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Side-by-side financial comparison of PROCORE TECHNOLOGIES, INC. (PCOR) 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 $349.1M, roughly 1.1× PROCORE TECHNOLOGIES, INC.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs -10.8%, a 22.0% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 15.6%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $109.2M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 13.8%).
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
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.
PCOR vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $349.1M | $385.6M |
| Net Profit | $-37.6M | $43.2M |
| Gross Margin | 80.1% | — |
| Operating Margin | -12.3% | 14.2% |
| Net Margin | -10.8% | 11.2% |
| Revenue YoY | 15.6% | 26.7% |
| Net Profit YoY | 39.6% | 200.1% |
| EPS (diluted) | $-0.25 | $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.
| Q4 25 | $349.1M | $385.6M | ||
| Q3 25 | $338.9M | $382.5M | ||
| Q2 25 | $323.9M | $319.9M | ||
| Q1 25 | $310.6M | $328.5M | ||
| Q4 24 | $302.0M | $304.4M | ||
| Q3 24 | $295.9M | $300.9M | ||
| Q2 24 | $284.3M | $279.9M | ||
| Q1 24 | $269.4M | $265.0M |
| Q4 25 | $-37.6M | $43.2M | ||
| Q3 25 | $-9.1M | $45.9M | ||
| Q2 25 | $-21.1M | $38.8M | ||
| Q1 25 | $-33.0M | $42.1M | ||
| Q4 24 | $-62.3M | $14.4M | ||
| Q3 24 | $-26.4M | $36.7M | ||
| Q2 24 | $-6.3M | $31.0M | ||
| Q1 24 | $-11.0M | $36.8M |
| Q4 25 | 80.1% | — | ||
| Q3 25 | 79.7% | — | ||
| Q2 25 | 79.1% | — | ||
| Q1 25 | 79.1% | — | ||
| Q4 24 | 81.2% | — | ||
| Q3 24 | 81.4% | — | ||
| Q2 24 | 83.1% | — | ||
| Q1 24 | 83.0% | — |
| Q4 25 | -12.3% | 14.2% | ||
| Q3 25 | -4.4% | 15.8% | ||
| Q2 25 | -9.3% | 15.6% | ||
| Q1 25 | -11.7% | 15.7% | ||
| Q4 24 | -21.9% | 6.1% | ||
| Q3 24 | -12.3% | 15.6% | ||
| Q2 24 | -5.2% | 14.4% | ||
| Q1 24 | -7.0% | 17.7% |
| Q4 25 | -10.8% | 11.2% | ||
| Q3 25 | -2.7% | 12.0% | ||
| Q2 25 | -6.5% | 12.1% | ||
| Q1 25 | -10.6% | 12.8% | ||
| Q4 24 | -20.6% | 4.7% | ||
| Q3 24 | -8.9% | 12.2% | ||
| Q2 24 | -2.2% | 11.1% | ||
| Q1 24 | -4.1% | 13.9% |
| Q4 25 | $-0.25 | $1.03 | ||
| Q3 25 | $-0.06 | $1.10 | ||
| Q2 25 | $-0.14 | $0.93 | ||
| Q1 25 | $-0.22 | $1.01 | ||
| Q4 24 | $-0.42 | $0.33 | ||
| Q3 24 | $-0.18 | $0.89 | ||
| Q2 24 | $-0.04 | $0.75 | ||
| Q1 24 | $-0.08 | $0.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $768.5M | $168.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $1.0B |
| Total Assets | $2.2B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $768.5M | $168.5M | ||
| Q3 25 | $684.0M | $160.1M | ||
| Q2 25 | $620.9M | $136.6M | ||
| Q1 25 | $566.7M | $112.9M | ||
| Q4 24 | $775.4M | $121.6M | ||
| Q3 24 | $756.9M | $105.6M | ||
| Q2 24 | $735.4M | $73.0M | ||
| Q1 24 | $744.6M | $85.1M |
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.2B | $961.4M | ||
| Q2 25 | $1.2B | $899.9M | ||
| Q1 25 | $1.2B | $850.7M | ||
| Q4 24 | $1.3B | $794.0M | ||
| Q3 24 | $1.3B | $797.5M | ||
| Q2 24 | $1.3B | $723.6M | ||
| Q1 24 | $1.2B | $692.3M |
| Q4 25 | $2.2B | $4.8B | ||
| Q3 25 | $2.1B | $4.6B | ||
| Q2 25 | $2.0B | $4.3B | ||
| Q1 25 | $1.9B | $4.0B | ||
| Q4 24 | $2.1B | $3.7B | ||
| Q3 24 | $2.0B | $3.6B | ||
| Q2 24 | $2.0B | $3.4B | ||
| Q1 24 | $1.9B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $114.9M | $408.1M |
| Free Cash FlowOCF − Capex | $109.2M | $402.6M |
| FCF MarginFCF / Revenue | 31.3% | 104.4% |
| Capex IntensityCapex / Revenue | 1.6% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $282.2M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.9M | $408.1M | ||
| Q3 25 | $88.5M | $171.4M | ||
| Q2 25 | $30.8M | $88.2M | ||
| Q1 25 | $66.0M | $96.8M | ||
| Q4 24 | $29.1M | $305.1M | ||
| Q3 24 | $39.3M | $168.0M | ||
| Q2 24 | $58.7M | $21.0M | ||
| Q1 24 | $69.1M | $94.3M |
| Q4 25 | $109.2M | $402.6M | ||
| Q3 25 | $83.1M | $168.9M | ||
| Q2 25 | $27.9M | $87.1M | ||
| Q1 25 | $62.0M | $96.6M | ||
| Q4 24 | $17.4M | $300.9M | ||
| Q3 24 | $35.7M | $167.6M | ||
| Q2 24 | $56.8M | $18.4M | ||
| Q1 24 | $67.1M | $94.0M |
| Q4 25 | 31.3% | 104.4% | ||
| Q3 25 | 24.5% | 44.2% | ||
| Q2 25 | 8.6% | 27.2% | ||
| Q1 25 | 20.0% | 29.4% | ||
| Q4 24 | 5.8% | 98.8% | ||
| Q3 24 | 12.1% | 55.7% | ||
| Q2 24 | 20.0% | 6.6% | ||
| Q1 24 | 24.9% | 35.5% |
| Q4 25 | 1.6% | 1.4% | ||
| Q3 25 | 1.6% | 0.6% | ||
| Q2 25 | 0.9% | 0.3% | ||
| Q1 25 | 1.3% | 0.1% | ||
| Q4 24 | 3.9% | 1.4% | ||
| Q3 24 | 1.2% | 0.1% | ||
| Q2 24 | 0.7% | 0.9% | ||
| Q1 24 | 0.8% | 0.1% |
| 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.
Revenue Breakdown by Segment
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
SKWD
Segment breakdown not available.
