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Side-by-side financial comparison of HCI Group, Inc. (HCI) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $246.2M, roughly 1.6× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 30.1%, a 9.5% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 16.7%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $86.0M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs -29.4%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
HCI vs IEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.2M | $398.4M |
| Net Profit | $97.7M | $120.0M |
| Gross Margin | — | 99.9% |
| Operating Margin | 58.5% | 43.3% |
| Net Margin | 39.7% | 30.1% |
| Revenue YoY | 52.1% | 16.7% |
| Net Profit YoY | 3679.2% | 25.7% |
| EPS (diluted) | $7.29 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | — | $407.7M | ||
| Q4 25 | $246.2M | $899.1M | ||
| Q3 25 | $216.3M | $878.7M | ||
| Q2 25 | $221.9M | $865.4M | ||
| Q1 25 | $216.4M | $814.3M | ||
| Q4 24 | $161.9M | $862.9M | ||
| Q3 24 | $175.3M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | — | $128.3M | ||
| Q4 25 | $97.7M | $128.3M | ||
| Q3 25 | $65.5M | $127.8M | ||
| Q2 25 | $66.2M | $131.6M | ||
| Q1 25 | $69.7M | $95.5M | ||
| Q4 24 | $2.6M | $123.2M | ||
| Q3 24 | $5.7M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | 45.3% | ||
| Q1 25 | — | 45.3% | ||
| Q4 24 | — | 42.5% | ||
| Q3 24 | — | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | — | 45.0% | ||
| Q4 25 | 58.5% | 20.4% | ||
| Q3 25 | 41.9% | 21.1% | ||
| Q2 25 | 42.5% | 21.7% | ||
| Q1 25 | 46.4% | 17.4% | ||
| Q4 24 | 3.6% | 19.2% | ||
| Q3 24 | 8.0% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | — | 31.5% | ||
| Q4 25 | 39.7% | 14.3% | ||
| Q3 25 | 30.3% | 14.5% | ||
| Q2 25 | 29.8% | 15.2% | ||
| Q1 25 | 32.2% | 11.7% | ||
| Q4 24 | 1.6% | 14.3% | ||
| Q3 24 | 3.2% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | — | $1.71 | ||
| Q4 25 | $7.29 | $1.71 | ||
| Q3 25 | $4.90 | $1.70 | ||
| Q2 25 | $5.18 | $1.74 | ||
| Q1 25 | $5.35 | $1.26 | ||
| Q4 24 | $0.32 | $1.61 | ||
| Q3 24 | $0.52 | $1.57 |
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 | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $4.0B |
| Total Assets | $2.5B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | — | $580.0M | ||
| Q4 25 | $1.2B | $580.0M | ||
| Q3 25 | $987.9M | $593.8M | ||
| Q2 25 | $947.2M | $568.2M | ||
| Q1 25 | $754.5M | $594.1M | ||
| Q4 24 | $532.5M | $620.8M | ||
| Q3 24 | $518.8M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | — | $4.0B | ||
| Q4 25 | $1.0B | $4.0B | ||
| Q3 25 | $821.8M | $4.0B | ||
| Q2 25 | $758.6M | $4.0B | ||
| Q1 25 | $522.7M | $3.9B | ||
| Q4 24 | $453.3M | $3.8B | ||
| Q3 24 | $455.3M | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | — | $6.9B | ||
| Q4 25 | $2.5B | $6.9B | ||
| Q3 25 | $2.3B | $7.0B | ||
| Q2 25 | $2.4B | $6.9B | ||
| Q1 25 | $2.3B | $6.8B | ||
| Q4 24 | $2.2B | $6.7B | ||
| Q3 24 | $2.0B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | $86.0M |
| FCF MarginFCF / Revenue | 179.0% | 21.6% |
| Capex IntensityCapex / Revenue | 1.5% | 4.4% |
| Cash ConversionOCF / Net Profit | 4.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $771.4M | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $444.4M | $209.5M | ||
| Q3 25 | $26.7M | $203.5M | ||
| Q2 25 | $145.0M | $161.7M | ||
| Q1 25 | $162.0M | $105.7M | ||
| Q4 24 | $331.8M | $172.6M | ||
| Q3 24 | $104.1M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $440.8M | $189.8M | ||
| Q3 25 | $25.9M | $188.7M | ||
| Q2 25 | $144.5M | $146.9M | ||
| Q1 25 | $160.3M | $91.4M | ||
| Q4 24 | $327.8M | $157.1M | ||
| Q3 24 | $103.2M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | 179.0% | 21.1% | ||
| Q3 25 | 12.0% | 21.5% | ||
| Q2 25 | 65.1% | 17.0% | ||
| Q1 25 | 74.1% | 11.2% | ||
| Q4 24 | 202.5% | 18.2% | ||
| Q3 24 | 58.9% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | 1.5% | 2.2% | ||
| Q3 25 | 0.4% | 1.7% | ||
| Q2 25 | 0.2% | 1.7% | ||
| Q1 25 | 0.8% | 1.8% | ||
| Q4 24 | 2.5% | 1.8% | ||
| Q3 24 | 0.5% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.55× | 1.63× | ||
| Q3 25 | 0.41× | 1.59× | ||
| Q2 25 | 2.19× | 1.23× | ||
| Q1 25 | 2.32× | 1.11× | ||
| Q4 24 | 128.41× | 1.40× | ||
| Q3 24 | 18.33× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
IEX
Segment breakdown not available.
