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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) 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 $197.0M, roughly 1.0× CRA INTERNATIONAL, INC.). H2O AMERICA runs the higher net margin — 8.1% vs 6.7%, a 1.4% gap on every dollar of revenue. On growth, CRA INTERNATIONAL, INC. posted the faster year-over-year revenue change (11.6% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 7.1%).

CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.

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.

CRAI vs HTO — Head-to-Head

Bigger by revenue
HTO
HTO
1.0× larger
HTO
$199.4M
$197.0M
CRAI
Growing faster (revenue YoY)
CRAI
CRAI
+10.2% gap
CRAI
11.6%
1.5%
HTO
Higher net margin
HTO
HTO
1.4% more per $
HTO
8.1%
6.7%
CRAI
Faster 2-yr revenue CAGR
HTO
HTO
Annualised
HTO
15.3%
7.1%
CRAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CRAI
CRAI
HTO
HTO
Revenue
$197.0M
$199.4M
Net Profit
$13.2M
$16.2M
Gross Margin
Operating Margin
10.5%
16.6%
Net Margin
6.7%
8.1%
Revenue YoY
11.6%
1.5%
Net Profit YoY
-12.0%
-29.2%
EPS (diluted)
$1.99
$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.

Revenue
CRAI
CRAI
HTO
HTO
Q4 25
$197.0M
$199.4M
Q3 25
$185.9M
$243.5M
Q2 25
$186.9M
$197.8M
Q1 25
$181.9M
$164.9M
Q4 24
$176.4M
$196.5M
Q3 24
$167.7M
$216.7M
Q2 24
$171.4M
$173.1M
Q1 24
$171.8M
$150.0M
Net Profit
CRAI
CRAI
HTO
HTO
Q4 25
$13.2M
$16.2M
Q3 25
$11.5M
$45.1M
Q2 25
$12.1M
$24.7M
Q1 25
$18.0M
$16.6M
Q4 24
$15.0M
$22.9M
Q3 24
$11.4M
$38.7M
Q2 24
$6.5M
$20.7M
Q1 24
$13.7M
$11.7M
Operating Margin
CRAI
CRAI
HTO
HTO
Q4 25
10.5%
16.6%
Q3 25
9.3%
26.5%
Q2 25
10.6%
22.2%
Q1 25
14.0%
21.8%
Q4 24
12.2%
22.2%
Q3 24
11.0%
26.9%
Q2 24
6.6%
23.4%
Q1 24
11.4%
18.6%
Net Margin
CRAI
CRAI
HTO
HTO
Q4 25
6.7%
8.1%
Q3 25
6.2%
18.5%
Q2 25
6.5%
12.5%
Q1 25
9.9%
10.0%
Q4 24
8.5%
11.7%
Q3 24
6.8%
17.8%
Q2 24
3.8%
12.0%
Q1 24
8.0%
7.8%
EPS (diluted)
CRAI
CRAI
HTO
HTO
Q4 25
$1.99
$0.45
Q3 25
$1.27
Q2 25
$0.71
Q1 25
$0.49
Q4 24
$0.70
Q3 24
$1.17
Q2 24
$0.64
Q1 24
$0.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CRAI
CRAI
HTO
HTO
Cash + ST InvestmentsLiquidity on hand
$18.2M
$20.7M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$213.6M
$1.5B
Total Assets
$628.9M
$5.1B
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRAI
CRAI
HTO
HTO
Q4 25
$18.2M
$20.7M
Q3 25
$22.5M
$11.3M
Q2 25
$19.4M
$19.8M
Q1 25
$25.6M
$23.7M
Q4 24
$26.7M
$11.1M
Q3 24
$24.5M
$4.0M
Q2 24
$24.6M
$22.8M
Q1 24
$37.1M
$4.5M
Total Debt
CRAI
CRAI
HTO
HTO
Q4 25
$1.9B
Q3 25
Q2 25
Q1 25
Q4 24
$1.7B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CRAI
CRAI
HTO
HTO
Q4 25
$213.6M
$1.5B
Q3 25
$201.7M
$1.5B
Q2 25
$197.0M
$1.5B
Q1 25
$227.3M
$1.4B
Q4 24
$212.1M
$1.4B
Q3 24
$204.5M
$1.3B
Q2 24
$191.7M
$1.3B
Q1 24
$211.8M
$1.2B
Total Assets
CRAI
CRAI
HTO
HTO
Q4 25
$628.9M
$5.1B
Q3 25
$629.0M
$5.0B
Q2 25
$606.8M
$4.8B
Q1 25
$590.4M
$4.7B
Q4 24
$571.4M
$4.7B
Q3 24
$582.3M
$4.6B
Q2 24
$546.0M
$4.4B
Q1 24
$552.5M
$4.4B
Debt / Equity
CRAI
CRAI
HTO
HTO
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
CRAI
CRAI
HTO
HTO
Operating Cash FlowLast quarter
$22.4M
$63.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.70×
3.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRAI
CRAI
HTO
HTO
Q4 25
$22.4M
$63.5M
Q3 25
$36.5M
$77.3M
Q2 25
$5.9M
$60.8M
Q1 25
$-80.0M
$43.2M
Q4 24
$79.4M
$41.5M
Q3 24
$31.6M
$53.5M
Q2 24
$1.8M
$49.3M
Q1 24
$-63.1M
$51.2M
Free Cash Flow
CRAI
CRAI
HTO
HTO
Q4 25
Q3 25
$35.9M
Q2 25
$4.7M
Q1 25
$-81.0M
Q4 24
$68.8M
Q3 24
$28.6M
Q2 24
$-509.0K
Q1 24
$-63.8M
FCF Margin
CRAI
CRAI
HTO
HTO
Q4 25
Q3 25
19.3%
Q2 25
2.5%
Q1 25
-44.5%
Q4 24
39.0%
Q3 24
17.0%
Q2 24
-0.3%
Q1 24
-37.1%
Capex Intensity
CRAI
CRAI
HTO
HTO
Q4 25
Q3 25
0.3%
Q2 25
0.6%
Q1 25
0.5%
Q4 24
6.0%
Q3 24
1.8%
Q2 24
1.4%
Q1 24
0.4%
Cash Conversion
CRAI
CRAI
HTO
HTO
Q4 25
1.70×
3.92×
Q3 25
3.19×
1.71×
Q2 25
0.48×
2.47×
Q1 25
-4.44×
2.61×
Q4 24
5.30×
1.81×
Q3 24
2.76×
1.39×
Q2 24
0.28×
2.38×
Q1 24
-4.61×
4.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CRAI
CRAI

Segment breakdown not available.

HTO
HTO

Water Utility Services$191.0M96%
Other$8.4M4%

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