SKWD - Skyward Specialty Insurance Group, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$66.33
DETAILS
HIGH:
$72.00
LOW:
$59.00
MEDIAN:
$68.00
CONSENSUS:
$66.33
UPSIDE:
17.71%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||
| Revenue | 476.9 | 395.7 | 385.7 | 382.2 | 320.8 | 330.5 | 304.5 | 302.0 | 277.3 | 263.9 | 249.0 | 239.2 | 212.6 | 194.6 | 189.0 | 162.0 | 142.0 | 143.5 | 145.1 | 135.2 | 129.4 | 126.1 | 112.0 | 112.0 | 112.0 | 112.0 |
| Cost of Revenue | 276.7 | 265.2 | 269.7 | 263.0 | 225.9 | 231.8 | 241.0 | 207.9 | 195.0 | 175.9 | 167.5 | 172.6 | 147.5 | 136.1 | 129.2 | 129.1 | 106.5 | 103.4 | 121.0 | 101.1 | (4.5) | (7.8) | 0 | 0 | 0 | 0 |
| Gross Profit | 200.2 | 130.5 | 116.0 | 119.2 | 94.9 | 98.7 | 63.5 | 94.1 | 82.3 | 88.0 | 81.5 | 66.6 | 65.1 | 58.5 | 59.8 | 32.8 | 35.5 | 40.0 | 24.1 | 34.0 | 134.0 | 134.0 | 112.0 | 112.0 | 112.0 | 112.0 |
| Operating Expenses | ||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 4.2 | 4.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34.3 | 31.4 | 0 | 0 | 0 | 0 |
| Other Expenses | 132.5 | 64.2 | 61.4 | 58.6 | 45.1 | 47.3 | 44.9 | 47.3 | 42.0 | 41.0 | 43.9 | 38.8 | 40.1 | 38.7 | 33.8 | 35.9 | 29.2 | 19.5 | 22.5 | 21.5 | 35.1 | 26.2 | (134.2) | (134.2) | (134.2) | (134.2) |
| Operating Expenses | 136.6 | 68.4 | 61.4 | 58.6 | 45.1 | 47.3 | 44.9 | 47.3 | 42.0 | 41.0 | 43.9 | 38.8 | 40.1 | 38.7 | 33.8 | 35.9 | 29.2 | 19.5 | 22.5 | 21.5 | 115.3 | 109.8 | (134.2) | (134.2) | (134.2) | (134.2) |
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | 63.6 | 62.1 | 54.6 | 60.5 | 49.8 | 51.4 | 18.6 | 46.9 | 40.4 | 47.0 | 37.6 | 27.8 | 25.0 | 19.7 | 26.0 | (3.1) | 6.4 | 20.6 | 1.6 | 12.6 | 18.3 | 17.5 | (22.2) | (22.2) | (22.2) | (22.2) |
| Interest Expense | 8.8 | 7.7 | 2.3 | 1.9 | 1.9 | 1.8 | 2.1 | 2.2 | 2.4 | 2.7 | 2.8 | 2.6 | 2.5 | 2.2 | 2.1 | 1.7 | 1.4 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.4 | 1.4 | 1.4 | 1.4 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||
| EBITDA | 63.5 | 78.6 | 57.4 | 62.9 | 52.0 | 53.6 | 21.6 | 49.4 | 43.2 | 50.1 | 42.9 | 30.9 | 28.0 | 22.3 | 28.5 | (1.0) | 8.1 | 22.1 | 3.2 | 14.1 | 16.8 | 20.4 | (20.5) | (20.5) | (20.5) | (20.5) |
| EBIT | 72.4 | 69.8 | 56.9 | 62.5 | 51.7 | 53.3 | 20.6 | 49.1 | 42.8 | 49.7 | 40.3 | 30.4 | 27.5 | 21.9 | 28.1 | (1.4) | 7.7 | 21.8 | 2.8 | 13.7 | 16.4 | 20.0 | (20.8) | (20.8) | (20.8) | (20.8) |
