Latest Ratios: P/E Ratio 7.3x · EV/EBITDA 2.8x · ROE 37.8%. (2007–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.4B | $2.5B | $1.5B | $965M | $349M | $717M | $507M | $467M | $401M | $256M | $429M |
| Enterprise Value | $1.2B | $1.3B | $1.1B | $639M | $327M | $151M | $260M | $412M | $412M | $238M | $288M |
| P/E Ratio → | 7.31 | 7.71 | 13.11 | 11.47 | — | 397.81 | 14.99 | 13.79 | 22.58 | — | 13.52 |
| P/S Ratio | 2.62 | 2.74 | 1.97 | 1.75 | 0.71 | 1.78 | 1.84 | 1.94 | 1.73 | 1.05 | 1.66 |
| P/B Ratio | 2.10 | 2.22 | 3.15 | 2.28 | 1.37 | 1.73 | 2.52 | 2.52 | 2.21 | 1.32 | 1.76 |
| P/FCF | 5.31 | 5.56 | 4.51 | 4.31 | — | 7.69 | 7.15 | 9.14 | 15.43 | 19.03 | 4.93 |
| P/OCF | 5.28 | 5.53 | 4.46 | 4.18 | — | 7.43 | 6.56 | 8.65 | 14.03 | 15.58 | 4.88 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.47 | 1.51 | 1.16 | 0.66 | 0.37 | 0.94 | 1.71 | 1.78 | 0.97 | 1.11 |
| EV / EBITDA | 2.77 | 3.01 | 6.37 | 5.08 | — | 8.97 | 5.69 | 9.15 | 10.87 | — | 5.50 |
| EV / EBIT | 2.84 | 3.03 | 6.06 | 4.96 | — | 8.58 | 5.36 | 8.41 | 9.15 | 208.08 | 4.96 |
| EV / FCF | — | 2.99 | 3.45 | 2.85 | — | 1.62 | 3.67 | 8.06 | 15.84 | 17.68 | 3.30 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.2% | 73.2% | 36.7% | 37.2% | 3.2% | 20.2% | 22.4% | 37.9% | 35.9% | 16.0% | 35.2% |
| Operating Margin | 47.7% | 47.7% | 23.1% | 21.4% | -13.9% | 2.8% | 13.4% | 15.0% | 11.6% | -6.4% | 18.1% |
| Net Profit Margin | 33.2% | 33.2% | 14.7% | 14.4% | -11.9% | 0.5% | 10.0% | 11.0% | 7.7% | -2.8% | 11.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 37.8% | 37.8% | 24.6% | 23.3% | -17.5% | 0.6% | 14.3% | 14.5% | 9.4% | -3.1% | 12.1% |
| ROA | 12.6% | 12.6% | 5.4% | 4.4% | -3.9% | 0.2% | 3.2% | 3.2% | 2.1% | -0.9% | 4.4% |
| ROIC | 675.0% | 675.0% | 118.4% | 53.6% | -127.4% | — | 65.7% | 16.8% | 11.0% | -8.4% | 34.9% |
| ROCE | 40.6% | 40.6% | 8.6% | 7.1% | -4.7% | 1.1% | 4.2% | 4.4% | 3.4% | -2.2% | 7.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.40 | 0.50 | 0.83 | 0.15 | 0.92 | 0.94 | 1.38 | 1.23 | 0.57 |
| Debt / EBITDA | 0.15 | 0.15 | 1.05 | 1.67 | — | 3.74 | 4.03 | 3.86 | 6.60 | — | 2.66 |
| Net Debt / Equity | — | -1.02 | -0.74 | -0.77 | -0.09 | -1.37 | -1.23 | -0.30 | 0.06 | -0.09 | -0.58 |
| Net Debt / EBITDA | -2.59 | -2.59 | -1.95 | -2.60 | — | -33.74 | -5.41 | -1.23 | 0.28 | — | -2.71 |
| Debt / FCF | — | -2.57 | -1.06 | -1.46 | — | -6.08 | -3.49 | -1.08 | 0.41 | -1.34 | -1.63 |
| Interest Coverage | 47.89 | 47.89 | 13.99 | 11.58 | -7.95 | 2.78 | 4.19 | 3.80 | 2.49 | 0.07 | 5.23 |
Net cash position: cash ($1.2B) exceeds total debt ($68M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.24 | 1.24 | — | 2.90 | 54.45 | — | — | — | 45366.93 | 0.98 | 136.14 |
| Quick Ratio | 1.24 | 1.24 | — | 7.35 | 74.37 | — | — | — | 72269.86 | 11.35 | 252.85 |
| Cash Ratio | 0.94 | 0.94 | — | 2.60 | 26.65 | — | — | — | 34904.29 | 6.14 | 151.73 |
| Asset Turnover | — | 0.36 | 0.34 | 0.30 | 0.27 | 0.34 | 0.29 | 0.30 | 0.28 | 0.29 | 0.39 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 0.8% | 1.1% | 1.4% | 4.4% | 2.0% | 2.5% | 2.8% | 2.8% | 5.4% | 2.9% |
| Payout Ratio | 6.5% | 6.5% | 15.1% | 17.4% | — | 757.8% | 46.0% | 49.0% | 63.9% | — | 42.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.7% | 13.0% | 7.6% | 8.7% | — | 0.3% | 6.7% | 7.3% | 4.4% | — | 7.4% |
| FCF Yield | 18.8% | 18.0% | 22.2% | 23.2% | — | 13.0% | 14.0% | 10.9% | 6.5% | 5.3% | 20.3% |
| Buyback Yield | 0.1% | 0.1% | 0.1% | 0.1% | 25.3% | 0.2% | 1.3% | 4.3% | 5.3% | 17.9% | 4.8% |
| Total Shareholder Yield | 0.9% | 0.8% | 1.2% | 1.5% | 29.7% | 2.1% | 3.8% | 7.1% | 8.1% | 23.4% | 7.7% |
| Shares Outstanding | — | $13M | $13M | $11M | $9M | $9M | $10M | $10M | $8M | $9M | $11M |
Florida geographic concentration risk
