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Side-by-side financial comparison of HCI Group, Inc. (HCI) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
TIDEWATER INC is the larger business by last-quarter revenue ($336.8M vs $242.9M, roughly 1.4× HCI Group, Inc.). TIDEWATER INC runs the higher net margin — 65.3% vs 35.0%, a 30.3% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (12.2% vs -2.4%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (8.5% CAGR vs 2.4%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
HCI vs TDW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $242.9M | $336.8M |
| Net Profit | $85.0M | $219.9M |
| Gross Margin | — | — |
| Operating Margin | — | 19.0% |
| Net Margin | 35.0% | 65.3% |
| Revenue YoY | 12.2% | -2.4% |
| Net Profit YoY | 14.6% | 495.8% |
| EPS (diluted) | $5.45 | $4.37 |
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 | $336.8M | ||
| Q3 25 | $216.3M | $341.1M | ||
| Q2 25 | $221.9M | $341.4M | ||
| Q1 25 | $216.4M | $333.4M | ||
| Q4 24 | $161.9M | $345.1M | ||
| Q3 24 | $175.3M | $340.4M | ||
| Q2 24 | $206.2M | $339.2M |
| Q1 26 | $85.0M | — | ||
| Q4 25 | $97.7M | $219.9M | ||
| Q3 25 | $65.5M | $-806.0K | ||
| Q2 25 | $66.2M | $72.9M | ||
| Q1 25 | $69.7M | $42.7M | ||
| Q4 24 | $2.6M | $36.9M | ||
| Q3 24 | $5.7M | $46.4M | ||
| Q2 24 | $54.1M | $50.4M |
| Q1 26 | — | — | ||
| Q4 25 | 58.5% | 19.0% | ||
| Q3 25 | 41.9% | 18.4% | ||
| Q2 25 | 42.5% | 23.7% | ||
| Q1 25 | 46.4% | 22.5% | ||
| Q4 24 | 3.6% | 23.6% | ||
| Q3 24 | 8.0% | 20.6% | ||
| Q2 24 | 36.9% | 23.0% |
| Q1 26 | 35.0% | — | ||
| Q4 25 | 39.7% | 65.3% | ||
| Q3 25 | 30.3% | -0.2% | ||
| Q2 25 | 29.8% | 21.4% | ||
| Q1 25 | 32.2% | 12.8% | ||
| Q4 24 | 1.6% | 10.7% | ||
| Q3 24 | 3.2% | 13.6% | ||
| Q2 24 | 26.2% | 14.8% |
| Q1 26 | $5.45 | — | ||
| Q4 25 | $7.29 | $4.37 | ||
| Q3 25 | $4.90 | $-0.02 | ||
| Q2 25 | $5.18 | $1.46 | ||
| Q1 25 | $5.35 | $0.83 | ||
| Q4 24 | $0.32 | $0.70 | ||
| Q3 24 | $0.52 | $0.87 | ||
| Q2 24 | $4.24 | $0.94 |
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 | $578.8M |
| Total DebtLower is stronger | $31.7M | $670.1M |
| Stockholders' EquityBook value | $1.1B | $1.4B |
| Total Assets | $2.6B | $2.4B |
| Debt / EquityLower = less leverage | 0.03× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $578.8M | ||
| Q3 25 | $987.9M | $428.2M | ||
| Q2 25 | $947.2M | $369.4M | ||
| Q1 25 | $754.5M | $341.8M | ||
| Q4 24 | $532.5M | $324.9M | ||
| Q3 24 | $518.8M | $280.8M | ||
| Q2 24 | $445.8M | $315.9M |
| Q1 26 | $31.7M | — | ||
| Q4 25 | — | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $821.8M | $1.1B | ||
| Q2 25 | $758.6M | $1.1B | ||
| Q1 25 | $522.7M | $1.1B | ||
| Q4 24 | $453.3M | $1.1B | ||
| Q3 24 | $455.3M | $1.1B | ||
| Q2 24 | $447.3M | $1.1B |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $2.3B | $2.1B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.2B | $2.1B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $1.9B | $2.1B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| 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 | — | $153.0M |
| Free Cash FlowOCF − Capex | — | $147.8M |
| FCF MarginFCF / Revenue | — | 43.9% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $444.4M | $153.0M | ||
| Q3 25 | $26.7M | $54.7M | ||
| Q2 25 | $145.0M | $85.4M | ||
| Q1 25 | $162.0M | $86.0M | ||
| Q4 24 | $331.8M | $100.0M | ||
| Q3 24 | $104.1M | $49.0M | ||
| Q2 24 | $-29.0M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $440.8M | $147.8M | ||
| Q3 25 | $25.9M | $49.6M | ||
| Q2 25 | $144.5M | $80.2M | ||
| Q1 25 | $160.3M | $75.7M | ||
| Q4 24 | $327.8M | $95.5M | ||
| Q3 24 | $103.2M | $43.3M | ||
| Q2 24 | $-30.1M | $72.3M |
| Q1 26 | — | — | ||
| Q4 25 | 179.0% | 43.9% | ||
| Q3 25 | 12.0% | 14.5% | ||
| Q2 25 | 65.1% | 23.5% | ||
| Q1 25 | 74.1% | 22.7% | ||
| Q4 24 | 202.5% | 27.7% | ||
| Q3 24 | 58.9% | 12.7% | ||
| Q2 24 | -14.6% | 21.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 1.5% | ||
| Q3 25 | 0.4% | 1.5% | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.8% | 3.1% | ||
| Q4 24 | 2.5% | 1.3% | ||
| Q3 24 | 0.5% | 1.7% | ||
| Q2 24 | 0.5% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.55× | 0.70× | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 2.19× | 1.17× | ||
| Q1 25 | 2.32× | 2.02× | ||
| Q4 24 | 128.41× | 2.71× | ||
| Q3 24 | 18.33× | 1.06× | ||
| Q2 24 | -0.54× | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
