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Side-by-side financial comparison of MARKEL GROUP INC. (MKL) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.

Stanley Black & Decker is the larger business by last-quarter revenue ($3.8B vs $3.6B, roughly 1.1× MARKEL GROUP INC.). MARKEL GROUP INC. runs the higher net margin — 16.1% vs 1.4%, a 14.8% gap on every dollar of revenue. On growth, Stanley Black & Decker posted the faster year-over-year revenue change (0.1% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $155.3M). Over the past eight quarters, Stanley Black & Decker's revenue compounded faster (0.3% CAGR vs -10.5%).

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

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.

MKL vs SWK — Head-to-Head

Bigger by revenue
SWK
SWK
1.1× larger
SWK
$3.8B
$3.6B
MKL
Growing faster (revenue YoY)
SWK
SWK
+7.0% gap
SWK
0.1%
-6.9%
MKL
Higher net margin
MKL
MKL
14.8% more per $
MKL
16.1%
1.4%
SWK
More free cash flow
MKL
MKL
$443.8M more FCF
MKL
$599.1M
$155.3M
SWK
Faster 2-yr revenue CAGR
SWK
SWK
Annualised
SWK
0.3%
-10.5%
MKL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MKL
MKL
SWK
SWK
Revenue
$3.6B
$3.8B
Net Profit
$576.8M
$51.4M
Gross Margin
31.4%
Operating Margin
22.2%
Net Margin
16.1%
1.4%
Revenue YoY
-6.9%
0.1%
Net Profit YoY
5.0%
-43.6%
EPS (diluted)
$48.22
$0.34

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
SWK
SWK
Q4 25
$3.6B
Q3 25
$3.9B
$3.8B
Q2 25
$4.6B
$3.9B
Q1 25
$3.4B
$3.7B
Q4 24
$3.8B
$3.7B
Q3 24
$4.6B
$3.8B
Q2 24
$3.7B
$4.0B
Q1 24
$4.5B
$3.9B
Net Profit
MKL
MKL
SWK
SWK
Q4 25
$576.8M
Q3 25
$751.3M
$51.4M
Q2 25
$657.1M
$101.9M
Q1 25
$121.7M
$90.4M
Q4 24
$549.2M
$194.9M
Q3 24
$905.0M
$91.1M
Q2 24
$267.7M
$-11.2M
Q1 24
$1.0B
$19.5M
Gross Margin
MKL
MKL
SWK
SWK
Q4 25
Q3 25
31.4%
Q2 25
27.0%
Q1 25
29.9%
Q4 24
30.8%
Q3 24
29.9%
Q2 24
28.4%
Q1 24
28.6%
Operating Margin
MKL
MKL
SWK
SWK
Q4 25
22.2%
Q3 25
25.7%
Q2 25
24.1%
Q1 25
8.3%
Q4 24
15.5%
3.4%
Q3 24
29.7%
10.6%
Q2 24
11.1%
9.5%
Q1 24
29.9%
8.3%
Net Margin
MKL
MKL
SWK
SWK
Q4 25
16.1%
Q3 25
19.1%
1.4%
Q2 25
14.3%
2.6%
Q1 25
3.6%
2.4%
Q4 24
14.3%
5.2%
Q3 24
19.6%
2.4%
Q2 24
7.2%
-0.3%
Q1 24
23.0%
0.5%
EPS (diluted)
MKL
MKL
SWK
SWK
Q4 25
$48.22
Q3 25
$59.25
$0.34
Q2 25
$49.67
$0.67
Q1 25
$12.08
$0.60
Q4 24
$39.02
$1.29
Q3 24
$66.25
$0.60
Q2 24
$18.62
$-0.07
Q1 24
$75.43
$0.13

