Filing Flows › Comparisons › ARX vs CRD-A
Accelerant vs Crawford: ARX and CRD-A compared
Accelerant is the larger company: $357M of revenue in its latest quarter (Q2 2026) against $330M for Crawford (Q3 2026). Accelerant is growing faster (+63% against -0.9% a year earlier). Accelerant is more profitable, with an operating margin of 24.5% against 7.3%.
Where the money goes: ARX and CRD-A
Accelerant (ARX) · Q2 2026
Accelerant, Q2 2026: revenue $357M (+63% year over year), operating margin 24.5%, net earnings $78.7M, operating cash flow −$68.6M. The chart follows the revenue to costs, profit and cash.
Crawford (CRD-A) · Q3 2026
Crawford, Q3 2026: revenue $330M (-0.9% year over year), operating margin 7.3%, net earnings $15.0M, operating cash flow $5.8M. The chart follows the revenue to costs, profit and cash.
| Accelerant (ARX) | Crawford (CRD-A) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $357M | $330M |
| Revenue growth, Y/Y | +63% | -0.9% |
| Operating margin | 24.5% | 7.3% |
| Net earnings | $78.7M | $15.0M |
| Net margin | 22.1% | 4.5% |
| Operating cash flow | −$68.6M | $5.8M |
| Free cash flow | — | $5.0M |
| Market value | $4.4B | $655M |
| P/E | — | 25.1× |
| Analysts’ mean target | $20.25 | $15.00 |
Where the revenue comes from
Crawford
- Service: $322M (97%)
- Reimbursements: $8.3M (3%)
Questions
Which is bigger, Accelerant or Crawford?
Accelerant is the larger company: $357M of revenue in its latest quarter (Q2 2026) against $330M for Crawford (Q3 2026).
Is Accelerant or Crawford growing faster?
Accelerant is growing faster (+63% against -0.9% a year earlier).
Which is more profitable, Accelerant or Crawford?
Accelerant is more profitable, with an operating margin of 24.5% against 7.3%.
More: Accelerant earnings · how Accelerant makes money · Crawford earnings · how Crawford makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.