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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and Hippo Holdings Inc. (HIPO). Click either name above to swap in a different company.

Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $120.4M, roughly 1.1× Hippo Holdings Inc.). Hippo Holdings Inc. runs the higher net margin — 5.0% vs -22.8%, a 27.7% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 18.2%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $9.1M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -0.3%).

TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

EEX vs HIPO — Head-to-Head

Bigger by revenue
EEX
EEX
1.1× larger
EEX
$132.7M
$120.4M
HIPO
Growing faster (revenue YoY)
EEX
EEX
+6.1% gap
EEX
24.3%
18.2%
HIPO
Higher net margin
HIPO
HIPO
27.7% more per $
HIPO
5.0%
-22.8%
EEX
More free cash flow
EEX
EEX
$2.6M more FCF
EEX
$11.7M
$9.1M
HIPO
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
-0.3%
EEX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EEX
EEX
HIPO
HIPO
Revenue
$132.7M
$120.4M
Net Profit
$-30.2M
$6.0M
Gross Margin
Operating Margin
-11.8%
5.6%
Net Margin
-22.8%
5.0%
Revenue YoY
24.3%
18.2%
Net Profit YoY
-692.2%
-86.4%
EPS (diluted)
$-0.15
$0.31

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
EEX
EEX
HIPO
HIPO
Q4 25
$132.7M
$120.4M
Q3 25
$77.5M
$120.6M
Q2 25
$105.5M
$117.3M
Q1 25
$147.7M
$110.3M
Q4 24
$106.8M
$101.9M
Q3 24
$72.6M
$95.5M
Q2 24
$86.0M
$89.6M
Q1 24
$133.4M
$85.1M
Net Profit
EEX
EEX
HIPO
HIPO
Q4 25
$-30.2M
$6.0M
Q3 25
$-14.4M
$98.1M
Q2 25
$-1.4M
$1.3M
Q1 25
$15.3M
$-47.7M
Q4 24
$5.1M
$44.2M
Q3 24
$-11.1M
$-8.5M
Q2 24
$-2.8M
$-40.5M
Q1 24
$11.0M
$-35.7M
Operating Margin
EEX
EEX
HIPO
HIPO
Q4 25
-11.8%
5.6%
Q3 25
-10.1%
81.3%
Q2 25
9.7%
3.4%
Q1 25
24.2%
-41.3%
Q4 24
19.5%
46.3%
Q3 24
-6.5%
-5.4%
Q2 24
7.4%
-40.7%
Q1 24
18.2%
-38.7%
Net Margin
EEX
EEX
HIPO
HIPO
Q4 25
-22.8%
5.0%
Q3 25
-18.6%
81.3%
Q2 25
-1.3%
1.1%
Q1 25
10.4%
-43.2%
Q4 24
4.8%
43.4%
Q3 24
-15.3%
-8.9%
Q2 24
-3.3%
-45.2%
Q1 24
8.2%
-42.0%
EPS (diluted)
EEX
EEX
HIPO
HIPO
Q4 25
$-0.15
$0.31
Q3 25
$-0.07
$3.77
Q2 25
$-0.01
$0.05
Q1 25
$0.08
$-1.91
Q4 24
$0.01
$1.81
Q3 24
$-0.05
$-0.34
Q2 24
$-0.03
$-1.64
Q1 24
$0.00
$-1.47

Balance Sheet & Financial Strength

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

Metric
EEX
EEX
HIPO
HIPO
Cash + ST InvestmentsLiquidity on hand
$100.9M
$218.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$338.8M
$436.1M
Total Assets
$1.2B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EEX
EEX
HIPO
HIPO
Q4 25
$100.9M
$218.3M
Q3 25
$95.4M
$247.7M
Q2 25
$156.4M
$198.9M
Q1 25
$276.8M
$140.9M
Q4 24
$194.8M
$197.6M
Q3 24
$188.9M
$191.2M
Q2 24
$193.2M
$175.9M
Q1 24
$186.8M
$223.4M
Stockholders' Equity
EEX
EEX
HIPO
HIPO
Q4 25
$338.8M
$436.1M
Q3 25
$369.5M
$421.5M
Q2 25
$389.4M
$332.5M
Q1 25
$392.1M
$322.8M
Q4 24
$385.9M
$362.1M
Q3 24
$391.1M
$326.4M
Q2 24
$407.6M
$322.6M
Q1 24
$-90.7M
$351.2M
Total Assets
EEX
EEX
HIPO
HIPO
Q4 25
$1.2B
$1.9B
Q3 25
$1.2B
$1.9B
Q2 25
$1.2B
$1.7B
Q1 25
$1.2B
$1.5B
Q4 24
$1.0B
$1.5B
Q3 24
$1.1B
$1.5B
Q2 24
$1.1B
$1.5B
Q1 24
$1.1B
$1.5B

Cash Flow & Capital Efficiency

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

Metric
EEX
EEX
HIPO
HIPO
Operating Cash FlowLast quarter
$12.3M
$9.2M
Free Cash FlowOCF − Capex
$11.7M
$9.1M
FCF MarginFCF / Revenue
8.8%
7.6%
Capex IntensityCapex / Revenue
0.5%
0.1%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$41.4M
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EEX
EEX
HIPO
HIPO
Q4 25
$12.3M
$9.2M
Q3 25
$1.8M
$16.9M
Q2 25
$15.9M
$24.7M
Q1 25
$12.6M
$-35.6M
Q4 24
$20.6M
$47.5M
Q3 24
$9.1M
$46.8M
Q2 24
$9.8M
$-10.6M
Q1 24
$7.3M
$17.7M
Free Cash Flow
EEX
EEX
HIPO
HIPO
Q4 25
$11.7M
$9.1M
Q3 25
$1.5M
$16.8M
Q2 25
$15.8M
$24.6M
Q1 25
$12.4M
$-35.7M
Q4 24
$19.9M
$47.2M
Q3 24
$9.0M
Q2 24
$9.6M
$-10.7M
Q1 24
$7.0M
$17.6M
FCF Margin
EEX
EEX
HIPO
HIPO
Q4 25
8.8%
7.6%
Q3 25
1.9%
13.9%
Q2 25
15.0%
21.0%
Q1 25
8.4%
-32.4%
Q4 24
18.6%
46.3%
Q3 24
12.4%
Q2 24
11.2%
-11.9%
Q1 24
5.2%
20.7%
Capex Intensity
EEX
EEX
HIPO
HIPO
Q4 25
0.5%
0.1%
Q3 25
0.4%
0.1%
Q2 25
0.1%
0.1%
Q1 25
0.1%
0.1%
Q4 24
0.7%
0.3%
Q3 24
0.1%
0.0%
Q2 24
0.2%
0.1%
Q1 24
0.2%
0.1%
Cash Conversion
EEX
EEX
HIPO
HIPO
Q4 25
1.53×
Q3 25
0.17×
Q2 25
19.00×
Q1 25
0.82×
Q4 24
4.04×
1.07×
Q3 24
Q2 24
Q1 24
0.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EEX
EEX

Connections Segment$121.9M92%
Commerce Segment$5.5M4%
Content$5.3M4%

HIPO
HIPO

Segment breakdown not available.

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