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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) 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 $182.4M, roughly 1.4× Climb Global Solutions, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 1.8%, a 37.8% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 32.1%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 9.2%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.

CLMB vs HCI — Head-to-Head

Bigger by revenue
HCI
HCI
1.4× larger
HCI
$246.2M
$182.4M
CLMB
Growing faster (revenue YoY)
HCI
HCI
+20.0% gap
HCI
52.1%
32.1%
CLMB
Higher net margin
HCI
HCI
37.8% more per $
HCI
39.7%
1.8%
CLMB
Faster 2-yr revenue CAGR
CLMB
CLMB
Annualised
CLMB
40.7%
9.2%
HCI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLMB
CLMB
HCI
HCI
Revenue
$182.4M
$246.2M
Net Profit
$3.3M
$97.7M
Gross Margin
14.5%
Operating Margin
2.1%
58.5%
Net Margin
1.8%
39.7%
Revenue YoY
32.1%
52.1%
Net Profit YoY
-9.5%
3679.2%
EPS (diluted)
$0.18
$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.

Revenue
CLMB
CLMB
HCI
HCI
Q1 26
$182.4M
Q4 25
$193.8M
$246.2M
Q3 25
$161.3M
$216.3M
Q2 25
$159.3M
$221.9M
Q1 25
$138.0M
$216.4M
Q4 24
$161.8M
$161.9M
Q3 24
$119.3M
$175.3M
Q2 24
$92.1M
$206.2M
Net Profit
CLMB
CLMB
HCI
HCI
Q1 26
$3.3M
Q4 25
$7.0M
$97.7M
Q3 25
$4.7M
$65.5M
Q2 25
$6.0M
$66.2M
Q1 25
$3.7M
$69.7M
Q4 24
$7.0M
$2.6M
Q3 24
$5.5M
$5.7M
Q2 24
$3.4M
$54.1M
Gross Margin
CLMB
CLMB
HCI
HCI
Q1 26
14.5%
Q4 25
15.4%
Q3 25
15.9%
Q2 25
16.5%
Q1 25
16.9%
Q4 24
19.3%
Q3 24
20.3%
Q2 24
20.2%
Operating Margin
CLMB
CLMB
HCI
HCI
Q1 26
2.1%
Q4 25
4.9%
58.5%
Q3 25
4.3%
41.9%
Q2 25
5.0%
42.5%
Q1 25
3.5%
46.4%
Q4 24
7.2%
3.6%
Q3 24
7.1%
8.0%
Q2 24
4.6%
36.9%
Net Margin
CLMB
CLMB
HCI
HCI
Q1 26
1.8%
Q4 25
3.6%
39.7%
Q3 25
2.9%
30.3%
Q2 25
3.7%
29.8%
Q1 25
2.7%
32.2%
Q4 24
4.3%
1.6%
Q3 24
4.6%
3.2%
Q2 24
3.7%
26.2%
EPS (diluted)
CLMB
CLMB
HCI
HCI
Q1 26
$0.18
Q4 25
$1.51
$7.29
Q3 25
$1.02
$4.90
Q2 25
$1.30
$5.18
Q1 25
$0.81
$5.35
Q4 24
$1.52
$0.32
Q3 24
$1.19
$0.52
Q2 24
$0.75
$4.24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLMB
CLMB
HCI
HCI
Cash + ST InvestmentsLiquidity on hand
$41.8M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$118.4M
$1.0B
Total Assets
$458.8M
$2.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
HCI
HCI
Q1 26
$41.8M
Q4 25
$36.6M
$1.2B
Q3 25
$49.8M
$987.9M
Q2 25
$28.6M
$947.2M
Q1 25
$32.5M
$754.5M
Q4 24
$29.8M
$532.5M
Q3 24
$22.1M
$518.8M
Q2 24
$48.4M
$445.8M
Stockholders' Equity
CLMB
CLMB
HCI
HCI
Q1 26
$118.4M
Q4 25
$116.6M
$1.0B
Q3 25
$109.3M
$821.8M
Q2 25
$105.2M
$758.6M
Q1 25
$95.6M
$522.7M
Q4 24
$90.6M
$453.3M
Q3 24
$87.7M
$455.3M
Q2 24
$79.8M
$447.3M
Total Assets
CLMB
CLMB
HCI
HCI
Q1 26
$458.8M
Q4 25
$460.2M
$2.5B
Q3 25
$376.1M
$2.3B
Q2 25
$420.7M
$2.4B
Q1 25
$370.1M
$2.3B
Q4 24
$469.2M
$2.2B
Q3 24
$371.9M
$2.0B
Q2 24
$302.8M
$1.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLMB
CLMB
HCI
HCI
Operating Cash FlowLast quarter
$444.4M
Free Cash FlowOCF − Capex
$440.8M
FCF MarginFCF / Revenue
179.0%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
4.55×
TTM Free Cash FlowTrailing 4 quarters
$771.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLMB
CLMB
HCI
HCI
Q1 26
Q4 25
$-11.9M
$444.4M
Q3 25
$22.2M
$26.7M
Q2 25
$-2.2M
$145.0M
Q1 25
$8.5M
$162.0M
Q4 24
$16.0M
$331.8M
Q3 24
$-3.6M
$104.1M
Q2 24
$7.3M
$-29.0M
Free Cash Flow
CLMB
CLMB
HCI
HCI
Q1 26
Q4 25
$440.8M
Q3 25
$25.9M
Q2 25
$144.5M
Q1 25
$160.3M
Q4 24
$327.8M
Q3 24
$103.2M
Q2 24
$-30.1M
FCF Margin
CLMB
CLMB
HCI
HCI
Q1 26
Q4 25
179.0%
Q3 25
12.0%
Q2 25
65.1%
Q1 25
74.1%
Q4 24
202.5%
Q3 24
58.9%
Q2 24
-14.6%
Capex Intensity
CLMB
CLMB
HCI
HCI
Q1 26
Q4 25
1.5%
Q3 25
0.4%
Q2 25
0.2%
Q1 25
0.8%
Q4 24
2.5%
Q3 24
0.5%
Q2 24
0.5%
Cash Conversion
CLMB
CLMB
HCI
HCI
Q1 26
Q4 25
-1.70×
4.55×
Q3 25
4.73×
0.41×
Q2 25
-0.37×
2.19×
Q1 25
2.30×
2.32×
Q4 24
2.29×
128.41×
Q3 24
-0.66×
18.33×
Q2 24
2.13×
-0.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLMB
CLMB

Segment breakdown not available.

HCI
HCI

Insurance Operation$218.3M89%
Reciprocal Exchange Operation$27.0M11%

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