A Business at a Glance
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TIPTREE INC.
TIPT
$818M
Mkt Cap
$17.79
+1.31%
TIPTREE INC. (TIPT) has a current P/E ratio of 23.4, compared to its historical median P/E of 14.8. The stock is currently considered Fair based on its historical valuation range.
TIPTREE INC. (TIPT) has a 5-year average return on invested capital (ROIC) of 4.2%. This is below average and may indicate limited pricing power.
TIPTREE INC. (TIPT) has a market capitalization of $668M. It is classified as a small-cap stock.
Yes, TIPTREE INC. (TIPT) pays a dividend with a trailing twelve-month yield of 1.12%.
Based on historical P/E analysis, TIPTREE INC. (TIPT) appears fair. The current P/E of 23.4 is 58% above its historical median of 14.8. The estimated fair value CAGR (P/E method) is 6.4%.
TIPTREE INC. (TIPT) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
TIPTREE INC. (TIPT) generated $168 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Our Business At Tiptree, our mission is to build long-term value by allocating capital to select small and middle market companies across industries. We have a significant track record investing in the insurance and credit-related financial sectors. With proprietary access and a flexible capital base, we seek to uncover compelling investment opportunities and support management teams in unlocking the full value potential of their businesses. This investment philosophy, executed by our experienced leadership, is our hallmark and has delivered consistent risk-adjusted returns to our stockholders since 2007. Our Operating Principles We acquire controlling interests and invest in businesses that we believe (i) operate in industries with long-term growth opportunities, (ii) have positive and stable cash flows, (iii) offer scalable business models with embedded optionality, and (iv) have strong management teams.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | -497M | - | - | - | 1.4B | 1.2B |
| Net Income | 44M | 35M | 53M | 14M | -8.3M | 37M |
| EPS | $1.16 | $0.76 | $1.34 | $0.34 | $-0.23 | $1.09 |
| Free Cash Flow | 0 | 168M | 241M | 67M | 452M | 202M |
| ROIC | -23.2% | 6.8% | 8.4% | 1.9% | -1.2% | 5.0% |
| Gross Margin | - | - | - | - | 74.1% | 78.9% |
| Debt/Equity | 0.14 | 0.14 | 0.00 | 0.97 | 0.65 | 1.03 |
| Dividends/Share | $0.20 | $0.24 | $0.49 | $0.20 | $0.16 | $0.16 |
| Operating Income | -70M | -47M | -40M | -43M | 76M | 73M |
| Operating Margin | 0.0% | - | - | - | 5.5% | 6.1% |
| ROE | 8.6% | 7.2% | 12.2% | 3.4% | -2.1% | 10.1% |
| Shares Outstanding | 38M | 46M | 40M | 41M | 36M | 34M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 80M | 392M | 506M | 582M | 626M | 773M | 810M | 1.2B | 1.4B | N/A | N/A | N/A | -497M |
| Gross Margin | 36.3% | 18.7% | 22.4% | 11.5% | 78.5% | 11.4% | 78.0% | 78.9% | 74.1% | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 3.9M | 13M | 15M | 15M | 16M | 19M | 22M | 37M | 26M | 38M | 43M | 34M | 30M |
