vs
Side-by-side financial comparison of SELECT MEDICAL HOLDINGS CORP (SEM) and SELECTIVE INSURANCE GROUP INC (SIGI). Click either name above to swap in a different company.
SELECT MEDICAL HOLDINGS CORP is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× SELECTIVE INSURANCE GROUP INC). SELECTIVE INSURANCE GROUP INC runs the higher net margin — 7.2% vs 1.4%, a 5.7% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (6.4% vs 5.7%). Over the past eight quarters, SELECTIVE INSURANCE GROUP INC's revenue compounded faster (6.6% CAGR vs 2.8%).
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
Selective Insurance Group Inc. is a U.S.-based insurance holding company that provides a comprehensive portfolio of property and casualty insurance products, including personal auto, home insurance, commercial property, liability, and workers' compensation coverage. It primarily serves small and medium-sized businesses, individual consumers, and nonprofits across the U.S., distributing offerings via a network of independent insurance agents.
SEM vs SIGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $20.2M | $97.7M |
| Gross Margin | — | — |
| Operating Margin | 4.6% | — |
| Net Margin | 1.4% | 7.2% |
| Revenue YoY | 6.4% | 5.7% |
| Net Profit YoY | 225.7% | -37.0% |
| EPS (diluted) | $0.17 | $1.58 |
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 | — | $1.4B | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B |
| Q1 26 | — | $97.7M | ||
| Q4 25 | $20.2M | $155.2M | ||
| Q3 25 | $28.8M | $115.3M | ||
| Q2 25 | $40.6M | $85.9M | ||
| Q1 25 | $56.7M | $109.9M | ||
| Q4 24 | $-16.1M | $95.5M | ||
| Q3 24 | $55.6M | $92.3M | ||
| Q2 24 | $77.6M | $-63.3M |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 14.4% | ||
| Q3 25 | 5.4% | 10.7% | ||
| Q2 25 | 6.5% | 8.2% | ||
| Q1 25 | 8.3% | 10.8% | ||
| Q4 24 | 1.6% | 9.5% | ||
| Q3 24 | 4.3% | 9.4% | ||
| Q2 24 | 5.8% | -6.7% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | 1.4% | 11.4% | ||
| Q3 25 | 2.1% | 8.5% | ||
| Q2 25 | 3.0% | 6.5% | ||
| Q1 25 | 4.2% | 8.6% | ||
| Q4 24 | -1.2% | 7.6% | ||
| Q3 24 | 4.4% | 7.4% | ||
| Q2 24 | 6.1% | -5.3% |
| Q1 26 | — | $1.58 | ||
| Q4 25 | $0.17 | $2.52 | ||
| Q3 25 | $0.23 | $1.85 | ||
| Q2 25 | $0.32 | $1.36 | ||
| Q1 25 | $0.44 | $1.76 | ||
| Q4 24 | $-0.12 | $1.53 | ||
| Q3 24 | $0.43 | $1.47 | ||
| Q2 24 | $0.60 | $-1.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $26.5M | $451.8M |
| Total DebtLower is stronger | $1.8B | $901.4M |
| Stockholders' EquityBook value | $1.7B | $3.6B |
| Total Assets | $5.9B | $15.3B |
| Debt / EquityLower = less leverage | 1.06× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $451.8M | ||
| Q4 25 | $26.5M | — | ||
| Q3 25 | $60.1M | — | ||
| Q2 25 | $52.3M | — | ||
| Q1 25 | $53.2M | — | ||
| Q4 24 | $59.7M | — | ||
| Q3 24 | $191.5M | — | ||
| Q2 24 | $111.2M | — |
| Q1 26 | — | $901.4M | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.7B | $507.9M | ||
| Q3 24 | $3.1B | $508.2M | ||
| Q2 24 | $3.6B | $508.8M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $1.7B | $3.6B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.7B | $3.4B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | $1.7B | $3.1B | ||
| Q3 24 | $1.9B | $3.2B | ||
| Q2 24 | $1.4B | $2.9B |
| Q1 26 | — | $15.3B | ||
| Q4 25 | $5.9B | $15.2B | ||
| Q3 25 | $5.7B | $15.0B | ||
| Q2 25 | $5.7B | $14.5B | ||
| Q1 25 | $5.7B | $14.2B | ||
| Q4 24 | $5.6B | $13.5B | ||
| Q3 24 | $8.0B | $13.5B | ||
| Q2 24 | $7.9B | $12.6B |
| Q1 26 | — | 0.25× | ||
| Q4 25 | 1.06× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 1.01× | 0.16× | ||
| Q3 24 | 1.62× | 0.16× | ||
| Q2 24 | 2.54× | 0.17× |
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 | $64.3M | — |
| Free Cash FlowOCF − Capex | $5.2M | — |
| FCF MarginFCF / Revenue | 0.4% | — |
| Capex IntensityCapex / Revenue | 4.2% | — |
| Cash ConversionOCF / Net Profit | 3.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $117.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $64.3M | $376.3M | ||
| Q3 25 | $175.3M | $405.8M | ||
| Q2 25 | $110.3M | $166.9M | ||
| Q1 25 | $-3.5M | $284.0M | ||
| Q4 24 | $125.4M | $332.2M | ||
| Q3 24 | $181.0M | $387.4M | ||
| Q2 24 | $278.2M | $266.1M |
| Q1 26 | — | — | ||
| Q4 25 | $5.2M | $366.3M | ||
| Q3 25 | $122.2M | $397.3M | ||
| Q2 25 | $45.6M | $159.7M | ||
| Q1 25 | $-55.8M | $271.0M | ||
| Q4 24 | $62.0M | $324.7M | ||
| Q3 24 | $130.3M | $378.0M | ||
| Q2 24 | $222.6M | $258.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 26.8% | ||
| Q3 25 | 9.0% | 29.2% | ||
| Q2 25 | 3.4% | 12.0% | ||
| Q1 25 | -4.1% | 21.1% | ||
| Q4 24 | 4.7% | 25.8% | ||
| Q3 24 | 10.2% | 30.4% | ||
| Q2 24 | 17.4% | 21.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 0.7% | ||
| Q3 25 | 3.9% | 0.6% | ||
| Q2 25 | 4.8% | 0.5% | ||
| Q1 25 | 3.9% | 1.0% | ||
| Q4 24 | 4.8% | 0.6% | ||
| Q3 24 | 4.0% | 0.8% | ||
| Q2 24 | 4.3% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.19× | 2.42× | ||
| Q3 25 | 6.09× | 3.52× | ||
| Q2 25 | 2.72× | 1.94× | ||
| Q1 25 | -0.06× | 2.58× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | 3.25× | 4.20× | ||
| Q2 24 | 3.59× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEM
| Critical Illness Recovery Hospitals | $629.7M | 45% |
| Health Care Patient Service Non Medicare | $428.6M | 31% |
| Rehabilitation Hospitals | $339.2M | 24% |
SIGI
Segment breakdown not available.
