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Side-by-side financial comparison of Accelerant Holdings (ARX) and BUCKLE INC (BKE). Click either name above to swap in a different company.

BUCKLE INC is the larger business by last-quarter revenue ($320.8M vs $267.4M, roughly 1.2× Accelerant Holdings). BUCKLE INC runs the higher net margin — 15.2% vs -511.9%, a 527.1% gap on every dollar of revenue.

Accelerant Holdings is a global specialty insurance and reinsurance technology platform that leverages advanced data analytics and risk assessment tools to support insurance carriers, managing general agents, and underwriting partners. It delivers tailored risk solutions, streamlines underwriting workflows, and serves commercial and specialty insurance segments across North America and European markets.

The Buckle, Inc., is an American fashion retailer selling clothing, footwear, and accessories for men, women, and children. The company operates 451 stores in 42 states throughout the United States of America, under the names Buckle and The Buckle. Buckle markets brand name and private label apparel, including denim, other casual bottoms, tops and shirts, dresses and rompers, sportswear and athleisure, outerwear, footwear, swimwear, fragrances, sunglasses, bags and purses, wallets, and other ...

ARX vs BKE — Head-to-Head

Bigger by revenue
BKE
BKE
1.2× larger
BKE
$320.8M
$267.4M
ARX
Higher net margin
BKE
BKE
527.1% more per $
BKE
15.2%
-511.9%
ARX

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
ARX
ARX
BKE
BKE
Revenue
$267.4M
$320.8M
Net Profit
$-1.4B
$48.7M
Gross Margin
48.0%
Operating Margin
-507.7%
19.0%
Net Margin
-511.9%
15.2%
Revenue YoY
9.3%
Net Profit YoY
10.3%
EPS (diluted)
$-6.99
$0.96

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.

Revenue
ARX
ARX
BKE
BKE
Q4 25
$320.8M
Q3 25
$267.4M
$305.7M
Q2 25
$219.1M
$272.1M
Q1 25
$379.2M
Net Profit
ARX
ARX
BKE
BKE
Q4 25
$48.7M
Q3 25
$-1.4B
$45.0M
Q2 25
$8.8M
$35.2M
Q1 25
$77.2M
Gross Margin
ARX
ARX
BKE
BKE
Q4 25
48.0%
Q3 25
47.4%
Q2 25
46.7%
Q1 25
52.6%
Operating Margin
ARX
ARX
BKE
BKE
Q4 25
19.0%
Q3 25
-507.7%
18.4%
Q2 25
10.2%
16.0%
Q1 25
25.4%
Net Margin
ARX
ARX
BKE
BKE
Q4 25
15.2%
Q3 25
-511.9%
14.7%
Q2 25
4.0%
12.9%
Q1 25
20.4%
EPS (diluted)
ARX
ARX
BKE
BKE
Q4 25
$0.96
Q3 25
$-6.99
$0.89
Q2 25
$0.04
$0.70
Q1 25
$1.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARX
ARX
BKE
BKE
Cash + ST InvestmentsLiquidity on hand
$1.6B
$24.0M
Total DebtLower is stronger
$121.9M
Stockholders' EquityBook value
$676.1M
$510.7M
Total Assets
$7.9B
$1.1B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARX
ARX
BKE
BKE
Q4 25
$24.0M
Q3 25
$1.6B
$22.1M
Q2 25
$1.4B
$22.9M
Q1 25
$23.8M
Total Debt
ARX
ARX
BKE
BKE
Q4 25
Q3 25
$121.9M
Q2 25
$126.7M
Q1 25
Stockholders' Equity
ARX
ARX
BKE
BKE
Q4 25
$510.7M
Q3 25
$676.1M
$476.2M
Q2 25
$346.2M
$445.3M
Q1 25
$423.8M
Total Assets
ARX
ARX
BKE
BKE
Q4 25
$1.1B
Q3 25
$7.9B
$1.0B
Q2 25
$7.5B
$977.3M
Q1 25
$913.2M
Debt / Equity
ARX
ARX
BKE
BKE
Q4 25
Q3 25
0.18×
Q2 25
0.37×
Q1 25

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARX
ARX
BKE
BKE
Operating Cash FlowLast quarter
$73.9M
$49.4M
Free Cash FlowOCF − Capex
$38.4M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
1.02×
TTM Free Cash FlowTrailing 4 quarters
$215.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARX
ARX
BKE
BKE
Q4 25
$49.4M
Q3 25
$73.9M
$58.4M
Q2 25
$309.3M
$31.0M
Q1 25
$120.8M
Free Cash Flow
ARX
ARX
BKE
BKE
Q4 25
$38.4M
Q3 25
$46.4M
Q2 25
$19.6M
Q1 25
$111.0M
FCF Margin
ARX
ARX
BKE
BKE
Q4 25
12.0%
Q3 25
15.2%
Q2 25
7.2%
Q1 25
29.3%
Capex Intensity
ARX
ARX
BKE
BKE
Q4 25
3.4%
Q3 25
3.9%
Q2 25
4.2%
Q1 25
2.6%
Cash Conversion
ARX
ARX
BKE
BKE
Q4 25
1.02×
Q3 25
1.30×
Q2 25
35.15×
0.88×
Q1 25
1.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARX
ARX

Underwriting Segment$117.6M44%
Exchange Services Segment$85.0M32%
Other$64.8M24%

BKE
BKE

Segment breakdown not available.

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