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

MBINN has the lower trailing P/E: MBINN trades at 3.80 and SKWD at 13.17. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MBINN or SKWD?

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

Does MBINN or SKWD pay a bigger dividend?

MBINN pays a dividend (7.92% yield), while SKWD has no payments in the available dividend history.

Is MBINN or SKWD more profitable?

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

Merchants Bancorp (MBINN) 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.

MBINN

Merchants Bancorp

$2.39B

$18.90Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

SKWD

Skyward Specialty Insurance Group, Inc.

$2.29B

$56.49Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — MBINN vs SKWD

growth of $100 · dividends reinvested · last 4y

MBINN +14.4% (+3.4%/yr)SKWD +189.0% (+30.4%/yr)SKWD compounded faster over this window

MBINN SKWD

MBINN vs SKWD: by the numbers

•MBINN is the larger company ($2.39B vs $2.29B market cap).
•MBINN trades at the lower trailing earnings multiple (3.80 vs 13.17 P/E), one valuation lens rather than an overall verdict.
•MBINN 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).
•MBINN pays a dividend (7.92% yield), while SKWD has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	MBINN	SKWD
P/E ratio	3.80	13.17
Forward P/E	3.39	11.24
P/S ratio	1.82	1.40
P/B ratio	1.30	1.81

Profitability

Metric	MBINN	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	MBINN	SKWD
Dividend yield	7.92%	N/A
Payout ratio	30.12%	N/A

Growth (annualized)

Metric	MBINN	SKWD
Revenue CAGR (5Y)	23.60%	27.90%
EPS CAGR (5Y)	-0.37%	N/A
Total return CAGR (5Y)	0.54%	N/A

Frequently asked

Which has the lower trailing P/E, MBINN or SKWD?: MBINN has the lower trailing P/E: MBINN trades at 3.80 and SKWD at 13.17. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MBINN or SKWD?: Over the past five years, SKWD grew revenue faster — MBINN at a 23.60% CAGR versus SKWD at 27.90%.
Does MBINN or SKWD pay a bigger dividend?: MBINN pays a dividend (7.92% yield), while SKWD has no payments in the available dividend history.
Is MBINN or SKWD more profitable?: MBINN runs the higher net margin — MBINN at 20.51% versus SKWD at 11.45%.

Go deeper

Full MBINN 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.