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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) 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 $327.6M, roughly 1.2× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 11.2%, a 10.1% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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.

NMM vs SKWD — Head-to-Head

Bigger by revenue
SKWD
SKWD
1.2× larger
SKWD
$385.6M
$327.6M
NMM
Growing faster (revenue YoY)
SKWD
SKWD
+30.9% gap
SKWD
26.7%
-4.3%
NMM
Higher net margin
NMM
NMM
10.1% more per $
NMM
21.4%
11.2%
SKWD

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
SKWD
SKWD
Revenue
$327.6M
$385.6M
Net Profit
$69.9M
$43.2M
Gross Margin
90.5%
Operating Margin
14.2%
Net Margin
21.4%
11.2%
Revenue YoY
-4.3%
26.7%
Net Profit YoY
-31.1%
200.1%
EPS (diluted)
$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
NMM
NMM
SKWD
SKWD
Q4 25
$385.6M
Q3 25
$382.5M
Q2 25
$327.6M
$319.9M
Q1 25
$328.5M
Q4 24
$304.4M
Q3 24
$300.9M
Q2 24
$342.2M
$279.9M
Q1 24
$265.0M
Net Profit
NMM
NMM
SKWD
SKWD
Q4 25
$43.2M
Q3 25
$45.9M
Q2 25
$69.9M
$38.8M
Q1 25
$42.1M
Q4 24
$14.4M
Q3 24
$36.7M
Q2 24
$101.5M
$31.0M
Q1 24
$36.8M
Gross Margin
NMM
NMM
SKWD
SKWD
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Q1 24
Operating Margin
NMM
NMM
SKWD
SKWD
Q4 25
14.2%
Q3 25
15.8%
Q2 25
15.6%
Q1 25
15.7%
Q4 24
6.1%
Q3 24
15.6%
Q2 24
14.4%
Q1 24
17.7%
Net Margin
NMM
NMM
SKWD
SKWD
Q4 25
11.2%
Q3 25
12.0%
Q2 25
21.4%
12.1%
Q1 25
12.8%
Q4 24
4.7%
Q3 24
12.2%
Q2 24
29.7%
11.1%
Q1 24
13.9%
EPS (diluted)
NMM
NMM
SKWD
SKWD
Q4 25
$1.03
Q3 25
$1.10
Q2 25
$0.93
Q1 25
$1.01
Q4 24
$0.33
Q3 24
$0.89
Q2 24
$0.75
Q1 24
$0.90

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
SKWD
SKWD
Cash + ST InvestmentsLiquidity on hand
$377.0M
$168.5M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$1.0B
Total Assets
$5.9B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
SKWD
SKWD
Q4 25
$168.5M
Q3 25
$160.1M
Q2 25
$377.0M
$136.6M
Q1 25
$112.9M
Q4 24
$121.6M
Q3 24
$105.6M
Q2 24
$272.0M
$73.0M
Q1 24
$85.1M
Total Debt
NMM
NMM
SKWD
SKWD
Q4 25
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
NMM
NMM
SKWD
SKWD
Q4 25
$1.0B
Q3 25
$961.4M
Q2 25
$899.9M
Q1 25
$850.7M
Q4 24
$794.0M
Q3 24
$797.5M
Q2 24
$723.6M
Q1 24
$692.3M
Total Assets
NMM
NMM
SKWD
SKWD
Q4 25
$4.8B
Q3 25
$4.6B
Q2 25
$5.9B
$4.3B
Q1 25
$4.0B
Q4 24
$3.7B
Q3 24
$3.6B
Q2 24
$5.3B
$3.4B
Q1 24
$3.2B

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
SKWD
SKWD
Q4 25
$408.1M
Q3 25
$171.4M
Q2 25
$88.2M
Q1 25
$96.8M
Q4 24
$305.1M
Q3 24
$168.0M
Q2 24
$21.0M
Q1 24
$94.3M
Free Cash Flow
NMM
NMM
SKWD
SKWD
Q4 25
$402.6M
Q3 25
$168.9M
Q2 25
$87.1M
Q1 25
$96.6M
Q4 24
$300.9M
Q3 24
$167.6M
Q2 24
$18.4M
Q1 24
$94.0M
FCF Margin
NMM
NMM
SKWD
SKWD
Q4 25
104.4%
Q3 25
44.2%
Q2 25
27.2%
Q1 25
29.4%
Q4 24
98.8%
Q3 24
55.7%
Q2 24
6.6%
Q1 24
35.5%
Capex Intensity
NMM
NMM
SKWD
SKWD
Q4 25
1.4%
Q3 25
0.6%
Q2 25
0.3%
Q1 25
0.1%
Q4 24
1.4%
Q3 24
0.1%
Q2 24
0.9%
Q1 24
0.1%
Cash Conversion
NMM
NMM
SKWD
SKWD
Q4 25
9.44×
Q3 25
3.73×
Q2 25
2.27×
Q1 25
2.30×
Q4 24
21.18×
Q3 24
4.58×
Q2 24
0.68×
Q1 24
2.56×

Financial Flow Comparison

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

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