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Side-by-side financial comparison of DELUXE CORP (DLX) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
DELUXE CORP is the larger business by last-quarter revenue ($535.2M vs $385.6M, roughly 1.4× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 2.2%, a 9.0% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 2.8%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
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.
DLX vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $385.6M |
| Net Profit | $12.0M | $43.2M |
| Gross Margin | 52.2% | — |
| Operating Margin | 8.9% | 14.2% |
| Net Margin | 2.2% | 11.2% |
| Revenue YoY | 2.8% | 26.7% |
| Net Profit YoY | -5.0% | 200.1% |
| EPS (diluted) | $0.25 | $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.
| Q4 25 | $535.2M | $385.6M | ||
| Q3 25 | $540.2M | $382.5M | ||
| Q2 25 | $521.3M | $319.9M | ||
| Q1 25 | $536.5M | $328.5M | ||
| Q4 24 | $520.6M | $304.4M | ||
| Q3 24 | $528.4M | $300.9M | ||
| Q2 24 | $537.8M | $279.9M | ||
| Q1 24 | $535.0M | $265.0M |
| Q4 25 | $12.0M | $43.2M | ||
| Q3 25 | $33.7M | $45.9M | ||
| Q2 25 | $22.4M | $38.8M | ||
| Q1 25 | $14.0M | $42.1M | ||
| Q4 24 | $12.6M | $14.4M | ||
| Q3 24 | $8.9M | $36.7M | ||
| Q2 24 | $20.5M | $31.0M | ||
| Q1 24 | $10.8M | $36.8M |
| Q4 25 | 52.2% | — | ||
| Q3 25 | 53.9% | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 52.4% | — | ||
| Q4 24 | 52.3% | — | ||
| Q3 24 | 53.3% | — | ||
| Q2 24 | 53.7% | — | ||
| Q1 24 | 53.0% | — |
| Q4 25 | 8.9% | 14.2% | ||
| Q3 25 | 14.0% | 15.8% | ||
| Q2 25 | 11.7% | 15.6% | ||
| Q1 25 | 9.0% | 15.7% | ||
| Q4 24 | 9.0% | 6.1% | ||
| Q3 24 | 7.9% | 15.6% | ||
| Q2 24 | 11.0% | 14.4% | ||
| Q1 24 | 8.3% | 17.7% |
| Q4 25 | 2.2% | 11.2% | ||
| Q3 25 | 6.2% | 12.0% | ||
| Q2 25 | 4.3% | 12.1% | ||
| Q1 25 | 2.6% | 12.8% | ||
| Q4 24 | 2.4% | 4.7% | ||
| Q3 24 | 1.7% | 12.2% | ||
| Q2 24 | 3.8% | 11.1% | ||
| Q1 24 | 2.0% | 13.9% |
| Q4 25 | $0.25 | $1.03 | ||
| Q3 25 | $0.74 | $1.10 | ||
| Q2 25 | $0.50 | $0.93 | ||
| Q1 25 | $0.31 | $1.01 | ||
| Q4 24 | $0.28 | $0.33 | ||
| Q3 24 | $0.20 | $0.89 | ||
| Q2 24 | $0.46 | $0.75 | ||
| Q1 24 | $0.24 | $0.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.9M | $168.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $680.7M | $1.0B |
| Total Assets | $2.9B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | $168.5M | ||
| Q3 25 | $25.8M | $160.1M | ||
| Q2 25 | $26.0M | $136.6M | ||
| Q1 25 | $30.3M | $112.9M | ||
| Q4 24 | $34.4M | $121.6M | ||
| Q3 24 | $41.3M | $105.6M | ||
| Q2 24 | $23.1M | $73.0M | ||
| Q1 24 | $23.5M | $85.1M |
| Q4 25 | $680.7M | $1.0B | ||
| Q3 25 | $664.1M | $961.4M | ||
| Q2 25 | $638.7M | $899.9M | ||
| Q1 25 | $622.5M | $850.7M | ||
| Q4 24 | $620.9M | $794.0M | ||
| Q3 24 | $612.7M | $797.5M | ||
| Q2 24 | $620.5M | $723.6M | ||
| Q1 24 | $608.4M | $692.3M |
| Q4 25 | $2.9B | $4.8B | ||
| Q3 25 | $2.6B | $4.6B | ||
| Q2 25 | $2.5B | $4.3B | ||
| Q1 25 | $2.6B | $4.0B | ||
| Q4 24 | $2.8B | $3.7B | ||
| Q3 24 | $2.6B | $3.6B | ||
| Q2 24 | $2.7B | $3.4B | ||
| Q1 24 | $2.7B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $102.1M | $408.1M |
| Free Cash FlowOCF − Capex | — | $402.6M |
| FCF MarginFCF / Revenue | — | 104.4% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 8.53× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | $408.1M | ||
| Q3 25 | $67.1M | $171.4M | ||
| Q2 25 | $51.1M | $88.2M | ||
| Q1 25 | $50.3M | $96.8M | ||
| Q4 24 | $60.2M | $305.1M | ||
| Q3 24 | $67.9M | $168.0M | ||
| Q2 24 | $39.6M | $21.0M | ||
| Q1 24 | $26.6M | $94.3M |
| Q4 25 | — | $402.6M | ||
| Q3 25 | — | $168.9M | ||
| Q2 25 | $27.8M | $87.1M | ||
| Q1 25 | $24.3M | $96.6M | ||
| Q4 24 | — | $300.9M | ||
| Q3 24 | $46.7M | $167.6M | ||
| Q2 24 | $11.4M | $18.4M | ||
| Q1 24 | $6.1M | $94.0M |
| Q4 25 | — | 104.4% | ||
| Q3 25 | — | 44.2% | ||
| Q2 25 | 5.3% | 27.2% | ||
| Q1 25 | 4.5% | 29.4% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | 8.8% | 55.7% | ||
| Q2 24 | 2.1% | 6.6% | ||
| Q1 24 | 1.1% | 35.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | 4.5% | 0.3% | ||
| Q1 25 | 4.8% | 0.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 4.0% | 0.1% | ||
| Q2 24 | 5.2% | 0.9% | ||
| Q1 24 | 3.8% | 0.1% |
| Q4 25 | 8.53× | 9.44× | ||
| Q3 25 | 1.99× | 3.73× | ||
| Q2 25 | 2.28× | 2.27× | ||
| Q1 25 | 3.59× | 2.30× | ||
| Q4 24 | 4.77× | 21.18× | ||
| Q3 24 | 7.60× | 4.58× | ||
| Q2 24 | 1.94× | 0.68× | ||
| Q1 24 | 2.46× | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
SKWD
Segment breakdown not available.
