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Side-by-side financial comparison of A. O. Smith (AOS) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
A. O. Smith is the larger business by last-quarter revenue ($945.6M vs $475.9M, roughly 2.0× Skyward Specialty Insurance Group, Inc.). A. O. Smith runs the higher net margin — 12.5% vs 10.5%, a 2.0% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (44.8% vs -2.0%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (30.4% CAGR vs -3.9%).
A. O. Smith Corporation is an American manufacturer of both residential and commercial water heaters and boilers, and the largest manufacturer and marketer of water heaters in North America. It also supplies water treatment and purification products in the Asian market. The company has 27 locations worldwide, including five manufacturing facilities in North America, as well as plants in Bengaluru in India, Nanjing in China and Veldhoven in The Netherlands.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
AOS vs SKWD — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $945.6M | $475.9M |
| Net Profit | $118.0M | $49.7M |
| Gross Margin | 38.7% | — |
| Operating Margin | — | 14.9% |
| Net Margin | 12.5% | 10.5% |
| Revenue YoY | -2.0% | 44.8% |
| Net Profit YoY | -14.0% | — |
| EPS (diluted) | $0.85 | $1.09 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $945.6M | $475.9M | ||
| Q4 25 | $912.5M | $385.6M | ||
| Q3 25 | $942.5M | $382.5M | ||
| Q2 25 | $1.0B | $319.9M | ||
| Q1 25 | $963.9M | $328.5M | ||
| Q4 24 | $912.4M | $304.4M | ||
| Q3 24 | $902.6M | $300.9M | ||
| Q2 24 | $1.0B | $279.9M |
| Q1 26 | $118.0M | $49.7M | ||
| Q4 25 | $125.4M | $43.2M | ||
| Q3 25 | $132.0M | $45.9M | ||
| Q2 25 | $152.2M | $38.8M | ||
| Q1 25 | $136.6M | $42.1M | ||
| Q4 24 | $109.7M | $14.4M | ||
| Q3 24 | $120.1M | $36.7M | ||
| Q2 24 | $156.2M | $31.0M |
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — |
| Q1 26 | — | 14.9% | ||
| Q4 25 | 17.9% | 14.2% | ||
| Q3 25 | 18.6% | 15.8% | ||
| Q2 25 | 20.4% | 15.6% | ||
| Q1 25 | 19.1% | 15.7% | ||
| Q4 24 | 10.1% | 6.1% | ||
| Q3 24 | 19.5% | 15.6% | ||
| Q2 24 | 21.9% | 14.4% |
| Q1 26 | 12.5% | 10.5% | ||
| Q4 25 | 13.7% | 11.2% | ||
| Q3 25 | 14.0% | 12.0% | ||
| Q2 25 | 15.0% | 12.1% | ||
| Q1 25 | 14.2% | 12.8% | ||
| Q4 24 | 12.0% | 4.7% | ||
| Q3 24 | 13.3% | 12.2% | ||
| Q2 24 | 15.2% | 11.1% |
| Q1 26 | $0.85 | $1.09 | ||
| Q4 25 | $0.89 | $1.03 | ||
| Q3 25 | $0.94 | $1.10 | ||
| Q2 25 | $1.07 | $0.93 | ||
| Q1 25 | $0.95 | $1.01 | ||
| Q4 24 | $0.75 | $0.33 | ||
| Q3 24 | $0.82 | $0.89 | ||
| Q2 24 | $1.06 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $185.2M | $4.1M |
| Total DebtLower is stronger | $574.2M | — |
| Stockholders' EquityBook value | $1.9B | $1.2B |
| Total Assets | $3.7B | $6.5B |
| Debt / EquityLower = less leverage | 0.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $185.2M | $4.1M | ||
| Q4 25 | $193.2M | $168.5M | ||
| Q3 25 | $172.8M | $160.1M | ||
| Q2 25 | $177.9M | $136.6M | ||
| Q1 25 | $200.2M | $112.9M | ||
| Q4 24 | $276.1M | $121.6M | ||
| Q3 24 | $255.6M | $105.6M | ||
| Q2 24 | $233.3M | $73.0M |
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | $1.2B | ||
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.8B | $961.4M | ||
| Q2 25 | $1.8B | $899.9M | ||
| Q1 25 | $1.9B | $850.7M | ||
| Q4 24 | $1.9B | $794.0M | ||
| Q3 24 | $1.9B | $797.5M | ||
| Q2 24 | $1.9B | $723.6M |
| Q1 26 | $3.7B | $6.5B | ||
| Q4 25 | $3.1B | $4.8B | ||
| Q3 25 | $3.2B | $4.6B | ||
| Q2 25 | $3.2B | $4.3B | ||
| Q1 25 | $3.3B | $4.0B | ||
| Q4 24 | $3.2B | $3.7B | ||
| Q3 24 | $3.2B | $3.6B | ||
| Q2 24 | $3.2B | $3.4B |
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
