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Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) 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 $134.9M, roughly 1.5× CareTrust REIT, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 8.1%, a 74.4% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 1.5%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs 15.3%).
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
CTRE vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.9M | $199.4M |
| Net Profit | $111.3M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | — | 16.6% |
| Net Margin | 82.5% | 8.1% |
| Revenue YoY | 55.1% | 1.5% |
| Net Profit YoY | 113.5% | -29.2% |
| EPS (diluted) | $0.52 | $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 | $134.9M | $199.4M | ||
| Q3 25 | $132.4M | $243.5M | ||
| Q2 25 | $112.5M | $197.8M | ||
| Q1 25 | $96.6M | $164.9M | ||
| Q4 24 | $86.9M | $196.5M | ||
| Q3 24 | $77.4M | $216.7M | ||
| Q2 24 | $68.9M | $173.1M | ||
| Q1 24 | $63.1M | $150.0M |
| Q4 25 | $111.3M | $16.2M | ||
| Q3 25 | $74.9M | $45.1M | ||
| Q2 25 | $68.5M | $24.7M | ||
| Q1 25 | $65.8M | $16.6M | ||
| Q4 24 | $52.1M | $22.9M | ||
| Q3 24 | $33.4M | $38.7M | ||
| Q2 24 | $10.8M | $20.7M | ||
| Q1 24 | $28.7M | $11.7M |
| Q4 25 | — | 16.6% | ||
| Q3 25 | 58.1% | 26.5% | ||
| Q2 25 | 61.3% | 22.2% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | 43.0% | 26.9% | ||
| Q2 24 | 15.1% | 23.4% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 82.5% | 8.1% | ||
| Q3 25 | 56.6% | 18.5% | ||
| Q2 25 | 60.9% | 12.5% | ||
| Q1 25 | 68.1% | 10.0% | ||
| Q4 24 | 60.0% | 11.7% | ||
| Q3 24 | 43.2% | 17.8% | ||
| Q2 24 | 15.6% | 12.0% | ||
| Q1 24 | 45.6% | 7.8% |
| Q4 25 | $0.52 | $0.45 | ||
| Q3 25 | $0.35 | $1.27 | ||
| Q2 25 | $0.35 | $0.71 | ||
| Q1 25 | $0.35 | $0.49 | ||
| Q4 24 | $0.30 | $0.70 | ||
| Q3 24 | $0.21 | $1.17 | ||
| Q2 24 | $0.07 | $0.64 | ||
| Q1 24 | $0.22 | $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 | $198.0M | $20.7M |
| Total DebtLower is stronger | $894.2M | $1.9B |
| Stockholders' EquityBook value | $4.0B | $1.5B |
| Total Assets | $5.1B | $5.1B |
| Debt / EquityLower = less leverage | 0.22× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $198.0M | $20.7M | ||
| Q3 25 | $712.5M | $11.3M | ||
| Q2 25 | $306.1M | $19.8M | ||
| Q1 25 | $26.5M | $23.7M | ||
| Q4 24 | $213.8M | $11.1M | ||
| Q3 24 | $377.1M | $4.0M | ||
| Q2 24 | $495.1M | $22.8M | ||
| Q1 24 | $451.2M | $4.5M |
| Q4 25 | $894.2M | $1.9B | ||
| Q3 25 | $893.8M | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $822.1M | — | ||
| Q4 24 | $396.9M | $1.7B | ||
| Q3 24 | $396.7M | — | ||
| Q2 24 | $671.1M | — | ||
| Q1 24 | $595.9M | — |
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $4.0B | $1.5B | ||
| Q2 25 | $3.3B | $1.5B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.7B | $1.2B |
| Q4 25 | $5.1B | $5.1B | ||
| Q3 25 | $5.1B | $5.0B | ||
| Q2 25 | $4.7B | $4.8B | ||
| Q1 25 | $3.9B | $4.7B | ||
| Q4 24 | $3.4B | $4.7B | ||
| Q3 24 | $2.9B | $4.6B | ||
| Q2 24 | $2.7B | $4.4B | ||
| Q1 24 | $2.3B | $4.4B |
| Q4 25 | 0.22× | 1.23× | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 0.14× | 1.26× | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.36× | — |
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 | $394.0M | $63.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.54× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $394.0M | $63.5M | ||
| Q3 25 | $100.9M | $77.3M | ||
| Q2 25 | $100.8M | $60.8M | ||
| Q1 25 | $71.4M | $43.2M | ||
| Q4 24 | $244.3M | $41.5M | ||
| Q3 24 | $67.2M | $53.5M | ||
| Q2 24 | $53.0M | $49.3M | ||
| Q1 24 | $48.8M | $51.2M |
| Q4 25 | 3.54× | 3.92× | ||
| Q3 25 | 1.35× | 1.71× | ||
| Q2 25 | 1.47× | 2.47× | ||
| Q1 25 | 1.08× | 2.61× | ||
| Q4 24 | 4.68× | 1.81× | ||
| Q3 24 | 2.01× | 1.39× | ||
| Q2 24 | 4.92× | 2.38× | ||
| Q1 24 | 1.70× | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRE
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
