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Side-by-side financial comparison of Eastern Bankshares, Inc. (EBC) and H2O AMERICA (HTO). Click either name above to swap in a different company.
Eastern Bankshares, Inc. is the larger business by last-quarter revenue ($295.9M vs $199.4M, roughly 1.5× H2O AMERICA). Eastern Bankshares, Inc. runs the higher net margin — 22.1% vs 8.1%, a 13.9% gap on every dollar of revenue. On growth, Eastern Bankshares, Inc. posted the faster year-over-year revenue change (710.6% vs 1.5%). Over the past eight quarters, Eastern Bankshares, Inc.'s revenue compounded faster (38.6% CAGR vs 15.3%).
Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.
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.
EBC vs HTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $295.9M | $199.4M |
| Net Profit | $65.3M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | — | 16.6% |
| Net Margin | 22.1% | 8.1% |
| Revenue YoY | 710.6% | 1.5% |
| Net Profit YoY | -34.4% | -29.2% |
| EPS (diluted) | $0.29 | $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.
| Q1 26 | $295.9M | — | ||
| Q4 25 | $37.5M | $199.4M | ||
| Q3 25 | $241.5M | $243.5M | ||
| Q2 25 | $244.9M | $197.8M | ||
| Q1 25 | $31.1M | $164.9M | ||
| Q4 24 | $216.5M | $196.5M | ||
| Q3 24 | $203.4M | $216.7M | ||
| Q2 24 | $154.0M | $173.1M |
| Q1 26 | $65.3M | — | ||
| Q4 25 | $99.5M | $16.2M | ||
| Q3 25 | $106.1M | $45.1M | ||
| Q2 25 | $100.2M | $24.7M | ||
| Q1 25 | $-217.7M | $16.6M | ||
| Q4 24 | $60.8M | $22.9M | ||
| Q3 24 | $-6.2M | $38.7M | ||
| Q2 24 | $26.3M | $20.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.6% | ||
| Q3 25 | 38.9% | 26.5% | ||
| Q2 25 | 41.0% | 22.2% | ||
| Q1 25 | -590.9% | 21.8% | ||
| Q4 24 | 33.3% | 22.2% | ||
| Q3 24 | -1.6% | 26.9% | ||
| Q2 24 | 24.7% | 23.4% |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 265.6% | 8.1% | ||
| Q3 25 | 44.0% | 18.5% | ||
| Q2 25 | 40.9% | 12.5% | ||
| Q1 25 | -699.2% | 10.0% | ||
| Q4 24 | 28.1% | 11.7% | ||
| Q3 24 | -3.0% | 17.8% | ||
| Q2 24 | 17.1% | 12.0% |
| Q1 26 | $0.29 | — | ||
| Q4 25 | $0.48 | $0.45 | ||
| Q3 25 | $0.53 | $1.27 | ||
| Q2 25 | $0.50 | $0.71 | ||
| Q1 25 | $-1.08 | $0.49 | ||
| Q4 24 | $0.29 | $0.70 | ||
| Q3 24 | $-0.03 | $1.17 | ||
| Q2 24 | $0.16 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $551.7M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $4.3B | $1.5B |
| Total Assets | $30.6B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $551.7M | — | ||
| Q4 25 | $507.6M | $20.7M | ||
| Q3 25 | $703.4M | $11.3M | ||
| Q2 25 | $948.3M | $19.8M | ||
| Q1 25 | $609.0M | $23.7M | ||
| Q4 24 | $1.9B | $11.1M | ||
| Q3 24 | $1.7B | $4.0M | ||
| Q2 24 | $1.4B | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $1.5B | ||
| Q3 25 | $3.8B | $1.5B | ||
| Q2 25 | $3.7B | $1.5B | ||
| Q1 25 | $3.6B | $1.4B | ||
| Q4 24 | $3.6B | $1.4B | ||
| Q3 24 | $3.7B | $1.3B | ||
| Q2 24 | $3.0B | $1.3B |
| Q1 26 | $30.6B | — | ||
| Q4 25 | $30.6B | $5.1B | ||
| Q3 25 | $25.5B | $5.0B | ||
| Q2 25 | $25.5B | $4.8B | ||
| Q1 25 | $25.0B | $4.7B | ||
| Q4 24 | $25.6B | $4.7B | ||
| Q3 24 | $25.5B | $4.6B | ||
| Q2 24 | $21.0B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $63.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $432.4M | $63.5M | ||
| Q3 25 | $157.1M | $77.3M | ||
| Q2 25 | $123.9M | $60.8M | ||
| Q1 25 | $47.3M | $43.2M | ||
| Q4 24 | $283.8M | $41.5M | ||
| Q3 24 | $108.3M | $53.5M | ||
| Q2 24 | $54.3M | $49.3M |
| Q1 26 | — | — | ||
| Q4 25 | 4.35× | 3.92× | ||
| Q3 25 | 1.48× | 1.71× | ||
| Q2 25 | 1.24× | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | 4.67× | 1.81× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | 2.06× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EBC
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
