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Side-by-side financial comparison of HCI Group, Inc. (HCI) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.

WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $246.2M, roughly 1.4× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs -18.0%, a 57.6% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs -76.3%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $168.0M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs -4.6%).

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

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

HCI vs WH — Head-to-Head

Bigger by revenue
WH
WH
1.4× larger
WH
$334.0M
$246.2M
HCI
Growing faster (revenue YoY)
HCI
HCI
+128.4% gap
HCI
52.1%
-76.3%
WH
Higher net margin
HCI
HCI
57.6% more per $
HCI
39.7%
-18.0%
WH
More free cash flow
HCI
HCI
$272.8M more FCF
HCI
$440.8M
$168.0M
WH
Faster 2-yr revenue CAGR
HCI
HCI
Annualised
HCI
9.2%
-4.6%
WH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HCI
HCI
WH
WH
Revenue
$246.2M
$334.0M
Net Profit
$97.7M
$-60.0M
Gross Margin
Operating Margin
58.5%
Net Margin
39.7%
-18.0%
Revenue YoY
52.1%
-76.3%
Net Profit YoY
3679.2%
-170.6%
EPS (diluted)
$7.29
$-0.80

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
WH
WH
Q1 26
$334.0M
Q4 25
$246.2M
$334.0M
Q3 25
$216.3M
$382.0M
Q2 25
$221.9M
$397.0M
Q1 25
$216.4M
$316.0M
Q4 24
$161.9M
$336.0M
Q3 24
$175.3M
$396.0M
Q2 24
$206.2M
$367.0M
Net Profit
HCI
HCI
WH
WH
Q1 26
$-60.0M
Q4 25
$97.7M
$-60.0M
Q3 25
$65.5M
$105.0M
Q2 25
$66.2M
$87.0M
Q1 25
$69.7M
$61.0M
Q4 24
$2.6M
$85.0M
Q3 24
$5.7M
$102.0M
Q2 24
$54.1M
$86.0M
Operating Margin
HCI
HCI
WH
WH
Q1 26
Q4 25
58.5%
-11.4%
Q3 25
41.9%
46.6%
Q2 25
42.5%
37.8%
Q1 25
46.4%
35.4%
Q4 24
3.6%
38.4%
Q3 24
8.0%
43.2%
Q2 24
36.9%
39.5%
Net Margin
HCI
HCI
WH
WH
Q1 26
-18.0%
Q4 25
39.7%
-18.0%
Q3 25
30.3%
27.5%
Q2 25
29.8%
21.9%
Q1 25
32.2%
19.3%
Q4 24
1.6%
25.3%
Q3 24
3.2%
25.8%
Q2 24
26.2%
23.4%
EPS (diluted)
HCI
HCI
WH
WH
Q1 26
$-0.80
Q4 25
$7.29
$-0.77
Q3 25
$4.90
$1.36
Q2 25
$5.18
$1.13
Q1 25
$5.35
$0.78
Q4 24
$0.32
$1.06
Q3 24
$0.52
$1.29
Q2 24
$4.24
$1.07

Balance Sheet & Financial Strength

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

Metric
HCI
HCI
WH
WH
Cash + ST InvestmentsLiquidity on hand
$1.2B
$64.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$468.0M
Total Assets
$2.5B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCI
HCI
WH
WH
Q1 26
$64.0M
Q4 25
$1.2B
$64.0M
Q3 25
$987.9M
$70.0M
Q2 25
$947.2M
$50.0M
Q1 25
$754.5M
$48.0M
Q4 24
$532.5M
$103.0M
Q3 24
$518.8M
$72.0M
Q2 24
$445.8M
$70.0M
Total Debt
HCI
HCI
WH
WH
Q1 26
Q4 25
$2.5B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Stockholders' Equity
HCI
HCI
WH
WH
Q1 26
$468.0M
Q4 25
$1.0B
$468.0M
Q3 25
$821.8M
$583.0M
Q2 25
$758.6M
$570.0M
Q1 25
$522.7M
$579.0M
Q4 24
$453.3M
$650.0M
Q3 24
$455.3M
$583.0M
Q2 24
$447.3M
$623.0M
Total Assets
HCI
HCI
WH
WH
Q1 26
$4.2B
Q4 25
$2.5B
$4.2B
Q3 25
$2.3B
$4.3B
Q2 25
$2.4B
$4.3B
Q1 25
$2.3B
$4.2B
Q4 24
$2.2B
$4.2B
Q3 24
$2.0B
$4.2B
Q2 24
$1.9B
$4.2B
Debt / Equity
HCI
HCI
WH
WH
Q1 26
Q4 25
5.37×
Q3 25
4.43×
Q2 25
4.44×
Q1 25
4.29×
Q4 24
3.72×
Q3 24
4.19×
Q2 24
3.83×

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
WH
WH
Operating Cash FlowLast quarter
$444.4M
$367.0M
Free Cash FlowOCF − Capex
$440.8M
$168.0M
FCF MarginFCF / Revenue
179.0%
50.3%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
4.55×
TTM Free Cash FlowTrailing 4 quarters
$771.4M
$437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCI
HCI
WH
WH
Q1 26
$367.0M
Q4 25
$444.4M
$152.0M
Q3 25
$26.7M
$86.0M
Q2 25
$145.0M
$70.0M
Q1 25
$162.0M
$59.0M
Q4 24
$331.8M
$134.0M
Q3 24
$104.1M
$79.0M
Q2 24
$-29.0M
$1.0M
Free Cash Flow
HCI
HCI
WH
WH
Q1 26
$168.0M
Q4 25
$440.8M
$136.0M
Q3 25
$25.9M
$75.0M
Q2 25
$144.5M
$58.0M
Q1 25
$160.3M
$52.0M
Q4 24
$327.8M
$109.0M
Q3 24
$103.2M
$71.0M
Q2 24
$-30.1M
$-6.0M
FCF Margin
HCI
HCI
WH
WH
Q1 26
50.3%
Q4 25
179.0%
40.7%
Q3 25
12.0%
19.6%
Q2 25
65.1%
14.6%
Q1 25
74.1%
16.5%
Q4 24
202.5%
32.4%
Q3 24
58.9%
17.9%
Q2 24
-14.6%
-1.6%
Capex Intensity
HCI
HCI
WH
WH
Q1 26
Q4 25
1.5%
4.8%
Q3 25
0.4%
2.9%
Q2 25
0.2%
3.0%
Q1 25
0.8%
2.2%
Q4 24
2.5%
7.4%
Q3 24
0.5%
2.0%
Q2 24
0.5%
1.9%
Cash Conversion
HCI
HCI
WH
WH
Q1 26
Q4 25
4.55×
Q3 25
0.41×
0.82×
Q2 25
2.19×
0.80×
Q1 25
2.32×
0.97×
Q4 24
128.41×
1.58×
Q3 24
18.33×
0.77×
Q2 24
-0.54×
0.01×

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%

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

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