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Side-by-side financial comparison of Bowhead Specialty Holdings Inc. (BOW) and California Resources Corp (CRC). Click either name above to swap in a different company.

Bowhead Specialty Holdings Inc. is the larger business by last-quarter revenue ($155.7M vs $119.0M, roughly 1.3× California Resources Corp).

Bowhead Specialty Holdings Inc. is a specialty insurance holding company that offers a diversified portfolio of property and casualty insurance products, focusing on underserved niche market segments primarily across North America. It provides tailored risk management solutions and specialized coverage options for both commercial and individual clients.

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

BOW vs CRC — Head-to-Head

Bigger by revenue
BOW
BOW
1.3× larger
BOW
$155.7M
$119.0M
CRC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BOW
BOW
CRC
CRC
Revenue
$155.7M
$119.0M
Net Profit
$16.0M
Gross Margin
Operating Margin
-597.5%
Net Margin
10.3%
Revenue YoY
26.9%
Net Profit YoY
EPS (diluted)
$0.48
$-8.02

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
BOW
BOW
CRC
CRC
Q1 26
$155.7M
$119.0M
Q4 25
$151.7M
$679.0M
Q3 25
$143.9M
$715.0M
Q2 25
$133.3M
$702.0M
Q1 25
$122.7M
$814.0M
Q4 24
$826.0M
Q3 24
$116.8M
$870.0M
Q2 24
$98.9M
$412.0M
Net Profit
BOW
BOW
CRC
CRC
Q1 26
$16.0M
Q4 25
$14.8M
$12.0M
Q3 25
$15.2M
$64.0M
Q2 25
$12.3M
$172.0M
Q1 25
$11.4M
$115.0M
Q4 24
$33.0M
Q3 24
$12.1M
$345.0M
Q2 24
$5.5M
$8.0M
Operating Margin
BOW
BOW
CRC
CRC
Q1 26
-597.5%
Q4 25
11.7%
6.9%
Q3 25
13.3%
13.7%
Q2 25
11.9%
38.0%
Q1 25
11.8%
22.9%
Q4 24
8.2%
Q3 24
13.5%
59.5%
Q2 24
7.5%
9.2%
Net Margin
BOW
BOW
CRC
CRC
Q1 26
10.3%
Q4 25
9.8%
1.8%
Q3 25
10.5%
9.0%
Q2 25
9.3%
24.5%
Q1 25
9.3%
14.1%
Q4 24
4.0%
Q3 24
10.4%
39.7%
Q2 24
5.6%
1.9%
EPS (diluted)
BOW
BOW
CRC
CRC
Q1 26
$0.48
$-8.02
Q4 25
$0.44
$0.21
Q3 25
$0.45
$0.76
Q2 25
$0.36
$1.92
Q1 25
$0.34
$1.26
Q4 24
$0.87
Q3 24
$0.36
$3.78
Q2 24
$0.20
$0.11

Balance Sheet & Financial Strength

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

Metric
BOW
BOW
CRC
CRC
Cash + ST InvestmentsLiquidity on hand
$97.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$457.9M
$2.9B
Total Assets
$2.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOW
BOW
CRC
CRC
Q1 26
$97.2M
Q4 25
$193.5M
$132.0M
Q3 25
$197.9M
$196.0M
Q2 25
$114.8M
$72.0M
Q1 25
$88.0M
$214.0M
Q4 24
$372.0M
Q3 24
$132.9M
$241.0M
Q2 24
$180.3M
$1.0B
Total Debt
BOW
BOW
CRC
CRC
Q1 26
Q4 25
$146.4M
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
BOW
BOW
CRC
CRC
Q1 26
$457.9M
$2.9B
Q4 25
$448.3M
$3.7B
Q3 25
$430.2M
$3.4B
Q2 25
$407.2M
$3.4B
Q1 25
$391.0M
$3.5B
Q4 24
$3.5B
Q3 24
$364.7M
$3.5B
Q2 24
$339.9M
$2.1B
Total Assets
BOW
BOW
CRC
CRC
Q1 26
$2.5B
Q4 25
$2.4B
$7.4B
Q3 25
$2.1B
$6.8B
Q2 25
$1.9B
$6.7B
Q1 25
$1.8B
$6.8B
Q4 24
$7.1B
Q3 24
$1.5B
$7.1B
Q2 24
$1.4B
$4.5B
Debt / Equity
BOW
BOW
CRC
CRC
Q1 26
Q4 25
0.33×
Q3 25
0.29×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.57×

Cash Flow & Capital Efficiency

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

Metric
BOW
BOW
CRC
CRC
Operating Cash FlowLast quarter
$99.0M
Free Cash FlowOCF − Capex
$-32.0M
FCF MarginFCF / Revenue
-26.9%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$380.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOW
BOW
CRC
CRC
Q1 26
$99.0M
Q4 25
$331.6M
$235.0M
Q3 25
$114.7M
$279.0M
Q2 25
$109.0M
$165.0M
Q1 25
$47.7M
$186.0M
Q4 24
$206.0M
Q3 24
$119.4M
$220.0M
Q2 24
$97.0M
Free Cash Flow
BOW
BOW
CRC
CRC
Q1 26
$-32.0M
Q4 25
$326.0M
$115.0M
Q3 25
$113.5M
$188.0M
Q2 25
$107.4M
$109.0M
Q1 25
$46.5M
$131.0M
Q4 24
$118.0M
Q3 24
$118.4M
$141.0M
Q2 24
$63.0M
FCF Margin
BOW
BOW
CRC
CRC
Q1 26
-26.9%
Q4 25
214.9%
16.9%
Q3 25
78.8%
26.3%
Q2 25
80.6%
15.5%
Q1 25
37.9%
16.1%
Q4 24
14.3%
Q3 24
101.4%
16.2%
Q2 24
15.3%
Capex Intensity
BOW
BOW
CRC
CRC
Q1 26
Q4 25
3.7%
17.7%
Q3 25
0.9%
12.7%
Q2 25
1.2%
8.0%
Q1 25
1.0%
6.8%
Q4 24
10.7%
Q3 24
0.9%
9.1%
Q2 24
8.3%
Cash Conversion
BOW
BOW
CRC
CRC
Q1 26
Q4 25
22.34×
19.58×
Q3 25
7.56×
4.36×
Q2 25
8.83×
0.96×
Q1 25
4.18×
1.62×
Q4 24
6.24×
Q3 24
9.88×
0.64×
Q2 24
12.13×

Financial Flow Comparison

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

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