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 $3.1B against $2.7B — 1.2× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.9× against 13.8×. 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 18 metrics below, Slide Insurance Holdings, Inc. leads on 15 and Skyward Specialty Insurance Group, Inc. on 3.

Valuation

Metric SKWD SLDE Insurance Property & Casualty median
P/E 13.81 5.92 10.75
P/S 1.57 2.25 1.21
P/B 2.14 2.61 1.99
Price to free cash flow 6.83 3.02 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.24% 16.88% 9.08%
Free cash flow yield 14.65% 33.12% 12.11%

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% 17.46%
Return on equity 17.34% 53.88% 17.34%
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% 8.02%
EPS growth (last fiscal year) 41.81% 102.37% 39.61%
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 — 0.26% 1.50%
Payout ratio — 0.02 0.14

Size

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

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