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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and HCI Group, Inc. (HCI). Click either name above to swap in a different company.
FOX FACTORY HOLDING CORP is the larger business by last-quarter revenue ($376.4M vs $246.2M, roughly 1.5× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs -0.2%, a 39.8% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 4.8%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $-2.5M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 6.4%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
FOXF vs HCI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $246.2M |
| Net Profit | $-634.0K | $97.7M |
| Gross Margin | 30.4% | — |
| Operating Margin | 4.0% | 58.5% |
| Net Margin | -0.2% | 39.7% |
| Revenue YoY | 4.8% | 52.1% |
| Net Profit YoY | -113.3% | 3679.2% |
| EPS (diluted) | $-0.02 | $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 | $376.4M | $246.2M | ||
| Q3 25 | $374.9M | $216.3M | ||
| Q2 25 | $355.0M | $221.9M | ||
| Q1 25 | $352.8M | $216.4M | ||
| Q4 24 | — | $161.9M | ||
| Q3 24 | $359.1M | $175.3M | ||
| Q2 24 | $348.5M | $206.2M | ||
| Q1 24 | $333.5M | $206.6M |
| Q4 25 | $-634.0K | $97.7M | ||
| Q3 25 | $2.7M | $65.5M | ||
| Q2 25 | $-259.7M | $66.2M | ||
| Q1 25 | $-141.0K | $69.7M | ||
| Q4 24 | — | $2.6M | ||
| Q3 24 | $4.8M | $5.7M | ||
| Q2 24 | $5.4M | $54.1M | ||
| Q1 24 | $-3.5M | $47.6M |
| Q4 25 | 30.4% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 29.9% | — | ||
| Q2 24 | 31.8% | — | ||
| Q1 24 | 30.9% | — |
| Q4 25 | 4.0% | 58.5% | ||
| Q3 25 | 4.9% | 41.9% | ||
| Q2 25 | -70.6% | 42.5% | ||
| Q1 25 | 3.2% | 46.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | 5.2% | 8.0% | ||
| Q2 24 | 5.3% | 36.9% | ||
| Q1 24 | 2.7% | 37.5% |
| Q4 25 | -0.2% | 39.7% | ||
| Q3 25 | 0.7% | 30.3% | ||
| Q2 25 | -73.1% | 29.8% | ||
| Q1 25 | -0.0% | 32.2% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 1.3% | 3.2% | ||
| Q2 24 | 1.6% | 26.2% | ||
| Q1 24 | -1.0% | 23.0% |
| Q4 25 | $-0.02 | $7.29 | ||
| Q3 25 | $0.07 | $4.90 | ||
| Q2 25 | $-6.23 | $5.18 | ||
| Q1 25 | $0.00 | $5.35 | ||
| Q4 24 | — | $0.32 | ||
| Q3 24 | $0.11 | $0.52 | ||
| Q2 24 | $0.13 | $4.24 | ||
| Q1 24 | $-0.08 | $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 | — | $1.2B |
| Total DebtLower is stronger | $536.7M | — |
| Stockholders' EquityBook value | $956.0M | $1.0B |
| Total Assets | $2.0B | $2.5B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $987.9M | ||
| Q2 25 | — | $947.2M | ||
| Q1 25 | $71.7M | $754.5M | ||
| Q4 24 | — | $532.5M | ||
| Q3 24 | — | $518.8M | ||
| Q2 24 | — | $445.8M | ||
| Q1 24 | — | $655.4M |
| Q4 25 | $536.7M | — | ||
| Q3 25 | $541.8M | — | ||
| Q2 25 | $546.9M | — | ||
| Q1 25 | $552.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $558.4M | — | ||
| Q2 24 | $564.1M | — | ||
| Q1 24 | $370.4M | — |
| Q4 25 | $956.0M | $1.0B | ||
| Q3 25 | $958.7M | $821.8M | ||
| Q2 25 | $939.9M | $758.6M | ||
| Q1 25 | $1.2B | $522.7M | ||
| Q4 24 | — | $453.3M | ||
| Q3 24 | $1.2B | $455.3M | ||
| Q2 24 | $1.2B | $447.3M | ||
| Q1 24 | $1.2B | $395.7M |
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $2.2B | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $2.3B | $2.0B | ||
| Q2 24 | $2.3B | $1.9B | ||
| Q1 24 | $2.2B | $1.8B |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.31× | — |
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 | $5.3M | $444.4M |
| Free Cash FlowOCF − Capex | $-2.5M | $440.8M |
| FCF MarginFCF / Revenue | -0.7% | 179.0% |
| Capex IntensityCapex / Revenue | 2.1% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $444.4M | ||
| Q3 25 | $36.8M | $26.7M | ||
| Q2 25 | $680.0K | $145.0M | ||
| Q1 25 | $81.7M | $162.0M | ||
| Q4 24 | — | $331.8M | ||
| Q3 24 | $14.1M | $104.1M | ||
| Q2 24 | $26.7M | $-29.0M | ||
| Q1 24 | $9.4M | $182.0M |
| Q4 25 | $-2.5M | $440.8M | ||
| Q3 25 | $24.6M | $25.9M | ||
| Q2 25 | $-6.5M | $144.5M | ||
| Q1 25 | $69.8M | $160.3M | ||
| Q4 24 | — | $327.8M | ||
| Q3 24 | $3.2M | $103.2M | ||
| Q2 24 | $15.4M | $-30.1M | ||
| Q1 24 | $-555.0K | $181.0M |
| Q4 25 | -0.7% | 179.0% | ||
| Q3 25 | 6.6% | 12.0% | ||
| Q2 25 | -1.8% | 65.1% | ||
| Q1 25 | 19.8% | 74.1% | ||
| Q4 24 | — | 202.5% | ||
| Q3 24 | 0.9% | 58.9% | ||
| Q2 24 | 4.4% | -14.6% | ||
| Q1 24 | -0.2% | 87.6% |
| Q4 25 | 2.1% | 1.5% | ||
| Q3 25 | 3.3% | 0.4% | ||
| Q2 25 | 2.0% | 0.2% | ||
| Q1 25 | 3.4% | 0.8% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | 3.0% | 0.5% | ||
| Q2 24 | 3.2% | 0.5% | ||
| Q1 24 | 3.0% | 0.5% |
| Q4 25 | — | 4.55× | ||
| Q3 25 | 13.41× | 0.41× | ||
| Q2 25 | — | 2.19× | ||
| Q1 25 | — | 2.32× | ||
| Q4 24 | — | 128.41× | ||
| Q3 24 | 2.94× | 18.33× | ||
| Q2 24 | 4.94× | -0.54× | ||
| Q1 24 | — | 3.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
