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Side-by-side financial comparison of Employers Holdings, Inc. (EIG) 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 $170.5M, roughly 1.2× Employers Holdings, Inc.). On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -21.3%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -11.4%).
Employers Holdings, Inc. is a U.S.-headquartered insurance holding company that specializes in offering workers' compensation insurance and customized risk management services primarily for small and medium-sized enterprises across the United States. It mainly serves clients in low-to-medium hazard industries, helping them mitigate workplace safety risks and meet relevant regulatory requirements for employee protection.
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.
EIG vs HTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $170.5M | $199.4M |
| Net Profit | — | $16.2M |
| Gross Margin | — | — |
| Operating Margin | — | 16.6% |
| Net Margin | — | 8.1% |
| Revenue YoY | -21.3% | 1.5% |
| Net Profit YoY | — | -29.2% |
| EPS (diluted) | — | $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 | $170.5M | — | ||
| Q4 25 | $188.5M | $199.4M | ||
| Q3 25 | $239.3M | $243.5M | ||
| Q2 25 | $246.3M | $197.8M | ||
| Q1 25 | $202.6M | $164.9M | ||
| Q4 24 | $216.6M | $196.5M | ||
| Q3 24 | $224.0M | $216.7M | ||
| Q2 24 | $217.0M | $173.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $16.2M | ||
| Q3 25 | $-8.3M | $45.1M | ||
| Q2 25 | $29.7M | $24.7M | ||
| Q1 25 | $12.8M | $16.6M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | $30.3M | $38.7M | ||
| Q2 24 | $31.7M | $20.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.6% | ||
| Q3 25 | -4.7% | 26.5% | ||
| Q2 25 | 15.0% | 22.2% | ||
| Q1 25 | 7.8% | 21.8% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | 16.4% | 26.9% | ||
| Q2 24 | 18.4% | 23.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | -3.5% | 18.5% | ||
| Q2 25 | 12.1% | 12.5% | ||
| Q1 25 | 6.3% | 10.0% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 13.5% | 17.8% | ||
| Q2 24 | 14.6% | 12.0% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $0.45 | ||
| Q3 25 | $-0.36 | $1.27 | ||
| Q2 25 | $1.23 | $0.71 | ||
| Q1 25 | $0.52 | $0.49 | ||
| Q4 24 | $1.14 | $0.70 | ||
| Q3 24 | $1.21 | $1.17 | ||
| Q2 24 | $1.25 | $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 | $169.9M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $955.7M | $1.5B |
| Total Assets | $3.4B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $169.9M | — | ||
| Q4 25 | $169.9M | $20.7M | ||
| Q3 25 | $172.4M | $11.3M | ||
| Q2 25 | $78.1M | $19.8M | ||
| Q1 25 | $100.4M | $23.7M | ||
| Q4 24 | $68.4M | $11.1M | ||
| Q3 24 | $173.9M | $4.0M | ||
| Q2 24 | $126.4M | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | $19.0M | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $955.7M | — | ||
| Q4 25 | $955.7M | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.0B | $1.3B |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $5.1B | ||
| Q3 25 | $3.5B | $5.0B | ||
| Q2 25 | $3.5B | $4.8B | ||
| Q1 25 | $3.6B | $4.7B | ||
| Q4 24 | $3.5B | $4.7B | ||
| Q3 24 | $3.6B | $4.6B | ||
| Q2 24 | $3.5B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | 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 | $44.7M | $63.5M | ||
| Q3 25 | $29.4M | $77.3M | ||
| Q2 25 | $0 | $60.8M | ||
| Q1 25 | $14.6M | $43.2M | ||
| Q4 24 | $76.4M | $41.5M | ||
| Q3 24 | $51.0M | $53.5M | ||
| Q2 24 | $11.7M | $49.3M |
| Q1 26 | — | — | ||
| Q4 25 | $44.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $76.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 35.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.92× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | 0.00× | 2.47× | ||
| Q1 25 | 1.14× | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 1.68× | 1.39× | ||
| Q2 24 | 0.37× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EIG
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
