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

Rackspace Technology, Inc. is the larger business by last-quarter revenue ($682.8M vs $385.6M, roughly 1.8× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs -4.8%, a 16.0% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -0.4%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $56.0M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs -0.6%).

Rackspace Technology, Inc. is an American cloud computing company based in San Antonio, Texas. It also has offices in Reston, Virginia, as well as in Australia, Canada, United Kingdom, India, Dubai, Switzerland, the Netherlands, Germany, Singapore, Mexico, Toronto and Hong Kong. Its data centers are located in Amsterdam (Netherlands), Virginia (USA), Chicago (USA), Dallas (USA), London (UK), Frankfurt (Germany), Hong Kong (China), Kansas City (USA), New York City (USA), San Jose (USA), Shangh...

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.

RXT vs SKWD — Head-to-Head

Bigger by revenue
RXT
RXT
1.8× larger
RXT
$682.8M
$385.6M
SKWD
Growing faster (revenue YoY)
SKWD
SKWD
+27.1% gap
SKWD
26.7%
-0.4%
RXT
Higher net margin
SKWD
SKWD
16.0% more per $
SKWD
11.2%
-4.8%
RXT
More free cash flow
SKWD
SKWD
$346.6M more FCF
SKWD
$402.6M
$56.0M
RXT
Faster 2-yr revenue CAGR
SKWD
SKWD
Annualised
SKWD
20.6%
-0.6%
RXT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RXT
RXT
SKWD
SKWD
Revenue
$682.8M
$385.6M
Net Profit
$-32.7M
$43.2M
Gross Margin
17.6%
Operating Margin
-0.5%
14.2%
Net Margin
-4.8%
11.2%
Revenue YoY
-0.4%
26.7%
Net Profit YoY
41.6%
200.1%
EPS (diluted)
$-0.13
$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
RXT
RXT
SKWD
SKWD
Q4 25
$682.8M
$385.6M
Q3 25
$671.2M
$382.5M
Q2 25
$666.3M
$319.9M
Q1 25
$665.4M
$328.5M
Q4 24
$685.6M
$304.4M
Q3 24
$675.8M
$300.9M
Q2 24
$684.9M
$279.9M
Q1 24
$690.8M
$265.0M
Net Profit
RXT
RXT
SKWD
SKWD
Q4 25
$-32.7M
$43.2M
Q3 25
$-67.1M
$45.9M
Q2 25
$-54.5M
$38.8M
Q1 25
$-71.5M
$42.1M
Q4 24
$-56.0M
$14.4M
Q3 24
$-186.6M
$36.7M
Q2 24
$25.0M
$31.0M
Q1 24
$-640.6M
$36.8M
Gross Margin
RXT
RXT
SKWD
SKWD
Q4 25
17.6%
Q3 25
19.4%
Q2 25
19.4%
Q1 25
19.1%
Q4 24
19.2%
Q3 24
20.3%
Q2 24
19.2%
Q1 24
19.2%
Operating Margin
RXT
RXT
SKWD
SKWD
Q4 25
-0.5%
14.2%
Q3 25
-5.1%
15.8%
Q2 25
-3.8%
15.6%
Q1 25
-5.8%
15.7%
Q4 24
-4.2%
6.1%
Q3 24
-25.7%
15.6%
Q2 24
-7.9%
14.4%
Q1 24
-94.5%
17.7%
Net Margin
RXT
RXT
SKWD
SKWD
Q4 25
-4.8%
11.2%
Q3 25
-10.0%
12.0%
Q2 25
-8.2%
12.1%
Q1 25
-10.7%
12.8%
Q4 24
-8.2%
4.7%
Q3 24
-27.6%
12.2%
Q2 24
3.7%
11.1%
Q1 24
-92.7%
13.9%
EPS (diluted)
RXT
RXT
SKWD
SKWD
Q4 25
$-0.13
$1.03
Q3 25
$-0.28
$1.10
Q2 25
$-0.23
$0.93
Q1 25
$-0.31
$1.01
Q4 24
$-0.20
$0.33
Q3 24
$-0.82
$0.89
Q2 24
$0.11
$0.75
Q1 24
$-2.91
$0.90

