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Side-by-side financial comparison of HCI Group, Inc. (HCI) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $242.1M, roughly 1.0× ONESPAWORLD HOLDINGS Ltd). HCI Group, Inc. runs the higher net margin — 39.7% vs 5.0%, a 34.7% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 11.5%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $14.9M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 7.1%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
HCI vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.2M | $242.1M |
| Net Profit | $97.7M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 58.5% | 6.8% |
| Net Margin | 39.7% | 5.0% |
| Revenue YoY | 52.1% | 11.5% |
| Net Profit YoY | 3679.2% | -16.2% |
| EPS (diluted) | $7.29 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $216.3M | $258.5M | ||
| Q2 25 | $221.9M | $240.7M | ||
| Q1 25 | $216.4M | $219.6M | ||
| Q4 24 | $161.9M | $217.2M | ||
| Q3 24 | $175.3M | $241.7M | ||
| Q2 24 | $206.2M | $224.9M | ||
| Q1 24 | $206.6M | $211.2M |
| Q4 25 | $97.7M | $12.1M | ||
| Q3 25 | $65.5M | $24.3M | ||
| Q2 25 | $66.2M | $19.9M | ||
| Q1 25 | $69.7M | $15.3M | ||
| Q4 24 | $2.6M | $14.4M | ||
| Q3 24 | $5.7M | $21.6M | ||
| Q2 24 | $54.1M | $15.8M | ||
| Q1 24 | $47.6M | $21.2M |
| Q4 25 | 58.5% | 6.8% | ||
| Q3 25 | 41.9% | 10.2% | ||
| Q2 25 | 42.5% | 9.2% | ||
| Q1 25 | 46.4% | 7.7% | ||
| Q4 24 | 3.6% | 7.9% | ||
| Q3 24 | 8.0% | 10.3% | ||
| Q2 24 | 36.9% | 8.4% | ||
| Q1 24 | 37.5% | 8.0% |
| Q4 25 | 39.7% | 5.0% | ||
| Q3 25 | 30.3% | 9.4% | ||
| Q2 25 | 29.8% | 8.3% | ||
| Q1 25 | 32.2% | 7.0% | ||
| Q4 24 | 1.6% | 6.6% | ||
| Q3 24 | 3.2% | 8.9% | ||
| Q2 24 | 26.2% | 7.0% | ||
| Q1 24 | 23.0% | 10.0% |
| Q4 25 | $7.29 | $0.12 | ||
| Q3 25 | $4.90 | $0.23 | ||
| Q2 25 | $5.18 | $0.19 | ||
| Q1 25 | $5.35 | $0.15 | ||
| Q4 24 | $0.32 | $0.13 | ||
| Q3 24 | $0.52 | $0.20 | ||
| Q2 24 | $4.24 | $0.15 | ||
| Q1 24 | $3.81 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $1.0B | $542.6M |
| Total Assets | $2.5B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $16.3M | ||
| Q3 25 | $987.9M | $29.6M | ||
| Q2 25 | $947.2M | $35.0M | ||
| Q1 25 | $754.5M | $22.6M | ||
| Q4 24 | $532.5M | $57.4M | ||
| Q3 24 | $518.8M | $48.8M | ||
| Q2 24 | $445.8M | $62.5M | ||
| Q1 24 | $655.4M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $1.0B | $542.6M | ||
| Q3 25 | $821.8M | $552.8M | ||
| Q2 25 | $758.6M | $548.3M | ||
| Q1 25 | $522.7M | $530.6M | ||
| Q4 24 | $453.3M | $554.5M | ||
| Q3 24 | $455.3M | $540.1M | ||
| Q2 24 | $447.3M | $532.7M | ||
| Q1 24 | $395.7M | $515.5M |
| Q4 25 | $2.5B | $707.1M | ||
| Q3 25 | $2.3B | $732.6M | ||
| Q2 25 | $2.4B | $731.8M | ||
| Q1 25 | $2.3B | $708.7M | ||
| Q4 24 | $2.2B | $746.4M | ||
| Q3 24 | $2.0B | $734.0M | ||
| Q2 24 | $1.9B | $756.8M | ||
| Q1 24 | $1.8B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $440.8M | $14.9M |
| FCF MarginFCF / Revenue | 179.0% | 6.2% |
| Capex IntensityCapex / Revenue | 1.5% | 2.1% |
| Cash ConversionOCF / Net Profit | 4.55× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $771.4M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $444.4M | $20.0M | ||
| Q3 25 | $26.7M | $33.2M | ||
| Q2 25 | $145.0M | $20.3M | ||
| Q1 25 | $162.0M | $10.1M | ||
| Q4 24 | $331.8M | $16.6M | ||
| Q3 24 | $104.1M | $28.6M | ||
| Q2 24 | $-29.0M | $18.7M | ||
| Q1 24 | $182.0M | $15.0M |
| Q4 25 | $440.8M | $14.9M | ||
| Q3 25 | $25.9M | $27.6M | ||
| Q2 25 | $144.5M | $17.6M | ||
| Q1 25 | $160.3M | $8.4M | ||
| Q4 24 | $327.8M | $13.2M | ||
| Q3 24 | $103.2M | $27.5M | ||
| Q2 24 | $-30.1M | $17.6M | ||
| Q1 24 | $181.0M | $13.7M |
| Q4 25 | 179.0% | 6.2% | ||
| Q3 25 | 12.0% | 10.7% | ||
| Q2 25 | 65.1% | 7.3% | ||
| Q1 25 | 74.1% | 3.8% | ||
| Q4 24 | 202.5% | 6.1% | ||
| Q3 24 | 58.9% | 11.4% | ||
| Q2 24 | -14.6% | 7.8% | ||
| Q1 24 | 87.6% | 6.5% |
| Q4 25 | 1.5% | 2.1% | ||
| Q3 25 | 0.4% | 2.2% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.8% | 0.8% | ||
| Q4 24 | 2.5% | 1.5% | ||
| Q3 24 | 0.5% | 0.5% | ||
| Q2 24 | 0.5% | 0.5% | ||
| Q1 24 | 0.5% | 0.6% |
| Q4 25 | 4.55× | 1.65× | ||
| Q3 25 | 0.41× | 1.36× | ||
| Q2 25 | 2.19× | 1.02× | ||
| Q1 25 | 2.32× | 0.66× | ||
| Q4 24 | 128.41× | 1.15× | ||
| Q3 24 | 18.33× | 1.33× | ||
| Q2 24 | -0.54× | 1.19× | ||
| Q1 24 | 3.82× | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
