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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) 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 $245.4M, roughly 1.0× Douglas Elliman Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 27.9%, a 11.7% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 0.9%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $-14.7M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% CAGR vs 9.2%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
DOUG vs HCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $246.2M |
| Net Profit | $68.6M | $97.7M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 58.5% |
| Net Margin | 27.9% | 39.7% |
| Revenue YoY | 0.9% | 52.1% |
| Net Profit YoY | 1243.4% | 3679.2% |
| EPS (diluted) | $0.80 | $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 | $245.4M | $246.2M | ||
| Q3 25 | $262.8M | $216.3M | ||
| Q2 25 | $271.4M | $221.9M | ||
| Q1 25 | $253.4M | $216.4M | ||
| Q4 24 | $243.3M | $161.9M | ||
| Q3 24 | $266.3M | $175.3M | ||
| Q2 24 | $285.8M | $206.2M | ||
| Q1 24 | $200.2M | $206.6M |
| Q4 25 | $68.6M | $97.7M | ||
| Q3 25 | $-24.7M | $65.5M | ||
| Q2 25 | $-22.7M | $66.2M | ||
| Q1 25 | $-6.0M | $69.7M | ||
| Q4 24 | $-6.0M | $2.6M | ||
| Q3 24 | $-27.2M | $5.7M | ||
| Q2 24 | $-1.7M | $54.1M | ||
| Q1 24 | $-41.5M | $47.6M |
| Q4 25 | 27.3% | 58.5% | ||
| Q3 25 | -4.1% | 41.9% | ||
| Q2 25 | -2.0% | 42.5% | ||
| Q1 25 | -2.1% | 46.4% | ||
| Q4 24 | -6.7% | 3.6% | ||
| Q3 24 | -2.8% | 8.0% | ||
| Q2 24 | -1.3% | 36.9% | ||
| Q1 24 | -20.7% | 37.5% |
| Q4 25 | 27.9% | 39.7% | ||
| Q3 25 | -9.4% | 30.3% | ||
| Q2 25 | -8.4% | 29.8% | ||
| Q1 25 | -2.4% | 32.2% | ||
| Q4 24 | -2.5% | 1.6% | ||
| Q3 24 | -10.2% | 3.2% | ||
| Q2 24 | -0.6% | 26.2% | ||
| Q1 24 | -20.7% | 23.0% |
| Q4 25 | $0.80 | $7.29 | ||
| Q3 25 | $-0.29 | $4.90 | ||
| Q2 25 | $-0.27 | $5.18 | ||
| Q1 25 | $-0.07 | $5.35 | ||
| Q4 24 | $-0.06 | $0.32 | ||
| Q3 24 | $-0.33 | $0.52 | ||
| Q2 24 | $-0.02 | $4.24 | ||
| Q1 24 | $-0.50 | $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 | $115.5M | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $183.9M | $1.0B |
| Total Assets | $444.4M | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | $1.2B | ||
| Q3 25 | $143.0M | $987.9M | ||
| Q2 25 | $136.3M | $947.2M | ||
| Q1 25 | $136.8M | $754.5M | ||
| Q4 24 | $145.5M | $532.5M | ||
| Q3 24 | $151.4M | $518.8M | ||
| Q2 24 | $92.9M | $445.8M | ||
| Q1 24 | $91.5M | $655.4M |
| Q4 25 | $183.9M | $1.0B | ||
| Q3 25 | $115.1M | $821.8M | ||
| Q2 25 | $137.6M | $758.6M | ||
| Q1 25 | $158.2M | $522.7M | ||
| Q4 24 | $162.2M | $453.3M | ||
| Q3 24 | $173.6M | $455.3M | ||
| Q2 24 | $196.9M | $447.3M | ||
| Q1 24 | $195.1M | $395.7M |
| Q4 25 | $444.4M | $2.5B | ||
| Q3 25 | $480.6M | $2.3B | ||
| Q2 25 | $489.0M | $2.4B | ||
| Q1 25 | $493.9M | $2.3B | ||
| Q4 24 | $493.9M | $2.2B | ||
| Q3 24 | $502.7M | $2.0B | ||
| Q2 24 | $463.9M | $1.9B | ||
| Q1 24 | $461.1M | $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 | $-14.4M | $444.4M |
| Free Cash FlowOCF − Capex | $-14.7M | $440.8M |
| FCF MarginFCF / Revenue | -6.0% | 179.0% |
| Capex IntensityCapex / Revenue | 0.1% | 1.5% |
| Cash ConversionOCF / Net Profit | -0.21× | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $444.4M | ||
| Q3 25 | $5.5M | $26.7M | ||
| Q2 25 | $642.0K | $145.0M | ||
| Q1 25 | $-5.6M | $162.0M | ||
| Q4 24 | $-9.0M | $331.8M | ||
| Q3 24 | $9.0M | $104.1M | ||
| Q2 24 | $1.3M | $-29.0M | ||
| Q1 24 | $-27.3M | $182.0M |
| Q4 25 | $-14.7M | $440.8M | ||
| Q3 25 | $4.7M | $25.9M | ||
| Q2 25 | $-575.0K | $144.5M | ||
| Q1 25 | $-6.7M | $160.3M | ||
| Q4 24 | $-10.2M | $327.8M | ||
| Q3 24 | $7.7M | $103.2M | ||
| Q2 24 | $432.0K | $-30.1M | ||
| Q1 24 | $-29.4M | $181.0M |
| Q4 25 | -6.0% | 179.0% | ||
| Q3 25 | 1.8% | 12.0% | ||
| Q2 25 | -0.2% | 65.1% | ||
| Q1 25 | -2.6% | 74.1% | ||
| Q4 24 | -4.2% | 202.5% | ||
| Q3 24 | 2.9% | 58.9% | ||
| Q2 24 | 0.2% | -14.6% | ||
| Q1 24 | -14.7% | 87.6% |
| Q4 25 | 0.1% | 1.5% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.4% | 0.2% | ||
| Q1 25 | 0.4% | 0.8% | ||
| Q4 24 | 0.5% | 2.5% | ||
| Q3 24 | 0.5% | 0.5% | ||
| Q2 24 | 0.3% | 0.5% | ||
| Q1 24 | 1.0% | 0.5% |
| Q4 25 | -0.21× | 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
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
