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Side-by-side financial comparison of HCI Group, Inc. (HCI) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $192.4M, roughly 1.3× Xometry, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs -4.5%, a 44.1% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 29.5%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $-5.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% CAGR vs 9.2%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
HCI vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.2M | $192.4M |
| Net Profit | $97.7M | $-8.6M |
| Gross Margin | — | 39.1% |
| Operating Margin | 58.5% | -4.6% |
| Net Margin | 39.7% | -4.5% |
| Revenue YoY | 52.1% | 29.5% |
| Net Profit YoY | 3679.2% | 12.7% |
| EPS (diluted) | $7.29 | — |
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 | $192.4M | ||
| Q3 25 | $216.3M | $180.7M | ||
| Q2 25 | $221.9M | $162.5M | ||
| Q1 25 | $216.4M | $151.0M | ||
| Q4 24 | $161.9M | $148.5M | ||
| Q3 24 | $175.3M | $141.7M | ||
| Q2 24 | $206.2M | $132.6M | ||
| Q1 24 | $206.6M | $122.7M |
| Q4 25 | $97.7M | $-8.6M | ||
| Q3 25 | $65.5M | $-11.6M | ||
| Q2 25 | $66.2M | $-26.4M | ||
| Q1 25 | $69.7M | $-15.1M | ||
| Q4 24 | $2.6M | $-9.9M | ||
| Q3 24 | $5.7M | $-10.2M | ||
| Q2 24 | $54.1M | $-13.7M | ||
| Q1 24 | $47.6M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | 58.5% | -4.6% | ||
| Q3 25 | 41.9% | -6.1% | ||
| Q2 25 | 42.5% | -6.3% | ||
| Q1 25 | 46.4% | -10.2% | ||
| Q4 24 | 3.6% | -7.8% | ||
| Q3 24 | 8.0% | -8.1% | ||
| Q2 24 | 36.9% | -11.5% | ||
| Q1 24 | 37.5% | -14.6% |
| Q4 25 | 39.7% | -4.5% | ||
| Q3 25 | 30.3% | -6.4% | ||
| Q2 25 | 29.8% | -16.3% | ||
| Q1 25 | 32.2% | -10.0% | ||
| Q4 24 | 1.6% | -6.7% | ||
| Q3 24 | 3.2% | -7.2% | ||
| Q2 24 | 26.2% | -10.3% | ||
| Q1 24 | 23.0% | -13.5% |
| Q4 25 | $7.29 | — | ||
| Q3 25 | $4.90 | — | ||
| Q2 25 | $5.18 | — | ||
| Q1 25 | $5.35 | — | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $0.52 | — | ||
| Q2 24 | $4.24 | — | ||
| Q1 24 | $3.81 | — |
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 | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $275.6M |
| Total Assets | $2.5B | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $219.1M | ||
| Q3 25 | $987.9M | $224.5M | ||
| Q2 25 | $947.2M | $225.8M | ||
| Q1 25 | $754.5M | $231.4M | ||
| Q4 24 | $532.5M | $239.8M | ||
| Q3 24 | $518.8M | $234.0M | ||
| Q2 24 | $445.8M | $240.9M | ||
| Q1 24 | $655.4M | $253.8M |
| Q4 25 | $1.0B | $275.6M | ||
| Q3 25 | $821.8M | $272.0M | ||
| Q2 25 | $758.6M | $270.4M | ||
| Q1 25 | $522.7M | $309.9M | ||
| Q4 24 | $453.3M | $314.5M | ||
| Q3 24 | $455.3M | $315.2M | ||
| Q2 24 | $447.3M | $315.8M | ||
| Q1 24 | $395.7M | $320.4M |
| Q4 25 | $2.5B | $703.7M | ||
| Q3 25 | $2.3B | $698.9M | ||
| Q2 25 | $2.4B | $687.0M | ||
| Q1 25 | $2.3B | $690.1M | ||
| Q4 24 | $2.2B | $680.1M | ||
| Q3 24 | $2.0B | $678.2M | ||
| Q2 24 | $1.9B | $678.6M | ||
| Q1 24 | $1.8B | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $440.8M | $-5.9M |
| FCF MarginFCF / Revenue | 179.0% | -3.0% |
| Capex IntensityCapex / Revenue | 1.5% | 5.3% |
| Cash ConversionOCF / Net Profit | 4.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $771.4M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $444.4M | $4.4M | ||
| Q3 25 | $26.7M | $5.8M | ||
| Q2 25 | $145.0M | $-427.0K | ||
| Q1 25 | $162.0M | $-3.7M | ||
| Q4 24 | $331.8M | $9.1M | ||
| Q3 24 | $104.1M | $-3.6M | ||
| Q2 24 | $-29.0M | $-9.1M | ||
| Q1 24 | $182.0M | $-11.7M |
| Q4 25 | $440.8M | $-5.9M | ||
| Q3 25 | $25.9M | $-1.7M | ||
| Q2 25 | $144.5M | $-7.4M | ||
| Q1 25 | $160.3M | $-9.2M | ||
| Q4 24 | $327.8M | $4.5M | ||
| Q3 24 | $103.2M | $-8.4M | ||
| Q2 24 | $-30.1M | $-13.5M | ||
| Q1 24 | $181.0M | $-16.1M |
| Q4 25 | 179.0% | -3.0% | ||
| Q3 25 | 12.0% | -0.9% | ||
| Q2 25 | 65.1% | -4.5% | ||
| Q1 25 | 74.1% | -6.1% | ||
| Q4 24 | 202.5% | 3.1% | ||
| Q3 24 | 58.9% | -6.0% | ||
| Q2 24 | -14.6% | -10.2% | ||
| Q1 24 | 87.6% | -13.1% |
| Q4 25 | 1.5% | 5.3% | ||
| Q3 25 | 0.4% | 4.1% | ||
| Q2 25 | 0.2% | 4.3% | ||
| Q1 25 | 0.8% | 3.6% | ||
| Q4 24 | 2.5% | 3.1% | ||
| Q3 24 | 0.5% | 3.4% | ||
| Q2 24 | 0.5% | 3.3% | ||
| Q1 24 | 0.5% | 3.5% |
| Q4 25 | 4.55× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 2.32× | — | ||
| Q4 24 | 128.41× | — | ||
| Q3 24 | 18.33× | — | ||
| Q2 24 | -0.54× | — | ||
| Q1 24 | 3.82× | — |
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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
