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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and H2O AMERICA (HTO). Click either name above to swap in a different company.
FULTON FINANCIAL CORP is the larger business by last-quarter revenue ($336.2M vs $199.4M, roughly 1.7× H2O AMERICA). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 8.1%, a 20.1% gap on every dollar of revenue. On growth, FULTON FINANCIAL CORP posted the faster year-over-year revenue change (4.2% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 0.2%).
Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.
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.
FULT vs HTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.2M | $199.4M |
| Net Profit | $94.8M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | — | 16.6% |
| Net Margin | 28.2% | 8.1% |
| Revenue YoY | 4.2% | 1.5% |
| Net Profit YoY | 1.9% | -29.2% |
| EPS (diluted) | $0.55 | $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 | $336.2M | — | ||
| Q4 25 | $336.0M | $199.4M | ||
| Q3 25 | $334.6M | $243.5M | ||
| Q2 25 | $324.1M | $197.8M | ||
| Q1 25 | $318.4M | $164.9M | ||
| Q4 24 | $319.6M | $196.5M | ||
| Q3 24 | $317.7M | $216.7M | ||
| Q2 24 | $334.7M | $173.1M |
| Q1 26 | $94.8M | — | ||
| Q4 25 | $99.0M | $16.2M | ||
| Q3 25 | $100.5M | $45.1M | ||
| Q2 25 | $99.2M | $24.7M | ||
| Q1 25 | $93.0M | $16.6M | ||
| Q4 24 | $68.6M | $22.9M | ||
| Q3 24 | $63.2M | $38.7M | ||
| Q2 24 | $95.0M | $20.7M |
| Q1 26 | — | — | ||
| Q4 25 | 35.7% | 16.6% | ||
| Q3 25 | 38.2% | 26.5% | ||
| Q2 25 | 37.8% | 22.2% | ||
| Q1 25 | 36.1% | 21.8% | ||
| Q4 24 | 27.0% | 22.2% | ||
| Q3 24 | 25.1% | 26.9% | ||
| Q2 24 | 30.8% | 23.4% |
| Q1 26 | 28.2% | — | ||
| Q4 25 | 29.5% | 8.1% | ||
| Q3 25 | 30.0% | 18.5% | ||
| Q2 25 | 30.6% | 12.5% | ||
| Q1 25 | 29.2% | 10.0% | ||
| Q4 24 | 21.5% | 11.7% | ||
| Q3 24 | 19.9% | 17.8% | ||
| Q2 24 | 28.4% | 12.0% |
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.53 | $0.45 | ||
| Q3 25 | $0.53 | $1.27 | ||
| Q2 25 | $0.53 | $0.71 | ||
| Q1 25 | $0.49 | $0.49 | ||
| Q4 24 | $0.36 | $0.70 | ||
| Q3 24 | $0.33 | $1.17 | ||
| Q2 24 | $0.52 | $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 | — | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $3.5B | $1.5B |
| Total Assets | $32.2B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $20.7M | ||
| Q3 25 | — | $11.3M | ||
| Q2 25 | — | $19.8M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $11.1M | ||
| Q3 24 | — | $4.0M | ||
| Q2 24 | — | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $1.5B | ||
| Q3 25 | $3.4B | $1.5B | ||
| Q2 25 | $3.3B | $1.5B | ||
| Q1 25 | $3.3B | $1.4B | ||
| Q4 24 | $3.2B | $1.4B | ||
| Q3 24 | $3.2B | $1.3B | ||
| Q2 24 | $3.1B | $1.3B |
| Q1 26 | $32.2B | — | ||
| Q4 25 | $32.1B | $5.1B | ||
| Q3 25 | $32.0B | $5.0B | ||
| Q2 25 | $32.0B | $4.8B | ||
| Q1 25 | $32.1B | $4.7B | ||
| Q4 24 | $32.1B | $4.7B | ||
| Q3 24 | $32.2B | $4.6B | ||
| Q2 24 | $31.8B | $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 | $304.5M | $63.5M | ||
| Q3 25 | $116.1M | $77.3M | ||
| Q2 25 | $91.7M | $60.8M | ||
| Q1 25 | $703.0K | $43.2M | ||
| Q4 24 | $416.6M | $41.5M | ||
| Q3 24 | $-22.0M | $53.5M | ||
| Q2 24 | $157.8M | $49.3M |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 3.92× | ||
| Q3 25 | 1.16× | 1.71× | ||
| Q2 25 | 0.92× | 2.47× | ||
| Q1 25 | 0.01× | 2.61× | ||
| Q4 24 | 6.07× | 1.81× | ||
| Q3 24 | -0.35× | 1.39× | ||
| Q2 24 | 1.66× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FULT
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