Balance Sheet & Financial Strength

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

Metric
MKL
MKL
SWK
SWK
Cash + ST InvestmentsLiquidity on hand
$4.0B
$268.3M
Total DebtLower is stronger
$4.3B
$5.3B
Stockholders' EquityBook value
$18.6B
$9.0B
Total Assets
$68.9B
$21.8B
Debt / EquityLower = less leverage
0.23×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MKL
MKL
SWK
SWK
Q4 25
$4.0B
Q3 25
$4.0B
$268.3M
Q2 25
$3.7B
$311.8M
Q1 25
$4.2B
$344.8M
Q4 24
$3.7B
$290.5M
Q3 24
$3.9B
$298.7M
Q2 24
$3.5B
$318.5M
Q1 24
$3.6B
$476.6M
Total Debt
MKL
MKL
SWK
SWK
Q4 25
$4.3B
Q3 25
$4.3B
$5.3B
Q2 25
$4.4B
$5.6B
Q1 25
$4.4B
$5.6B
Q4 24
$4.3B
$6.1B
Q3 24
$4.4B
$6.1B
Q2 24
$4.4B
$6.1B
Q1 24
$3.9B
$6.1B
Stockholders' Equity
MKL
MKL
SWK
SWK
Q4 25
$18.6B
Q3 25
$18.0B
$9.0B
Q2 25
$17.3B
$9.1B
Q1 25
$17.1B
$8.8B
Q4 24
$16.9B
$8.7B
Q3 24
$17.0B
$8.9B
Q2 24
$15.9B
$8.7B
Q1 24
$15.7B
$8.9B
Total Assets
MKL
MKL
SWK
SWK
Q4 25
$68.9B
Q3 25
$67.4B
$21.8B
Q2 25
$66.8B
$22.5B
Q1 25
$64.6B
$22.5B
Q4 24
$61.9B
$21.8B
Q3 24
$62.3B
$22.5B
Q2 24
$59.7B
$22.5B
Q1 24
$57.3B
$23.9B
Debt / Equity
MKL
MKL
SWK
SWK
Q4 25
0.23×
Q3 25
0.24×
0.59×
Q2 25
0.25×
0.62×
Q1 25
0.26×
0.63×
Q4 24
0.26×
0.70×
Q3 24
0.26×
0.69×
Q2 24
0.28×
0.70×
Q1 24
0.25×
0.69×

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
SWK
SWK
Operating Cash FlowLast quarter
$662.2M
$221.2M
Free Cash FlowOCF − Capex
$599.1M
$155.3M
FCF MarginFCF / Revenue
16.7%
4.1%
Capex IntensityCapex / Revenue
1.8%
1.8%
Cash ConversionOCF / Net Profit
1.15×
4.30×
TTM Free Cash FlowTrailing 4 quarters
$2.6B
$369.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MKL
MKL
SWK
SWK
Q4 25
$662.2M
Q3 25
$1.2B
$221.2M
Q2 25
$504.4M
$214.3M
Q1 25
$376.2M
$-420.0M
Q4 24
$493.9M
$679.1M
Q3 24
$890.8M
$285.8M
Q2 24
$578.6M
$573.0M
Q1 24
$630.7M
$-431.0M
Free Cash Flow
MKL
MKL
SWK
SWK
Q4 25
$599.1M
Q3 25
$1.2B
$155.3M
Q2 25
$453.8M
$134.7M
Q1 25
$335.5M
$-485.0M
Q4 24
$420.0M
$564.6M
Q3 24
$838.9M
$199.3M
Q2 24
$521.4M
$485.8M
Q1 24
$558.7M
$-496.7M
FCF Margin
MKL
MKL
SWK
SWK
Q4 25
16.7%
Q3 25
29.6%
4.1%
Q2 25
9.9%
3.4%
Q1 25
9.9%
-13.0%
Q4 24
10.9%
15.2%
Q3 24
18.2%
5.3%
Q2 24
14.1%
12.1%
Q1 24
12.5%
-12.8%
Capex Intensity
MKL
MKL
SWK
SWK
Q4 25
1.8%
Q3 25
1.3%
1.8%
Q2 25
1.1%
2.0%
Q1 25
1.2%
1.7%
Q4 24
1.9%
3.1%
Q3 24
1.1%
2.3%
Q2 24
1.5%
2.2%
Q1 24
1.6%
1.7%
Cash Conversion
MKL
MKL
SWK
SWK
Q4 25
1.15×
Q3 25
1.62×
4.30×
Q2 25
0.77×
2.10×
Q1 25
3.09×
-4.65×
Q4 24
0.90×
3.48×
Q3 24
0.98×
3.14×
Q2 24
2.16×
Q1 24
0.62×
-22.10×

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%

SWK
SWK

Tools And Outdoor Segment$3.3B87%
Engineered Fastening Segment$500.5M13%

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