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Side-by-side financial comparison of Ategrity Specialty Insurance Co Holdings (ASIC) and Liberty Live Holdings, Inc. (LLYVA). Click either name above to swap in a different company.

Ategrity Specialty Insurance Co Holdings is the larger business by last-quarter revenue ($116.1M vs $61.7M, roughly 1.9× Liberty Live Holdings, Inc.). Ategrity Specialty Insurance Co Holdings runs the higher net margin — 19.5% vs -90.3%, a 109.8% gap on every dollar of revenue.

Ategrity Specialty Insurance Co Holdings is a specialty insurance holding company that provides commercial property and casualty insurance solutions. It primarily focuses on excess and surplus lines coverage, serving niche segments including construction, healthcare, and small business markets across the United States, offering tailored policies for unique, hard-to-place risks that standard carriers do not typically cover.

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

ASIC vs LLYVA — Head-to-Head

Bigger by revenue
ASIC
ASIC
1.9× larger
ASIC
$116.1M
$61.7M
LLYVA
Higher net margin
ASIC
ASIC
109.8% more per $
ASIC
19.5%
-90.3%
LLYVA

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ASIC
ASIC
LLYVA
LLYVA
Revenue
$116.1M
$61.7M
Net Profit
$22.7M
$-55.7M
Gross Margin
20.6%
Operating Margin
25.6%
-27.2%
Net Margin
19.5%
-90.3%
Revenue YoY
-3.8%
Net Profit YoY
-464.7%
EPS (diluted)
$0.45

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
ASIC
ASIC
LLYVA
LLYVA
Q3 25
$116.1M
$61.7M
Q2 25
$101.8M
Q3 24
$64.2M
Net Profit
ASIC
ASIC
LLYVA
LLYVA
Q3 25
$22.7M
$-55.7M
Q2 25
$17.6M
Q3 24
$15.3M
Gross Margin
ASIC
ASIC
LLYVA
LLYVA
Q3 25
20.6%
Q2 25
Q3 24
13.2%
Operating Margin
ASIC
ASIC
LLYVA
LLYVA
Q3 25
25.6%
-27.2%
Q2 25
21.9%
Q3 24
-22.6%
Net Margin
ASIC
ASIC
LLYVA
LLYVA
Q3 25
19.5%
-90.3%
Q2 25
17.3%
Q3 24
23.8%
EPS (diluted)
ASIC
ASIC
LLYVA
LLYVA
Q3 25
$0.45
Q2 25
$0.39
Q3 24

Balance Sheet & Financial Strength

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

Metric
ASIC
ASIC
LLYVA
LLYVA
Cash + ST InvestmentsLiquidity on hand
$34.3M
$375.8M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$588.6M
$-409.2M
Total Assets
$1.4B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASIC
ASIC
LLYVA
LLYVA
Q3 25
$34.3M
$375.8M
Q2 25
$23.5M
Q3 24
Total Debt
ASIC
ASIC
LLYVA
LLYVA
Q3 25
$1.9B
Q2 25
Q3 24
Stockholders' Equity
ASIC
ASIC
LLYVA
LLYVA
Q3 25
$588.6M
$-409.2M
Q2 25
$559.7M
Q3 24
$44.6M
Total Assets
ASIC
ASIC
LLYVA
LLYVA
Q3 25
$1.4B
$1.9B
Q2 25
$1.4B
Q3 24

Cash Flow & Capital Efficiency

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

Metric
ASIC
ASIC
LLYVA
LLYVA
Operating Cash FlowLast quarter
$41.1M
$-28.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASIC
ASIC
LLYVA
LLYVA
Q3 25
$41.1M
$-28.9M
Q2 25
$50.8M
Q3 24
Cash Conversion
ASIC
ASIC
LLYVA
LLYVA
Q3 25
1.81×
Q2 25
2.88×
Q3 24

Financial Flow Comparison

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

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