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Side-by-side financial comparison of Playtika Holding Corp. (PLTK) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.

Playtika Holding Corp. is the larger business by last-quarter revenue ($678.8M vs $385.6M, roughly 1.8× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs -45.6%, a 56.8% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 4.4%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $275.2M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 2.1%).

Playtika Holding Corp. is an Israeli digital entertainment company specializing in the development and publication of mobile games. In 2021, Playtika had over 35 million monthly active users.

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.

PLTK vs SKWD — Head-to-Head

Bigger by revenue
PLTK
PLTK
1.8× larger
PLTK
$678.8M
$385.6M
SKWD
Growing faster (revenue YoY)
SKWD
SKWD
+22.3% gap
SKWD
26.7%
4.4%
PLTK
Higher net margin
SKWD
SKWD
56.8% more per $
SKWD
11.2%
-45.6%
PLTK
More free cash flow
SKWD
SKWD
$127.4M more FCF
SKWD
$402.6M
$275.2M
PLTK
Faster 2-yr revenue CAGR
SKWD
SKWD
Annualised
SKWD
20.6%
2.1%
PLTK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PLTK
PLTK
SKWD
SKWD
Revenue
$678.8M
$385.6M
Net Profit
$-309.3M
$43.2M
Gross Margin
72.5%
Operating Margin
-41.4%
14.2%
Net Margin
-45.6%
11.2%
Revenue YoY
4.4%
26.7%
Net Profit YoY
-1752.1%
200.1%
EPS (diluted)
$-0.83
$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
PLTK
PLTK
SKWD
SKWD
Q4 25
$678.8M
$385.6M
Q3 25
$674.6M
$382.5M
Q2 25
$696.0M
$319.9M
Q1 25
$706.0M
$328.5M
Q4 24
$650.3M
$304.4M
Q3 24
$620.8M
$300.9M
Q2 24
$627.0M
$279.9M
Q1 24
$651.2M
$265.0M
Net Profit
PLTK
PLTK
SKWD
SKWD
Q4 25
$-309.3M
$43.2M
Q3 25
$39.1M
$45.9M
Q2 25
$33.2M
$38.8M
Q1 25
$30.6M
$42.1M
Q4 24
$-16.7M
$14.4M
Q3 24
$39.3M
$36.7M
Q2 24
$86.6M
$31.0M
Q1 24
$53.0M
$36.8M
Gross Margin
PLTK
PLTK
SKWD
SKWD
Q4 25
72.5%
Q3 25
73.6%
Q2 25
71.9%
Q1 25
72.0%
Q4 24
72.5%
Q3 24
72.9%
Q2 24
73.2%
Q1 24
72.8%
Operating Margin
PLTK
PLTK
SKWD
SKWD
Q4 25
-41.4%
14.2%
Q3 25
14.6%
15.8%
Q2 25
15.8%
15.6%
Q1 25
9.6%
15.7%
Q4 24
8.5%
6.1%
Q3 24
15.7%
15.6%
Q2 24
22.4%
14.4%
Q1 24
15.1%
17.7%
Net Margin
PLTK
PLTK
SKWD
SKWD
Q4 25
-45.6%
11.2%
Q3 25
5.8%
12.0%
Q2 25
4.8%
12.1%
Q1 25
4.3%
12.8%
Q4 24
-2.6%
4.7%
Q3 24
6.3%
12.2%
Q2 24
13.8%
11.1%
Q1 24
8.1%
13.9%
EPS (diluted)
PLTK
PLTK
SKWD
SKWD
Q4 25
$-0.83
$1.03
Q3 25
$0.11
$1.10
Q2 25
$0.09
$0.93
Q1 25
$0.08
$1.01
Q4 24
$-0.04
$0.33
Q3 24
$0.11
$0.89
Q2 24
$0.23
$0.75
Q1 24
$0.14
$0.90

