PLMR - Palomar Holdings, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$110.25
DETAILS
HIGH:
$134.00
LOW:
$88.00
MEDIAN:
$109.50
CONSENSUS:
$110.25
DOWNSIDE:
2.53%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 876.0 | 553.9 | 375.9 | 327.1 | 247.8 | 168.5 | 113.3 | 73.0 | 59.5 | 42.7 |
| Cost of Revenue | 228.6 | 284.4 | 180.3 | 189.4 | 136.9 | 128.2 | 42.9 | 34.5 | 37.6 | 24.6 |
| Gross Profit | 647.4 | 269.4 | 195.6 | 137.6 | 110.9 | 40.3 | 70.4 | 38.5 | 21.8 | 18.1 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Expenses | 394.0 | 118.3 | 91.9 | 70.1 | 53.8 | 34.1 | 52.4 | 20.3 | 16.9 | 11.8 |
| Operating Expenses | 394.0 | 118.3 | 91.9 | 70.1 | 53.8 | 34.1 | 52.4 | 20.3 | 16.9 | 11.8 |
| Operating Income | ||||||||||
| Operating Income | 253.4 | 151.2 | 103.6 | 67.6 | 57.1 | 6.2 | 18.1 | 18.2 | 4.9 | 6.3 |
| Interest Expense | 0.4 | 1.1 | 3.8 | 0.9 | 0.0 | 0 | 1.1 | 2.3 | 1.7 | 1.6 |
| Interest Income | 0 | 36.5 | 24.2 | 14.4 | 9.6 | 9.0 | 0 | 3.5 | 2.4 | 1.9 |
| Profitability | ||||||||||
| EBITDA | 262.6 | 157.4 | 111.9 | 72.5 | 60.7 | 7.6 | 19.4 | 20.7 | 6.8 | 8.0 |
| EBIT | 253.8 | 152.3 | 107.4 | 68.4 | 57.2 | 6.2 | 19.1 | 20.5 | 6.7 | 7.9 |
| Income Before Tax | 253.4 | 151.2 | 103.6 | 67.6 | 57.1 | 6.2 | 18.1 | 18.2 | 4.9 | 6.3 |
| Income Tax Expense | 56.3 | 33.6 | 24.4 | 15.4 | 11.3 | (0.0) | 7.5 | (0.0) | 1.1 | (0.3) |
| Net Income | 197.1 | 117.6 | 79.2 | 52.2 | 45.8 | 6.3 | 10.6 | 18.2 | 3.8 | 6.6 |
| Per Share Data | ||||||||||
| EPS (Basic) | 7.40 | 4.61 | 3.19 | 2.07 | 1.80 | 0.25 | 0.49 | 0.81 | 0.17 | 0.29 |
| EPS (Diluted) | 7.17 | 4.48 | 3.13 | 2.02 | 1.76 | 0.24 | 0.49 | 0.81 | 0.17 | 0.29 |
| Shares Outstanding | 26.6 | 25.5 | 24.8 | 25.2 | 25.5 | 24.9 | 21.5 | 22.6 | 17.2 | 17.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 106.9 | 80.4 | 51.5 | 68.1 | 50.3 | 33.5 | 33.1 | 9.5 | 10.8 | 9.8 |
| Short-Term Investments | 618.3 | 470.4 | 643.8 | 515.1 | 432.7 | 398.0 | 217.2 | 122.2 | 101.9 | 0 |
| Net Receivables | 452.9 | 700.9 | 538.8 | 356.5 | 245.3 | 153.6 | 53.5 | 0 | 30.0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | (80.3) | (31.9) | (38.4) | 0 |
| Other Current Assets | (974.2) | (1,528.0) | (1,499.9) | 3.8 | 2.8 | 0 | 54.2 | 31.9 | 8.4 | 0 |
| Total Current Assets | 559.8 | 0 | 0 | 1,147.6 | 789.4 | 585.1 | 303.8 | 164.9 | 142.7 | 9.8 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 2.6 | 0.4 | 0.4 | 0.6 | 0.5 | 0.7 | 0.8 | 0.9 | 0.8 | 0.9 |
| Goodwill | 0 | 3.8 | 3.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 80.3 | 9.5 | 8.6 | 8.3 | 9.5 | 11.5 | 0.7 | 0.7 | 0.7 | 11.4 |
| Long-Term Investments | 733.7 | 517.3 | 45.8 | 38.6 | 33.3 | 422.3 | 239.5 | 147.4 | 125.5 | 0 |
