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Side-by-side financial comparison of Liberty Broadband Corp (LBRDA) 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 $261.0M, roughly 1.5× Liberty Broadband Corp). Liberty Broadband Corp runs the higher net margin — 146.7% vs 11.2%, a 135.5% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 6.1%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $37.0M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 4.3%).

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

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.

LBRDA vs SKWD — Head-to-Head

Bigger by revenue
SKWD
SKWD
1.5× larger
SKWD
$385.6M
$261.0M
LBRDA
Growing faster (revenue YoY)
SKWD
SKWD
+20.6% gap
SKWD
26.7%
6.1%
LBRDA
Higher net margin
LBRDA
LBRDA
135.5% more per $
LBRDA
146.7%
11.2%
SKWD
More free cash flow
SKWD
SKWD
$365.6M more FCF
SKWD
$402.6M
$37.0M
LBRDA
Faster 2-yr revenue CAGR
SKWD
SKWD
Annualised
SKWD
20.6%
4.3%
LBRDA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
LBRDA
LBRDA
SKWD
SKWD
Revenue
$261.0M
$385.6M
Net Profit
$383.0M
$43.2M
Gross Margin
Operating Margin
15.7%
14.2%
Net Margin
146.7%
11.2%
Revenue YoY
6.1%
26.7%
Net Profit YoY
96.4%
200.1%
EPS (diluted)
$2.68
$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
LBRDA
LBRDA
SKWD
SKWD
Q4 25
$385.6M
Q3 25
$382.5M
Q2 25
$261.0M
$319.9M
Q1 25
$266.0M
$328.5M
Q4 24
$263.0M
$304.4M
Q3 24
$262.0M
$300.9M
Q2 24
$246.0M
$279.9M
Q1 24
$245.0M
$265.0M
Net Profit
LBRDA
LBRDA
SKWD
SKWD
Q4 25
$43.2M
Q3 25
$45.9M
Q2 25
$383.0M
$38.8M
Q1 25
$268.0M
$42.1M
Q4 24
$291.0M
$14.4M
Q3 24
$142.0M
$36.7M
Q2 24
$195.0M
$31.0M
Q1 24
$241.0M
$36.8M
Operating Margin
LBRDA
LBRDA
SKWD
SKWD
Q4 25
14.2%
Q3 25
15.8%
Q2 25
15.7%
15.6%
Q1 25
16.2%
15.7%
Q4 24
4.9%
6.1%
Q3 24
11.5%
15.6%
Q2 24
8.5%
14.4%
Q1 24
11.4%
17.7%
Net Margin
LBRDA
LBRDA
SKWD
SKWD
Q4 25
11.2%
Q3 25
12.0%
Q2 25
146.7%
12.1%
Q1 25
100.8%
12.8%
Q4 24
110.6%
4.7%
Q3 24
54.2%
12.2%
Q2 24
79.3%
11.1%
Q1 24
98.4%
13.9%
EPS (diluted)
LBRDA
LBRDA
SKWD
SKWD
Q4 25
$1.03
Q3 25
$1.10
Q2 25
$2.68
$0.93
Q1 25
$1.87
$1.01
Q4 24
$2.04
$0.33
Q3 24
$0.99
$0.89
Q2 24
$1.36
$0.75
Q1 24
$1.69
$0.90

