JPM
JPMorgan Chase & Co.
JPM has lower modeled downside risk, despite its lower overall score.
SKWD
Skyward Specialty Insurance Group, Inc.
SKWD has a slight edge over JPM overall, supported by stronger valuation.
JPM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
JPM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like JPM.
SKWD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
SKWD's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SKWD.
JPM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $231 | -33% |
| Fair | 12x | $287 | -16% |
| Current | 14x | $343 | — |
| Forward | 14x | $343 | — |
| Expensive | 15x | $361 | +5.2% |
Historical ranges are pointers, not guarantees.
JPM's PE is in its expensive range at 14.4x. If earnings grow as analysts expect, today's price would be 13.7x next year's earnings.
SKWD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $62.67 | — |
| Cheap | 13x | $56.39 | -10% |
| Fair | 15x | $63.66 | +1.6% |
| Current | 15x | $62.67 | — |
| Expensive | 18x | $78.45 | +25% |
Historical ranges are pointers, not guarantees.
SKWD has the edge over JPM in the historical PE scenario, which offers more potential upside but is not a forecast.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
SKWD Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for SKWD, with profitability holding steady.
JPM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.99 | +4.8% |
| Q3 2026 | $23.85 | +18% |
| Q2 2026 | $23.35 | +20% |
| Q1 2026 | $20.89 | +2.5% |
| Q4 2025 | $20.02 | +1.4% |
| Q3 2025 | $20.20 | +12% |
| Q2 2025 | $19.50 | +8.7% |
| Q1 2025 | $20.38 | +23% |
| Q4 2024 | $19.75 | +22% |
JPM's earnings per share have climbed steadily: $23.85 over the past year, up 18% from the year before, and higher year over year for 15 quarters in a row.
SKWD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.32 | +24% |
| Q3 2026 | $4.28 | +27% |
| Q2 2026 | $4.29 | +36% |
| Q1 2026 | $4.15 | +39% |
| Q4 2025 | $4.07 | +42% |
| Q3 2025 | $3.37 | +2.7% |
| Q2 2025 | $3.16 | +6.8% |
| Q1 2025 | $2.98 | +9.6% |
| Q4 2024 | $2.87 | +28% |
SKWD has the edge over JPM on earnings, with stronger typical year-over-year growth.
JPM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $50.2B | +8.1% |
| Q2 2026 | $57.3B | +28% |
| Q1 2026 | $49.8B | +10% |
| Q4 2025 | $45.8B | +7.1% |
| Q3 2025 | $46.4B | +8.8% |
| Q2 2025 | $44.9B | -11% |
| Q1 2025 | $45.3B | +8.1% |
| Q4 2024 | $42.8B | +11% |
JPM's revenue has grown year over year for five quarters in a row: $50.2B last quarter, up 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | -0.2 points |
| Q2 2026 | 48% | +7.3 points |
| Q1 2026 | 41% | +0.5 points |
| Q4 2025 | 37% | -3.2 points |
| Q3 2025 | 40% | +0.6 points |
| Q2 2025 | 41% | -6 points |
| Q1 2025 | 41% | -0.6 points |
| Q4 2024 | 41% | +11 points |
JPM has the edge over SKWD on profitability, with a higher operating margin.
SKWD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $455.3M | +19% |
| Q2 2026 | $489.5M | +53% |
| Q1 2026 | $475.9M | +45% |
| Q4 2025 | $385.6M | +27% |
| Q3 2025 | $382.5M | +27% |
| Q2 2025 | $319.9M | +14% |
| Q1 2025 | $328.5M | +24% |
| Q4 2024 | $304.4M | +24% |
SKWD has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -1.8 points |
| Q2 2026 | 13% | -2.6 points |
| Q1 2026 | 13% | -2.6 points |
| Q4 2025 | 14% | +8.1 points |
| Q3 2025 | 16% | +0.3 points |
| Q2 2025 | 16% | +1.2 points |
| Q1 2025 | 16% | -2.1 points |
| Q4 2024 | 6.1% | -9.2 points |
SKWD's operating margin was 14% last quarter, down 1.8 points from the same quarter a year ago.
JPM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33.2B | +$78.4B |
| Q2 2026 | -$25.3B | -186% |
| Q1 2026 | -$211.8B | +$40.1B |
| Q4 2025 | $119.7B | -19% |
| Q3 2025 | -$45.2B | +$28.9B |
| Q2 2025 | $29.5B | -23% |
| Q1 2025 | -$251.8B | -$97.7B |
| Q4 2024 | $147.8B | +145% |
SKWD has the stronger cash trend. Its trailing FCF is up 76% versus its history, compared with JPM at down 229%.
