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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) 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 $233.0M, roughly 1.1× CSW INDUSTRIALS, INC.). HCI Group, Inc. runs the higher net margin — 39.7% vs 4.4%, a 35.3% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 20.3%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $22.7M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 5.1%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
CSW vs HCI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $246.2M |
| Net Profit | $10.3M | $97.7M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 58.5% |
| Net Margin | 4.4% | 39.7% |
| Revenue YoY | 20.3% | 52.1% |
| Net Profit YoY | -61.9% | 3679.2% |
| EPS (diluted) | $0.62 | $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 | $233.0M | $246.2M | ||
| Q3 25 | $277.0M | $216.3M | ||
| Q2 25 | $263.6M | $221.9M | ||
| Q1 25 | $230.5M | $216.4M | ||
| Q4 24 | $193.6M | $161.9M | ||
| Q3 24 | $227.9M | $175.3M | ||
| Q2 24 | $226.2M | $206.2M | ||
| Q1 24 | $210.9M | $206.6M |
| Q4 25 | $10.3M | $97.7M | ||
| Q3 25 | $40.7M | $65.5M | ||
| Q2 25 | $40.9M | $66.2M | ||
| Q1 25 | $35.1M | $69.7M | ||
| Q4 24 | $26.9M | $2.6M | ||
| Q3 24 | $36.1M | $5.7M | ||
| Q2 24 | $38.6M | $54.1M | ||
| Q1 24 | $31.8M | $47.6M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | — |
| Q4 25 | 7.4% | 58.5% | ||
| Q3 25 | 20.5% | 41.9% | ||
| Q2 25 | 20.8% | 42.5% | ||
| Q1 25 | 19.5% | 46.4% | ||
| Q4 24 | 15.3% | 3.6% | ||
| Q3 24 | 22.6% | 8.0% | ||
| Q2 24 | 24.3% | 36.9% | ||
| Q1 24 | 21.0% | 37.5% |
| Q4 25 | 4.4% | 39.7% | ||
| Q3 25 | 14.7% | 30.3% | ||
| Q2 25 | 15.5% | 29.8% | ||
| Q1 25 | 15.2% | 32.2% | ||
| Q4 24 | 13.9% | 1.6% | ||
| Q3 24 | 15.8% | 3.2% | ||
| Q2 24 | 17.1% | 26.2% | ||
| Q1 24 | 15.1% | 23.0% |
| Q4 25 | $0.62 | $7.29 | ||
| Q3 25 | $2.41 | $4.90 | ||
| Q2 25 | $2.43 | $5.18 | ||
| Q1 25 | $2.05 | $5.35 | ||
| Q4 24 | $1.60 | $0.32 | ||
| Q3 24 | $2.26 | $0.52 | ||
| Q2 24 | $2.47 | $4.24 | ||
| Q1 24 | $2.03 | $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 | $40.2M | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.0B |
| Total Assets | $2.3B | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $1.2B | ||
| Q3 25 | $31.5M | $987.9M | ||
| Q2 25 | $38.0M | $947.2M | ||
| Q1 25 | $225.8M | $754.5M | ||
| Q4 24 | $213.8M | $532.5M | ||
| Q3 24 | $273.2M | $518.8M | ||
| Q2 24 | $18.9M | $445.8M | ||
| Q1 24 | $22.2M | $655.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.1B | $821.8M | ||
| Q2 25 | $1.1B | $758.6M | ||
| Q1 25 | $1.1B | $522.7M | ||
| Q4 24 | $1.0B | $453.3M | ||
| Q3 24 | $1.0B | $455.3M | ||
| Q2 24 | $650.2M | $447.3M | ||
| Q1 24 | $615.7M | $395.7M |
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.0B | $1.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
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 | $28.9M | $444.4M |
| Free Cash FlowOCF − Capex | $22.7M | $440.8M |
| FCF MarginFCF / Revenue | 9.8% | 179.0% |
| Capex IntensityCapex / Revenue | 2.6% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.81× | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $444.4M | ||
| Q3 25 | $61.8M | $26.7M | ||
| Q2 25 | $60.6M | $145.0M | ||
| Q1 25 | $27.3M | $162.0M | ||
| Q4 24 | $11.6M | $331.8M | ||
| Q3 24 | $66.8M | $104.1M | ||
| Q2 24 | $62.7M | $-29.0M | ||
| Q1 24 | $22.4M | $182.0M |
| Q4 25 | $22.7M | $440.8M | ||
| Q3 25 | $58.7M | $25.9M | ||
| Q2 25 | $57.7M | $144.5M | ||
| Q1 25 | $22.8M | $160.3M | ||
| Q4 24 | $8.5M | $327.8M | ||
| Q3 24 | $61.3M | $103.2M | ||
| Q2 24 | $59.6M | $-30.1M | ||
| Q1 24 | $17.5M | $181.0M |
| Q4 25 | 9.8% | 179.0% | ||
| Q3 25 | 21.2% | 12.0% | ||
| Q2 25 | 21.9% | 65.1% | ||
| Q1 25 | 9.9% | 74.1% | ||
| Q4 24 | 4.4% | 202.5% | ||
| Q3 24 | 26.9% | 58.9% | ||
| Q2 24 | 26.3% | -14.6% | ||
| Q1 24 | 8.3% | 87.6% |
| Q4 25 | 2.6% | 1.5% | ||
| Q3 25 | 1.1% | 0.4% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 2.0% | 0.8% | ||
| Q4 24 | 1.6% | 2.5% | ||
| Q3 24 | 2.4% | 0.5% | ||
| Q2 24 | 1.4% | 0.5% | ||
| Q1 24 | 2.3% | 0.5% |
| Q4 25 | 2.81× | 4.55× | ||
| Q3 25 | 1.52× | 0.41× | ||
| Q2 25 | 1.48× | 2.19× | ||
| Q1 25 | 0.78× | 2.32× | ||
| Q4 24 | 0.43× | 128.41× | ||
| Q3 24 | 1.85× | 18.33× | ||
| Q2 24 | 1.62× | -0.54× | ||
| Q1 24 | 0.71× | 3.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
