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

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $92.9M, roughly 1.3× Vericel Corp). Vericel Corp runs the higher net margin — 25.0% vs 5.0%, a 20.0% gap on every dollar of revenue. On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs 18.2%). Vericel Corp produced more free cash flow last quarter ($12.8M vs $9.1M). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs 18.9%).

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.

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

HIPO vs VCEL — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.3× larger
HIPO
$120.4M
$92.9M
VCEL
Growing faster (revenue YoY)
VCEL
VCEL
+5.1% gap
VCEL
23.3%
18.2%
HIPO
Higher net margin
VCEL
VCEL
20.0% more per $
VCEL
25.0%
5.0%
HIPO
More free cash flow
VCEL
VCEL
$3.7M more FCF
VCEL
$12.8M
$9.1M
HIPO
Faster 2-yr revenue CAGR
VCEL
VCEL
Annualised
VCEL
34.6%
18.9%
HIPO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HIPO
HIPO
VCEL
VCEL
Revenue
$120.4M
$92.9M
Net Profit
$6.0M
$23.2M
Gross Margin
78.7%
Operating Margin
5.6%
24.1%
Net Margin
5.0%
25.0%
Revenue YoY
18.2%
23.3%
Net Profit YoY
-86.4%
17.3%
EPS (diluted)
$0.31
$0.46

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
VCEL
VCEL
Q4 25
$120.4M
$92.9M
Q3 25
$120.6M
$67.5M
Q2 25
$117.3M
$63.2M
Q1 25
$110.3M
$52.6M
Q4 24
$101.9M
$75.4M
Q3 24
$95.5M
$57.9M
Q2 24
$89.6M
$52.7M
Q1 24
$85.1M
$51.3M
Net Profit
HIPO
HIPO
VCEL
VCEL
Q4 25
$6.0M
$23.2M
Q3 25
$98.1M
$5.1M
Q2 25
$1.3M
$-553.0K
Q1 25
$-47.7M
$-11.2M
Q4 24
$44.2M
$19.8M
Q3 24
$-8.5M
$-901.0K
Q2 24
$-40.5M
$-4.7M
Q1 24
$-35.7M
$-3.9M
Gross Margin
HIPO
HIPO
VCEL
VCEL
Q4 25
78.7%
Q3 25
73.5%
Q2 25
73.7%
Q1 25
69.0%
Q4 24
77.6%
Q3 24
71.9%
Q2 24
69.5%
Q1 24
68.9%
Operating Margin
HIPO
HIPO
VCEL
VCEL
Q4 25
5.6%
24.1%
Q3 25
81.3%
5.1%
Q2 25
3.4%
-3.2%
Q1 25
-41.3%
-24.3%
Q4 24
46.3%
24.5%
Q3 24
-5.4%
-4.3%
Q2 24
-40.7%
-11.5%
Q1 24
-38.7%
-10.7%
Net Margin
HIPO
HIPO
VCEL
VCEL
Q4 25
5.0%
25.0%
Q3 25
81.3%
7.5%
Q2 25
1.1%
-0.9%
Q1 25
-43.2%
-21.4%
Q4 24
43.4%
26.3%
Q3 24
-8.9%
-1.6%
Q2 24
-45.2%
-8.9%
Q1 24
-42.0%
-7.5%
EPS (diluted)
HIPO
HIPO
VCEL
VCEL
Q4 25
$0.31
$0.46
Q3 25
$3.77
$0.10
Q2 25
$0.05
$-0.01
Q1 25
$-1.91
$-0.23
Q4 24
$1.81
$0.40
Q3 24
$-0.34
$-0.02
Q2 24
$-1.64
$-0.10
Q1 24
$-1.47
$-0.08

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
VCEL
VCEL
Cash + ST InvestmentsLiquidity on hand
$218.3M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$436.1M
$354.6M
Total Assets
$1.9B
$488.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
VCEL
VCEL
Q4 25
$218.3M
$137.5M
Q3 25
$247.7M
$135.4M
Q2 25
$198.9M
$116.9M
Q1 25
$140.9M
$112.9M
Q4 24
$197.6M
$116.2M
Q3 24
$191.2M
$101.7M
Q2 24
$175.9M
$102.5M
Q1 24
$223.4M
$110.6M
Stockholders' Equity
HIPO
HIPO
VCEL
VCEL
Q4 25
$436.1M
$354.6M
Q3 25
$421.5M
$321.9M
Q2 25
$332.5M
$306.8M
Q1 25
$322.8M
$295.5M
Q4 24
$362.1M
$292.0M
Q3 24
$326.4M
$257.5M
Q2 24
$322.6M
$243.0M
Q1 24
$351.2M
$233.9M
Total Assets
HIPO
HIPO
VCEL
VCEL
Q4 25
$1.9B
$488.0M
Q3 25
$1.9B
$453.3M
Q2 25
$1.7B
$435.6M
Q1 25
$1.5B
$424.6M
Q4 24
$1.5B
$432.7M
Q3 24
$1.5B
$390.4M
Q2 24
$1.5B
$376.8M
Q1 24
$1.5B
$356.7M

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
VCEL
VCEL
Operating Cash FlowLast quarter
$9.2M
$15.0M
Free Cash FlowOCF − Capex
$9.1M
$12.8M
FCF MarginFCF / Revenue
7.6%
13.8%
Capex IntensityCapex / Revenue
0.1%
2.4%
Cash ConversionOCF / Net Profit
1.53×
0.65×
TTM Free Cash FlowTrailing 4 quarters
$14.8M
$24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
VCEL
VCEL
Q4 25
$9.2M
$15.0M
Q3 25
$16.9M
$22.1M
Q2 25
$24.7M
$8.2M
Q1 25
$-35.6M
$6.6M
Q4 24
$47.5M
$22.2M
Q3 24
$46.8M
$10.2M
Q2 24
$-10.6M
$18.5M
Q1 24
$17.7M
$7.2M
Free Cash Flow
HIPO
HIPO
VCEL
VCEL
Q4 25
$9.1M
$12.8M
Q3 25
$16.8M
$19.5M
Q2 25
$24.6M
$81.0K
Q1 25
$-35.7M
$-7.6M
Q4 24
$47.2M
$8.5M
Q3 24
$-9.2M
Q2 24
$-10.7M
$1.8M
Q1 24
$17.6M
$-6.8M
FCF Margin
HIPO
HIPO
VCEL
VCEL
Q4 25
7.6%
13.8%
Q3 25
13.9%
28.8%
Q2 25
21.0%
0.1%
Q1 25
-32.4%
-14.5%
Q4 24
46.3%
11.2%
Q3 24
-15.9%
Q2 24
-11.9%
3.4%
Q1 24
20.7%
-13.3%
Capex Intensity
HIPO
HIPO
VCEL
VCEL
Q4 25
0.1%
2.4%
Q3 25
0.1%
3.9%
Q2 25
0.1%
12.9%
Q1 25
0.1%
27.0%
Q4 24
0.3%
18.3%
Q3 24
0.0%
33.5%
Q2 24
0.1%
31.8%
Q1 24
0.1%
27.3%
Cash Conversion
HIPO
HIPO
VCEL
VCEL
Q4 25
1.53×
0.65×
Q3 25
0.17×
4.35×
Q2 25
19.00×
Q1 25
Q4 24
1.07×
1.12×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIPO
HIPO

Segment breakdown not available.

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

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