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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $351.4M, roughly 1.1× APOGEE ENTERPRISES, INC.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 4.7%, a 6.5% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 1.6%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 2.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
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.
APOG vs SKWD — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $385.6M |
| Net Profit | $16.6M | $43.2M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 14.2% |
| Net Margin | 4.7% | 11.2% |
| Revenue YoY | 1.6% | 26.7% |
| Net Profit YoY | 568.8% | 200.1% |
| EPS (diluted) | $0.78 | $1.03 |
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 | $351.4M | — | ||
| Q4 25 | $348.6M | $385.6M | ||
| Q3 25 | $358.2M | $382.5M | ||
| Q2 25 | $346.6M | $319.9M | ||
| Q1 25 | $345.7M | $328.5M | ||
| Q4 24 | $341.3M | $304.4M | ||
| Q3 24 | $342.4M | $300.9M | ||
| Q2 24 | $331.5M | $279.9M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $43.2M | ||
| Q3 25 | $23.6M | $45.9M | ||
| Q2 25 | $-2.7M | $38.8M | ||
| Q1 25 | $2.5M | $42.1M | ||
| Q4 24 | $21.0M | $14.4M | ||
| Q3 24 | $30.6M | $36.7M | ||
| Q2 24 | $31.0M | $31.0M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 14.2% | ||
| Q3 25 | 7.5% | 15.8% | ||
| Q2 25 | 2.0% | 15.6% | ||
| Q1 25 | 1.8% | 15.7% | ||
| Q4 24 | 8.4% | 6.1% | ||
| Q3 24 | 12.3% | 15.6% | ||
| Q2 24 | 12.5% | 14.4% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 11.2% | ||
| Q3 25 | 6.6% | 12.0% | ||
| Q2 25 | -0.8% | 12.1% | ||
| Q1 25 | 0.7% | 12.8% | ||
| Q4 24 | 6.1% | 4.7% | ||
| Q3 24 | 8.9% | 12.2% | ||
| Q2 24 | 9.4% | 11.1% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $1.03 | ||
| Q3 25 | $1.10 | $1.10 | ||
| Q2 25 | $-0.13 | $0.93 | ||
| Q1 25 | $0.12 | $1.01 | ||
| Q4 24 | $0.96 | $0.33 | ||
| Q3 24 | $1.40 | $0.89 | ||
| Q2 24 | $1.41 | $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 | $39.5M | $168.5M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $1.0B |
| Total Assets | $1.1B | $4.8B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $168.5M | ||
| Q3 25 | $39.5M | $160.1M | ||
| Q2 25 | $32.8M | $136.6M | ||
| Q1 25 | $41.4M | $112.9M | ||
| Q4 24 | $43.9M | $121.6M | ||
| Q3 24 | $51.0M | $105.6M | ||
| Q2 24 | $30.4M | $73.0M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.0B | ||
| Q3 25 | $500.2M | $961.4M | ||
| Q2 25 | $481.8M | $899.9M | ||
| Q1 25 | $487.9M | $850.7M | ||
| Q4 24 | $522.1M | $794.0M | ||
| Q3 24 | $506.4M | $797.5M | ||
| Q2 24 | $480.0M | $723.6M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $4.8B | ||
| Q3 25 | $1.2B | $4.6B | ||
| Q2 25 | $1.2B | $4.3B | ||
| Q1 25 | $1.2B | $4.0B | ||
| Q4 24 | $1.2B | $3.7B | ||
| Q3 24 | $917.1M | $3.6B | ||
| Q2 24 | $889.0M | $3.4B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $122.5M | $408.1M |
| Free Cash FlowOCF − Capex | — | $402.6M |
| FCF MarginFCF / Revenue | — | 104.4% |
| Capex IntensityCapex / Revenue | 7.8% | 1.4% |
| Cash ConversionOCF / Net Profit | 7.37× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $408.1M | ||
| Q3 25 | $57.1M | $171.4M | ||
| Q2 25 | $-19.8M | $88.2M | ||
| Q1 25 | $30.0M | $96.8M | ||
| Q4 24 | $31.0M | $305.1M | ||
| Q3 24 | $58.7M | $168.0M | ||
| Q2 24 | $5.5M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $402.6M | ||
| Q3 25 | $52.4M | $168.9M | ||
| Q2 25 | $-26.9M | $87.1M | ||
| Q1 25 | $19.1M | $96.6M | ||
| Q4 24 | $22.0M | $300.9M | ||
| Q3 24 | $50.2M | $167.6M | ||
| Q2 24 | $-1.8M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 104.4% | ||
| Q3 25 | 14.6% | 44.2% | ||
| Q2 25 | -7.8% | 27.2% | ||
| Q1 25 | 5.5% | 29.4% | ||
| Q4 24 | 6.4% | 98.8% | ||
| Q3 24 | 14.7% | 55.7% | ||
| Q2 24 | -0.5% | 6.6% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 1.4% | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 2.1% | 0.3% | ||
| Q1 25 | 3.2% | 0.1% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 2.5% | 0.1% | ||
| Q2 24 | 2.2% | 0.9% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 9.44× | ||
| Q3 25 | 2.41× | 3.73× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | 12.08× | 2.30× | ||
| Q4 24 | 1.48× | 21.18× | ||
| Q3 24 | 1.92× | 4.58× | ||
| Q2 24 | 0.18× | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
SKWD
Segment breakdown not available.
