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Goosehead Insurance vs Neptune Insurance Holdings: GSHD and NP compared
Goosehead Insurance is the larger company: $113M of revenue in its latest quarter (Q2 2026) against $59.6M for Neptune Insurance Holdings (Q3 2026). Neptune Insurance Holdings is growing faster (+34% against +21% a year earlier). Neptune Insurance Holdings is more profitable, with an operating margin of 46.9% against 23.5%.
Where the money goes: GSHD and NP
Goosehead Insurance (GSHD) · Q2 2026
Goosehead Insurance, Q2 2026: revenue $113M (+21% year over year), operating margin 23.5%, net earnings $10.1M, operating cash flow $15.9M. The chart follows the revenue to costs, profit and cash.
Neptune Insurance Holdings (NP) · Q3 2026
Neptune Insurance Holdings, Q3 2026: revenue $59.6M (+34% year over year), operating margin 46.9%, net earnings $17.3M, operating cash flow $25.9M. The chart follows the revenue to costs, profit and cash.
| Goosehead Insurance (GSHD) | Neptune Insurance Holdings (NP) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $113M | $59.6M |
| Revenue growth, Y/Y | +21% | +34% |
| Operating margin | 23.5% | 46.9% |
| Net earnings | $10.1M | $17.3M |
| Net margin | 8.9% | 29.0% |
| Operating cash flow | $15.9M | $25.9M |
| Free cash flow | $14.4M | — |
| Market value | $1.6B | — |
| P/E | 46.1× | — |
| Analysts’ mean target | $62.08 | — |
Where the revenue comes from
Goosehead Insurance
- Franchise revenues: $64.1M (56%)
- Commissions and agency fees: $49.3M (44%)
Neptune Insurance Holdings
- Commission income: $45.9M (77%)
- Fee income: $13.7M (23%)
Questions
Which is bigger, Goosehead Insurance or Neptune Insurance Holdings?
Goosehead Insurance is the larger company: $113M of revenue in its latest quarter (Q2 2026) against $59.6M for Neptune Insurance Holdings (Q3 2026).
Is Goosehead Insurance or Neptune Insurance Holdings growing faster?
Neptune Insurance Holdings is growing faster (+34% against +21% a year earlier).
Which is more profitable, Goosehead Insurance or Neptune Insurance Holdings?
Neptune Insurance Holdings is more profitable, with an operating margin of 46.9% against 23.5%.
More: Goosehead Insurance earnings · how Goosehead Insurance makes money · Neptune Insurance Holdings earnings · how Neptune Insurance Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Jul 23, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.