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

HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $225.6M, roughly 1.1× Organogenesis Holdings Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 19.4%, a 20.3% gap on every dollar of revenue. On growth, Organogenesis Holdings Inc. posted the faster year-over-year revenue change (78.1% vs 52.1%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $34.8M). Over the past eight quarters, Organogenesis Holdings Inc.'s revenue compounded faster (43.2% CAGR vs 9.2%).

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

Organogenesis Holdings Inc. is a leading regenerative medicine firm specializing in developing and manufacturing advanced therapeutic products for wound care, surgical repair, sports medicine, and dermatology. It serves healthcare providers and patients primarily in the U.S. and select international markets, offering clinically validated solutions for unmet medical needs.

HCI vs ORGO — Head-to-Head

Bigger by revenue
HCI
HCI
1.1× larger
HCI
$246.2M
$225.6M
ORGO
Growing faster (revenue YoY)
ORGO
ORGO
+26.0% gap
ORGO
78.1%
52.1%
HCI
Higher net margin
HCI
HCI
20.3% more per $
HCI
39.7%
19.4%
ORGO
More free cash flow
HCI
HCI
$406.0M more FCF
HCI
$440.8M
$34.8M
ORGO
Faster 2-yr revenue CAGR
ORGO
ORGO
Annualised
ORGO
43.2%
9.2%
HCI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCI
HCI
ORGO
ORGO
Revenue
$246.2M
$225.6M
Net Profit
$97.7M
$43.7M
Gross Margin
Operating Margin
58.5%
28.1%
Net Margin
39.7%
19.4%
Revenue YoY
52.1%
78.1%
Net Profit YoY
3679.2%
469.5%
EPS (diluted)
$7.29
$0.31

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
ORGO
ORGO
Q4 25
$246.2M
$225.6M
Q3 25
$216.3M
$150.9M
Q2 25
$221.9M
$101.0M
Q1 25
$216.4M
$86.7M
Q4 24
$161.9M
$126.7M
Q3 24
$175.3M
$115.2M
Q2 24
$206.2M
$130.2M
Q1 24
$206.6M
$110.0M
Net Profit
HCI
HCI
ORGO
ORGO
Q4 25
$97.7M
$43.7M
Q3 25
$65.5M
$21.6M
Q2 25
$66.2M
$-9.4M
Q1 25
$69.7M
$-18.8M
Q4 24
$2.6M
$7.7M
Q3 24
$5.7M
$12.3M
Q2 24
$54.1M
$-17.0M
Q1 24
$47.6M
$-2.1M
Gross Margin
HCI
HCI
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
72.6%
Q4 24
75.5%
Q3 24
76.7%
Q2 24
77.6%
Q1 24
73.9%
Operating Margin
HCI
HCI
ORGO
ORGO
Q4 25
58.5%
28.1%
Q3 25
41.9%
13.7%
Q2 25
42.5%
-12.5%
Q1 25
46.4%
-30.9%
Q4 24
3.6%
8.1%
Q3 24
8.0%
5.4%
Q2 24
36.9%
-10.7%
Q1 24
37.5%
-3.5%
Net Margin
HCI
HCI
ORGO
ORGO
Q4 25
39.7%
19.4%
Q3 25
30.3%
14.3%
Q2 25
29.8%
-9.3%
Q1 25
32.2%
-21.7%
Q4 24
1.6%
6.1%
Q3 24
3.2%
10.7%
Q2 24
26.2%
-13.1%
Q1 24
23.0%
-1.9%
EPS (diluted)
HCI
HCI
ORGO
ORGO
Q4 25
$7.29
$0.31
Q3 25
$4.90
$0.11
Q2 25
$5.18
$-0.10
Q1 25
$5.35
$-0.17
Q4 24
$0.32
$0.05
Q3 24
$0.52
$0.09
Q2 24
$4.24
$-0.13
Q1 24
$3.81
$-0.02

