HCI

MKT CAP:$2B

HCI Group, Inc.

Market Cap

$2B

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NYSE

Financials·Insurance·🇺🇸·NYSE

Stock Price

$156.84-$27.05 (-14.71%)

Apr 24, 2026

Company Details

HCI Group, Inc., together with its subsidiaries, engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fir...

CEO

Pareshbhai Suryakant Patel

IPO Date

Sep 15, 2008

Website

hcigroup.com

Key Metrics TTM

Revenue

$796M

+188.3% YoY

Net Income

$170M

EPS (Diluted)

$13.43

Free Cash Flow

$372M

Revenue / Share

$61.80

Gross Margin

45.1%

Operating Margin

31.9%

Net Margin

21.4%

FCF Margin

46.7%

P/S

2.5x

P/E

11.9x

Earnings Reports

Q3 2025

May 14, 2026

PENDING

Q2 2025

Aug 8, 2025

$222M+7.6%EPS $5.18

FY 2024

Feb 28, 2025

$749MEPS $8.89

Q4 2024

Feb 28, 2025

$161MEPS $0.20

Q2 2024

Aug 9, 2024

$206MEPS $4.24

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 18	$58M	$29M	$15M
Q2 18	$59M	$27M	$12M
Q3 18	$62M	$26M	$12M
Q4 18	$53M	$1M	-$11M
Q1 19	$61M	$24M	$9M
Q2 19	$59M	$24M	$10M
Q3 19	$60M	$22M	$8M
Q4 19	$63M	$23M	$9M
Q1 20	$59M	$19M	$657.0K
Q2 20	$81M	$28M	$12M
Q3 20	$66M	$504.0K	$22M
Q4 20	$70M	$15M	$3M
Q1 24	$206M	$104M	$77M
Q2 24	$206M	$105M	$76M
Q4 24	$161M	$23M	$6M
Q2 25	$222M	$127M	$94M

Valuation

Quarter	P/S	P/E
Q1 18	1.3x	—
Q2 18	1.4x	—
Q3 18	1.4x	8.9x
Q4 18	1.7x	22.2x
Q1 19	1.4x	23.8x
Q2 19	1.3x	20.8x
Q3 19	1.3x	26.6x
Q4 19	1.4x	12.7x
Q1 20	1.2x	14.1x
Q2 20	1.3x	15.3x
Q3 20	1.4x	11.9x
Q4 20	1.4x	13.8x
Q1 24	2.7x	15.5x
Q2 24	1.7x	7.7x
Q4 24	1.8x	10.8x
Q2 25	2.2x	10.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	-$15M	-$15M
Q2 18	$42M	$41M
Q3 18	$2M	$1M
Q4 18	-$854.0K	-$1M
Q1 19	$11M	$10M
Q2 19	$18M	$18M
Q3 19	$9M	$8M
Q4 19	$16M	$15M
Q1 20	$55M	$55M
Q2 20	$55M	$50M
Q3 20	-$32M	-$33M
Q4 20	-$219.0K	-$728.0K
Q1 24	$182M	$181M
Q2 24	-$27M	-$28M
Q4 24	$75M	$74M
Q2 25	$145M	$145M

