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Side-by-side financial comparison of Hagerty, Inc. (HGTY) and Organogenesis Holdings Inc. (ORGO). Click either name above to swap in a different company.

Hagerty, Inc. is the larger business by last-quarter revenue ($388.1M vs $225.6M, roughly 1.7× Organogenesis Holdings Inc.). Organogenesis Holdings Inc. runs the higher net margin — 19.4% vs 7.4%, a 12.0% gap on every dollar of revenue. On growth, Organogenesis Holdings Inc. posted the faster year-over-year revenue change (78.1% vs 16.5%). Hagerty, Inc. produced more free cash flow last quarter ($194.5M vs $34.8M). Over the past eight quarters, Organogenesis Holdings Inc.'s revenue compounded faster (43.2% CAGR vs 19.5%).

Hagerty, Inc. is an American automotive lifestyle and membership company, as well as the world's largest provider of specialty insurance for classic vehicles. Hagerty is based in Traverse City, Michigan and also operates in Canada, Germany and the United Kingdom.

Organogenesis Holdings Inc. is a leading regenerative medicine firm specializing in developing and manufacturing advanced therapeutic products for wound care, surgical repair, sports medicine, and dermatology. It serves healthcare providers and patients primarily in the U.S. and select international markets, offering clinically validated solutions for unmet medical needs.

HGTY vs ORGO — Head-to-Head

Bigger by revenue
HGTY
HGTY
1.7× larger
HGTY
$388.1M
$225.6M
ORGO
Growing faster (revenue YoY)
ORGO
ORGO
+61.6% gap
ORGO
78.1%
16.5%
HGTY
Higher net margin
ORGO
ORGO
12.0% more per $
ORGO
19.4%
7.4%
HGTY
More free cash flow
HGTY
HGTY
$159.7M more FCF
HGTY
$194.5M
$34.8M
ORGO
Faster 2-yr revenue CAGR
ORGO
ORGO
Annualised
ORGO
43.2%
19.5%
HGTY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HGTY
HGTY
ORGO
ORGO
Revenue
$388.1M
$225.6M
Net Profit
$28.6M
$43.7M
Gross Margin
Operating Margin
10.2%
28.1%
Net Margin
7.4%
19.4%
Revenue YoY
16.5%
78.1%
Net Profit YoY
238.4%
469.5%
EPS (diluted)
$0.31

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
HGTY
HGTY
ORGO
ORGO
Q4 25
$388.1M
$225.6M
Q3 25
$380.0M
$150.9M
Q2 25
$368.7M
$101.0M
Q1 25
$319.6M
$86.7M
Q4 24
$333.2M
$126.7M
Q3 24
$323.4M
$115.2M
Q2 24
$313.2M
$130.2M
Q1 24
$271.7M
$110.0M
Net Profit
HGTY
HGTY
ORGO
ORGO
Q4 25
$28.6M
$43.7M
Q3 25
$46.2M
$21.6M
Q2 25
$47.2M
$-9.4M
Q1 25
$27.3M
$-18.8M
Q4 24
$8.4M
$7.7M
Q3 24
$19.0M
$12.3M
Q2 24
$42.7M
$-17.0M
Q1 24
$8.2M
$-2.1M
Gross Margin
HGTY
HGTY
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
72.6%
Q4 24
75.5%
Q3 24
76.7%
Q2 24
77.6%
Q1 24
73.9%
Operating Margin
HGTY
HGTY
ORGO
ORGO
Q4 25
10.2%
28.1%
Q3 25
9.0%
13.7%
Q2 25
12.9%
-12.5%
Q1 25
8.1%
-30.9%
Q4 24
1.8%
8.1%
Q3 24
3.1%
5.4%
Q2 24
12.2%
-10.7%
Q1 24
4.5%
-3.5%
Net Margin
HGTY
HGTY
ORGO
ORGO
Q4 25
7.4%
19.4%
Q3 25
12.2%
14.3%
Q2 25
12.8%
-9.3%
Q1 25
8.5%
-21.7%
Q4 24
2.5%
6.1%
Q3 24
5.9%
10.7%
Q2 24
13.6%
-13.1%
Q1 24
3.0%
-1.9%
EPS (diluted)
HGTY
HGTY
ORGO
ORGO
Q4 25
$0.31
Q3 25
$0.11
Q2 25
$-0.10
Q1 25
$-0.17
Q4 24
$0.05
Q3 24
$0.09
Q2 24
$-0.13
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
HGTY
HGTY
ORGO
ORGO
Cash + ST InvestmentsLiquidity on hand
$160.2M
$93.7M
Total DebtLower is stronger
$177.9M
Stockholders' EquityBook value
$221.3M
$300.1M
Total Assets
$2.1B
$598.7M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HGTY
HGTY
ORGO
ORGO
Q4 25
$160.2M
$93.7M
Q3 25
$290.5M
$63.7M
Q2 25
$259.6M
$73.1M
Q1 25
$232.7M
$110.0M
Q4 24
$178.7M
$135.6M
Q3 24
$208.9M
$94.3M
Q2 24
$186.4M
$89.9M
Q1 24
$131.2M
$88.6M
Total Debt
HGTY
HGTY
ORGO
ORGO
Q4 25
$177.9M
Q3 25
$104.4M
Q2 25
$153.4M
Q1 25
$132.6M
Q4 24
$105.8M
Q3 24
$122.9M
$62.3M
Q2 24
$98.0M
$63.8M
Q1 24
$91.5M
$65.2M
Stockholders' Equity
HGTY
HGTY
ORGO
ORGO
Q4 25
$221.3M
$300.1M
Q3 25
$211.7M
$255.1M
Q2 25
$172.3M
$233.2M
Q1 25
$162.9M
$242.9M
Q4 24
$150.3M
$262.9M
Q3 24
$148.3M
$278.5M
Q2 24
$94.4M
$263.5M
Q1 24
$93.5M
$278.0M
Total Assets
HGTY
HGTY
ORGO
ORGO
Q4 25
$2.1B
$598.7M
Q3 25
$2.2B
$509.8M
Q2 25
$2.0B
$461.1M
Q1 25
$1.8B
$467.4M
Q4 24
$1.7B
$497.9M
Q3 24
$1.8B
$446.3M
Q2 24
$1.7B
$443.2M
Q1 24
$1.6B
$458.5M
Debt / Equity
HGTY
HGTY
ORGO
ORGO
Q4 25
0.80×
Q3 25
0.49×
Q2 25
0.89×
Q1 25
0.81×
Q4 24
0.70×
Q3 24
0.83×
0.22×
Q2 24
1.04×
0.24×
Q1 24
0.98×
0.23×