| Income Before Tax | 63.6 | 62.1 | 54.6 | 60.5 | 49.8 | 51.4 | 18.6 | 46.9 | 40.4 | 47.0 | 37.6 | 27.8 | 25.0 | 19.7 | 26.0 | (3.1) | 6.4 | 20.6 | 1.6 | 12.6 | 15.2 | 18.9 | (23.6) | (23.6) | (23.6) | (23.6) |
| Income Tax Expense | 14.5 | 12.3 | 11.4 | 14.6 | 11.0 | 9.4 | 4.1 | 10.2 | 9.4 | 10.2 | 8.3 | 6.1 | 5.6 | 4.2 | 5.5 | (0.7) | 1.3 | 4.3 | 0.3 | 2.6 | 3.1 | 4.0 | (5.0) | (5.0) | (5.0) | (5.0) |
| Net Income | 49.0 | 49.7 | 43.2 | 45.9 | 38.8 | 42.1 | 14.4 | 36.7 | 31.0 | 36.8 | 29.3 | 21.7 | 19.5 | 15.6 | 20.4 | (2.4) | 5.1 | 16.3 | 1.3 | 10.0 | 6.3 | 7.7 | (18.7) | (18.7) | (18.7) | (18.7) |
| Per Share Data | ||||||||||||||||||||||||||
| EPS (Basic) | 1.10 | 1.12 | 1.07 | 1.13 | 0.96 | 1.05 | 0.36 | 0.91 | 0.79 | 0.94 | 0.78 | 0.59 | 0.53 | 0.42 | 0.54 | -0.06 | 0.13 | 0.43 | 0.04 | 0.31 | 0.17 | 0.21 | -0.50 | -0.50 | -0.50 | -0.50 |
| EPS (Diluted) | 1.07 | 1.09 | 1.03 | 1.10 | 0.93 | 1.01 | 0.35 | 0.89 | 0.75 | 0.90 | 0.74 | 0.57 | 0.51 | 0.42 | 0.54 | -0.06 | 0.13 | 0.13 | 0.04 | 0.27 | 0.17 | 0.21 | -0.50 | -0.50 | -0.50 | -0.50 |
| Shares Outstanding | 40.4 | 40.4 | 40.4 | 40.4 | 40.4 | 41.4 | 40.1 | 40.1 | 39.2 | 39.1 | 37.6 | 36.7 | 36.6 | 37.0 | 37.6 | 37.6 | 37.6 | 37.6 | 31.7 | 31.7 | 32.5 | 32.3 | 37.6 | 37.6 | 37.6 | 37.6 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||
| Cash & Cash Equivalents | 219.2 | 255.9 | 168.5 | 160.1 | 136.6 | 112.9 | 121.6 | 105.6 | 73.0 | 85.1 | 65.9 | 53.7 | 67.5 | 41.2 | 45.4 | 30.7 | 31.3 | 26.2 | 42.1 | 10.5 | 10.5 | 10.5 | 15.9 | 15.9 | 15.9 | 15.9 |
| Short-Term Investments | 2,192.2 | 1,602.3 | 1,383.1 | 1,319.2 | 1,186.9 | 1,128.5 | 1,053.6 | 972.4 | 888.5 | 847.8 | 1,287.9 | 1,068.9 | 958.2 | 960.5 | 728.7 | 104.9 | 0 | 0 | 622.6 | 41.1 | 41.1 | 41.1 | 59.0 | 59.0 | 59.0 | 59.0 |
| Net Receivables | 978.4 | 2,167.4 | 1,664.1 | 1,506.6 | 1,443.7 | 1,320.5 | 1,179.5 | 1,013.9 | 1,045.2 | 885.5 | 775.6 | 827.6 | 849.3 | 749.5 | 720.6 | 703.4 | 180.1 | 180.1 | 648.5 | 162.1 | 162.1 | 162.1 | 163.3 | 163.3 | 163.3 | 163.3 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | (337.2) | 60.5 | 30.6 | 38.2 | (3,061.3) | (2,794.1) | 0 | 45.8 | (1,776.2) | (2,022.9) | (2,315.5) | (2,169.0) | (2,142.6) | (1,948.2) | (1,652.4) | (1,028.3) | 441.1 | 457.1 | (1,451.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 3,389.8 | 4,401.0 | 3,485.3 | 3,300.4 | 0 | 0 | 2,558.6 | 2,374.6 | 485.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 441.1 | 457.1 | 0 | 213.7 | 213.7 | 213.7 | 238.2 | 238.2 | 238.2 | 238.2 |
