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Side-by-side financial comparison of HCI Group, Inc. (HCI) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($242.9M vs $124.7M, roughly 1.9× SMITH & WESSON BRANDS, INC.). HCI Group, Inc. runs the higher net margin — 35.0% vs 1.5%, a 33.5% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (12.2% vs -3.9%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (8.5% CAGR vs -4.8%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
HCI vs SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $242.9M | $124.7M |
| Net Profit | $85.0M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | — | 3.3% |
| Net Margin | 35.0% | 1.5% |
| Revenue YoY | 12.2% | -3.9% |
| Net Profit YoY | 14.6% | -53.6% |
| EPS (diluted) | $5.45 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $216.3M | $85.1M | ||
| Q2 25 | $221.9M | $140.8M | ||
| Q1 25 | $216.4M | $115.9M | ||
| Q4 24 | $161.9M | $129.7M | ||
| Q3 24 | $175.3M | $88.3M | ||
| Q2 24 | $206.2M | $159.1M |
| Q1 26 | $85.0M | — | ||
| Q4 25 | $97.7M | $1.9M | ||
| Q3 25 | $65.5M | $-3.4M | ||
| Q2 25 | $66.2M | $8.6M | ||
| Q1 25 | $69.7M | $2.1M | ||
| Q4 24 | $2.6M | $4.5M | ||
| Q3 24 | $5.7M | $-1.9M | ||
| Q2 24 | $54.1M | $27.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 35.5% |
| Q1 26 | — | — | ||
| Q4 25 | 58.5% | 3.3% | ||
| Q3 25 | 41.9% | -3.5% | ||
| Q2 25 | 42.5% | 9.3% | ||
| Q1 25 | 46.4% | 4.1% | ||
| Q4 24 | 3.6% | 5.8% | ||
| Q3 24 | 8.0% | -1.7% | ||
| Q2 24 | 36.9% | 17.4% |
| Q1 26 | 35.0% | — | ||
| Q4 25 | 39.7% | 1.5% | ||
| Q3 25 | 30.3% | -4.0% | ||
| Q2 25 | 29.8% | 6.1% | ||
| Q1 25 | 32.2% | 1.8% | ||
| Q4 24 | 1.6% | 3.5% | ||
| Q3 24 | 3.2% | -2.1% | ||
| Q2 24 | 26.2% | 17.5% |
| Q1 26 | $5.45 | — | ||
| Q4 25 | $7.29 | $0.04 | ||
| Q3 25 | $4.90 | $-0.08 | ||
| Q2 25 | $5.18 | $0.19 | ||
| Q1 25 | $5.35 | $0.05 | ||
| Q4 24 | $0.32 | $0.10 | ||
| Q3 24 | $0.52 | $-0.04 | ||
| Q2 24 | $4.24 | $0.60 |
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 | $22.4M |
| Total DebtLower is stronger | $31.7M | — |
| Stockholders' EquityBook value | $1.1B | $363.2M |
| Total Assets | $2.6B | $548.6M |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $22.4M | ||
| Q3 25 | $987.9M | $18.0M | ||
| Q2 25 | $947.2M | $25.2M | ||
| Q1 25 | $754.5M | $26.7M | ||
| Q4 24 | $532.5M | $39.1M | ||
| Q3 24 | $518.8M | $35.5M | ||
| Q2 24 | $445.8M | $60.8M |
| 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 | $363.2M | ||
| Q3 25 | $821.8M | $364.4M | ||
| Q2 25 | $758.6M | $372.5M | ||
| Q1 25 | $522.7M | $366.9M | ||
| Q4 24 | $453.3M | $371.5M | ||
| Q3 24 | $455.3M | $380.0M | ||
| Q2 24 | $447.3M | $399.9M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.5B | $548.6M | ||
| Q3 25 | $2.3B | $554.6M | ||
| Q2 25 | $2.4B | $559.6M | ||
| Q1 25 | $2.3B | $578.9M | ||
| Q4 24 | $2.2B | $587.4M | ||
| Q3 24 | $2.0B | $571.3M | ||
| Q2 24 | $1.9B | $577.4M |
| 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 | — | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $444.4M | $27.3M | ||
| Q3 25 | $26.7M | $-8.1M | ||
| Q2 25 | $145.0M | $40.8M | ||
| Q1 25 | $162.0M | $-9.8M | ||
| Q4 24 | $331.8M | $-7.4M | ||
| Q3 24 | $104.1M | $-30.8M | ||
| Q2 24 | $-29.0M | $43.7M |
| Q1 26 | — | — | ||
| Q4 25 | $440.8M | $16.3M | ||
| Q3 25 | $25.9M | $-12.4M | ||
| Q2 25 | $144.5M | $33.5M | ||
| Q1 25 | $160.3M | $-16.1M | ||
| Q4 24 | $327.8M | $-10.7M | ||
| Q3 24 | $103.2M | $-35.5M | ||
| Q2 24 | $-30.1M | $38.2M |
| Q1 26 | — | — | ||
| Q4 25 | 179.0% | 13.1% | ||
| Q3 25 | 12.0% | -14.6% | ||
| Q2 25 | 65.1% | 23.8% | ||
| Q1 25 | 74.1% | -13.9% | ||
| Q4 24 | 202.5% | -8.3% | ||
| Q3 24 | 58.9% | -40.2% | ||
| Q2 24 | -14.6% | 24.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 8.8% | ||
| Q3 25 | 0.4% | 5.0% | ||
| Q2 25 | 0.2% | 5.2% | ||
| Q1 25 | 0.8% | 5.4% | ||
| Q4 24 | 2.5% | 2.5% | ||
| Q3 24 | 0.5% | 5.3% | ||
| Q2 24 | 0.5% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.55× | 14.22× | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 2.19× | 4.73× | ||
| Q1 25 | 2.32× | -4.68× | ||
| Q4 24 | 128.41× | -1.63× | ||
| Q3 24 | 18.33× | — | ||
| Q2 24 | -0.54× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
