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Palomar (PLMR) Financials

Palomar logo
$154.34 +3.80 (+2.52%)
Closing price 04/15/2025 04:00 PM Eastern
Extended Trading
$152.17 -2.17 (-1.41%)
As of 04/15/2025 07:41 PM Eastern
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Annual Income Statements for Palomar

Annual Income Statements for Palomar

This table shows Palomar's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 18 11 6.26 46 52 79 118
Consolidated Net Income / (Loss)		 18 11 6.26 46 52 79 118
Net Income / (Loss) Continuing Operations		 18 11 6.26 46 52 79 118
Total Pre-Tax Income 		18 18 6.22 57 68 104 151
Total Revenue		 68 112 168 248 326 372 553
Net Interest Income / (Expense)		 -2.30 -1.07 0.00 -0.04 -0.87 -3.78 -1.14
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 2.30 1.07 0.00 0.04 0.87 3.78 1.14
Long-Term Debt Interest Expense		 2.30 1.07 0.00 0.04 0.87 3.78 1.14
Total Non-Interest Income		 71 113 168 248 327 376 554
Other Service Charges		 - 2.67 3.30 3.61 4.27 3.37 2.78
Net Realized & Unrealized Capital Gains on Investments		 0.67 10 10 10 6.35 27 40
Premiums Earned		 70 100 155 234 316 346 511
Total Non-Interest Expense		 50 94 162 191 259 269 402
Property & Liability Insurance Claims		 6.27 5.59 64 41 79 73 135
Insurance Policy Acquisition Costs		 18 51 34 54 69 88 117
Amortization Expense		 28 37 64 95 111 108 150
Income Tax Expense		 -0.01 7.46 -0.03 11 15 24 34
Basic Earnings per Share		 $1.07 $0.49 $0.25 $1.80 $2.07 $3.19 $4.61
Weighted Average Basic Shares Outstanding		 17M 21.50M 24.87M 25.46M 25.24M 24.82M 25.52M
Diluted Earnings per Share		 $1.07 $0.49 $0.24 $1.76 $2.02 $3.13 $4.48
Weighted Average Diluted Shares Outstanding		 17M 21.83M 25.60M 26.11M 25.80M 25.33M 26.22M
Weighted Average Basic & Diluted Shares Outstanding		 - - 25.57M 25.44M 24.98M 24.87M 26.68M

Quarterly Income Statements for Palomar

This table shows Palomar's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 4.29 19 17 18 18 26 26 26 30 35
Consolidated Net Income / (Loss)		 4.29 19 17 18 18 26 26 26 30 35
Net Income / (Loss) Continuing Operations		 4.29 19 17 18 18 26 26 26 30 35
Total Pre-Tax Income 		5.20 25 23 23 25 33 34 33 39 45
Total Revenue		 80 88 88 89 90 105 118 131 148 156
Net Interest Income / (Expense)		 -0.27 -0.40 -1.02 -1.06 -0.87 -0.82 -0.74 -0.23 -0.09 -0.09
Total Interest Expense		 0.27 0.40 1.02 1.06 0.87 0.82 0.74 0.23 0.09 0.09
Long-Term Debt Interest Expense		 0.27 0.40 1.02 1.06 0.87 0.82 0.74 0.23 0.09 0.09
Total Non-Interest Income		 81 89 89 90 91 105 119 131 149 156
Other Service Charges		 1.36 1.14 0.70 0.62 0.47 1.59 0.53 0.79 0.72 0.75
Net Realized & Unrealized Capital Gains on Investments		 1.39 5.25 5.27 6.67 4.65 10 10 7.99 12 10
Premiums Earned		 78 82 83 83 86 94 108 122 136 145
Total Non-Interest Expense		 75 63 66 66 66 71 83 97 110 111
Property & Liability Insurance Claims		 31 18 21 18 16 18 27 30 40 37
Insurance Policy Acquisition Costs		 17 18 19 22 22 24 25 31 28 33
Amortization Expense		 27 27 26 26 27 29 32 36 41 41
Income Tax Expense		 0.91 6.22 5.32 5.46 6.10 7.56 7.97 7.65 8.01 10.00
Basic Earnings per Share		 $0.17 $0.75 $0.69 $0.71 $0.75 $1.04 $1.06 $1.03 $1.18 $1.34
Weighted Average Basic Shares Outstanding		 25.21M 25.24M 24.97M 24.83M 24.74M 24.82M 24.86M 24.95M 25.77M 25.52M
Diluted Earnings per Share		 $0.17 $0.72 $0.68 $0.69 $0.73 $1.03 $1.04 $1.00 $1.15 $1.29
Weighted Average Diluted Shares Outstanding		 25.79M 25.80M 25.44M 25.31M 25.24M 25.33M 25.47M 25.62M 26.48M 26.22M
Weighted Average Basic & Diluted Shares Outstanding		 25.23M 24.98M 24.86M 24.74M 24.73M 24.87M 24.92M 25.01M 26.47M 26.68M

