Skyward Specialty Insurance Group, Inc. (SKWD) vs Slide Insurance Holdings, Inc. (SLDE)

Skyward Specialty Insurance 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 $2.7B against $2.4B — 1.1× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.1× against 12.4×. Slide Insurance Holdings, Inc. grew revenue faster over the last twelve months: 45.8% against 38.3%. Slide Insurance Holdings, Inc. has the higher net margin (40.0% vs 10.8%) and the lower return on invested capital (0.00% vs 10.9%). Across the 20 metrics below, Slide Insurance Holdings, Inc. leads on 17 and Skyward Specialty Insurance Group, Inc. on 3.

Valuation

Metric SKWD SLDE Insurance Property & Casualty median
P/E 12.39 5.05 10.29
P/S 1.41 1.92 1.17
P/B 1.92 2.23 1.83
Price to free cash flow 6.13 2.58 7.48
EV/EBITDA 9.76 1.17 7.49
EV/Sales 1.47 0.63 1.13
Earnings yield 8.07% 19.78% 9.50%
Free cash flow yield 16.33% 38.81% 13.29%

Profitability

Metric SKWD SLDE Insurance Property & Casualty median
Gross margin 44.14% 67.94% 41.16%
Operating margin 15.09% 53.05% 15.09%
Net margin 10.84% 40.02% 11.51%
Free cash flow margin 23.20% 74.49% 17.59%
Return on equity 17.34% 53.88% 18.19%
Return on assets 3.38% 17.33% 3.74%
Return on invested capital 10.89% 0.00% 12.06%

Growth

Metric SKWD SLDE Insurance Property & Casualty median
Revenue growth (TTM) 38.27% 45.82% 8.69%
EPS growth (last fiscal year) 41.81% 102.37% —
Revenue growth, 5-year CAGR — — 9.23%
Net income growth, 5-year CAGR — — 10.09%

Health

Metric SKWD SLDE Insurance Property & Casualty median
Debt to equity 0.33 0.02 0.25
Current ratio 0.52 1.22 0.42
Net debt to EBITDA (0.43) (2.73) 0.08

Dividend

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

Size

Metric SKWD SLDE Insurance Property & Casualty median
Market cap 2.44b 2.74b 2.44b

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