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Side-by-side financial comparison of Skyward Specialty Insurance Group, Inc. (SKWD) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $385.6M, roughly 1.6× Skyward Specialty Insurance Group, Inc.). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 11.2%, a 2.2% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 15.7%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $140.3M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 4.6%).
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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
SKWD vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.6M | $625.1M |
| Net Profit | $43.2M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 14.2% | 18.2% |
| Net Margin | 11.2% | 13.4% |
| Revenue YoY | 26.7% | 15.7% |
| Net Profit YoY | 200.1% | 24.0% |
| EPS (diluted) | $1.03 | $2.50 |
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 | $625.1M | ||
| Q3 25 | $382.5M | $611.7M | ||
| Q2 25 | $319.9M | $643.7M | ||
| Q1 25 | $328.5M | $558.0M | ||
| Q4 24 | $304.4M | $540.4M | ||
| Q3 24 | $300.9M | $543.6M | ||
| Q2 24 | $279.9M | $597.3M | ||
| Q1 24 | $265.0M | $570.9M |
| Q4 25 | $43.2M | $83.7M | ||
| Q3 25 | $45.9M | $82.2M | ||
| Q2 25 | $38.8M | $100.9M | ||
| Q1 25 | $42.1M | $74.0M | ||
| Q4 24 | $14.4M | $67.5M | ||
| Q3 24 | $36.7M | $69.1M | ||
| Q2 24 | $31.0M | $82.0M | ||
| Q1 24 | $36.8M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | 14.2% | 18.2% | ||
| Q3 25 | 15.8% | 18.2% | ||
| Q2 25 | 15.6% | 21.0% | ||
| Q1 25 | 15.7% | 15.7% | ||
| Q4 24 | 6.1% | 16.5% | ||
| Q3 24 | 15.6% | 17.1% | ||
| Q2 24 | 14.4% | 18.7% | ||
| Q1 24 | 17.7% | 16.9% |
| Q4 25 | 11.2% | 13.4% | ||
| Q3 25 | 12.0% | 13.4% | ||
| Q2 25 | 12.1% | 15.7% | ||
| Q1 25 | 12.8% | 13.3% | ||
| Q4 24 | 4.7% | 12.5% | ||
| Q3 24 | 12.2% | 12.7% | ||
| Q2 24 | 11.1% | 13.7% | ||
| Q1 24 | 13.9% | 12.7% |
| Q4 25 | $1.03 | $2.50 | ||
| Q3 25 | $1.10 | $2.45 | ||
| Q2 25 | $0.93 | $3.01 | ||
| Q1 25 | $1.01 | $2.21 | ||
| Q4 24 | $0.33 | $2.02 | ||
| Q3 24 | $0.89 | $2.06 | ||
| Q2 24 | $0.75 | $2.44 | ||
| Q1 24 | $0.90 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $2.0B |
| Total Assets | $4.8B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $168.5M | $405.5M | ||
| Q3 25 | $160.1M | $457.7M | ||
| Q2 25 | $136.6M | $369.3M | ||
| Q1 25 | $112.9M | $336.8M | ||
| Q4 24 | $121.6M | $386.9M | ||
| Q3 24 | $105.6M | $303.9M | ||
| Q2 24 | $73.0M | $279.4M | ||
| Q1 24 | $85.1M | $237.1M |
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $961.4M | $2.0B | ||
| Q2 25 | $899.9M | $1.9B | ||
| Q1 25 | $850.7M | $1.8B | ||
| Q4 24 | $794.0M | $1.7B | ||
| Q3 24 | $797.5M | $1.7B | ||
| Q2 24 | $723.6M | $1.6B | ||
| Q1 24 | $692.3M | $1.6B |
| Q4 25 | $4.8B | $2.9B | ||
| Q3 25 | $4.6B | $2.7B | ||
| Q2 25 | $4.3B | $2.6B | ||
| Q1 25 | $4.0B | $2.5B | ||
| Q4 24 | $3.7B | $2.4B | ||
| Q3 24 | $3.6B | $2.4B | ||
| Q2 24 | $3.4B | $2.4B | ||
| Q1 24 | $3.2B | $2.3B |
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 | $154.7M |
| Free Cash FlowOCF − Capex | $402.6M | $140.3M |
| FCF MarginFCF / Revenue | 104.4% | 22.4% |
| Capex IntensityCapex / Revenue | 1.4% | 2.3% |
| Cash ConversionOCF / Net Profit | 9.44× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $755.2M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $408.1M | $154.7M | ||
| Q3 25 | $171.4M | $122.4M | ||
| Q2 25 | $88.2M | $69.7M | ||
| Q1 25 | $96.8M | $55.2M | ||
| Q4 24 | $305.1M | $139.5M | ||
| Q3 24 | $168.0M | $90.7M | ||
| Q2 24 | $21.0M | $85.3M | ||
| Q1 24 | $94.3M | $45.6M |
| Q4 25 | $402.6M | $140.3M | ||
| Q3 25 | $168.9M | $110.9M | ||
| Q2 25 | $87.1M | $59.5M | ||
| Q1 25 | $96.6M | $45.6M | ||
| Q4 24 | $300.9M | $127.5M | ||
| Q3 24 | $167.6M | $84.3M | ||
| Q2 24 | $18.4M | $78.5M | ||
| Q1 24 | $94.0M | $35.5M |
| Q4 25 | 104.4% | 22.4% | ||
| Q3 25 | 44.2% | 18.1% | ||
| Q2 25 | 27.2% | 9.2% | ||
| Q1 25 | 29.4% | 8.2% | ||
| Q4 24 | 98.8% | 23.6% | ||
| Q3 24 | 55.7% | 15.5% | ||
| Q2 24 | 6.6% | 13.1% | ||
| Q1 24 | 35.5% | 6.2% |
| Q4 25 | 1.4% | 2.3% | ||
| Q3 25 | 0.6% | 1.9% | ||
| Q2 25 | 0.3% | 1.6% | ||
| Q1 25 | 0.1% | 1.7% | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 0.1% | 1.2% | ||
| Q2 24 | 0.9% | 1.1% | ||
| Q1 24 | 0.1% | 1.8% |
| Q4 25 | 9.44× | 1.85× | ||
| Q3 25 | 3.73× | 1.49× | ||
| Q2 25 | 2.27× | 0.69× | ||
| Q1 25 | 2.30× | 0.75× | ||
| Q4 24 | 21.18× | 2.07× | ||
| Q3 24 | 4.58× | 1.31× | ||
| Q2 24 | 0.68× | 1.04× | ||
| Q1 24 | 2.56× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