Balance Sheet & Financial Strength

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

Metric
HCI
HCI
ORGO
ORGO
Cash + ST InvestmentsLiquidity on hand
$1.2B
$93.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$300.1M
Total Assets
$2.5B
$598.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCI
HCI
ORGO
ORGO
Q4 25
$1.2B
$93.7M
Q3 25
$987.9M
$63.7M
Q2 25
$947.2M
$73.1M
Q1 25
$754.5M
$110.0M
Q4 24
$532.5M
$135.6M
Q3 24
$518.8M
$94.3M
Q2 24
$445.8M
$89.9M
Q1 24
$655.4M
$88.6M
Total Debt
HCI
HCI
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$62.3M
Q2 24
$63.8M
Q1 24
$65.2M
Stockholders' Equity
HCI
HCI
ORGO
ORGO
Q4 25
$1.0B
$300.1M
Q3 25
$821.8M
$255.1M
Q2 25
$758.6M
$233.2M
Q1 25
$522.7M
$242.9M
Q4 24
$453.3M
$262.9M
Q3 24
$455.3M
$278.5M
Q2 24
$447.3M
$263.5M
Q1 24
$395.7M
$278.0M
Total Assets
HCI
HCI
ORGO
ORGO
Q4 25
$2.5B
$598.7M
Q3 25
$2.3B
$509.8M
Q2 25
$2.4B
$461.1M
Q1 25
$2.3B
$467.4M
Q4 24
$2.2B
$497.9M
Q3 24
$2.0B
$446.3M
Q2 24
$1.9B
$443.2M
Q1 24
$1.8B
$458.5M
Debt / Equity
HCI
HCI
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.22×
Q2 24
0.24×
Q1 24
0.23×

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
ORGO
ORGO
Operating Cash FlowLast quarter
$444.4M
$39.4M
Free Cash FlowOCF − Capex
$440.8M
$34.8M
FCF MarginFCF / Revenue
179.0%
15.4%
Capex IntensityCapex / Revenue
1.5%
2.1%
Cash ConversionOCF / Net Profit
4.55×
0.90×
TTM Free Cash FlowTrailing 4 quarters
$771.4M
$-24.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCI
HCI
ORGO
ORGO
Q4 25
$444.4M
$39.4M
Q3 25
$26.7M
$3.1M
Q2 25
$145.0M
$-32.9M
Q1 25
$162.0M
$-19.9M
Q4 24
$331.8M
$10.9M
Q3 24
$104.1M
$8.7M
Q2 24
$-29.0M
$4.7M
Q1 24
$182.0M
$-10.2M
Free Cash Flow
HCI
HCI
ORGO
ORGO
Q4 25
$440.8M
$34.8M
Q3 25
$25.9M
$844.0K
Q2 25
$144.5M
$-36.5M
Q1 25
$160.3M
$-23.6M
Q4 24
$327.8M
$7.6M
Q3 24
$103.2M
$6.1M
Q2 24
$-30.1M
$2.9M
Q1 24
$181.0M
$-12.4M
FCF Margin
HCI
HCI
ORGO
ORGO
Q4 25
179.0%
15.4%
Q3 25
12.0%
0.6%
Q2 25
65.1%
-36.1%
Q1 25
74.1%
-27.2%
Q4 24
202.5%
6.0%
Q3 24
58.9%
5.3%
Q2 24
-14.6%
2.2%
Q1 24
87.6%
-11.3%
Capex Intensity
HCI
HCI
ORGO
ORGO
Q4 25
1.5%
2.1%
Q3 25
0.4%
1.5%
Q2 25
0.2%
3.6%
Q1 25
0.8%
4.2%
Q4 24
2.5%
2.7%
Q3 24
0.5%
2.2%
Q2 24
0.5%
1.4%
Q1 24
0.5%
2.0%
Cash Conversion
HCI
HCI
ORGO
ORGO
Q4 25
4.55×
0.90×
Q3 25
0.41×
0.14×
Q2 25
2.19×
Q1 25
2.32×
Q4 24
128.41×
1.43×
Q3 24
18.33×
0.71×
Q2 24
-0.54×
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%

ORGO
ORGO

Segment breakdown not available.

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