| Non-Current Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment | 0 | 0 | 15.1 | 0 | 0 | 0 | 15.3 | 0 | 0 | 0 | 9.1 | 0 | 0 | 0 | 8.7 | 0 | 686.8 | 0 | 9.6 | 2.4 | 2.4 | 2.4 | 2.8 | 2.8 | 2.8 | 2.8 |
| Goodwill | 0 | 0 | 65.7 | 0 | 0 | 0 | 65.7 | 0 | 0 | 0 | 65.7 | 0 | 0 | 0 | 65.7 | 0 | 0 | 0 | 65.7 | 16.4 | 16.4 | 16.4 | 16.0 | 16.0 | 16.0 | 16.0 |
| Intangible Assets | 471.2 | 667.0 | 158.4 | 233.3 | 88.8 | 87.1 | 21.6 | 87.6 | 87.9 | 192.8 | 22.7 | 88.8 | 89.2 | 89.5 | 24.1 | 90.2 | 161.9 | 155.1 | 25.6 | 6.4 | 6.4 | 6.4 | 5.0 | 5.0 | 5.0 | 5.0 |
| Long-Term Investments | 1,249.2 | 1,275.3 | 917.4 | 914.6 | 893.6 | 864.8 | 1,811.1 | 917.7 | 1,716.3 | 1,626.9 | 1,559.8 | 1,336.6 | 1,258.0 | 1,248.0 | 901.4 | 965.8 | 93.3 | 91.7 | 787.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | (1,249.2) | 160.0 | 122.0 | 117.7 | 3,354.0 | 3,078.7 | (743.0) | 219.0 | 1,631.3 | 1,367.4 | 1,296.2 | (1,425.4) | (1,347.2) | (1,337.5) | (999.9) | (1,056.0) | 122.2 | 773.6 | (888.7) | (25.2) | (25.2) | (25.2) | (23.8) | (23.8) | (23.8) | (23.8) |
| Total Non-Current Assets | 519.2 | 2,146.4 | 1,306.6 | 1,293.7 | 4,336.4 | 4,030.6 | 1,170.8 | 1,224.3 | 3,435.5 | 3,187.1 | 2,953.4 | 1,673.5 | 1,560.8 | 1,539.5 | 1,344.2 | 1,280.4 | 1,100.7 | 1,020.4 | 2,118.2 | 25.2 | 25.2 | 25.2 | 23.8 | 23.8 | 23.8 | 23.8 |
| Total Assets | 6,781.1 | 6,547.5 | 4,791.9 | 4,594.0 | 4,336.4 | 4,030.6 | 3,729.5 | 3,598.9 | 3,435.5 | 3,187.1 | 2,953.4 | 2,850.7 | 2,807.2 | 2,621.3 | 2,363.4 | 2,308.4 | 1,541.8 | 1,477.5 | 2,118.2 | 529.6 | 529.6 | 529.6 | 487.2 | 487.2 | 487.2 | 487.2 |
| Current Liabilities | ||||||||||||||||||||||||||
| Account Payables | 636.2 | 628.1 | 394.9 | 391.3 | 401.8 | 321.2 | 253.3 | 274.0 | 267.4 | 247.2 | 201.0 | 226.2 | 245.1 | 226.1 | 162.2 | 184.6 | 0 | 0 | 160.7 | 40.2 | 0 | 0 | 41.1 | 41.1 | 41.1 | 41.1 |
| Short-Term Debt | 360.6 | 409.4 | 0 | 43 | 43 | 43 | 43 | 0 | 0 | 0 | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 1,014.7 | 774.0 | 885.7 | 0 | 0 | 0 | 692.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (996.9) | 3,193.8 | 2,493.3 | 2,236.1 | (444.8) | (364.2) | 102.7 | 1,716.0 | (267.4) | (247.2) | (251.0) | (226.2) | (245.1) | (226.1) | (162.2) | (184.6) | 412.9 | 373.4 | (160.7) | (40.2) | (40.2) | (40.2) | (41.1) | (41.1) | (41.1) | (41.1) |
| Total Current Liabilities | 0 | 5,246.0 | 3,662.3 | 3,556.1 | 0 | 0 | 398.9 | 2,682.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 614.1 | 593.5 | 0 | 40.2 | 40.2 | 40.2 | 41.1 | 41.1 | 41.1 | 41.1 |
