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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) 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 $376.4M, roughly 1.0× FOX FACTORY HOLDING CORP). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs -0.2%, a 11.4% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 4.8%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $-2.5M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 6.4%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
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.
FOXF vs SKWD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $385.6M |
| Net Profit | $-634.0K | $43.2M |
| Gross Margin | 30.4% | — |
| Operating Margin | 4.0% | 14.2% |
| Net Margin | -0.2% | 11.2% |
| Revenue YoY | 4.8% | 26.7% |
| Net Profit YoY | -113.3% | 200.1% |
| EPS (diluted) | $-0.02 | $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 | $376.4M | $385.6M | ||
| Q3 25 | $374.9M | $382.5M | ||
| Q2 25 | $355.0M | $319.9M | ||
| Q1 25 | $352.8M | $328.5M | ||
| Q4 24 | — | $304.4M | ||
| Q3 24 | $359.1M | $300.9M | ||
| Q2 24 | $348.5M | $279.9M | ||
| Q1 24 | $333.5M | $265.0M |
| Q4 25 | $-634.0K | $43.2M | ||
| Q3 25 | $2.7M | $45.9M | ||
| Q2 25 | $-259.7M | $38.8M | ||
| Q1 25 | $-141.0K | $42.1M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | $4.8M | $36.7M | ||
| Q2 24 | $5.4M | $31.0M | ||
| Q1 24 | $-3.5M | $36.8M |
| Q4 25 | 30.4% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 29.9% | — | ||
| Q2 24 | 31.8% | — | ||
| Q1 24 | 30.9% | — |
| Q4 25 | 4.0% | 14.2% | ||
| Q3 25 | 4.9% | 15.8% | ||
| Q2 25 | -70.6% | 15.6% | ||
| Q1 25 | 3.2% | 15.7% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | 5.2% | 15.6% | ||
| Q2 24 | 5.3% | 14.4% | ||
| Q1 24 | 2.7% | 17.7% |
| Q4 25 | -0.2% | 11.2% | ||
| Q3 25 | 0.7% | 12.0% | ||
| Q2 25 | -73.1% | 12.1% | ||
| Q1 25 | -0.0% | 12.8% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 1.3% | 12.2% | ||
| Q2 24 | 1.6% | 11.1% | ||
| Q1 24 | -1.0% | 13.9% |
| Q4 25 | $-0.02 | $1.03 | ||
| Q3 25 | $0.07 | $1.10 | ||
| Q2 25 | $-6.23 | $0.93 | ||
| Q1 25 | $0.00 | $1.01 | ||
| Q4 24 | — | $0.33 | ||
| Q3 24 | $0.11 | $0.89 | ||
| Q2 24 | $0.13 | $0.75 | ||
| Q1 24 | $-0.08 | $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 | — | $168.5M |
| Total DebtLower is stronger | $536.7M | — |
| Stockholders' EquityBook value | $956.0M | $1.0B |
| Total Assets | $2.0B | $4.8B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $168.5M | ||
| Q3 25 | — | $160.1M | ||
| Q2 25 | — | $136.6M | ||
| Q1 25 | $71.7M | $112.9M | ||
| Q4 24 | — | $121.6M | ||
| Q3 24 | — | $105.6M | ||
| Q2 24 | — | $73.0M | ||
| Q1 24 | — | $85.1M |
| Q4 25 | $536.7M | — | ||
| Q3 25 | $541.8M | — | ||
| Q2 25 | $546.9M | — | ||
| Q1 25 | $552.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $558.4M | — | ||
| Q2 24 | $564.1M | — | ||
| Q1 24 | $370.4M | — |
| Q4 25 | $956.0M | $1.0B | ||
| Q3 25 | $958.7M | $961.4M | ||
| Q2 25 | $939.9M | $899.9M | ||
| Q1 25 | $1.2B | $850.7M | ||
| Q4 24 | — | $794.0M | ||
| Q3 24 | $1.2B | $797.5M | ||
| Q2 24 | $1.2B | $723.6M | ||
| Q1 24 | $1.2B | $692.3M |
| Q4 25 | $2.0B | $4.8B | ||
| Q3 25 | $2.0B | $4.6B | ||
| Q2 25 | $1.9B | $4.3B | ||
| Q1 25 | $2.2B | $4.0B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | $2.3B | $3.6B | ||
| Q2 24 | $2.3B | $3.4B | ||
| Q1 24 | $2.2B | $3.2B |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.31× | — |
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 | $5.3M | $408.1M |
| Free Cash FlowOCF − Capex | $-2.5M | $402.6M |
| FCF MarginFCF / Revenue | -0.7% | 104.4% |
| Capex IntensityCapex / Revenue | 2.1% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $408.1M | ||
| Q3 25 | $36.8M | $171.4M | ||
| Q2 25 | $680.0K | $88.2M | ||
| Q1 25 | $81.7M | $96.8M | ||
| Q4 24 | — | $305.1M | ||
| Q3 24 | $14.1M | $168.0M | ||
| Q2 24 | $26.7M | $21.0M | ||
| Q1 24 | $9.4M | $94.3M |
| Q4 25 | $-2.5M | $402.6M | ||
| Q3 25 | $24.6M | $168.9M | ||
| Q2 25 | $-6.5M | $87.1M | ||
| Q1 25 | $69.8M | $96.6M | ||
| Q4 24 | — | $300.9M | ||
| Q3 24 | $3.2M | $167.6M | ||
| Q2 24 | $15.4M | $18.4M | ||
| Q1 24 | $-555.0K | $94.0M |
| Q4 25 | -0.7% | 104.4% | ||
| Q3 25 | 6.6% | 44.2% | ||
| Q2 25 | -1.8% | 27.2% | ||
| Q1 25 | 19.8% | 29.4% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | 0.9% | 55.7% | ||
| Q2 24 | 4.4% | 6.6% | ||
| Q1 24 | -0.2% | 35.5% |
| Q4 25 | 2.1% | 1.4% | ||
| Q3 25 | 3.3% | 0.6% | ||
| Q2 25 | 2.0% | 0.3% | ||
| Q1 25 | 3.4% | 0.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 3.0% | 0.1% | ||
| Q2 24 | 3.2% | 0.9% | ||
| Q1 24 | 3.0% | 0.1% |
| Q4 25 | — | 9.44× | ||
| Q3 25 | 13.41× | 3.73× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 21.18× | ||
| Q3 24 | 2.94× | 4.58× | ||
| Q2 24 | 4.94× | 0.68× | ||
| Q1 24 | — | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
SKWD
Segment breakdown not available.
