Porch Group, Inc. (PRCH) vs Skyward Specialty Insurance Group, Inc. (SKWD)

Porch Group, Inc. and Skyward Specialty Insurance Group, Inc. are both Insurance Property & Casualty companies. Skyward Specialty Insurance Group, Inc. is the larger, with a market value of $2.4B against $1.9B — 1.3× the size. Porch Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Skyward Specialty Insurance Group, Inc. trades at 12.4×. Skyward Specialty Insurance Group, Inc. grew revenue faster over the last twelve months: 38.3% against 16.1%. Skyward Specialty Insurance Group, Inc. has the higher net margin (10.8% vs −2.62%) and the higher return on invested capital (10.9% vs 7.07%). Across the 19 metrics below, Skyward Specialty Insurance Group, Inc. leads on 16 and Porch Group, Inc. on 3.

Valuation

Metric PRCH SKWD Insurance Property & Casualty median
P/E n/m 12.39 10.29
P/S 3.58 1.41 1.17
P/B 94.82 1.92 1.83
Price to free cash flow 23.85 6.13 7.48
EV/EBITDA 31.45 9.76 7.49
EV/Sales 4.23 1.47 1.13
Earnings yield (1.80%) 8.07% 9.50%
Free cash flow yield 4.19% 16.33% 13.29%

Profitability

Metric PRCH SKWD Insurance Property & Casualty median
Gross margin 72.10% 44.14% 41.16%
Operating margin 7.88% 15.09% 15.09%
Net margin (2.62%) 10.84% 11.51%
Free cash flow margin 15.60% 23.20% 17.59%
Return on equity (156.54%) 17.34% 18.19%
Return on assets (1.69%) 3.38% 3.74%
Return on invested capital 7.07% 10.89% 12.06%

Growth

Metric PRCH SKWD Insurance Property & Casualty median
Revenue growth (TTM) 16.10% 38.27% 8.69%
EPS growth (last fiscal year) 90.90% 41.81% —
Revenue growth, 5-year CAGR 20.18% — 9.23%
Net income growth, 5-year CAGR 0.00% — 10.09%

Health

Metric PRCH SKWD Insurance Property & Casualty median
Debt to equity 20.93 0.33 0.25
Current ratio 1.45 0.52 0.42
Net debt to EBITDA 5.36 (0.43) 0.08

Dividend

Metric PRCH SKWD Insurance Property & Casualty median
Dividend yield — — 2.79%
Payout ratio 0.00 — 0.27

Size

Metric PRCH SKWD Insurance Property & Casualty median
Market cap 1.87b 2.44b 2.44b

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