Skyward Specialty Insurance Group, Inc. (SKWD) Financial Ratios
13 years of historical data (2013–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↓
9.00
↓-23% vs avg
5yr avg: 11.61
30Y Low9.5·High13.4
P/FCF
↑
5.03
-6% vs avg
5yr avg: 5.38
30Y Low3.9·High7.0
P/B Ratio
↑
1.89
↓-16% vs avg
5yr avg: 2.24
30Y Low2.0·High2.6
ROE
↑
18.9%
↓+25% vs avg
5yr avg: 15.1%
30Y Low-54%·High19%
Debt/EBITDA
↓
0.55
↓-62% vs avg
5yr avg: 1.44
30Y Low0.5·High2.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SKWD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Skyward Specialty Insurance Group, Inc. trades at 11.2x earnings, 26% below its 5-year average of 15.1x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 15%. On a free-cash-flow basis, the stock trades at 5.0x P/FCF, 6% below the 5-year average of 5.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.0B | $2.1B | $2.1B | $1.3B | — | — | — | — |
| Enterprise Value | $2.0B | $2.1B | $2.1B | $1.4B | — | — | — | — |
| P/E Ratio → | 11.18 | 12.56 | 17.61 | 15.13 | — | — | — | — |
| P/S Ratio | 1.43 | 1.51 | 1.82 | 1.45 | — | — | — | — |
| P/B Ratio | 1.89 | 2.12 | 2.63 | 1.96 | — | — | — | — |
| P/FCF | 5.03 | 5.32 | 6.95 | 3.87 | — | — | — | — |
| P/OCF | 4.97 | 5.24 | 6.85 | 3.84 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
SKWD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Skyward Specialty Insurance Group, Inc.'s enterprise value stands at 9.0x EBITDA, 23% below its 5-year average of 11.6x. The Financial Services sector median is 11.5x, placing the stock at a 22% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.48 | 1.82 | 1.52 | — | — | — | — |
| EV / EBITDA | 9.00 | 9.51 | 13.38 | 11.94 | — | — | — | — |
| EV / EBIT | 9.14 | 9.32 | 12.88 | 11.33 | — | — | — | — |
| EV / FCF | — | 5.19 | 6.94 | 4.06 | — | — | — | — |
SKWD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Skyward Specialty Insurance Group, Inc. earns an operating margin of 15.3%, below the Financial Services sector average of 21.6%. Operating margins have expanded from 12.3% to 15.3% over the past 3 years, signaling improving operational efficiency. ROE of 18.9% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 18.5% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.0% | 44.0% | 28.6% | 30.3% | 26.4% | 25.1% | 10.9% | 100.0% |
| Operating Margin | 15.3% | 15.3% | 13.3% | 12.3% | 7.8% | 9.0% | -21.1% | 9.6% |
| Net Profit Margin | 12.0% | 12.0% | 10.4% | 9.6% | 6.2% | 7.2% | -16.7% | 5.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 |
|---|---|---|---|---|---|---|---|---|
| ROE | 18.9% | 18.9% | 16.3% | 15.9% | 9.3% | 15.3% | -54.5% | 5.5% |
| ROA | 4.0% | 4.0% | 3.6% | 3.2% | 1.8% | 2.9% | -10.5% | 1.2% |
| ROIC | 18.5% | 18.5% | 15.1% | 13.4% | 7.3% | 12.0% | -45.3% | 7.1% |
| ROCE | 9.7% | 9.7% | 7.5% | 17.1% | 11.6% | 3.7% | -14.0% | 2.3% |
SKWD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Skyward Specialty Insurance Group, Inc. carries a Debt/EBITDA ratio of 0.5x, which is very conservative (87% below the sector average of 4.1x). The company holds a net cash position — cash of $169M exceeds total debt of $120M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 28.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.15 | 0.19 | 0.31 | 0.30 | 0.42 | 0.50 |
| Debt / EBITDA | 0.55 | 0.55 | 0.77 | 1.13 | 2.39 | 2.38 | — | — |
