Cost of revenue · 2016–2025

White Mountains Insurance cost of revenue

$152M+412.8% · FY2025

White Mountains Insurance (WTM) reported $152M in cost of revenue for fiscal 2025, +412.8% year on year.

$102M2016$139M2017$249M2018$48.1M2019$11.3M2020$69.3M2021$98.6M2022$40.4M2023$29.6M2024$152M2025
White Mountains Insurance — Cost of revenue, 2016–2025
Fiscal yearCost of revenueChangeFiling
FY20252025-12-31$152M+412.8%Open →
FY20242024-12-31$29.6M−26.7%Open →
FY20232023-12-31$40.4M−59.0%Open →
FY20222022-12-31$98.6M+42.3%Open →
FY20212021-12-31$69.3M+513.3%Open →
FY20202020-12-31$11.3M−76.5%Open →
FY20192019-12-31$48.1M−80.7%Open →
FY20182018-12-31$249M+78.4%Open →
FY20172017-12-31$139M+36.7%Open →
FY20162016-12-31$102M—Open →

Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2016–2025 compound annual growth +4.5%

Cost of revenue at companies of similar size

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=White Mountains Insurance cost of revenue |url=https://companiesranked.com/en/company/white-mountains-insurance/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). White Mountains Insurance cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/white-mountains-insurance/cost-of-revenue

BibTeX

@misc{companiesranked-en-company-white-mountains-insurance-cost-of-revenue-2026,
  author       = {{CompaniesRanked}},
  title        = {{White Mountains Insurance cost of revenue}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/white-mountains-insurance/cost-of-revenue}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001628280-26-012603 · February 27, 2026

{{cite web |title=White Mountains Insurance cost of revenue — 10-K (0001628280-26-012603) |url=https://www.sec.gov/Archives/edgar/data/776867/000162828026012603/wtm-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-27}}

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