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Side-by-side financial comparison of ENCORE CAPITAL GROUP INC (ECPG) 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 ($475.9M vs $473.6M, roughly 1.0× ENCORE CAPITAL GROUP INC). ENCORE CAPITAL GROUP INC runs the higher net margin — 16.2% vs 10.5%, a 5.7% gap on every dollar of revenue. On growth, ENCORE CAPITAL GROUP INC posted the faster year-over-year revenue change (78.3% vs 44.8%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (30.4% CAGR vs 20.1%).
Encore Capital Group, Inc. is a publicly traded debt buyer based in the United States. The company is headquartered in San Diego, and operates throughout the United States. The firm is a publicly traded NASDAQ Global Select company (ECPG), a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500.
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.
ECPG vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $473.6M | $475.9M |
| Net Profit | $76.7M | $49.7M |
| Gross Margin | — | — |
| Operating Margin | 36.6% | 14.9% |
| Net Margin | 16.2% | 10.5% |
| Revenue YoY | 78.3% | 44.8% |
| Net Profit YoY | — | — |
| EPS (diluted) | $3.32 | $1.09 |
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.
| Q1 26 | — | $475.9M | ||
| Q4 25 | $473.6M | $385.6M | ||
| Q3 25 | $460.4M | $382.5M | ||
| Q2 25 | $442.1M | $319.9M | ||
| Q1 25 | $392.8M | $328.5M | ||
| Q4 24 | $265.6M | $304.4M | ||
| Q3 24 | $367.1M | $300.9M | ||
| Q2 24 | $355.3M | $279.9M |
| Q1 26 | — | $49.7M | ||
| Q4 25 | $76.7M | $43.2M | ||
| Q3 25 | $74.7M | $45.9M | ||
| Q2 25 | $58.7M | $38.8M | ||
| Q1 25 | $46.8M | $42.1M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | $30.6M | $36.7M | ||
| Q2 24 | $32.2M | $31.0M |
| Q1 26 | — | 14.9% | ||
| Q4 25 | 36.6% | 14.2% | ||
| Q3 25 | 37.6% | 15.8% | ||
| Q2 25 | 34.1% | 15.6% | ||
| Q1 25 | 32.9% | 15.7% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | 28.9% | 15.6% | ||
| Q2 24 | 28.7% | 14.4% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 16.2% | 11.2% | ||
| Q3 25 | 16.2% | 12.0% | ||
| Q2 25 | 13.3% | 12.1% | ||
| Q1 25 | 11.9% | 12.8% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 8.3% | 12.2% | ||
| Q2 24 | 9.1% | 11.1% |
| Q1 26 | — | $1.09 | ||
| Q4 25 | $3.32 | $1.03 | ||
| Q3 25 | $3.17 | $1.10 | ||
| Q2 25 | $2.49 | $0.93 | ||
| Q1 25 | $1.93 | $1.01 | ||
| Q4 24 | — | $0.33 | ||
| Q3 24 | $1.26 | $0.89 | ||
| Q2 24 | $1.34 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $156.8M | $4.1M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $976.8M | $1.2B |
| Total Assets | $5.3B | $6.5B |
| Debt / EquityLower = less leverage | 4.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.1M | ||
| Q4 25 | $156.8M | $168.5M | ||
| Q3 25 | $172.5M | $160.1M | ||
| Q2 25 | $172.9M | $136.6M | ||
| Q1 25 | $187.1M | $112.9M | ||
| Q4 24 | $199.9M | $121.6M | ||
| Q3 24 | $247.4M | $105.6M | ||
| Q2 24 | $250.6M | $73.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $976.8M | $1.0B | ||
| Q3 25 | $952.9M | $961.4M | ||
| Q2 25 | $896.0M | $899.9M | ||
| Q1 25 | $819.1M | $850.7M | ||
| Q4 24 | $767.3M | $794.0M | ||
| Q3 24 | $1.0B | $797.5M | ||
| Q2 24 | $988.1M | $723.6M |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $5.3B | $4.8B | ||
| Q3 25 | $5.3B | $4.6B | ||
| Q2 25 | $5.2B | $4.3B | ||
| Q1 25 | $5.0B | $4.0B | ||
| Q4 24 | $4.8B | $3.7B | ||
| Q3 24 | $5.0B | $3.6B | ||
| Q2 24 | $4.8B | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | 4.13× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.83× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $153.2M | — |
| Free Cash FlowOCF − Capex | $126.9M | — |
| FCF MarginFCF / Revenue | 26.8% | — |
| Capex IntensityCapex / Revenue | 5.5% | — |
| Cash ConversionOCF / Net Profit | 2.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $244.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $153.2M | $408.1M | ||
| Q3 25 | $81.6M | $171.4M | ||
| Q2 25 | $9.5M | $88.2M | ||
| Q1 25 | $45.3M | $96.8M | ||
| Q4 24 | $156.2M | $305.1M | ||
| Q3 24 | $45.9M | $168.0M | ||
| Q2 24 | $35.7M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | $126.9M | $402.6M | ||
| Q3 25 | $75.6M | $168.9M | ||
| Q2 25 | $3.2M | $87.1M | ||
| Q1 25 | $38.3M | $96.6M | ||
| Q4 24 | $127.2M | $300.9M | ||
| Q3 24 | $39.7M | $167.6M | ||
| Q2 24 | $28.3M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | 26.8% | 104.4% | ||
| Q3 25 | 16.4% | 44.2% | ||
| Q2 25 | 0.7% | 27.2% | ||
| Q1 25 | 9.7% | 29.4% | ||
| Q4 24 | 47.9% | 98.8% | ||
| Q3 24 | 10.8% | 55.7% | ||
| Q2 24 | 8.0% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 1.4% | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 1.4% | 0.3% | ||
| Q1 25 | 1.8% | 0.1% | ||
| Q4 24 | 10.9% | 1.4% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 2.1% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.00× | 9.44× | ||
| Q3 25 | 1.09× | 3.73× | ||
| Q2 25 | 0.16× | 2.27× | ||
| Q1 25 | 0.97× | 2.30× | ||
| Q4 24 | — | 21.18× | ||
| Q3 24 | 1.50× | 4.58× | ||
| Q2 24 | 1.11× | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
