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Side-by-side financial comparison of HCI Group, Inc. (HCI) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $246.2M, roughly 1.6× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 13.0%, a 26.7% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 11.3%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $113.6M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 2.7%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
HCI vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.2M | $387.0M |
| Net Profit | $97.7M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | 58.5% | 18.2% |
| Net Margin | 39.7% | 13.0% |
| Revenue YoY | 52.1% | 11.3% |
| Net Profit YoY | 3679.2% | 34.0% |
| EPS (diluted) | $7.29 | $0.92 |
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 | $387.0M | ||
| Q3 25 | $216.3M | $378.9M | ||
| Q2 25 | $221.9M | $369.9M | ||
| Q1 25 | $216.4M | $421.1M | ||
| Q4 24 | $161.9M | $347.7M | ||
| Q3 24 | $175.3M | $333.1M | ||
| Q2 24 | $206.2M | $324.7M | ||
| Q1 24 | $206.6M | $366.8M |
| Q4 25 | $97.7M | $50.2M | ||
| Q3 25 | $65.5M | $48.0M | ||
| Q2 25 | $66.2M | $48.6M | ||
| Q1 25 | $69.7M | $91.5M | ||
| Q4 24 | $2.6M | $37.5M | ||
| Q3 24 | $5.7M | $49.6M | ||
| Q2 24 | $54.1M | $48.8M | ||
| Q1 24 | $47.6M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 77.8% |
| Q4 25 | 58.5% | 18.2% | ||
| Q3 25 | 41.9% | 19.6% | ||
| Q2 25 | 42.5% | 17.9% | ||
| Q1 25 | 46.4% | 30.2% | ||
| Q4 24 | 3.6% | 13.4% | ||
| Q3 24 | 8.0% | 19.3% | ||
| Q2 24 | 36.9% | 19.4% | ||
| Q1 24 | 37.5% | 29.0% |
| Q4 25 | 39.7% | 13.0% | ||
| Q3 25 | 30.3% | 12.7% | ||
| Q2 25 | 29.8% | 13.1% | ||
| Q1 25 | 32.2% | 21.7% | ||
| Q4 24 | 1.6% | 10.8% | ||
| Q3 24 | 3.2% | 14.9% | ||
| Q2 24 | 26.2% | 15.0% | ||
| Q1 24 | 23.0% | 23.3% |
| Q4 25 | $7.29 | $0.92 | ||
| Q3 25 | $4.90 | $0.86 | ||
| Q2 25 | $5.18 | $0.87 | ||
| Q1 25 | $5.35 | $1.61 | ||
| Q4 24 | $0.32 | $0.66 | ||
| Q3 24 | $0.52 | $0.88 | ||
| Q2 24 | $4.24 | $0.85 | ||
| Q1 24 | $3.81 | $1.50 |
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 | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | $1.0B | $1.1B |
| Total Assets | $2.5B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $162.5M | ||
| Q3 25 | $987.9M | $165.2M | ||
| Q2 25 | $947.2M | $398.1M | ||
| Q1 25 | $754.5M | $477.8M | ||
| Q4 24 | $532.5M | $482.4M | ||
| Q3 24 | $518.8M | $778.5M | ||
| Q2 24 | $445.8M | $401.8M | ||
| Q1 24 | $655.4M | $492.7M |
| Q4 25 | — | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | — | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $821.8M | $1.1B | ||
| Q2 25 | $758.6M | $1.2B | ||
| Q1 25 | $522.7M | $1.2B | ||
| Q4 24 | $453.3M | $1.2B | ||
| Q3 24 | $455.3M | $1.1B | ||
| Q2 24 | $447.3M | $1.0B | ||
| Q1 24 | $395.7M | $1.1B |
| Q4 25 | $2.5B | $7.0B | ||
| Q3 25 | $2.3B | $4.2B | ||
| Q2 25 | $2.4B | $4.4B | ||
| Q1 25 | $2.3B | $5.2B | ||
| Q4 24 | $2.2B | $5.3B | ||
| Q3 24 | $2.0B | $4.0B | ||
| Q2 24 | $1.9B | $4.2B | ||
| Q1 24 | $1.8B | $5.0B |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.00× | ||
| Q1 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 | $444.4M | $117.0M |
| Free Cash FlowOCF − Capex | $440.8M | $113.6M |
| FCF MarginFCF / Revenue | 179.0% | 29.4% |
| Capex IntensityCapex / Revenue | 1.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 4.55× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $771.4M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $444.4M | $117.0M | ||
| Q3 25 | $26.7M | $86.5M | ||
| Q2 25 | $145.0M | $86.6M | ||
| Q1 25 | $162.0M | $186.0M | ||
| Q4 24 | $331.8M | $54.2M | ||
| Q3 24 | $104.1M | $91.5M | ||
| Q2 24 | $-29.0M | $79.9M | ||
| Q1 24 | $182.0M | $167.5M |
| Q4 25 | $440.8M | $113.6M | ||
| Q3 25 | $25.9M | $82.7M | ||
| Q2 25 | $144.5M | $81.1M | ||
| Q1 25 | $160.3M | $183.7M | ||
| Q4 24 | $327.8M | $51.2M | ||
| Q3 24 | $103.2M | $89.1M | ||
| Q2 24 | $-30.1M | $73.6M | ||
| Q1 24 | $181.0M | $162.0M |
| Q4 25 | 179.0% | 29.4% | ||
| Q3 25 | 12.0% | 21.8% | ||
| Q2 25 | 65.1% | 21.9% | ||
| Q1 25 | 74.1% | 43.6% | ||
| Q4 24 | 202.5% | 14.7% | ||
| Q3 24 | 58.9% | 26.8% | ||
| Q2 24 | -14.6% | 22.7% | ||
| Q1 24 | 87.6% | 44.2% |
| Q4 25 | 1.5% | 0.9% | ||
| Q3 25 | 0.4% | 1.0% | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.8% | 0.5% | ||
| Q4 24 | 2.5% | 0.9% | ||
| Q3 24 | 0.5% | 0.7% | ||
| Q2 24 | 0.5% | 1.9% | ||
| Q1 24 | 0.5% | 1.5% |
| Q4 25 | 4.55× | 2.33× | ||
| Q3 25 | 0.41× | 1.80× | ||
| Q2 25 | 2.19× | 1.78× | ||
| Q1 25 | 2.32× | 2.03× | ||
| Q4 24 | 128.41× | 1.45× | ||
| Q3 24 | 18.33× | 1.84× | ||
| Q2 24 | -0.54× | 1.64× | ||
| Q1 24 | 3.82× | 1.96× |
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% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
