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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) 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 ($242.9M vs $128.3M, roughly 1.9× Granite Ridge Resources, Inc.). HCI Group, Inc. runs the higher net margin — 35.0% vs -36.7%, a 71.7% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (12.2% vs 4.3%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (18.9% CAGR vs 8.5%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
GRNT vs HCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $128.3M | $242.9M |
| Net Profit | $-47.0M | $85.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -36.7% | 35.0% |
| Revenue YoY | 4.3% | 12.2% |
| Net Profit YoY | — | 14.6% |
| EPS (diluted) | $-0.36 | $5.45 |
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 | $128.3M | $242.9M | ||
| Q4 25 | $105.5M | $246.2M | ||
| Q3 25 | $112.7M | $216.3M | ||
| Q2 25 | $109.2M | $221.9M | ||
| Q1 25 | $122.9M | $216.4M | ||
| Q4 24 | $106.3M | $161.9M | ||
| Q3 24 | $94.1M | $175.3M | ||
| Q2 24 | $90.7M | $206.2M |
| Q1 26 | $-47.0M | $85.0M | ||
| Q4 25 | — | $97.7M | ||
| Q3 25 | $14.5M | $65.5M | ||
| Q2 25 | $25.1M | $66.2M | ||
| Q1 25 | $9.8M | $69.7M | ||
| Q4 24 | — | $2.6M | ||
| Q3 24 | $9.1M | $5.7M | ||
| Q2 24 | $5.1M | $54.1M |
| Q1 26 | — | — | ||
| Q4 25 | -34.5% | 58.5% | ||
| Q3 25 | 17.4% | 41.9% | ||
| Q2 25 | 19.0% | 42.5% | ||
| Q1 25 | 34.6% | 46.4% | ||
| Q4 24 | -6.5% | 3.6% | ||
| Q3 24 | 26.2% | 8.0% | ||
| Q2 24 | 24.1% | 36.9% |
| Q1 26 | -36.7% | 35.0% | ||
| Q4 25 | — | 39.7% | ||
| Q3 25 | 12.9% | 30.3% | ||
| Q2 25 | 23.0% | 29.8% | ||
| Q1 25 | 8.0% | 32.2% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 9.6% | 3.2% | ||
| Q2 24 | 5.6% | 26.2% |
| Q1 26 | $-0.36 | $5.45 | ||
| Q4 25 | $-0.19 | $7.29 | ||
| Q3 25 | $0.11 | $4.90 | ||
| Q2 25 | $0.19 | $5.18 | ||
| Q1 25 | $0.07 | $5.35 | ||
| Q4 24 | $-0.09 | $0.32 | ||
| Q3 24 | $0.07 | $0.52 | ||
| Q2 24 | $0.04 | $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 | — | $1.0B |
| Total DebtLower is stronger | $26.3M | $31.7M |
| Stockholders' EquityBook value | $545.6M | $1.1B |
| Total Assets | $1.2B | $2.6B |
| Debt / EquityLower = less leverage | 0.05× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $987.9M | ||
| Q2 25 | — | $947.2M | ||
| Q1 25 | — | $754.5M | ||
| Q4 24 | — | $532.5M | ||
| Q3 24 | — | $518.8M | ||
| Q2 24 | — | $445.8M |
| Q1 26 | $26.3M | $31.7M | ||
| Q4 25 | $367.8M | — | ||
| Q3 25 | $300.0M | — | ||
| Q2 25 | $275.0M | — | ||
| Q1 25 | $250.0M | — | ||
| Q4 24 | $205.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $545.6M | $1.1B | ||
| Q4 25 | $605.8M | $1.0B | ||
| Q3 25 | $643.9M | $821.8M | ||
| Q2 25 | $642.5M | $758.6M | ||
| Q1 25 | $631.4M | $522.7M | ||
| Q4 24 | $635.4M | $453.3M | ||
| Q3 24 | $660.6M | $455.3M | ||
| Q2 24 | $665.3M | $447.3M |
| Q1 26 | $1.2B | $2.6B | ||
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $1.1B | $2.3B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.0B | $2.2B | ||
| Q3 24 | $1.0B | $2.0B | ||
| Q2 24 | $990.5M | $1.9B |
| Q1 26 | 0.05× | 0.03× | ||
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $58.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 47.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $58.3M | — | ||
| Q4 25 | $64.5M | $444.4M | ||
| Q3 25 | $77.8M | $26.7M | ||
| Q2 25 | $78.0M | $145.0M | ||
| Q1 25 | $76.1M | $162.0M | ||
| Q4 24 | $68.2M | $331.8M | ||
| Q3 24 | $74.7M | $104.1M | ||
| Q2 24 | $64.2M | $-29.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $440.8M | ||
| Q3 25 | — | $25.9M | ||
| Q2 25 | — | $144.5M | ||
| Q1 25 | — | $160.3M | ||
| Q4 24 | — | $327.8M | ||
| Q3 24 | — | $103.2M | ||
| Q2 24 | — | $-30.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 179.0% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 65.1% | ||
| Q1 25 | — | 74.1% | ||
| Q4 24 | — | 202.5% | ||
| Q3 24 | — | 58.9% | ||
| Q2 24 | — | -14.6% |
| Q1 26 | 47.1% | — | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.55× | ||
| Q3 25 | 5.36× | 0.41× | ||
| Q2 25 | 3.11× | 2.19× | ||
| Q1 25 | 7.75× | 2.32× | ||
| Q4 24 | — | 128.41× | ||
| Q3 24 | 8.25× | 18.33× | ||
| Q2 24 | 12.58× | -0.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil sales | $103.4M | 81% |
| Natural gas and related product sales | $24.8M | 19% |
HCI
Segment breakdown not available.
