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Side-by-side financial comparison of Heritage Insurance Holdings, Inc. (HRTG) and Liberty Broadband Corp (LBRDA). Click either name above to swap in a different company.

Liberty Broadband Corp is the larger business by last-quarter revenue ($261.0M vs $215.3M, roughly 1.2× Heritage Insurance Holdings, Inc.). Liberty Broadband Corp runs the higher net margin — 146.7% vs 31.0%, a 115.8% gap on every dollar of revenue. On growth, Liberty Broadband Corp posted the faster year-over-year revenue change (6.1% vs 2.4%). Heritage Insurance Holdings, Inc. produced more free cash flow last quarter ($174.2M vs $37.0M). Over the past eight quarters, Heritage Insurance Holdings, Inc.'s revenue compounded faster (6.1% CAGR vs 4.3%).

United Property & Casualty Insurance Company, Inc. is an American property and casualty insurance company with headquarters in Florida. It writes commercial, residential, homeowners’, and flood insurance policies in several coastal states.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

HRTG vs LBRDA — Head-to-Head

Bigger by revenue
LBRDA
LBRDA
1.2× larger
LBRDA
$261.0M
$215.3M
HRTG
Growing faster (revenue YoY)
LBRDA
LBRDA
+3.7% gap
LBRDA
6.1%
2.4%
HRTG
Higher net margin
LBRDA
LBRDA
115.8% more per $
LBRDA
146.7%
31.0%
HRTG
More free cash flow
HRTG
HRTG
$137.2M more FCF
HRTG
$174.2M
$37.0M
LBRDA
Faster 2-yr revenue CAGR
HRTG
HRTG
Annualised
HRTG
6.1%
4.3%
LBRDA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
HRTG
HRTG
LBRDA
LBRDA
Revenue
$215.3M
$261.0M
Net Profit
$66.7M
$383.0M
Gross Margin
Operating Margin
41.6%
15.7%
Net Margin
31.0%
146.7%
Revenue YoY
2.4%
6.1%
Net Profit YoY
228.6%
96.4%
EPS (diluted)
$2.15
$2.68

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
HRTG
HRTG
LBRDA
LBRDA
Q4 25
$215.3M
Q3 25
$212.5M
Q2 25
$208.0M
$261.0M
Q1 25
$211.5M
$266.0M
Q4 24
$210.3M
$263.0M
Q3 24
$211.8M
$262.0M
Q2 24
$203.6M
$246.0M
Q1 24
$191.3M
$245.0M
Net Profit
HRTG
HRTG
LBRDA
LBRDA
Q4 25
$66.7M
Q3 25
$50.4M
Q2 25
$48.0M
$383.0M
Q1 25
$30.5M
$268.0M
Q4 24
$20.3M
$291.0M
Q3 24
$8.2M
$142.0M
Q2 24
$18.9M
$195.0M
Q1 24
$14.2M
$241.0M
Operating Margin
HRTG
HRTG
LBRDA
LBRDA
Q4 25
41.6%
Q3 25
33.0%
Q2 25
31.2%
15.7%
Q1 25
20.1%
16.2%
Q4 24
15.0%
4.9%
Q3 24
5.5%
11.5%
Q2 24
13.6%
8.5%
Q1 24
11.9%
11.4%
Net Margin
HRTG
HRTG
LBRDA
LBRDA
Q4 25
31.0%
Q3 25
23.7%
Q2 25
23.1%
146.7%
Q1 25
14.4%
100.8%
Q4 24
9.7%
110.6%
Q3 24
3.8%
54.2%
Q2 24
9.3%
79.3%
Q1 24
7.4%
98.4%
EPS (diluted)
HRTG
HRTG
LBRDA
LBRDA
Q4 25
$2.15
Q3 25
$1.63
Q2 25
$1.55
$2.68
Q1 25
$0.99
$1.87
Q4 24
$0.66
$2.04
Q3 24
$0.27
$0.99
Q2 24
$0.61
$1.36
Q1 24
$0.47
$1.69

