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Side-by-side financial comparison of HCI Group, Inc. (HCI) and POWELL INDUSTRIES INC (POWL). Click either name above to swap in a different company.

POWELL INDUSTRIES INC is the larger business by last-quarter revenue ($251.2M vs $246.2M, roughly 1.0× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 16.5%, a 23.2% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 4.0%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $41.6M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs -0.8%).

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

Powell Industries, Inc. is a manufacturer of Integrated/Packaged Solutions and Electrical Equipment to monitor and control the distribution of electrical power in commercial and industrial markets founded in 1947. Its headquarters is in Houston, Texas.

HCI vs POWL — Head-to-Head

Bigger by revenue
POWL
POWL
1.0× larger
POWL
$251.2M
$246.2M
HCI
Growing faster (revenue YoY)
HCI
HCI
+48.1% gap
HCI
52.1%
4.0%
POWL
Higher net margin
HCI
HCI
23.2% more per $
HCI
39.7%
16.5%
POWL
More free cash flow
HCI
HCI
$399.2M more FCF
HCI
$440.8M
$41.6M
POWL
Faster 2-yr revenue CAGR
HCI
HCI
Annualised
HCI
9.2%
-0.8%
POWL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HCI
HCI
POWL
POWL
Revenue
$246.2M
$251.2M
Net Profit
$97.7M
$41.4M
Gross Margin
28.4%
Operating Margin
58.5%
17.0%
Net Margin
39.7%
16.5%
Revenue YoY
52.1%
4.0%
Net Profit YoY
3679.2%
19.1%
EPS (diluted)
$7.29
$3.40

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
POWL
POWL
Q4 25
$246.2M
$251.2M
Q3 25
$216.3M
$298.0M
Q2 25
$221.9M
$286.3M
Q1 25
$216.4M
$278.6M
Q4 24
$161.9M
$241.4M
Q3 24
$175.3M
$275.1M
Q2 24
$206.2M
$288.2M
Q1 24
$206.6M
$255.1M
Net Profit
HCI
HCI
POWL
POWL
Q4 25
$97.7M
$41.4M
Q3 25
$65.5M
$51.4M
Q2 25
$66.2M
$48.2M
Q1 25
$69.7M
$46.3M
Q4 24
$2.6M
$34.8M
Q3 24
$5.7M
$46.1M
Q2 24
$54.1M
$46.2M
Q1 24
$47.6M
$33.5M
Gross Margin
HCI
HCI
POWL
POWL
Q4 25
28.4%
Q3 25
31.4%
Q2 25
30.7%
Q1 25
29.9%
Q4 24
24.7%
Q3 24
29.2%
Q2 24
28.4%
Q1 24
24.6%
Operating Margin
HCI
HCI
POWL
POWL
Q4 25
58.5%
17.0%
Q3 25
41.9%
21.2%
Q2 25
42.5%
21.0%
Q1 25
46.4%
21.1%
Q4 24
3.6%
14.7%
Q3 24
8.0%
20.4%
Q2 24
36.9%
19.9%
Q1 24
37.5%
15.5%
Net Margin
HCI
HCI
POWL
POWL
Q4 25
39.7%
16.5%
Q3 25
30.3%
17.3%
Q2 25
29.8%
16.8%
Q1 25
32.2%
16.6%
Q4 24
1.6%
14.4%
Q3 24
3.2%
16.7%
Q2 24
26.2%
16.0%
Q1 24
23.0%
13.1%
EPS (diluted)
HCI
HCI
POWL
POWL
Q4 25
$7.29
$3.40
Q3 25
$4.90
$4.23
Q2 25
$5.18
$3.96
Q1 25
$5.35
$3.81
Q4 24
$0.32
$2.86
Q3 24
$0.52
$3.77
Q2 24
$4.24
$3.79
Q1 24
$3.81
$2.75

