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Side-by-side financial comparison of REV Group, Inc. (REVG) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
REV Group, Inc. is the larger business by last-quarter revenue ($664.4M vs $385.6M, roughly 1.7× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 4.3%, a 6.9% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 11.1%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $53.7M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 6.5%).
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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.
REVG vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $664.4M | $385.6M |
| Net Profit | $28.9M | $43.2M |
| Gross Margin | 15.4% | — |
| Operating Margin | 7.1% | 14.2% |
| Net Margin | 4.3% | 11.2% |
| Revenue YoY | 11.1% | 26.7% |
| Net Profit YoY | -30.7% | 200.1% |
| EPS (diluted) | $0.57 | $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 | $664.4M | $385.6M | ||
| Q3 25 | $644.9M | $382.5M | ||
| Q2 25 | $629.1M | $319.9M | ||
| Q1 25 | $525.1M | $328.5M | ||
| Q4 24 | $597.9M | $304.4M | ||
| Q3 24 | $579.4M | $300.9M | ||
| Q2 24 | $616.9M | $279.9M | ||
| Q1 24 | $586.0M | $265.0M |
| Q4 25 | $28.9M | $43.2M | ||
| Q3 25 | $29.1M | $45.9M | ||
| Q2 25 | $19.0M | $38.8M | ||
| Q1 25 | $18.2M | $42.1M | ||
| Q4 24 | $41.7M | $14.4M | ||
| Q3 24 | $18.0M | $36.7M | ||
| Q2 24 | $15.2M | $31.0M | ||
| Q1 24 | $182.7M | $36.8M |
| Q4 25 | 15.4% | — | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 13.5% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | 10.7% | — |
| Q4 25 | 7.1% | 14.2% | ||
| Q3 25 | 8.8% | 15.8% | ||
| Q2 25 | 7.9% | 15.6% | ||
| Q1 25 | 5.3% | 15.7% | ||
| Q4 24 | 5.8% | 6.1% | ||
| Q3 24 | 4.9% | 15.6% | ||
| Q2 24 | 3.7% | 14.4% | ||
| Q1 24 | -1.1% | 17.7% |
| Q4 25 | 4.3% | 11.2% | ||
| Q3 25 | 4.5% | 12.0% | ||
| Q2 25 | 3.0% | 12.1% | ||
| Q1 25 | 3.5% | 12.8% | ||
| Q4 24 | 7.0% | 4.7% | ||
| Q3 24 | 3.1% | 12.2% | ||
| Q2 24 | 2.5% | 11.1% | ||
| Q1 24 | 31.2% | 13.9% |
| Q4 25 | $0.57 | $1.03 | ||
| Q3 25 | $0.59 | $1.10 | ||
| Q2 25 | $0.38 | $0.93 | ||
| Q1 25 | $0.35 | $1.01 | ||
| Q4 24 | $1.03 | $0.33 | ||
| Q3 24 | $0.35 | $0.89 | ||
| Q2 24 | $0.28 | $0.75 | ||
| Q1 24 | $3.06 | $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 | $34.7M | $168.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $416.3M | $1.0B |
| Total Assets | $1.2B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | $168.5M | ||
| Q3 25 | $36.0M | $160.1M | ||
| Q2 25 | $28.8M | $136.6M | ||
| Q1 25 | $31.6M | $112.9M | ||
| Q4 24 | $24.6M | $121.6M | ||
| Q3 24 | $50.5M | $105.6M | ||
| Q2 24 | $38.2M | $73.0M | ||
| Q1 24 | $87.9M | $85.1M |
| Q4 25 | $416.3M | $1.0B | ||
| Q3 25 | $387.3M | $961.4M | ||
| Q2 25 | $357.8M | $899.9M | ||
| Q1 25 | $428.8M | $850.7M | ||
| Q4 24 | $435.1M | $794.0M | ||
| Q3 24 | $394.6M | $797.5M | ||
| Q2 24 | $379.7M | $723.6M | ||
| Q1 24 | $496.1M | $692.3M |
| Q4 25 | $1.2B | $4.8B | ||
| Q3 25 | $1.2B | $4.6B | ||
| Q2 25 | $1.2B | $4.3B | ||
| Q1 25 | $1.2B | $4.0B | ||
| Q4 24 | $1.2B | $3.7B | ||
| Q3 24 | $1.3B | $3.6B | ||
| Q2 24 | $1.3B | $3.4B | ||
| Q1 24 | $1.4B | $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 | $76.9M | $408.1M |
| Free Cash FlowOCF − Capex | $53.7M | $402.6M |
| FCF MarginFCF / Revenue | 8.1% | 104.4% |
| Capex IntensityCapex / Revenue | 3.5% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.66× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $190.0M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.9M | $408.1M | ||
| Q3 25 | $60.3M | $171.4M | ||
| Q2 25 | $117.0M | $88.2M | ||
| Q1 25 | $-13.1M | $96.8M | ||
| Q4 24 | $68.6M | $305.1M | ||
| Q3 24 | $14.4M | $168.0M | ||
| Q2 24 | $40.1M | $21.0M | ||
| Q1 24 | $-69.7M | $94.3M |
| Q4 25 | $53.7M | $402.6M | ||
| Q3 25 | $48.7M | $168.9M | ||
| Q2 25 | $105.6M | $87.1M | ||
| Q1 25 | $-18.0M | $96.6M | ||
| Q4 24 | $63.3M | $300.9M | ||
| Q3 24 | $8.5M | $167.6M | ||
| Q2 24 | $34.2M | $18.4M | ||
| Q1 24 | $-80.2M | $94.0M |
| Q4 25 | 8.1% | 104.4% | ||
| Q3 25 | 7.6% | 44.2% | ||
| Q2 25 | 16.8% | 27.2% | ||
| Q1 25 | -3.4% | 29.4% | ||
| Q4 24 | 10.6% | 98.8% | ||
| Q3 24 | 1.5% | 55.7% | ||
| Q2 24 | 5.5% | 6.6% | ||
| Q1 24 | -13.7% | 35.5% |
| Q4 25 | 3.5% | 1.4% | ||
| Q3 25 | 1.8% | 0.6% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 0.9% | 0.1% | ||
| Q4 24 | 0.9% | 1.4% | ||
| Q3 24 | 1.0% | 0.1% | ||
| Q2 24 | 1.0% | 0.9% | ||
| Q1 24 | 1.8% | 0.1% |
| Q4 25 | 2.66× | 9.44× | ||
| Q3 25 | 2.07× | 3.73× | ||
| Q2 25 | 6.16× | 2.27× | ||
| Q1 25 | -0.72× | 2.30× | ||
| Q4 24 | 1.65× | 21.18× | ||
| Q3 24 | 0.80× | 4.58× | ||
| Q2 24 | 2.64× | 0.68× | ||
| Q1 24 | -0.38× | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
REVG
| Specialty Vehicles | $507.4M | 76% |
| Recreational Vehicles | $157.2M | 24% |
SKWD
Segment breakdown not available.
