vs

Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) and Sweetgreen, Inc. (SG). Click either name above to swap in a different company.

Sweetgreen, Inc. is the larger business by last-quarter revenue ($161.5M vs $120.4M, roughly 1.3× Hippo Holdings Inc.). Sweetgreen, Inc. runs the higher net margin — 77.9% vs 5.0%, a 72.9% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -2.9%). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -6.5%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

Sweetgreen is an American fast casual restaurant chain that serves salads. It was founded in November 2006 by Nicolas Jammet, Nathaniel Ru, and Jonathan Neman. In August 2007, they opened their first store in Washington, D.C., three months after they graduated from the McDonough School of Business at Georgetown University.

HIPO vs SG — Head-to-Head

Bigger by revenue
SG
SG
1.3× larger
SG
$161.5M
$120.4M
HIPO
Growing faster (revenue YoY)
HIPO
HIPO
+21.0% gap
HIPO
18.2%
-2.9%
SG
Higher net margin
SG
SG
72.9% more per $
SG
77.9%
5.0%
HIPO
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
-6.5%
SG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HIPO
HIPO
SG
SG
Revenue
$120.4M
$161.5M
Net Profit
$6.0M
$125.8M
Gross Margin
Operating Margin
5.6%
68.7%
Net Margin
5.0%
77.9%
Revenue YoY
18.2%
-2.9%
Net Profit YoY
-86.4%
602.5%
EPS (diluted)
$0.31
$1.05

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
HIPO
HIPO
SG
SG
Q1 26
$161.5M
Q4 25
$120.4M
$155.2M
Q3 25
$120.6M
$172.4M
Q2 25
$117.3M
$185.6M
Q1 25
$110.3M
$166.3M
Q4 24
$101.9M
$160.9M
Q3 24
$95.5M
$173.4M
Q2 24
$89.6M
$184.6M
Net Profit
HIPO
HIPO
SG
SG
Q1 26
$125.8M
Q4 25
$6.0M
$-49.7M
Q3 25
$98.1M
$-36.1M
Q2 25
$1.3M
$-23.2M
Q1 25
$-47.7M
$-25.0M
Q4 24
$44.2M
$-29.0M
Q3 24
$-8.5M
$-20.8M
Q2 24
$-40.5M
$-14.5M
Operating Margin
HIPO
HIPO
SG
SG
Q1 26
68.7%
Q4 25
5.6%
-31.0%
Q3 25
81.3%
-21.0%
Q2 25
3.4%
-14.2%
Q1 25
-41.3%
-17.2%
Q4 24
46.3%
-19.5%
Q3 24
-5.4%
-12.2%
Q2 24
-40.7%
-8.8%
Net Margin
HIPO
HIPO
SG
SG
Q1 26
77.9%
Q4 25
5.0%
-32.0%
Q3 25
81.3%
-21.0%
Q2 25
1.1%
-12.5%
Q1 25
-43.2%
-15.1%
Q4 24
43.4%
-18.0%
Q3 24
-8.9%
-12.0%
Q2 24
-45.2%
-7.8%
EPS (diluted)
HIPO
HIPO
SG
SG
Q1 26
$1.05
Q4 25
$0.31
$-0.42
Q3 25
$3.77
$-0.31
Q2 25
$0.05
$-0.20
Q1 25
$-1.91
$-0.21
Q4 24
$1.81
$-0.25
Q3 24
$-0.34
$-0.18
Q2 24
$-1.64
$-0.13

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
SG
SG
Cash + ST InvestmentsLiquidity on hand
$218.3M
$156.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$436.1M
$488.9M
Total Assets
$1.9B
$912.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
SG
SG
Q1 26
$156.8M
Q4 25
$218.3M
$89.2M
Q3 25
$247.7M
$130.0M
Q2 25
$198.9M
$168.5M
Q1 25
$140.9M
$183.9M
Q4 24
$197.6M
$214.8M
Q3 24
$191.2M
$234.6M
Q2 24
$175.9M
$244.6M
Stockholders' Equity
HIPO
HIPO
SG
SG
Q1 26
$488.9M
Q4 25
$436.1M
$356.1M
Q3 25
$421.5M
$393.3M
Q2 25
$332.5M
$423.3M
Q1 25
$322.8M
$432.8M
Q4 24
$362.1M
$446.1M
Q3 24
$326.4M
$463.3M
Q2 24
$322.6M
$470.1M
Total Assets
HIPO
HIPO
SG
SG
Q1 26
$912.7M
Q4 25
$1.9B
$788.1M
Q3 25
$1.9B
$824.8M
Q2 25
$1.7B
$831.9M
Q1 25
$1.5B
$834.3M
Q4 24
$1.5B
$856.8M
Q3 24
$1.5B
$858.0M
Q2 24
$1.5B
$859.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HIPO
HIPO
SG
SG
Operating Cash FlowLast quarter
$9.2M
$-17.2M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.53×
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
SG
SG
Q1 26
$-17.2M
Q4 25
$9.2M
$-8.7M
Q3 25
$16.9M
$-1.4M
Q2 25
$24.7M
$10.5M
Q1 25
$-35.6M
$-13.1M
Q4 24
$47.5M
$6.1M
Q3 24
$46.8M
$14.7M
Q2 24
$-10.6M
$19.1M
Free Cash Flow
HIPO
HIPO
SG
SG
Q1 26
Q4 25
$9.1M
$-39.0M
Q3 25
$16.8M
$-37.2M
Q2 25
$24.6M
$-13.1M
Q1 25
$-35.7M
$-29.9M
Q4 24
$47.2M
$-20.6M
Q3 24
$-10.3M
Q2 24
$-10.7M
$-156.0K
FCF Margin
HIPO
HIPO
SG
SG
Q1 26
Q4 25
7.6%
-25.1%
Q3 25
13.9%
-21.6%
Q2 25
21.0%
-7.1%
Q1 25
-32.4%
-18.0%
Q4 24
46.3%
-12.8%
Q3 24
-6.0%
Q2 24
-11.9%
-0.1%
Capex Intensity
HIPO
HIPO
SG
SG
Q1 26
Q4 25
0.1%
19.6%
Q3 25
0.1%
20.8%
Q2 25
0.1%
12.7%
Q1 25
0.1%
10.1%
Q4 24
0.3%
16.6%
Q3 24
0.0%
14.4%
Q2 24
0.1%
10.4%
Cash Conversion
HIPO
HIPO
SG
SG
Q1 26
-0.14×
Q4 25
1.53×
Q3 25
0.17×
Q2 25
19.00×
Q1 25
Q4 24
1.07×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons