | (8.0M) | (8.8M) | (11.2M) | (10.6M) | |
| Net Income | 28.6M | 9.3M | (74.7M) | (154.4M) | 45.3M | 47.6M | |
| Income Tax Expense | 12.4M | (7.1M) | (1.3M) | (11.8M) | 6.7M | 9.0M | |
| Depreciation And Amortization | 171.9K | 8.1M | 8.4M | 8.4M | 8.7M | 9.1M | |
| Cost Of Revenue | 381.2M | 373.4M | 427.4M | 501.2M | 2.2M | 2.1M | |
| Net Income Applicable To Common Shares | 28.6M | 9.3M | (74.7M) | (154.4M) | (138.9M) | (132.0M) | |
| Net Income From Continuing Ops | 28.6M | 9.3M | (74.7M) | (154.4M) | 45.3M | 47.6M | |
| Tax Provision | 12.4M | (7.1M) | (1.3M) | (11.8M) | 6.7M | 7.7M | |
| Net Interest Income | (8.5M) | (8.0M) | (8.0M) | (8.8M) | (11.2M) | (11.8M) | |
| Non Operating Income Net Other | 19.7M | 20.7M | (13.7M) | (64.3M) | (57.9M) | (55.0M) | |
| Reconciled Depreciation | 10.4M | 8.1M | 8.4M | 8.4M | 8.7M | 9.0M |
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When determining whether Heritage Insurance Hldgs is a strong investment it is important to analyze Heritage Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Heritage Insurance's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Insurance. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.033 | Earnings Share 2.53 | Revenue Per Share 26.755 | Quarterly Revenue Growth 0.137 | Return On Assets 0.0259 |
The market value of Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.