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Side-by-side financial comparison of ASTEC INDUSTRIES INC (ASTE) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.

ASTEC INDUSTRIES INC is the larger business by last-quarter revenue ($400.6M vs $385.6M, roughly 1.0× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 3.0%, a 8.2% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 11.6%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $7.4M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 13.8%).

Astec International plc, better known as Astec Power or just Astec, was an international electronics company originally based in Hong Kong that manufactured power supply units and electric power conversion hardware. It was a major vendor of power supply units for computer systems, and for a time it was the largest global manufacturer of power supplies.

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.

ASTE vs SKWD — Head-to-Head

Bigger by revenue
ASTE
ASTE
1.0× larger
ASTE
$400.6M
$385.6M
SKWD
Growing faster (revenue YoY)
SKWD
SKWD
+15.1% gap
SKWD
26.7%
11.6%
ASTE
Higher net margin
SKWD
SKWD
8.2% more per $
SKWD
11.2%
3.0%
ASTE
More free cash flow
SKWD
SKWD
$395.2M more FCF
SKWD
$402.6M
$7.4M
ASTE
Faster 2-yr revenue CAGR
SKWD
SKWD
Annualised
SKWD
20.6%
13.8%
ASTE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASTE
ASTE
SKWD
SKWD
Revenue
$400.6M
$385.6M
Net Profit
$12.0M
$43.2M
Gross Margin
27.3%
Operating Margin
5.7%
14.2%
Net Margin
3.0%
11.2%
Revenue YoY
11.6%
26.7%
Net Profit YoY
-43.1%
200.1%
EPS (diluted)
$0.52
$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.

Revenue
ASTE
ASTE
SKWD
SKWD
Q4 25
$400.6M
$385.6M
Q3 25
$350.1M
$382.5M
Q2 25
$330.3M
$319.9M
Q1 25
$329.4M
$328.5M
Q4 24
$359.0M
$304.4M
Q3 24
$291.4M
$300.9M
Q2 24
$345.5M
$279.9M
Q1 24
$309.2M
$265.0M
Net Profit
ASTE
ASTE
SKWD
SKWD
Q4 25
$12.0M
$43.2M
Q3 25
$-4.2M
$45.9M
Q2 25
$16.7M
$38.8M
Q1 25
$14.3M
$42.1M
Q4 24
$21.1M
$14.4M
Q3 24
$-6.2M
$36.7M
Q2 24
$-14.0M
$31.0M
Q1 24
$3.4M
$36.8M
Gross Margin
ASTE
ASTE
SKWD
SKWD
Q4 25
27.3%
Q3 25
24.1%
Q2 25
26.7%
Q1 25
28.1%
Q4 24
28.7%
Q3 24
22.9%
Q2 24
23.5%
Q1 24
24.9%
Operating Margin
ASTE
ASTE
SKWD
SKWD
Q4 25
5.7%
14.2%
Q3 25
0.3%
15.8%
Q2 25
6.5%
15.6%
Q1 25
6.2%
15.7%
Q4 24
9.7%
6.1%
Q3 24
-2.5%
15.6%
Q2 24
-3.1%
14.4%
Q1 24
2.0%
17.7%
Net Margin
ASTE
ASTE
SKWD
SKWD
Q4 25
3.0%
11.2%
Q3 25
-1.2%
12.0%
Q2 25
5.1%
12.1%
Q1 25
4.3%
12.8%
Q4 24
5.9%
4.7%
Q3 24
-2.1%
12.2%
Q2 24
-4.1%
11.1%
Q1 24
1.1%
13.9%
EPS (diluted)
ASTE
ASTE
SKWD
SKWD
Q4 25
$0.52
$1.03
Q3 25
$-0.18
$1.10
Q2 25
$0.72
$0.93
Q1 25
$0.62
$1.01
Q4 24
$0.92
$0.33
Q3 24
$-0.27
$0.89
Q2 24
$-0.61
$0.75
Q1 24
$0.15
$0.90