Balance Sheet & Financial Strength

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

Metric
HCI
HCI
POWL
POWL
Cash + ST InvestmentsLiquidity on hand
$1.2B
$500.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$668.9M
Total Assets
$2.5B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCI
HCI
POWL
POWL
Q4 25
$1.2B
$500.8M
Q3 25
$987.9M
$475.5M
Q2 25
$947.2M
$433.0M
Q1 25
$754.5M
$389.3M
Q4 24
$532.5M
$373.4M
Q3 24
$518.8M
$358.4M
Q2 24
$445.8M
$374.0M
Q1 24
$655.4M
$365.3M
Stockholders' Equity
HCI
HCI
POWL
POWL
Q4 25
$1.0B
$668.9M
Q3 25
$821.8M
$640.8M
Q2 25
$758.6M
$594.9M
Q1 25
$522.7M
$541.4M
Q4 24
$453.3M
$496.3M
Q3 24
$455.3M
$483.1M
Q2 24
$447.3M
$436.7M
Q1 24
$395.7M
$393.8M
Total Assets
HCI
HCI
POWL
POWL
Q4 25
$2.5B
$1.1B
Q3 25
$2.3B
$1.1B
Q2 25
$2.4B
$1.0B
Q1 25
$2.3B
$965.4M
Q4 24
$2.2B
$912.7M
Q3 24
$2.0B
$928.2M
Q2 24
$1.9B
$869.0M
Q1 24
$1.8B
$849.6M

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
POWL
POWL
Operating Cash FlowLast quarter
$444.4M
$43.6M
Free Cash FlowOCF − Capex
$440.8M
$41.6M
FCF MarginFCF / Revenue
179.0%
16.6%
Capex IntensityCapex / Revenue
1.5%
0.8%
Cash ConversionOCF / Net Profit
4.55×
1.05×
TTM Free Cash FlowTrailing 4 quarters
$771.4M
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCI
HCI
POWL
POWL
Q4 25
$444.4M
$43.6M
Q3 25
$26.7M
$61.1M
Q2 25
$145.0M
$47.4M
Q1 25
$162.0M
$22.4M
Q4 24
$331.8M
$37.1M
Q3 24
$104.1M
$-6.0M
Q2 24
$-29.0M
$13.8M
Q1 24
$182.0M
$17.0M
Free Cash Flow
HCI
HCI
POWL
POWL
Q4 25
$440.8M
$41.6M
Q3 25
$25.9M
$59.3M
Q2 25
$144.5M
$42.3M
Q1 25
$160.3M
$18.3M
Q4 24
$327.8M
$34.9M
Q3 24
$103.2M
$-14.4M
Q2 24
$-30.1M
$12.4M
Q1 24
$181.0M
$16.1M
FCF Margin
HCI
HCI
POWL
POWL
Q4 25
179.0%
16.6%
Q3 25
12.0%
19.9%
Q2 25
65.1%
14.8%
Q1 25
74.1%
6.6%
Q4 24
202.5%
14.4%
Q3 24
58.9%
-5.3%
Q2 24
-14.6%
4.3%
Q1 24
87.6%
6.3%
Capex Intensity
HCI
HCI
POWL
POWL
Q4 25
1.5%
0.8%
Q3 25
0.4%
0.6%
Q2 25
0.2%
1.8%
Q1 25
0.8%
1.5%
Q4 24
2.5%
0.9%
Q3 24
0.5%
3.1%
Q2 24
0.5%
0.5%
Q1 24
0.5%
0.4%
Cash Conversion
HCI
HCI
POWL
POWL
Q4 25
4.55×
1.05×
Q3 25
0.41×
1.19×
Q2 25
2.19×
0.98×
Q1 25
2.32×
0.48×
Q4 24
128.41×
1.07×
Q3 24
18.33×
-0.13×
Q2 24
-0.54×
0.30×
Q1 24
3.82×
0.51×

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%

POWL
POWL

Oil And Gas Service$97.9M39%
Electricity$69.3M28%
Commercial And Other Industrial$40.6M16%
Petrochemical$22.8M9%
Other Customers$12.0M5%
Light Rail Traction Power Customer$8.6M3%

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