Annual Cash Flow Statements for Palomar

This table details how cash moves in and out of Palomar's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 -1.01 23 0.44 17 18 -16 29
Net Cash From Operating Activities		 23 45 57 88 170 116 261
Net Cash From Continuing Operating Activities		 23 45 57 88 170 116 261
Net Income / (Loss) Continuing Operations		 18 11 6.26 46 52 79 118
Consolidated Net Income / (Loss)		 18 11 6.26 46 52 79 118
Provision For Loan Losses		 - - - 0.11 0.24 0.00 0.00
Depreciation Expense		 0.21 0.22 1.34 3.54 4.12 4.50 5.11
Amortization Expense		 0.92 1.35 1.21 2.32 1.61 -0.01 -0.95
Non-Cash Adjustments to Reconcile Net Income		 2.57 20 1.77 4.95 16 9.15 14
Changes in Operating Assets and Liabilities, net		 0.88 12 47 31 96 23 125
Net Cash From Investing Activities		 -25 -83 -185 -58 -157 -128 -306
Net Cash From Continuing Investing Activities		 -25 -83 -185 -58 -157 -128 -306
Purchase of Property, Leasehold Improvements and Equipment		 -0.33 -2.93 -4.07 -4.85 -5.94 -6.76 -6.05
Purchase of Investment Securities		 -136 -270 -349 -217 -393 -243 -610
Sale and/or Maturity of Investments		 111 190 168 163 242 122 309
Net Cash From Financing Activities		 1.55 62 128 -13 5.02 -3.94 74
Net Cash From Continuing Financing Activities		 1.55 62 128 -13 5.02 -3.94 74
Issuance of Common Equity		 0.00 87 126 0.72 0.76 0.80 117
Repayment of Debt		 -18 -20 - - - - -53
Repurchase of Common Equity		 - 0.00 0.00 -16 -34 -22 0.00
Other Financing Activities, Net		 0.00 0.00 2.04 2.09 2.27 1.33 9.75
Cash Interest Paid		 1.73 1.16 0.00 0.00 0.70 3.68 1.05
Cash Income Taxes Paid		 0.01 5.65 7.18 2.10 19 21 38

Quarterly Cash Flow Statements for Palomar

This table details how cash moves in and out of Palomar's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 -6.96 39 12 -22 -5.32 -1.44 9.91 -14 39 -6.05
Net Cash From Operating Activities		 12 75 17 5.77 71 22 33 55 100 73
Net Cash From Continuing Operating Activities		 - 170 0.00 - - 116 0.00 - - 261
Net Income / (Loss) Continuing Operations		 - 52 0.00 - - 79 0.00 - - 118
Net Cash From Investing Activities		 -20 -35 -34 -19 -51 -24 -16 -29 -180 -81
Net Cash From Continuing Investing Activities		 -20 -35 -34 -19 -51 -24 -16 -26 -183 -81
Purchase of Property, Leasehold Improvements and Equipment		 -1.42 -1.49 -1.66 -2.17 -1.51 -1.42 -1.31 -1.54 -1.46 -1.74
Purchase of Investment Securities		 -76 -103 -55 -72 -73 -43 -179 -57 -219 -155
Sale and/or Maturity of Investments		 57 69 23 55 24 20 164 32 38 76
Net Cash From Financing Activities		 1.22 -1.03 29 -8.52 -25 0.62 -6.88 -40 118 2.68
Net Cash From Continuing Financing Activities		 1.22 -1.03 29 -8.52 -25 0.62 -6.88 12 66 2.68
Issuance of Common Equity		 1.83 -1.40 0.39 - 0.41 - 0.43 - 0.47 116
Other Financing Activities, Net		 -1.02 1.51 0.09 0.22 0.27 0.75 2.28 2.80 118 -113
Cash Interest Paid		 0.25 0.35 1.02 1.02 0.39 1.25 0.71 0.19 0.06 0.08
Cash Income Taxes Paid		 5.79 0.02 0.00 16 5.44 0.03 6.56 17 5.57 9.16