| Other Non-Current Assets | 849.2 | 1,731.3 | 1,649.6 | 111.5 | 93.0 | (8.6) | (4.6) | (149.1) | (127.1) | 123.1 |
| Total Non-Current Assets | 1,666.5 | 2,262.2 | 1,708.0 | 158.9 | 136.3 | 434.6 | 241.1 | 149.1 | 127.1 | 135.4 |
| Total Assets | 2,226.3 | 2,262.2 | 1,708.0 | 1,306.5 | 925.7 | 729.1 | 395.5 | 231.1 | 188.4 | 145.1 |
| Current Liabilities | ||||||||||
| Account Payables | 387.1 | 260.2 | 224.1 | 171.9 | 58.7 | 43.0 | 24.9 | 19.9 | 11.6 | 0 |
| Short-Term Debt | 0.9 | 1.1 | 52.6 | 36.4 | 0.9 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 632.2 | 741.7 | 597.1 | 471.3 | 226.3 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (1,020.2) | (1,003.0) | (881.1) | 242.1 | 245.6 | 0 | (24.9) | (19.9) | (11.6) | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 921.7 | 531.6 | 43.0 | 1.1 | 25.0 | 11.6 | 0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 6.7 | 52.6 | 36.4 | 1.3 | 0 | 0 | 19.1 | 17.1 | 17.0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 19.1 | 5.4 | 2.0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1,283.7 | 381.9 | 641.1 | 486.5 | 310.7 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 1,283.7 | 395.3 | 694.2 | 524.0 | 331.2 | 5.4 | 2.0 | 19.1 | 17.1 | 17.0 |
| Total Liabilities | 1,283.7 | 1,533.2 | 1,236.8 | 921.7 | 531.6 | 365.4 | 176.9 | 140.0 | 109.9 | 17.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Retained Earnings | 422.0 | 262.2 | 144.6 | 87.7 | 70.0 | 40.0 | 33.9 | 0.3 | 6.9 | 3.6 |
| Accumulated Other Comprehensive Income | (2.5) | (26.8) | (24.0) | (36.5) | 5.3 | 13.2 | 4.7 | (0.6) | 3.0 | 1.0 |
| Total Stockholders' Equity | 942.7 | 729.0 | 471.3 | 384.8 | 394.2 | 363.7 | 218.6 | 91.2 | 78.4 | 73.1 |
| Total Liabilities & Equity | 2,226.3 | 2,262.2 | 1,708.0 | 1,306.5 | 925.7 | 729.1 | 395.5 | 231.1 | 188.4 | 90.1 |
| Debt Metrics | ||||||||||
| Total Debt | 7.1 | 0 | 52.6 | 36.4 | 3.5 | 0 | 0 | 19.1 | 17.1 | 17.0 |
| Net Debt | (99.8) | (80.4) | 1.1 | (31.7) | (46.8) | (33.5) | (33.1) | 9.6 | 6.3 | 7.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 197.1 | 117.6 | 79.2 | 52.2 | 45.8 | 6.3 | 10.6 | 18.2 | 3.8 | 6.6 |
| Depreciation & Amortization | 8.9 | 5.1 | 4.5 | 4.1 | 3.5 | 1.3 | 0.2 | 0.2 | 0.2 | 0.1 |
| Stock-Based Compensation | 21.0 | 16.7 | 14.9 | 11.6 | 5.6 | 2.2 | 24.1 | 0 | 0 | 0 |
| Change in Working Capital | 202.0 | 125.2 | 23.3 | 95.8 | 31.1 | 43.0 | 9.2 | 0.9 | 14.7 | 8.9 |
| Other Non-Cash Items | (21.8) | (5.5) | (3.0) | 9.4 | 1.1 | (0.3) | (3.1) | 3.5 | 0.5 | 0.6 |
| Operating Cash Flow | 409.1 | 261.2 | 116.1 | 169.6 | 87.8 | 53.6 | 41.7 | 22.8 | 20.2 | 15.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | (7.1) | (0.2) | (6.8) | (5.9) | (4.9) | (4.1) | (2.9) | (0.3) | (0.1) | (0.9) |
