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Side-by-side financial comparison of Ralliant Corp (RAL) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Ralliant Corp is the larger business by last-quarter revenue ($529.1M vs $385.6M, roughly 1.4× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 7.5%, a 3.7% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -0.5%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $126.6M).
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.
RAL vs SKWD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $529.1M | $385.6M |
| Net Profit | $39.9M | $43.2M |
| Gross Margin | 50.8% | — |
| Operating Margin | 9.8% | 14.2% |
| Net Margin | 7.5% | 11.2% |
| Revenue YoY | -0.5% | 26.7% |
| Net Profit YoY | -56.1% | 200.1% |
| EPS (diluted) | $0.35 | $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 | — | $385.6M | ||
| Q3 25 | $529.1M | $382.5M | ||
| Q2 25 | $503.3M | $319.9M | ||
| Q1 25 | — | $328.5M | ||
| Q4 24 | — | $304.4M | ||
| Q3 24 | $531.7M | $300.9M | ||
| Q2 24 | $533.7M | $279.9M | ||
| Q1 24 | — | $265.0M |
| Q4 25 | — | $43.2M | ||
| Q3 25 | $39.9M | $45.9M | ||
| Q2 25 | $47.6M | $38.8M | ||
| Q1 25 | — | $42.1M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | $90.9M | $36.7M | ||
| Q2 24 | $64.8M | $31.0M | ||
| Q1 24 | — | $36.8M |
| Q4 25 | — | — | ||
| Q3 25 | 50.8% | — | ||
| Q2 25 | 49.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 52.6% | — | ||
| Q2 24 | 51.5% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 14.2% | ||
| Q3 25 | 9.8% | 15.8% | ||
| Q2 25 | 11.7% | 15.6% | ||
| Q1 25 | — | 15.7% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | 20.9% | 15.6% | ||
| Q2 24 | 19.7% | 14.4% | ||
| Q1 24 | — | 17.7% |
| Q4 25 | — | 11.2% | ||
| Q3 25 | 7.5% | 12.0% | ||
| Q2 25 | 9.5% | 12.1% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 17.1% | 12.2% | ||
| Q2 24 | 12.1% | 11.1% | ||
| Q1 24 | — | 13.9% |
| Q4 25 | — | $1.03 | ||
| Q3 25 | $0.35 | $1.10 | ||
| Q2 25 | $0.42 | $0.93 | ||
| Q1 25 | — | $1.01 | ||
| Q4 24 | — | $0.33 | ||
| Q3 24 | $0.81 | $0.89 | ||
| Q2 24 | $0.57 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $264.2M | $168.5M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $3.0B | $1.0B |
| Total Assets | $5.3B | $4.8B |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $168.5M | ||
| Q3 25 | $264.2M | $160.1M | ||
| Q2 25 | $198.6M | $136.6M | ||
| Q1 25 | — | $112.9M | ||
| Q4 24 | — | $121.6M | ||
| Q3 24 | — | $105.6M | ||
| Q2 24 | — | $73.0M | ||
| Q1 24 | — | $85.1M |
| Q4 25 | — | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $3.0B | $961.4M | ||
| Q2 25 | $3.0B | $899.9M | ||
| Q1 25 | — | $850.7M | ||
| Q4 24 | — | $794.0M | ||
| Q3 24 | $4.0B | $797.5M | ||
| Q2 24 | $4.0B | $723.6M | ||
| Q1 24 | — | $692.3M |
| Q4 25 | — | $4.8B | ||
| Q3 25 | $5.3B | $4.6B | ||
| Q2 25 | $5.2B | $4.3B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.2B |
| Q4 25 | — | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $138.6M | $408.1M |
| Free Cash FlowOCF − Capex | $126.6M | $402.6M |
| FCF MarginFCF / Revenue | 23.9% | 104.4% |
| Capex IntensityCapex / Revenue | 2.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.47× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $408.1M | ||
| Q3 25 | $138.6M | $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 |
| Q4 25 | — | $402.6M | ||
| Q3 25 | $126.6M | $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 |
| Q4 25 | — | 104.4% | ||
| Q3 25 | 23.9% | 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% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 2.3% | 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% |
| Q4 25 | — | 9.44× | ||
| Q3 25 | 3.47× | 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
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
SKWD
Segment breakdown not available.