Annual Balance Sheets for Palomar

This table presents Palomar's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Total Assets		 231 395 729 926 1,306 1,708 2,262
Cash and Due from Banks		 9.53 33 34 50 68 52 80
Restricted Cash		 0.40 0.23 0.25 0.09 0.06 0.31 0.10
Trading Account Securities		 147 239 422 466 554 690 982
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 0.73 1.39 2.55 2.73 3.78 5.28 8.44
Premises and Equipment, Net		 0.95 0.85 0.74 0.53 0.60 0.37 0.43
Unearned Premiums Asset		 37 62 84 146 367 528 582
Deferred Acquisition Cost		 14 25 35 56 57 61 95
Intangible Assets		 0.74 0.74 12 9.50 8.26 12 13
Other Assets		 20 32 139 194 248 360 501
Total Liabilities & Shareholders' Equity		 231 395 729 926 1,306 1,708 2,262
Total Liabilities		 135 177 365 532 922 1,237 1,533
Long-Term Debt		 19 - - 0.00 36 53 0.00
Claims and Claim Expense		 16 17 129 173 231 342 503
Unearned Premiums Liability		 90 142 206 322 617 779 932
Other Long-Term Liabilities		 9.97 18 31 36 36 63 98
Total Equity & Noncontrolling Interests		 96 219 364 394 385 471 729
Total Preferred & Common Equity		 96 219 364 394 385 471 729
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 96 219 364 394 385 471 729
Common Stock		 69 180 311 319 334 351 494
Retained Earnings		 28 34 40 70 88 145 262
Accumulated Other Comprehensive Income / (Loss)		 -0.56 4.69 13 5.31 -37 -24 -27

Quarterly Balance Sheets for Palomar

This table presents Palomar's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets		 1,216 1,441 1,546 1,626 1,885 2,016 2,276
Cash and Due from Banks		 29 80 58 53 61 48 86
Restricted Cash		 0.07 0.07 0.29 0.26 0.38 0.18 0.11
Trading Account Securities		 512 594 602 635 703 727 926
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 3.33 4.08 4.57 4.86 5.19 5.93 7.50
Premises and Equipment, Net		 0.66 0.54 0.50 0.43 0.31 0.25 0.41
Unearned Premiums Asset		 370 420 485 502 622 661 625
Deferred Acquisition Cost		 57 54 56 59 67 82 86
Intangible Assets		 8.58 7.95 13 13 12 12 11
Other Assets		 236 280 327 360 413 480 533
Total Liabilities & Shareholders' Equity		 1,216 1,441 1,546 1,626 1,885 2,016 2,276
Total Liabilities		 849 1,036 1,133 1,205 1,383 1,483 1,573
Long-Term Debt		 26 71 71 53 43 0.00 0.00
Claims and Claim Expense		 206 265 298 324 402 467 497
Unearned Premiums Liability		 589 669 728 781 878 952 975
Other Long-Term Liabilities		 27 31 35 47 60 65 100
Total Equity & Noncontrolling Interests		 368 405 414 421 502 533 703
Total Preferred & Common Equity		 368 405 414 421 502 533 703
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 368 405 414 421 502 533 703
Common Stock		 330 337 341 346 357 364 486
Retained Earnings		 80 98 107 119 171 197 227
Accumulated Other Comprehensive Income / (Loss)		 -43 -31 -35 -43 -27 -28 -10

