Skyward Specialty Insurance Group Inc Financials
Skyward Specialty Insurance Group Inc (SKWD) reported $1.4B in revenue for fiscal year 2025, up 23.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profit is scaling faster than the balance sheet, and cash conversion stays unusually strong because reinvestment needs are minimal.
ROE improved without a leverage step-up, rising from13.0% to16.8% while debt-to-equity stayed broadly flat, so better returns are coming from stronger profitability rather than a more levered capital structure. That quality shows up in cash as well, with operating cash flow far above earnings at$408M versus$170M in FY2025.
Assets reached
Capital spending was only
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Skyward Specialty Insurance Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Skyward Specialty Insurance Group Inc, and counted as zero in the overall score.
Not available for Skyward Specialty Insurance Group Inc, and counted as zero in the overall score.
Skyward Specialty Insurance Group Inc passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Skyward Specialty Insurance Group Inc generates $2.40 in operating cash flow ($408.1M OCF vs $170.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Skyward Specialty Insurance Group Inc generated $1.4B in revenue in fiscal year 2025. This represents an increase of 23.2% from the prior year.
Skyward Specialty Insurance Group Inc reported $170.0M in net income in fiscal year 2025. This represents an increase of 43.1% from the prior year.
Skyward Specialty Insurance Group Inc earned $4.07 per diluted share (EPS) in fiscal year 2025. This represents an increase of 41.8% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Skyward Specialty Insurance Group Inc generated $402.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 33.8% from the prior year.
Skyward Specialty Insurance Group Inc held $168.5M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Skyward Specialty Insurance Group Inc's net profit margin was 12.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.7 percentage points from the prior year.
Skyward Specialty Insurance Group Inc's ROE was 16.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Skyward Specialty Insurance Group Inc invested $5.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 29.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
SKWD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.4B+23.2% | $1.2B+29.8% | $886.0M+37.9% | $642.4M+16.8% | $550.2M |
| Interest Expense | $20.7M | $7.9M-16.6% | $9.5M-5.3% | $10.0M+56.5% | $6.4M+38.6% | $4.6M |
| Income Tax | $52.9M | $46.4M+36.8% | $33.9M+40.6% | $24.1M+132.2% | $10.4M+4.0% | $10.0M |
| Net Income | $187.9M | $170.0M+43.1% | $118.8M+38.2% | $86.0M+118.3% | $39.4M+2.8% | $38.3M |
| EPS (Diluted) | — | $4.07+41.8% | $2.87+28.1% | $2.24+85.1% | $1.21+2.5% | $1.18 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SKWD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $4.8B+28.5% | $3.7B+26.3% | $3.0B+25.0% | $2.4B+11.6% | $2.1B |
| Cash & Equivalents | $168.5M+38.6% | $121.6M+84.6% | $65.9M+45.0% | $45.4M+7.9% | $42.1M |
| Goodwill | $65.7M0.0% | $65.7M0.0% | $65.7M0.0% | $65.7M0.0% | $65.7M |
| Total Liabilities | $3.8B+28.8% | $2.9B+28.1% | $2.3B+18.1% | $1.9B+14.8% | $1.7B |
| Total Equity | $1.0B+27.1% | $794.0M+20.1% | $661.0M+56.8% | $421.7M-1.0% | $426.1M |
| Retained Earnings | $267.1M+175.1% | $97.1M+547.4% | -$21.7M+79.4% | -$105.4M+27.2% | -$144.8M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.
SKWD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $407.3M | $408.1M+33.7% | $305.1M-9.8% | $338.2M+61.9% | $208.9M+19.2% | $175.3M |
| Capital Expenditures | N/A | $5.5M+29.1% | $4.2M+35.9% | $3.1M+33.7% | $2.3M+7.9% | $2.2M |
| Free Cash Flow | N/A | $402.6M+33.8% | $300.9M-10.2% | $335.1M+62.2% | $206.6M+19.3% | $173.1M |
| Investing Cash Flow | -$580.2M | -$366.9M-50.6% | -$243.7M+50.7% | -$493.8M-155.4% | -$193.4M-5.7% | -$183.0M |
| Financing Cash Flow | $302.3M | $411K+109.7% | -$4.2M-103.2% | $130.9M+5906.7% | $2.2M+58.0% | $1.4M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SKWD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Net Margin | 12.0%+1.7pp | 10.3%+0.6pp | 9.7%+3.6pp | 6.1%-0.8pp | 7.0% |
| Return on Equity | 16.8%+1.9pp | 15.0%+2.0pp | 13.0%+3.7pp | 9.3%+0.4pp | 9.0% |
| Return on Assets | 3.5%+0.4pp | 3.2%+0.3pp | 2.9%+1.2pp | 1.7%-0.1pp | 1.8% |
| Debt-to-Equity | 3.750.0x | 3.70+0.2x | 3.47-1.1x | 4.61+0.6x | 3.97 |
| FCF Margin | 28.4%+2.3pp | 26.2%-11.7pp | 37.8%+5.7pp | 32.2%+0.7pp | 31.5% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
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Where Skyward Specialty Insurance Group Inc Ranks
Frequently Asked Questions
What is Skyward Specialty Insurance Group Inc's annual revenue?
Skyward Specialty Insurance Group Inc (SKWD) reported $1.4B in total revenue for fiscal year 2025. This represents a 23.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Skyward Specialty Insurance Group Inc's revenue growing?
Skyward Specialty Insurance Group Inc (SKWD) revenue grew by 23.2% year-over-year, from $1.2B to $1.4B in fiscal year 2025.
Is Skyward Specialty Insurance Group Inc profitable?
Yes, Skyward Specialty Insurance Group Inc (SKWD) reported a net income of $170.0M in fiscal year 2025, with a net profit margin of 12.0%.
What is Skyward Specialty Insurance Group Inc's net profit margin?
Skyward Specialty Insurance Group Inc (SKWD) had a net profit margin of 12.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Skyward Specialty Insurance Group Inc's return on equity (ROE)?
Skyward Specialty Insurance Group Inc (SKWD) has a return on equity of 16.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Skyward Specialty Insurance Group Inc's free cash flow?
Skyward Specialty Insurance Group Inc (SKWD) generated $402.6M in free cash flow during fiscal year 2025. This represents a 33.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Skyward Specialty Insurance Group Inc's operating cash flow?
Skyward Specialty Insurance Group Inc (SKWD) generated $408.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Skyward Specialty Insurance Group Inc's total assets?
Skyward Specialty Insurance Group Inc (SKWD) had $4.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Skyward Specialty Insurance Group Inc's capital expenditures?
Skyward Specialty Insurance Group Inc (SKWD) invested $5.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Skyward Specialty Insurance Group Inc's debt-to-equity ratio?
Skyward Specialty Insurance Group Inc (SKWD) had a debt-to-equity ratio of 3.75 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Skyward Specialty Insurance Group Inc's return on assets (ROA)?
Skyward Specialty Insurance Group Inc (SKWD) had a return on assets of 3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Skyward Specialty Insurance Group Inc's Piotroski F-Score?
Skyward Specialty Insurance Group Inc (SKWD) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Skyward Specialty Insurance Group Inc's earnings high quality?
Skyward Specialty Insurance Group Inc (SKWD) has an earnings quality ratio of 2.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Skyward Specialty Insurance Group Inc?
Skyward Specialty Insurance Group Inc (SKWD) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.