COMP <GO>
KWY vs NODK // GROSS PROFIT MARGIN
Kingsway Corporation (NYSE) VS. NI Holdings Inc. (NASDAQ) • 15-METRIC TALLY: KWY 5
— NODK 3
■ METRIC PARITY
LAST: $9.62 (-0.41%) • MKT CAP: $278.3M
gross-margins
—
LAST: $15.12 (+1.55%) • MKT CAP: $308.5M
gross-margins
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (KWY VS. NODK)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | KWY | NODK | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin ACTIVE | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -13.60% | -4.30% | -9.30 | NODK | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 0.00% | -5.02% | +5.02 | KWY | /fcf-yield <GO> |
| Operating Margin | -1.80% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 0.00% | -3.70% | +3.70 | KWY | /net-margins <GO> |
| Revenue Growth (YoY) | 23.40% | -12.30% | +35.70 | KWY | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 2.18% | -2.18 | NODK | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 2/9 | 1/9 | +1.00 | KWY | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 55.3 | 52.4 | +2.90 | KWY | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $278.3M | $308.5M | -$30.2M | NODK | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | KWY REV | NODK REV | KWY GROSS % | NODK GROSS % | KWY FCF | NODK FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $135.0M | $285.1M | — | — | -$3.0K | -$15.5M |
| FY 2024 | $109.4M | $325.2M | — | — | $1.1M | $37.5M |
| FY 2023 | $103.2M | $304.0M | — | — | -$26.2M | $51.0M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
KWY // BETA —
NODK // BETA —