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Side-by-side financial comparison of Skyward Specialty Insurance Group, Inc. (SKWD) and WORKIVA INC (WK). 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 $247.3M, roughly 1.9× WORKIVA INC). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 10.5% vs 7.7%, a 2.8% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (44.8% vs 19.9%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (30.4% CAGR vs 18.0%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
SKWD vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $475.9M | $247.3M |
| Net Profit | $49.7M | $19.0M |
| Gross Margin | — | 80.4% |
| Operating Margin | 14.9% | 25.8% |
| Net Margin | 10.5% | 7.7% |
| Revenue YoY | 44.8% | 19.9% |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.09 | $0.33 |
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 | $247.3M | ||
| Q4 25 | $385.6M | $238.9M | ||
| Q3 25 | $382.5M | $224.2M | ||
| Q2 25 | $319.9M | $215.2M | ||
| Q1 25 | $328.5M | $206.3M | ||
| Q4 24 | $304.4M | $199.9M | ||
| Q3 24 | $300.9M | $185.6M | ||
| Q2 24 | $279.9M | $177.5M |
| Q1 26 | $49.7M | $19.0M | ||
| Q4 25 | $43.2M | $11.8M | ||
| Q3 25 | $45.9M | $2.8M | ||
| Q2 25 | $38.8M | $-19.4M | ||
| Q1 25 | $42.1M | $-21.4M | ||
| Q4 24 | $14.4M | $-8.8M | ||
| Q3 24 | $36.7M | $-17.0M | ||
| Q2 24 | $31.0M | $-17.5M |
| Q1 26 | — | 80.4% | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | 14.9% | 25.8% | ||
| Q4 25 | 14.2% | 3.3% | ||
| Q3 25 | 15.8% | -1.5% | ||
| Q2 25 | 15.6% | -10.3% | ||
| Q1 25 | 15.7% | -12.0% | ||
| Q4 24 | 6.1% | -6.7% | ||
| Q3 24 | 15.6% | -11.7% | ||
| Q2 24 | 14.4% | -13.0% |
| Q1 26 | 10.5% | 7.7% | ||
| Q4 25 | 11.2% | 4.9% | ||
| Q3 25 | 12.0% | 1.2% | ||
| Q2 25 | 12.1% | -9.0% | ||
| Q1 25 | 12.8% | -10.4% | ||
| Q4 24 | 4.7% | -4.4% | ||
| Q3 24 | 12.2% | -9.2% | ||
| Q2 24 | 11.1% | -9.9% |
| Q1 26 | $1.09 | $0.33 | ||
| Q4 25 | $1.03 | $0.21 | ||
| Q3 25 | $1.10 | $0.05 | ||
| Q2 25 | $0.93 | $-0.35 | ||
| Q1 25 | $1.01 | $-0.38 | ||
| Q4 24 | $0.33 | $-0.15 | ||
| Q3 24 | $0.89 | $-0.31 | ||
| Q2 24 | $0.75 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.1M | $334.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | — |
| Total Assets | $6.5B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.1M | $334.3M | ||
| Q4 25 | $168.5M | $338.8M | ||
| Q3 25 | $160.1M | $315.9M | ||
| Q2 25 | $136.6M | $284.3M | ||
| Q1 25 | $112.9M | $242.0M | ||
| Q4 24 | $121.6M | $301.8M | ||
| Q3 24 | $105.6M | $248.2M | ||
| Q2 24 | $73.0M | $267.9M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $-5.4M | ||
| Q3 25 | $961.4M | $-36.9M | ||
| Q2 25 | $899.9M | $-66.5M | ||
| Q1 25 | $850.7M | $-75.7M | ||
| Q4 24 | $794.0M | $-41.7M | ||
| Q3 24 | $797.5M | $-50.8M | ||
| Q2 24 | $723.6M | $-77.7M |
| Q1 26 | $6.5B | $1.4B | ||
| Q4 25 | $4.8B | $1.5B | ||
| Q3 25 | $4.6B | $1.4B | ||
| Q2 25 | $4.3B | $1.3B | ||
| Q1 25 | $4.0B | $1.3B | ||
| Q4 24 | $3.7B | $1.4B | ||
| Q3 24 | $3.6B | $1.3B | ||
| Q2 24 | $3.4B | $1.2B |
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 | — | — |
| Free Cash FlowOCF − Capex | — | $25.7M |
| FCF MarginFCF / Revenue | — | 10.4% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $171.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $408.1M | $51.0M | ||
| Q3 25 | $171.4M | $46.2M | ||
| Q2 25 | $88.2M | $50.3M | ||
| Q1 25 | $96.8M | $-7.4M | ||
| Q4 24 | $305.1M | $44.0M | ||
| Q3 24 | $168.0M | $18.9M | ||
| Q2 24 | $21.0M | $-14.0K |
| Q1 26 | — | $25.7M | ||
| Q4 25 | $402.6M | $50.7M | ||
| Q3 25 | $168.9M | $46.1M | ||
| Q2 25 | $87.1M | $49.3M | ||
| Q1 25 | $96.6M | $-8.1M | ||
| Q4 24 | $300.9M | $43.2M | ||
| Q3 24 | $167.6M | $18.7M | ||
| Q2 24 | $18.4M | $-122.0K |
| Q1 26 | — | 10.4% | ||
| Q4 25 | 104.4% | 21.2% | ||
| Q3 25 | 44.2% | 20.5% | ||
| Q2 25 | 27.2% | 22.9% | ||
| Q1 25 | 29.4% | -3.9% | ||
| Q4 24 | 98.8% | 21.6% | ||
| Q3 24 | 55.7% | 10.1% | ||
| Q2 24 | 6.6% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 0.6% | 0.0% | ||
| Q2 25 | 0.3% | 0.5% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 1.4% | 0.4% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.9% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 9.44× | 4.31× | ||
| Q3 25 | 3.73× | 16.57× | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | 21.18× | — | ||
| Q3 24 | 4.58× | — | ||
| Q2 24 | 0.68× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SKWD
Segment breakdown not available.
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
