BOW Bowhead Specialty Holdings Inc.

XNYS
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

BOW — —
Key stats
About
Industry (SIC)
FIRE, MARINE & CASUALTY INSURANCE (6331) · industry map
Exchange
XNYS
Market Cap
$1.1B
Employees
296
List Date
2024-05-23
CIK
0002002473
Next Earnings
2026-11-03 (Pre-Market)
EPS Forecast
$0.51 (4 est.)
Headquarters
New York, NY
Homepage
https://www.bowheadspecialty.com

Bowhead Specialty Holdings Inc offers commercial specialty property and casualty insurance products. The company offers underwriting solutions to various businesses across four underwriting divisions, which include Casualty, Professional Liability, Healthcare Liability, and Baleen Specialty. A majority of its revenue is generated from the Casualty division, which specializes in general liability coverage, which protects a company against liability arising from bodily injury, personal injury, or property damage, for risks in the construction, distribution, heavy manufacturing, real estate, publ…

Summary
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composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'24'25'26Avg
Jan---5.85%-10.46%-8.16%
Feb--3.45%0.92%2.19%
Mar--17.52%-12.28%2.62%
Apr---1.98%6.68%2.35%
May12.61%-6.75%9.46%5.11%
Jun-4.88%-0.21%15.34%3.42%
Jul11.67%-11.52%-1.86%-0.57%
Aug13.86%-2.69%-0.50%3.56%
Sep-8.73%-13.78%0.48%-7.34%
Oct-0.61%-4.12%1.15%*-1.19%
Nov25.39%14.37%--19.88%
Dec-2.44%5.90%--1.73%
Total51.13%-10.00%5.96%15.70%
* Only 3 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $33.90
SMA 50: $33.72
SMA 200: $28.13
Current: $34.19
EMA 12: $33.98
EMA 26: $33.83
MACD: 0.1531 | Signal: -0.0041
BULLISH
ADX (14): 51.51
STRONG TREND
+DI: 32.61
−DI: 8.16

Momentum Oscillators

RSI (14): 70.59
OVERBOUGHT
Stoch %K: 56.02
Stoch %D: 50.31
Williams %R: -26.39

Volume & Volatility

BB Upper: $34.16
BB Lower: $33.64
OVERBOUGHT
OBV: 10,075,330
Vol SMA 20: 247,965
Vol ROC: -4.94%
ATR: $0.19
True Range: $0.19
HV 20: 3.8%
HV 30: 3.2%
HV 60: 25.7%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis

LLM Stock Analysis Report: BOW

Executive Summary

Overall Assessment: NEUTRAL with confidence level 6/10 Key Drivers: Recent trading range bound, MACD bearish signal, RSI neutral Primary Risks: Low volatility, recent news sentiment unclear Investment Thesis: The stock is stuck in a trading range, and the absence of significant market-moving news or technical signals makes it difficult to form a strong opinion on its future direction. Recent News Sentiment Impact: No recent news available

Technical Analysis

Trend Direction:

  • Short-term (1-4 weeks): Consolidation
  • Medium-term (1-3 months): Trading range bound
  • Long-term (3-12 months): Uptrend

Support/Resistance Levels:

  • Key price levels from moving averages and technical patterns: $23.38 (lower Bollinger Band), $25.16 (SMA 20), $26.87 (SMA 50)

Momentum Signals:

  • RSI interpretation: Neutral (51.80)
  • MACD signal: Bearish (-0.45 / Signal: 0.26 / Histogram: -0.70)
  • Bollinger Bands position: Neutral

Volume Analysis:

  • Volume trends and institutional interest signals:
    • Volume SMA 20: 248518.70
    • On-Balance Volume (OBV): -213965.00
    • Volume Rate of Change: 48.38%

News & Sentiment Analysis

Recent Headlines Summary: No recent news available

Sentiment Assessment: Neutral

Catalyst Identification: None

Market Narrative: The stock's trading range bound nature, combined with the absence of significant market-moving news or technical signals, suggests a lack of directional momentum.

Risk & Volatility Assessment

Risk Metrics:

  • Beta: 0.45 (vs SPY) - low risk relative to market
  • Alpha: -0.19 - underperforming
  • Correlation: 0.25 - weak correlation with market

Volatility Regime: Low volatility - stock moves less than market

Options Market Signals: No options data available

Downside Protection:

  • Support levels and risk management considerations: $23.38 (lower Bollinger Band), $25.16 (SMA 20)

Market Context & Positioning

Sector Performance: Relative strength vs sector/market: Neutral

Institutional Activity: Volume patterns suggesting institutional interest: None

Correlation Analysis: How stock moves relative to market (R-squared interpretation): Weak correlation

Relative Valuation: Position within trading range: Consolidation

Key Levels & Action Items

Critical Price Levels:

  • Support/resistance to monitor: $23.38 (lower Bollinger Band), $25.16 (SMA 20)

Breakout/Breakdown Levels:

  • Technical levels that could trigger significant moves: None

Time-Sensitive Catalysts:

  • Earnings dates, FDA approvals, product launches: None

Risk Management:

  • Stop-loss levels and position sizing considerations: None

Additional Notes

The stock's recent trading range bound nature, combined with the absence of significant market-moving news or technical signals, makes it difficult to form a strong opinion on its future direction. The low volatility and beta suggest a relatively stable stock, but the bearish MACD signal could indicate potential downside risk. A wait-and-see approach may be warranted until more directional momentum emerges.

