COMP <GO>
BOW vs HRTG // EV/EBITDA & P/E VALUATION
Bowhead Specialty Holdings Inc. (NYSE) VS. Heritage Insurance Holdings Inc. (NYSE) • 15-METRIC TALLY: BOW 4
— HRTG 3
■ METRIC PARITY
LAST: $34.13 (-0.23%) • MKT CAP: $1.12B
valuation
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LAST: $36.14 (+4.06%) • MKT CAP: $1.07B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BOW VS. HRTG)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | BOW | HRTG | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 12.00% | 85.00% | -73.00 | HRTG | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | — | 16.21% | — | TIE | /fcf-yield <GO> |
| Operating Margin | — | 31.50% | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 9.80% | 23.10% | -13.30 | HRTG | /net-margins <GO> |
| Revenue Growth (YoY) | 29.60% | 3.70% | +25.90 | BOW | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 5/9 | +1.00 | BOW | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 52.9 | 50.9 | +1.98 | BOW | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 17.6x | 5.1x | +12.50 | HRTG | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.12B | $1.07B | $49.8M | BOW | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | BOW REV | HRTG REV | BOW GROSS % | HRTG GROSS % | BOW FCF | HRTG FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $551.6M | $847.3M | — | — | $326.0M | $174.2M |
| FY 2024 | $425.7M | $817.0M | — | — | $291.2M | $78.9M |
| FY 2023 | $283.4M | $735.5M | — | — | $236.2M | $70.4M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
BOW // BETA —
HRTG // BETA —