Kingsway vs Mbia
Kingsway is the larger business, with $135m of revenue in fiscal 2025 against $80.0m for Mbia (1.7 times as much). Mbia grew faster (90.5% against 23.4%). Kingsway kept more of each dollar of sales as profit: a net margin of -8.8% against -221.3%.
| Latest fiscal year | KingswayKWY, 2025 | MbiaMBI, 2025 |
|---|---|---|
| Revenue | $135m | $80.0m |
| Revenue growth | 23.4% | 90.5% |
| Net income | −$11.9m | −$177m |
| Operating margin | -1.8% | — |
| Net margin | -8.8% | -221.3% |
| Return on equity | -101.1% | — |
| Free cash flow | −$3,000 | $38.0m |
| Cash | $8.3m | $71.0m |
| Total debt | $70.7m | $2.84bn |
| Debt to equity | 466.2% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $345,000 | $7.0m |
| Employees | — | — |
| Market value | $286m | $225m |
| Price vs our value range | — | — |
| Moat score | 28 (Weak) | 40 (Weak) |
| Insider trades, 12 months | 52 buys, 14 sales | 0 buys, 0 sales |