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Side-by-side financial comparison of HCI Group, Inc. (HCI) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $242.9M, roughly 1.4× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 35.0% vs 6.3%, a 28.8% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 12.2%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs 8.5%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
HCI vs PAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $242.9M | $330.5M |
| Net Profit | $85.0M | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | — | 7.3% |
| Net Margin | 35.0% | 6.3% |
| Revenue YoY | 12.2% | 28.1% |
| Net Profit YoY | 14.6% | 57.2% |
| EPS (diluted) | $5.45 | $0.16 |
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.
| Q1 26 | $242.9M | — | ||
| Q4 25 | $246.2M | $330.5M | ||
| Q3 25 | $216.3M | $310.7M | ||
| Q2 25 | $221.9M | $280.1M | ||
| Q1 25 | $216.4M | $275.2M | ||
| Q4 24 | $161.9M | $257.9M | ||
| Q3 24 | $175.3M | $231.6M | ||
| Q2 24 | $206.2M | $197.4M |
| Q1 26 | $85.0M | — | ||
| Q4 25 | $97.7M | $20.7M | ||
| Q3 25 | $65.5M | $17.7M | ||
| Q2 25 | $66.2M | $14.7M | ||
| Q1 25 | $69.7M | $13.8M | ||
| Q4 24 | $2.6M | $13.1M | ||
| Q3 24 | $5.7M | $14.4M | ||
| Q2 24 | $54.1M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 29.8% |
| Q1 26 | — | — | ||
| Q4 25 | 58.5% | 7.3% | ||
| Q3 25 | 41.9% | 6.4% | ||
| Q2 25 | 42.5% | 5.7% | ||
| Q1 25 | 46.4% | 5.7% | ||
| Q4 24 | 3.6% | 5.5% | ||
| Q3 24 | 8.0% | 5.2% | ||
| Q2 24 | 36.9% | 5.2% |
| Q1 26 | 35.0% | — | ||
| Q4 25 | 39.7% | 6.3% | ||
| Q3 25 | 30.3% | 5.7% | ||
| Q2 25 | 29.8% | 5.3% | ||
| Q1 25 | 32.2% | 5.0% | ||
| Q4 24 | 1.6% | 5.1% | ||
| Q3 24 | 3.2% | 6.2% | ||
| Q2 24 | 26.2% | 4.7% |
| Q1 26 | $5.45 | — | ||
| Q4 25 | $7.29 | $0.16 | ||
| Q3 25 | $4.90 | $0.14 | ||
| Q2 25 | $5.18 | $0.11 | ||
| Q1 25 | $5.35 | $0.11 | ||
| Q4 24 | $0.32 | $0.11 | ||
| Q3 24 | $0.52 | $0.11 | ||
| Q2 24 | $4.24 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $320.9M |
| Total DebtLower is stronger | $31.7M | — |
| Stockholders' EquityBook value | $1.1B | $560.4M |
| Total Assets | $2.6B | $667.9M |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $320.9M | ||
| Q3 25 | $987.9M | $287.9M | ||
| Q2 25 | $947.2M | $266.4M | ||
| Q1 25 | $754.5M | $245.8M | ||
| Q4 24 | $532.5M | $205.9M | ||
| Q3 24 | $518.8M | $187.5M | ||
| Q2 24 | $445.8M | $188.8M |
| Q1 26 | $31.7M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $560.4M | ||
| Q3 25 | $821.8M | $537.4M | ||
| Q2 25 | $758.6M | $516.7M | ||
| Q1 25 | $522.7M | $500.4M | ||
| Q4 24 | $453.3M | $485.6M | ||
| Q3 24 | $455.3M | $468.8M | ||
| Q2 24 | $447.3M | $451.6M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.5B | $667.9M | ||
| Q3 25 | $2.3B | $644.4M | ||
| Q2 25 | $2.4B | $609.5M | ||
| Q1 25 | $2.3B | $590.9M | ||
| Q4 24 | $2.2B | $576.2M | ||
| Q3 24 | $2.0B | $552.9M | ||
| Q2 24 | $1.9B | $527.7M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $444.4M | $45.1M | ||
| Q3 25 | $26.7M | $35.1M | ||
| Q2 25 | $145.0M | $31.5M | ||
| Q1 25 | $162.0M | $50.4M | ||
| Q4 24 | $331.8M | $27.9M | ||
| Q3 24 | $104.1M | $6.7M | ||
| Q2 24 | $-29.0M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | $440.8M | $45.0M | ||
| Q3 25 | $25.9M | $35.0M | ||
| Q2 25 | $144.5M | $31.4M | ||
| Q1 25 | $160.3M | $50.4M | ||
| Q4 24 | $327.8M | $27.8M | ||
| Q3 24 | $103.2M | $6.7M | ||
| Q2 24 | $-30.1M | $17.8M |
| Q1 26 | — | — | ||
| Q4 25 | 179.0% | 13.6% | ||
| Q3 25 | 12.0% | 11.3% | ||
| Q2 25 | 65.1% | 11.2% | ||
| Q1 25 | 74.1% | 18.3% | ||
| Q4 24 | 202.5% | 10.8% | ||
| Q3 24 | 58.9% | 2.9% | ||
| Q2 24 | -14.6% | 9.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 0.0% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.8% | 0.0% | ||
| Q4 24 | 2.5% | 0.0% | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 0.5% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.55× | 2.18× | ||
| Q3 25 | 0.41× | 1.98× | ||
| Q2 25 | 2.19× | 2.14× | ||
| Q1 25 | 2.32× | 3.65× | ||
| Q4 24 | 128.41× | 2.12× | ||
| Q3 24 | 18.33× | 0.47× | ||
| Q2 24 | -0.54× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCI
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