| Non-Current Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | 437.2 | 76.6 | 120.0 | 76.6 | 76.6 | 76.5 | 76.5 | 119.0 | 118.9 | 118.9 | 128.7 | 128.7 | 128.7 | 128.6 | 128.6 | 128.6 | 128.6 | 128.5 | 128.5 | 32.1 | 32.1 | 32.1 | 32.1 | 32.1 | 32.1 | 32.1 |
| Deferred Tax Liabilities | 67.8 | 68.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 104.5 | 38.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3,174.6 | (117.5) | (46.5) | (51.0) | 3,316.9 | 3,060.4 | 2,419.6 | 1,686.6 | 1,597.4 | 2,375.9 | 2,163.7 | (170.4) | (182.8) | (169.5) | (158.5) | (163.5) | 334.1 | 284.6 | (159.0) | (39.8) | (39.8) | (39.8) | (41.1) | (41.1) | (41.1) | (41.1) |
| Total Non-Current Liabilities | 3,734.1 | 76.6 | 120.0 | 76.6 | 3,436.5 | 3,179.9 | 2,536.5 | 1,850.6 | 1,764.3 | 2,494.8 | 2,292.4 | 1,447.6 | 1,399.6 | 1,309.8 | 1,179.8 | 1,140.3 | 501.1 | 448.4 | 1,692.1 | 39.8 | 39.8 | 39.8 | 41.1 | 41.1 | 41.1 | 41.1 |
| Total Liabilities | 5,513.6 | 5,322.6 | 3,782.3 | 3,632.6 | 3,436.5 | 3,179.9 | 2,935.5 | 2,801.4 | 2,711.9 | 2,494.8 | 2,292.4 | 2,315.3 | 2,284.5 | 2,114.2 | 1,941.8 | 1,908.6 | 1,115.2 | 1,041.9 | 1,692.1 | 423.0 | 423.0 | 423.0 | 411.4 | 411.4 | 411.4 | 411.4 |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Common Stock | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.2 | 0.2 | 0.7 | 0.7 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 365.9 | 316.9 | 267.1 | 223.9 | 178.0 | 139.2 | 97.1 | 82.7 | 46.0 | 15.1 | (21.7) | (51.0) | (72.7) | (92.1) | (105.4) | (125.8) | (123.4) | (128.5) | (144.8) | (36.2) | (36.2) | (36.2) | (45.8) | (45.8) | (45.8) | (45.8) |
| Accumulated Other Comprehensive Income | (7.1) | (6.1) | 11.5 | 9.5 | (2.7) | (10.0) | (22.1) | (1.7) | (31.1) | (34.5) | (23.0) | (53.7) | (41.3) | (35.7) | (43.5) | (44.3) | (26.5) | (11.8) | 4.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,267.5 | 1,224.9 | 1,009.6 | 961.4 | 899.9 | 850.7 | 794.0 | 797.5 | 723.6 | 692.3 | 661.0 | 535.4 | 522.7 | 507.1 | 421.7 | 399.8 | 426.5 | 435.6 | 426.1 | 106.5 | 106.5 | 106.5 | 75.8 | 75.8 | 75.8 | 75.8 |
| Total Liabilities & Equity | 6,781.1 | 6,547.5 | 4,791.9 | 4,594.0 | 4,336.4 | 4,030.6 | 3,729.5 | 3,598.9 | 3,435.5 | 3,187.1 | 2,953.4 | 2,850.7 | 2,807.2 | 2,621.3 | 2,363.4 | 2,308.4 | 1,541.8 | 1,477.5 | 2,118.2 | 529.6 | 529.6 | 529.6 | 487.2 | 487.2 | 487.2 | 487.2 |
| Debt Metrics | ||||||||||||||||||||||||||
