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Side-by-side financial comparison of HCI Group, Inc. (HCI) and IMAX CORP (IMAX). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $125.2M, roughly 2.0× IMAX CORP). HCI Group, Inc. runs the higher net margin — 39.7% vs 0.5%, a 39.1% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 35.1%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $28.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 9.2%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
HCI vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.2M | $125.2M |
| Net Profit | $97.7M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | 58.5% | 19.3% |
| Net Margin | 39.7% | 0.5% |
| Revenue YoY | 52.1% | 35.1% |
| Net Profit YoY | 3679.2% | -88.0% |
| EPS (diluted) | $7.29 | $0.02 |
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 | $246.2M | $125.2M | ||
| Q3 25 | $216.3M | $106.7M | ||
| Q2 25 | $221.9M | $91.7M | ||
| Q1 25 | $216.4M | $86.7M | ||
| Q4 24 | $161.9M | $92.7M | ||
| Q3 24 | $175.3M | $91.5M | ||
| Q2 24 | $206.2M | $89.0M | ||
| Q1 24 | $206.6M | $79.1M |
| Q4 25 | $97.7M | $637.0K | ||
| Q3 25 | $65.5M | $20.7M | ||
| Q2 25 | $66.2M | $11.3M | ||
| Q1 25 | $69.7M | $2.3M | ||
| Q4 24 | $2.6M | $5.3M | ||
| Q3 24 | $5.7M | $13.9M | ||
| Q2 24 | $54.1M | $3.6M | ||
| Q1 24 | $47.6M | $3.3M |
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 58.5% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 59.3% |
| Q4 25 | 58.5% | 19.3% | ||
| Q3 25 | 41.9% | 27.2% | ||
| Q2 25 | 42.5% | 15.6% | ||
| Q1 25 | 46.4% | 19.3% | ||
| Q4 24 | 3.6% | 10.3% | ||
| Q3 24 | 8.0% | 21.2% | ||
| Q2 24 | 36.9% | 3.2% | ||
| Q1 24 | 37.5% | 15.3% |
| Q4 25 | 39.7% | 0.5% | ||
| Q3 25 | 30.3% | 19.4% | ||
| Q2 25 | 29.8% | 12.3% | ||
| Q1 25 | 32.2% | 2.7% | ||
| Q4 24 | 1.6% | 5.7% | ||
| Q3 24 | 3.2% | 15.2% | ||
| Q2 24 | 26.2% | 4.0% | ||
| Q1 24 | 23.0% | 4.1% |
| Q4 25 | $7.29 | $0.02 | ||
| Q3 25 | $4.90 | $0.37 | ||
| Q2 25 | $5.18 | $0.20 | ||
| Q1 25 | $5.35 | $0.04 | ||
| Q4 24 | $0.32 | $0.09 | ||
| Q3 24 | $0.52 | $0.26 | ||
| Q2 24 | $4.24 | $0.07 | ||
| Q1 24 | $3.81 | $0.06 |
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 | $151.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $337.9M |
| Total Assets | $2.5B | $894.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $151.2M | ||
| Q3 25 | $987.9M | $143.1M | ||
| Q2 25 | $947.2M | $109.3M | ||
| Q1 25 | $754.5M | $97.1M | ||
| Q4 24 | $532.5M | $100.6M | ||
| Q3 24 | $518.8M | $104.5M | ||
| Q2 24 | $445.8M | $91.6M | ||
| Q1 24 | $655.4M | $81.0M |
| Q4 25 | $1.0B | $337.9M | ||
| Q3 25 | $821.8M | $349.5M | ||
| Q2 25 | $758.6M | $320.4M | ||
| Q1 25 | $522.7M | $299.5M | ||
| Q4 24 | $453.3M | $299.5M | ||
| Q3 24 | $455.3M | $289.4M | ||
| Q2 24 | $447.3M | $267.2M | ||
| Q1 24 | $395.7M | $258.8M |
| Q4 25 | $2.5B | $894.0M | ||
| Q3 25 | $2.3B | $889.6M | ||
| Q2 25 | $2.4B | $868.6M | ||
| Q1 25 | $2.3B | $848.3M | ||
| Q4 24 | $2.2B | $830.4M | ||
| Q3 24 | $2.0B | $847.6M | ||
| Q2 24 | $1.9B | $827.4M | ||
| Q1 24 | $1.8B | $824.1M |
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 | $29.4M |
| Free Cash FlowOCF − Capex | $440.8M | $28.0M |
| FCF MarginFCF / Revenue | 179.0% | 22.3% |
| Capex IntensityCapex / Revenue | 1.5% | 1.1% |
| Cash ConversionOCF / Net Profit | 4.55× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $771.4M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $444.4M | $29.4M | ||
| Q3 25 | $26.7M | $67.5M | ||
| Q2 25 | $145.0M | $23.2M | ||
| Q1 25 | $162.0M | $7.0M | ||
| Q4 24 | $331.8M | $11.5M | ||
| Q3 24 | $104.1M | $35.3M | ||
| Q2 24 | $-29.0M | $35.0M | ||
| Q1 24 | $182.0M | $-11.0M |
| Q4 25 | $440.8M | $28.0M | ||
| Q3 25 | $25.9M | $64.8M | ||
| Q2 25 | $144.5M | $20.9M | ||
| Q1 25 | $160.3M | $5.3M | ||
| Q4 24 | $327.8M | $6.9M | ||
| Q3 24 | $103.2M | $34.2M | ||
| Q2 24 | $-30.1M | $33.5M | ||
| Q1 24 | $181.0M | $-12.1M |
| Q4 25 | 179.0% | 22.3% | ||
| Q3 25 | 12.0% | 60.7% | ||
| Q2 25 | 65.1% | 22.8% | ||
| Q1 25 | 74.1% | 6.1% | ||
| Q4 24 | 202.5% | 7.4% | ||
| Q3 24 | 58.9% | 37.3% | ||
| Q2 24 | -14.6% | 37.6% | ||
| Q1 24 | 87.6% | -15.3% |
| Q4 25 | 1.5% | 1.1% | ||
| Q3 25 | 0.4% | 2.6% | ||
| Q2 25 | 0.2% | 2.6% | ||
| Q1 25 | 0.8% | 1.9% | ||
| Q4 24 | 2.5% | 5.0% | ||
| Q3 24 | 0.5% | 1.2% | ||
| Q2 24 | 0.5% | 1.8% | ||
| Q1 24 | 0.5% | 1.4% |
| Q4 25 | 4.55× | 46.11× | ||
| Q3 25 | 0.41× | 3.27× | ||
| Q2 25 | 2.19× | 2.06× | ||
| Q1 25 | 2.32× | 2.99× | ||
| Q4 24 | 128.41× | 2.16× | ||
| Q3 24 | 18.33× | 2.54× | ||
| Q2 24 | -0.54× | 9.78× | ||
| Q1 24 | 3.82× | -3.35× |
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% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
