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Side-by-side financial comparison of RLI CORP (RLI) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
RLI CORP is the larger business by last-quarter revenue ($465.7M vs $260.4M, roughly 1.8× Smith Douglas Homes Corp.). RLI CORP runs the higher net margin — 19.6% vs 1.4%, a 18.2% gap on every dollar of revenue. On growth, RLI CORP posted the faster year-over-year revenue change (6.1% vs -9.4%). RLI CORP produced more free cash flow last quarter ($155.0M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 2.3%).
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
RLI vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $465.7M | $260.4M |
| Net Profit | $91.2M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 24.4% | 6.5% |
| Net Margin | 19.6% | 1.4% |
| Revenue YoY | 6.1% | -9.4% |
| Net Profit YoY | 123.1% | -14.3% |
| EPS (diluted) | $1.00 | $0.39 |
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 | $465.7M | $260.4M | ||
| Q3 25 | $509.3M | $262.0M | ||
| Q2 25 | $499.8M | $223.9M | ||
| Q1 25 | $407.7M | $224.7M | ||
| Q4 24 | $439.1M | $287.5M | ||
| Q3 24 | $470.0M | $277.8M | ||
| Q2 24 | $416.4M | $220.9M | ||
| Q1 24 | $444.8M | $189.2M |
| Q4 25 | $91.2M | $3.5M | ||
| Q3 25 | $124.6M | $2.1M | ||
| Q2 25 | $124.3M | $2.4M | ||
| Q1 25 | $63.2M | $2.7M | ||
| Q4 24 | $40.9M | $4.1M | ||
| Q3 24 | $95.0M | $5.3M | ||
| Q2 24 | $82.0M | $3.6M | ||
| Q1 24 | $127.9M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 24.4% | 6.5% | ||
| Q3 25 | 30.9% | 6.6% | ||
| Q2 25 | 31.3% | 7.7% | ||
| Q1 25 | 19.3% | 8.7% | ||
| Q4 24 | 10.8% | 10.4% | ||
| Q3 24 | 24.9% | 14.2% | ||
| Q2 24 | 24.8% | 11.7% | ||
| Q1 24 | 36.0% | 11.3% |
| Q4 25 | 19.6% | 1.4% | ||
| Q3 25 | 24.5% | 0.8% | ||
| Q2 25 | 24.9% | 1.1% | ||
| Q1 25 | 15.5% | 1.2% | ||
| Q4 24 | 9.3% | 1.4% | ||
| Q3 24 | 20.2% | 1.9% | ||
| Q2 24 | 19.7% | 1.7% | ||
| Q1 24 | 28.8% | 1.6% |
| Q4 25 | $1.00 | $0.39 | ||
| Q3 25 | $1.35 | $0.24 | ||
| Q2 25 | $1.34 | $0.26 | ||
| Q1 25 | $0.68 | $0.30 | ||
| Q4 24 | $-2.87 | $0.50 | ||
| Q3 24 | $2.06 | $0.58 | ||
| Q2 24 | $1.78 | $0.40 | ||
| Q1 24 | $2.77 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $86.7M |
| Total Assets | $6.2B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.7M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $16.8M | ||
| Q1 25 | — | $12.7M | ||
| Q4 24 | — | $22.4M | ||
| Q3 24 | — | $23.7M | ||
| Q2 24 | — | $17.3M | ||
| Q1 24 | — | $32.8M |
| Q4 25 | — | — | ||
| Q3 25 | $100.0M | — | ||
| Q2 25 | $100.0M | — | ||
| Q1 25 | $100.0M | — | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $100.0M | — | ||
| Q2 24 | $100.0M | — | ||
| Q1 24 | $100.0M | — |
| Q4 25 | $1.8B | $86.7M | ||
| Q3 25 | $1.9B | $82.2M | ||
| Q2 25 | $1.7B | $80.0M | ||
| Q1 25 | $1.6B | $76.9M | ||
| Q4 24 | $1.5B | $73.6M | ||
| Q3 24 | $1.7B | $68.4M | ||
| Q2 24 | $1.6B | $62.1M | ||
| Q1 24 | $1.5B | $59.7M |
| Q4 25 | $6.2B | $557.6M | ||
| Q3 25 | $6.2B | $571.6M | ||
| Q2 25 | $6.0B | $570.2M | ||
| Q1 25 | $5.7B | $513.9M | ||
| Q4 24 | $5.6B | $475.9M | ||
| Q3 24 | $5.8B | $460.1M | ||
| Q2 24 | $5.5B | $429.3M | ||
| Q1 24 | $5.3B | $401.3M |
| Q4 25 | — | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.07× | — |
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 | $156.8M | $9.8M |
| Free Cash FlowOCF − Capex | $155.0M | $8.7M |
| FCF MarginFCF / Revenue | 33.3% | 3.4% |
| Capex IntensityCapex / Revenue | 0.4% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.72× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $608.7M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $9.8M | ||
| Q3 25 | $179.2M | $22.8M | ||
| Q2 25 | $174.7M | $-28.9M | ||
| Q1 25 | $103.5M | $-34.9M | ||
| Q4 24 | $128.1M | $5.5M | ||
| Q3 24 | $219.4M | $22.9M | ||
| Q2 24 | $141.8M | $39.0K | ||
| Q1 24 | $70.9M | $-9.3M |
| Q4 25 | $155.0M | $8.7M | ||
| Q3 25 | $177.8M | $21.4M | ||
| Q2 25 | $173.4M | $-31.1M | ||
| Q1 25 | $102.5M | $-35.9M | ||
| Q4 24 | $127.6M | $4.8M | ||
| Q3 24 | $219.0M | $22.3M | ||
| Q2 24 | $139.1M | $-2.1M | ||
| Q1 24 | $69.9M | $-9.7M |
| Q4 25 | 33.3% | 3.4% | ||
| Q3 25 | 34.9% | 8.2% | ||
| Q2 25 | 34.7% | -13.9% | ||
| Q1 25 | 25.1% | -16.0% | ||
| Q4 24 | 29.0% | 1.7% | ||
| Q3 24 | 46.6% | 8.0% | ||
| Q2 24 | 33.4% | -1.0% | ||
| Q1 24 | 15.7% | -5.1% |
| Q4 25 | 0.4% | 0.4% | ||
| Q3 25 | 0.3% | 0.5% | ||
| Q2 25 | 0.3% | 0.9% | ||
| Q1 25 | 0.3% | 0.5% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.7% | 1.0% | ||
| Q1 24 | 0.2% | 0.2% |
| Q4 25 | 1.72× | 2.77× | ||
| Q3 25 | 1.44× | 10.70× | ||
| Q2 25 | 1.41× | -12.24× | ||
| Q1 25 | 1.64× | -13.01× | ||
| Q4 24 | 3.13× | 1.33× | ||
| Q3 24 | 2.31× | 4.28× | ||
| Q2 24 | 1.73× | 0.01× | ||
| Q1 24 | 0.55× | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
