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Side-by-side financial comparison of EXPONENT INC (EXPO) 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 $166.3M, roughly 1.5× EXPONENT INC). HCI Group, Inc. runs the higher net margin — 39.7% vs 17.8%, a 21.9% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 14.3%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 8.8%).
Exponent, Inc. is an American engineering and scientific consulting firm. Exponent has a team of scientists, physicians, engineers, and business consultants which performs research and analysis in more than 90 technical disciplines. The company operates 20 offices in the United States and five offices overseas.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
EXPO vs HCI — Head-to-Head
Income Statement — Q1 FY2027 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $166.3M | $246.2M |
| Net Profit | $29.6M | $97.7M |
| Gross Margin | — | — |
| Operating Margin | 24.9% | 58.5% |
| Net Margin | 17.8% | 39.7% |
| Revenue YoY | 14.3% | 52.1% |
| Net Profit YoY | 11.0% | 3679.2% |
| EPS (diluted) | $0.59 | $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.
| Q1 26 | $166.3M | — | ||
| Q4 25 | $147.1M | $246.2M | ||
| Q3 25 | $142.0M | $216.3M | ||
| Q2 25 | $145.5M | $221.9M | ||
| Q1 25 | $136.8M | $216.4M | ||
| Q4 24 | — | $161.9M | ||
| Q3 24 | $136.3M | $175.3M | ||
| Q2 24 | $140.5M | $206.2M |
| Q1 26 | $29.6M | — | ||
| Q4 25 | $28.0M | $97.7M | ||
| Q3 25 | $26.6M | $65.5M | ||
| Q2 25 | $26.6M | $66.2M | ||
| Q1 25 | $23.6M | $69.7M | ||
| Q4 24 | — | $2.6M | ||
| Q3 24 | $26.0M | $5.7M | ||
| Q2 24 | $29.2M | $54.1M |
| Q1 26 | 24.9% | — | ||
| Q4 25 | 19.7% | 58.5% | ||
| Q3 25 | 12.1% | 41.9% | ||
| Q2 25 | 30.5% | 42.5% | ||
| Q1 25 | 19.9% | 46.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | 19.0% | 8.0% | ||
| Q2 24 | 25.4% | 36.9% |
| Q1 26 | 17.8% | — | ||
| Q4 25 | 19.1% | 39.7% | ||
| Q3 25 | 18.7% | 30.3% | ||
| Q2 25 | 18.3% | 29.8% | ||
| Q1 25 | 17.2% | 32.2% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 19.1% | 3.2% | ||
| Q2 24 | 20.8% | 26.2% |
| Q1 26 | $0.59 | — | ||
| Q4 25 | $0.55 | $7.29 | ||
| Q3 25 | $0.52 | $4.90 | ||
| Q2 25 | $0.52 | $5.18 | ||
| Q1 25 | $0.45 | $5.35 | ||
| Q4 24 | — | $0.32 | ||
| Q3 24 | $0.50 | $0.52 | ||
| Q2 24 | $0.57 | $4.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.6M | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.3M | $1.0B |
| Total Assets | $687.4M | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.6M | — | ||
| Q4 25 | $207.4M | $1.2B | ||
| Q3 25 | $231.8M | $987.9M | ||
| Q2 25 | $245.1M | $947.2M | ||
| Q1 25 | $258.9M | $754.5M | ||
| Q4 24 | — | $532.5M | ||
| Q3 24 | $219.7M | $518.8M | ||
| Q2 24 | $203.3M | $445.8M |
| Q1 26 | $338.3M | — | ||
| Q4 25 | $402.9M | $1.0B | ||
| Q3 25 | $427.8M | $821.8M | ||
| Q2 25 | $441.4M | $758.6M | ||
| Q1 25 | $421.1M | $522.7M | ||
| Q4 24 | — | $453.3M | ||
| Q3 24 | $410.3M | $455.3M | ||
| Q2 24 | $393.2M | $447.3M |
| Q1 26 | $687.4M | — | ||
| Q4 25 | $761.4M | $2.5B | ||
| Q3 25 | $759.4M | $2.3B | ||
| Q2 25 | $763.2M | $2.4B | ||
| Q1 25 | $777.3M | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $744.1M | $2.0B | ||
| Q2 24 | $709.2M | $1.9B |
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 | — | $444.4M |
| Free Cash FlowOCF − Capex | — | $440.8M |
| FCF MarginFCF / Revenue | — | 179.0% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $32.7M | $444.4M | ||
| Q3 25 | $36.2M | $26.7M | ||
| Q2 25 | $7.3M | $145.0M | ||
| Q1 25 | $56.1M | $162.0M | ||
| Q4 24 | — | $331.8M | ||
| Q3 24 | $29.7M | $104.1M | ||
| Q2 24 | $48.3M | $-29.0M |
| Q1 26 | — | — | ||
| Q4 25 | $30.0M | $440.8M | ||
| Q3 25 | $33.9M | $25.9M | ||
| Q2 25 | $5.5M | $144.5M | ||
| Q1 25 | $53.5M | $160.3M | ||
| Q4 24 | — | $327.8M | ||
| Q3 24 | $28.0M | $103.2M | ||
| Q2 24 | $47.2M | $-30.1M |
| Q1 26 | — | — | ||
| Q4 25 | 20.4% | 179.0% | ||
| Q3 25 | 23.9% | 12.0% | ||
| Q2 25 | 3.8% | 65.1% | ||
| Q1 25 | 39.1% | 74.1% | ||
| Q4 24 | — | 202.5% | ||
| Q3 24 | 20.5% | 58.9% | ||
| Q2 24 | 33.6% | -14.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 1.5% | ||
| Q3 25 | 1.6% | 0.4% | ||
| Q2 25 | 1.2% | 0.2% | ||
| Q1 25 | 1.9% | 0.8% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | 1.3% | 0.5% | ||
| Q2 24 | 0.8% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.16× | 4.55× | ||
| Q3 25 | 1.36× | 0.41× | ||
| Q2 25 | 0.27× | 2.19× | ||
| Q1 25 | 2.38× | 2.32× | ||
| Q4 24 | — | 128.41× | ||
| Q3 24 | 1.14× | 18.33× | ||
| Q2 24 | 1.65× | -0.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXPO
| Revenues before reimbursements | $151.8M | 91% |
| Reimbursements | $14.5M | 9% |
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