| EBIT | 20M | 39M | 43M | 42M | 38M | 60M | 52M | 73M | 76M | -43M | -40M | -47M | -70M |
| Op. Margin | 25.0% | 10.0% | 8.4% | 7.3% | 6.1% | 7.8% | 6.4% | 6.1% | 5.5% | N/A | N/A | N/A | 0.0% |
| Net Income | -1.7M | 5.8M | 25M | 3.6M | 24M | 18M | -29M | 37M | -8.3M | 14M | 53M | 35M | 44M |
| Net Margin | -2.1% | 1.5% | 5.0% | 0.6% | 3.8% | 2.3% | -3.6% | 3.1% | -0.6% | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 0 | 699K | 0 | 2.0M | 0 | 7.6M | -4.4M | -1.9M | 3.8M | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -0.4% | 0.7% | 2.8% | 0.5% | 3.5% | 2.4% | -3.9% | 5.0% | -1.2% | 1.9% | 8.4% | 6.8% | -23.2% |
| ROE | -0.9% | 1.9% | 8.4% | 1.2% | 7.0% | 4.6% | -7.7% | 10.1% | -2.1% | 3.4% | 12.2% | 7.2% | 8.6% |
| ROA | -0.0% | 0.1% | 0.9% | 0.1% | 1.2% | 0.9% | -1.1% | 1.1% | -0.2% | 0.3% | 1.0% | 0.6% | 0.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 24M | -9.5M | 37M | 47M | 58M | 24M | 140M | 204M | 463M | 71M | 241M | 168M | 183M |
| Free Cash Flow | 23M | -14M | 35M | 45M | 54M | 15M | 133M | 202M | 452M | 67M | 241M | 168M | 0 |
| Owner Earnings | 11M | -57M | 5.3M | 10M | 38M | 3.8M | 114M | 169M | 430M | 64M | 231M | 155M | 183M |
| CapEx | 245K | 4.1M | 1.5M | 1.7M | 3.7M | 8.5M | 6.7M | 2.8M | 11M | 4.1M | 33K | 0 | 0 |
| Maint. CapEx | 12M | 47M | 29M | 30M | 13M | 14M | 18M | 24M | 23M | 1.4M | 1.5M | 1.4M | -3.1M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.7M | 0 | N/A | 3.1M |
| D&A | 12M | 47M | 29M | 30M | 13M | 14M | 18M | 24M | 23M | 1.4M | 1.5M | 1.4M | -3.1M |
| CapEx/OCF | 1.0% | N/A | 4.0% | 3.7% | 6.5% | 35.9% | 4.8% | 1.4% | 2.3% | 19.6% | 0.0% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 3.3M | 3.2M | 3.5M | 4.8M | 5.5M | 5.6M | 5.4M | 7.8M | 7.4M | 18M | 9.1M | 7.5M |
| Dividend Yield | N/A | 0.5% | N/A | N/A | 2.6% | 2.6% | 3.1% | 1.7% | 1.9% | 1.2% | 2.6% | 0.9% | 1.1% |
| Share Buybacks | 39K | 4.0M | 44M | 7.3M | 14M | 9.1M | 14M | 8.1M | 1.7M | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 2.2% | 25.9% | 4.3% | 8.4% | 3.4% | 8.6% | 1.8% | 0.4% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 748K | 443K | 2.8M | 6.8M | 6.7M | 6.4M | 8.1M | 11M | 9.7M | 6.2M | 8.7M | 11M | 3.6M |
| Debt Repayment | 775K | 1.9M | 3.8M | 9.6M | 1.1M | 586K | 4.6M | 114K | 1.4M | 0 | 0 | 2.3M | 2.3M |
| Balance Sheet | |||||||||||||
| Net Debt | 147M | 428M | 360M | 54M | -15M | -94M | -148M | -360M | -279M | -66M | -34M | 20M | 38M |
| Cash & Equiv. | 52M | 61M | 50M | 111M | 86M | 133M | 137M | 176M | 538M | 469M | 19M | 31M | 34M |
| Long-Term Debt | 362M | 667M | 555M | 346M | 354M | 374M | 366M | 393M | 259M | 402M | 0 | 64M | 64M |
| Debt/Equity | 1.28 | 2.13 | 1.89 | 1.15 | 0.91 | 0.94 | 1.03 | 1.03 | 0.65 | 0.97 | 0.00 | 0.14 | 0.14 |
| Interest Coverage | 1.6 | 2.4 | 2.0 | 1.7 | 1.4 | 2.2 | 1.6 | 1.9 | 2.5 | -1.6 | -1.2 | -1.8 | -1.8 |
| Equity | 284M | 313M | 293M | 300M | 387M | 398M | 356M | 383M | 397M | 417M | 458M | 509M | 504M |
| Total Assets | 8.2B | 2.5B | 2.9B | 2.0B | 1.9B | 2.2B | 3.0B | 3.6B | 4.0B | 5.1B | 5.7B | 6.8B | 7.0B |