| Total Debt | 437.2 | 486.0 | 120.0 | 119.6 | 119.6 | 119.5 | 119.5 | 119.0 | 118.9 | 118.9 | 128.7 | 128.7 | 128.7 | 128.6 | 128.6 | 128.6 | 128.6 | 128.5 | 128.5 | 32.1 | 32.1 | 32.1 | 32.1 | 32.1 | 32.1 | 32.1 |
| Net Debt | 218.0 | 230.1 | (48.6) | (40.5) | (17.1) | 6.6 | (2.1) | 13.4 | 45.9 | 33.9 | 62.8 | 74.9 | 61.1 | 87.4 | 83.2 | 97.9 | 30.8 | 30.8 | 86.4 | 21.6 | 21.6 | 21.6 | 16.2 | 16.2 | 16.2 | 16.2 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | 49.0 | 49.7 | 43.2 | 45.9 | 38.8 | 42.1 | 14.4 | 36.7 | 31.0 | 36.8 | 29.3 | 21.7 | 19.5 | 15.6 | 20.4 | (2.4) | 5.1 | 16.3 | 1.3 | 10.0 | 12.1 | 14.9 | (18.7) | (18.7) | (18.7) | (18.7) |
| Depreciation & Amortization | 0 | 0 | 3.5 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0 | 0 | 0 | 0 | 0.4 | 0 | 0.4 | 0.4 | 0 | 4.5 | 0.4 | 0.4 | 0 | 1.5 | 1.5 | 1.5 | 1.5 |
| Stock-Based Compensation | 0 | 0 | 12.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0.7 | 0 | (0.1) | 0.3 | 0 | 0 | (0.0) | (0.0) | (0.0) | (0.0) |
| Change in Working Capital | 0 | 0 | 128.1 | 0 | 0 | 0 | 99.3 | 0 | 0 | 0 | 129.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 123.0 | 0 | 0 | 0 | 19.9 | 19.9 | 19.9 | 19.9 |
| Other Non-Cash Items | 18.6 | 66.8 | (135.1) | 125.5 | 49.3 | 54.7 | (91.8) | 131.3 | (10.4) | 57.5 | (39.0) | 89.0 | (18.2) | 91.3 | 63.6 | 62.4 | 12.0 | 29.6 | (90.6) | 49.2 | 26.4 | 24.7 | 13.3 | 13.3 | 13.3 | 13.3 |
| Operating Cash Flow | 67.6 | 116.5 | 51.8 | 171.4 | 88.2 | 96.8 | 21.9 | 168.0 | 21.0 | 94.3 | 119.6 | 110.7 | 1.3 | 107.2 | 84.0 | 60.9 | 18.1 | 45.9 | 38.0 | 59.9 | 38.9 | 39.6 | 11.2 | 11.2 | 11.2 | 11.2 |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditure | (2.6) | 1.7 | 0.3 | (2.5) | (3.1) | (0.2) | (1.1) | (0.4) | (2.5) | (0.3) | (3.1) | 1.2 | (0.6) | (0.6) | (1.5) | (0.3) | (0.1) | (0.4) | (0.2) | (0.8) | (0.8) | (0.3) | (0.5) | (0.5) | (0.5) | (0.5) |
| Acquisitions | (1.7) | (301.4) | (6.1) | 0.2 | 1.7 | 4.2 | (19.9) | (19.2) | 2.2 | 4.6 | 0 | 0 | (0.1) | 0 | 4.5 | 0 | 0 | 0 | 0 | 0 | (0.6) | (10) | (22.4) | (22.4) | (22.4) | (22.4) |
| Purchases of Investments | (211.1) | (270.2) | (239.6) | (259.0) | (249.8) | (168.4) | (196.8) | (166.7) | (145.9) | (127.2) | (197.9) | (159.5) | (30.5) | (251.5) | (62.7) | (97.2) | (76.5) | (89.6) | (69.1) | 0 | (117.5) | (103.0) | (54.9) | (54.9) | (54.9) | (54.9) |
