vs

Side-by-side financial comparison of Bowhead Specialty Holdings Inc. (BOW) and Orla Mining Ltd. (ORLA). Click either name above to swap in a different company.

Orla Mining Ltd. is the larger business by last-quarter revenue ($251.2M vs $151.7M, roughly 1.7× Bowhead Specialty Holdings Inc.).

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.

Orla Mining Ltd. is a Canada-based mineral exploration and development firm focused on high-grade gold and precious metal assets in North and Central America, with core projects in Mexico and Nevada, U.S. It follows sustainable responsible mining practices, collaborates with local communities, and delivers long-term value to stakeholders.

BOW vs ORLA — Head-to-Head

Bigger by revenue
ORLA
ORLA
1.7× larger
ORLA
$251.2M
$151.7M
BOW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BOW
BOW
ORLA
ORLA
Revenue
$151.7M
$251.2M
Net Profit
$14.8M
Gross Margin
Operating Margin
11.7%
Net Margin
9.8%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.44

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
ORLA
ORLA
Q4 25
$151.7M
Q3 25
$143.9M
$251.2M
Q2 25
$133.3M
$151.8M
Q1 25
$122.7M
Q3 24
$116.8M
$584.4M
Q2 24
$98.9M
$110.4M
Net Profit
BOW
BOW
ORLA
ORLA
Q4 25
$14.8M
Q3 25
$15.2M
Q2 25
$12.3M
Q1 25
$11.4M
Q3 24
$12.1M
$-368.9M
Q2 24
$5.5M
Operating Margin
BOW
BOW
ORLA
ORLA
Q4 25
11.7%
Q3 25
13.3%
Q2 25
11.9%
Q1 25
11.8%
Q3 24
13.5%
Q2 24
7.5%
Net Margin
BOW
BOW
ORLA
ORLA
Q4 25
9.8%
Q3 25
10.5%
Q2 25
9.3%
Q1 25
9.3%
Q3 24
10.4%
-63.1%
Q2 24
5.6%
EPS (diluted)
BOW
BOW
ORLA
ORLA
Q4 25
$0.44
Q3 25
$0.45
Q2 25
$0.36
Q1 25
$0.34
Q3 24
$0.36
Q2 24
$0.20

Balance Sheet & Financial Strength

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

Metric
BOW
BOW
ORLA
ORLA
Cash + ST InvestmentsLiquidity on hand
$193.5M
Total DebtLower is stronger
$146.4M
Stockholders' EquityBook value
$448.3M
$507.4M
Total Assets
$2.4B
$598.3M
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOW
BOW
ORLA
ORLA
Q4 25
$193.5M
Q3 25
$197.9M
Q2 25
$114.8M
Q1 25
$88.0M
Q3 24
$132.9M
Q2 24
$180.3M
$96.6M
Total Debt
BOW
BOW
ORLA
ORLA
Q4 25
$146.4M
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Stockholders' Equity
BOW
BOW
ORLA
ORLA
Q4 25
$448.3M
Q3 25
$430.2M
$507.4M
Q2 25
$407.2M
$507.4M
Q1 25
$391.0M
Q3 24
$364.7M
$968.6M
Q2 24
$339.9M
$400.5M
Total Assets
BOW
BOW
ORLA
ORLA
Q4 25
$2.4B
Q3 25
$2.1B
$598.3M
Q2 25
$1.9B
$598.3M
Q1 25
$1.8B
Q3 24
$1.5B
$1.3B
Q2 24
$1.4B
$535.8M
Debt / Equity
BOW
BOW
ORLA
ORLA
Q4 25
0.33×
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24

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
ORLA
ORLA
Operating Cash FlowLast quarter
$331.6M
$126.9M
Free Cash FlowOCF − Capex
$326.0M
FCF MarginFCF / Revenue
214.9%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
22.34×
TTM Free Cash FlowTrailing 4 quarters
$593.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOW
BOW
ORLA
ORLA
Q4 25
$331.6M
Q3 25
$114.7M
$126.9M
Q2 25
$109.0M
$74.9M
Q1 25
$47.7M
Q3 24
$119.4M
$92.4M
Q2 24
$22.4M
Free Cash Flow
BOW
BOW
ORLA
ORLA
Q4 25
$326.0M
Q3 25
$113.5M
Q2 25
$107.4M
Q1 25
$46.5M
Q3 24
$118.4M
Q2 24
FCF Margin
BOW
BOW
ORLA
ORLA
Q4 25
214.9%
Q3 25
78.8%
Q2 25
80.6%
Q1 25
37.9%
Q3 24
101.4%
Q2 24
Capex Intensity
BOW
BOW
ORLA
ORLA
Q4 25
3.7%
Q3 25
0.9%
Q2 25
1.2%
Q1 25
1.0%
Q3 24
0.9%
Q2 24
Cash Conversion
BOW
BOW
ORLA
ORLA
Q4 25
22.34×
Q3 25
7.56×
Q2 25
8.83×
Q1 25
4.18×
Q3 24
9.88×
Q2 24

Financial Flow Comparison

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

Related Comparisons