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Side-by-side financial comparison of Palomar Holdings, Inc. (PLMR) and WORKIVA INC (WK). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $238.9M, roughly 1.1× WORKIVA INC). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 19.5%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $50.7M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 16.6%).
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
PLMR vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $253.4M | $238.9M |
| Net Profit | — | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 28.7% | 3.3% |
| Net Margin | — | 4.9% |
| Revenue YoY | 62.7% | 19.5% |
| Net Profit YoY | — | 234.0% |
| EPS (diluted) | $2.05 | $0.21 |
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 | $253.4M | $238.9M | ||
| Q3 25 | $244.7M | $224.2M | ||
| Q2 25 | $203.3M | $215.2M | ||
| Q1 25 | $174.6M | $206.3M | ||
| Q4 24 | $155.8M | $199.9M | ||
| Q3 24 | $148.5M | $185.6M | ||
| Q2 24 | $131.1M | $177.5M | ||
| Q1 24 | $118.5M | $175.7M |
| Q4 25 | — | $11.8M | ||
| Q3 25 | $51.5M | $2.8M | ||
| Q2 25 | $46.5M | $-19.4M | ||
| Q1 25 | $42.9M | $-21.4M | ||
| Q4 24 | — | $-8.8M | ||
| Q3 24 | $30.5M | $-17.0M | ||
| Q2 24 | $25.7M | $-17.5M | ||
| Q1 24 | $26.4M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | 28.7% | 3.3% | ||
| Q3 25 | 27.4% | -1.5% | ||
| Q2 25 | 29.5% | -10.3% | ||
| Q1 25 | 30.8% | -12.0% | ||
| Q4 24 | 28.9% | -6.7% | ||
| Q3 24 | 25.9% | -11.7% | ||
| Q2 24 | 25.5% | -13.0% | ||
| Q1 24 | 29.0% | -10.4% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 21.0% | 1.2% | ||
| Q2 25 | 22.9% | -9.0% | ||
| Q1 25 | 24.6% | -10.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | 20.5% | -9.2% | ||
| Q2 24 | 19.6% | -9.9% | ||
| Q1 24 | 22.3% | -6.7% |
| Q4 25 | $2.05 | $0.21 | ||
| Q3 25 | $1.87 | $0.05 | ||
| Q2 25 | $1.68 | $-0.35 | ||
| Q1 25 | $1.57 | $-0.38 | ||
| Q4 24 | $1.29 | $-0.15 | ||
| Q3 24 | $1.15 | $-0.31 | ||
| Q2 24 | $1.00 | $-0.32 | ||
| Q1 24 | $1.04 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $106.9M | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $942.7M | $-5.4M |
| Total Assets | $3.1B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.9M | $338.8M | ||
| Q3 25 | $111.7M | $315.9M | ||
| Q2 25 | $81.3M | $284.3M | ||
| Q1 25 | $119.3M | $242.0M | ||
| Q4 24 | $80.4M | $301.8M | ||
| Q3 24 | $86.5M | $248.2M | ||
| Q2 24 | $47.8M | $267.9M | ||
| Q1 24 | $61.4M | $296.1M |
| Q4 25 | $942.7M | $-5.4M | ||
| Q3 25 | $878.1M | $-36.9M | ||
| Q2 25 | $847.2M | $-66.5M | ||
| Q1 25 | $790.4M | $-75.7M | ||
| Q4 24 | $729.0M | $-41.7M | ||
| Q3 24 | $703.3M | $-50.8M | ||
| Q2 24 | $532.6M | $-77.7M | ||
| Q1 24 | $501.7M | $-83.2M |
| Q4 25 | $3.1B | $1.5B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.8B | $1.3B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.3B | $1.4B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
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 | $409.1M | $51.0M |
| Free Cash FlowOCF − Capex | $409.0M | $50.7M |
| FCF MarginFCF / Revenue | 161.4% | 21.2% |
| Capex IntensityCapex / Revenue | 0.1% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $700.6M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $409.1M | $51.0M | ||
| Q3 25 | $83.6M | $46.2M | ||
| Q2 25 | $120.9M | $50.3M | ||
| Q1 25 | $87.2M | $-7.4M | ||
| Q4 24 | $261.2M | $44.0M | ||
| Q3 24 | $100.3M | $18.9M | ||
| Q2 24 | $55.1M | $-14.0K | ||
| Q1 24 | $33.1M | $24.8M |
| Q4 25 | $409.0M | $50.7M | ||
| Q3 25 | $83.6M | $46.1M | ||
| Q2 25 | $120.8M | $49.3M | ||
| Q1 25 | $87.1M | $-8.1M | ||
| Q4 24 | $260.9M | $43.2M | ||
| Q3 24 | $100.1M | $18.7M | ||
| Q2 24 | — | $-122.0K | ||
| Q1 24 | — | $24.6M |
| Q4 25 | 161.4% | 21.2% | ||
| Q3 25 | 34.2% | 20.5% | ||
| Q2 25 | 59.4% | 22.9% | ||
| Q1 25 | 49.9% | -3.9% | ||
| Q4 24 | 167.5% | 21.6% | ||
| Q3 24 | 67.4% | 10.1% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | — | 14.0% |
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.0% | 0.5% | ||
| Q1 25 | 0.0% | 0.4% | ||
| Q4 24 | 0.2% | 0.4% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.0% | 0.1% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | — | 4.31× | ||
| Q3 25 | 1.63× | 16.57× | ||
| Q2 25 | 2.60× | — | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.29× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 1.26× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLMR
Segment breakdown not available.
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
