Which has the lower trailing P/E, MBINL or SKWD?

MBINL has the lower trailing P/E: MBINL trades at 4.65 and SKWD at 12.97. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MBINL or SKWD?

Over the past five years, SKWD grew revenue faster — MBINL at a 23.60% CAGR versus SKWD at 27.90%.

Does MBINL or SKWD pay a bigger dividend?

MBINL pays a dividend (8.34% yield), while SKWD has no payments in the available dividend history.

Is MBINL or SKWD more profitable?

MBINL runs the higher net margin — MBINL at 20.51% versus SKWD at 11.45%.

Merchants Bancorp (MBINL) vs Skyward Specialty Insurance Group, Inc. (SKWD)

A side-by-side comparison of Merchants Bancorp and Skyward Specialty Insurance Group, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

MBINL

Merchants Bancorp

$2.37B

$23.14Financial ServicesDelayed quote: Oct 6, 2026, 1:55 PM EDT

SKWD

Skyward Specialty Insurance Group, Inc.

$2.26B

$55.64Financial ServicesDelayed quote: Oct 6, 2026, 1:55 PM EDT

Total return — MBINL vs SKWD

growth of $100 · dividends reinvested · last 2y

MBINL +6.6% (+3.3%/yr)SKWD +7.5% (+3.7%/yr)SKWD compounded faster over this window

MBINL SKWD

MBINL vs SKWD: by the numbers

•MBINL is the larger company ($2.37B vs $2.26B market cap).
•MBINL trades at the lower trailing earnings multiple (4.65 vs 12.97 P/E), one valuation lens rather than an overall verdict.
•MBINL converts more revenue to profit (20.51% vs 11.45% net margin).
•SKWD grew revenue faster over the past five years (27.90% vs 23.60% CAGR).
•MBINL pays a dividend (8.34% yield), while SKWD has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	MBINL	SKWD
P/E ratio	4.65	12.97
Forward P/E	4.15	11.07
P/S ratio	1.81	1.37
P/B ratio	1.29	1.78

Profitability

Metric	MBINL	SKWD
Operating margin	21.15%	14.68%
Net margin	20.51%	11.45%
ROE	11.22%	14.82%

Merchants Bancorp: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Skyward Specialty Insurance Group, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	MBINL	SKWD
Dividend yield	8.34%	N/A
Payout ratio	38.31%	N/A

Growth (annualized)

Metric	MBINL	SKWD
Revenue CAGR (5Y)	23.60%	27.90%
EPS CAGR (5Y)	-0.37%	N/A

Frequently asked

Which has the lower trailing P/E, MBINL or SKWD?: MBINL has the lower trailing P/E: MBINL trades at 4.65 and SKWD at 12.97. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MBINL or SKWD?: Over the past five years, SKWD grew revenue faster — MBINL at a 23.60% CAGR versus SKWD at 27.90%.
Does MBINL or SKWD pay a bigger dividend?: MBINL pays a dividend (8.34% yield), while SKWD has no payments in the available dividend history.
Is MBINL or SKWD more profitable?: MBINL runs the higher net margin — MBINL at 20.51% versus SKWD at 11.45%.

Go deeper

Full MBINL analysis Full SKWD analysis Interactive comparison tool

Dig into the metrics

Merchants Bancorp P/E ratio Skyward Specialty Insurance P/E ratio Merchants Bancorp dividend yield Merchants Bancorp ROE Skyward Specialty Insurance ROE Merchants Bancorp operating margin Skyward Specialty Insurance operating margin Merchants Bancorp revenue growth Skyward Specialty Insurance revenue growth

Merchants Bancorp & Skyward Specialty Insurance appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.