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

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $116.1M, roughly 1.4× Ategrity Specialty Insurance Co Holdings). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 19.5%, a 51.7% 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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

ASIC vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
1.4× larger
STOK
$158.6M
$116.1M
ASIC
Higher net margin
STOK
STOK
51.7% more per $
STOK
71.2%
19.5%
ASIC

Income Statement — Q3 FY2025 vs Q1 FY2025

Metric
ASIC
ASIC
STOK
STOK
Revenue
$116.1M
$158.6M
Net Profit
$22.7M
$112.9M
Gross Margin
Operating Margin
25.6%
70.2%
Net Margin
19.5%
71.2%
Revenue YoY
3661.1%
Net Profit YoY
528.0%
EPS (diluted)
$0.45
$1.90

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
STOK
STOK
Q3 25
$116.1M
Q2 25
$101.8M
Q1 25
$158.6M
Q4 24
$22.6M
Q2 23
$-2.5M
Net Profit
ASIC
ASIC
STOK
STOK
Q3 25
$22.7M
Q2 25
$17.6M
Q1 25
$112.9M
Q4 24
$-10.5M
Q2 23
$-30.7M
Operating Margin
ASIC
ASIC
STOK
STOK
Q3 25
25.6%
Q2 25
21.9%
Q1 25
70.2%
Q4 24
-60.4%
Q2 23
1340.7%
Net Margin
ASIC
ASIC
STOK
STOK
Q3 25
19.5%
Q2 25
17.3%
Q1 25
71.2%
Q4 24
-46.4%
Q2 23
1235.6%
EPS (diluted)
ASIC
ASIC
STOK
STOK
Q3 25
$0.45
Q2 25
$0.39
Q1 25
$1.90
Q4 24
$-0.15
Q2 23
$-0.69

Balance Sheet & Financial Strength

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

Metric
ASIC
ASIC
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$34.3M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$588.6M
$350.1M
Total Assets
$1.4B
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASIC
ASIC
STOK
STOK
Q3 25
$34.3M
Q2 25
$23.5M
Q1 25
$274.8M
Q4 24
$128.0M
Q2 23
$192.1M
Stockholders' Equity
ASIC
ASIC
STOK
STOK
Q3 25
$588.6M
Q2 25
$559.7M
Q1 25
$350.1M
Q4 24
$229.0M
Q2 23
$190.2M
Total Assets
ASIC
ASIC
STOK
STOK
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$406.9M
Q4 24
$271.6M
Q2 23
$256.9M

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
STOK
STOK
Operating Cash FlowLast quarter
$41.1M
$131.8M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.81×
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASIC
ASIC
STOK
STOK
Q3 25
$41.1M
Q2 25
$50.8M
Q1 25
$131.8M
Q4 24
$-23.2M
Q2 23
$-21.8M
Free Cash Flow
ASIC
ASIC
STOK
STOK
Q3 25
Q2 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q2 23
$-22.6M
FCF Margin
ASIC
ASIC
STOK
STOK
Q3 25
Q2 25
Q1 25
83.0%
Q4 24
-102.7%
Q2 23
912.5%
Capex Intensity
ASIC
ASIC
STOK
STOK
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
0.2%
Q2 23
-33.8%
Cash Conversion
ASIC
ASIC
STOK
STOK
Q3 25
1.81×
Q2 25
2.88×
Q1 25
1.17×
Q4 24
Q2 23

Financial Flow Comparison

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

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