| Sales/Maturities of Investments | 39.6 | 214.8 | (5.2) | 124.3 | 169.1 | 48.6 | 177.7 | 54.4 | 104.6 | 53.5 | 16.5 | 36.6 | 25.1 | 35.0 | 2.8 | 39.0 | 63.2 | 33.9 | 59.0 | 0 | 92.2 | 48.1 | 40.1 | 40.1 | 40.1 | 40.1 |
| Other Investing Activities | 155.0 | (5.1) | 201.2 | (9.3) | 11.6 | 15.0 | 24.3 | 1.7 | 13.6 | (0.5) | (4.7) | 11.3 | 1.5 | 23.8 | (7.5) | 5.9 | (6.7) | 0.5 | (22.1) | (63.5) | (37.5) | 6.5 | 14.8 | 14.8 | 14.8 | 14.8 |
| Investing Cash Flow | (20.8) | (361.8) | (51.3) | (146.3) | (68.5) | (100.8) | (15.7) | (130.1) | (28.0) | (69.9) | (186.0) | (110.4) | (4.7) | (193.4) | (65.1) | (52.6) | (20.1) | (55.6) | (22.3) | (64.3) | (38.9) | (58.7) | (22.9) | (22.9) | (22.9) | (22.9) |
| Financing Activities | ||||||||||||||||||||||||||
| Net Debt Issuance | (50) | 371.1 | 0.4 | 0 | 0 | 0 | 0.0 | 62.2 | 0.0 | (9.8) | 0 | 1.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (10.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.1) | (0.1) | (0.1) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | (8.7) | 0 | 0 | 0 | 0 | (0.0) | (62.2) | (0.0) | 0 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0 | 0 | (8.5) | (8.5) | (8.5) | (8.5) |
| Financing Cash Flow | (60.8) | 362.6 | 0.4 | 0 | 0 | 0 | 0.0 | 5.2 | 0.0 | (9.5) | 63.4 | 1.1 | 0 | 66.5 | 0 | 0.0 | 2.0 | 0.2 | 0 | 0.4 | 0 | 1.0 | (8.5) | (8.5) | (8.5) | (8.5) |
| Cash Position | ||||||||||||||||||||||||||
| Net Change in Cash | (13.9) | 117.3 | 0.8 | 25.1 | 19.7 | (4.0) | 6.2 | 43.1 | (7.0) | 14.9 | (2.9) | 1.4 | (3.4) | (19.8) | 18.9 | 8.3 | 0.0 | (9.5) | 15.8 | (4.1) | 0.1 | 95.5 | 6.5 | 6.5 | 6.5 | 6.5 |
| Cash at Beginning | 316.4 | 199.1 | 198.3 | 173.2 | 153.5 | 157.5 | 151.4 | 108.3 | 115.3 | 100.3 | 103.3 | 101.9 | 105.2 | 125.0 | 106.1 | 97.8 | 97.7 | 107.3 | 91.5 | 95.6 | 95.5 | 0 | 21.9 | 21.9 | 21.9 | 21.9 |
| Cash at End | 302.5 | 316.4 | 199.1 | 198.3 | 173.2 | 153.5 | 157.5 | 151.4 | 108.3 | 115.3 | 100.3 | 103.3 | 101.9 | 105.2 | 125.0 | 106.1 | 97.8 | 97.7 | 107.3 | 91.5 | 95.6 | 95.5 | 28.4 | 28.4 | 28.4 | 28.4 |
| Free Cash Flow | 65.0 | 118.2 | 52.1 | 168.9 | 85.1 | 96.6 | 20.8 | 167.6 | 18.4 | 94.0 | 116.5 | 111.9 | 0.6 | 106.6 | 82.5 | 60.6 | 18.0 | 45.5 | 37.8 | 59.1 | 38.1 | 39.3 | 10.7 | 10.7 | 10.7 | 10.7 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||
| Revenue | 476.9 | 395.7 | 385.7 | 382.2 | 320.8 | 330.5 | 304.5 | 302.0 | 277.3 | 263.9 | 249.0 | 239.2 | 212.6 | 194.6 | 189.0 | 162.0 | 142.0 | 143.5 | 145.1 | 135.2 | 129.4 | 126.1 | 112.0 | 112.0 | 112.0 | 112.0 |
