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Side-by-side financial comparison of MARKEL GROUP INC. (MKL) and SharkNinja, Inc. (SN). Click either name above to swap in a different company.

SharkNinja, Inc. is the larger business by last-quarter revenue ($5.5B vs $3.6B, roughly 1.5× MARKEL GROUP INC.). On growth, SharkNinja, Inc. posted the faster year-over-year revenue change (30.0% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $308.9M).

Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.

SharkNinja is a global product design and technology company based in Needham, Massachusetts. Founded in 1994 by Mark Rosenzweig and led by CEO Mark Barrocas, who joined the company in 2008 as president. The company's name is formed by combining its two primary brands: Shark and Ninja.

MKL vs SN — Head-to-Head

Bigger by revenue
SN
SN
1.5× larger
SN
$5.5B
$3.6B
MKL
Growing faster (revenue YoY)
SN
SN
+36.9% gap
SN
30.0%
-6.9%
MKL
More free cash flow
MKL
MKL
$290.1M more FCF
MKL
$599.1M
$308.9M
SN

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
MKL
MKL
SN
SN
Revenue
$3.6B
$5.5B
Net Profit
$576.8M
Gross Margin
48.1%
Operating Margin
22.2%
11.7%
Net Margin
16.1%
Revenue YoY
-6.9%
30.0%
Net Profit YoY
5.0%
EPS (diluted)
$48.22
$3.11

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
MKL
MKL
SN
SN
Q4 25
$3.6B
Q3 25
$3.9B
Q2 25
$4.6B
Q1 25
$3.4B
Q4 24
$3.8B
$5.5B
Q3 24
$4.6B
Q2 24
$3.7B
Q1 24
$4.5B
Net Profit
MKL
MKL
SN
SN
Q4 25
$576.8M
Q3 25
$751.3M
Q2 25
$657.1M
Q1 25
$121.7M
Q4 24
$549.2M
Q3 24
$905.0M
Q2 24
$267.7M
Q1 24
$1.0B
Gross Margin
MKL
MKL
SN
SN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
48.1%
Q3 24
Q2 24
Q1 24
Operating Margin
MKL
MKL
SN
SN
Q4 25
22.2%
Q3 25
25.7%
Q2 25
24.1%
Q1 25
8.3%
Q4 24
15.5%
11.7%
Q3 24
29.7%
Q2 24
11.1%
Q1 24
29.9%
Net Margin
MKL
MKL
SN
SN
Q4 25
16.1%
Q3 25
19.1%
Q2 25
14.3%
Q1 25
3.6%
Q4 24
14.3%
Q3 24
19.6%
Q2 24
7.2%
Q1 24
23.0%
EPS (diluted)
MKL
MKL
SN
SN
Q4 25
$48.22
Q3 25
$59.25
Q2 25
$49.67
Q1 25
$12.08
Q4 24
$39.02
$3.11
Q3 24
$66.25
Q2 24
$18.62
Q1 24
$75.43

Balance Sheet & Financial Strength

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

Metric
MKL
MKL
SN
SN
Cash + ST InvestmentsLiquidity on hand
$4.0B
$363.7M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$18.6B
$1.9B
Total Assets
$68.9B
$4.4B
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MKL
MKL
SN
SN
Q4 25
$4.0B
Q3 25
$4.0B
Q2 25
$3.7B
Q1 25
$4.2B
Q4 24
$3.7B
$363.7M
Q3 24
$3.9B
Q2 24
$3.5B
Q1 24
$3.6B
Total Debt
MKL
MKL
SN
SN
Q4 25
$4.3B
Q3 25
$4.3B
Q2 25
$4.4B
Q1 25
$4.4B
Q4 24
$4.3B
Q3 24
$4.4B
Q2 24
$4.4B
Q1 24
$3.9B
Stockholders' Equity
MKL
MKL
SN
SN
Q4 25
$18.6B
Q3 25
$18.0B
Q2 25
$17.3B
Q1 25
$17.1B
Q4 24
$16.9B
$1.9B
Q3 24
$17.0B
Q2 24
$15.9B
Q1 24
$15.7B
Total Assets
MKL
MKL
SN
SN
Q4 25
$68.9B
Q3 25
$67.4B
Q2 25
$66.8B
Q1 25
$64.6B
Q4 24
$61.9B
$4.4B
Q3 24
$62.3B
Q2 24
$59.7B
Q1 24
$57.3B
Debt / Equity
MKL
MKL
SN
SN
Q4 25
0.23×
Q3 25
0.24×
Q2 25
0.25×
Q1 25
0.26×
Q4 24
0.26×
Q3 24
0.26×
Q2 24
0.28×
Q1 24
0.25×

Cash Flow & Capital Efficiency

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

Metric
MKL
MKL
SN
SN
Operating Cash FlowLast quarter
$662.2M
$446.6M
Free Cash FlowOCF − Capex
$599.1M
$308.9M
FCF MarginFCF / Revenue
16.7%
5.6%
Capex IntensityCapex / Revenue
1.8%
2.5%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MKL
MKL
SN
SN
Q4 25
$662.2M
Q3 25
$1.2B
Q2 25
$504.4M
Q1 25
$376.2M
Q4 24
$493.9M
$446.6M
Q3 24
$890.8M
Q2 24
$578.6M
Q1 24
$630.7M
Free Cash Flow
MKL
MKL
SN
SN
Q4 25
$599.1M
Q3 25
$1.2B
Q2 25
$453.8M
Q1 25
$335.5M
Q4 24
$420.0M
$308.9M
Q3 24
$838.9M
Q2 24
$521.4M
Q1 24
$558.7M
FCF Margin
MKL
MKL
SN
SN
Q4 25
16.7%
Q3 25
29.6%
Q2 25
9.9%
Q1 25
9.9%
Q4 24
10.9%
5.6%
Q3 24
18.2%
Q2 24
14.1%
Q1 24
12.5%
Capex Intensity
MKL
MKL
SN
SN
Q4 25
1.8%
Q3 25
1.3%
Q2 25
1.1%
Q1 25
1.2%
Q4 24
1.9%
2.5%
Q3 24
1.1%
Q2 24
1.5%
Q1 24
1.6%
Cash Conversion
MKL
MKL
SN
SN
Q4 25
1.15×
Q3 25
1.62×
Q2 25
0.77×
Q1 25
3.09×
Q4 24
0.90×
Q3 24
0.98×
Q2 24
2.16×
Q1 24
0.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MKL
MKL

Industrial$1.6B45%
Consumer And Other$958.3M27%
Financial$737.0M21%
Other$198.8M6%
Corporate Operations$52.0M1%
Revenue From Contract With Customer$10.5M0%

SN
SN

Segment breakdown not available.

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