| Net Debt / Equity | — | -0.05 | -0.00 | 0.10 | 0.20 | 0.20 | 0.21 | 0.11 |
| Net Debt / EBITDA | -0.22 | -0.22 | -0.01 | 0.55 | 1.54 | 1.60 | — | — |
| Debt / FCF | — | -0.12 | -0.01 | 0.19 | 0.40 | 0.50 | 0.38 | — |
| Interest Coverage | 28.33 | 28.33 | 17.08 | 11.98 | 8.77 | 11.45 | -16.09 | — |
Net cash position: cash ($169M) exceeds total debt ($120M)
SKWD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.95x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 6.41x to 0.95x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.95 | 0.95 | 6.41 | — | — | — | 5.80 | 2.21 |
| Quick Ratio | 0.95 | 0.95 | 6.41 | — | — | — | 5.80 | 2.21 |
| Cash Ratio | 0.42 | 0.42 | 2.95 | 0.61 | 0.43 | — | 1.82 | 2.21 |
| Asset Turnover | — | 0.30 | 0.31 | 0.30 | 0.27 | 0.25 | 0.92 | 0.23 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
SKWD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Skyward Specialty Insurance Group, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 8.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.9% | 8.0% | 5.7% | 6.6% | — | — | — | — |
| FCF Yield | 19.9% | 18.8% | 14.4% | 25.8% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $42M | $41M | $38M | $38M | $32M | $35M | $38M |
Peer Comparison
Compare SKWD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SKWDYou | $2B | 11.2 | 9.0 | 5.0 | 44.0% | 15.3% | 18.9% | 18.5% | 0.5 |
 JRVR | $198M | 5.4 | 5.4 | — | 28.4% | 7.4% | 7.5% | 5.9% | 6.6 |
 HRTG | $861M | 4.4 | 1.5 | 4.9 | 63.0% | 30.6% | 49.1% | 1539.6% | 0.4 |
 ACGL | $34B | 8.1 | 6.8 | 5.5 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 RLI | $5B | 11.4 | 8.8 | 7.5 | 29.8% | 27.5% | 24.4% | 22.8% | 0.2 |
 KNSL | $7B | 14.3 | 11.3 | 7.2 | 52.5% | 33.8% | 29.3% | 26.6% | 0.4 |
 HIG | $36B | 10.0 | 7.9 | 6.3 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 WRB | $25B | 14.9 | 11.0 | 7.2 | 19.8% | 15.9% | 19.6% | 18.2% | 1.2 |
 MKL | $23B | 10.6 | 7.8 | 8.8 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 ERIE | $10B | 20.4 | 12.1 | 17.5 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 SIGI | $5B | 11.3 | 9.6 | 4.1 | 40.9% | 11.0% | 13.9% | 10.9% | 1.4 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonSKWD — Frequently Asked Questions
Quick answers to the most common questions about buying SKWD stock.
What is Skyward Specialty Insurance Group, Inc.'s P/E ratio?
Skyward Specialty Insurance Group, Inc.'s current P/E ratio is 11.2x. The historical average is 15.1x.
What is Skyward Specialty Insurance Group, Inc.'s EV/EBITDA?
Skyward Specialty Insurance Group, Inc.'s current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
What is Skyward Specialty Insurance Group, Inc.'s ROE?
Skyward Specialty Insurance Group, Inc.'s return on equity (ROE) is 18.9%. The historical average is 3.8%.
Is SKWD stock overvalued?
Based on historical data, Skyward Specialty Insurance Group, Inc. is trading at a P/E of 11.2x. Compare with industry peers and growth rates for a complete picture.
What are Skyward Specialty Insurance Group, Inc.'s profit margins?
Skyward Specialty Insurance Group, Inc. has 44.0% gross margin and 15.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Skyward Specialty Insurance Group, Inc. have?
Skyward Specialty Insurance Group, Inc.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.