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Side-by-side financial comparison of Skyward Specialty Insurance Group, Inc. (SKWD) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $385.6M, roughly 1.0× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 1.7%, a 9.6% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 25.4%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $60.9M). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% CAGR vs 20.6%).
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.
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
SKWD vs ZETA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.6M | $394.6M |
| Net Profit | $43.2M | $6.5M |
| Gross Margin | — | 59.5% |
| Operating Margin | 14.2% | 4.5% |
| Net Margin | 11.2% | 1.7% |
| Revenue YoY | 26.7% | 25.4% |
| Net Profit YoY | 200.1% | -57.1% |
| EPS (diluted) | $1.03 | $0.04 |
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 | $394.6M | ||
| Q3 25 | $382.5M | $337.2M | ||
| Q2 25 | $319.9M | $308.4M | ||
| Q1 25 | $328.5M | $264.4M | ||
| Q4 24 | $304.4M | $314.7M | ||
| Q3 24 | $300.9M | $268.3M | ||
| Q2 24 | $279.9M | $227.8M | ||
| Q1 24 | $265.0M | $194.9M |
| Q4 25 | $43.2M | $6.5M | ||
| Q3 25 | $45.9M | $-3.6M | ||
| Q2 25 | $38.8M | $-12.8M | ||
| Q1 25 | $42.1M | $-21.6M | ||
| Q4 24 | $14.4M | $15.2M | ||
| Q3 24 | $36.7M | $-17.4M | ||
| Q2 24 | $31.0M | $-28.1M | ||
| Q1 24 | $36.8M | $-39.6M |
| Q4 25 | — | 59.5% | ||
| Q3 25 | — | 60.5% | ||
| Q2 25 | — | 62.1% | ||
| Q1 25 | — | 60.9% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 60.6% | ||
| Q2 24 | — | 60.0% | ||
| Q1 24 | — | 60.6% |
| Q4 25 | 14.2% | 4.5% | ||
| Q3 25 | 15.8% | 2.6% | ||
| Q2 25 | 15.6% | -1.7% | ||
| Q1 25 | 15.7% | -6.1% | ||
| Q4 24 | 6.1% | 2.2% | ||
| Q3 24 | 15.6% | -4.6% | ||
| Q2 24 | 14.4% | -11.7% | ||
| Q1 24 | 17.7% | -18.4% |
| Q4 25 | 11.2% | 1.7% | ||
| Q3 25 | 12.0% | -1.1% | ||
| Q2 25 | 12.1% | -4.2% | ||
| Q1 25 | 12.8% | -8.2% | ||
| Q4 24 | 4.7% | 4.8% | ||
| Q3 24 | 12.2% | -6.5% | ||
| Q2 24 | 11.1% | -12.3% | ||
| Q1 24 | 13.9% | -20.3% |
| Q4 25 | $1.03 | $0.04 | ||
| Q3 25 | $1.10 | $-0.02 | ||
| Q2 25 | $0.93 | $-0.06 | ||
| Q1 25 | $1.01 | $-0.10 | ||
| Q4 24 | $0.33 | $0.10 | ||
| Q3 24 | $0.89 | $-0.09 | ||
| Q2 24 | $0.75 | $-0.16 | ||
| Q1 24 | $0.90 | $-0.23 |
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 | $319.8M |
| Total DebtLower is stronger | — | $197.1M |
| Stockholders' EquityBook value | $1.0B | $804.6M |
| Total Assets | $4.8B | $1.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $168.5M | $319.8M | ||
| Q3 25 | $160.1M | $385.2M | ||
| Q2 25 | $136.6M | $365.3M | ||
| Q1 25 | $112.9M | $364.4M | ||
| Q4 24 | $121.6M | $366.2M | ||
| Q3 24 | $105.6M | $418.5M | ||
| Q2 24 | $73.0M | $154.7M | ||
| Q1 24 | $85.1M | $141.6M |
| Q4 25 | — | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | — | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M | ||
| Q1 24 | — | $184.2M |
| Q4 25 | $1.0B | $804.6M | ||
| Q3 25 | $961.4M | $689.2M | ||
| Q2 25 | $899.9M | $673.3M | ||
| Q1 25 | $850.7M | $676.6M | ||
| Q4 24 | $794.0M | $676.8M | ||
| Q3 24 | $797.5M | $474.9M | ||
| Q2 24 | $723.6M | $217.0M | ||
| Q1 24 | $692.3M | $191.6M |
| Q4 25 | $4.8B | $1.5B | ||
| Q3 25 | $4.6B | $1.2B | ||
| Q2 25 | $4.3B | $1.1B | ||
| Q1 25 | $4.0B | $1.1B | ||
| Q4 24 | $3.7B | $1.1B | ||
| Q3 24 | $3.6B | $869.1M | ||
| Q2 24 | $3.4B | $583.9M | ||
| Q1 24 | $3.2B | $550.3M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.96× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | $402.6M | $60.9M |
| FCF MarginFCF / Revenue | 104.4% | 15.4% |
| Capex IntensityCapex / Revenue | 1.4% | 0.8% |
| Cash ConversionOCF / Net Profit | 9.44× | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | $755.2M | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $408.1M | $64.1M | ||
| Q3 25 | $171.4M | $57.9M | ||
| Q2 25 | $88.2M | $42.0M | ||
| Q1 25 | $96.8M | $34.8M | ||
| Q4 24 | $305.1M | $43.7M | ||
| Q3 24 | $168.0M | $34.4M | ||
| Q2 24 | $21.0M | $31.1M | ||
| Q1 24 | $94.3M | $24.7M |
| Q4 25 | $402.6M | $60.9M | ||
| Q3 25 | $168.9M | $52.4M | ||
| Q2 25 | $87.1M | $39.7M | ||
| Q1 25 | $96.6M | $32.1M | ||
| Q4 24 | $300.9M | $35.4M | ||
| Q3 24 | $167.6M | $29.5M | ||
| Q2 24 | $18.4M | $24.4M | ||
| Q1 24 | $94.0M | $18.9M |
| Q4 25 | 104.4% | 15.4% | ||
| Q3 25 | 44.2% | 15.6% | ||
| Q2 25 | 27.2% | 12.9% | ||
| Q1 25 | 29.4% | 12.1% | ||
| Q4 24 | 98.8% | 11.3% | ||
| Q3 24 | 55.7% | 11.0% | ||
| Q2 24 | 6.6% | 10.7% | ||
| Q1 24 | 35.5% | 9.7% |
| Q4 25 | 1.4% | 0.8% | ||
| Q3 25 | 0.6% | 1.6% | ||
| Q2 25 | 0.3% | 0.8% | ||
| Q1 25 | 0.1% | 1.0% | ||
| Q4 24 | 1.4% | 2.6% | ||
| Q3 24 | 0.1% | 1.8% | ||
| Q2 24 | 0.9% | 3.0% | ||
| Q1 24 | 0.1% | 3.0% |
| Q4 25 | 9.44× | 9.81× | ||
| Q3 25 | 3.73× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | 21.18× | 2.87× | ||
| Q3 24 | 4.58× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 2.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
