Tiptree Inc. (TIPT) intrinsic value & 10-year financials
Tiptree Inc. (TIPT) has a Graham intrinsic value of $7.40 per share. At $16.46 on Oct 17, 2026, the stock trades 122% above that value. Over the last 10 fiscal years revenue shrank 42.9% a year to $488.0K, with an average return on invested capital of -2.1%.
- Graham intrinsic value
- $7.40
- Share price (Oct 17, 2026)
- $16.46
- Price vs Graham value
- 122% above
- Market cap
- $618.2M
- Revenue (FY2025)
- $488.0K
- Revenue growth (10-yr CAGR)
- -42.9%
- ROIC (10-yr avg)
- -2.1%
- Free cash flow (FY2025)
- $168.2M
TIPT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $488.0K | $34.9M | $0.76 | $168.2M | -9574.6% | -13.2% |
| FY2024 | $341.5M | $53.4M | $1.30 | $236.7M | -11.8% | -8.1% |
| FY2023 | $341.4M | $14.0M | $0.33 | $57.4M | -12.7% | -9.3% |
| FY2022 | $300.2M | -$8.3M | -$0.23 | $452.3M | — | -2.3% |
| FY2021 | $258.6M | $38.1M | $1.09 | $201.6M | — | 6.4% |
| FY2020 | $163.6M | -$29.2M | -$0.86 | $133.5M | — | -4.8% |
| FY2019 | $89.0M | $18.4M | $0.50 | $15.2M | — | 2.8% |
| FY2018 | $72.8M | $23.9M | $0.69 | $54.0M | — | 4.0% |
| FY2017 | $66.2M | $3.6M | — | $45.2M | — | 0.5% |
| FY2016 | $75.1M | $25.3M | — | $35.2M | — | 2.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TIPTREE INC. is facing top-line stagnation, with revenue contracting over the decade.
TIPTREE INC. has historically struggled to out-earn its cost of capital, averaging just -2.1% ROIC.
TIPTREE INC. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TIPTREE INC. is modeled at 1.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $7.40 per share.