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Side-by-side financial comparison of HCI Group, Inc. (HCI) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.

HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $246.2M, roughly 1.1× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 0.7%, a 38.9% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs -16.5%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $3.4M).

HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

HCI vs HCM — Head-to-Head

Bigger by revenue
HCM
HCM
1.1× larger
HCM
$270.8M
$246.2M
HCI
Growing faster (revenue YoY)
HCI
HCI
+68.7% gap
HCI
52.1%
-16.5%
HCM
Higher net margin
HCI
HCI
38.9% more per $
HCI
39.7%
0.7%
HCM
More free cash flow
HCI
HCI
$437.5M more FCF
HCI
$440.8M
$3.4M
HCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCI
HCI
HCM
HCM
Revenue
$246.2M
$270.8M
Net Profit
$97.7M
$2.0M
Gross Margin
37.7%
Operating Margin
58.5%
-13.2%
Net Margin
39.7%
0.7%
Revenue YoY
52.1%
-16.5%
Net Profit YoY
3679.2%
-83.6%
EPS (diluted)
$7.29
$0.00

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.

Revenue
HCI
HCI
HCM
HCM
Q4 25
$246.2M
$270.8M
Q3 25
$216.3M
Q2 25
$221.9M
$277.7M
Q1 25
$216.4M
$324.5M
Q4 24
$161.9M
Q3 24
$175.3M
Q2 24
$206.2M
$305.7M
Q1 24
$206.6M
Net Profit
HCI
HCI
HCM
HCM
Q4 25
$97.7M
$2.0M
Q3 25
$65.5M
Q2 25
$66.2M
$455.0M
Q1 25
$69.7M
$11.9M
Q4 24
$2.6M
Q3 24
$5.7M
Q2 24
$54.1M
$25.8M
Q1 24
$47.6M
Gross Margin
HCI
HCI
HCM
HCM
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Q1 24
Operating Margin
HCI
HCI
HCM
HCM
Q4 25
58.5%
-13.2%
Q3 25
41.9%
Q2 25
42.5%
-1.3%
Q1 25
46.4%
-5.0%
Q4 24
3.6%
Q3 24
8.0%
Q2 24
36.9%
-9.0%
Q1 24
37.5%
Net Margin
HCI
HCI
HCM
HCM
Q4 25
39.7%
0.7%
Q3 25
30.3%
Q2 25
29.8%
163.8%
Q1 25
32.2%
3.7%
Q4 24
1.6%
Q3 24
3.2%
Q2 24
26.2%
8.4%
Q1 24
23.0%
EPS (diluted)
HCI
HCI
HCM
HCM
Q4 25
$7.29
$0.00
Q3 25
$4.90
Q2 25
$5.18
$0.52
Q1 25
$5.35
$0.01
Q4 24
$0.32
Q3 24
$0.52
Q2 24
$4.24
$0.03
Q1 24
$3.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HCI
HCI
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$1.2B
$1.4B
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$1.0B
$1.2B
Total Assets
$2.5B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCI
HCI
HCM
HCM
Q4 25
$1.2B
$1.4B
Q3 25
$987.9M
Q2 25
$947.2M
$1.4B
Q1 25
$754.5M
$836.1M
Q4 24
$532.5M
Q3 24
$518.8M
Q2 24
$445.8M
$802.5M
Q1 24
$655.4M
Total Debt
HCI
HCI
HCM
HCM
Q4 25
$93.2M
Q3 25
Q2 25
$93.4M
Q1 25
$82.8M
Q4 24
Q3 24
Q2 24
$82.1M
Q1 24
Stockholders' Equity
HCI
HCI
HCM
HCM
Q4 25
$1.0B
$1.2B
Q3 25
$821.8M
Q2 25
$758.6M
$1.2B
Q1 25
$522.7M
$759.9M
Q4 24
$453.3M
Q3 24
$455.3M
Q2 24
$447.3M
$740.1M
Q1 24
$395.7M
Total Assets
HCI
HCI
HCM
HCM
Q4 25
$2.5B
$1.8B
Q3 25
$2.3B
Q2 25
$2.4B
$1.8B
Q1 25
$2.3B
$1.3B
Q4 24
$2.2B
Q3 24
$2.0B
Q2 24
$1.9B
$1.3B
Q1 24
$1.8B
Debt / Equity
HCI
HCI
HCM
HCM
Q4 25
0.08×
Q3 25
Q2 25
0.08×
Q1 25
0.11×
Q4 24
Q3 24
Q2 24
0.11×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HCI
HCI
HCM
HCM
Operating Cash FlowLast quarter
$444.4M
$8.2M
Free Cash FlowOCF − Capex
$440.8M
$3.4M
FCF MarginFCF / Revenue
179.0%
1.2%
Capex IntensityCapex / Revenue
1.5%
1.8%
Cash ConversionOCF / Net Profit
4.55×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$771.4M
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCI
HCI
HCM
HCM
Q4 25
$444.4M
$8.2M
Q3 25
$26.7M
Q2 25
$145.0M
$-72.9M
Q1 25
$162.0M
$40.3M
Q4 24
$331.8M
Q3 24
$104.1M
Q2 24
$-29.0M
$-39.8M
Q1 24
$182.0M
Free Cash Flow
HCI
HCI
HCM
HCM
Q4 25
$440.8M
$3.4M
Q3 25
$25.9M
Q2 25
$144.5M
$-82.2M
Q1 25
$160.3M
$32.5M
Q4 24
$327.8M
Q3 24
$103.2M
Q2 24
$-30.1M
$-49.9M
Q1 24
$181.0M
FCF Margin
HCI
HCI
HCM
HCM
Q4 25
179.0%
1.2%
Q3 25
12.0%
Q2 25
65.1%
-29.6%
Q1 25
74.1%
10.0%
Q4 24
202.5%
Q3 24
58.9%
Q2 24
-14.6%
-16.3%
Q1 24
87.6%
Capex Intensity
HCI
HCI
HCM
HCM
Q4 25
1.5%
1.8%
Q3 25
0.4%
Q2 25
0.2%
3.3%
Q1 25
0.8%
2.4%
Q4 24
2.5%
Q3 24
0.5%
Q2 24
0.5%
3.3%
Q1 24
0.5%
Cash Conversion
HCI
HCI
HCM
HCM
Q4 25
4.55×
4.21×
Q3 25
0.41×
Q2 25
2.19×
-0.16×
Q1 25
2.32×
3.38×
Q4 24
128.41×
Q3 24
18.33×
Q2 24
-0.54×
-1.54×
Q1 24
3.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HCI
HCI

Insurance Operation$218.3M89%
Reciprocal Exchange Operation$27.0M11%

HCM
HCM

Segment breakdown not available.

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