According to recent market data, HCI trades at a P/B ratio of 2.09, which represents a significant premium compared to regional peers, suggesting that investors are pricing in the value of the company's proprietary technology stack and its diversified real estate holdings beyond standard insurance operations.
The elevated P/B multiple appears to indicate that the market views HCI as a technology-enabled financial entity rather than a traditional catastrophe-exposed insurer. This valuation premium warrants further investigation into whether the software segment can sustain independent growth, as the current multiple may be vulnerable if the insurance underwriting cycle faces a downturn.
As reported in quarterly financial statements, HCI achieved a combined ratio of 52.5% in 2026Q1, demonstrating a marked improvement from the 96.4% level observed in 2024Q4 and highlighting the company's ability to maintain underwriting discipline through internal reinsurance and granular risk selection.
The trajectory of the combined ratio suggests that the company's vertical integration strategy is effectively mitigating the impact of claims inflation. Investors should monitor whether this profitability is sustainable or if it remains highly sensitive to the seasonal volatility inherent in the Florida residential property market.
Based on historical performance data, HCI has maintained a strong ROE, peaking at 13.8% in 2025Q1, which appears to be primarily driven by superior underwriting margins rather than excessive financial leverage, as evidenced by the company's consistently low debt-to-equity ratios across the observed periods.
The decomposition of ROE suggests that the company's ability to retain premiums through its internal reinsurance subsidiary is a key driver of profitability. This internal capture of margin appears to provide a competitive buffer that allows the firm to generate returns even when investment yields on float are subject to market fluctuations.
As indicated by the provided financial data, HCI maintains a D/E ratio of 0.06 as of 2026Q1, reflecting a highly conservative capital structure that provides a significant buffer against the underwriting volatility typical of the Florida property and casualty insurance sector.
The company's minimal reliance on debt suggests that its underwriting leverage is managed through capital retention rather than external financing. This fortress-like balance sheet appears to be a strategic choice, positioning the firm to absorb potential catastrophic losses without the need for dilutive capital raises.
Financial analysts frequently misapply the P/E ratio to HCI, as reported in market consensus, which obscures the company's true economic health by failing to account for the volatility of underwriting results and the significant impact of non-cash items like deferred acquisition costs on net income.
Investors should prioritize the combined ratio and book value growth over P/E multiples, as the latter is often distorted by the timing of reinsurance true-ups and catastrophic loss events. Relying on P/E may lead to an inaccurate assessment of the company's long-term value, as it ignores the underlying quality of the insurance float.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying HCI stock.
HCI Group, Inc.'s current P/E ratio is 7.3x. The historical average is 10.1x. This places it at the 33th percentile of its historical range.
HCI Group, Inc.'s current EV/EBITDA is 2.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.4x.
HCI Group, Inc.'s return on equity (ROE) is 37.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 19.7%.
Based on historical data, HCI Group, Inc. is trading at a P/E of 7.3x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
HCI Group, Inc.'s current dividend yield is 0.82% with a payout ratio of 6.5%.
HCI Group, Inc. has 73.2% gross margin and 47.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
HCI Group, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.