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

Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $262.2M, roughly 1.5× Danaos Corp). Danaos Corp runs the higher net margin — 49.9% vs 11.2%, a 38.7% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 6.4%).

Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.

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.

DAC vs SKWD — Head-to-Head

Bigger by revenue
SKWD
SKWD
1.5× larger
SKWD
$385.6M
$262.2M
DAC
Growing faster (revenue YoY)
SKWD
SKWD
+20.2% gap
SKWD
26.7%
6.4%
DAC
Higher net margin
DAC
DAC
38.7% more per $
DAC
49.9%
11.2%
SKWD

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
DAC
DAC
SKWD
SKWD
Revenue
$262.2M
$385.6M
Net Profit
$130.9M
$43.2M
Gross Margin
Operating Margin
47.9%
14.2%
Net Margin
49.9%
11.2%
Revenue YoY
6.4%
26.7%
Net Profit YoY
-7.3%
200.1%
EPS (diluted)
$7.12
$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
DAC
DAC
SKWD
SKWD
Q4 25
$385.6M
Q3 25
$382.5M
Q2 25
$262.2M
$319.9M
Q1 25
$328.5M
Q4 24
$304.4M
Q3 24
$300.9M
Q2 24
$246.3M
$279.9M
Q1 24
$265.0M
Net Profit
DAC
DAC
SKWD
SKWD
Q4 25
$43.2M
Q3 25
$45.9M
Q2 25
$130.9M
$38.8M
Q1 25
$42.1M
Q4 24
$14.4M
Q3 24
$36.7M
Q2 24
$141.2M
$31.0M
Q1 24
$36.8M
Operating Margin
DAC
DAC
SKWD
SKWD
Q4 25
14.2%
Q3 25
15.8%
Q2 25
47.9%
15.6%
Q1 25
15.7%
Q4 24
6.1%
Q3 24
15.6%
Q2 24
56.8%
14.4%
Q1 24
17.7%
Net Margin
DAC
DAC
SKWD
SKWD
Q4 25
11.2%
Q3 25
12.0%
Q2 25
49.9%
12.1%
Q1 25
12.8%
Q4 24
4.7%
Q3 24
12.2%
Q2 24
57.3%
11.1%
Q1 24
13.9%
EPS (diluted)
DAC
DAC
SKWD
SKWD
Q4 25
$1.03
Q3 25
$1.10
Q2 25
$7.12
$0.93
Q1 25
$1.01
Q4 24
$0.33
Q3 24
$0.89
Q2 24
$7.23
$0.75
Q1 24
$0.90

Balance Sheet & Financial Strength

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

Metric
DAC
DAC
SKWD
SKWD
Cash + ST InvestmentsLiquidity on hand
$654.1M
$168.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$1.0B
Total Assets
$4.5B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAC
DAC
SKWD
SKWD
Q4 25
$168.5M
Q3 25
$160.1M
Q2 25
$654.1M
$136.6M
Q1 25
$112.9M
Q4 24
$121.6M
Q3 24
$105.6M
Q2 24
$471.7M
$73.0M
Q1 24
$85.1M
Stockholders' Equity
DAC
DAC
SKWD
SKWD
Q4 25
$1.0B
Q3 25
$961.4M
Q2 25
$3.6B
$899.9M
Q1 25
$850.7M
Q4 24
$794.0M
Q3 24
$797.5M
Q2 24
$3.3B
$723.6M
Q1 24
$692.3M
Total Assets
DAC
DAC
SKWD
SKWD
Q4 25
$4.8B
Q3 25
$4.6B
Q2 25
$4.5B
$4.3B
Q1 25
$4.0B
Q4 24
$3.7B
Q3 24
$3.6B
Q2 24
$4.0B
$3.4B
Q1 24
$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
DAC
DAC
SKWD
SKWD
Operating Cash FlowLast quarter
$408.1M
Free Cash FlowOCF − Capex
$402.6M
FCF MarginFCF / Revenue
104.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
9.44×
TTM Free Cash FlowTrailing 4 quarters
$755.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAC
DAC
SKWD
SKWD
Q4 25
$408.1M
Q3 25
$171.4M
Q2 25
$88.2M
Q1 25
$96.8M
Q4 24
$305.1M
Q3 24
$168.0M
Q2 24
$21.0M
Q1 24
$94.3M
Free Cash Flow
DAC
DAC
SKWD
SKWD
Q4 25
$402.6M
Q3 25
$168.9M
Q2 25
$87.1M
Q1 25
$96.6M
Q4 24
$300.9M
Q3 24
$167.6M
Q2 24
$18.4M
Q1 24
$94.0M
FCF Margin
DAC
DAC
SKWD
SKWD
Q4 25
104.4%
Q3 25
44.2%
Q2 25
27.2%
Q1 25
29.4%
Q4 24
98.8%
Q3 24
55.7%
Q2 24
6.6%
Q1 24
35.5%
Capex Intensity
DAC
DAC
SKWD
SKWD
Q4 25
1.4%
Q3 25
0.6%
Q2 25
0.3%
Q1 25
0.1%
Q4 24
1.4%
Q3 24
0.1%
Q2 24
0.9%
Q1 24
0.1%
Cash Conversion
DAC
DAC
SKWD
SKWD
Q4 25
9.44×
Q3 25
3.73×
Q2 25
2.27×
Q1 25
2.30×
Q4 24
21.18×
Q3 24
4.58×
Q2 24
0.68×
Q1 24
2.56×

Financial Flow Comparison

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

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