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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and H2O AMERICA (HTO). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $183.6M, roughly 1.1× ACV Auctions Inc.). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 12.3%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
ACVA vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $199.4M |
| Net Profit | — | $16.2M |
| Gross Margin | — | — |
| Operating Margin | -9.7% | 16.6% |
| Net Margin | — | 8.1% |
| Revenue YoY | 15.1% | 1.5% |
| Net Profit YoY | — | -29.2% |
| EPS (diluted) | $-0.12 | $0.45 |
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.
| Q4 25 | $183.6M | $199.4M | ||
| Q3 25 | $199.6M | $243.5M | ||
| Q2 25 | $193.7M | $197.8M | ||
| Q1 25 | $182.7M | $164.9M | ||
| Q4 24 | $159.5M | $196.5M | ||
| Q3 24 | $171.3M | $216.7M | ||
| Q2 24 | $160.6M | $173.1M | ||
| Q1 24 | $145.7M | $150.0M |
| Q4 25 | — | $16.2M | ||
| Q3 25 | $-24.5M | $45.1M | ||
| Q2 25 | $-7.3M | $24.7M | ||
| Q1 25 | $-14.8M | $16.6M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | $-16.0M | $38.7M | ||
| Q2 24 | $-17.1M | $20.7M | ||
| Q1 24 | $-20.5M | $11.7M |
| Q4 25 | -9.7% | 16.6% | ||
| Q3 25 | -11.9% | 26.5% | ||
| Q2 25 | -3.7% | 22.2% | ||
| Q1 25 | -7.9% | 21.8% | ||
| Q4 24 | -16.2% | 22.2% | ||
| Q3 24 | -10.0% | 26.9% | ||
| Q2 24 | -11.6% | 23.4% | ||
| Q1 24 | -15.5% | 18.6% |
| Q4 25 | — | 8.1% | ||
| Q3 25 | -12.3% | 18.5% | ||
| Q2 25 | -3.8% | 12.5% | ||
| Q1 25 | -8.1% | 10.0% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | -9.4% | 17.8% | ||
| Q2 24 | -10.6% | 12.0% | ||
| Q1 24 | -14.1% | 7.8% |
| Q4 25 | $-0.12 | $0.45 | ||
| Q3 25 | $-0.14 | $1.27 | ||
| Q2 25 | $-0.04 | $0.71 | ||
| Q1 25 | $-0.09 | $0.49 | ||
| Q4 24 | $-0.15 | $0.70 | ||
| Q3 24 | $-0.10 | $1.17 | ||
| Q2 24 | $-0.10 | $0.64 | ||
| Q1 24 | $-0.13 | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $429.7M | $1.5B |
| Total Assets | $1.1B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | $20.7M | ||
| Q3 25 | $265.3M | $11.3M | ||
| Q2 25 | $258.4M | $19.8M | ||
| Q1 25 | $291.9M | $23.7M | ||
| Q4 24 | $224.1M | $11.1M | ||
| Q3 24 | $252.5M | $4.0M | ||
| Q2 24 | $215.0M | $22.8M | ||
| Q1 24 | $209.8M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $429.7M | $1.5B | ||
| Q3 25 | $434.4M | $1.5B | ||
| Q2 25 | $448.8M | $1.5B | ||
| Q1 25 | $439.6M | $1.4B | ||
| Q4 24 | $440.0M | $1.4B | ||
| Q3 24 | $456.2M | $1.3B | ||
| Q2 24 | $457.6M | $1.3B | ||
| Q1 24 | $458.3M | $1.2B |
| Q4 25 | $1.1B | $5.1B | ||
| Q3 25 | $1.2B | $5.0B | ||
| Q2 25 | $1.1B | $4.8B | ||
| Q1 25 | $1.2B | $4.7B | ||
| Q4 24 | $984.1M | $4.7B | ||
| Q3 24 | $1.0B | $4.6B | ||
| Q2 24 | $1.0B | $4.4B | ||
| Q1 24 | $1.0B | $4.4B |
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | $63.5M |
| Free Cash FlowOCF − Capex | $-14.7M | — |
| FCF MarginFCF / Revenue | -8.0% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | $63.5M | ||
| Q3 25 | $10.3M | $77.3M | ||
| Q2 25 | $13.7M | $60.8M | ||
| Q1 25 | $66.6M | $43.2M | ||
| Q4 24 | $-3.2M | $41.5M | ||
| Q3 24 | $21.1M | $53.5M | ||
| Q2 24 | $4.5M | $49.3M | ||
| Q1 24 | $43.0M | $51.2M |
| Q4 25 | $-14.7M | — | ||
| Q3 25 | $7.7M | — | ||
| Q2 25 | $10.9M | — | ||
| Q1 25 | $65.3M | — | ||
| Q4 24 | $-3.9M | — | ||
| Q3 24 | $20.2M | — | ||
| Q2 24 | $2.7M | — | ||
| Q1 24 | $41.9M | — |
| Q4 25 | -8.0% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 35.7% | — | ||
| Q4 24 | -2.5% | — | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 28.8% | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | — | 3.92× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 2.38× | ||
| Q1 24 | — | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
