Sales up 7.2%, free cash flow up to $571.0M
The latest figures
All key numbers (28) From EDGAR
| EPS (ttm) | - | Sales (ttm) | 4.1B | Net income (ttm) | 576.1M | Sales growth | +7.2% | EPS growth | - | Sales Q/Q | +0.3% |
| Free cash flow | 554.0M | Gross margin | - | Oper. margin | 17.9% | Net margin | 14.0% | FCF margin | 13.4% | ROE | 22.6% |
| ROA | 15.7% | R&D / sales | - | Dividend | - | Debt/Eq | - | Curr. ratio | 1.31 | Cash | 362.7M |
| Op. cash flow (ttm) | 691.8M | EBITDA | 786.6M | EBITDA margin | 19.3% | Quick ratio | 1.31 | ROIC | 22.1% | Tax rate | 21.3% |
| Asset turnover | 1.13 | Days sales out. | 66 | Sales 3Y CAGR | +12.7% | Sales 5Y CAGR | +9.9% |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
Changes in the numbers
FY2025 against FY2024-
Revenue growth slowed to +7.2%+16.1% → +7.2% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
ERIE against Financials peers
Ten years, side by side → · All 76 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 76 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| ERIE Erie Indemnity | $4.1B | +7.2% | - | 14.0% | 22.6% | 13.4% | - |
| COIN Coinbase | $5.6B | +9.4% | - | -12.5% | -5.0% | - | 0.48 |
| CBOE Cboe Global Markets | $5.3B | +15.1% | 53.9% | 28.0% | 25.0% | 47.9% | 0.24 |
| CPAY Corpay | $5.2B | +13.9% | - | 23.7% | 37.7% | 25.5% | 3.41 |
| HOOD Robinhood Markets | $5.1B | +51.6% | - | 39.0% | 19.7% | - | 0.26 |
| MSCI MSCI | $3.4B | +9.7% | - | 40.3% | - | 45.9% | - |
Profitability
2 of 3- !Net margin below the peer median14.0% vs 20.4%
- ✓Return on equity above 15%22.6%
- ✓A profit in every one of 10 years
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2016 to FY2025
Revenue 4.1B Net income 559.3MFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
Where the $4.1B of revenue came from
by product, year to Dec 31, 2025- Cost of operations - policy issuance and renewal services $3.1B · 77%
- Administrative services reimbursement revenue $836.6M · 21%
- Management fee revenue - administrative services $74.1M · 2%
- Rental Income $24.8M · 1%
From the segment tables in the 10-K XBRL. Revenue by segment, product and region →
Income statement, balance sheet and cash flow
ERIE's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by product or service
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Cost of operations - policy issuance and renewal services | 3.1B | 77.0% | +8.2% |
| Administrative services reimbursement revenue | 836.6M | 20.6% | +3.8% |
| Management fee revenue - administrative services | 74.1M | 1.8% | +8.3% |
| Rental Income | 24.8M | 0.6% | -6.1% |
10-K 0001628280-26-010666, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.7B | 2.4B | 2.5B | 2.5B | 2.6B | 2.8B | 3.3B | 3.8B | 4.1B |
| Operating income | 293.5M | 290.3M | 344.3M | 357.3M | 338.2M | 318.1M | 376.2M | 520.3M | 676.5M | 717.2M |
| Interest expense | 101K | 1.2M | 2.5M | 856K | 731K | 4.1M | 2.0M | 0 | 0 | - |
| Pretax income | 320.1M | 315.7M | 371.3M | 396.7M | 368.5M | 376.4M | 376.5M | 561.9M | 757.3M | 710.6M |
| Income tax | 109.7M | 118.7M | 83.1M | 79.9M | 75.2M | 78.5M | 77.9M | 115.9M | 157.0M | 151.3M |
| Net income | 210.4M | 197.0M | 288.2M | 316.8M | 293.3M | 297.9M | 298.6M | 446.1M | 600.3M | 559.3M |
| Depreciation & amortization | 15.1M | 14.8M | 13.4M | 16.8M | 21.2M | 37.2M | 45.9M | 47.4M | 56.5M | 69.5M |
| EBITDA | 308.6M | 305.1M | 357.7M | 374.1M | 359.4M | 355.3M | 422.1M | 567.7M | 733.0M | 786.6M |
| Operating margin | 18.4% | 17.2% | 14.5% | 14.4% | 13.3% | 12.1% | 13.2% | 15.9% | 17.8% | 17.6% |
| Net margin | 13.2% | 11.6% | 12.1% | 12.8% | 11.6% | 11.3% | 10.5% | 13.6% | 15.8% | 13.8% |
| Revenue growth | - | +6.0% | +40.8% | +4.0% | +2.4% | +3.8% | +7.8% | +15.1% | +16.1% | +7.2% |
Balance sheet
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 189.1M | 215.7M | 266.4M | 336.7M | 161.2M | 183.7M | 142.1M | 144.1M | 298.4M | 345.9M |
| Short-term investments | - | - | 402.3M | 32.8M | 17.7M | 38.4M | 24.3M | 82.0M | 44.6M | 33.9M |
| Receivables | - | - | - | 468.6M | 494.6M | 479.1M | 524.9M | 625.3M | 707.1M | 735.6M |
| Current assets | 665.5M | 801.9M | 1.2B | 891.4M | 732.3M | 763.7M | 778.8M | 930.2M | 1.1B | 1.2B |
| Total assets | 1.5B | 1.7B | 1.8B | 2.0B | 2.1B | 2.2B | 2.2B | 2.5B | 2.9B | 3.4B |
| Current liabilities | 469.6M | 509.9M | 547.1M | 587.7M | 627.7M | 630.9M | 665.1M | 709.0M | 802.5M | 945.6M |
| Total debt | 24.8M | 74.7M | 99.7M | 97.8M | 95.9M | 93.8M | 0 | - | - | - |
| Total liabilities | 732.0M | 808.5M | 804.7M | 883.0M | 929.1M | 899.6M | 791.0M | 809.1M | 901.4M | 1.1B |
| Shareholders' equity | 816.9M | 857.3M | 973.7M | 1.1B | 1.2B | 1.3B | 1.4B | 1.7B | 2.0B | 2.3B |
| Retained earnings | 2.1B | 2.1B | 2.2B | 2.4B | 2.4B | 2.5B | 2.6B | 2.8B | 3.2B | 3.5B |
Cash flow
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 254.3M | 197.1M | 263.6M | 364.5M | 342.6M | 402.8M | 366.2M | 381.2M | 611.2M | 686.7M |
| Capital spending | 25.2M | 28.9M | 56.3M | 102.0M | 55.5M | 148.8M | 67.2M | 92.6M | 124.8M | 115.7M |
| Free cash flow | 229.1M | 168.2M | 207.3M | 262.5M | 287.1M | 254.0M | 298.9M | 288.6M | 486.4M | 571.0M |
| Dividends paid | 136.0M | 145.8M | 156.5M | 167.7M | 272.9M | 192.8M | 206.8M | 221.7M | 237.5M | 254.3M |
| Buybacks | 0 | - | - | - | - | - | - | - | - | - |
| Investing cash flow | -136.9M | -74.7M | -81.4M | -124.6M | -243.2M | -185.5M | -106.9M | -157.6M | -226.9M | -439.3M |
| Financing cash flow | -111.2M | -95.8M | -131.5M | -169.6M | -274.9M | -194.8M | -300.8M | -221.7M | -230.0M | -199.9M |
Stock-based pay and leases
From EDGARFrom SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.