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Side-by-side financial comparison of Skyward Specialty Insurance Group, Inc. (SKWD) and XPLR Infrastructure, LP (XIFR). 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 $249.0M, roughly 1.9× XPLR Infrastructure, LP). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 10.5%, a 0.8% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (44.8% vs -15.3%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (30.4% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
SKWD vs XIFR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.9M | $249.0M |
| Net Profit | $49.7M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | 14.9% | -19.3% |
| Net Margin | 10.5% | 11.2% |
| Revenue YoY | 44.8% | -15.3% |
| Net Profit YoY | — | 124.3% |
| EPS (diluted) | $1.09 | — |
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 | — | ||
| Q4 25 | $385.6M | $249.0M | ||
| Q3 25 | $382.5M | $315.0M | ||
| Q2 25 | $319.9M | $342.0M | ||
| Q1 25 | $328.5M | $282.0M | ||
| Q4 24 | $304.4M | $294.0M | ||
| Q3 24 | $300.9M | $319.0M | ||
| Q2 24 | $279.9M | $360.0M |
| Q1 26 | $49.7M | — | ||
| Q4 25 | $43.2M | $28.0M | ||
| Q3 25 | $45.9M | $-37.0M | ||
| Q2 25 | $38.8M | $79.0M | ||
| Q1 25 | $42.1M | $-98.0M | ||
| Q4 24 | $14.4M | $-115.0M | ||
| Q3 24 | $36.7M | $-40.0M | ||
| Q2 24 | $31.0M | $62.0M |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.2% | -19.3% | ||
| Q3 25 | 15.8% | 1.6% | ||
| Q2 25 | 15.6% | 26.3% | ||
| Q1 25 | 15.7% | -82.6% | ||
| Q4 24 | 6.1% | -188.1% | ||
| Q3 24 | 15.6% | 15.4% | ||
| Q2 24 | 14.4% | 18.3% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 11.2% | 11.2% | ||
| Q3 25 | 12.0% | -11.7% | ||
| Q2 25 | 12.1% | 23.1% | ||
| Q1 25 | 12.8% | -34.8% | ||
| Q4 24 | 4.7% | -39.1% | ||
| Q3 24 | 12.2% | -12.5% | ||
| Q2 24 | 11.1% | 17.2% |
| Q1 26 | $1.09 | — | ||
| Q4 25 | $1.03 | — | ||
| Q3 25 | $1.10 | $-0.40 | ||
| Q2 25 | $0.93 | $0.84 | ||
| Q1 25 | $1.01 | $-1.05 | ||
| Q4 24 | $0.33 | — | ||
| Q3 24 | $0.89 | $-0.43 | ||
| Q2 24 | $0.75 | $0.66 |
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 | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $1.2B | $10.9B |
| Total Assets | $6.5B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.1M | — | ||
| Q4 25 | $168.5M | $960.0M | ||
| Q3 25 | $160.1M | $711.0M | ||
| Q2 25 | $136.6M | $880.0M | ||
| Q1 25 | $112.9M | $1.5B | ||
| Q4 24 | $121.6M | $283.0M | ||
| Q3 24 | $105.6M | $290.0M | ||
| Q2 24 | $73.0M | $281.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $10.9B | ||
| Q3 25 | $961.4M | $11.0B | ||
| Q2 25 | $899.9M | $11.3B | ||
| Q1 25 | $850.7M | $12.6B | ||
| Q4 24 | $794.0M | $12.9B | ||
| Q3 24 | $797.5M | $13.6B | ||
| Q2 24 | $723.6M | $13.9B |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $4.8B | $19.6B | ||
| Q3 25 | $4.6B | $19.1B | ||
| Q2 25 | $4.3B | $20.5B | ||
| Q1 25 | $4.0B | $21.4B | ||
| Q4 24 | $3.7B | $20.3B | ||
| Q3 24 | $3.6B | $20.9B | ||
| Q2 24 | $3.4B | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $408.1M | $186.0M | ||
| Q3 25 | $171.4M | $231.0M | ||
| Q2 25 | $88.2M | $232.0M | ||
| Q1 25 | $96.8M | $90.0M | ||
| Q4 24 | $305.1M | $283.0M | ||
| Q3 24 | $168.0M | $208.0M | ||
| Q2 24 | $21.0M | $231.0M |
| Q1 26 | — | — | ||
| Q4 25 | $402.6M | $-88.0M | ||
| Q3 25 | $168.9M | $-283.0M | ||
| Q2 25 | $87.1M | $151.0M | ||
| Q1 25 | $96.6M | $1.0M | ||
| Q4 24 | $300.9M | $231.0M | ||
| Q3 24 | $167.6M | $152.0M | ||
| Q2 24 | $18.4M | $162.0M |
| Q1 26 | — | — | ||
| Q4 25 | 104.4% | -35.3% | ||
| Q3 25 | 44.2% | -89.8% | ||
| Q2 25 | 27.2% | 44.2% | ||
| Q1 25 | 29.4% | 0.4% | ||
| Q4 24 | 98.8% | 78.6% | ||
| Q3 24 | 55.7% | 47.6% | ||
| Q2 24 | 6.6% | 45.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 110.0% | ||
| Q3 25 | 0.6% | 163.2% | ||
| Q2 25 | 0.3% | 23.7% | ||
| Q1 25 | 0.1% | 31.6% | ||
| Q4 24 | 1.4% | 17.7% | ||
| Q3 24 | 0.1% | 17.6% | ||
| Q2 24 | 0.9% | 19.2% |
| Q1 26 | — | — | ||
| Q4 25 | 9.44× | 6.64× | ||
| Q3 25 | 3.73× | — | ||
| Q2 25 | 2.27× | 2.94× | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | 21.18× | — | ||
| Q3 24 | 4.58× | — | ||
| Q2 24 | 0.68× | 3.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SKWD
Segment breakdown not available.
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
