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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) 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 $197.0M, roughly 1.3× CRA INTERNATIONAL, INC.). HCI Group, Inc. runs the higher net margin — 39.7% vs 6.7%, a 33.0% gap on every dollar of revenue. On growth, CRA INTERNATIONAL, INC. posted the faster year-over-year revenue change (281.6% vs 52.1%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 7.1%).
CRA INTERNATIONAL, INC.CRAIEarnings & Financial Report
CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
CRAI vs HCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.0M | $246.2M |
| Net Profit | $13.2M | $97.7M |
| Gross Margin | — | — |
| Operating Margin | 10.5% | 58.5% |
| Net Margin | 6.7% | 39.7% |
| Revenue YoY | 281.6% | 52.1% |
| Net Profit YoY | -71.7% | 3679.2% |
| EPS (diluted) | $1.99 | $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 | $197.0M | $246.2M | ||
| Q3 25 | $185.9M | $216.3M | ||
| Q2 25 | $186.9M | $221.9M | ||
| Q1 25 | $181.9M | $216.4M | ||
| Q4 24 | $176.4M | $161.9M | ||
| Q3 24 | $167.7M | $175.3M | ||
| Q2 24 | $171.4M | $206.2M | ||
| Q1 24 | $171.8M | $206.6M |
| Q4 25 | $13.2M | $97.7M | ||
| Q3 25 | $11.5M | $65.5M | ||
| Q2 25 | $12.1M | $66.2M | ||
| Q1 25 | $18.0M | $69.7M | ||
| Q4 24 | $15.0M | $2.6M | ||
| Q3 24 | $11.4M | $5.7M | ||
| Q2 24 | $6.5M | $54.1M | ||
| Q1 24 | $13.7M | $47.6M |
| Q4 25 | 10.5% | 58.5% | ||
| Q3 25 | 9.3% | 41.9% | ||
| Q2 25 | 10.6% | 42.5% | ||
| Q1 25 | 14.0% | 46.4% | ||
| Q4 24 | 12.2% | 3.6% | ||
| Q3 24 | 11.0% | 8.0% | ||
| Q2 24 | 6.6% | 36.9% | ||
| Q1 24 | 11.4% | 37.5% |
| Q4 25 | 6.7% | 39.7% | ||
| Q3 25 | 6.2% | 30.3% | ||
| Q2 25 | 6.5% | 29.8% | ||
| Q1 25 | 9.9% | 32.2% | ||
| Q4 24 | 8.5% | 1.6% | ||
| Q3 24 | 6.8% | 3.2% | ||
| Q2 24 | 3.8% | 26.2% | ||
| Q1 24 | 8.0% | 23.0% |
| Q4 25 | $1.99 | $7.29 | ||
| Q3 25 | — | $4.90 | ||
| Q2 25 | — | $5.18 | ||
| Q1 25 | — | $5.35 | ||
| Q4 24 | — | $0.32 | ||
| Q3 24 | — | $0.52 | ||
| Q2 24 | — | $4.24 | ||
| Q1 24 | — | $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 | $18.2M | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $213.6M | $1.0B |
| Total Assets | $628.9M | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $1.2B | ||
| Q3 25 | $22.5M | $987.9M | ||
| Q2 25 | $19.4M | $947.2M | ||
| Q1 25 | $25.6M | $754.5M | ||
| Q4 24 | $26.7M | $532.5M | ||
| Q3 24 | $24.5M | $518.8M | ||
| Q2 24 | $24.6M | $445.8M | ||
| Q1 24 | $37.1M | $655.4M |
| Q4 25 | $213.6M | $1.0B | ||
| Q3 25 | $201.7M | $821.8M | ||
| Q2 25 | $197.0M | $758.6M | ||
| Q1 25 | $227.3M | $522.7M | ||
| Q4 24 | $212.1M | $453.3M | ||
| Q3 24 | $204.5M | $455.3M | ||
| Q2 24 | $191.7M | $447.3M | ||
| Q1 24 | $211.8M | $395.7M |
| Q4 25 | $628.9M | $2.5B | ||
| Q3 25 | $629.0M | $2.3B | ||
| Q2 25 | $606.8M | $2.4B | ||
| Q1 25 | $590.4M | $2.3B | ||
| Q4 24 | $571.4M | $2.2B | ||
| Q3 24 | $582.3M | $2.0B | ||
| Q2 24 | $546.0M | $1.9B | ||
| Q1 24 | $552.5M | $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 | $22.4M | $444.4M |
| Free Cash FlowOCF − Capex | — | $440.8M |
| FCF MarginFCF / Revenue | — | 179.0% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 1.70× | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $444.4M | ||
| Q3 25 | $36.5M | $26.7M | ||
| Q2 25 | $5.9M | $145.0M | ||
| Q1 25 | $-80.0M | $162.0M | ||
| Q4 24 | $79.4M | $331.8M | ||
| Q3 24 | $31.6M | $104.1M | ||
| Q2 24 | $1.8M | $-29.0M | ||
| Q1 24 | $-63.1M | $182.0M |
| Q4 25 | — | $440.8M | ||
| Q3 25 | $35.9M | $25.9M | ||
| Q2 25 | $4.7M | $144.5M | ||
| Q1 25 | $-81.0M | $160.3M | ||
| Q4 24 | $68.8M | $327.8M | ||
| Q3 24 | $28.6M | $103.2M | ||
| Q2 24 | $-509.0K | $-30.1M | ||
| Q1 24 | $-63.8M | $181.0M |
| Q4 25 | — | 179.0% | ||
| Q3 25 | 19.3% | 12.0% | ||
| Q2 25 | 2.5% | 65.1% | ||
| Q1 25 | -44.5% | 74.1% | ||
| Q4 24 | 39.0% | 202.5% | ||
| Q3 24 | 17.0% | 58.9% | ||
| Q2 24 | -0.3% | -14.6% | ||
| Q1 24 | -37.1% | 87.6% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.6% | 0.2% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | 6.0% | 2.5% | ||
| Q3 24 | 1.8% | 0.5% | ||
| Q2 24 | 1.4% | 0.5% | ||
| Q1 24 | 0.4% | 0.5% |
| Q4 25 | 1.70× | 4.55× | ||
| Q3 25 | 3.19× | 0.41× | ||
| Q2 25 | 0.48× | 2.19× | ||
| Q1 25 | -4.44× | 2.32× | ||
| Q4 24 | 5.30× | 128.41× | ||
| Q3 24 | 2.76× | 18.33× | ||
| Q2 24 | 0.28× | -0.54× | ||
| Q1 24 | -4.61× | 3.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRAI
Segment breakdown not available.
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