| Total Liabilities | 7.8B | 2.1B | 2.5B | 1.6B | 1.5B | 1.8B | 2.6B | 3.2B | 3.5B | 4.6B | 5.0B | 6.1B | 6.2B |
| Intangibles | 111M | 84M | 74M | 64M | 52M | 48M | 138M | 123M | 117M | 119M | 103M | N/A | N/A |
| Retained Earnings | 13M | 16M | 38M | 38M | 57M | 70M | 35M | 68M | 54M | 61M | 96M | 122M | 134M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | -0.03 | 0.04 | N/A | N/A | 0.69 | 0.50 | -0.86 | 1.09 | -0.23 | 0.34 | 1.34 | 0.76 | 1.16 |
| Owner EPS | 0.16 | -0.43 | N/A | N/A | 1.11 | 0.11 | 3.38 | 4.91 | 11.96 | 1.55 | 5.79 | 3.38 | 4.87 |
| Book Value | 4.16 | 2.36 | N/A | N/A | 11.16 | 11.13 | 10.50 | 11.15 | 11.05 | 10.16 | 11.49 | 11.07 | 13.42 |
| Cash Flow/Share | 0.35 | -0.07 | N/A | N/A | 1.66 | 0.66 | 4.13 | 5.95 | 12.87 | 1.74 | 6.05 | 3.66 | 1.08 |
| Dividends/Share | 0.00 | 0.02 | N/A | N/A | 0.14 | 0.16 | 0.16 | 0.16 | 0.16 | 0.20 | 0.49 | 0.24 | 0.20 |
| Shares Out. | 68.4M | 132.8M | N/A | N/A | 34.7M | 35.8M | 33.9M | 34.3M | 36.0M | 41.0M | 39.8M | 46.0M | 37.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 31.5 | 6.7 | 47.5 | 7.0 | 14.4 | N/A | 11.6 | N/A | 55.1 | 15.2 | 23.7 | 15.3 |
| P/FCF | 19.5 | N/A | N/A | N/A | 3.1 | 16.9 | 1.2 | 2.2 | 1.1 | 11.1 | 3.4 | 4.9 | N/A |
| EV/EBIT | 330.4 | 14.7 | 12.4 | 5.3 | 4.0 | 2.8 | 0.3 | 1.1 | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 0.4 | 0.6 | 0.6 | 0.6 | 0.4 | 0.7 | 0.5 | 1.2 | 1.2 | 1.8 | 1.8 | 1.6 | 1.3 |
| Price/Sales | 1.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 1.8 | N/A | N/A | N/A |
| FCF Yield | 20.5% | -7.4% | 20.8% | 26.4% | 32.3% | 5.8% | 82.7% | 45.5% | 95.1% | 8.8% | 29.6% | 20.3% | N/A |
| Market Cap | 114M | 182M | 169M | 171M | 167M | 265M | 161M | 443M | 476M | 769M | 812M | 829M | 668M |
| Avg. Price | 6.45 | 5.51 | 4.81 | 5.59 | 5.40 | 5.87 | 5.28 | 9.27 | 11.40 | 14.85 | 17.95 | 20.83 | 17.79 |
| Year-End Price | 6.68 | 5.36 | 5.21 | 5.23 | 4.82 | 7.20 | 4.76 | 12.67 | 13.22 | 18.19 | 20.39 | 18.04 | 17.79 |
TIPTREE INC. passes 2 of 9 quality checks, indicating weak fundamentals.
TIPTREE INC. trades at 23.4x trailing earnings, compared to its 15-year median P/E of 14.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 4.9x vs a median of 3.2x. The company's 5-year average ROIC is 4.2% with a gross margin of 76.5%. Total shareholder yield (dividends) is 1.1%. At current prices, the estimated annualized return to fair value is +19.0%.
TIPTREE INC. (TIPT) has a debt-to-equity ratio of 0.14. This indicates a conservatively financed balance sheet.
TIPTREE INC. (TIPT) reported earnings per share (EPS) of $0.76 in its most recent fiscal year.
TIPTREE INC. (TIPT) has a return on equity (ROE) of 7.2%. This indicates moderate shareholder returns.
TIPTREE INC. (TIPT) has a 5-year average gross margin of 76.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for TIPTREE INC. (TIPT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TIPTREE INC. (TIPT) has a book value per share of $11.07, based on its most recent annual SEC filing.