Capital Expenditures

Quarter	CapEx
Q1 18	$471.0K
Q2 18	$983.0K
Q3 18	$609.0K
Q4 18	$533.0K
Q1 19	$634.0K
Q2 19	$679.0K
Q3 19	$853.0K
Q4 19	$721.0K
Q1 20	$353.0K
Q2 20	$5M
Q3 20	$579.0K
Q4 20	$509.0K
Q1 24	$946.0K
Q2 24	$1M
Q4 24	$1M
Q2 25	$522.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 18	-14.7%	-11.6%
Q2 18	-13.0%	-11.2%
Q3 18	+30.0%	-56.1%
Q4 18	-14.0%	+44.0%
Q1 19	+5.0%	+19.6%
Q2 19	-0.3%	+2.2%
Q3 19	-2.9%	+4.9%
Q4 19	+19.3%	-15.4%
Q1 20	-3.1%	+13.2%
Q2 20	+37.5%	+42.4%
Q3 20	+10.8%	-14.0%
Q4 20	+11.2%	+23.8%
Q1 24	+251.2%	+122.0%
Q2 24	+155.9%	+89.4%
Q4 24	+142.9%	+246.3%
Q2 25	+215.6%	+89.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$872.0K	1.5%
Q2 18	$1M	1.8%
Q3 18	$1M	2.2%
Q4 18	$1M	2.6%
Q1 19	$1M	2.4%
Q2 19	$1M	2.5%
Q3 19	$2M	2.9%
Q4 19	$2M	2.8%
Q1 20	$2M	3.1%
Q2 20	$2M	2.5%
Q3 20	$2M	3.3%
Q4 20	$2M	3.0%
Q1 24	$2M	0.8%
Q2 24	$2M	1.2%
Q4 24	$3M	1.7%
Q2 25	$3M	1.2%

OpEx Breakdown

Quarter	G&A
Q1 18	$6M
Q2 18	$8M
Q3 18	$7M
Q4 18	$5M
Q1 19	$7M
Q2 19	$8M
Q3 19	$8M
Q4 19	$8M
Q1 20	$8M
Q2 20	$10M
Q3 20	$10M
Q4 20	$6M
Q1 24	$16M
Q2 24	$17M
Q4 24	$10M
Q2 25	$20M

Revenue Segments

Quarter	Corporate And Other	Insurance Operations	Real Estate Operations
Q1 20	-$2M	$59M	$3M
Q2 20	$985.0K	$81M	$2M
Q4 20	$2M	$69M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$569M	$151M	$720M
Q2 22	$360M	$399M	$759M
Q3 22	$356M	$361M	$716M
Q4 22	$235M	$265M	$500M
Q1 23	$302M	$525M	$827M
Q2 23	$294M	$443M	$737M
Q3 23	$324M	$419M	$743M
Q4 23	$536M	$234M	$771M
Q1 24	$659M	$280M	$939M
Q2 24	$446M	$229M	$675M
Q3 24	$519M	$439M	$958M
Q4 24	$532M	$521M	$1.1B
Q1 25	$754M	$512M	$1.3B
Q2 25	$947M	$358M	$1.3B
Q3 25	$988M	$197M	$1.2B
Q4 25	$1.2B	$31M	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 18	12M	-1.7%	+6.8%
Q2 18	12M	-1.3%	-4.8%
Q3 18	12M	-1.1%	+36.4%
Q4 18	8M	-33.5%	-36.2%
Q1 19	8M	+0.5%	-34.8%
Q2 19	10M	+29.3%	-14.6%
Q3 19	8M	-24.8%	-35.1%
Q4 19	10M	+29.3%	+26.3%
Q1 20	7M	-24.3%	-4.9%
Q2 20	10M	+31.3%	-3.4%
Q3 20	10M	-0.1%	+28.4%
Q4 20	7M	-23.6%	-24.2%
Q1 24	13M	+70.6%	+71.0%
Q2 24	13M	+0.6%	+31.1%
Q4 24	13M	-0.1%	+31.1%
Q2 25	13M	+1.6%	+74.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 18	$172.9K	334
Q2 18	$176.1K	334
Q3 18	$184.9K	334
Q4 18	$136.9K	387
Q1 19	$156.7K	387
Q2 19	$151.5K	387
Q3 19	$155.0K	387
Q4 19	$153.1K	413
Q1 20	$142.3K	413
Q2 20	$195.2K	413
Q3 20	$160.9K	413
Q4 20	$161.3K	436
Q1 24	$377.4K	547
Q2 24	$377.2K	547
Q4 24	$292.5K	552
Q2 25	$402.1K	552

Revenue / Employee