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Side-by-side financial comparison of HCI Group, Inc. (HCI) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $124.5M, roughly 2.0× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 39.7%, a 90.1% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 4.7%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $24.1M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 5.9%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
HCI vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.2M | $124.5M |
| Net Profit | $97.7M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | 58.5% | 6.5% |
| Net Margin | 39.7% | 129.7% |
| Revenue YoY | 52.1% | 4.7% |
| Net Profit YoY | 3679.2% | 2827.7% |
| EPS (diluted) | $7.29 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $216.3M | $123.4M | ||
| Q2 25 | $221.9M | $119.8M | ||
| Q1 25 | $216.4M | $121.4M | ||
| Q4 24 | $161.9M | $118.9M | ||
| Q3 24 | $175.3M | $115.9M | ||
| Q2 24 | $206.2M | $111.2M | ||
| Q1 24 | $206.6M | $111.1M |
| Q4 25 | $97.7M | $161.6M | ||
| Q3 25 | $65.5M | $9.6M | ||
| Q2 25 | $66.2M | $-7.2M | ||
| Q1 25 | $69.7M | $-8.8M | ||
| Q4 24 | $2.6M | $-5.9M | ||
| Q3 24 | $5.7M | $-10.9M | ||
| Q2 24 | $54.1M | $-17.1M | ||
| Q1 24 | $47.6M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | 58.5% | 6.5% | ||
| Q3 25 | 41.9% | 2.9% | ||
| Q2 25 | 42.5% | -8.6% | ||
| Q1 25 | 46.4% | -9.6% | ||
| Q4 24 | 3.6% | -8.7% | ||
| Q3 24 | 8.0% | -13.8% | ||
| Q2 24 | 36.9% | -19.5% | ||
| Q1 24 | 37.5% | -30.1% |
| Q4 25 | 39.7% | 129.7% | ||
| Q3 25 | 30.3% | 7.8% | ||
| Q2 25 | 29.8% | -6.0% | ||
| Q1 25 | 32.2% | -7.2% | ||
| Q4 24 | 1.6% | -5.0% | ||
| Q3 24 | 3.2% | -9.4% | ||
| Q2 24 | 26.2% | -15.4% | ||
| Q1 24 | 23.0% | -25.3% |
| Q4 25 | $7.29 | $1.69 | ||
| Q3 25 | $4.90 | $0.10 | ||
| Q2 25 | $5.18 | $-0.07 | ||
| Q1 25 | $5.35 | $-0.12 | ||
| Q4 24 | $0.32 | $-0.07 | ||
| Q3 24 | $0.52 | $-0.14 | ||
| Q2 24 | $4.24 | $-0.26 | ||
| Q1 24 | $3.81 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $320.5M |
| Total Assets | $2.5B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $547.8M | ||
| Q3 25 | $987.9M | $567.9M | ||
| Q2 25 | $947.2M | $597.1M | ||
| Q1 25 | $754.5M | $570.8M | ||
| Q4 24 | $532.5M | $542.2M | ||
| Q3 24 | $518.8M | $599.3M | ||
| Q2 24 | $445.8M | $592.8M | ||
| Q1 24 | $655.4M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $1.0B | $320.5M | ||
| Q3 25 | $821.8M | $180.7M | ||
| Q2 25 | $758.6M | $145.7M | ||
| Q1 25 | $522.7M | $129.8M | ||
| Q4 24 | $453.3M | $111.6M | ||
| Q3 24 | $455.3M | $164.7M | ||
| Q2 24 | $447.3M | $174.0M | ||
| Q1 24 | $395.7M | $171.6M |
| Q4 25 | $2.5B | $1.0B | ||
| Q3 25 | $2.3B | $891.5M | ||
| Q2 25 | $2.4B | $926.8M | ||
| Q1 25 | $2.3B | $927.3M | ||
| Q4 24 | $2.2B | $866.8M | ||
| Q3 24 | $2.0B | $916.0M | ||
| Q2 24 | $1.9B | $924.0M | ||
| Q1 24 | $1.8B | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $440.8M | $24.1M |
| FCF MarginFCF / Revenue | 179.0% | 19.3% |
| Capex IntensityCapex / Revenue | 1.5% | 0.6% |
| Cash ConversionOCF / Net Profit | 4.55× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $771.4M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $444.4M | $24.8M | ||
| Q3 25 | $26.7M | $34.0M | ||
| Q2 25 | $145.0M | $30.7M | ||
| Q1 25 | $162.0M | $31.4M | ||
| Q4 24 | $331.8M | $22.1M | ||
| Q3 24 | $104.1M | $35.8M | ||
| Q2 24 | $-29.0M | $28.6M | ||
| Q1 24 | $182.0M | $22.2M |
| Q4 25 | $440.8M | $24.1M | ||
| Q3 25 | $25.9M | $33.1M | ||
| Q2 25 | $144.5M | $30.2M | ||
| Q1 25 | $160.3M | $30.3M | ||
| Q4 24 | $327.8M | $21.5M | ||
| Q3 24 | $103.2M | $35.1M | ||
| Q2 24 | $-30.1M | $28.2M | ||
| Q1 24 | $181.0M | $21.2M |
| Q4 25 | 179.0% | 19.3% | ||
| Q3 25 | 12.0% | 26.8% | ||
| Q2 25 | 65.1% | 25.2% | ||
| Q1 25 | 74.1% | 24.9% | ||
| Q4 24 | 202.5% | 18.1% | ||
| Q3 24 | 58.9% | 30.3% | ||
| Q2 24 | -14.6% | 25.4% | ||
| Q1 24 | 87.6% | 19.1% |
| Q4 25 | 1.5% | 0.6% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.2% | 0.4% | ||
| Q1 25 | 0.8% | 0.9% | ||
| Q4 24 | 2.5% | 0.5% | ||
| Q3 24 | 0.5% | 0.5% | ||
| Q2 24 | 0.5% | 0.4% | ||
| Q1 24 | 0.5% | 0.9% |
| Q4 25 | 4.55× | 0.15× | ||
| Q3 25 | 0.41× | 3.55× | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 2.32× | — | ||
| Q4 24 | 128.41× | — | ||
| Q3 24 | 18.33× | — | ||
| 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
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
