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Side-by-side financial comparison of RLI CORP (RLI) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.

WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $465.7M, roughly 1.1× RLI CORP). RLI CORP runs the higher net margin — 19.6% vs 6.1%, a 13.4% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 6.1%). RLI CORP produced more free cash flow last quarter ($155.0M vs $145.6M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% CAGR vs 2.3%).

RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.

Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.

RLI vs WWW — Head-to-Head

Bigger by revenue
WWW
WWW
1.1× larger
WWW
$517.5M
$465.7M
RLI
Growing faster (revenue YoY)
WWW
WWW
+19.5% gap
WWW
25.5%
6.1%
RLI
Higher net margin
RLI
RLI
13.4% more per $
RLI
19.6%
6.1%
WWW
More free cash flow
RLI
RLI
$9.4M more FCF
RLI
$155.0M
$145.6M
WWW
Faster 2-yr revenue CAGR
WWW
WWW
Annualised
WWW
14.5%
2.3%
RLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RLI
RLI
WWW
WWW
Revenue
$465.7M
$517.5M
Net Profit
$91.2M
$31.8M
Gross Margin
47.3%
Operating Margin
24.4%
9.7%
Net Margin
19.6%
6.1%
Revenue YoY
6.1%
25.5%
Net Profit YoY
123.1%
162.8%
EPS (diluted)
$1.00
$0.37

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
RLI
RLI
WWW
WWW
Q1 26
$517.5M
Q4 25
$465.7M
Q3 25
$509.3M
$470.3M
Q2 25
$499.8M
$474.2M
Q1 25
$407.7M
$412.3M
Q4 24
$439.1M
$494.7M
Q3 24
$470.0M
$440.2M
Q2 24
$416.4M
$425.2M
Net Profit
RLI
RLI
WWW
WWW
Q1 26
$31.8M
Q4 25
$91.2M
Q3 25
$124.6M
$25.1M
Q2 25
$124.3M
$26.8M
Q1 25
$63.2M
$12.1M
Q4 24
$40.9M
$23.1M
Q3 24
$95.0M
$23.2M
Q2 24
$82.0M
$13.8M
Gross Margin
RLI
RLI
WWW
WWW
Q1 26
47.3%
Q4 25
Q3 25
47.5%
Q2 25
47.2%
Q1 25
47.2%
Q4 24
43.4%
Q3 24
45.1%
Q2 24
43.1%
Operating Margin
RLI
RLI
WWW
WWW
Q1 26
9.7%
Q4 25
24.4%
Q3 25
30.9%
8.4%
Q2 25
31.3%
8.6%
Q1 25
19.3%
4.8%
Q4 24
10.8%
7.4%
Q3 24
24.9%
7.9%
Q2 24
24.8%
6.8%
Net Margin
RLI
RLI
WWW
WWW
Q1 26
6.1%
Q4 25
19.6%
Q3 25
24.5%
5.3%
Q2 25
24.9%
5.7%
Q1 25
15.5%
2.9%
Q4 24
9.3%
4.7%
Q3 24
20.2%
5.3%
Q2 24
19.7%
3.2%
EPS (diluted)
RLI
RLI
WWW
WWW
Q1 26
$0.37
Q4 25
$1.00
Q3 25
$1.35
$0.30
Q2 25
$1.34
$0.32
Q1 25
$0.68
$0.15
Q4 24
$-2.87
$0.29
Q3 24
$2.06
$0.28
Q2 24
$1.78
$0.17

