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Side-by-side financial comparison of Consolidated Water Co. Ltd. (CWCO) 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 $29.6M, roughly 6.7× Consolidated Water Co. Ltd.). Consolidated Water Co. Ltd. runs the higher net margin — 10.3% vs 8.1%, a 2.1% gap on every dollar of revenue. On growth, Consolidated Water Co. Ltd. posted the faster year-over-year revenue change (4.4% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -13.6%).
Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.
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.
CWCO vs HTO — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $29.6M | $199.4M |
| Net Profit | $3.0M | $16.2M |
| Gross Margin | 34.7% | — |
| Operating Margin | 9.1% | 16.6% |
| Net Margin | 10.3% | 8.1% |
| Revenue YoY | 4.4% | 1.5% |
| Net Profit YoY | 91.5% | -29.2% |
| EPS (diluted) | $0.18 | $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 | $29.6M | $199.4M | ||
| Q3 25 | $35.1M | $243.5M | ||
| Q2 25 | $33.6M | $197.8M | ||
| Q1 25 | $33.7M | $164.9M | ||
| Q4 24 | $28.4M | $196.5M | ||
| Q3 24 | $33.4M | $216.7M | ||
| Q2 24 | $32.5M | $173.1M | ||
| Q1 24 | $39.7M | $150.0M |
| Q4 25 | $3.0M | $16.2M | ||
| Q3 25 | $5.5M | $45.1M | ||
| Q2 25 | $5.1M | $24.7M | ||
| Q1 25 | $4.8M | $16.6M | ||
| Q4 24 | $1.6M | $22.9M | ||
| Q3 24 | $4.5M | $38.7M | ||
| Q2 24 | $15.9M | $20.7M | ||
| Q1 24 | $6.5M | $11.7M |
| Q4 25 | 34.7% | — | ||
| Q3 25 | 36.9% | — | ||
| Q2 25 | 38.2% | — | ||
| Q1 25 | 36.5% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 34.8% | — | ||
| Q2 24 | 35.8% | — | ||
| Q1 24 | 35.0% | — |
| Q4 25 | 9.1% | 16.6% | ||
| Q3 25 | 16.4% | 26.5% | ||
| Q2 25 | 15.7% | 22.2% | ||
| Q1 25 | 13.7% | 21.8% | ||
| Q4 24 | 3.8% | 22.2% | ||
| Q3 24 | 14.6% | 26.9% | ||
| Q2 24 | 15.4% | 23.4% | ||
| Q1 24 | 18.4% | 18.6% |
| Q4 25 | 10.3% | 8.1% | ||
| Q3 25 | 15.8% | 18.5% | ||
| Q2 25 | 15.2% | 12.5% | ||
| Q1 25 | 14.2% | 10.0% | ||
| Q4 24 | 5.6% | 11.7% | ||
| Q3 24 | 13.3% | 17.8% | ||
| Q2 24 | 48.8% | 12.0% | ||
| Q1 24 | 16.3% | 7.8% |
| Q4 25 | $0.18 | $0.45 | ||
| Q3 25 | $0.34 | $1.27 | ||
| Q2 25 | $0.32 | $0.71 | ||
| Q1 25 | $0.30 | $0.49 | ||
| Q4 24 | $0.10 | $0.70 | ||
| Q3 24 | $0.28 | $1.17 | ||
| Q2 24 | $0.99 | $0.64 | ||
| Q1 24 | $0.40 | $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 | $123.8M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $221.7M | $1.5B |
| Total Assets | $257.6M | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.8M | $20.7M | ||
| Q3 25 | $123.6M | $11.3M | ||
| Q2 25 | $112.2M | $19.8M | ||
| Q1 25 | $107.9M | $23.7M | ||
| Q4 24 | $99.4M | $11.1M | ||
| Q3 24 | $104.9M | $4.0M | ||
| Q2 24 | $96.7M | $22.8M | ||
| Q1 24 | $46.2M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $221.7M | $1.5B | ||
| Q3 25 | $220.4M | $1.5B | ||
| Q2 25 | $216.6M | $1.5B | ||
| Q1 25 | $213.3M | $1.4B | ||
| Q4 24 | $210.0M | $1.4B | ||
| Q3 24 | $209.8M | $1.3B | ||
| Q2 24 | $206.7M | $1.3B | ||
| Q1 24 | $192.1M | $1.2B |
| Q4 25 | $257.6M | $5.1B | ||
| Q3 25 | $257.2M | $5.0B | ||
| Q2 25 | $257.5M | $4.8B | ||
| Q1 25 | $250.4M | $4.7B | ||
| Q4 24 | $243.3M | $4.7B | ||
| Q3 24 | $238.4M | $4.6B | ||
| Q2 24 | $235.2M | $4.4B | ||
| Q1 24 | $223.2M | $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 | $5.8M | $63.5M |
| Free Cash FlowOCF − Capex | $3.4M | — |
| FCF MarginFCF / Revenue | 11.4% | — |
| Capex IntensityCapex / Revenue | 8.1% | — |
| Cash ConversionOCF / Net Profit | 1.90× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $33.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $63.5M | ||
| Q3 25 | $15.4M | $77.3M | ||
| Q2 25 | $8.8M | $60.8M | ||
| Q1 25 | $11.8M | $43.2M | ||
| Q4 24 | $-742.0K | $41.5M | ||
| Q3 24 | $10.4M | $53.5M | ||
| Q2 24 | $21.0M | $49.3M | ||
| Q1 24 | $6.0M | $51.2M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $13.5M | — | ||
| Q2 25 | $6.1M | — | ||
| Q1 25 | $10.2M | — | ||
| Q4 24 | $-3.7M | — | ||
| Q3 24 | $8.3M | — | ||
| Q2 24 | $19.8M | — | ||
| Q1 24 | $5.4M | — |
| Q4 25 | 11.4% | — | ||
| Q3 25 | 38.4% | — | ||
| Q2 25 | 18.3% | — | ||
| Q1 25 | 30.1% | — | ||
| Q4 24 | -13.0% | — | ||
| Q3 24 | 24.9% | — | ||
| Q2 24 | 60.8% | — | ||
| Q1 24 | 13.7% | — |
| Q4 25 | 8.1% | — | ||
| Q3 25 | 5.5% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | 1.90× | 3.92× | ||
| Q3 25 | 2.79× | 1.71× | ||
| Q2 25 | 1.72× | 2.47× | ||
| Q1 25 | 2.45× | 2.61× | ||
| Q4 24 | -0.47× | 1.81× | ||
| Q3 24 | 2.32× | 1.39× | ||
| Q2 24 | 1.32× | 2.38× | ||
| Q1 24 | 0.92× | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWCO
| Services Revenues | $10.5M | 35% |
| Transferred At Point In Time | $8.5M | 29% |
| Operations And Maintenance | $8.4M | 28% |
| Transferred Over Time | $1.9M | 7% |
HTO
Segment breakdown not available.
