Porch Group, Inc. (PRCH) vs Slide Insurance Holdings, Inc. (SLDE)

Porch Group, Inc. and Slide Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Slide Insurance Holdings, Inc. is the larger, with a market value of $3.1B against $2.3B — 1.3× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.4× against 344×. Slide Insurance Holdings, Inc. grew revenue faster over the last twelve months: 47.1% against 15.6%. Slide Insurance Holdings, Inc. has the higher net margin (39.3% vs 1.81%) and the lower return on invested capital (0.00% vs 7.73%). Across the 18 metrics below, Slide Insurance Holdings, Inc. leads on 15 and Porch Group, Inc. on 3.

Valuation

Metric PRCH SLDE Insurance Property & Casualty median
P/E 343.94 5.41 12.17
P/S 4.37 2.07 1.26
P/B 78.18 2.36 1.85
Price to free cash flow 24.29 3.20 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 0.29% 18.48% 8.20%
Free cash flow yield 4.12% 31.27% 11.86%

Profitability

Metric PRCH SLDE Insurance Property & Casualty median
Gross margin 72.06% 64.75% 37.39%
Operating margin 7.97% 50.68% 14.67%
Net margin 1.81% 39.28% 10.16%
Free cash flow margin 18.60% 64.74% 18.60%
Return on equity 47.80% 51.44% 16.59%
Return on assets 1.16% 19.18% 3.38%
Return on invested capital 7.73% 0.00% 9.43%

Growth

Metric PRCH SLDE Insurance Property & Casualty median
Revenue growth (TTM) 15.64% 47.09% 5.70%
EPS growth (last fiscal year) 90.90% 102.37% 39.61%
Revenue growth, 5-year CAGR 46.17% — 9.23%
Net income growth, 5-year CAGR 0.00% — 10.09%

Health

Metric PRCH SLDE Insurance Property & Casualty median
Debt to equity 13.63 0.02 0.25
Current ratio 1.46 1.26 0.49
Net debt to EBITDA 5.36 (2.73) 0.08

Dividend

Metric PRCH SLDE Insurance Property & Casualty median
Dividend yield — 0.27% 1.56%
Payout ratio — 0.02 0.15

Size

Metric PRCH SLDE Insurance Property & Casualty median
Market cap 2.32b 3.10b 2.64b

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