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Side-by-side financial comparison of JFrog Ltd (FROG) 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 $145.3M, roughly 1.7× JFrog Ltd). HCI Group, Inc. runs the higher net margin — 39.7% vs -10.5%, a 50.1% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 25.2%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $49.9M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 9.2%).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
FROG vs HCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $246.2M |
| Net Profit | $-15.2M | $97.7M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | 58.5% |
| Net Margin | -10.5% | 39.7% |
| Revenue YoY | 25.2% | 52.1% |
| Net Profit YoY | 34.4% | 3679.2% |
| EPS (diluted) | $-0.13 | $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 | $145.3M | $246.2M | ||
| Q3 25 | $136.9M | $216.3M | ||
| Q2 25 | $127.2M | $221.9M | ||
| Q1 25 | $122.4M | $216.4M | ||
| Q4 24 | $116.1M | $161.9M | ||
| Q3 24 | $109.1M | $175.3M | ||
| Q2 24 | $103.0M | $206.2M | ||
| Q1 24 | $100.3M | $206.6M |
| Q4 25 | $-15.2M | $97.7M | ||
| Q3 25 | $-16.4M | $65.5M | ||
| Q2 25 | $-21.7M | $66.2M | ||
| Q1 25 | $-18.5M | $69.7M | ||
| Q4 24 | $-23.2M | $2.6M | ||
| Q3 24 | $-22.9M | $5.7M | ||
| Q2 24 | $-14.3M | $54.1M | ||
| Q1 24 | $-8.8M | $47.6M |
| Q4 25 | 77.9% | — | ||
| Q3 25 | 77.4% | — | ||
| Q2 25 | 76.3% | — | ||
| Q1 25 | 75.3% | — | ||
| Q4 24 | 75.4% | — | ||
| Q3 24 | 75.0% | — | ||
| Q2 24 | 78.8% | — | ||
| Q1 24 | 79.5% | — |
| Q4 25 | -14.7% | 58.5% | ||
| Q3 25 | -15.8% | 41.9% | ||
| Q2 25 | -20.4% | 42.5% | ||
| Q1 25 | -18.8% | 46.4% | ||
| Q4 24 | -21.9% | 3.6% | ||
| Q3 24 | -27.4% | 8.0% | ||
| Q2 24 | -18.6% | 36.9% | ||
| Q1 24 | -16.6% | 37.5% |
| Q4 25 | -10.5% | 39.7% | ||
| Q3 25 | -12.0% | 30.3% | ||
| Q2 25 | -17.0% | 29.8% | ||
| Q1 25 | -15.1% | 32.2% | ||
| Q4 24 | -20.0% | 1.6% | ||
| Q3 24 | -21.0% | 3.2% | ||
| Q2 24 | -13.9% | 26.2% | ||
| Q1 24 | -8.8% | 23.0% |
| Q4 25 | $-0.13 | $7.29 | ||
| Q3 25 | $-0.14 | $4.90 | ||
| Q2 25 | $-0.19 | $5.18 | ||
| Q1 25 | $-0.16 | $5.35 | ||
| Q4 24 | $-0.21 | $0.32 | ||
| Q3 24 | $-0.21 | $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 | $704.4M | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $1.0B |
| Total Assets | $1.3B | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $1.2B | ||
| Q3 25 | $651.1M | $987.9M | ||
| Q2 25 | $611.7M | $947.2M | ||
| Q1 25 | $563.5M | $754.5M | ||
| Q4 24 | $522.0M | $532.5M | ||
| Q3 24 | $467.8M | $518.8M | ||
| Q2 24 | $591.3M | $445.8M | ||
| Q1 24 | $579.6M | $655.4M |
| Q4 25 | $887.4M | $1.0B | ||
| Q3 25 | $859.4M | $821.8M | ||
| Q2 25 | $826.5M | $758.6M | ||
| Q1 25 | $800.0M | $522.7M | ||
| Q4 24 | $773.5M | $453.3M | ||
| Q3 24 | $756.2M | $455.3M | ||
| Q2 24 | $721.4M | $447.3M | ||
| Q1 24 | $707.8M | $395.7M |
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.3B | $2.3B | ||
| Q2 25 | $1.2B | $2.4B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.0B | $1.9B | ||
| Q1 24 | $997.1M | $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 | $50.7M | $444.4M |
| Free Cash FlowOCF − Capex | $49.9M | $440.8M |
| FCF MarginFCF / Revenue | 34.3% | 179.0% |
| Capex IntensityCapex / Revenue | 0.6% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $444.4M | ||
| Q3 25 | $30.2M | $26.7M | ||
| Q2 25 | $36.1M | $145.0M | ||
| Q1 25 | $28.8M | $162.0M | ||
| Q4 24 | $49.1M | $331.8M | ||
| Q3 24 | $27.6M | $104.1M | ||
| Q2 24 | $16.7M | $-29.0M | ||
| Q1 24 | $17.5M | $182.0M |
| Q4 25 | $49.9M | $440.8M | ||
| Q3 25 | $28.8M | $25.9M | ||
| Q2 25 | $35.5M | $144.5M | ||
| Q1 25 | $28.1M | $160.3M | ||
| Q4 24 | $48.5M | $327.8M | ||
| Q3 24 | $26.7M | $103.2M | ||
| Q2 24 | $16.0M | $-30.1M | ||
| Q1 24 | $16.6M | $181.0M |
| Q4 25 | 34.3% | 179.0% | ||
| Q3 25 | 21.0% | 12.0% | ||
| Q2 25 | 27.9% | 65.1% | ||
| Q1 25 | 23.0% | 74.1% | ||
| Q4 24 | 41.8% | 202.5% | ||
| Q3 24 | 24.5% | 58.9% | ||
| Q2 24 | 15.5% | -14.6% | ||
| Q1 24 | 16.6% | 87.6% |
| Q4 25 | 0.6% | 1.5% | ||
| Q3 25 | 1.0% | 0.4% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | 0.5% | 2.5% | ||
| Q3 24 | 0.9% | 0.5% | ||
| Q2 24 | 0.7% | 0.5% | ||
| Q1 24 | 0.8% | 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
FROG
Segment breakdown not available.
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
