Lemonade, Inc. (LMND) vs Slide Insurance Holdings, Inc. (SLDE)

Lemonade, Inc. and Slide Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Lemonade, Inc. is the larger, with a market value of $3.6B against $3.1B — 1.1× the size. Lemonade, Inc. has negative trailing earnings, so its P/E is not meaningful; Slide Insurance Holdings, Inc. trades at 5.9×. Lemonade, Inc. grew revenue faster over the last twelve months: 62.3% against 45.8%. Slide Insurance Holdings, Inc. has the higher net margin (40.0% vs −14.2%) and the higher return on invested capital (0.00% vs −25.6%). Across the 17 metrics below, Slide Insurance Holdings, Inc. leads on 16 and Lemonade, Inc. on 1.

Valuation

Metric LMND SLDE Insurance Property & Casualty median
P/E n/m 5.92 10.75
P/S 3.49 2.25 1.21
P/B 6.81 2.61 1.99
Price to free cash flow 420.09 3.02 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (4.14%) 16.88% 9.08%
Free cash flow yield 0.24% 33.12% 12.11%

Profitability

Metric LMND SLDE Insurance Property & Casualty median
Gross margin 51.65% 67.94% 41.16%
Operating margin (13.67%) 53.05% 15.09%
Net margin (14.19%) 40.02% 11.51%
Free cash flow margin 0.83% 74.49% 17.46%
Return on equity (26.96%) 53.88% 17.34%
Return on assets (7.01%) 17.33% 3.74%
Return on invested capital (25.59%) 0.00% 12.06%

Growth

Metric LMND SLDE Insurance Property & Casualty median
Revenue growth (TTM) 62.31% 45.82% 8.02%
EPS growth (last fiscal year) 21.40% 102.37% 39.61%
Revenue growth, 5-year CAGR 50.87% — 9.23%
Net income growth, 5-year CAGR 0.00% — 10.09%

Health

Metric LMND SLDE Insurance Property & Casualty median
Debt to equity 0.41 0.02 0.25
Current ratio 0.81 1.22 0.42
Net debt to EBITDA 1.58 (2.73) 0.08

Dividend

Metric LMND SLDE Insurance Property & Casualty median
Dividend yield — 0.26% 1.50%
Payout ratio — 0.02 0.14

Size

Metric LMND SLDE Insurance Property & Casualty median
Market cap 3.55b 3.10b 2.67b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack