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Side-by-side financial comparison of Skyward Specialty Insurance Group, Inc. (SKWD) and Strategic Education, Inc. (STRA). 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 $305.9M, roughly 1.3× Strategic Education, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 9.7%, a 1.5% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -0.8%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $57.3M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs -1.0%).
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.
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
SKWD vs STRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $385.6M | $305.9M |
| Net Profit | $43.2M | $29.7M |
| Gross Margin | — | — |
| Operating Margin | 14.2% | 13.0% |
| Net Margin | 11.2% | 9.7% |
| Revenue YoY | 26.7% | -0.8% |
| Net Profit YoY | 200.1% | -9.3% |
| EPS (diluted) | $1.03 | $1.24 |
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 | — | $305.9M | ||
| Q4 25 | $385.6M | $323.2M | ||
| Q3 25 | $382.5M | $319.9M | ||
| Q2 25 | $319.9M | $321.5M | ||
| Q1 25 | $328.5M | $303.6M | ||
| Q4 24 | $304.4M | $311.5M | ||
| Q3 24 | $300.9M | $306.0M | ||
| Q2 24 | $279.9M | $312.3M |
| Q1 26 | — | $29.7M | ||
| Q4 25 | $43.2M | $37.9M | ||
| Q3 25 | $45.9M | $26.6M | ||
| Q2 25 | $38.8M | $32.3M | ||
| Q1 25 | $42.1M | $29.7M | ||
| Q4 24 | $14.4M | $25.3M | ||
| Q3 24 | $36.7M | $27.7M | ||
| Q2 24 | $31.0M | $29.9M |
| Q1 26 | — | 13.0% | ||
| Q4 25 | 14.2% | 16.0% | ||
| Q3 25 | 15.8% | 11.6% | ||
| Q2 25 | 15.6% | 14.2% | ||
| Q1 25 | 15.7% | 13.1% | ||
| Q4 24 | 6.1% | 11.6% | ||
| Q3 24 | 15.6% | 11.9% | ||
| Q2 24 | 14.4% | 13.4% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 11.2% | 11.7% | ||
| Q3 25 | 12.0% | 8.3% | ||
| Q2 25 | 12.1% | 10.1% | ||
| Q1 25 | 12.8% | 9.8% | ||
| Q4 24 | 4.7% | 8.1% | ||
| Q3 24 | 12.2% | 9.1% | ||
| Q2 24 | 11.1% | 9.6% |
| Q1 26 | — | $1.24 | ||
| Q4 25 | $1.03 | $1.65 | ||
| Q3 25 | $1.10 | $1.15 | ||
| Q2 25 | $0.93 | $1.37 | ||
| Q1 25 | $1.01 | $1.24 | ||
| Q4 24 | $0.33 | $1.05 | ||
| Q3 24 | $0.89 | $1.15 | ||
| Q2 24 | $0.75 | $1.24 |
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 | $140.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $1.6B |
| Total Assets | $4.8B | $2.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $140.8M | ||
| Q4 25 | $168.5M | $148.1M | ||
| Q3 25 | $160.1M | $172.6M | ||
| Q2 25 | $136.6M | $164.9M | ||
| Q1 25 | $112.9M | $182.6M | ||
| Q4 24 | $121.6M | $184.0M | ||
| Q3 24 | $105.6M | $222.1M | ||
| Q2 24 | $73.0M | $256.2M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.0B | $1.6B | ||
| Q3 25 | $961.4M | $1.7B | ||
| Q2 25 | $899.9M | $1.7B | ||
| Q1 25 | $850.7M | $1.6B | ||
| Q4 24 | $794.0M | $1.7B | ||
| Q3 24 | $797.5M | $1.7B | ||
| Q2 24 | $723.6M | $1.7B |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $4.8B | $2.0B | ||
| Q3 25 | $4.6B | $2.1B | ||
| Q2 25 | $4.3B | $2.1B | ||
| Q1 25 | $4.0B | $2.1B | ||
| Q4 24 | $3.7B | $2.0B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.4B | $2.2B |
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 | $408.1M | $67.7M |
| Free Cash FlowOCF − Capex | $402.6M | $57.3M |
| FCF MarginFCF / Revenue | 104.4% | 18.7% |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | 9.44× | 2.27× |
| TTM Free Cash FlowTrailing 4 quarters | $755.2M | $153.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $67.7M | ||
| Q4 25 | $408.1M | $39.2M | ||
| Q3 25 | $171.4M | $60.1M | ||
| Q2 25 | $88.2M | $31.2M | ||
| Q1 25 | $96.8M | $67.7M | ||
| Q4 24 | $305.1M | $15.9M | ||
| Q3 24 | $168.0M | $51.5M | ||
| Q2 24 | $21.0M | $24.3M |
| Q1 26 | — | $57.3M | ||
| Q4 25 | $402.6M | $27.0M | ||
| Q3 25 | $168.9M | $49.3M | ||
| Q2 25 | $87.1M | $20.4M | ||
| Q1 25 | $96.6M | $57.3M | ||
| Q4 24 | $300.9M | $4.7M | ||
| Q3 24 | $167.6M | $42.1M | ||
| Q2 24 | $18.4M | $13.6M |
| Q1 26 | — | 18.7% | ||
| Q4 25 | 104.4% | 8.3% | ||
| Q3 25 | 44.2% | 15.4% | ||
| Q2 25 | 27.2% | 6.3% | ||
| Q1 25 | 29.4% | 18.9% | ||
| Q4 24 | 98.8% | 1.5% | ||
| Q3 24 | 55.7% | 13.8% | ||
| Q2 24 | 6.6% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 3.8% | ||
| Q3 25 | 0.6% | 3.4% | ||
| Q2 25 | 0.3% | 3.4% | ||
| Q1 25 | 0.1% | 3.4% | ||
| Q4 24 | 1.4% | 3.6% | ||
| Q3 24 | 0.1% | 3.1% | ||
| Q2 24 | 0.9% | 3.4% |
| Q1 26 | — | 2.27× | ||
| Q4 25 | 9.44× | 1.03× | ||
| Q3 25 | 3.73× | 2.26× | ||
| Q2 25 | 2.27× | 0.97× | ||
| Q1 25 | 2.30× | 2.27× | ||
| Q4 24 | 21.18× | 0.63× | ||
| Q3 24 | 4.58× | 1.86× | ||
| Q2 24 | 0.68× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SKWD
Segment breakdown not available.
STRA
| U.S. Higher Education | $221.0M | 72% |
| Australia/New Zealand | $48.3M | 16% |
| Education Technology Services | $34.3M | 11% |