Annual Metrics and Ratios for Palomar

This table displays calculated financial ratios and metrics derived from Palomar's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 64.41% 50.11% 47.07% 31.67% 14.08% 48.52%
EBITDA Growth		 0.00% 1.53% -55.34% 618.10% 16.31% 47.58% 43.67%
EBIT Growth		 0.00% -0.75% -65.58% 818.17% 18.22% 53.43% 45.88%
NOPAT Growth		 0.00% -41.70% -41.09% 632.73% 13.79% 51.81% 48.45%
Net Income Growth		 0.00% -41.70% -41.09% 632.73% 13.79% 51.81% 48.45%
EPS Growth		 0.00% -54.21% -51.02% 633.33% 14.77% 54.95% 43.13%
Operating Cash Flow Growth		 0.00% 95.16% 29.17% 52.74% 93.12% -31.53% 124.93%
Free Cash Flow Firm Growth		 0.00% 0.00% -50.06% 111.08% 63.63% -193.30% -272.83%
Invested Capital Growth		 0.00% 89.44% 66.42% 8.37% 6.85% 24.38% 39.17%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 12.92% 4.85% 4.59% 10.19%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -47.34% -58.17% -46.13% -44.07%
EBIT Q/Q Growth		 0.00% -18.04% 0.00% 71.36% 5.60% 8.91% 8.24%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 67.50% 4.25% 9.90% 8.36%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 67.50% 4.25% 9.90% 8.36%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 74.26% 3.59% 10.99% 6.16%
Operating Cash Flow Q/Q Growth		 0.00% 4.35% 8.43% 74.40% 16.69% -31.25% 23.89%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 9.47% 33.96% -24.99% -208.20% 27.53%
Invested Capital Q/Q Growth		 0.00% 4.84% 0.50% 4.34% 6.83% 10.53% 3.66%
Profitability Metrics		 - - - - - - -
EBITDA Margin		 28.34% 17.50% 5.21% 25.43% 22.46% 29.06% 28.11%
EBIT Margin		 26.68% 16.11% 3.69% 23.06% 20.71% 27.85% 27.35%
Profit (Net Income) Margin		 26.69% 9.46% 3.71% 18.51% 15.99% 21.28% 21.27%
Tax Burden Percent		 100.03% 58.75% 100.55% 80.24% 77.23% 76.42% 77.76%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 -0.03% 41.25% -0.55% 19.76% 22.77% 23.58% 22.24%
Return on Invested Capital (ROIC)		 15.79% 6.36% 2.15% 12.10% 12.80% 16.76% 18.77%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.79% 6.36% 0.00% 0.00% 12.80% 16.76% 18.77%
Return on Net Nonoperating Assets (RNNOA)		 3.13% 0.39% 0.00% 0.00% 0.60% 1.74% 0.82%
Return on Equity (ROE)		 18.92% 6.75% 0.00% 0.00% 13.40% 18.50% 19.59%
Cash Return on Invested Capital (CROIC)		 0.00% -55.44% -47.71% 4.06% 6.18% -4.97% -13.98%
Operating Return on Assets (OROA)		 7.88% 5.77% 1.11% 6.91% 6.05% 6.88% 7.62%
Return on Assets (ROA)		 7.88% 3.39% 1.11% 5.54% 4.67% 5.25% 5.92%
Return on Common Equity (ROCE)		 18.92% 6.75% 0.00% 0.00% 13.40% 18.50% 19.59%
Return on Equity Simple (ROE_SIMPLE)		 18.92% 4.86% 1.72% 11.63% 13.56% 16.81% 16.13%
Net Operating Profit after Tax (NOPAT)		 18 11 6.26 46 52 79 118
NOPAT Margin		 26.69% 9.46% 3.71% 18.51% 15.99% 21.28% 21.27%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 73.32% 83.89% 96.31% 76.94% 79.29% 72.15% 72.65%
Earnings before Interest and Taxes (EBIT)		 18 18 6.22 57 68 104 151
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 19 20 8.77 63 73 108 155
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.88 5.42 6.23 4.18 2.96 2.91 3.83
Price to Tangible Book Value (P/TBV)		 0.88 5.44 6.44 4.28 3.03 2.99 3.90
Price to Revenue (P/Rev)		 1.24 10.56 13.46 6.64 3.49 3.69 5.06
Price to Earnings (P/E)		 4.63 111.57 362.33 35.91 21.84 17.33 23.77
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 21.59% 0.90% 0.28% 2.79% 4.58% 5.77% 4.21%
Enterprise Value to Invested Capital (EV/IC)		 0.81 5.27 6.14 4.05 2.63 2.62 3.72
Enterprise Value to Revenue (EV/Rev)		 1.37 10.26 13.26 6.44 3.40 3.69 4.91
Enterprise Value to EBITDA (EV/EBITDA)		 4.83 58.62 254.57 25.33 15.12 12.70 17.47
Enterprise Value to EBIT (EV/EBIT)		 5.14 63.70 358.88 27.93 16.40 13.25 17.95