Balance Sheet & Financial Strength

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

Metric
PLTK
PLTK
SKWD
SKWD
Cash + ST InvestmentsLiquidity on hand
$684.2M
$168.5M
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$-411.4M
$1.0B
Total Assets
$3.7B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLTK
PLTK
SKWD
SKWD
Q4 25
$684.2M
$168.5M
Q3 25
$587.9M
$160.1M
Q2 25
$500.9M
$136.6M
Q1 25
$434.8M
$112.9M
Q4 24
$565.8M
$121.6M
Q3 24
$1.1B
$105.6M
Q2 24
$710.3M
$73.0M
Q1 24
$1.0B
$85.1M
Total Debt
PLTK
PLTK
SKWD
SKWD
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Stockholders' Equity
PLTK
PLTK
SKWD
SKWD
Q4 25
$-411.4M
$1.0B
Q3 25
$-74.8M
$961.4M
Q2 25
$-87.8M
$899.9M
Q1 25
$-117.2M
$850.7M
Q4 24
$-131.1M
$794.0M
Q3 24
$-98.0M
$797.5M
Q2 24
$-112.9M
$723.6M
Q1 24
$-180.4M
$692.3M
Total Assets
PLTK
PLTK
SKWD
SKWD
Q4 25
$3.7B
$4.8B
Q3 25
$3.7B
$4.6B
Q2 25
$3.6B
$4.3B
Q1 25
$3.6B
$4.0B
Q4 24
$3.6B
$3.7B
Q3 24
$3.2B
$3.6B
Q2 24
$3.2B
$3.4B
Q1 24
$3.1B
$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
PLTK
PLTK
SKWD
SKWD
Operating Cash FlowLast quarter
$285.9M
$408.1M
Free Cash FlowOCF − Capex
$275.2M
$402.6M
FCF MarginFCF / Revenue
40.5%
104.4%
Capex IntensityCapex / Revenue
1.6%
1.4%
Cash ConversionOCF / Net Profit
9.44×
TTM Free Cash FlowTrailing 4 quarters
$531.4M
$755.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLTK
PLTK
SKWD
SKWD
Q4 25
$285.9M
$408.1M
Q3 25
$116.9M
$171.4M
Q2 25
$146.1M
$88.2M
Q1 25
$18.8M
$96.8M
Q4 24
$153.1M
$305.1M
Q3 24
$156.9M
$168.0M
Q2 24
$150.5M
$21.0M
Q1 24
$29.6M
$94.3M
Free Cash Flow
PLTK
PLTK
SKWD
SKWD
Q4 25
$275.2M
$402.6M
Q3 25
$106.5M
$168.9M
Q2 25
$141.3M
$87.1M
Q1 25
$8.4M
$96.6M
Q4 24
$140.3M
$300.9M
Q3 24
$152.1M
$167.6M
Q2 24
$141.2M
$18.4M
Q1 24
$15.6M
$94.0M
FCF Margin
PLTK
PLTK
SKWD
SKWD
Q4 25
40.5%
104.4%
Q3 25
15.8%
44.2%
Q2 25
20.3%
27.2%
Q1 25
1.2%
29.4%
Q4 24
21.6%
98.8%
Q3 24
24.5%
55.7%
Q2 24
22.5%
6.6%
Q1 24
2.4%
35.5%
Capex Intensity
PLTK
PLTK
SKWD
SKWD
Q4 25
1.6%
1.4%
Q3 25
1.5%
0.6%
Q2 25
0.7%
0.3%
Q1 25
1.5%
0.1%
Q4 24
2.0%
1.4%
Q3 24
0.8%
0.1%
Q2 24
1.5%
0.9%
Q1 24
2.1%
0.1%
Cash Conversion
PLTK
PLTK
SKWD
SKWD
Q4 25
9.44×
Q3 25
2.99×
3.73×
Q2 25
4.40×
2.27×
Q1 25
0.61×
2.30×
Q4 24
21.18×
Q3 24
3.99×
4.58×
Q2 24
1.74×
0.68×
Q1 24
0.56×
2.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PLTK
PLTK

Third Party Platform$428.7M63%
Other$158.8M23%
Asia Pacific$52.7M8%
Other Geographic Location$38.6M6%

SKWD
SKWD

Segment breakdown not available.

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