vs
Side-by-side financial comparison of H2O AMERICA (HTO) and Janus International Group, Inc. (JBI). Click either name above to swap in a different company.
Janus International Group, Inc. is the larger business by last-quarter revenue ($219.3M vs $199.4M, roughly 1.1× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 6.9%, a 1.2% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -4.7%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -8.8%).
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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
HTO vs JBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $219.3M |
| Net Profit | $16.2M | $15.2M |
| Gross Margin | — | 39.1% |
| Operating Margin | 16.6% | 13.4% |
| Net Margin | 8.1% | 6.9% |
| Revenue YoY | 1.5% | -4.7% |
| Net Profit YoY | -29.2% | 28.8% |
| EPS (diluted) | $0.45 | $0.11 |
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 | $199.4M | — | ||
| Q3 25 | $243.5M | $219.3M | ||
| Q2 25 | $197.8M | $228.1M | ||
| Q1 25 | $164.9M | $210.5M | ||
| Q4 24 | $196.5M | $230.8M | ||
| Q3 24 | $216.7M | $230.1M | ||
| Q2 24 | $173.1M | $248.4M | ||
| Q1 24 | $150.0M | $254.5M |
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $15.2M | ||
| Q2 25 | $24.7M | $20.7M | ||
| Q1 25 | $16.6M | $10.8M | ||
| Q4 24 | $22.9M | $300.0K | ||
| Q3 24 | $38.7M | $11.8M | ||
| Q2 24 | $20.7M | $27.6M | ||
| Q1 24 | $11.7M | $30.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 39.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 43.4% |
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | 13.4% | ||
| Q2 25 | 22.2% | 15.8% | ||
| Q1 25 | 21.8% | 12.0% | ||
| Q4 24 | 22.2% | 5.5% | ||
| Q3 24 | 26.9% | 11.6% | ||
| Q2 24 | 23.4% | 20.8% | ||
| Q1 24 | 18.6% | 21.8% |
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | 6.9% | ||
| Q2 25 | 12.5% | 9.1% | ||
| Q1 25 | 10.0% | 5.1% | ||
| Q4 24 | 11.7% | 0.1% | ||
| Q3 24 | 17.8% | 5.1% | ||
| Q2 24 | 12.0% | 11.1% | ||
| Q1 24 | 7.8% | 12.1% |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | $0.11 | ||
| Q2 25 | $0.71 | $0.15 | ||
| Q1 25 | $0.49 | $0.08 | ||
| Q4 24 | $0.70 | $0.01 | ||
| Q3 24 | $1.17 | $0.08 | ||
| Q2 24 | $0.64 | $0.19 | ||
| Q1 24 | $0.36 | $0.21 |
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 | $1.5B | $560.8M |
| Total Assets | $5.1B | $1.3B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | — | ||
| Q2 25 | $19.8M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $11.1M | — | ||
| Q3 24 | $4.0M | $102.1M | ||
| Q2 24 | $22.8M | $110.1M | ||
| Q1 24 | $4.5M | — |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $560.8M | ||
| Q2 25 | $1.5B | $543.8M | ||
| Q1 25 | $1.4B | $526.8M | ||
| Q4 24 | $1.4B | $518.8M | ||
| Q3 24 | $1.3B | $526.6M | ||
| Q2 24 | $1.3B | $556.3M | ||
| Q1 24 | $1.2B | $535.4M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $1.3B | ||
| Q2 25 | $4.8B | $1.3B | ||
| Q1 25 | $4.7B | $1.3B | ||
| Q4 24 | $4.7B | $1.3B | ||
| Q3 24 | $4.6B | $1.3B | ||
| Q2 24 | $4.4B | $1.3B | ||
| Q1 24 | $4.4B | $1.4B |
| 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 | $63.5M | $15.0M |
| Free Cash FlowOCF − Capex | — | $8.3M |
| FCF MarginFCF / Revenue | — | 3.8% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | 3.92× | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $140.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | $15.0M | ||
| Q2 25 | $60.8M | $51.4M | ||
| Q1 25 | $43.2M | $48.3M | ||
| Q4 24 | $41.5M | $51.4M | ||
| Q3 24 | $53.5M | $43.0M | ||
| Q2 24 | $49.3M | $31.0M | ||
| Q1 24 | $51.2M | $28.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $8.3M | ||
| Q2 25 | — | $44.6M | ||
| Q1 25 | — | $41.9M | ||
| Q4 24 | — | $45.3M | ||
| Q3 24 | — | $39.3M | ||
| Q2 24 | — | $25.3M | ||
| Q1 24 | — | $24.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 19.6% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 10.2% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | 0.99× | ||
| Q2 25 | 2.47× | 2.48× | ||
| Q1 25 | 2.61× | 4.47× | ||
| Q4 24 | 1.81× | 171.33× | ||
| Q3 24 | 1.39× | 3.64× | ||
| Q2 24 | 2.38× | 1.12× | ||
| Q1 24 | 4.38× | 0.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
