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Side-by-side financial comparison of Seadrill Ltd (SDRL) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($475.9M vs $273.0M, roughly 1.7× Seadrill Ltd). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 10.5% vs -3.7%, a 14.1% gap on every dollar of revenue. Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (30.4% CAGR vs -8.9%).
Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments. It provides a contract-based service and primarily serves the oil super-majors, integrated oil and gas, state-owned national oil, and independent oil and gas companies.
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.
SDRL vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $475.9M |
| Net Profit | $-10.0M | $49.7M |
| Gross Margin | — | — |
| Operating Margin | -1.1% | 14.9% |
| Net Margin | -3.7% | 10.5% |
| Revenue YoY | — | 44.8% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $1.09 |
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.
| Q1 26 | — | $475.9M | ||
| Q4 25 | $273.0M | $385.6M | ||
| Q3 25 | $280.0M | $382.5M | ||
| Q2 25 | $288.0M | $319.9M | ||
| Q1 25 | $248.0M | $328.5M | ||
| Q4 24 | — | $304.4M | ||
| Q3 24 | $263.0M | $300.9M | ||
| Q2 24 | $267.0M | $279.9M |
| Q1 26 | — | $49.7M | ||
| Q4 25 | $-10.0M | $43.2M | ||
| Q3 25 | $-11.0M | $45.9M | ||
| Q2 25 | $-42.0M | $38.8M | ||
| Q1 25 | $-14.0M | $42.1M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | $32.0M | $36.7M | ||
| Q2 24 | $253.0M | $31.0M |
| Q1 26 | — | 14.9% | ||
| Q4 25 | -1.1% | 14.2% | ||
| Q3 25 | 9.3% | 15.8% | ||
| Q2 25 | 2.1% | 15.6% | ||
| Q1 25 | 7.3% | 15.7% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | 17.9% | 15.6% | ||
| Q2 24 | — | 14.4% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | -3.7% | 11.2% | ||
| Q3 25 | -3.9% | 12.0% | ||
| Q2 25 | -14.6% | 12.1% | ||
| Q1 25 | -5.6% | 12.8% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 12.2% | 12.2% | ||
| Q2 24 | 94.8% | 11.1% |
| Q1 26 | — | $1.09 | ||
| Q4 25 | — | $1.03 | ||
| Q3 25 | $-0.17 | $1.10 | ||
| Q2 25 | $-0.68 | $0.93 | ||
| Q1 25 | $-0.23 | $1.01 | ||
| Q4 24 | — | $0.33 | ||
| Q3 24 | $0.49 | $0.89 | ||
| Q2 24 | $3.49 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $339.0M | $4.1M |
| Total DebtLower is stronger | $613.0M | — |
| Stockholders' EquityBook value | $2.9B | $1.2B |
| Total Assets | $3.9B | $6.5B |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.1M | ||
| Q4 25 | $339.0M | $168.5M | ||
| Q3 25 | $402.0M | $160.1M | ||
| Q2 25 | $393.0M | $136.6M | ||
| Q1 25 | $404.0M | $112.9M | ||
| Q4 24 | — | $121.6M | ||
| Q3 24 | — | $105.6M | ||
| Q2 24 | $835.0M | $73.0M |
| Q1 26 | — | — | ||
| Q4 25 | $613.0M | — | ||
| Q3 25 | $612.0M | — | ||
| Q2 25 | $612.0M | — | ||
| Q1 25 | $611.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $609.0M | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.9B | $1.0B | ||
| Q3 25 | $2.9B | $961.4M | ||
| Q2 25 | $2.9B | $899.9M | ||
| Q1 25 | $2.9B | $850.7M | ||
| Q4 24 | — | $794.0M | ||
| Q3 24 | $2.9B | $797.5M | ||
| Q2 24 | $3.1B | $723.6M |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $3.9B | $4.8B | ||
| Q3 25 | $4.1B | $4.6B | ||
| Q2 25 | $4.1B | $4.3B | ||
| Q1 25 | $4.1B | $4.0B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $4.3B | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.21× | — | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.20× | — |
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 | $-40.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-40.0M | $408.1M | ||
| Q3 25 | $28.0M | $171.4M | ||
| Q2 25 | $11.0M | $88.2M | ||
| Q1 25 | $-27.0M | $96.8M | ||
| Q4 24 | — | $305.1M | ||
| Q3 24 | $-27.0M | $168.0M | ||
| Q2 24 | $79.0M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $402.6M | ||
| Q3 25 | — | $168.9M | ||
| Q2 25 | — | $87.1M | ||
| Q1 25 | — | $96.6M | ||
| Q4 24 | — | $300.9M | ||
| Q3 24 | — | $167.6M | ||
| Q2 24 | — | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 104.4% | ||
| Q3 25 | — | 44.2% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.44× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 21.18× | ||
| Q3 24 | -0.84× | 4.58× | ||
| Q2 24 | 0.31× | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
