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Side-by-side financial comparison of HCI Group, Inc. (HCI) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $245.3M, roughly 1.0× Tecnoglass Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 10.6%, a 29.0% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 2.4%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 9.2%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
HCI vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.2M | $245.3M |
| Net Profit | $97.7M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 58.5% | 18.3% |
| Net Margin | 39.7% | 10.6% |
| Revenue YoY | 52.1% | 2.4% |
| Net Profit YoY | 3679.2% | -44.5% |
| EPS (diluted) | $7.29 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $216.3M | $260.5M | ||
| Q2 25 | $221.9M | $255.5M | ||
| Q1 25 | $216.4M | $222.3M | ||
| Q4 24 | $161.9M | $239.6M | ||
| Q3 24 | $175.3M | $238.3M | ||
| Q2 24 | $206.2M | $219.7M | ||
| Q1 24 | $206.6M | $192.6M |
| Q4 25 | $97.7M | $26.1M | ||
| Q3 25 | $65.5M | $47.2M | ||
| Q2 25 | $66.2M | $44.1M | ||
| Q1 25 | $69.7M | $42.2M | ||
| Q4 24 | $2.6M | $47.0M | ||
| Q3 24 | $5.7M | $49.5M | ||
| Q2 24 | $54.1M | $35.0M | ||
| Q1 24 | $47.6M | $29.7M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
| Q4 25 | 58.5% | 18.3% | ||
| Q3 25 | 41.9% | 25.1% | ||
| Q2 25 | 42.5% | 24.0% | ||
| Q1 25 | 46.4% | 26.7% | ||
| Q4 24 | 3.6% | 28.0% | ||
| Q3 24 | 8.0% | 28.4% | ||
| Q2 24 | 36.9% | 23.3% | ||
| Q1 24 | 37.5% | 21.3% |
| Q4 25 | 39.7% | 10.6% | ||
| Q3 25 | 30.3% | 18.1% | ||
| Q2 25 | 29.8% | 17.3% | ||
| Q1 25 | 32.2% | 19.0% | ||
| Q4 24 | 1.6% | 19.6% | ||
| Q3 24 | 3.2% | 20.8% | ||
| Q2 24 | 26.2% | 15.9% | ||
| Q1 24 | 23.0% | 15.4% |
| Q4 25 | $7.29 | $0.57 | ||
| Q3 25 | $4.90 | $1.01 | ||
| Q2 25 | $5.18 | $0.94 | ||
| Q1 25 | $5.35 | $0.90 | ||
| Q4 24 | $0.32 | $1.00 | ||
| Q3 24 | $0.52 | $1.05 | ||
| Q2 24 | $4.24 | $0.75 | ||
| Q1 24 | $3.81 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $1.0B | $713.1M |
| Total Assets | $2.5B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $104.1M | ||
| Q3 25 | $987.9M | $127.1M | ||
| Q2 25 | $947.2M | $140.9M | ||
| Q1 25 | $754.5M | $160.2M | ||
| Q4 24 | $532.5M | $137.5M | ||
| Q3 24 | $518.8M | $124.8M | ||
| Q2 24 | $445.8M | $129.5M | ||
| Q1 24 | $655.4M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $1.0B | $713.1M | ||
| Q3 25 | $821.8M | $764.0M | ||
| Q2 25 | $758.6M | $736.0M | ||
| Q1 25 | $522.7M | $685.1M | ||
| Q4 24 | $453.3M | $631.2M | ||
| Q3 24 | $455.3M | $613.3M | ||
| Q2 24 | $447.3M | $574.8M | ||
| Q1 24 | $395.7M | $573.6M |
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.2B | $1.0B | ||
| Q3 24 | $2.0B | $996.3M | ||
| Q2 24 | $1.9B | $942.5M | ||
| Q1 24 | $1.8B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $440.8M | $11.4M |
| FCF MarginFCF / Revenue | 179.0% | 4.7% |
| Capex IntensityCapex / Revenue | 1.5% | 8.0% |
| Cash ConversionOCF / Net Profit | 4.55× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $771.4M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $444.4M | $31.0M | ||
| Q3 25 | $26.7M | $40.0M | ||
| Q2 25 | $145.0M | $17.9M | ||
| Q1 25 | $162.0M | $46.9M | ||
| Q4 24 | $331.8M | $61.1M | ||
| Q3 24 | $104.1M | $41.5M | ||
| Q2 24 | $-29.0M | $34.5M | ||
| Q1 24 | $182.0M | $33.4M |
| Q4 25 | $440.8M | $11.4M | ||
| Q3 25 | $25.9M | $21.2M | ||
| Q2 25 | $144.5M | $-14.7M | ||
| Q1 25 | $160.3M | $16.5M | ||
| Q4 24 | $327.8M | $35.4M | ||
| Q3 24 | $103.2M | $17.8M | ||
| Q2 24 | $-30.1M | $14.2M | ||
| Q1 24 | $181.0M | $23.6M |
| Q4 25 | 179.0% | 4.7% | ||
| Q3 25 | 12.0% | 8.2% | ||
| Q2 25 | 65.1% | -5.7% | ||
| Q1 25 | 74.1% | 7.4% | ||
| Q4 24 | 202.5% | 14.8% | ||
| Q3 24 | 58.9% | 7.5% | ||
| Q2 24 | -14.6% | 6.5% | ||
| Q1 24 | 87.6% | 12.2% |
| Q4 25 | 1.5% | 8.0% | ||
| Q3 25 | 0.4% | 7.2% | ||
| Q2 25 | 0.2% | 12.7% | ||
| Q1 25 | 0.8% | 13.7% | ||
| Q4 24 | 2.5% | 10.7% | ||
| Q3 24 | 0.5% | 9.9% | ||
| Q2 24 | 0.5% | 9.2% | ||
| Q1 24 | 0.5% | 5.1% |
| Q4 25 | 4.55× | 1.19× | ||
| Q3 25 | 0.41× | 0.85× | ||
| Q2 25 | 2.19× | 0.41× | ||
| Q1 25 | 2.32× | 1.11× | ||
| Q4 24 | 128.41× | 1.30× | ||
| Q3 24 | 18.33× | 0.84× | ||
| Q2 24 | -0.54× | 0.98× | ||
| Q1 24 | 3.82× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
