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Side-by-side financial comparison of HCI Group, Inc. (HCI) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.

Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $242.9M, roughly 1.3× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 35.0% vs 28.1%, a 6.9% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (12.2% vs 5.3%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (8.5% CAGR vs 5.9%).

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

Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.

HCI vs LOPE — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.3× larger
LOPE
$308.1M
$242.9M
HCI
Growing faster (revenue YoY)
HCI
HCI
+6.9% gap
HCI
12.2%
5.3%
LOPE
Higher net margin
HCI
HCI
6.9% more per $
HCI
35.0%
28.1%
LOPE
Faster 2-yr revenue CAGR
HCI
HCI
Annualised
HCI
8.5%
5.9%
LOPE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HCI
HCI
LOPE
LOPE
Revenue
$242.9M
$308.1M
Net Profit
$85.0M
$86.7M
Gross Margin
Operating Margin
35.1%
Net Margin
35.0%
28.1%
Revenue YoY
12.2%
5.3%
Net Profit YoY
14.6%
5.9%
EPS (diluted)
$5.45
$3.13

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
LOPE
LOPE
Q1 26
$242.9M
Q4 25
$246.2M
$308.1M
Q3 25
$216.3M
$261.1M
Q2 25
$221.9M
$247.5M
Q1 25
$216.4M
$289.3M
Q4 24
$161.9M
$292.6M
Q3 24
$175.3M
$238.3M
Q2 24
$206.2M
$227.5M
Net Profit
HCI
HCI
LOPE
LOPE
Q1 26
$85.0M
Q4 25
$97.7M
$86.7M
Q3 25
$65.5M
$16.3M
Q2 25
$66.2M
$41.5M
Q1 25
$69.7M
$71.6M
Q4 24
$2.6M
$81.9M
Q3 24
$5.7M
$41.5M
Q2 24
$54.1M
$34.9M
Operating Margin
HCI
HCI
LOPE
LOPE
Q1 26
Q4 25
58.5%
35.1%
Q3 25
41.9%
6.9%
Q2 25
42.5%
20.9%
Q1 25
46.4%
30.4%
Q4 24
3.6%
34.2%
Q3 24
8.0%
20.2%
Q2 24
36.9%
18.8%
Net Margin
HCI
HCI
LOPE
LOPE
Q1 26
35.0%
Q4 25
39.7%
28.1%
Q3 25
30.3%
6.2%
Q2 25
29.8%
16.8%
Q1 25
32.2%
24.8%
Q4 24
1.6%
28.0%
Q3 24
3.2%
17.4%
Q2 24
26.2%
15.3%
EPS (diluted)
HCI
HCI
LOPE
LOPE
Q1 26
$5.45
Q4 25
$7.29
$3.13
Q3 25
$4.90
$0.58
Q2 25
$5.18
$1.48
Q1 25
$5.35
$2.52
Q4 24
$0.32
$2.83
Q3 24
$0.52
$1.42
Q2 24
$4.24
$1.19

Balance Sheet & Financial Strength

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

Metric
HCI
HCI
LOPE
LOPE
Cash + ST InvestmentsLiquidity on hand
$1.0B
$111.8M
Total DebtLower is stronger
$31.7M
Stockholders' EquityBook value
$1.1B
$746.9M
Total Assets
$2.6B
$992.3M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCI
HCI
LOPE
LOPE
Q1 26
$1.0B
Q4 25
$1.2B
$111.8M
Q3 25
$987.9M
$97.3M
Q2 25
$947.2M
$192.3M
Q1 25
$754.5M
$144.5M
Q4 24
$532.5M
$324.6M
Q3 24
$518.8M
$263.6M
Q2 24
$445.8M
$241.3M
Total Debt
HCI
HCI
LOPE
LOPE
Q1 26
$31.7M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
HCI
HCI
LOPE
LOPE
Q1 26
$1.1B
Q4 25
$1.0B
$746.9M
Q3 25
$821.8M
$758.0M
Q2 25
$758.6M
$778.0M
Q1 25
$522.7M
$780.7M
Q4 24
$453.3M
$783.9M
Q3 24
$455.3M
$764.1M
Q2 24
$447.3M
$759.2M
Total Assets
HCI
HCI
LOPE
LOPE
Q1 26
$2.6B
Q4 25
$2.5B
$992.3M
Q3 25
$2.3B
$1.0B
Q2 25
$2.4B
$1.0B
Q1 25
$2.3B
$1.0B
Q4 24
$2.2B
$1.0B
Q3 24
$2.0B
$992.9M
Q2 24
$1.9B
$992.7M
Debt / Equity
HCI
HCI
LOPE
LOPE
Q1 26
0.03×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 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
LOPE
LOPE
Operating Cash FlowLast quarter
$130.5M
Free Cash FlowOCF − Capex
$122.9M
FCF MarginFCF / Revenue
39.9%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.50×
TTM Free Cash FlowTrailing 4 quarters
$238.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCI
HCI
LOPE
LOPE
Q1 26
Q4 25
$444.4M
$130.5M
Q3 25
$26.7M
$-48.6M
Q2 25
$145.0M
$124.0M
Q1 25
$162.0M
$67.6M
Q4 24
$331.8M
$135.8M
Q3 24
$104.1M
$-29.4M
Q2 24
$-29.0M
$98.6M
Free Cash Flow
HCI
HCI
LOPE
LOPE
Q1 26
Q4 25
$440.8M
$122.9M
Q3 25
$25.9M
$-58.3M
Q2 25
$144.5M
$115.4M
Q1 25
$160.3M
$58.7M
Q4 24
$327.8M
$126.1M
Q3 24
$103.2M
$-39.0M
Q2 24
$-30.1M
$89.6M
FCF Margin
HCI
HCI
LOPE
LOPE
Q1 26
Q4 25
179.0%
39.9%
Q3 25
12.0%
-22.3%
Q2 25
65.1%
46.6%
Q1 25
74.1%
20.3%
Q4 24
202.5%
43.1%
Q3 24
58.9%
-16.3%
Q2 24
-14.6%
39.4%
Capex Intensity
HCI
HCI
LOPE
LOPE
Q1 26
Q4 25
1.5%
2.5%
Q3 25
0.4%
3.7%
Q2 25
0.2%
3.5%
Q1 25
0.8%
3.1%
Q4 24
2.5%
3.3%
Q3 24
0.5%
4.0%
Q2 24
0.5%
3.9%
Cash Conversion
HCI
HCI
LOPE
LOPE
Q1 26
Q4 25
4.55×
1.50×
Q3 25
0.41×
-2.99×
Q2 25
2.19×
2.98×
Q1 25
2.32×
0.94×
Q4 24
128.41×
1.66×
Q3 24
18.33×
-0.71×
Q2 24
-0.54×
2.83×

Financial Flow Comparison

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

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