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Side-by-side financial comparison of FIRST BUSEY CORP (BUSE) 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 $196.2M, roughly 1.0× FIRST BUSEY CORP). FIRST BUSEY CORP runs the higher net margin — 25.5% vs 8.1%, a 17.3% gap on every dollar of revenue. Over the past eight quarters, FIRST BUSEY CORP's revenue compounded faster (29.9% CAGR vs 15.3%).
First Busey Bank is a financial institution headquartered in Champaign, Illinois that operates in Illinois, Indiana, and southwest Florida. It is owned by First Busey Holding, a financial holding company.
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.
BUSE vs HTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $196.2M | $199.4M |
| Net Profit | $50.0M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | — | 16.6% |
| Net Margin | 25.5% | 8.1% |
| Revenue YoY | — | 1.5% |
| Net Profit YoY | 266.7% | -29.2% |
| EPS (diluted) | $1.00 | $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.
| Q1 26 | $196.2M | — | ||
| Q4 25 | $200.2M | $199.4M | ||
| Q3 25 | $196.3M | $243.5M | ||
| Q2 25 | $198.0M | $197.8M | ||
| Q1 25 | $125.0M | $164.9M | ||
| Q4 24 | $116.8M | $196.5M | ||
| Q3 24 | $118.5M | $216.7M | ||
| Q2 24 | $116.2M | $173.1M |
| Q1 26 | $50.0M | — | ||
| Q4 25 | — | $16.2M | ||
| Q3 25 | $57.1M | $45.1M | ||
| Q2 25 | $47.4M | $24.7M | ||
| Q1 25 | $-30.0M | $16.6M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | $32.0M | $38.7M | ||
| Q2 24 | $27.4M | $20.7M |
| Q1 26 | — | — | ||
| Q4 25 | 38.7% | 16.6% | ||
| Q3 25 | 39.4% | 26.5% | ||
| Q2 25 | 32.6% | 22.2% | ||
| Q1 25 | -26.1% | 21.8% | ||
| Q4 24 | 32.0% | 22.2% | ||
| Q3 24 | 35.9% | 26.9% | ||
| Q2 24 | 33.1% | 23.4% |
| Q1 26 | 25.5% | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | 29.1% | 18.5% | ||
| Q2 25 | 23.9% | 12.5% | ||
| Q1 25 | -24.0% | 10.0% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 27.0% | 17.8% | ||
| Q2 24 | 23.5% | 12.0% |
| Q1 26 | $1.00 | — | ||
| Q4 25 | $0.81 | $0.45 | ||
| Q3 25 | $0.58 | $1.27 | ||
| Q2 25 | $0.52 | $0.71 | ||
| Q1 25 | $-0.44 | $0.49 | ||
| Q4 24 | $0.50 | $0.70 | ||
| Q3 24 | $0.55 | $1.17 | ||
| Q2 24 | $0.47 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $288.5M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $2.5B | $1.5B |
| Total Assets | $18.1B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $288.5M | — | ||
| Q4 25 | $294.1M | $20.7M | ||
| Q3 25 | $385.5M | $11.3M | ||
| Q2 25 | $752.4M | $19.8M | ||
| Q1 25 | $1.2B | $23.7M | ||
| Q4 24 | $697.7M | $11.1M | ||
| Q3 24 | $553.7M | $4.0M | ||
| Q2 24 | $285.3M | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | $113.8M | $1.9B | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.4B | $1.5B | ||
| Q2 25 | $2.4B | $1.5B | ||
| Q1 25 | $2.2B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B |
| Q1 26 | $18.1B | — | ||
| Q4 25 | $18.1B | $5.1B | ||
| Q3 25 | $18.2B | $5.0B | ||
| Q2 25 | $18.9B | $4.8B | ||
| Q1 25 | $19.5B | $4.7B | ||
| Q4 24 | $12.0B | $4.7B | ||
| Q3 24 | $12.0B | $4.6B | ||
| Q2 24 | $12.0B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.05× | 1.23× | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $63.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.6M | $63.5M | ||
| Q3 25 | $62.5M | $77.3M | ||
| Q2 25 | $49.5M | $60.8M | ||
| Q1 25 | $8.4M | $43.2M | ||
| Q4 24 | $178.3M | $41.5M | ||
| Q3 24 | $60.1M | $53.5M | ||
| Q2 24 | $28.5M | $49.3M |
| Q1 26 | — | — | ||
| Q4 25 | $173.0M | — | ||
| Q3 25 | $54.5M | — | ||
| Q2 25 | $46.1M | — | ||
| Q1 25 | $6.6M | — | ||
| Q4 24 | $171.8M | — | ||
| Q3 24 | $59.1M | — | ||
| Q2 24 | $26.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | 86.4% | — | ||
| Q3 25 | 27.7% | — | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 5.3% | — | ||
| Q4 24 | 147.1% | — | ||
| Q3 24 | 49.9% | — | ||
| Q2 24 | 22.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 1.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.92× | ||
| Q3 25 | 1.09× | 1.71× | ||
| Q2 25 | 1.04× | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 1.88× | 1.39× | ||
| Q2 24 | 1.04× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BUSE
| Net Interest Income | $154.0M | 78% |
| Noninterest Income | $42.3M | 22% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
