Skyward Specialty Insurance Group, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Skyward Specialty Insurance Group, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2022
FY2023
FY2024
FY2025
Revenue
550
642
886
1,150
1,417
Interest expense
4.62
6.41
10
9.5
7.92
Pre-tax income
48.3
49.8
110
153
216
Income tax
9.99
10.4
24.1
33.9
46.4
Income from continuing operations
38.3
39.4
86
119
170
Net income
38.3
39.4
86
119
170
EPS, basic
1.21
1.24
2.34
2.97
4.21
EPS, diluted
1.18
1.21
2.24
2.87
4.07
Shares, basic (weighted)
16.3
16.6
36
40.1
40.4
Shares, diluted (weighted)
32.5
32.7
38.3
41.4
41.8
Balance sheet
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
42.1
45.4
65.9
122
169
Property, plant and equipment
9.63
8.67
9.07
12.2
15.1
Lease right-of-use assets
10.5
8.21
4.91
3.14
Goodwill
65.7
65.7
65.7
65.7
65.7
Intangible assets
25.6
24.1
22.7
21.6
22.3
Total assets
2,118
2,363
2,953
3,729
4,792
Total liabilities
1,692
1,942
2,292
2,935
3,782
Paid-in capital
575
577
711
719
731
Retained earnings
-145
-105
-21.7
97.1
267
Treasury stock
-0
-0
0
0
Other comprehensive income
4.64
-43.5
-23
-22.1
11.5
Shareholders' equity
426
422
661
794
1,010
Total equity
426
422
661
794
1,010
Total liabilities and equity
2,118
2,363
2,953
3,729
4,792
Shares outstanding
39.9
40.1
40.5
Cash flow statement
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
38.3
39.4
86
119
170
Depreciation and amortization
5.6
4.1
3.89
3.36
3.54
Stock-based compensation
0.52
2.29
8.53
9.4
12
Deferred income tax
9.98
10.3
9.38
-8.71
-6.4
Change in payables
1.15
7.58
2.29
19.2
37
Cash from operations
175
209
338
305
408
Capital expenditures
-2.15
-2.33
-3.11
-4.22
-5.45
Acquisitions
-10.6
0
-0.05
Purchases of investments
-255
-269
-460
-618
-910
Sales and maturities of investments
15.1
44.5
49
123
184
Cash from investing
-183
-193
-494
-244
-367
Debt issued
0
50
107
43.4
Debt repaid
0
-50
-117
-43
Stock issued
0
129
Cash from financing
1.38
2.18
131
-4.23
0.41
Net change in cash
-6.35
17.7
-24.7
57.2
41.6
Free cash flow
173
207
335
301
403
Interest paid
4.67
5.76
10.7
8.57
6.15
Income taxes paid
0
15.8
37
51
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $54.78 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
13.9%
Pre-tax income / revenue.
Net margin
10.8%
Net income / revenue.
Operating cash flow margin
23.5%
Cash from operations / revenue.
Effective tax rate
22.0%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
14.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
2.8%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
23.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
30.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
43.1%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
62.8%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y
41.8%
EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y
49.8%
Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
33.7%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
25.0%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y
33.8%
Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y
24.9%
Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
27.1%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
33.8%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
28.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
26.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
1.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
8.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$37.94
Revenue / diluted weighted shares.
Operating cash flow per share
$8.91
Cash from operations / diluted weighted shares.
Book value per share
$28.55
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
12.9x
Market cap / net income. Only when net income is positive.
P/S
1.40x
Market cap / revenue.
P/B
1.92x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
3.05x
Market cap / tangible book value, when positive.
P/OCF
5.97x
Market cap / cash from operations, when positive.
EV/Sales
1.28x
Enterprise value / revenue.
Earnings yield
7.7%
Net income / market cap (the inverse of P/E).
PEG
0.26x
P/E / EPS growth per year over 3 years (in percent). Only when both are positive.
What was Skyward Specialty Insurance Group, Inc.'s revenue in fiscal 2025?
Skyward Specialty Insurance Group, Inc. reported revenue of $1.42B for fiscal 2025, 23.2% higher than the year before.
Was Skyward Specialty Insurance Group, Inc. profitable in fiscal 2025?
Yes. Net income was $170.0M, a net margin of 12%.
How much free cash flow did Skyward Specialty Insurance Group, Inc. generate in fiscal 2025?
Cash from operations of $408.1M minus capital expenditures of $5.5M left free cash flow of $402.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.