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Side-by-side financial comparison of HCI Group, Inc. (HCI) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.

Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $246.2M, roughly 1.8× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 6.9%, a 32.8% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs -9.3%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $28.5M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs -6.7%).

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

Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.

HCI vs KOP — Head-to-Head

Bigger by revenue
KOP
KOP
1.8× larger
KOP
$432.7M
$246.2M
HCI
Growing faster (revenue YoY)
HCI
HCI
+61.4% gap
HCI
52.1%
-9.3%
KOP
Higher net margin
HCI
HCI
32.8% more per $
HCI
39.7%
6.9%
KOP
More free cash flow
HCI
HCI
$412.3M more FCF
HCI
$440.8M
$28.5M
KOP
Faster 2-yr revenue CAGR
HCI
HCI
Annualised
HCI
9.2%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCI
HCI
KOP
KOP
Revenue
$246.2M
$432.7M
Net Profit
$97.7M
$29.7M
Gross Margin
25.6%
Operating Margin
58.5%
11.5%
Net Margin
39.7%
6.9%
Revenue YoY
52.1%
-9.3%
Net Profit YoY
3679.2%
391.2%
EPS (diluted)
$7.29
$1.44

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
KOP
KOP
Q4 25
$246.2M
$432.7M
Q3 25
$216.3M
$485.3M
Q2 25
$221.9M
$504.8M
Q1 25
$216.4M
$456.5M
Q4 24
$161.9M
$477.0M
Q3 24
$175.3M
$554.3M
Q2 24
$206.2M
$563.2M
Q1 24
$206.6M
$497.6M
Net Profit
HCI
HCI
KOP
KOP
Q4 25
$97.7M
$29.7M
Q3 25
$65.5M
$23.8M
Q2 25
$66.2M
$16.4M
Q1 25
$69.7M
$-13.9M
Q4 24
$2.6M
$-10.2M
Q3 24
$5.7M
$22.8M
Q2 24
$54.1M
$26.8M
Q1 24
$47.6M
$13.0M
Gross Margin
HCI
HCI
KOP
KOP
Q4 25
25.6%
Q3 25
24.1%
Q2 25
22.6%
Q1 25
23.2%
Q4 24
17.5%
Q3 24
21.9%
Q2 24
21.6%
Q1 24
19.3%
Operating Margin
HCI
HCI
KOP
KOP
Q4 25
58.5%
11.5%
Q3 25
41.9%
10.7%
Q2 25
42.5%
7.7%
Q1 25
46.4%
5.9%
Q4 24
3.6%
1.3%
Q3 24
8.0%
9.0%
Q2 24
36.9%
10.2%
Q1 24
37.5%
7.0%
Net Margin
HCI
HCI
KOP
KOP
Q4 25
39.7%
6.9%
Q3 25
30.3%
4.9%
Q2 25
29.8%
3.2%
Q1 25
32.2%
-3.0%
Q4 24
1.6%
-2.1%
Q3 24
3.2%
4.1%
Q2 24
26.2%
4.8%
Q1 24
23.0%
2.6%
EPS (diluted)
HCI
HCI
KOP
KOP
Q4 25
$7.29
$1.44
Q3 25
$4.90
$1.17
Q2 25
$5.18
$0.81
Q1 25
$5.35
$-0.68
Q4 24
$0.32
$-0.47
Q3 24
$0.52
$1.09
Q2 24
$4.24
$1.25
Q1 24
$3.81
$0.59

