HCI Group, Inc. (HCI) Stock Analysis
Financial Services · Insurance - Property & Casualty · NYSE
HCI Group, Inc. (HCI) posted $900.95M in revenue for fiscal 2025 (up 20.1% year over year), at a 33.2% net margin, and has compounded revenue about 23.7%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on HCI Group, Inc.
HCI Group, Inc. has grown revenue from $264.45M to $900.95M over the last 10 fiscal years, compounding about 23.7% a year. The most recent year was up 20.1%, so growth has cooled from its longer-run pace.
Net margin sits at 33.2%, up 18.5 points year over year.
At today's valuation the market is pricing in roughly -13.3% annual free-cash-flow growth — versus the 44.1% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from HCI Group, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
HCI Group, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $264.45M | $244.41M | $231.29M | $242.47M | $310.44M | $407.92M | $499.56M | $550.67M | $750.05M | $900.95M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $29.02M | $-6.89M | $17.73M | $26.58M | $27.58M | $1.86M | $-58.51M | $79.03M | $109.95M | $299.00M |
| Net margin | 11.0% | -2.8% | 7.7% | 11.0% | 8.9% | 0.5% | -11.7% | 14.4% | 14.7% | 33.2% |
Source: HCI Group, Inc. SEC filings (10-K). 16 years of history available in the interactive view.
HCI Group, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 28.2% over 4 years (10.1M → 13M) — existing holders' stakes are being diluted.
What growth is priced into HCI stock?
At today's market cap of $2.05B, HCI Group, Inc. is priced for free-cash-flow growth of about -13.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $440.82M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 44.1%/yr over the last five fiscal years and revenue 23.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 16 years of HCI Group, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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HCI Group, Inc. financial history by metric
Compare HCI Group, Inc. with peers
About HCI Group, Inc.
HCI Group, Inc., together with its subsidiaries, engages in the property and casualty insurance business in the United States. The company operates through Insurance Operations, Exzeo, Reciprocal Exchange Operations, and Real Estate segments. It provides homeowners' property and casualty insurance products; claim adjusting and processing services; turnkey insurance technology and operations solutions to property and casualty insurance carriers and its agents through the Exzeo platform; and SAMSTM, a web-based system designed to automate and streamline the process of managing insurance policies. The company also offers Harmony, a policy administration platform; ClaimColony, an end-to-end claims management platform; AtlasViewer, a mapping and data visualization platform. In addition, it is involved in reciprocal exchange operations; and developing and operating commercial properties for investment purposes. The company was formerly known as Homeowners Choice, Inc. and changed its name to HCI Group, Inc. in May 2013. HCI Group, Inc. was incorporated in 2006 and is headquartered in Tampa, Florida.
HCI Group, Inc. — frequently asked questions
What is HCI Group, Inc.'s revenue?
HCI Group, Inc. (HCI) reported revenue of $900.95M for fiscal year 2025, up 20.1% from the prior year, according to its SEC filings.
Is HCI Group, Inc. profitable?
Yes. HCI earned net income of $299.00M in fiscal 2025, a net margin of 33.2%.
What is HCI's P/E ratio?
HCI Group, Inc. trades at a price-to-earnings ratio of about 7.0 based on the latest data in our nightly-refreshed cache.
How fast is HCI Group, Inc. growing?
HCI's revenue grew at roughly 23.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does HCI Group, Inc. have?
As of fiscal year 2025, HCI carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is HCI Group, Inc.'s market cap?
HCI Group, Inc. (HCI) has a market capitalization of about $2.05B, based on the latest data in our nightly-refreshed cache.
When does HCI Group, Inc.'s fiscal year end?
HCI's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into HCI stock?
At today's market cap of $2.05B, HCI Group, Inc. is priced for free-cash-flow growth of about -13.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $440.82M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 44.1%/yr over the last five fiscal years and revenue 23.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from HCI Group, Inc.'s official SEC filings (10-K and 10-Q), covering 16 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.