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 $2.7B against $2.0B — 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 13.8×. 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 17 metrics below, Skyward Specialty Insurance Group, Inc. leads on 14 and Porch Group, Inc. on 3.

Valuation

Metric PRCH SKWD Insurance Property & Casualty median
P/E n/m 13.81 10.75
P/S 3.79 1.57 1.21
P/B 100.38 2.14 1.99
Price to free cash flow 25.25 6.83 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (1.70%) 7.24% 9.08%
Free cash flow yield 3.96% 14.65% 12.11%

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% 17.46%
Return on equity (156.54%) 17.34% 17.34%
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% 8.02%
EPS growth (last fiscal year) 90.90% 41.81% 39.61%
Revenue growth, 5-year CAGR 46.17% — 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 — — 1.50%
Payout ratio — — 0.14

Size

Metric PRCH SKWD Insurance Property & Casualty median
Market cap 1.99b 2.67b 2.67b

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