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Side-by-side financial comparison of HCI Group, Inc. (HCI) and Wingstop Inc. (WING). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $183.7M, roughly 1.3× Wingstop Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 16.3%, a 23.4% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 7.4%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 8.6%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
HCI vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.2M | $183.7M |
| Net Profit | $97.7M | $29.9M |
| Gross Margin | — | 86.5% |
| Operating Margin | 58.5% | 27.4% |
| Net Margin | 39.7% | 16.3% |
| Revenue YoY | 52.1% | 7.4% |
| Net Profit YoY | 3679.2% | — |
| EPS (diluted) | $7.29 | $1.08 |
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 | — | $183.7M | ||
| Q4 25 | $246.2M | $175.7M | ||
| Q3 25 | $216.3M | $175.7M | ||
| Q2 25 | $221.9M | $174.3M | ||
| Q1 25 | $216.4M | $171.1M | ||
| Q4 24 | $161.9M | $161.8M | ||
| Q3 24 | $175.3M | $162.5M | ||
| Q2 24 | $206.2M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $97.7M | $26.8M | ||
| Q3 25 | $65.5M | $28.5M | ||
| Q2 25 | $66.2M | $26.8M | ||
| Q1 25 | $69.7M | $92.3M | ||
| Q4 24 | $2.6M | $26.8M | ||
| Q3 24 | $5.7M | $25.7M | ||
| Q2 24 | $54.1M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 58.5% | 26.7% | ||
| Q3 25 | 41.9% | 27.9% | ||
| Q2 25 | 42.5% | 25.9% | ||
| Q1 25 | 46.4% | 22.4% | ||
| Q4 24 | 3.6% | 25.9% | ||
| Q3 24 | 8.0% | 24.5% | ||
| Q2 24 | 36.9% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 39.7% | 15.2% | ||
| Q3 25 | 30.3% | 16.2% | ||
| Q2 25 | 29.8% | 15.4% | ||
| Q1 25 | 32.2% | 53.9% | ||
| Q4 24 | 1.6% | 16.5% | ||
| Q3 24 | 3.2% | 15.8% | ||
| Q2 24 | 26.2% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $7.29 | $0.99 | ||
| Q3 25 | $4.90 | $1.02 | ||
| Q2 25 | $5.18 | $0.96 | ||
| Q1 25 | $5.35 | $3.24 | ||
| Q4 24 | $0.32 | $0.91 | ||
| Q3 24 | $0.52 | $0.88 | ||
| Q2 24 | $4.24 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | — |
| Total Assets | $2.5B | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $1.2B | $196.6M | ||
| Q3 25 | $987.9M | $237.6M | ||
| Q2 25 | $947.2M | $227.9M | ||
| Q1 25 | $754.5M | $251.4M | ||
| Q4 24 | $532.5M | $315.9M | ||
| Q3 24 | $518.8M | $84.0M | ||
| Q2 24 | $445.8M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $-736.8M | ||
| Q3 25 | $821.8M | $-702.6M | ||
| Q2 25 | $758.6M | $-686.0M | ||
| Q1 25 | $522.7M | $-715.0M | ||
| Q4 24 | $453.3M | $-675.6M | ||
| Q3 24 | $455.3M | $-447.5M | ||
| Q2 24 | $447.3M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $2.5B | $693.4M | ||
| Q3 25 | $2.3B | $721.0M | ||
| Q2 25 | $2.4B | $708.3M | ||
| Q1 25 | $2.3B | $696.8M | ||
| Q4 24 | $2.2B | $716.2M | ||
| Q3 24 | $2.0B | $484.8M | ||
| Q2 24 | $1.9B | $451.8M |
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 | — |
| Free Cash FlowOCF − Capex | $440.8M | — |
| FCF MarginFCF / Revenue | 179.0% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 4.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $771.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $444.4M | $57.3M | ||
| Q3 25 | $26.7M | $63.9M | ||
| Q2 25 | $145.0M | $6.6M | ||
| Q1 25 | $162.0M | $25.3M | ||
| Q4 24 | $331.8M | $7.7M | ||
| Q3 24 | $104.1M | $69.0M | ||
| Q2 24 | $-29.0M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $440.8M | $34.5M | ||
| Q3 25 | $25.9M | $61.7M | ||
| Q2 25 | $144.5M | $-7.8M | ||
| Q1 25 | $160.3M | $17.3M | ||
| Q4 24 | $327.8M | $-8.6M | ||
| Q3 24 | $103.2M | $54.9M | ||
| Q2 24 | $-30.1M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 179.0% | 19.6% | ||
| Q3 25 | 12.0% | 35.1% | ||
| Q2 25 | 65.1% | -4.5% | ||
| Q1 25 | 74.1% | 10.1% | ||
| Q4 24 | 202.5% | -5.3% | ||
| Q3 24 | 58.9% | 33.8% | ||
| Q2 24 | -14.6% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 13.0% | ||
| Q3 25 | 0.4% | 1.3% | ||
| Q2 25 | 0.2% | 8.2% | ||
| Q1 25 | 0.8% | 4.7% | ||
| Q4 24 | 2.5% | 10.1% | ||
| Q3 24 | 0.5% | 8.7% | ||
| Q2 24 | 0.5% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.55× | 2.14× | ||
| Q3 25 | 0.41× | 2.24× | ||
| Q2 25 | 2.19× | 0.25× | ||
| Q1 25 | 2.32× | 0.27× | ||
| Q4 24 | 128.41× | 0.29× | ||
| Q3 24 | 18.33× | 2.68× | ||
| Q2 24 | -0.54× | 1.32× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
