Slide Insurance Holdings vs Trupanion
Trupanion is the larger business, with $1.44bn of revenue in fiscal 2025 against $1.16bn for Slide Insurance Holdings (1.2 times as much). Slide Insurance Holdings grew faster (36.5% against 11.9%). Slide Insurance Holdings kept more of each dollar of sales as profit: a net margin of 38.4% against 1.4%. Slide Insurance Holdings carries less debt relative to equity (3.3% against 29.1%).
| Latest fiscal year | Slide Insurance HoldingsSLDE, 2025 | TrupanionTRUP, 2025 |
|---|---|---|
| Revenue | $1.16bn | $1.44bn |
| Revenue growth | 36.5% | 11.9% |
| Net income | $444m | $19.4m |
| Operating margin | — | 1.0% |
| Net margin | 38.4% | 1.4% |
| Return on equity | 57.4% | 5.5% |
| Free cash flow | $795m | $75.4m |
| Cash | $1.20bn | $138m |
| Total debt | $36.5m | $112m |
| Debt to equity | 3.3% | 29.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $40.0m | — |
| Employees | 504 | 1,121 |
| Market value | $3.25bn | $1.37bn |
| Price vs our value range | — | — |
| Moat score | — | 37 (Weak) |
| Insider trades, 12 months | 0 buys, 123 sales | 0 buys, 30 sales |