Lemonade vs RLI
RLI reported revenue of $1.9 billion in fiscal 2025, 2.6 times Lemonade's $738 million in fiscal 2025. Lemonade's revenue grew 40.1% in its latest year, and RLI's grew 6.3%. Free cash flow was −$26 million at Lemonade and $609 million at RLI.
Side by side
| Lemonade | RLI | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $738M | $1.9B |
| Revenue growth | 40.1% | 6.3% |
| Revenue growth a year, last 5 years | 50.9% | 13.9% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | −22.4% | 21.4% |
| Free cash flow | −$26M | $609M |
| Free cash flow margin | −3.5% | 32.3% |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $242M |
| Change in diluted share count | 4.1% | −0.1% |
| Last close | $45.08 | $64.90 |
| P/E at the last close | — | 15.1× |
| Insider trades, last 12 months | sold $37.7 million | bought $1.3 million, sold $0 |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
LemonadeRLI
Operating margin
Percent of revenue
LemonadeRLI
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
LemonadeRLI