Enterprise Value to NOPAT (EV/NOPAT)		 5.13 108.43 356.93 34.81 21.23 17.34 23.08
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.10 25.87 38.85 18.17 6.53 11.83 10.39
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 103.68 43.98 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.20 0.00 0.00 0.00 0.09 0.11 0.00
Long-Term Debt to Equity		 0.20 0.00 0.00 0.00 0.09 0.11 0.00
Financial Leverage		 0.20 0.06 0.00 0.00 0.05 0.10 0.04
Leverage Ratio		 2.40 1.99 1.93 2.18 2.87 3.52 3.31
Compound Leverage Factor		 2.40 1.99 1.93 2.18 2.87 3.52 3.31
Debt to Total Capital		 16.54% 0.00% 0.00% 0.00% 8.64% 10.04% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 16.54% 0.00% 0.00% 0.00% 8.64% 10.04% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 83.46% 100.00% 100.00% 100.00% 91.36% 89.96% 100.00%
Debt to EBITDA		 0.99 0.00 0.00 0.00 0.50 0.49 0.00
Net Debt to EBITDA		 0.47 0.00 0.00 0.00 -0.43 0.01 0.00
Long-Term Debt to EBITDA		 0.99 0.00 0.00 0.00 0.50 0.49 0.00
Debt to NOPAT		 1.05 0.00 0.00 0.00 0.70 0.66 0.00
Net Debt to NOPAT		 0.50 0.00 0.00 0.00 -0.61 0.01 0.00
Long-Term Debt to NOPAT		 1.05 0.00 0.00 0.00 0.70 0.66 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -93 -139 15 25 -23 -88
Operating Cash Flow to CapEx		 6,869.88% 1,521.22% 1,411.22% 1,809.11% 2,856.86% 1,717.80% 4,319.50%
Free Cash Flow to Firm to Interest Expense		 0.00 -86.67 0.00 384.78 28.85 -6.22 -76.98
Operating Cash Flow to Interest Expense		 9.90 41.68 0.00 2,195.35 194.25 30.76 229.49
Operating Cash Flow Less CapEx to Interest Expense		 9.76 38.94 0.00 2,074.00 187.45 28.97 224.17
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.30 0.36 0.30 0.30 0.29 0.25 0.28
Fixed Asset Turnover		 72.08 125.25 212.71 391.39 577.37 762.60 1,378.37
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 115 219 364 394 421 524 729
Invested Capital Turnover		 0.59 0.67 0.58 0.65 0.80 0.79 0.88
Increase / (Decrease) in Invested Capital		 0.00 103 145 30 27 103 205
Enterprise Value (EV)		 94 1,152 2,233 1,596 1,108 1,373 2,714
Market Capitalization		 84 1,185 2,267 1,646 1,140 1,373 2,795
Book Value per Share		 $5.66 $9.31 $14.25 $15.51 $15.25 $19.05 $27.55
Tangible Book Value per Share		 $5.62 $9.28 $13.80 $15.14 $14.92 $18.56 $27.05
Total Capital		 115 219 364 394 421 524 729
Total Debt		 19 0.00 0.00 0.00 36 53 0.00
Total Long-Term Debt		 19 0.00 0.00 0.00 36 53 0.00
Net Debt		 9.16 -33 -34 -50 -32 0.75 -81
Capital Expenditures (CapEx)		 0.33 2.93 4.07 4.85 5.94 6.76 6.05
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 19 0.00 0.00 0.00 36 53 0.00
Total Depreciation and Amortization (D&A)		 1.14 1.57 2.55 5.86 5.72 4.49 4.16
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.25 $1.80 $2.07 $3.19 $4.61
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 24.87M 25.46M 25.24M 24.82M 25.52M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.24 $1.76 $2.02 $3.13 $4.48
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 25.60M 26.11M 25.80M 25.33M 26.22M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 25.57M 25.44M 24.98M 24.87M 26.68M
Normalized Net Operating Profit after Tax (NOPAT)		 13 11 4.36 46 52 79 118
Normalized NOPAT Margin		 18.68% 9.46% 2.59% 18.51% 15.99% 21.28% 21.27%
Pre Tax Income Margin		 26.68% 16.11% 3.69% 23.06% 20.71% 27.85% 27.35%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 7.91 16.93 0.00 1,428.45 77.38 27.45 132.86
NOPAT to Interest Expense		 7.91 9.94 0.00 1,146.18 59.76 20.98 103.32
EBIT Less CapEx to Interest Expense		 7.76 14.19 0.00 1,307.10 70.58 25.66 127.55
NOPAT Less CapEx to Interest Expense		 7.77 7.21 0.00 1,024.83 52.96 19.19 98.00
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 48.21% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 48.21% 0.00% 34.58% 65.97% 28.11% 0.00%