Balance Sheet & Financial Strength

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

Metric
RXT
RXT
SKWD
SKWD
Cash + ST InvestmentsLiquidity on hand
$105.8M
$168.5M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$-1.2B
$1.0B
Total Assets
$2.8B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RXT
RXT
SKWD
SKWD
Q4 25
$105.8M
$168.5M
Q3 25
$99.5M
$160.1M
Q2 25
$103.9M
$136.6M
Q1 25
$128.0M
$112.9M
Q4 24
$144.0M
$121.6M
Q3 24
$157.1M
$105.6M
Q2 24
$190.2M
$73.0M
Q1 24
$282.6M
$85.1M
Total Debt
RXT
RXT
SKWD
SKWD
Q4 25
$2.7B
Q3 25
$2.8B
Q2 25
$2.8B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$2.9B
Q1 24
$3.0B
Stockholders' Equity
RXT
RXT
SKWD
SKWD
Q4 25
$-1.2B
$1.0B
Q3 25
$-1.2B
$961.4M
Q2 25
$-1.1B
$899.9M
Q1 25
$-1.1B
$850.7M
Q4 24
$-1.0B
$794.0M
Q3 24
$-949.7M
$797.5M
Q2 24
$-756.2M
$723.6M
Q1 24
$-787.2M
$692.3M
Total Assets
RXT
RXT
SKWD
SKWD
Q4 25
$2.8B
$4.8B
Q3 25
$2.8B
$4.6B
Q2 25
$2.9B
$4.3B
Q1 25
$3.0B
$4.0B
Q4 24
$3.1B
$3.7B
Q3 24
$3.1B
$3.6B
Q2 24
$3.4B
$3.4B
Q1 24
$3.5B
$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
RXT
RXT
SKWD
SKWD
Operating Cash FlowLast quarter
$59.7M
$408.1M
Free Cash FlowOCF − Capex
$56.0M
$402.6M
FCF MarginFCF / Revenue
8.2%
104.4%
Capex IntensityCapex / Revenue
0.5%
1.4%
Cash ConversionOCF / Net Profit
9.44×
TTM Free Cash FlowTrailing 4 quarters
$90.6M
$755.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RXT
RXT
SKWD
SKWD
Q4 25
$59.7M
$408.1M
Q3 25
$70.7M
$171.4M
Q2 25
$8.4M
$88.2M
Q1 25
$12.6M
$96.8M
Q4 24
$54.3M
$305.1M
Q3 24
$51.8M
$168.0M
Q2 24
$24.1M
$21.0M
Q1 24
$-90.3M
$94.3M
Free Cash Flow
RXT
RXT
SKWD
SKWD
Q4 25
$56.0M
$402.6M
Q3 25
$42.7M
$168.9M
Q2 25
$-12.4M
$87.1M
Q1 25
$4.3M
$96.6M
Q4 24
$34.4M
$300.9M
Q3 24
$27.3M
$167.6M
Q2 24
$-14.5M
$18.4M
Q1 24
$-118.4M
$94.0M
FCF Margin
RXT
RXT
SKWD
SKWD
Q4 25
8.2%
104.4%
Q3 25
6.4%
44.2%
Q2 25
-1.9%
27.2%
Q1 25
0.6%
29.4%
Q4 24
5.0%
98.8%
Q3 24
4.0%
55.7%
Q2 24
-2.1%
6.6%
Q1 24
-17.1%
35.5%
Capex Intensity
RXT
RXT
SKWD
SKWD
Q4 25
0.5%
1.4%
Q3 25
4.2%
0.6%
Q2 25
3.1%
0.3%
Q1 25
1.2%
0.1%
Q4 24
2.9%
1.4%
Q3 24
3.6%
0.1%
Q2 24
5.6%
0.9%
Q1 24
4.1%
0.1%
Cash Conversion
RXT
RXT
SKWD
SKWD
Q4 25
9.44×
Q3 25
3.73×
Q2 25
2.27×
Q1 25
2.30×
Q4 24
21.18×
Q3 24
4.58×
Q2 24
0.96×
0.68×
Q1 24
2.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RXT
RXT

Public Cloud Services Segment$442.2M65%
Private Cloud Service Segment$240.6M35%

SKWD
SKWD

Segment breakdown not available.

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