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Side-by-side financial comparison of Claritev Corp (CTEV) and H2O AMERICA (HTO). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $199.4M, roughly 1.2× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs -32.7%, a 40.8% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 2.5%).
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.
CTEV vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $199.4M |
| Net Profit | $-80.6M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | -3.1% | 16.6% |
| Net Margin | -32.7% | 8.1% |
| Revenue YoY | 6.2% | 1.5% |
| Net Profit YoY | 41.6% | -29.2% |
| EPS (diluted) | $-4.88 | $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 | $246.6M | $199.4M | ||
| Q3 25 | $246.0M | $243.5M | ||
| Q2 25 | $241.6M | $197.8M | ||
| Q1 25 | $231.3M | $164.9M | ||
| Q4 24 | $232.1M | $196.5M | ||
| Q3 24 | $230.5M | $216.7M | ||
| Q2 24 | $233.5M | $173.1M | ||
| Q1 24 | $234.5M | $150.0M |
| Q4 25 | $-80.6M | $16.2M | ||
| Q3 25 | $-69.8M | $45.1M | ||
| Q2 25 | $-62.6M | $24.7M | ||
| Q1 25 | $-71.3M | $16.6M | ||
| Q4 24 | $-138.0M | $22.9M | ||
| Q3 24 | $-391.4M | $38.7M | ||
| Q2 24 | $-576.7M | $20.7M | ||
| Q1 24 | $-539.7M | $11.7M |
| Q4 25 | -3.1% | 16.6% | ||
| Q3 25 | 4.1% | 26.5% | ||
| Q2 25 | 6.9% | 22.2% | ||
| Q1 25 | 4.2% | 21.8% | ||
| Q4 24 | -17.8% | 22.2% | ||
| Q3 24 | -146.7% | 26.9% | ||
| Q2 24 | -224.4% | 23.4% | ||
| Q1 24 | -207.4% | 18.6% |
| Q4 25 | -32.7% | 8.1% | ||
| Q3 25 | -28.4% | 18.5% | ||
| Q2 25 | -25.9% | 12.5% | ||
| Q1 25 | -30.8% | 10.0% | ||
| Q4 24 | -59.4% | 11.7% | ||
| Q3 24 | -169.8% | 17.8% | ||
| Q2 24 | -247.0% | 12.0% | ||
| Q1 24 | -230.1% | 7.8% |
| Q4 25 | $-4.88 | $0.45 | ||
| Q3 25 | $-4.23 | $1.27 | ||
| Q2 25 | $-3.81 | $0.71 | ||
| Q1 25 | $-4.38 | $0.49 | ||
| Q4 24 | $-8.49 | $0.70 | ||
| Q3 24 | $-24.25 | $1.17 | ||
| Q2 24 | $-35.78 | $0.64 | ||
| Q1 24 | $-33.40 | $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 | $16.8M | $20.7M |
| Total DebtLower is stronger | $4.6B | $1.9B |
| Stockholders' EquityBook value | $-173.9M | $1.5B |
| Total Assets | $4.9B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.8M | $20.7M | ||
| Q3 25 | $39.2M | $11.3M | ||
| Q2 25 | $56.4M | $19.8M | ||
| Q1 25 | $23.1M | $23.7M | ||
| Q4 24 | $16.8M | $11.1M | ||
| Q3 24 | $86.6M | $4.0M | ||
| Q2 24 | $48.8M | $22.8M | ||
| Q1 24 | $58.7M | $4.5M |
| Q4 25 | $4.6B | $1.9B | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $-173.9M | $1.5B | ||
| Q3 25 | $-101.8M | $1.5B | ||
| Q2 25 | $-39.9M | $1.5B | ||
| Q1 25 | $14.8M | $1.4B | ||
| Q4 24 | $84.0M | $1.4B | ||
| Q3 24 | $207.6M | $1.3B | ||
| Q2 24 | $603.4M | $1.3B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | $4.9B | $5.1B | ||
| Q3 25 | $5.0B | $5.0B | ||
| Q2 25 | $5.1B | $4.8B | ||
| Q1 25 | $5.1B | $4.7B | ||
| Q4 24 | $5.2B | $4.7B | ||
| Q3 24 | $5.3B | $4.6B | ||
| Q2 24 | $5.7B | $4.4B | ||
| Q1 24 | $6.4B | $4.4B |
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | 1.26× | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — | ||
| Q1 24 | 3.85× | — |
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 | $66.3M | $63.5M |
| Free Cash FlowOCF − Capex | $36.4M | — |
| FCF MarginFCF / Revenue | 14.8% | — |
| Capex IntensityCapex / Revenue | 12.1% | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.3M | $63.5M | ||
| Q3 25 | $19.9M | $77.3M | ||
| Q2 25 | $61.2M | $60.8M | ||
| Q1 25 | $-30.1M | $43.2M | ||
| Q4 24 | $-33.4M | $41.5M | ||
| Q3 24 | $72.8M | $53.5M | ||
| Q2 24 | $18.5M | $49.3M | ||
| Q1 24 | $49.7M | $51.2M |
| Q4 25 | $36.4M | — | ||
| Q3 25 | $-16.3M | — | ||
| Q2 25 | $36.6M | — | ||
| Q1 25 | $-68.9M | — | ||
| Q4 24 | $-63.8M | — | ||
| Q3 24 | $41.1M | — | ||
| Q2 24 | $-7.0M | — | ||
| Q1 24 | $19.2M | — |
| Q4 25 | 14.8% | — | ||
| Q3 25 | -6.6% | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | -29.8% | — | ||
| Q4 24 | -27.5% | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | -3.0% | — | ||
| Q1 24 | 8.2% | — |
| Q4 25 | 12.1% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 16.8% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 10.9% | — | ||
| Q1 24 | 13.0% | — |
| 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
CTEV
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