Quarterly Metrics and Ratios for Palomar

This table displays calculated financial ratios and metrics derived from Palomar's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 18.86% 20.64% 13.03% 12.30% 11.99% 18.53% 33.58% 46.47% 64.78% 48.87%
EBITDA Growth		 22.14% 6.46% 2.48% 4.52% 59.03% 20.54% 36.94% 40.96% 55.17% 36.96%
EBIT Growth		 4,160.66% 16.75% 18.58% 25.84% 372.01% 33.96% 51.82% 44.98% 56.93% 34.39%
NOPAT Growth		 1,642.28% 12.79% 19.10% 20.38% 330.05% 38.04% 52.38% 46.50% 65.46% 35.03%
Net Income Growth		 1,642.28% 12.79% 19.10% 20.38% 330.05% 38.04% 52.38% 46.50% 65.46% 35.03%
EPS Growth		 1,600.00% 10.77% 21.43% 21.05% 329.41% 43.06% 52.94% 44.93% 57.53% 25.24%
Operating Cash Flow Growth		 -73.37% 47.76% -64.55% -82.84% 501.39% -70.32% 89.97% 856.07% 41.96% 226.17%
Free Cash Flow Firm Growth		 22.09% 40.49% -1,313.43% -583.19% -402.85% -833.56% 33.33% 67.26% -224.67% -121.62%
Invested Capital Growth		 4.36% 6.85% 20.40% 20.96% 20.21% 24.38% 14.41% 9.79% 48.40% 39.17%
Revenue Q/Q Growth		 1.10% 9.70% -0.05% 1.30% 0.82% 16.10% 12.65% 11.08% 13.43% 4.89%
EBITDA Q/Q Growth		 -30.98% 59.90% -6.78% 1.59% 5.02% 21.20% 5.91% 4.57% 15.60% 6.97%
EBIT Q/Q Growth		 -71.58% 380.49% -9.40% 1.73% 6.58% 36.37% 2.68% -2.86% 15.37% 16.78%
NOPAT Q/Q Growth		 -70.62% 337.66% -7.70% 1.44% 4.95% 40.48% 1.88% -2.48% 18.53% 14.65%
Net Income Q/Q Growth		 -70.62% 337.66% -7.70% 1.44% 4.95% 40.48% 1.88% -2.48% 18.53% 14.65%
EPS Q/Q Growth		 -70.18% 323.53% -5.56% 1.47% 5.80% 41.10% 0.97% -3.85% 15.00% 12.17%
Operating Cash Flow Q/Q Growth		 -65.05% 538.90% -76.76% -66.93% 1,124.99% -68.47% 48.74% 66.42% 81.89% -27.56%
Free Cash Flow Firm Q/Q Growth		 -25.19% 32.47% -669.86% -4.97% 7.86% -25.38% 45.02% 48.45% -813.60% 14.42%
Invested Capital Q/Q Growth		 -1.70% 6.83% 13.03% 1.90% -2.30% 10.53% 3.97% -2.21% 32.05% 3.66%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 40.30% 58.74% 54.78% 54.94% 57.22% 59.73% 56.16% 52.87% 53.88% 54.95%
EBIT Margin		 6.46% 28.31% 25.66% 25.77% 27.24% 32.00% 29.17% 25.51% 25.94% 28.88%
Profit (Net Income) Margin		 5.33% 21.26% 19.63% 19.66% 20.46% 24.76% 22.40% 19.66% 20.55% 22.46%
Tax Burden Percent		 82.45% 75.10% 76.51% 76.29% 75.13% 77.39% 76.79% 77.09% 79.21% 77.76%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 17.55% 24.90% 23.49% 23.71% 24.87% 22.61% 23.21% 22.91% 20.79% 22.24%
Return on Invested Capital (ROIC)		 4.30% 17.01% 15.16% 15.36% 16.77% 19.50% 17.63% 17.13% 17.51% 19.82%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.30% 17.01% 15.16% 15.36% 16.77% 19.50% 17.63% 17.13% 17.51% 19.82%
Return on Net Nonoperating Assets (RNNOA)		 0.15% 0.80% 1.67% 1.83% 1.68% 2.03% 2.23% 1.29% 0.82% 0.87%
Return on Equity (ROE)		 4.45% 17.81% 16.82% 17.19% 18.45% 21.53% 19.86% 18.42% 18.33% 20.69%
Cash Return on Invested Capital (CROIC)		 8.70% 6.18% -5.90% -5.90% -1.76% -4.97% 3.85% 9.62% -20.54% -13.98%
Operating Return on Assets (OROA)		 1.92% 8.27% 7.20% 6.87% 6.82% 7.90% 7.05% 6.35% 6.67% 8.04%
Return on Assets (ROA)		 1.58% 6.21% 5.51% 5.24% 5.12% 6.11% 5.41% 4.89% 5.28% 6.25%
Return on Common Equity (ROCE)		 4.45% 17.81% 16.82% 17.19% 18.45% 21.53% 19.86% 18.42% 18.33% 20.69%
Return on Equity Simple (ROE_SIMPLE)		 13.60% 0.00% 13.58% 14.00% 17.10% 0.00% 17.60% 18.11% 15.43% 0.00%
Net Operating Profit after Tax (NOPAT)		 4.29 19 17 18 18 26 26 26 30 35
NOPAT Margin		 5.33% 21.26% 19.63% 19.66% 20.46% 24.76% 22.40% 19.66% 20.55% 22.46%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 93.54% 71.69% 74.34% 74.23% 72.76% 68.00% 70.83% 74.49% 74.06% 71.12%