SKWD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | $50.1M | +140% |
| Q3 2025 | $168.9M | +0.8% |
| Q2 2025 | $87.1M | +372% |
| Q1 2025 | $96.6M | +2.7% |
| Q3 2024 | $167.6M | +52% |
| Q2 2024 | $18.4M | +2589% |
| Q1 2024 | $94M | -12% |
| Q3 2023 | $110.1M | +82% |
SKWD's free cash flow was $403M over the past year, up 34% from the year before. Free cash flow isn't a meaningful measure for financial services companies like SKWD.
JPM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -11.2M shares |
| 1 year | -3.1% | -84.6M shares |
| 3 years | -8.5% | -249M shares |
| 5 years | -11% | -322M shares |
| Available history | -17% | -547M shares |
JPM has the edge over SKWD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1B |
| Q2 2026 | $6.8B |
| Q1 2026 | $8.3B |
| Q4 2025 | $8.3B |
| Q3 2025 | $8.3B |
| Q2 2025 | $7.5B |
| Q1 2025 | $7.5B |
| Q4 2024 | $4.3B |
JPM spent $24.5B buying back its own shares over the past year, down 11% from the year before.
SKWD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +107K shares |
| 1 year | +9.4% | +3.9M shares |
| 3 years | +19% | +7.4M shares |
| 5 years | +26% | +9.5M shares |
| Available history | +22% | +8.2M shares |
SKWD has 46M diluted shares, up 9.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $125,000 |
| Q2 2026 | $10.8M |
| Q1 2026 | $8.7M |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
JPM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
JPM's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like JPM.
SKWD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | 1.4x | Healthy |
| Q3 2022 | 3.0x | Elevated |
| Q2 2022 | 0.7x | Very low |
| Q1 2022 | 0.6x | Very low |
| Q4 2021 | 1.6x | Healthy |
| Q3 2021 | 0.7x | Very low |
SKWD's net debt is about 1.4 years of its operating earnings (EBITDA), down from 1.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like SKWD.
JPM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.8 | Neutral |
| Stochastic | 31.5 | Neutral |
JPM's weekly RSI is 55 (neutral) and its Stochastic is 31 (neutral).
SKWD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.2 | Neutral |
| Stochastic | 64.5 | Neutral |
SKWD's weekly RSI is 63 (neutral) and its Stochastic is 64 (neutral).
JPM PE vs Financial Services Sector
| Metric | JPM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 10% above |
| PE % | 76 | 63 | 13 pts above |
JPM has the edge over SKWD on valuation relative to its sector.
SKWD PE vs Financial Services Sector
| Metric | SKWD | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 12% above |
| PE % | 43 | 53 | 10 pts below |
SKWD is trading at 15x earnings, a 12% premium to the Financial Services sector's median of 13x.
JPM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $336.8 | 1.8% above |
| 20 week MA | $345.3 | 0.7% below |
| 50 week MA | $323.2 | 6.1% above |
| 100 week MA | $298.9 | 15% above |
| 200 week MA | $236.6 | 45% above |
JPM's trend is mixed: it's above four of its five weekly moving averages, and 45% above its 200-week average.
SKWD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $59.0 | 6.3% above |
| 20 week MA | $59.1 | 6.1% above |
| 50 week MA | $51.8 | 21% above |
| 100 week MA | $51.4 | 22% above |
| 200 week MA | $41.7 | 50% above |
SKWD has the edge over JPM on trend strength, trading above more of its moving averages.
JPM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $139.1 | $124.5 | -11% |
| 2021 | $124.5 | $157.3 | +26% |
| 2022 | $157.3 | $131.3 | -17% |
| 2023 | $131.3 | $170.1 | +30% |
| 2024 | $170.1 | $241.2 | +42% |
| 2025 | $241.2 | $327.9 | +36% |
| 2026 YTD | $327.9 | $342.8 | +4.5% |
JPM has finished higher in four of the last six years. It's up 4.5% so far in 2026.
SKWD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $19.1 | $33.9 | +77% |
| 2024 | $33.9 | $50.8 | +50% |
| 2025 | $50.8 | $51.9 | +2.1% |
| 2026 YTD | $51.9 | $62.7 | +21% |
SKWD has the edge over JPM on returns for 2026, with the stronger performance.