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Side-by-side financial comparison of Claritev Corp (CTEV) and HCI Group, Inc. (HCI). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $246.2M, roughly 1.0× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs -32.7%, a 72.3% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 6.2%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $36.4M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 2.5%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
CTEV vs HCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $246.2M |
| Net Profit | $-80.6M | $97.7M |
| Gross Margin | — | — |
| Operating Margin | -3.1% | 58.5% |
| Net Margin | -32.7% | 39.7% |
| Revenue YoY | 6.2% | 52.1% |
| Net Profit YoY | 41.6% | 3679.2% |
| EPS (diluted) | $-4.88 | $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 | $246.6M | $246.2M | ||
| Q3 25 | $246.0M | $216.3M | ||
| Q2 25 | $241.6M | $221.9M | ||
| Q1 25 | $231.3M | $216.4M | ||
| Q4 24 | $232.1M | $161.9M | ||
| Q3 24 | $230.5M | $175.3M | ||
| Q2 24 | $233.5M | $206.2M | ||
| Q1 24 | $234.5M | $206.6M |
| Q4 25 | $-80.6M | $97.7M | ||
| Q3 25 | $-69.8M | $65.5M | ||
| Q2 25 | $-62.6M | $66.2M | ||
| Q1 25 | $-71.3M | $69.7M | ||
| Q4 24 | $-138.0M | $2.6M | ||
| Q3 24 | $-391.4M | $5.7M | ||
| Q2 24 | $-576.7M | $54.1M | ||
| Q1 24 | $-539.7M | $47.6M |
| Q4 25 | -3.1% | 58.5% | ||
| Q3 25 | 4.1% | 41.9% | ||
| Q2 25 | 6.9% | 42.5% | ||
| Q1 25 | 4.2% | 46.4% | ||
| Q4 24 | -17.8% | 3.6% | ||
| Q3 24 | -146.7% | 8.0% | ||
| Q2 24 | -224.4% | 36.9% | ||
| Q1 24 | -207.4% | 37.5% |
| Q4 25 | -32.7% | 39.7% | ||
| Q3 25 | -28.4% | 30.3% | ||
| Q2 25 | -25.9% | 29.8% | ||
| Q1 25 | -30.8% | 32.2% | ||
| Q4 24 | -59.4% | 1.6% | ||
| Q3 24 | -169.8% | 3.2% | ||
| Q2 24 | -247.0% | 26.2% | ||
| Q1 24 | -230.1% | 23.0% |
| Q4 25 | $-4.88 | $7.29 | ||
| Q3 25 | $-4.23 | $4.90 | ||
| Q2 25 | $-3.81 | $5.18 | ||
| Q1 25 | $-4.38 | $5.35 | ||
| Q4 24 | $-8.49 | $0.32 | ||
| Q3 24 | $-24.25 | $0.52 | ||
| Q2 24 | $-35.78 | $4.24 | ||
| Q1 24 | $-33.40 | $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 | $16.8M | $1.2B |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $-173.9M | $1.0B |
| Total Assets | $4.9B | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.8M | $1.2B | ||
| Q3 25 | $39.2M | $987.9M | ||
| Q2 25 | $56.4M | $947.2M | ||
| Q1 25 | $23.1M | $754.5M | ||
| Q4 24 | $16.8M | $532.5M | ||
| Q3 24 | $86.6M | $518.8M | ||
| Q2 24 | $48.8M | $445.8M | ||
| Q1 24 | $58.7M | $655.4M |
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $-173.9M | $1.0B | ||
| Q3 25 | $-101.8M | $821.8M | ||
| Q2 25 | $-39.9M | $758.6M | ||
| Q1 25 | $14.8M | $522.7M | ||
| Q4 24 | $84.0M | $453.3M | ||
| Q3 24 | $207.6M | $455.3M | ||
| Q2 24 | $603.4M | $447.3M | ||
| Q1 24 | $1.2B | $395.7M |
| Q4 25 | $4.9B | $2.5B | ||
| Q3 25 | $5.0B | $2.3B | ||
| Q2 25 | $5.1B | $2.4B | ||
| Q1 25 | $5.1B | $2.3B | ||
| Q4 24 | $5.2B | $2.2B | ||
| Q3 24 | $5.3B | $2.0B | ||
| Q2 24 | $5.7B | $1.9B | ||
| Q1 24 | $6.4B | $1.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | — | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — | ||
| Q1 24 | 3.85× | — |
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 | $66.3M | $444.4M |
| Free Cash FlowOCF − Capex | $36.4M | $440.8M |
| FCF MarginFCF / Revenue | 14.8% | 179.0% |
| Capex IntensityCapex / Revenue | 12.1% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.3M | $444.4M | ||
| Q3 25 | $19.9M | $26.7M | ||
| Q2 25 | $61.2M | $145.0M | ||
| Q1 25 | $-30.1M | $162.0M | ||
| Q4 24 | $-33.4M | $331.8M | ||
| Q3 24 | $72.8M | $104.1M | ||
| Q2 24 | $18.5M | $-29.0M | ||
| Q1 24 | $49.7M | $182.0M |
| Q4 25 | $36.4M | $440.8M | ||
| Q3 25 | $-16.3M | $25.9M | ||
| Q2 25 | $36.6M | $144.5M | ||
| Q1 25 | $-68.9M | $160.3M | ||
| Q4 24 | $-63.8M | $327.8M | ||
| Q3 24 | $41.1M | $103.2M | ||
| Q2 24 | $-7.0M | $-30.1M | ||
| Q1 24 | $19.2M | $181.0M |
| Q4 25 | 14.8% | 179.0% | ||
| Q3 25 | -6.6% | 12.0% | ||
| Q2 25 | 15.2% | 65.1% | ||
| Q1 25 | -29.8% | 74.1% | ||
| Q4 24 | -27.5% | 202.5% | ||
| Q3 24 | 17.8% | 58.9% | ||
| Q2 24 | -3.0% | -14.6% | ||
| Q1 24 | 8.2% | 87.6% |
| Q4 25 | 12.1% | 1.5% | ||
| Q3 25 | 14.7% | 0.4% | ||
| Q2 25 | 10.2% | 0.2% | ||
| Q1 25 | 16.8% | 0.8% | ||
| Q4 24 | 13.1% | 2.5% | ||
| Q3 24 | 13.8% | 0.5% | ||
| Q2 24 | 10.9% | 0.5% | ||
| Q1 24 | 13.0% | 0.5% |
| Q4 25 | — | 4.55× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 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
CTEV
Segment breakdown not available.
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