Balance Sheet & Financial Strength

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

Metric
LBRDA
LBRDA
SKWD
SKWD
Cash + ST InvestmentsLiquidity on hand
$180.0M
$168.5M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$10.4B
$1.0B
Total Assets
$16.6B
$4.8B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBRDA
LBRDA
SKWD
SKWD
Q4 25
$168.5M
Q3 25
$160.1M
Q2 25
$180.0M
$136.6M
Q1 25
$226.0M
$112.9M
Q4 24
$163.0M
$121.6M
Q3 24
$168.0M
$105.6M
Q2 24
$73.0M
$73.0M
Q1 24
$108.0M
$85.1M
Total Debt
LBRDA
LBRDA
SKWD
SKWD
Q4 25
Q3 25
Q2 25
$3.1B
Q1 25
$3.8B
Q4 24
$3.8B
Q3 24
$3.7B
Q2 24
$3.6B
Q1 24
$3.6B
Stockholders' Equity
LBRDA
LBRDA
SKWD
SKWD
Q4 25
$1.0B
Q3 25
$961.4M
Q2 25
$10.4B
$899.9M
Q1 25
$10.1B
$850.7M
Q4 24
$9.8B
$794.0M
Q3 24
$9.5B
$797.5M
Q2 24
$9.3B
$723.6M
Q1 24
$9.1B
$692.3M
Total Assets
LBRDA
LBRDA
SKWD
SKWD
Q4 25
$4.8B
Q3 25
$4.6B
Q2 25
$16.6B
$4.3B
Q1 25
$17.0B
$4.0B
Q4 24
$16.7B
$3.7B
Q3 24
$16.3B
$3.6B
Q2 24
$16.0B
$3.4B
Q1 24
$15.7B
$3.2B
Debt / Equity
LBRDA
LBRDA
SKWD
SKWD
Q4 25
Q3 25
Q2 25
0.30×
Q1 25
0.38×
Q4 24
0.38×
Q3 24
0.39×
Q2 24
0.39×
Q1 24
0.40×

Cash Flow & Capital Efficiency

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

Metric
LBRDA
LBRDA
SKWD
SKWD
Operating Cash FlowLast quarter
$91.0M
$408.1M
Free Cash FlowOCF − Capex
$37.0M
$402.6M
FCF MarginFCF / Revenue
14.2%
104.4%
Capex IntensityCapex / Revenue
20.7%
1.4%
Cash ConversionOCF / Net Profit
0.24×
9.44×
TTM Free Cash FlowTrailing 4 quarters
$-49.0M
$755.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LBRDA
LBRDA
SKWD
SKWD
Q4 25
$408.1M
Q3 25
$171.4M
Q2 25
$91.0M
$88.2M
Q1 25
$78.0M
$96.8M
Q4 24
$1.0M
$305.1M
Q3 24
$24.0M
$168.0M
Q2 24
$27.0M
$21.0M
Q1 24
$52.0M
$94.3M
Free Cash Flow
LBRDA
LBRDA
SKWD
SKWD
Q4 25
$402.6M
Q3 25
$168.9M
Q2 25
$37.0M
$87.1M
Q1 25
$13.0M
$96.6M
Q4 24
$-63.0M
$300.9M
Q3 24
$-36.0M
$167.6M
Q2 24
$-35.0M
$18.4M
Q1 24
$-9.0M
$94.0M
FCF Margin
LBRDA
LBRDA
SKWD
SKWD
Q4 25
104.4%
Q3 25
44.2%
Q2 25
14.2%
27.2%
Q1 25
4.9%
29.4%
Q4 24
-24.0%
98.8%
Q3 24
-13.7%
55.7%
Q2 24
-14.2%
6.6%
Q1 24
-3.7%
35.5%
Capex Intensity
LBRDA
LBRDA
SKWD
SKWD
Q4 25
1.4%
Q3 25
0.6%
Q2 25
20.7%
0.3%
Q1 25
24.4%
0.1%
Q4 24
24.3%
1.4%
Q3 24
22.9%
0.1%
Q2 24
25.2%
0.9%
Q1 24
24.9%
0.1%
Cash Conversion
LBRDA
LBRDA
SKWD
SKWD
Q4 25
9.44×
Q3 25
3.73×
Q2 25
0.24×
2.27×
Q1 25
0.29×
2.30×
Q4 24
0.00×
21.18×
Q3 24
0.17×
4.58×
Q2 24
0.14×
0.68×
Q1 24
0.22×
2.56×

Financial Flow Comparison

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

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