| Acquisitions | (69.8) | 0 | (8.5) | (0.0) | (0.0) | (7.1) | 2.8 | 0 | 0 | 0.0 |
| Purchases of Investments | (903.9) | (607.1) | (234.7) | (392.6) | (216.6) | (341.9) | (270.4) | (136.5) | (54.2) | (40.1) |
| Sales/Maturities of Investments | 627.6 | 0 | 120.6 | 242.7 | 161.8 | 170.2 | 189.0 | 111.2 | 35.4 | 29.5 |
| Other Investing Activities | (7.7) | 301.1 | (5.8) | (6.6) | (3.3) | 1.4 | 1.0 | 0.2 | (0.2) | 0.0 |
| Investing Cash Flow | (354.0) | (306.2) | (128.5) | (156.8) | (58.2) | (181.4) | (80.6) | (25.4) | (19.1) | (11.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 63.1 | 16.2 | 36.4 | 0 | 0 | (20) | 1.5 | 0 | 0 |
| Stock Repurchased | (37.3) | 0 | (22.3) | (34.4) | (15.9) | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | (5.1) | 0 | 0 | 0 |
| Other Financing Activities | 3.6 | (113.0) | 2.1 | 3.0 | 2.8 | 2.8 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | (28.8) | 73.8 | (3.9) | 5.0 | (13.0) | 128.3 | 62.3 | 1.5 | 0 | 0 |
| Cash Position | ||||||||||
| Net Change in Cash | 26.4 | 28.7 | (16.3) | 17.8 | 16.6 | 0.4 | 23.4 | (1.0) | 1.1 | 4.3 |
| Cash at Beginning | 80.5 | 51.9 | 68.2 | 50.4 | 33.8 | 33.3 | 9.9 | 10.9 | 9.8 | 5.5 |
| Cash at End | 106.9 | 80.5 | 51.9 | 68.2 | 50.4 | 33.8 | 33.3 | 9.9 | 10.9 | 9.8 |
| Free Cash Flow | 402.0 | 260.9 | 109.3 | 163.6 | 83.0 | 49.5 | 38.8 | 22.5 | 20.2 | 14.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 876.0 | 553.9 | 375.9 | 327.1 | 247.8 | 168.5 | 113.3 | 73.0 | 59.5 | 42.7 |
| Gross Profit | 647.4 | 269.4 | 195.6 | 137.6 | 110.9 | 40.3 | 70.4 | 38.5 | 21.8 | 18.1 |
| Operating Income | 253.4 | 151.2 | 103.6 | 67.6 | 57.1 | 6.2 | 18.1 | 18.2 | 4.9 | 6.3 |
| Net Income | 197.1 | 117.6 | 79.2 | 52.2 | 45.8 | 6.3 | 10.6 | 18.2 | 3.8 | 6.6 |
| EPS (Diluted) | 7.17 | 4.48 | 3.13 | 2.02 | 1.76 | 0.24 | 0.49 | 0.81 | 0.17 | 0.29 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 106.9 | 80.4 | 51.5 | 68.1 | 50.3 | 33.5 | 33.1 | 9.5 | 10.8 | 9.8 |
| Total Assets | 2,226.3 | 2,262.2 | 1,708.0 | 1,306.5 | 925.7 | 729.1 | 395.5 | 231.1 | 188.4 | 145.1 |
| Total Debt | 7.1 | 0 | 52.6 | 36.4 | 3.5 | 0 | 0 | 19.1 | 17.1 | 17.0 |
| Stockholders' Equity | 942.7 | 729.0 | 471.3 | 384.8 | 394.2 | 363.7 | 218.6 | 91.2 | 78.4 | 73.1 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 409.1 | 261.2 | 116.1 | 169.6 | 87.8 | 53.6 | 41.7 | 22.8 | 20.2 | 15.8 |
| Capital Expenditure | (7.1) | (0.2) | (6.8) | (5.9) | (4.9) | (4.1) | (2.9) | (0.3) | (0.1) | (0.9) |
| Free Cash Flow | 402.0 | 260.9 | 109.3 | 163.6 | 83.0 | 49.5 | 38.8 | 22.5 | 20.2 | 14.9 |