Please provide your next prompt by entering a new set of structured data for the next analysis.

Generated
Earnings History
1 of 1 under expected move
Avg Expected Move
—
Avg Actual Move
0.62%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2026-08-04 unknown — 0.62% — Within

Earnings calendar: this week’s reports with expected vs actual moves →

BOW Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.0127
Alpha: 36.83%
Correlation: 0.0047
R-Squared: 0.0%
Stock Volatility: 34.4%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own BOW
4 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Citadel Hedge fund
Ken Griffin
$2.2M
0.00%
#2833 of 6285-64.4%13F
Millennium Management Hedge fund
Izzy Englander
$1.8M
0.00%
#2642 of 3716-67.8%13F
Renaissance Technologies Hedge fund
Jim Simons
$1.4M
0.00%
#2145 of 3138-9.9%13F
Point72 Hedge fund
Steve Cohen
$447K
0.00%
#1656 of 1945+11.3%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

BOW Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

179 filers32,128,838 shares$959.22M value
# Filer Shares Value % of Total % of Float Period
1 Gallatin Point Capital LLC 8,968,445 $268.43M 27.98% — 2026-06-30
2 American Family Investments, Inc. 4,700,761 $140.69M 14.67% — 2026-06-30
3 American Century Companies, Inc. 2,081,072 $62.29M 6.49% — 2026-06-30
4 Victory Capital Management Inc. 1,729,490 $51.76M 5.40% — 2026-06-30
5 BlackRock, Inc. Custodian 1,552,167 $46.46M 4.84% — 2026-06-30
6 Polar Capital Holdings Plc 1,500,000 $44.90M 4.68% — 2026-06-30
7 Vanguard Group Inc Custodian 1,409,544 $40.23M 4.19% — 2025-12-31
8 Vanguard Capital Management LLC 834,303 $24.97M 2.60% — 2026-06-30
9 SILVERCREST ASSET MANAGEMENT GROUP LLC 551,821 $16.52M 1.72% — 2026-06-30
10 Geode Capital Management, LLC Custodian 455,139 $13.63M 1.42% — 2026-06-30
11 Morgan Stanley Custodian 436,205 $13.06M 1.36% — 2026-06-30
12 State Street Corp 427,643 $12.80M 1.33% — 2026-06-30
13 Schroder Investment Management Group 418,809 $12.57M 1.31% — 2026-06-30
14 Two Sigma Investments, LP Custodian 415,153 $12.43M 1.30% — 2026-06-30
15 Vanguard Portfolio Management LLC 350,807 $10.50M 1.09% — 2026-06-30
16 WASATCH ADVISORS LP 348,437 $10.43M 1.09% — 2026-06-30
17 Dimensional Fund Advisors LP Custodian 304,318 $9.11M 0.95% — 2026-06-30
18 DAVENPORT & Co LLC 294,801 $8.85M 0.92% — 2026-06-30
19 Qube Research & Technologies Ltd 251,475 $7.53M 0.78% — 2026-06-30
20 T. Rowe Price Associates, Inc. 204,489 $6.12M 0.64% — 2026-06-30
21 GW&K Investment Management, LLC 194,670 $5.83M 0.61% — 2026-06-30
22 Cubist Systematic Strategies, LLC 201,873 $5.46M 0.57% — 2025-09-30
23 Gillson Capital LP 175,236 $5.25M 0.55% — 2026-06-30
24 AQR Capital Management, LLC Custodian 171,075 $5.12M 0.53% — 2026-06-30
25 Nuveen, LLC Custodian 169,658 $5.08M 0.53% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

BOW Insider Trading (Form 4)

Latest: 2026-05-27
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-05-27 Brad Mulcahey CFO and Treasurer Tax (F) −1,027 $28.30 -$29.1K EDGAR
2026-05-27 David John Newman Chief Underwriting Officer Tax (F) −2,118 $28.30 -$59.9K EDGAR
2026-05-27 Shirley Shek Li Yap Chief Accounting Officer Tax (F) −2,353 $28.30 -$66.6K EDGAR
2026-05-27 Shirley Shek Li Yap Chief Accounting Officer Tax (F) −679 $23.80 -$16.2K EDGAR
2026-05-27 Stephen Jay Sills CEO and President Tax (F) −13,053 $28.46 -$371.5K EDGAR
2026-05-26 David John Newman Chief Underwriting Officer Tax (F) −4,506 $28.30 -$127.5K EDGAR
2026-05-26 Brad Mulcahey CFO and Treasurer Tax (F) −3,506 $28.30 -$99.2K EDGAR
2026-05-26 Stephen Jay Sills CEO and President Tax (F) −24,353 $28.46 -$693.1K EDGAR
2026-05-04 Tom Baker Director Award (A) +3,361 — EDGAR
2026-05-04 Angela Brock-Kyle Director Award (A) +6,722 — EDGAR
2026-05-04 David Thomas Foy Director Award (A) +3,361 — EDGAR
2026-05-04 Fabian Fondriest Director Award (A) +6,722 — EDGAR
2026-05-04 Price Lowenstein Director Award (A) +3,361 — EDGAR
2026-05-04 David Clifford Holman Director Award (A) +3,361 — EDGAR
2026-05-04 Ava Schnidman Director Award (A) +3,361 — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

