Root vs Trupanion
Root and Trupanion are similar in size: $1.52bn and $1.44bn of revenue in their latest fiscal years. Root grew faster (29.0% against 11.9%). Root kept more of each dollar of sales as profit: a net margin of 2.7% against 1.4%. Trupanion carries less debt relative to equity (29.1% against 70.5%).
| Latest fiscal year | RootROOT, 2025 | TrupanionTRUP, 2025 |
|---|---|---|
| Revenue | $1.52bn | $1.44bn |
| Revenue growth | 29.0% | 11.9% |
| Net income | $40.3m | $19.4m |
| Operating margin | 4.1% | 1.0% |
| Net margin | 2.7% | 1.4% |
| Return on equity | 16.5% | 5.5% |
| Free cash flow | $207m | $75.4m |
| Cash | $669m | $138m |
| Total debt | $200m | $112m |
| Debt to equity | 70.5% | 29.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,256 | 1,121 |
| Market value | $879m | $1.35bn |
| Price vs our value range | — | — |
| Moat score | 27 (Weak) | 37 (Weak) |
| Insider trades, 12 months | 0 buys, 13 sales | 0 buys, 30 sales |