HCI (HCI) financial statements
HCI reported revenue of $901M in fiscal 2025, up 14.6% a year over 9 years.
Net income was $299M and the operating margin 47.7%, against 17.7% in 2016.
Free cash flow was $441M, and the company returned $19M in dividends and $2M in net buybacks.
The diluted share count rose 18% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from HCI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $264M | $244M | $231M | $242M | $310M | $408M | $500M | $551M | $750M | $901M |
| Operating income | $47M | -$16M | $27M | $36M | $37M | $11M | -$68M | $118M | $173M | $429M |
| Interest expense | $11M | $17M | $18M | $13M | $12M | $6M | $8M | $11M | $13M | $9M |
| Pre-tax income | $47M | -$16M | $27M | $36M | $37M | $11M | -$68M | $118M | $173M | $429M |
| Income tax | $18M | -$9M | $9M | $10M | $9M | $4M | -$14M | $28M | $46M | $109M |
| Net income | $29M | -$7M | $18M | $27M | $28M | $2M | -$59M | $79M | $110M | $299M |
| EPS (diluted) | $2.92 | -$0.75 | $2.34 | $3.31 | $3.49 | $0.21 | -$6.24 | $7.62 | $8.89 | $22.72 |
| Diluted shares | 11M | 9M | 8M | 10M | 10M | 9M | 9M | 11M | 13M | 13M |
| Operating margin | 17.7% | -6.4% | 11.6% | 14.9% | 11.9% | 2.8% | -13.7% | 21.4% | 23.1% | 47.7% |
| Net margin | 11.0% | -2.8% | 7.7% | 11.0% | 8.9% | 0.5% | -11.7% | 14.4% | 14.7% | 33.2% |
Balance sheet
Fiscal years, from HCI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $281M | $256M | $306M | $229M | $431M | $629M | $235M | $536M | $532M | $1.2B |
| Receivables | $17M | $18M | $17M | $20M | $68M | $68M | $35M | $38M | $51M | $57M |
| Property, plant and equipment | $11M | $12M | $13M | $15M | $13M | $14M | $18M | $29M | $30M | $29M |
| Total assets | $670M | $842M | $833M | $803M | $941M | $1.2B | $1.8B | $1.8B | $2.2B | $2.5B |
| Total liabilities | $426M | $648M | $651M | $617M | $740M | $762M | $1.5B | $1.4B | $1.8B | $1.4B |
| Shareholders' equity | $244M | $194M | $181M | $186M | $201M | $323M | $163M | $325M | $453M | $1.0B |
| Net debt | -$281M | -$256M | -$239M | -$229M | -$431M | -$629M | -$235M | -$536M | -$532M | -$1.2B |
Cash flow
Fiscal years, from HCI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $88M | $17M | $29M | $54M | $77M | $97M | -$12,000 | $231M | $332M | $444M |
| Capital spending | $865,000 | $2M | $2M | $3M | $6M | $3M | $6M | $7M | $4M | $4M |
| Free cash flow | $87M | $14M | $26M | $51M | $71M | $93M | -$6M | $224M | $328M | $441M |
| Stock-based compensation | $4M | $5M | $5M | $6M | $8M | $14M | $15M | $9M | $10M | $11M |
| Dividends paid | $12M | $14M | $11M | $13M | $13M | $14M | $15M | $14M | $17M | $19M |
| Share buybacks (net) | -$464,000 | -$31M | -$1M | -$1M | -$2M | -$1M | -$71M | -$784,000 | -$1M | -$2M |
| Net borrowing | $18M | $143M | $5M | — | $10M | $0 | $172M | $12M | $0 | $17M |
| Free cash flow margin | 33.1% | 5.8% | 11.4% | 21.1% | 22.8% | 22.8% | -1.3% | 40.7% | 43.7% | 48.9% |
| Dividends per share | $1.14 | $1.62 | $1.43 | $1.27 | $1.31 | $1.64 | $1.73 | $1.24 | $1.31 | $1.50 |
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Open HCI in InvestinglyQuestions
What was HCI's revenue in 2025?
$901M in fiscal 2025, from its 10-K filing.
How much free cash flow does HCI generate?
$441M in fiscal 2025 (operating cash flow minus capital spending).
From HCI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.