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Side-by-side financial comparison of Skyward Specialty Insurance Group, Inc. (SKWD) and Shutterstock, Inc. (SSTK). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $220.2M, roughly 1.8× Shutterstock, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs -7.3%, a 18.5% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -12.0%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $25.9M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 1.4%).
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.
Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...
SKWD vs SSTK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.6M | $220.2M |
| Net Profit | $43.2M | $-16.0M |
| Gross Margin | — | 55.8% |
| Operating Margin | 14.2% | -1.1% |
| Net Margin | 11.2% | -7.3% |
| Revenue YoY | 26.7% | -12.0% |
| Net Profit YoY | 200.1% | -1021.0% |
| EPS (diluted) | $1.03 | $-0.47 |
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 | $385.6M | $220.2M | ||
| Q3 25 | $382.5M | $260.1M | ||
| Q2 25 | $319.9M | $267.0M | ||
| Q1 25 | $328.5M | $242.6M | ||
| Q4 24 | $304.4M | $250.3M | ||
| Q3 24 | $300.9M | $250.6M | ||
| Q2 24 | $279.9M | $220.1M | ||
| Q1 24 | $265.0M | $214.3M |
| Q4 25 | $43.2M | $-16.0M | ||
| Q3 25 | $45.9M | $13.4M | ||
| Q2 25 | $38.8M | $29.4M | ||
| Q1 25 | $42.1M | $18.7M | ||
| Q4 24 | $14.4M | $-1.4M | ||
| Q3 24 | $36.7M | $17.6M | ||
| Q2 24 | $31.0M | $3.6M | ||
| Q1 24 | $36.8M | $16.1M |
| Q4 25 | — | 55.8% | ||
| Q3 25 | — | 60.6% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | — | 58.4% | ||
| Q4 24 | — | 55.1% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.5% | ||
| Q1 24 | — | 58.8% |
| Q4 25 | 14.2% | -1.1% | ||
| Q3 25 | 15.8% | 12.5% | ||
| Q2 25 | 15.6% | 13.0% | ||
| Q1 25 | 15.7% | 4.2% | ||
| Q4 24 | 6.1% | 5.3% | ||
| Q3 24 | 15.6% | 7.2% | ||
| Q2 24 | 14.4% | 9.4% | ||
| Q1 24 | 17.7% | 7.8% |
| Q4 25 | 11.2% | -7.3% | ||
| Q3 25 | 12.0% | 5.1% | ||
| Q2 25 | 12.1% | 11.0% | ||
| Q1 25 | 12.8% | 7.7% | ||
| Q4 24 | 4.7% | -0.6% | ||
| Q3 24 | 12.2% | 7.0% | ||
| Q2 24 | 11.1% | 1.6% | ||
| Q1 24 | 13.9% | 7.5% |
| Q4 25 | $1.03 | $-0.47 | ||
| Q3 25 | $1.10 | $0.37 | ||
| Q2 25 | $0.93 | $0.82 | ||
| Q1 25 | $1.01 | $0.53 | ||
| Q4 24 | $0.33 | $-0.04 | ||
| Q3 24 | $0.89 | $0.50 | ||
| Q2 24 | $0.75 | $0.10 | ||
| Q1 24 | $0.90 | $0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $168.5M | $178.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $581.0M |
| Total Assets | $4.8B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $168.5M | $178.2M | ||
| Q3 25 | $160.1M | $165.5M | ||
| Q2 25 | $136.6M | $116.4M | ||
| Q1 25 | $112.9M | $112.2M | ||
| Q4 24 | $121.6M | $111.3M | ||
| Q3 24 | $105.6M | $131.4M | ||
| Q2 24 | $73.0M | $74.9M | ||
| Q1 24 | $85.1M | $71.8M |
| Q4 25 | $1.0B | $581.0M | ||
| Q3 25 | $961.4M | $594.4M | ||
| Q2 25 | $899.9M | $586.2M | ||
| Q1 25 | $850.7M | $547.2M | ||
| Q4 24 | $794.0M | $518.4M | ||
| Q3 24 | $797.5M | $522.9M | ||
| Q2 24 | $723.6M | $520.4M | ||
| Q1 24 | $692.3M | $541.3M |
| Q4 25 | $4.8B | $1.4B | ||
| Q3 25 | $4.6B | $1.4B | ||
| Q2 25 | $4.3B | $1.4B | ||
| Q1 25 | $4.0B | $1.3B | ||
| Q4 24 | $3.7B | $1.3B | ||
| Q3 24 | $3.6B | $1.3B | ||
| Q2 24 | $3.4B | $1.0B | ||
| Q1 24 | $3.2B | $1.0B |
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 | $408.1M | $36.2M |
| Free Cash FlowOCF − Capex | $402.6M | $25.9M |
| FCF MarginFCF / Revenue | 104.4% | 11.8% |
| Capex IntensityCapex / Revenue | 1.4% | 4.7% |
| Cash ConversionOCF / Net Profit | 9.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $755.2M | $123.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $408.1M | $36.2M | ||
| Q3 25 | $171.4M | $78.4M | ||
| Q2 25 | $88.2M | $26.8M | ||
| Q1 25 | $96.8M | $25.2M | ||
| Q4 24 | $305.1M | $8.0M | ||
| Q3 24 | $168.0M | $-11.6M | ||
| Q2 24 | $21.0M | $28.0M | ||
| Q1 24 | $94.3M | $8.3M |
| Q4 25 | $402.6M | $25.9M | ||
| Q3 25 | $168.9M | $68.0M | ||
| Q2 25 | $87.1M | $15.5M | ||
| Q1 25 | $96.6M | $14.4M | ||
| Q4 24 | $300.9M | $-952.0K | ||
| Q3 24 | $167.6M | $-26.3M | ||
| Q2 24 | $18.4M | $18.9M | ||
| Q1 24 | $94.0M | $-6.2M |
| Q4 25 | 104.4% | 11.8% | ||
| Q3 25 | 44.2% | 26.1% | ||
| Q2 25 | 27.2% | 5.8% | ||
| Q1 25 | 29.4% | 6.0% | ||
| Q4 24 | 98.8% | -0.4% | ||
| Q3 24 | 55.7% | -10.5% | ||
| Q2 24 | 6.6% | 8.6% | ||
| Q1 24 | 35.5% | -2.9% |
| Q4 25 | 1.4% | 4.7% | ||
| Q3 25 | 0.6% | 4.0% | ||
| Q2 25 | 0.3% | 4.2% | ||
| Q1 25 | 0.1% | 4.5% | ||
| Q4 24 | 1.4% | 3.6% | ||
| Q3 24 | 0.1% | 5.9% | ||
| Q2 24 | 0.9% | 4.1% | ||
| Q1 24 | 0.1% | 6.7% |
| Q4 25 | 9.44× | — | ||
| Q3 25 | 3.73× | 5.86× | ||
| Q2 25 | 2.27× | 0.91× | ||
| Q1 25 | 2.30× | 1.35× | ||
| Q4 24 | 21.18× | — | ||
| Q3 24 | 4.58× | -0.66× | ||
| Q2 24 | 0.68× | 7.71× | ||
| Q1 24 | 2.56× | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
