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Side-by-side financial comparison of HCI Group, Inc. (HCI) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $140.7M, roughly 1.8× Purple Innovation, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs -2.3%, a 41.9% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 9.1%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $-7.8M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 8.3%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
HCI vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.2M | $140.7M |
| Net Profit | $97.7M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 58.5% | -1.6% |
| Net Margin | 39.7% | -2.3% |
| Revenue YoY | 52.1% | 9.1% |
| Net Profit YoY | 3679.2% | 62.1% |
| EPS (diluted) | $7.29 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $216.3M | $118.8M | ||
| Q2 25 | $221.9M | $105.1M | ||
| Q1 25 | $216.4M | $104.2M | ||
| Q4 24 | $161.9M | $129.0M | ||
| Q3 24 | $175.3M | $118.6M | ||
| Q2 24 | $206.2M | $120.3M | ||
| Q1 24 | $206.6M | $120.0M |
| Q4 25 | $97.7M | $-3.2M | ||
| Q3 25 | $65.5M | $-11.7M | ||
| Q2 25 | $66.2M | $-17.3M | ||
| Q1 25 | $69.7M | $-19.1M | ||
| Q4 24 | $2.6M | $-8.5M | ||
| Q3 24 | $5.7M | $-39.2M | ||
| Q2 24 | $54.1M | $27.0K | ||
| Q1 24 | $47.6M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 58.5% | -1.6% | ||
| Q3 25 | 41.9% | -10.2% | ||
| Q2 25 | 42.5% | -13.5% | ||
| Q1 25 | 46.4% | -13.9% | ||
| Q4 24 | 3.6% | -6.0% | ||
| Q3 24 | 8.0% | -39.5% | ||
| Q2 24 | 36.9% | -12.1% | ||
| Q1 24 | 37.5% | -19.3% |
| Q4 25 | 39.7% | -2.3% | ||
| Q3 25 | 30.3% | -9.9% | ||
| Q2 25 | 29.8% | -16.5% | ||
| Q1 25 | 32.2% | -18.4% | ||
| Q4 24 | 1.6% | -6.6% | ||
| Q3 24 | 3.2% | -33.1% | ||
| Q2 24 | 26.2% | 0.0% | ||
| Q1 24 | 23.0% | -41.8% |
| Q4 25 | $7.29 | $0.03 | ||
| Q3 25 | $4.90 | $0.11 | ||
| Q2 25 | $5.18 | $0.16 | ||
| Q1 25 | $5.35 | $0.18 | ||
| Q4 24 | $0.32 | $0.08 | ||
| Q3 24 | $0.52 | $0.36 | ||
| Q2 24 | $4.24 | $0.00 | ||
| Q1 24 | $3.81 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $1.0B | $-29.7M |
| Total Assets | $2.5B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $24.3M | ||
| Q3 25 | $987.9M | $32.4M | ||
| Q2 25 | $947.2M | $34.2M | ||
| Q1 25 | $754.5M | $21.6M | ||
| Q4 24 | $532.5M | $29.0M | ||
| Q3 24 | $518.8M | $23.4M | ||
| Q2 24 | $445.8M | $23.4M | ||
| Q1 24 | $655.4M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $-29.7M | ||
| Q3 25 | $821.8M | $-26.9M | ||
| Q2 25 | $758.6M | $-15.6M | ||
| Q1 25 | $522.7M | $1.3M | ||
| Q4 24 | $453.3M | $20.2M | ||
| Q3 24 | $455.3M | $28.0M | ||
| Q2 24 | $447.3M | $66.4M | ||
| Q1 24 | $395.7M | $65.5M |
| Q4 25 | $2.5B | $296.3M | ||
| Q3 25 | $2.3B | $302.1M | ||
| Q2 25 | $2.4B | $303.8M | ||
| Q1 25 | $2.3B | $293.8M | ||
| Q4 24 | $2.2B | $307.8M | ||
| Q3 24 | $2.0B | $309.3M | ||
| Q2 24 | $1.9B | $362.1M | ||
| Q1 24 | $1.8B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $440.8M | $-7.8M |
| FCF MarginFCF / Revenue | 179.0% | -5.5% |
| Capex IntensityCapex / Revenue | 1.5% | 1.4% |
| Cash ConversionOCF / Net Profit | 4.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $771.4M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $444.4M | $-5.8M | ||
| Q3 25 | $26.7M | $-968.0K | ||
| Q2 25 | $145.0M | $-4.0M | ||
| Q1 25 | $162.0M | $-23.1M | ||
| Q4 24 | $331.8M | $6.8M | ||
| Q3 24 | $104.1M | $1.1M | ||
| Q2 24 | $-29.0M | $-8.9M | ||
| Q1 24 | $182.0M | $-16.8M |
| Q4 25 | $440.8M | $-7.8M | ||
| Q3 25 | $25.9M | $-1.8M | ||
| Q2 25 | $144.5M | $-7.0M | ||
| Q1 25 | $160.3M | $-25.3M | ||
| Q4 24 | $327.8M | $5.7M | ||
| Q3 24 | $103.2M | $101.0K | ||
| Q2 24 | $-30.1M | $-11.0M | ||
| Q1 24 | $181.0M | $-19.9M |
| Q4 25 | 179.0% | -5.5% | ||
| Q3 25 | 12.0% | -1.5% | ||
| Q2 25 | 65.1% | -6.6% | ||
| Q1 25 | 74.1% | -24.3% | ||
| Q4 24 | 202.5% | 4.4% | ||
| Q3 24 | 58.9% | 0.1% | ||
| Q2 24 | -14.6% | -9.2% | ||
| Q1 24 | 87.6% | -16.5% |
| Q4 25 | 1.5% | 1.4% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.2% | 2.8% | ||
| Q1 25 | 0.8% | 2.2% | ||
| Q4 24 | 2.5% | 0.8% | ||
| Q3 24 | 0.5% | 0.9% | ||
| Q2 24 | 0.5% | 1.7% | ||
| Q1 24 | 0.5% | 2.5% |
| Q4 25 | 4.55× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 2.32× | — | ||
| Q4 24 | 128.41× | — | ||
| Q3 24 | 18.33× | — | ||
| Q2 24 | -0.54× | -330.22× | ||
| 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