Balance Sheet & Financial Strength

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

Metric
HRTG
HRTG
LBRDA
LBRDA
Cash + ST InvestmentsLiquidity on hand
$559.3M
$180.0M
Total DebtLower is stronger
$78.4M
$3.1B
Stockholders' EquityBook value
$505.3M
$10.4B
Total Assets
$2.2B
$16.6B
Debt / EquityLower = less leverage
0.16×
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HRTG
HRTG
LBRDA
LBRDA
Q4 25
$559.3M
Q3 25
$560.4M
Q2 25
$473.5M
$180.0M
Q1 25
$425.9M
$226.0M
Q4 24
$452.7M
$163.0M
Q3 24
$509.9M
$168.0M
Q2 24
$480.9M
$73.0M
Q1 24
$386.1M
$108.0M
Total Debt
HRTG
HRTG
LBRDA
LBRDA
Q4 25
$78.4M
Q3 25
$79.3M
Q2 25
$92.4M
$3.1B
Q1 25
$94.8M
$3.8B
Q4 24
$116.3M
$3.8B
Q3 24
$118.6M
$3.7B
Q2 24
$120.8M
$3.6B
Q1 24
$123.0M
$3.6B
Stockholders' Equity
HRTG
HRTG
LBRDA
LBRDA
Q4 25
$505.3M
Q3 25
$437.3M
Q2 25
$383.3M
$10.4B
Q1 25
$329.0M
$10.1B
Q4 24
$290.8M
$9.8B
Q3 24
$279.3M
$9.5B
Q2 24
$255.3M
$9.3B
Q1 24
$234.9M
$9.1B
Total Assets
HRTG
HRTG
LBRDA
LBRDA
Q4 25
$2.2B
Q3 25
$2.4B
Q2 25
$2.5B
$16.6B
Q1 25
$2.2B
$17.0B
Q4 24
$2.5B
$16.7B
Q3 24
$2.4B
$16.3B
Q2 24
$2.6B
$16.0B
Q1 24
$2.1B
$15.7B
Debt / Equity
HRTG
HRTG
LBRDA
LBRDA
Q4 25
0.16×
Q3 25
0.18×
Q2 25
0.24×
0.30×
Q1 25
0.29×
0.38×
Q4 24
0.40×
0.38×
Q3 24
0.42×
0.39×
Q2 24
0.47×
0.39×
Q1 24
0.52×
0.40×

Cash Flow & Capital Efficiency

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

Metric
HRTG
HRTG
LBRDA
LBRDA
Operating Cash FlowLast quarter
$182.2M
$91.0M
Free Cash FlowOCF − Capex
$174.2M
$37.0M
FCF MarginFCF / Revenue
80.9%
14.2%
Capex IntensityCapex / Revenue
3.7%
20.7%
Cash ConversionOCF / Net Profit
2.73×
0.24×
TTM Free Cash FlowTrailing 4 quarters
$337.4M
$-49.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HRTG
HRTG
LBRDA
LBRDA
Q4 25
$182.2M
Q3 25
$124.3M
Q2 25
$43.3M
$91.0M
Q1 25
$837.0K
$78.0M
Q4 24
$87.1M
$1.0M
Q3 24
$-13.4M
$24.0M
Q2 24
$152.2M
$27.0M
Q1 24
$4.3M
$52.0M
Free Cash Flow
HRTG
HRTG
LBRDA
LBRDA
Q4 25
$174.2M
Q3 25
$122.7M
Q2 25
$41.8M
$37.0M
Q1 25
$-1.3M
$13.0M
Q4 24
$78.9M
$-63.0M
Q3 24
$-16.3M
$-36.0M
Q2 24
$149.8M
$-35.0M
Q1 24
$4.1M
$-9.0M
FCF Margin
HRTG
HRTG
LBRDA
LBRDA
Q4 25
80.9%
Q3 25
57.8%
Q2 25
20.1%
14.2%
Q1 25
-0.6%
4.9%
Q4 24
37.5%
-24.0%
Q3 24
-7.7%
-13.7%
Q2 24
73.6%
-14.2%
Q1 24
2.1%
-3.7%
Capex Intensity
HRTG
HRTG
LBRDA
LBRDA
Q4 25
3.7%
Q3 25
0.7%
Q2 25
0.7%
20.7%
Q1 25
1.0%
24.4%
Q4 24
3.9%
24.3%
Q3 24
1.4%
22.9%
Q2 24
1.2%
25.2%
Q1 24
0.1%
24.9%
Cash Conversion
HRTG
HRTG
LBRDA
LBRDA
Q4 25
2.73×
Q3 25
2.47×
Q2 25
0.90×
0.24×
Q1 25
0.03×
0.29×
Q4 24
4.29×
0.00×
Q3 24
-1.64×
0.17×
Q2 24
8.07×
0.14×
Q1 24
0.30×
0.22×

Financial Flow Comparison

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

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