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Side-by-side financial comparison of Great Lakes Dredge & Dock CORP (GLDD) 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 $256.5M, roughly 1.5× Great Lakes Dredge & Dock CORP). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 4.9%, a 6.3% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 26.5%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $50.3M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 13.6%).

Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.

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.

GLDD vs SKWD — Head-to-Head

Bigger by revenue
SKWD
SKWD
1.5× larger
SKWD
$385.6M
$256.5M
GLDD
Growing faster (revenue YoY)
SKWD
SKWD
+0.2% gap
SKWD
26.7%
26.5%
GLDD
Higher net margin
SKWD
SKWD
6.3% more per $
SKWD
11.2%
4.9%
GLDD
More free cash flow
SKWD
SKWD
$352.3M more FCF
SKWD
$402.6M
$50.3M
GLDD
Faster 2-yr revenue CAGR
SKWD
SKWD
Annualised
SKWD
20.6%
13.6%
GLDD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GLDD
GLDD
SKWD
SKWD
Revenue
$256.5M
$385.6M
Net Profit
$12.6M
$43.2M
Gross Margin
20.9%
Operating Margin
12.7%
14.2%
Net Margin
4.9%
11.2%
Revenue YoY
26.5%
26.7%
Net Profit YoY
-35.9%
200.1%
EPS (diluted)
$0.19
$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
GLDD
GLDD
SKWD
SKWD
Q4 25
$256.5M
$385.6M
Q3 25
$195.2M
$382.5M
Q2 25
$193.8M
$319.9M
Q1 25
$242.9M
$328.5M
Q4 24
$202.8M
$304.4M
Q3 24
$191.2M
$300.9M
Q2 24
$170.1M
$279.9M
Q1 24
$198.7M
$265.0M
Net Profit
GLDD
GLDD
SKWD
SKWD
Q4 25
$12.6M
$43.2M
Q3 25
$17.7M
$45.9M
Q2 25
$9.7M
$38.8M
Q1 25
$33.4M
$42.1M
Q4 24
$19.7M
$14.4M
Q3 24
$8.9M
$36.7M
Q2 24
$7.7M
$31.0M
Q1 24
$21.0M
$36.8M
Gross Margin
GLDD
GLDD
SKWD
SKWD
Q4 25
20.9%
Q3 25
22.4%
Q2 25
18.9%
Q1 25
28.6%
Q4 24
24.1%
Q3 24
19.0%
Q2 24
17.5%
Q1 24
22.9%
Operating Margin
GLDD
GLDD
SKWD
SKWD
Q4 25
12.7%
14.2%
Q3 25
14.4%
15.8%
Q2 25
8.8%
15.6%
Q1 25
20.6%
15.7%
Q4 24
14.8%
6.1%
Q3 24
8.7%
15.6%
Q2 24
8.6%
14.4%
Q1 24
15.8%
17.7%
Net Margin
GLDD
GLDD
SKWD
SKWD
Q4 25
4.9%
11.2%
Q3 25
9.1%
12.0%
Q2 25
5.0%
12.1%
Q1 25
13.8%
12.8%
Q4 24
9.7%
4.7%
Q3 24
4.6%
12.2%
Q2 24
4.5%
11.1%
Q1 24
10.6%
13.9%
EPS (diluted)
GLDD
GLDD
SKWD
SKWD
Q4 25
$0.19
$1.03
Q3 25
$0.26
$1.10
Q2 25
$0.14
$0.93
Q1 25
$0.49
$1.01
Q4 24
$0.29
$0.33
Q3 24
$0.13
$0.89
Q2 24
$0.11
$0.75
Q1 24
$0.31
$0.90

