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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) and HCI Group, Inc. (HCI). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $141.3M, roughly 1.7× Arlo Technologies, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 4.1%, a 35.6% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 16.2%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 6.7%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
ARLO vs HCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $246.2M |
| Net Profit | $5.8M | $97.7M |
| Gross Margin | 46.4% | — |
| Operating Margin | 3.3% | 58.5% |
| Net Margin | 4.1% | 39.7% |
| Revenue YoY | 16.2% | 52.1% |
| Net Profit YoY | 218.6% | 3679.2% |
| EPS (diluted) | $0.06 | $7.29 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $141.3M | $246.2M | ||
| Q3 25 | $139.5M | $216.3M | ||
| Q2 25 | $129.4M | $221.9M | ||
| Q1 25 | $119.1M | $216.4M | ||
| Q4 24 | $121.6M | $161.9M | ||
| Q3 24 | $137.7M | $175.3M | ||
| Q2 24 | $127.4M | $206.2M | ||
| Q1 24 | $124.2M | $206.6M |
| Q4 25 | $5.8M | $97.7M | ||
| Q3 25 | $6.9M | $65.5M | ||
| Q2 25 | $3.1M | $66.2M | ||
| Q1 25 | $-835.0K | $69.7M | ||
| Q4 24 | $-4.9M | $2.6M | ||
| Q3 24 | $-4.4M | $5.7M | ||
| Q2 24 | $-11.6M | $54.1M | ||
| Q1 24 | $-9.6M | $47.6M |
| Q4 25 | 46.4% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 44.3% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 3.3% | 58.5% | ||
| Q3 25 | 0.6% | 41.9% | ||
| Q2 25 | 1.5% | 42.5% | ||
| Q1 25 | -1.2% | 46.4% | ||
| Q4 24 | -5.0% | 3.6% | ||
| Q3 24 | -4.0% | 8.0% | ||
| Q2 24 | -10.0% | 36.9% | ||
| Q1 24 | -8.5% | 37.5% |
| Q4 25 | 4.1% | 39.7% | ||
| Q3 25 | 4.9% | 30.3% | ||
| Q2 25 | 2.4% | 29.8% | ||
| Q1 25 | -0.7% | 32.2% | ||
| Q4 24 | -4.0% | 1.6% | ||
| Q3 24 | -3.2% | 3.2% | ||
| Q2 24 | -9.1% | 26.2% | ||
| Q1 24 | -7.8% | 23.0% |
| Q4 25 | $0.06 | $7.29 | ||
| Q3 25 | $0.06 | $4.90 | ||
| Q2 25 | $0.03 | $5.18 | ||
| Q1 25 | $-0.01 | $5.35 | ||
| Q4 24 | $-0.05 | $0.32 | ||
| Q3 24 | $-0.04 | $0.52 | ||
| Q2 24 | $-0.12 | $4.24 | ||
| Q1 24 | $-0.10 | $3.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.4M | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $127.8M | $1.0B |
| Total Assets | $310.5M | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $1.2B | ||
| Q3 25 | $86.0M | $987.9M | ||
| Q2 25 | $71.2M | $947.2M | ||
| Q1 25 | $84.0M | $754.5M | ||
| Q4 24 | $82.0M | $532.5M | ||
| Q3 24 | $77.0M | $518.8M | ||
| Q2 24 | $62.9M | $445.8M | ||
| Q1 24 | $62.1M | $655.4M |
| Q4 25 | $127.8M | $1.0B | ||
| Q3 25 | $129.2M | $821.8M | ||
| Q2 25 | $118.3M | $758.6M | ||
| Q1 25 | $103.4M | $522.7M | ||
| Q4 24 | $100.9M | $453.3M | ||
| Q3 24 | $96.9M | $455.3M | ||
| Q2 24 | $99.3M | $447.3M | ||
| Q1 24 | $99.9M | $395.7M |
| Q4 25 | $310.5M | $2.5B | ||
| Q3 25 | $350.9M | $2.3B | ||
| Q2 25 | $319.7M | $2.4B | ||
| Q1 25 | $296.6M | $2.3B | ||
| Q4 24 | $298.4M | $2.2B | ||
| Q3 24 | $312.4M | $2.0B | ||
| Q2 24 | $295.8M | $1.9B | ||
| Q1 24 | $289.8M | $1.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.8M | $444.4M |
| Free Cash FlowOCF − Capex | — | $440.8M |
| FCF MarginFCF / Revenue | — | 179.0% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 3.43× | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $444.4M | ||
| Q3 25 | $19.2M | $26.7M | ||
| Q2 25 | $8.8M | $145.0M | ||
| Q1 25 | $30.9M | $162.0M | ||
| Q4 24 | $6.7M | $331.8M | ||
| Q3 24 | $18.4M | $104.1M | ||
| Q2 24 | $6.5M | $-29.0M | ||
| Q1 24 | $19.8M | $182.0M |
| Q4 25 | — | $440.8M | ||
| Q3 25 | — | $25.9M | ||
| Q2 25 | — | $144.5M | ||
| Q1 25 | $28.1M | $160.3M | ||
| Q4 24 | $5.6M | $327.8M | ||
| Q3 24 | $17.4M | $103.2M | ||
| Q2 24 | $6.2M | $-30.1M | ||
| Q1 24 | $19.4M | $181.0M |
| Q4 25 | — | 179.0% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 65.1% | ||
| Q1 25 | 23.6% | 74.1% | ||
| Q4 24 | 4.6% | 202.5% | ||
| Q3 24 | 12.6% | 58.9% | ||
| Q2 24 | 4.8% | -14.6% | ||
| Q1 24 | 15.7% | 87.6% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | 2.4% | 0.8% | ||
| Q4 24 | 0.9% | 2.5% | ||
| Q3 24 | 0.7% | 0.5% | ||
| Q2 24 | 0.2% | 0.5% | ||
| Q1 24 | 0.3% | 0.5% |
| Q4 25 | 3.43× | 4.55× | ||
| Q3 25 | 2.79× | 0.41× | ||
| Q2 25 | 2.83× | 2.19× | ||
| Q1 25 | — | 2.32× | ||
| Q4 24 | — | 128.41× | ||
| Q3 24 | — | 18.33× | ||
| Q2 24 | — | -0.54× | ||
| Q1 24 | — | 3.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
