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Side-by-side financial comparison of COHEN & STEERS, INC. (CNS) 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 $143.8M, roughly 1.4× COHEN & STEERS, INC.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs 8.1%, a 16.1% gap on every dollar of revenue. On growth, COHEN & STEERS, INC. posted the faster year-over-year revenue change (2.9% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 8.3%).
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
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.
CNS vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.8M | $199.4M |
| Net Profit | $34.9M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 28.0% | 16.6% |
| Net Margin | 24.3% | 8.1% |
| Revenue YoY | 2.9% | 1.5% |
| Net Profit YoY | -23.9% | -29.2% |
| EPS (diluted) | $0.67 | $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 | $143.8M | $199.4M | ||
| Q3 25 | $141.7M | $243.5M | ||
| Q2 25 | $136.1M | $197.8M | ||
| Q1 25 | $134.5M | $164.9M | ||
| Q4 24 | $139.8M | $196.5M | ||
| Q3 24 | $133.2M | $216.7M | ||
| Q2 24 | $121.7M | $173.1M | ||
| Q1 24 | $122.7M | $150.0M |
| Q4 25 | $34.9M | $16.2M | ||
| Q3 25 | $41.7M | $45.1M | ||
| Q2 25 | $36.8M | $24.7M | ||
| Q1 25 | $39.8M | $16.6M | ||
| Q4 24 | $45.8M | $22.9M | ||
| Q3 24 | $39.7M | $38.7M | ||
| Q2 24 | $31.8M | $20.7M | ||
| Q1 24 | $34.0M | $11.7M |
| Q4 25 | 28.0% | 16.6% | ||
| Q3 25 | 34.5% | 26.5% | ||
| Q2 25 | 31.8% | 22.2% | ||
| Q1 25 | 33.6% | 21.8% | ||
| Q4 24 | 35.3% | 22.2% | ||
| Q3 24 | 33.7% | 26.9% | ||
| Q2 24 | 31.5% | 23.4% | ||
| Q1 24 | 32.8% | 18.6% |
| Q4 25 | 24.3% | 8.1% | ||
| Q3 25 | 29.4% | 18.5% | ||
| Q2 25 | 27.1% | 12.5% | ||
| Q1 25 | 29.6% | 10.0% | ||
| Q4 24 | 32.8% | 11.7% | ||
| Q3 24 | 29.8% | 17.8% | ||
| Q2 24 | 26.1% | 12.0% | ||
| Q1 24 | 27.7% | 7.8% |
| Q4 25 | $0.67 | $0.45 | ||
| Q3 25 | $0.81 | $1.27 | ||
| Q2 25 | $0.72 | $0.71 | ||
| Q1 25 | $0.77 | $0.49 | ||
| Q4 24 | $0.89 | $0.70 | ||
| Q3 24 | $0.77 | $1.17 | ||
| Q2 24 | $0.63 | $0.64 | ||
| Q1 24 | $0.68 | $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 | $145.5M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $562.0M | $1.5B |
| Total Assets | $876.7M | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $20.7M | ||
| Q3 25 | $98.1M | $11.3M | ||
| Q2 25 | $95.4M | $19.8M | ||
| Q1 25 | $65.2M | $23.7M | ||
| Q4 24 | $183.0M | $11.1M | ||
| Q3 24 | $106.5M | $4.0M | ||
| Q2 24 | $122.0M | $22.8M | ||
| Q1 24 | $99.5M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $562.0M | $1.5B | ||
| Q3 25 | $550.3M | $1.5B | ||
| Q2 25 | $528.5M | $1.5B | ||
| Q1 25 | $507.7M | $1.4B | ||
| Q4 24 | $511.7M | $1.4B | ||
| Q3 24 | $491.0M | $1.3B | ||
| Q2 24 | $463.2M | $1.3B | ||
| Q1 24 | $378.9M | $1.2B |
| Q4 25 | $876.7M | $5.1B | ||
| Q3 25 | $801.6M | $5.0B | ||
| Q2 25 | $751.0M | $4.8B | ||
| Q1 25 | $834.9M | $4.7B | ||
| Q4 24 | $812.4M | $4.7B | ||
| Q3 24 | $727.8M | $4.6B | ||
| Q2 24 | $784.1M | $4.4B | ||
| Q1 24 | $680.7M | $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 | $-120.4M | $63.5M |
| Free Cash FlowOCF − Capex | $-126.4M | — |
| FCF MarginFCF / Revenue | -87.9% | — |
| Capex IntensityCapex / Revenue | 4.2% | — |
| Cash ConversionOCF / Net Profit | -3.45× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-253.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-120.4M | $63.5M | ||
| Q3 25 | $55.1M | $77.3M | ||
| Q2 25 | $-67.6M | $60.8M | ||
| Q1 25 | $-108.9M | $43.2M | ||
| Q4 24 | $96.7M | $41.5M | ||
| Q3 24 | $25.6M | $53.5M | ||
| Q2 24 | $31.4M | $49.3M | ||
| Q1 24 | $4.9M | $51.2M |
| Q4 25 | $-126.4M | — | ||
| Q3 25 | $52.6M | — | ||
| Q2 25 | $-69.8M | — | ||
| Q1 25 | $-110.0M | — | ||
| Q4 24 | $85.0M | — | ||
| Q3 24 | $24.2M | — | ||
| Q2 24 | $27.1M | — | ||
| Q1 24 | $537.0K | — |
| Q4 25 | -87.9% | — | ||
| Q3 25 | 37.1% | — | ||
| Q2 25 | -51.3% | — | ||
| Q1 25 | -81.8% | — | ||
| Q4 24 | 60.8% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 22.3% | — | ||
| Q1 24 | 0.4% | — |
| Q4 25 | 4.2% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.5% | — |
| Q4 25 | -3.45× | 3.92× | ||
| Q3 25 | 1.32× | 1.71× | ||
| Q2 25 | -1.84× | 2.47× | ||
| Q1 25 | -2.74× | 2.61× | ||
| Q4 24 | 2.11× | 1.81× | ||
| Q3 24 | 0.65× | 1.39× | ||
| Q2 24 | 0.99× | 2.38× | ||
| Q1 24 | 0.14× | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNS
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
