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Side-by-side financial comparison of SCANSOURCE, INC. (SCSC) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $385.6M, roughly 2.0× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 2.2%, a 9.1% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 2.5%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $28.9M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 0.9%).
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
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.
SCSC vs SKWD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $766.5M | $385.6M |
| Net Profit | $16.5M | $43.2M |
| Gross Margin | 13.4% | — |
| Operating Margin | 2.3% | 14.2% |
| Net Margin | 2.2% | 11.2% |
| Revenue YoY | 2.5% | 26.7% |
| Net Profit YoY | -3.3% | 200.1% |
| EPS (diluted) | $0.75 | $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 | $766.5M | $385.6M | ||
| Q3 25 | $739.6M | $382.5M | ||
| Q2 25 | $812.9M | $319.9M | ||
| Q1 25 | $704.8M | $328.5M | ||
| Q4 24 | $747.5M | $304.4M | ||
| Q3 24 | $775.6M | $300.9M | ||
| Q2 24 | $746.1M | $279.9M | ||
| Q1 24 | $752.6M | $265.0M |
| Q4 25 | $16.5M | $43.2M | ||
| Q3 25 | $19.9M | $45.9M | ||
| Q2 25 | $20.1M | $38.8M | ||
| Q1 25 | $17.4M | $42.1M | ||
| Q4 24 | $17.1M | $14.4M | ||
| Q3 24 | $17.0M | $36.7M | ||
| Q2 24 | $16.1M | $31.0M | ||
| Q1 24 | $12.8M | $36.8M |
| Q4 25 | 13.4% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 13.1% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 12.6% | — |
| Q4 25 | 2.3% | 14.2% | ||
| Q3 25 | 3.5% | 15.8% | ||
| Q2 25 | 3.3% | 15.6% | ||
| Q1 25 | 3.2% | 15.7% | ||
| Q4 24 | 2.5% | 6.1% | ||
| Q3 24 | 2.3% | 15.6% | ||
| Q2 24 | 2.9% | 14.4% | ||
| Q1 24 | 2.3% | 17.7% |
| Q4 25 | 2.2% | 11.2% | ||
| Q3 25 | 2.7% | 12.0% | ||
| Q2 25 | 2.5% | 12.1% | ||
| Q1 25 | 2.5% | 12.8% | ||
| Q4 24 | 2.3% | 4.7% | ||
| Q3 24 | 2.2% | 12.2% | ||
| Q2 24 | 2.2% | 11.1% | ||
| Q1 24 | 1.7% | 13.9% |
| Q4 25 | $0.75 | $1.03 | ||
| Q3 25 | $0.89 | $1.10 | ||
| Q2 25 | $0.87 | $0.93 | ||
| Q1 25 | $0.74 | $1.01 | ||
| Q4 24 | $0.70 | $0.33 | ||
| Q3 24 | $0.69 | $0.89 | ||
| Q2 24 | $0.66 | $0.75 | ||
| Q1 24 | $0.50 | $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 | $83.5M | $168.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $910.9M | $1.0B |
| Total Assets | $1.7B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.5M | $168.5M | ||
| Q3 25 | $124.9M | $160.1M | ||
| Q2 25 | $126.2M | $136.6M | ||
| Q1 25 | $146.3M | $112.9M | ||
| Q4 24 | $110.5M | $121.6M | ||
| Q3 24 | $145.0M | $105.6M | ||
| Q2 24 | $185.5M | $73.0M | ||
| Q1 24 | $159.1M | $85.1M |
| Q4 25 | $910.9M | $1.0B | ||
| Q3 25 | $914.0M | $961.4M | ||
| Q2 25 | $906.4M | $899.9M | ||
| Q1 25 | $901.7M | $850.7M | ||
| Q4 24 | $900.7M | $794.0M | ||
| Q3 24 | $920.9M | $797.5M | ||
| Q2 24 | $924.3M | $723.6M | ||
| Q1 24 | $944.1M | $692.3M |
| Q4 25 | $1.7B | $4.8B | ||
| Q3 25 | $1.7B | $4.6B | ||
| Q2 25 | $1.8B | $4.3B | ||
| Q1 25 | $1.7B | $4.0B | ||
| Q4 24 | $1.7B | $3.7B | ||
| Q3 24 | $1.8B | $3.6B | ||
| Q2 24 | $1.8B | $3.4B | ||
| Q1 24 | $1.8B | $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 | $30.8M | $408.1M |
| Free Cash FlowOCF − Capex | $28.9M | $402.6M |
| FCF MarginFCF / Revenue | 3.8% | 104.4% |
| Capex IntensityCapex / Revenue | 0.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.87× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.8M | $408.1M | ||
| Q3 25 | $23.2M | $171.4M | ||
| Q2 25 | — | $88.2M | ||
| Q1 25 | $66.1M | $96.8M | ||
| Q4 24 | $-6.2M | $305.1M | ||
| Q3 24 | $44.8M | $168.0M | ||
| Q2 24 | — | $21.0M | ||
| Q1 24 | $160.2M | $94.3M |
| Q4 25 | $28.9M | $402.6M | ||
| Q3 25 | $20.8M | $168.9M | ||
| Q2 25 | — | $87.1M | ||
| Q1 25 | $64.6M | $96.6M | ||
| Q4 24 | $-8.2M | $300.9M | ||
| Q3 24 | $42.5M | $167.6M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | $157.7M | $94.0M |
| Q4 25 | 3.8% | 104.4% | ||
| Q3 25 | 2.8% | 44.2% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | 9.2% | 29.4% | ||
| Q4 24 | -1.1% | 98.8% | ||
| Q3 24 | 5.5% | 55.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | 21.0% | 35.5% |
| Q4 25 | 0.3% | 1.4% | ||
| Q3 25 | 0.3% | 0.6% | ||
| Q2 25 | 0.3% | 0.3% | ||
| Q1 25 | 0.2% | 0.1% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | 0.3% | 0.1% | ||
| Q2 24 | 0.2% | 0.9% | ||
| Q1 24 | 0.3% | 0.1% |
| Q4 25 | 1.87× | 9.44× | ||
| Q3 25 | 1.17× | 3.73× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | 3.79× | 2.30× | ||
| Q4 24 | -0.36× | 21.18× | ||
| Q3 24 | 2.64× | 4.58× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | 12.51× | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
SKWD
Segment breakdown not available.