Balance Sheet & Financial Strength

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

Metric
GLDD
GLDD
SKWD
SKWD
Cash + ST InvestmentsLiquidity on hand
$13.4M
$168.5M
Total DebtLower is stronger
$378.2M
Stockholders' EquityBook value
$517.1M
$1.0B
Total Assets
$1.3B
$4.8B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLDD
GLDD
SKWD
SKWD
Q4 25
$13.4M
$168.5M
Q3 25
$12.7M
$160.1M
Q2 25
$2.9M
$136.6M
Q1 25
$11.3M
$112.9M
Q4 24
$10.2M
$121.6M
Q3 24
$12.0M
$105.6M
Q2 24
$23.1M
$73.0M
Q1 24
$22.8M
$85.1M
Total Debt
GLDD
GLDD
SKWD
SKWD
Q4 25
$378.2M
Q3 25
Q2 25
Q1 25
Q4 24
$448.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GLDD
GLDD
SKWD
SKWD
Q4 25
$517.1M
$1.0B
Q3 25
$502.1M
$961.4M
Q2 25
$481.9M
$899.9M
Q1 25
$479.9M
$850.7M
Q4 24
$448.9M
$794.0M
Q3 24
$425.4M
$797.5M
Q2 24
$418.0M
$723.6M
Q1 24
$409.0M
$692.3M
Total Assets
GLDD
GLDD
SKWD
SKWD
Q4 25
$1.3B
$4.8B
Q3 25
$1.3B
$4.6B
Q2 25
$1.2B
$4.3B
Q1 25
$1.2B
$4.0B
Q4 24
$1.3B
$3.7B
Q3 24
$1.1B
$3.6B
Q2 24
$1.1B
$3.4B
Q1 24
$1.1B
$3.2B
Debt / Equity
GLDD
GLDD
SKWD
SKWD
Q4 25
0.73×
Q3 25
Q2 25
Q1 25
Q4 24
1.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GLDD
GLDD
SKWD
SKWD
Operating Cash FlowLast quarter
$79.7M
$408.1M
Free Cash FlowOCF − Capex
$50.3M
$402.6M
FCF MarginFCF / Revenue
19.6%
104.4%
Capex IntensityCapex / Revenue
11.5%
1.4%
Cash ConversionOCF / Net Profit
6.31×
9.44×
TTM Free Cash FlowTrailing 4 quarters
$99.5M
$755.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLDD
GLDD
SKWD
SKWD
Q4 25
$79.7M
$408.1M
Q3 25
$49.2M
$171.4M
Q2 25
$56.9M
$88.2M
Q1 25
$60.9M
$96.8M
Q4 24
$-13.5M
$305.1M
Q3 24
$26.8M
$168.0M
Q2 24
$18.4M
$21.0M
Q1 24
$38.4M
$94.3M
Free Cash Flow
GLDD
GLDD
SKWD
SKWD
Q4 25
$50.3M
$402.6M
Q3 25
$13.2M
$168.9M
Q2 25
$-3.7M
$87.1M
Q1 25
$39.6M
$96.6M
Q4 24
$-36.1M
$300.9M
Q3 24
$-11.5M
$167.6M
Q2 24
$-34.0M
$18.4M
Q1 24
$26.5M
$94.0M
FCF Margin
GLDD
GLDD
SKWD
SKWD
Q4 25
19.6%
104.4%
Q3 25
6.8%
44.2%
Q2 25
-1.9%
27.2%
Q1 25
16.3%
29.4%
Q4 24
-17.8%
98.8%
Q3 24
-6.0%
55.7%
Q2 24
-20.0%
6.6%
Q1 24
13.4%
35.5%
Capex Intensity
GLDD
GLDD
SKWD
SKWD
Q4 25
11.5%
1.4%
Q3 25
18.4%
0.6%
Q2 25
31.3%
0.3%
Q1 25
8.7%
0.1%
Q4 24
11.2%
1.4%
Q3 24
20.0%
0.1%
Q2 24
30.8%
0.9%
Q1 24
6.0%
0.1%
Cash Conversion
GLDD
GLDD
SKWD
SKWD
Q4 25
6.31×
9.44×
Q3 25
2.77×
3.73×
Q2 25
5.87×
2.27×
Q1 25
1.82×
2.30×
Q4 24
-0.69×
21.18×
Q3 24
3.02×
4.58×
Q2 24
2.39×
0.68×
Q1 24
1.83×
2.56×

Financial Flow Comparison

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

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