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Side-by-side financial comparison of Hagerty, Inc. (HGTY) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.

WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $388.1M, roughly 1.3× Hagerty, Inc.). Hagerty, Inc. runs the higher net margin — 7.4% vs 6.1%, a 1.2% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 16.5%). Hagerty, Inc. produced more free cash flow last quarter ($194.5M vs $145.6M). Over the past eight quarters, Hagerty, Inc.'s revenue compounded faster (19.5% CAGR vs 14.5%).

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.

Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.

HGTY vs WWW — Head-to-Head

Bigger by revenue
WWW
WWW
1.3× larger
WWW
$517.5M
$388.1M
HGTY
Growing faster (revenue YoY)
WWW
WWW
+9.0% gap
WWW
25.5%
16.5%
HGTY
Higher net margin
HGTY
HGTY
1.2% more per $
HGTY
7.4%
6.1%
WWW
More free cash flow
HGTY
HGTY
$48.9M more FCF
HGTY
$194.5M
$145.6M
WWW
Faster 2-yr revenue CAGR
HGTY
HGTY
Annualised
HGTY
19.5%
14.5%
WWW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HGTY
HGTY
WWW
WWW
Revenue
$388.1M
$517.5M
Net Profit
$28.6M
$31.8M
Gross Margin
47.3%
Operating Margin
10.2%
9.7%
Net Margin
7.4%
6.1%
Revenue YoY
16.5%
25.5%
Net Profit YoY
238.4%
162.8%
EPS (diluted)
$0.37

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
WWW
WWW
Q1 26
$517.5M
Q4 25
$388.1M
Q3 25
$380.0M
$470.3M
Q2 25
$368.7M
$474.2M
Q1 25
$319.6M
$412.3M
Q4 24
$333.2M
$494.7M
Q3 24
$323.4M
$440.2M
Q2 24
$313.2M
$425.2M
Net Profit
HGTY
HGTY
WWW
WWW
Q1 26
$31.8M
Q4 25
$28.6M
Q3 25
$46.2M
$25.1M
Q2 25
$47.2M
$26.8M
Q1 25
$27.3M
$12.1M
Q4 24
$8.4M
$23.1M
Q3 24
$19.0M
$23.2M
Q2 24
$42.7M
$13.8M
Gross Margin
HGTY
HGTY
WWW
WWW
Q1 26
47.3%
Q4 25
Q3 25
47.5%
Q2 25
47.2%
Q1 25
47.2%
Q4 24
43.4%
Q3 24
45.1%
Q2 24
43.1%
Operating Margin
HGTY
HGTY
WWW
WWW
Q1 26
9.7%
Q4 25
10.2%
Q3 25
9.0%
8.4%
Q2 25
12.9%
8.6%
Q1 25
8.1%
4.8%
Q4 24
1.8%
7.4%
Q3 24
3.1%
7.9%
Q2 24
12.2%
6.8%
Net Margin
HGTY
HGTY
WWW
WWW
Q1 26
6.1%
Q4 25
7.4%
Q3 25
12.2%
5.3%
Q2 25
12.8%
5.7%
Q1 25
8.5%
2.9%
Q4 24
2.5%
4.7%
Q3 24
5.9%
5.3%
Q2 24
13.6%
3.2%
EPS (diluted)
HGTY
HGTY
WWW
WWW
Q1 26
$0.37
Q4 25
Q3 25
$0.30
Q2 25
$0.32
Q1 25
$0.15
Q4 24
$0.29
Q3 24
$0.28
Q2 24
$0.17