BOW Insider Holdings

15 insiders · @ $34.19
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Gallatin Point Capital LLC Director 10,968,445 $375.01M -$352.13M 1 2024-10-29
2 AMERICAN FAMILY MUTUAL INSURANCE COMPANY, S.I. Director 10,761,842 $367.95M -$37.73M 4 2024-10-29
3 Matthew Botein Director 8,968,445 $306.63M -$149.35M 3 2025-08-08
4 GPC Partners Investments (SPV III) LP Director 8,968,445 $306.63M -$245.28M 1 2025-08-08
5 Stephen Jay Sills CEO and President 891,597 $30.48M $1.00M 12 2026-05-27
6 David John Newman Chief Underwriting Officer 295,077 $10.09M $546.0K 6 2026-05-27
7 Brad Mulcahey CFO and Treasurer 135,300 $4.63M $0 5 2026-05-27
8 Shirley Shek Li Yap Chief Accounting Officer 82,879 $2.83M $54.4K 6 2026-05-27
9 Fabian Fondriest Director 49,818 $1.70M $204.0K 3 2026-05-04
10 Angela Brock-Kyle Director 43,495 $1.49M $0 3 2026-05-04
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
43 ETFs hold BOW
25 shown · $73.63M total exposure · 0.01% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $20.9M — 2026-09-30
2 IWM iShares Russell 2000 ETF iShares (BlackRock) 0.02% $16.4M $75.2B 2026-10-15
3 AVUV Avantis U.S. Small Cap Value ETF Avantis 0.03% $9.7M $31.2B 2026-10-15
4 VXF Vanguard Extended Market ETF Vanguard 0.01% $6.5M — 2026-09-30
5 IWN iShares Russell 2000 Value ETF iShares (BlackRock) 0.04% $5.8M $13.6B 2026-10-15
6 VTWO Vanguard Russell 2000 ETF Vanguard 0.02% $3.6M — 2026-09-30
7 SCHA Schwab U.S. Small-Cap ETF Nport 0.01% $2.2M — 2026-05-31
8 BSVO EA Bridgeway Omni Small-Cap Value ETF Nport 0.09% $2.1M — 2026-06-30
9 AVSC Avantis U.S. Small Cap Equity ETF Avantis 0.04% $1.3M $3.1B 2026-10-15
10 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.00% $1.1M $96.0B 2026-10-15
11 VFH Vanguard Financials ETF Vanguard 0.01% $958,190 — 2026-09-30
12 VTWV Vanguard Russell 2000 Value ETF Vanguard 0.04% $571,084 — 2026-09-30
13 RSSL Global X Russell 2000 ETF Global X 0.02% $301,125 — 2026-10-15
14 SCHB Schwab U.S. Broad Market ETF Nport 0.00% $292,367 — 2026-05-31
15 IAK iShares U.S. Insurance ETF iShares (BlackRock) 0.07% $291,126 $451.9M 2026-10-15
16 AVUS Avantis U.S. Equity ETF Avantis 0.00% $282,419 $14.8B 2026-10-15
17 PRFZ Invesco RAFI US 1500 Small-Mid ETF Nport 0.01% $267,785 — 2026-07-31
18 EES WisdomTree U.S. SmallCap Fund Nport 0.03% $248,060 — 2026-06-30
19 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.00% $173,349 — 2026-10-15
20 FNCL Fidelity MSCI Financials Index ETF Fidelity 0.01% $172,601 $2.2B 2026-10-14
21 RUSC Russell Investments U.S. Small Cap Equity ETF Nport 0.20% $159,976 — 2026-06-30
22 ISCG iShares Morningstar Small-Cap Growth ETF iShares (BlackRock) 0.02% $157,024 $932.0M 2026-10-15
23 IWV iShares Russell 3000 ETF iShares (BlackRock) 0.00% $155,154 $20.3B 2026-10-15
24 TILT FlexShares Morningstar US Market Factor Tilt Index Fund Nport 0.01% $120,830 — 2026-07-31
25 WSML iShares MSCI World Small-Cap ETF iShares (BlackRock) 0.01% $62,408 $652.2M 2026-10-15
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.