PLMR
Palomar Holdings, Inc.
Next earnings Aug 3, 2026 · consensus $2.28 EPS, $633M rev
Last earnings -0.9% on 2026-05-06
$126.32
▲ +7.20%$126.32▼ -21.08%
over 1Y
L $101.42EODHDH $160.06
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+7.2%
1W+13.2%
1M+15.4%
3M+8.1%
YTD-4.2%
1Y-21.1%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 15 analysts
Buy
Specialty insurer compounding GWP at ~55% CAGR with 22.5% margins and 20.9% ROE — trading at a reasonable 16.6x earnings.
Revenue $876M · FY2025
The read
Quality fundamentals and an attractive price line up (~116% below fair value) — the rarer case where both the business and the entry look good.
Palomar is a high-quality specialty P&C compounder hiding in plain sight. The numbers are exceptional: FY2025 revenue grew 58.2% to $876M, net income jumped 67.6% to $197M, and diluted EPS rose 60% to $7.17. Operating cash flow of $409M (+56.7%) materially exceeds reported earnings, and capex is a rounding error ($137K) — this is a capital-light business converting underwriting profits to cash. The MD&A confirms the scale of the franchise: gross written premiums hit $2.0B in 2025, a ~55% CAGR from $16.6M at inception in 2014, and the company has been profitable every year since 2016 with a 46% net income CAGR over the same period. ROE of 20.9% on a $943M equity base is best-in-class for the industry.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $248M | $327M | $376M | $554M | $876M |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $45.8M | $52.2M | $79.2M | $118M | $197M |
| Diluted EPS | $1.76 | $2.02 | $3.13 | $4.48 | $7.17 |
| Net margin | 18.5% | 15.9% | 21.1% | 21.2% | 22.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF8.2
PEG (trailing)0.26
Earnings yield5.8%
FCF yield12.1%
Quality & risk
ROIC (est.)—
Free cash flow$409M
Total debt—
Net cash$107M
Piotroski F-Score5/6
Capital returns
Buyback yield1.1%
Dividend yield (est.)—
Shareholder yield1.1%
Shares Δ YoY+0.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Reg FD disclosure2026-05-29
Reg FD/investor update with exhibits; non-earnings disclosure to shareholders
- 8-K Officer / director change2026-05-26
Annual meeting vote results and board/officer changes disclosed
- 10-Q Quarterly report2026-05-08
Q1 2026 10-Q reflecting continued premium growth and FIA contribution
- 8-K Earnings results2026-05-06
Q1 2026 earnings release; continues strong growth trajectory from FY2025
- DEF 14A Proxy statement2026-04-10
2026 proxy: director slate, exec comp and routine governance items
- 10-K Annual report2026-02-24
FY2025 10-K: GWP $2.0B, NI $197M, $150M buyback authorization in place
- 8-K Reg FD disclosure2026-02-23
Reg FD investor presentation/update with supporting exhibits
- 8-K Earnings results2026-02-11
Q4/FY2025 earnings: revenue +58%, net income +68%, EPS $7.17
- 8-K Material agreement2026-02-02
Closed FIA acquisition with related financing; expands surety platform
Recent filings
all on EDGAR ↗144Filing2026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗144Filing2026-06-22open ↗4Period ending 2026-06-022026-06-03open ↗8-KPeriod ending 2026-05-292026-05-29open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗
Frequently asked
- Is Palomar Holdings, Inc. (PLMR) a buy?
- PLMR currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. Specialty insurer compounding GWP at ~55% CAGR with 22.5% margins and 20.9% ROE — trading at a reasonable 16.6x earnings.
- What is PLMR's fair value?
- A Modified-Graham model based on PLMR's SEC fundamentals estimates a fair value of about $272.46. It is an estimate from reported earnings, not a price target.
- Is PLMR overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, PLMR currently appears undervalued relative to its SEC-grounded earnings power.
- What is Palomar Holdings, Inc.'s quality score?
- PLMR scores 84.17647058823528/100 (grade A) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001761312, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/25/2026, 1:49:37 PM.
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