Balance Sheet & Financial Strength

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

Metric
HGTY
HGTY
WWW
WWW
Cash + ST InvestmentsLiquidity on hand
$160.2M
Total DebtLower is stronger
$177.9M
$621.7M
Stockholders' EquityBook value
$221.3M
$408.0M
Total Assets
$2.1B
$1.7B
Debt / EquityLower = less leverage
0.80×
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HGTY
HGTY
WWW
WWW
Q1 26
Q4 25
$160.2M
Q3 25
$290.5M
Q2 25
$259.6M
Q1 25
$232.7M
Q4 24
$178.7M
Q3 24
$208.9M
Q2 24
$186.4M
Total Debt
HGTY
HGTY
WWW
WWW
Q1 26
$621.7M
Q4 25
$177.9M
Q3 25
$104.4M
$676.4M
Q2 25
$153.4M
$708.5M
Q1 25
$132.6M
$710.8M
Q4 24
$105.8M
$648.0M
Q3 24
$122.9M
$702.8M
Q2 24
$98.0M
$814.7M
Stockholders' Equity
HGTY
HGTY
WWW
WWW
Q1 26
$408.0M
Q4 25
$221.3M
Q3 25
$211.7M
$376.7M
Q2 25
$172.3M
$344.0M
Q1 25
$162.9M
$310.6M
Q4 24
$150.3M
$312.9M
Q3 24
$148.3M
$295.2M
Q2 24
$94.4M
$262.1M
Total Assets
HGTY
HGTY
WWW
WWW
Q1 26
$1.7B
Q4 25
$2.1B
Q3 25
$2.2B
$1.7B
Q2 25
$2.0B
$1.8B
Q1 25
$1.8B
$1.7B
Q4 24
$1.7B
$1.7B
Q3 24
$1.8B
$1.8B
Q2 24
$1.7B
$1.8B
Debt / Equity
HGTY
HGTY
WWW
WWW
Q1 26
1.52×
Q4 25
0.80×
Q3 25
0.49×
1.80×
Q2 25
0.89×
2.06×
Q1 25
0.81×
2.29×
Q4 24
0.70×
2.07×
Q3 24
0.83×
2.38×
Q2 24
1.04×
3.11×

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
WWW
WWW
Operating Cash FlowLast quarter
$219.0M
$146.2M
Free Cash FlowOCF − Capex
$194.5M
$145.6M
FCF MarginFCF / Revenue
50.1%
28.1%
Capex IntensityCapex / Revenue
6.3%
0.1%
Cash ConversionOCF / Net Profit
7.67×
4.60×
TTM Free Cash FlowTrailing 4 quarters
$365.8M
$125.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HGTY
HGTY
WWW
WWW
Q1 26
$146.2M
Q4 25
$219.0M
Q3 25
$92.2M
$33.0M
Q2 25
$53.9M
$44.6M
Q1 25
$43.8M
$-83.8M
Q4 24
$177.0M
$82.4M
Q3 24
$67.4M
$108.2M
Q2 24
$64.0M
$26.7M
Free Cash Flow
HGTY
HGTY
WWW
WWW
Q1 26
$145.6M
Q4 25
$194.5M
Q3 25
$85.2M
$30.1M
Q2 25
$47.7M
$41.2M
Q1 25
$38.4M
$-91.4M
Q4 24
$155.7M
$74.4M
Q3 24
$62.0M
$104.1M
Q2 24
$56.6M
$23.7M
FCF Margin
HGTY
HGTY
WWW
WWW
Q1 26
28.1%
Q4 25
50.1%
Q3 25
22.4%
6.4%
Q2 25
12.9%
8.7%
Q1 25
12.0%
-22.2%
Q4 24
46.7%
15.0%
Q3 24
19.2%
23.6%
Q2 24
18.1%
5.6%
Capex Intensity
HGTY
HGTY
WWW
WWW
Q1 26
0.1%
Q4 25
6.3%
Q3 25
1.8%
0.6%
Q2 25
1.7%
0.7%
Q1 25
1.7%
1.8%
Q4 24
6.4%
1.6%
Q3 24
1.7%
0.9%
Q2 24
2.4%
0.7%
Cash Conversion
HGTY
HGTY
WWW
WWW
Q1 26
4.60×
Q4 25
7.67×
Q3 25
2.00×
1.31×
Q2 25
1.14×
1.66×
Q1 25
1.61×
-6.93×
Q4 24
20.97×
3.57×
Q3 24
3.55×
4.66×
Q2 24
1.50×
1.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HGTY
HGTY

Segment breakdown not available.

WWW
WWW

Sales Channel Through Intermediary$230.2M44%
Sales Channel Directly To Consumer$142.6M28%
Work Group$134.0M26%
Other$10.7M2%

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