Earnings before Interest and Taxes (EBIT)		 5.20 25 23 23 25 33 34 33 39 45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 32 52 48 49 52 62 66 69 80 86
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 5.75 2.96 3.41 3.49 2.98 2.91 4.13 3.80 3.37 3.83
Price to Tangible Book Value (P/TBV)		 5.88 3.03 3.48 3.60 3.07 2.99 4.23 3.88 3.42 3.90
Price to Revenue (P/Rev)		 6.79 3.49 4.10 4.17 3.53 3.69 5.16 4.56 4.72 5.06
Price to Earnings (P/E)		 42.24 21.84 25.10 24.91 17.42 17.33 23.49 20.97 21.82 23.77
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 2.37% 4.58% 3.98% 4.01% 5.74% 5.77% 4.26% 4.77% 4.58% 4.21%
Enterprise Value to Invested Capital (EV/IC)		 5.35 2.63 2.88 3.00 2.65 2.62 3.77 3.71 3.24 3.72
Enterprise Value to Revenue (EV/Rev)		 6.78 3.40 4.07 4.20 3.53 3.69 5.11 4.45 4.55 4.91
Enterprise Value to EBITDA (EV/EBITDA)		 12.05 15.12 7.63 8.01 6.25 12.70 8.96 7.92 8.21 17.47
Enterprise Value to EBIT (EV/EBIT)		 32.99 16.40 19.27 19.20 13.19 13.25 17.81 15.71 16.33 17.95
Enterprise Value to NOPAT (EV/NOPAT)		 42.17 21.23 24.94 25.13 17.41 17.34 23.27 20.47 21.02 23.08
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.52 6.53 9.94 13.23 7.43 11.83 15.59 10.90 10.82 10.39
Enterprise Value to Free Cash Flow (EV/FCFF)		 62.86 43.98 0.00 0.00 0.00 0.00 104.49 40.35 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.07 0.09 0.18 0.17 0.12 0.11 0.09 0.00 0.00 0.00
Long-Term Debt to Equity		 0.07 0.09 0.18 0.17 0.12 0.11 0.09 0.00 0.00 0.00
Financial Leverage		 0.04 0.05 0.11 0.12 0.10 0.10 0.13 0.08 0.05 0.04
Leverage Ratio		 2.81 2.87 3.06 3.28 3.60 3.52 3.67 3.76 3.47 3.31
Compound Leverage Factor		 2.81 2.87 3.06 3.28 3.60 3.52 3.67 3.76 3.47 3.31
Debt to Total Capital		 6.70% 8.64% 15.00% 14.72% 11.10% 10.04% 7.89% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 6.70% 8.64% 15.00% 14.72% 11.10% 10.04% 7.89% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 93.30% 91.36% 85.00% 85.28% 88.90% 89.96% 92.11% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.15 0.50 0.40 0.39 0.26 0.49 0.19 0.00 0.00 0.00
Net Debt to EBITDA		 -0.02 -0.43 -0.05 0.07 0.00 0.01 -0.08 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.15 0.50 0.40 0.39 0.26 0.49 0.19 0.00 0.00 0.00
Debt to NOPAT		 0.53 0.70 1.30 1.23 0.73 0.66 0.49 0.00 0.00 0.00
Net Debt to NOPAT		 -0.06 -0.61 -0.16 0.22 -0.01 0.01 -0.21 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.53 0.70 1.30 1.23 0.73 0.66 0.49 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -12 -8.23 -63 -66 -61 -77 -42 -22 -199 -170
Operating Cash Flow to CapEx		 826.53% 5,032.80% 1,051.69% 265.71% 4,674.59% 1,568.31% 2,538.31% 3,572.72% 6,862.97% 4,181.75%
Free Cash Flow to Firm to Interest Expense		 -45.12 -20.62 -62.09 -62.48 -70.65 -93.21 -57.06 -96.75 -2,286.00 -1,979.22
Operating Cash Flow to Interest Expense		 43.50 188.07 17.10 5.42 81.47 27.03 44.76 245.01 1,152.51 844.62
Operating Cash Flow Less CapEx to Interest Expense		 38.24 184.33 15.47 3.38 79.73 25.30 43.00 238.15 1,135.71 824.42
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.30 0.29 0.28 0.27 0.25 0.25 0.24 0.25 0.26 0.28
Fixed Asset Turnover		 501.40 577.37 657.63 584.24 649.28 762.60 943.11 1,180.50 1,191.51 1,378.37
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 394 421 476 485 474 524 545 533 703 729
Invested Capital Turnover		 0.81 0.80 0.77 0.78 0.82 0.79 0.79 0.87 0.85 0.88
Increase / (Decrease) in Invested Capital		 16 27 81 84 80 103 69 47 229 205
Enterprise Value (EV)		 2,110 1,108 1,370 1,456 1,255 1,373 2,054 1,975 2,281 2,714