Cash Flow & Capital Efficiency

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

Metric
HGTY
HGTY
ORGO
ORGO
Operating Cash FlowLast quarter
$219.0M
$39.4M
Free Cash FlowOCF − Capex
$194.5M
$34.8M
FCF MarginFCF / Revenue
50.1%
15.4%
Capex IntensityCapex / Revenue
6.3%
2.1%
Cash ConversionOCF / Net Profit
7.67×
0.90×
TTM Free Cash FlowTrailing 4 quarters
$365.8M
$-24.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HGTY
HGTY
ORGO
ORGO
Q4 25
$219.0M
$39.4M
Q3 25
$92.2M
$3.1M
Q2 25
$53.9M
$-32.9M
Q1 25
$43.8M
$-19.9M
Q4 24
$177.0M
$10.9M
Q3 24
$67.4M
$8.7M
Q2 24
$64.0M
$4.7M
Q1 24
$58.2M
$-10.2M
Free Cash Flow
HGTY
HGTY
ORGO
ORGO
Q4 25
$194.5M
$34.8M
Q3 25
$85.2M
$844.0K
Q2 25
$47.7M
$-36.5M
Q1 25
$38.4M
$-23.6M
Q4 24
$155.7M
$7.6M
Q3 24
$62.0M
$6.1M
Q2 24
$56.6M
$2.9M
Q1 24
$53.7M
$-12.4M
FCF Margin
HGTY
HGTY
ORGO
ORGO
Q4 25
50.1%
15.4%
Q3 25
22.4%
0.6%
Q2 25
12.9%
-36.1%
Q1 25
12.0%
-27.2%
Q4 24
46.7%
6.0%
Q3 24
19.2%
5.3%
Q2 24
18.1%
2.2%
Q1 24
19.8%
-11.3%
Capex Intensity
HGTY
HGTY
ORGO
ORGO
Q4 25
6.3%
2.1%
Q3 25
1.8%
1.5%
Q2 25
1.7%
3.6%
Q1 25
1.7%
4.2%
Q4 24
6.4%
2.7%
Q3 24
1.7%
2.2%
Q2 24
2.4%
1.4%
Q1 24
1.7%
2.0%
Cash Conversion
HGTY
HGTY
ORGO
ORGO
Q4 25
7.67×
0.90×
Q3 25
2.00×
0.14×
Q2 25
1.14×
Q1 25
1.61×
Q4 24
20.97×
1.43×
Q3 24
3.55×
0.71×
Q2 24
1.50×
Q1 24
7.10×

Financial Flow Comparison

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

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