| Gross Profit | 200.2 | 130.5 | 116.0 | 119.2 | 94.9 | 98.7 | 63.5 | 94.1 | 82.3 | 88.0 | 81.5 | 66.6 | 65.1 | 58.5 | 59.8 | 32.8 | 35.5 | 40.0 | 24.1 | 34.0 | 134.0 | 134.0 | 112.0 | 112.0 | 112.0 | 112.0 |
| Operating Income | 63.6 | 62.1 | 54.6 | 60.5 | 49.8 | 51.4 | 18.6 | 46.9 | 40.4 | 47.0 | 37.6 | 27.8 | 25.0 | 19.7 | 26.0 | (3.1) | 6.4 | 20.6 | 1.6 | 12.6 | 18.3 | 17.5 | (22.2) | (22.2) | (22.2) | (22.2) |
| Net Income | 49.0 | 49.7 | 43.2 | 45.9 | 38.8 | 42.1 | 14.4 | 36.7 | 31.0 | 36.8 | 29.3 | 21.7 | 19.5 | 15.6 | 20.4 | (2.4) | 5.1 | 16.3 | 1.3 | 10.0 | 6.3 | 7.7 | (18.7) | (18.7) | (18.7) | (18.7) |
| EPS (Diluted) | 1.07 | 1.09 | 1.03 | 1.10 | 0.93 | 1.01 | 0.35 | 0.89 | 0.75 | 0.90 | 0.74 | 0.57 | 0.51 | 0.42 | 0.54 | -0.06 | 0.13 | 0.13 | 0.04 | 0.27 | 0.17 | 0.21 | -0.50 | -0.50 | -0.50 | -0.50 |
| Balance Sheet | ||||||||||||||||||||||||||
| Cash & Equivalents | 219.2 | 255.9 | 168.5 | 160.1 | 136.6 | 112.9 | 121.6 | 105.6 | 73.0 | 85.1 | 65.9 | 53.7 | 67.5 | 41.2 | 45.4 | 30.7 | 31.3 | 26.2 | 42.1 | 10.5 | 10.5 | 10.5 | 15.9 | 15.9 | 15.9 | 15.9 |
| Total Assets | 6,781.1 | 6,547.5 | 4,791.9 | 4,594.0 | 4,336.4 | 4,030.6 | 3,729.5 | 3,598.9 | 3,435.5 | 3,187.1 | 2,953.4 | 2,850.7 | 2,807.2 | 2,621.3 | 2,363.4 | 2,308.4 | 1,541.8 | 1,477.5 | 2,118.2 | 529.6 | 529.6 | 529.6 | 487.2 | 487.2 | 487.2 | 487.2 |
| Total Debt | 437.2 | 486.0 | 120.0 | 119.6 | 119.6 | 119.5 | 119.5 | 119.0 | 118.9 | 118.9 | 128.7 | 128.7 | 128.7 | 128.6 | 128.6 | 128.6 | 128.6 | 128.5 | 128.5 | 32.1 | 32.1 | 32.1 | 32.1 | 32.1 | 32.1 | 32.1 |
| Stockholders' Equity | 1,267.5 | 1,224.9 | 1,009.6 | 961.4 | 899.9 | 850.7 | 794.0 | 797.5 | 723.6 | 692.3 | 661.0 | 535.4 | 522.7 | 507.1 | 421.7 | 399.8 | 426.5 | 435.6 | 426.1 | 106.5 | 106.5 | 106.5 | 75.8 | 75.8 | 75.8 | 75.8 |
| Cash Flow | ||||||||||||||||||||||||||
| Operating Cash Flow | 67.6 | 116.5 | 51.8 | 171.4 | 88.2 | 96.8 | 21.9 | 168.0 | 21.0 | 94.3 | 119.6 | 110.7 | 1.3 | 107.2 | 84.0 | 60.9 | 18.1 | 45.9 | 38.0 | 59.9 | 38.9 | 39.6 | 11.2 | 11.2 | 11.2 | 11.2 |
| Capital Expenditure | (2.6) | 1.7 | 0.3 | (2.5) | (3.1) | (0.2) | (1.1) | (0.4) | (2.5) | (0.3) | (3.1) | 1.2 | (0.6) | (0.6) | (1.5) | (0.3) | (0.1) | (0.4) | (0.2) | (0.8) | (0.8) | (0.3) | (0.5) | (0.5) | (0.5) | (0.5) |
| Free Cash Flow | 65.0 | 118.2 | 52.1 | 168.9 | 85.1 | 96.6 | 20.8 | 167.6 | 18.4 | 94.0 | 116.5 | 111.9 | 0.6 | 106.6 | 82.5 | 60.6 | 18.0 | 45.5 | 37.8 | 59.1 | 38.1 | 39.3 | 10.7 | 10.7 | 10.7 | 10.7 |