HCI Group, Inc. (HCI) vs Porch Group, Inc. (PRCH)

HCI Group, Inc. and Porch Group, Inc. are both Insurance Property & Casualty companies. HCI Group, Inc. is the larger, with a market value of $2.4B against $2.0B — 1.2× the size. Porch Group, Inc. has negative trailing earnings, so its P/E is not meaningful; HCI Group, Inc. trades at 8.3×. HCI Group, Inc. grew revenue faster over the last twelve months: 22.8% against 16.1%. HCI Group, Inc. has the higher net margin (31.3% vs −2.62%) and the higher return on invested capital (79.2% vs 7.07%). Across the 19 metrics below, HCI Group, Inc. leads on 16 and Porch Group, Inc. on 3.

Valuation

Metric HCI PRCH Insurance Property & Casualty median
P/E 8.27 n/m 10.75
P/S 2.55 3.79 1.21
P/B 2.07 100.38 1.99
Price to free cash flow 5.96 25.25 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 12.09% (1.70%) 9.08%
Free cash flow yield 16.78% 3.96% 12.11%

Profitability

Metric HCI PRCH Insurance Property & Casualty median
Gross margin 59.73% 72.10% 41.16%
Operating margin 48.84% 7.88% 15.09%
Net margin 31.32% (2.62%) 11.51%
Free cash flow margin 42.99% 15.60% 17.46%
Return on equity 30.46% (156.54%) 17.34%
Return on assets 11.92% (1.69%) 3.74%
Return on invested capital 79.17% 7.07% 12.06%

Growth

Metric HCI PRCH Insurance Property & Casualty median
Revenue growth (TTM) 22.77% 16.10% 8.02%
EPS growth (last fiscal year) 155.57% 90.90% 39.61%
Revenue growth, 5-year CAGR 23.75% 46.17% 9.23%
Net income growth, 5-year CAGR 61.50% 0.00% 10.09%

Health

Metric HCI PRCH Insurance Property & Casualty median
Debt to equity 0.06 20.93 0.25
Current ratio 0.69 1.45 0.42
Net debt to EBITDA (2.56) 5.36 0.08

Dividend

Metric HCI PRCH Insurance Property & Casualty median
Dividend yield 0.81% — 1.50%
Payout ratio 0.07 — 0.14

Size

Metric HCI PRCH Insurance Property & Casualty median
Market cap 2.44b 1.99b 2.67b

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