Balance Sheet & Financial Strength

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

Metric
RLI
RLI
WWW
WWW
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$621.7M
Stockholders' EquityBook value
$1.8B
$408.0M
Total Assets
$6.2B
$1.7B
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Total Debt
RLI
RLI
WWW
WWW
Q1 26
$621.7M
Q4 25
Q3 25
$100.0M
$676.4M
Q2 25
$100.0M
$708.5M
Q1 25
$100.0M
$710.8M
Q4 24
$100.0M
$648.0M
Q3 24
$100.0M
$702.8M
Q2 24
$100.0M
$814.7M
Stockholders' Equity
RLI
RLI
WWW
WWW
Q1 26
$408.0M
Q4 25
$1.8B
Q3 25
$1.9B
$376.7M
Q2 25
$1.7B
$344.0M
Q1 25
$1.6B
$310.6M
Q4 24
$1.5B
$312.9M
Q3 24
$1.7B
$295.2M
Q2 24
$1.6B
$262.1M
Total Assets
RLI
RLI
WWW
WWW
Q1 26
$1.7B
Q4 25
$6.2B
Q3 25
$6.2B
$1.7B
Q2 25
$6.0B
$1.8B
Q1 25
$5.7B
$1.7B
Q4 24
$5.6B
$1.7B
Q3 24
$5.8B
$1.8B
Q2 24
$5.5B
$1.8B
Debt / Equity
RLI
RLI
WWW
WWW
Q1 26
1.52×
Q4 25
Q3 25
0.05×
1.80×
Q2 25
0.06×
2.06×
Q1 25
0.06×
2.29×
Q4 24
0.07×
2.07×
Q3 24
0.06×
2.38×
Q2 24
0.06×
3.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RLI
RLI
WWW
WWW
Operating Cash FlowLast quarter
$156.8M
$146.2M
Free Cash FlowOCF − Capex
$155.0M
$145.6M
FCF MarginFCF / Revenue
33.3%
28.1%
Capex IntensityCapex / Revenue
0.4%
0.1%
Cash ConversionOCF / Net Profit
1.72×
4.60×
TTM Free Cash FlowTrailing 4 quarters
$608.7M
$125.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RLI
RLI
WWW
WWW
Q1 26
$146.2M
Q4 25
$156.8M
Q3 25
$179.2M
$33.0M
Q2 25
$174.7M
$44.6M
Q1 25
$103.5M
$-83.8M
Q4 24
$128.1M
$82.4M
Q3 24
$219.4M
$108.2M
Q2 24
$141.8M
$26.7M
Free Cash Flow
RLI
RLI
WWW
WWW
Q1 26
$145.6M
Q4 25
$155.0M
Q3 25
$177.8M
$30.1M
Q2 25
$173.4M
$41.2M
Q1 25
$102.5M
$-91.4M
Q4 24
$127.6M
$74.4M
Q3 24
$219.0M
$104.1M
Q2 24
$139.1M
$23.7M
FCF Margin
RLI
RLI
WWW
WWW
Q1 26
28.1%
Q4 25
33.3%
Q3 25
34.9%
6.4%
Q2 25
34.7%
8.7%
Q1 25
25.1%
-22.2%
Q4 24
29.0%
15.0%
Q3 24
46.6%
23.6%
Q2 24
33.4%
5.6%
Capex Intensity
RLI
RLI
WWW
WWW
Q1 26
0.1%
Q4 25
0.4%
Q3 25
0.3%
0.6%
Q2 25
0.3%
0.7%
Q1 25
0.3%
1.8%
Q4 24
0.1%
1.6%
Q3 24
0.1%
0.9%
Q2 24
0.7%
0.7%
Cash Conversion
RLI
RLI
WWW
WWW
Q1 26
4.60×
Q4 25
1.72×
Q3 25
1.44×
1.31×
Q2 25
1.41×
1.66×
Q1 25
1.64×
-6.93×
Q4 24
3.13×
3.57×
Q3 24
2.31×
4.66×
Q2 24
1.73×
1.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RLI
RLI

Casualty Segment$246.8M53%
Property Insurance Segment$122.5M26%
Other$59.3M13%
Surety Insurance Segment$37.1M8%

WWW
WWW

Sales Channel Through Intermediary$230.2M44%
Sales Channel Directly To Consumer$142.6M28%
Work Group$134.0M26%
Other$10.7M2%

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