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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) and Holley Inc. (HLLY). Click either name above to swap in a different company.

DONEGAL GROUP INC is the larger business by last-quarter revenue ($236.0M vs $155.4M, roughly 1.5× Holley Inc.). DONEGAL GROUP INC runs the higher net margin — 4.9% vs 4.1%, a 0.8% gap on every dollar of revenue. On growth, Holley Inc. posted the faster year-over-year revenue change (11.0% vs -3.7%). Over the past eight quarters, Holley Inc.'s revenue compounded faster (-1.0% CAGR vs -2.2%).

Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.

Holley Performance Products is an automotive performance company based in Bowling Green, Kentucky. It was founded in 1896 in Bradford, Pennsylvania, by George Holley and Earl Holley. When the company was based in Michigan it was a major producer of carburetors for many Detroit-built automobiles.

DGICA vs HLLY — Head-to-Head

Bigger by revenue
DGICA
DGICA
1.5× larger
DGICA
$236.0M
$155.4M
HLLY
Growing faster (revenue YoY)
HLLY
HLLY
+14.7% gap
HLLY
11.0%
-3.7%
DGICA
Higher net margin
DGICA
DGICA
0.8% more per $
DGICA
4.9%
4.1%
HLLY
Faster 2-yr revenue CAGR
HLLY
HLLY
Annualised
HLLY
-1.0%
-2.2%
DGICA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DGICA
DGICA
HLLY
HLLY
Revenue
$236.0M
$155.4M
Net Profit
$11.5M
$6.3M
Gross Margin
46.8%
Operating Margin
12.7%
Net Margin
4.9%
4.1%
Revenue YoY
-3.7%
11.0%
Net Profit YoY
-54.3%
116.7%
EPS (diluted)
$0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DGICA
DGICA
HLLY
HLLY
Q1 26
$236.0M
Q4 25
$239.8M
$155.4M
Q3 25
$245.9M
$138.4M
Q2 25
$247.1M
$166.7M
Q1 25
$245.2M
$153.0M
Q4 24
$250.0M
$140.1M
Q3 24
$251.7M
$134.0M
Q2 24
$246.8M
$169.5M
Net Profit
DGICA
DGICA
HLLY
HLLY
Q1 26
$11.5M
Q4 25
$17.2M
$6.3M
Q3 25
$20.1M
$-806.0K
Q2 25
$16.9M
$10.9M
Q1 25
$25.2M
$2.8M
Q4 24
$24.0M
$-37.8M
Q3 24
$16.8M
$-6.3M
Q2 24
$4.2M
$17.1M
Gross Margin
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
46.8%
Q3 25
43.2%
Q2 25
41.7%
Q1 25
41.9%
Q4 24
45.6%
Q3 24
39.0%
Q2 24
41.5%
Operating Margin
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
8.7%
12.7%
Q3 25
10.2%
11.5%
Q2 25
8.3%
16.5%
Q1 25
12.7%
12.6%
Q4 24
11.9%
-20.7%
Q3 24
8.1%
4.2%
Q2 24
2.0%
16.4%
Net Margin
DGICA
DGICA
HLLY
HLLY
Q1 26
4.9%
Q4 25
7.2%
4.1%
Q3 25
8.2%
-0.6%
Q2 25
6.8%
6.5%
Q1 25
10.3%
1.8%
Q4 24
9.6%
-27.0%
Q3 24
6.7%
-4.7%
Q2 24
1.7%
10.1%
EPS (diluted)
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
$0.06
Q3 25
$-0.01
Q2 25
$0.09
Q1 25
$0.02
Q4 24
$-0.32
Q3 24
$-0.05
Q2 24
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DGICA
DGICA
HLLY
HLLY
Cash + ST InvestmentsLiquidity on hand
$37.2M
Total DebtLower is stronger
$516.1M
Stockholders' EquityBook value
$649.1M
$448.9M
Total Assets
$2.4B
$1.2B
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
$37.2M
Q3 25
$50.7M
Q2 25
$63.8M
Q1 25
$39.1M
Q4 24
$56.1M
Q3 24
$50.8M
Q2 24
$53.1M
Total Debt
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
$516.1M
Q3 25
$528.9M
Q2 25
$543.3M
Q1 25
$551.3M
Q4 24
$545.4M
Q3 24
$556.4M
Q2 24
$556.1M
Stockholders' Equity
DGICA
DGICA
HLLY
HLLY
Q1 26
$649.1M
Q4 25
$640.4M
$448.9M
Q3 25
$627.4M
$439.7M
Q2 25
$605.7M
$437.8M
Q1 25
$584.7M
$424.6M
Q4 24
$545.8M
$421.2M
Q3 24
$513.4M
$458.7M
Q2 24
$484.1M
$463.2M
Total Assets
DGICA
DGICA
HLLY
HLLY
Q1 26
$2.4B
Q4 25
$2.4B
$1.2B
Q3 25
$2.4B
$1.2B
Q2 25
$2.4B
$1.2B
Q1 25
$2.4B
$1.1B
Q4 24
$2.3B
$1.1B
Q3 24
$2.3B
$1.2B
Q2 24
$2.3B
$1.2B
Debt / Equity
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
1.15×
Q3 25
1.20×
Q2 25
1.24×
Q1 25
1.30×
Q4 24
1.29×
Q3 24
1.21×
Q2 24
1.20×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DGICA
DGICA
HLLY
HLLY
Operating Cash FlowLast quarter
$6.2M
Free Cash FlowOCF − Capex
$3.8M
FCF MarginFCF / Revenue
2.4%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
0.98×
TTM Free Cash FlowTrailing 4 quarters
$33.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
$70.2M
$6.2M
Q3 25
$22.4M
$7.4M
Q2 25
$12.1M
$40.5M
Q1 25
$25.7M
$-7.8M
Q4 24
$67.4M
$4.1M
Q3 24
$12.7M
$-1.7M
Q2 24
$21.7M
$25.7M
Free Cash Flow
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
$3.8M
Q3 25
$5.3M
Q2 25
$35.7M
Q1 25
$-10.8M
Q4 24
$1.7M
Q3 24
$-3.5M
Q2 24
$24.3M
FCF Margin
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
2.4%
Q3 25
3.8%
Q2 25
21.4%
Q1 25
-7.1%
Q4 24
1.2%
Q3 24
-2.6%
Q2 24
14.3%
Capex Intensity
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
1.5%
Q3 25
1.6%
Q2 25
2.9%
Q1 25
1.9%
Q4 24
1.7%
Q3 24
1.3%
Q2 24
0.8%
Cash Conversion
DGICA
DGICA
HLLY
HLLY
Q1 26
Q4 25
4.08×
0.98×
Q3 25
1.11×
Q2 25
0.72×
3.73×
Q1 25
1.02×
-2.79×
Q4 24
2.81×
Q3 24
0.76×
Q2 24
5.22×
1.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DGICA
DGICA

Segment breakdown not available.

HLLY
HLLY

Truck Off Road$125.5M81%
Euro Import$29.9M19%

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