Balance Sheet & Financial Strength

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

Metric
HCI
HCI
KOP
KOP
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
$928.3M
Stockholders' EquityBook value
$1.0B
$574.0M
Total Assets
$2.5B
$1.9B
Debt / EquityLower = less leverage
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCI
HCI
KOP
KOP
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 24
$655.4M
Total Debt
HCI
HCI
KOP
KOP
Q4 25
$928.3M
Q3 25
$932.9M
Q2 25
$977.5M
Q1 25
$989.0M
Q4 24
$939.5M
Q3 24
$989.4M
Q2 24
$1.0B
Q1 24
$877.6M
Stockholders' Equity
HCI
HCI
KOP
KOP
Q4 25
$1.0B
$574.0M
Q3 25
$821.8M
$545.6M
Q2 25
$758.6M
$526.8M
Q1 25
$522.7M
$498.0M
Q4 24
$453.3M
$488.7M
Q3 24
$455.3M
$532.3M
Q2 24
$447.3M
$509.2M
Q1 24
$395.7M
$505.8M
Total Assets
HCI
HCI
KOP
KOP
Q4 25
$2.5B
$1.9B
Q3 25
$2.3B
$1.9B
Q2 25
$2.4B
$1.9B
Q1 25
$2.3B
$1.9B
Q4 24
$2.2B
$1.9B
Q3 24
$2.0B
$2.0B
Q2 24
$1.9B
$1.9B
Q1 24
$1.8B
$1.8B
Debt / Equity
HCI
HCI
KOP
KOP
Q4 25
1.62×
Q3 25
1.71×
Q2 25
1.86×
Q1 25
1.99×
Q4 24
1.92×
Q3 24
1.86×
Q2 24
1.97×
Q1 24
1.74×

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
KOP
KOP
Operating Cash FlowLast quarter
$444.4M
$45.1M
Free Cash FlowOCF − Capex
$440.8M
$28.5M
FCF MarginFCF / Revenue
179.0%
6.6%
Capex IntensityCapex / Revenue
1.5%
3.8%
Cash ConversionOCF / Net Profit
4.55×
1.52×
TTM Free Cash FlowTrailing 4 quarters
$771.4M
$67.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCI
HCI
KOP
KOP
Q4 25
$444.4M
$45.1M
Q3 25
$26.7M
$49.6M
Q2 25
$145.0M
$50.5M
Q1 25
$162.0M
$-22.7M
Q4 24
$331.8M
$74.7M
Q3 24
$104.1M
$29.8M
Q2 24
$-29.0M
$27.2M
Q1 24
$182.0M
$-12.3M
Free Cash Flow
HCI
HCI
KOP
KOP
Q4 25
$440.8M
$28.5M
Q3 25
$25.9M
$37.6M
Q2 25
$144.5M
$38.4M
Q1 25
$160.3M
$-37.0M
Q4 24
$327.8M
$56.1M
Q3 24
$103.2M
$14.4M
Q2 24
$-30.1M
$10.1M
Q1 24
$181.0M
$-38.6M
FCF Margin
HCI
HCI
KOP
KOP
Q4 25
179.0%
6.6%
Q3 25
12.0%
7.7%
Q2 25
65.1%
7.6%
Q1 25
74.1%
-8.1%
Q4 24
202.5%
11.8%
Q3 24
58.9%
2.6%
Q2 24
-14.6%
1.8%
Q1 24
87.6%
-7.8%
Capex Intensity
HCI
HCI
KOP
KOP
Q4 25
1.5%
3.8%
Q3 25
0.4%
2.5%
Q2 25
0.2%
2.4%
Q1 25
0.8%
3.1%
Q4 24
2.5%
3.9%
Q3 24
0.5%
2.8%
Q2 24
0.5%
3.0%
Q1 24
0.5%
5.3%
Cash Conversion
HCI
HCI
KOP
KOP
Q4 25
4.55×
1.52×
Q3 25
0.41×
2.08×
Q2 25
2.19×
3.08×
Q1 25
2.32×
Q4 24
128.41×
Q3 24
18.33×
1.31×
Q2 24
-0.54×
1.01×
Q1 24
3.82×
-0.95×

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%

KOP
KOP

Other$127.8M30%
Railroad Treated Products$119.0M28%
Utility Poles$79.8M18%
Pitch And Related Products$74.1M17%
Carbon Black Feedstock And Distillates$14.4M3%
Railroad Infrastructure Products And Services$9.9M2%
Phthalic Anhydride Naphthalene And Other Chemicals$7.7M2%

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