Bowhead Specialty Holdings Inc. (BOW) vs Hippo Holdings Inc. (HIPO)

Bowhead Specialty Holdings Inc. and Hippo Holdings Inc. are both Insurance Property & Casualty companies. Bowhead Specialty Holdings Inc. is the larger, with a market value of $1.1B against $930.5M — 1.2× the size. Hippo Holdings Inc. trades at the lower P/E: 7.4× against 18.5×. Bowhead Specialty Holdings Inc. grew revenue faster over the last twelve months: 25.0% against 19.3%. Hippo Holdings Inc. has the higher net margin (23.9% vs 10.1%) and the lower return on invested capital (8.68% vs 11.4%). Across the 18 metrics below, Hippo Holdings Inc. leads on 11 and Bowhead Specialty Holdings Inc. on 7.

Valuation

Metric BOW HIPO Insurance Property & Casualty median
P/E 18.48 7.37 10.75
P/S 1.83 1.82 1.21
P/B 2.38 1.99 1.99
Price to free cash flow 3.42 16.84 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 5.41% 13.58% 9.08%
Free cash flow yield 29.24% 5.94% 12.11%

Profitability

Metric BOW HIPO Insurance Property & Casualty median
Gross margin 30.51% 100.00% 41.16%
Operating margin 13.50% 6.62% 15.09%
Net margin 10.11% 23.92% 11.51%
Free cash flow margin 53.45% 11.47% 17.46%
Return on equity 14.14% 30.34% 17.34%
Return on assets 2.69% 6.03% 3.74%
Return on invested capital 11.43% 8.68% 12.06%

Growth

Metric BOW HIPO Insurance Property & Casualty median
Revenue growth (TTM) 25.02% 19.34% 8.02%
EPS growth (last fiscal year) 23.26% 235.37% 39.61%
Revenue growth, 5-year CAGR — 55.46% 9.23%
Net income growth, 5-year CAGR — 0.00% 10.09%

Health

Metric BOW HIPO Insurance Property & Casualty median
Debt to equity 0.31 0.10 0.25
Current ratio 0.48 0.95 0.42
Net debt to EBITDA (1.19) 38.15 0.08

Dividend

Metric BOW HIPO Insurance Property & Casualty median
Dividend yield — — 1.50%
Payout ratio — — 0.14

Size

Metric BOW HIPO Insurance Property & Casualty median
Market cap 1.12b 930.49m 2.67b

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