Market Capitalization		 2,114 1,140 1,379 1,443 1,256 1,373 2,073 2,023 2,368 2,795
Book Value per Share		 $14.57 $15.25 $16.20 $16.64 $17.03 $19.05 $20.18 $21.37 $28.12 $27.55
Tangible Book Value per Share		 $14.23 $14.92 $15.88 $16.12 $16.52 $18.56 $19.70 $20.91 $27.67 $27.05
Total Capital		 394 421 476 485 474 524 545 533 703 729
Total Debt		 26 36 71 71 53 53 43 0.00 0.00 0.00
Total Long-Term Debt		 26 36 71 71 53 53 43 0.00 0.00 0.00
Net Debt		 -3.14 -32 -8.96 13 -0.69 0.75 -19 -48 -87 -81
Capital Expenditures (CapEx)		 1.42 1.49 1.66 2.17 1.51 1.42 1.31 1.54 1.46 1.74
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 26 36 71 71 53 53 43 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 27 27 26 26 27 29 32 36 41 41
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.17 $0.75 $0.69 $0.71 $0.75 $1.04 $1.06 $1.03 $1.18 $1.34
Adjusted Weighted Average Basic Shares Outstanding		 25.21M 25.24M 24.97M 24.83M 24.74M 24.82M 24.86M 24.95M 25.77M 25.52M
Adjusted Diluted Earnings per Share		 $0.17 $0.72 $0.68 $0.69 $0.73 $1.03 $1.04 $1.00 $1.15 $1.29
Adjusted Weighted Average Diluted Shares Outstanding		 25.79M 25.80M 25.44M 25.31M 25.24M 25.33M 25.47M 25.62M 26.48M 26.22M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 25.23M 24.98M 24.86M 24.74M 24.73M 24.87M 24.92M 25.01M 26.47M 26.68M
Normalized Net Operating Profit after Tax (NOPAT)		 4.29 19 17 18 18 26 26 26 30 35
Normalized NOPAT Margin		 5.33% 21.26% 19.63% 19.66% 20.46% 24.76% 22.40% 19.66% 20.55% 22.46%
Pre Tax Income Margin		 6.46% 28.31% 25.66% 25.77% 27.24% 32.00% 29.17% 25.51% 25.94% 28.88%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 19.25 62.60 22.19 21.64 28.30 40.60 46.43 148.33 442.56 522.83
NOPAT to Interest Expense		 15.87 47.01 16.97 16.51 21.26 31.42 35.65 114.35 350.54 406.57
EBIT Less CapEx to Interest Expense		 13.99 58.86 20.56 19.60 26.56 38.88 44.66 141.47 425.77 502.63
NOPAT Less CapEx to Interest Expense		 10.61 43.28 15.35 14.47 19.52 29.70 33.89 107.49 333.75 386.37
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 46.51% 65.97% 51.42% 51.29% 46.18% 28.11% 17.49% 6.95% 0.12% 0.00%

Frequently Asked Questions About Palomar's Financials

When does Palomar's fiscal year end?

According to the most recent income statement we have on file, Palomar's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Palomar's net income changed over the last 6 years?

Palomar's net income appears to be on an upward trend, with a most recent value of $117.57 million in 2024, rising from $18.22 million in 2018. The previous period was $79.20 million in 2023.

How has Palomar revenue changed over the last 6 years?

Over the last 6 years, Palomar's total revenue changed from $68.26 million in 2018 to $552.73 million in 2024, a change of 709.7%.

How much debt does Palomar have?

Palomar's total liabilities were at $1.53 billion at the end of 2024, a 24.0% increase from 2023, and a 1,037.0% increase since 2018.

How much cash does Palomar have?

In the past 6 years, Palomar's cash and equivalents has ranged from $9.53 million in 2018 to $80.44 million in 2024, and is currently $80.44 million as of their latest financial filing in 2024.

How has Palomar's book value per share changed over the last 6 years?

Over the last 6 years, Palomar's book value per share changed from 5.66 in 2018 to 27.55 in 2024, a change of 386.3%.

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This page (NASDAQ:PLMR) was last updated on 4/16/2025 by MarketBeat.com Staff
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