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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and HCI Group, Inc. (HCI). Click either name above to swap in a different company.
WARRIOR MET COAL, INC. is the larger business by last-quarter revenue ($458.6M vs $246.2M, roughly 1.9× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 15.8%, a 23.9% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 52.1%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 7.5%).
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
HCC vs HCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $246.2M |
| Net Profit | $72.3M | $97.7M |
| Gross Margin | 36.7% | — |
| Operating Margin | 17.3% | 58.5% |
| Net Margin | 15.8% | 39.7% |
| Revenue YoY | 52.1% | 52.1% |
| Net Profit YoY | — | 3679.2% |
| EPS (diluted) | $1.37 | $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 | $458.6M | — | ||
| Q4 25 | $384.0M | $246.2M | ||
| Q3 25 | $328.6M | $216.3M | ||
| Q2 25 | $297.5M | $221.9M | ||
| Q1 25 | $299.9M | $216.4M | ||
| Q4 24 | $297.5M | $161.9M | ||
| Q3 24 | $327.7M | $175.3M | ||
| Q2 24 | $396.5M | $206.2M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $97.7M | ||
| Q3 25 | $36.6M | $65.5M | ||
| Q2 25 | $5.6M | $66.2M | ||
| Q1 25 | $-8.2M | $69.7M | ||
| Q4 24 | $1.1M | $2.6M | ||
| Q3 24 | $41.8M | $5.7M | ||
| Q2 24 | $70.7M | $54.1M |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | — | ||
| Q3 25 | 27.1% | — | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 23.1% | — | ||
| Q3 24 | 29.3% | — | ||
| Q2 24 | 34.1% | — |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | 58.5% | ||
| Q3 25 | 6.3% | 41.9% | ||
| Q2 25 | 2.6% | 42.5% | ||
| Q1 25 | -5.8% | 46.4% | ||
| Q4 24 | -1.4% | 3.6% | ||
| Q3 24 | 11.9% | 8.0% | ||
| Q2 24 | 17.9% | 36.9% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | 39.7% | ||
| Q3 25 | 11.1% | 30.3% | ||
| Q2 25 | 1.9% | 29.8% | ||
| Q1 25 | -2.7% | 32.2% | ||
| Q4 24 | 0.4% | 1.6% | ||
| Q3 24 | 12.7% | 3.2% | ||
| Q2 24 | 17.8% | 26.2% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $7.29 | ||
| Q3 25 | $0.70 | $4.90 | ||
| Q2 25 | $0.11 | $5.18 | ||
| Q1 25 | $-0.16 | $5.35 | ||
| Q4 24 | $0.02 | $0.32 | ||
| Q3 24 | $0.80 | $0.52 | ||
| Q2 24 | $1.35 | $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 | $233.2M | $1.2B |
| Total DebtLower is stronger | $154.4M | — |
| Stockholders' EquityBook value | — | $1.0B |
| Total Assets | $2.8B | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $1.2B | ||
| Q3 25 | $336.3M | $987.9M | ||
| Q2 25 | $383.3M | $947.2M | ||
| Q1 25 | $454.9M | $754.5M | ||
| Q4 24 | $491.5M | $532.5M | ||
| Q3 24 | $583.2M | $518.8M | ||
| Q2 24 | $709.0M | $445.8M |
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | — | ||
| Q3 25 | $154.1M | — | ||
| Q2 25 | $153.9M | — | ||
| Q1 25 | $153.8M | — | ||
| Q4 24 | $153.6M | — | ||
| Q3 24 | $153.5M | — | ||
| Q2 24 | $153.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $2.1B | $821.8M | ||
| Q2 25 | $2.1B | $758.6M | ||
| Q1 25 | $2.1B | $522.7M | ||
| Q4 24 | $2.1B | $453.3M | ||
| Q3 24 | $2.1B | $455.3M | ||
| Q2 24 | $2.0B | $447.3M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $2.5B | ||
| Q3 25 | $2.7B | $2.3B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.6B | $2.2B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $2.6B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.07× | — |
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 | $76.1M | $444.4M | ||
| Q3 25 | $104.7M | $26.7M | ||
| Q2 25 | $37.5M | $145.0M | ||
| Q1 25 | $10.9M | $162.0M | ||
| Q4 24 | $54.2M | $331.8M | ||
| Q3 24 | $62.2M | $104.1M | ||
| Q2 24 | $147.0M | $-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 | — | — | ||
| 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 | 3.31× | 4.55× | ||
| Q3 25 | 2.86× | 0.41× | ||
| Q2 25 | 6.70× | 2.19× | ||
| Q1 25 | — | 2.32× | ||
| Q4 24 | 47.68× | 128.41× | ||
| Q3 24 | 1.49× | 18.33× | ||
| Q2 24 | 2.08× | -0.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