Balance Sheet & Financial Strength

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

Metric
ASTE
ASTE
SKWD
SKWD
Cash + ST InvestmentsLiquidity on hand
$74.1M
$168.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$681.7M
$1.0B
Total Assets
$1.4B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTE
ASTE
SKWD
SKWD
Q4 25
$74.1M
$168.5M
Q3 25
$71.8M
$160.1M
Q2 25
$91.6M
$136.6M
Q1 25
$95.4M
$112.9M
Q4 24
$93.8M
$121.6M
Q3 24
$58.9M
$105.6M
Q2 24
$68.4M
$73.0M
Q1 24
$63.8M
$85.1M
Stockholders' Equity
ASTE
ASTE
SKWD
SKWD
Q4 25
$681.7M
$1.0B
Q3 25
$668.9M
$961.4M
Q2 25
$674.9M
$899.9M
Q1 25
$653.2M
$850.7M
Q4 24
$637.8M
$794.0M
Q3 24
$631.4M
$797.5M
Q2 24
$633.3M
$723.6M
Q1 24
$650.3M
$692.3M
Total Assets
ASTE
ASTE
SKWD
SKWD
Q4 25
$1.4B
$4.8B
Q3 25
$1.3B
$4.6B
Q2 25
$1.1B
$4.3B
Q1 25
$1.1B
$4.0B
Q4 24
$1.0B
$3.7B
Q3 24
$1.1B
$3.6B
Q2 24
$1.1B
$3.4B
Q1 24
$1.1B
$3.2B

Cash Flow & Capital Efficiency

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

Metric
ASTE
ASTE
SKWD
SKWD
Operating Cash FlowLast quarter
$36.1M
$408.1M
Free Cash FlowOCF − Capex
$7.4M
$402.6M
FCF MarginFCF / Revenue
1.8%
104.4%
Capex IntensityCapex / Revenue
7.2%
1.4%
Cash ConversionOCF / Net Profit
3.01×
9.44×
TTM Free Cash FlowTrailing 4 quarters
$20.7M
$755.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTE
ASTE
SKWD
SKWD
Q4 25
$36.1M
$408.1M
Q3 25
$-8.1M
$171.4M
Q2 25
$12.9M
$88.2M
Q1 25
$20.5M
$96.8M
Q4 24
$36.6M
$305.1M
Q3 24
$22.5M
$168.0M
Q2 24
$10.9M
$21.0M
Q1 24
$-47.0M
$94.3M
Free Cash Flow
ASTE
ASTE
SKWD
SKWD
Q4 25
$7.4M
$402.6M
Q3 25
$-12.3M
$168.9M
Q2 25
$9.0M
$87.1M
Q1 25
$16.6M
$96.6M
Q4 24
$32.1M
$300.9M
Q3 24
$19.9M
$167.6M
Q2 24
$3.3M
$18.4M
Q1 24
$-52.8M
$94.0M
FCF Margin
ASTE
ASTE
SKWD
SKWD
Q4 25
1.8%
104.4%
Q3 25
-3.5%
44.2%
Q2 25
2.7%
27.2%
Q1 25
5.0%
29.4%
Q4 24
8.9%
98.8%
Q3 24
6.8%
55.7%
Q2 24
1.0%
6.6%
Q1 24
-17.1%
35.5%
Capex Intensity
ASTE
ASTE
SKWD
SKWD
Q4 25
7.2%
1.4%
Q3 25
1.2%
0.6%
Q2 25
1.2%
0.3%
Q1 25
1.2%
0.1%
Q4 24
1.3%
1.4%
Q3 24
0.9%
0.1%
Q2 24
2.2%
0.9%
Q1 24
1.9%
0.1%
Cash Conversion
ASTE
ASTE
SKWD
SKWD
Q4 25
3.01×
9.44×
Q3 25
3.73×
Q2 25
0.77×
2.27×
Q1 25
1.43×
2.30×
Q4 24
1.73×
21.18×
Q3 24
4.58×
Q2 24
0.68×
Q1 24
-13.82×
2.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASTE
ASTE

Infrastructure Group$208.7M52%
Material Solutions$105.3M26%
Parts And Component Sales$58.3M15%
Other$15.3M4%
Service And Equipment Installation Revenue$6.9M2%
Cargo And Freight$6.1M2%

SKWD
SKWD

Segment breakdown not available.

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