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Side-by-side financial comparison of H2O AMERICA (HTO) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.
KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $199.4M, roughly 1.4× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 6.3%, a 1.8% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -5.0%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -1.2%).
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.
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
HTO vs KRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $272.2M |
| Net Profit | $16.2M | $17.1M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | — |
| Net Margin | 8.1% | 6.3% |
| Revenue YoY | 1.5% | -5.0% |
| Net Profit YoY | -29.2% | -73.7% |
| 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 | $272.2M | ||
| Q3 25 | $243.5M | $279.7M | ||
| Q2 25 | $197.8M | $289.9M | ||
| Q1 25 | $164.9M | $270.8M | ||
| Q4 24 | $196.5M | $286.4M | ||
| Q3 24 | $216.7M | $289.9M | ||
| Q2 24 | $173.1M | $280.7M | ||
| Q1 24 | $150.0M | $278.6M |
| Q4 25 | $16.2M | $17.1M | ||
| Q3 25 | $45.1M | $162.3M | ||
| Q2 25 | $24.7M | $79.6M | ||
| Q1 25 | $16.6M | $43.7M | ||
| Q4 24 | $22.9M | $65.0M | ||
| Q3 24 | $38.7M | $57.7M | ||
| Q2 24 | $20.7M | $54.5M | ||
| Q1 24 | $11.7M | $55.7M |
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 21.8% | — | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 23.4% | — | ||
| Q1 24 | 18.6% | — |
| Q4 25 | 8.1% | 6.3% | ||
| Q3 25 | 18.5% | 58.0% | ||
| Q2 25 | 12.5% | 27.4% | ||
| Q1 25 | 10.0% | 16.1% | ||
| Q4 24 | 11.7% | 22.7% | ||
| Q3 24 | 17.8% | 19.9% | ||
| Q2 24 | 12.0% | 19.4% | ||
| Q1 24 | 7.8% | 20.0% |
| Q4 25 | $0.45 | $0.11 | ||
| Q3 25 | $1.27 | $1.31 | ||
| Q2 25 | $0.71 | $0.57 | ||
| Q1 25 | $0.49 | $0.33 | ||
| Q4 24 | $0.70 | $0.50 | ||
| Q3 24 | $1.17 | $0.44 | ||
| Q2 24 | $0.64 | $0.41 | ||
| Q1 24 | $0.36 | $0.42 |
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 | $179.3M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $5.4B |
| Total Assets | $5.1B | $10.9B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $179.3M | ||
| Q3 25 | $11.3M | $372.4M | ||
| Q2 25 | $19.8M | $193.1M | ||
| Q1 25 | $23.7M | $146.7M | ||
| Q4 24 | $11.1M | $165.7M | ||
| Q3 24 | $4.0M | $625.4M | ||
| Q2 24 | $22.8M | $835.9M | ||
| Q1 24 | $4.5M | $855.0M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $5.4B | ||
| Q3 25 | $1.5B | $5.5B | ||
| Q2 25 | $1.5B | $5.4B | ||
| Q1 25 | $1.4B | $5.4B | ||
| Q4 24 | $1.4B | $5.4B | ||
| Q3 24 | $1.3B | $5.4B | ||
| Q2 24 | $1.3B | $5.4B | ||
| Q1 24 | $1.2B | $5.4B |
| Q4 25 | $5.1B | $10.9B | ||
| Q3 25 | $5.0B | $11.0B | ||
| Q2 25 | $4.8B | $10.9B | ||
| Q1 25 | $4.7B | $10.9B | ||
| Q4 24 | $4.7B | $10.9B | ||
| Q3 24 | $4.6B | $11.4B | ||
| Q2 24 | $4.4B | $11.5B | ||
| Q1 24 | $4.4B | $11.6B |
| 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 | $566.3M |
| Free Cash FlowOCF − Capex | — | $450.3M |
| FCF MarginFCF / Revenue | — | 165.4% |
| Capex IntensityCapex / Revenue | — | 42.6% |
| Cash ConversionOCF / Net Profit | 3.92× | 33.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $833.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $566.3M | ||
| Q3 25 | $77.3M | $176.6M | ||
| Q2 25 | $60.8M | $143.7M | ||
| Q1 25 | $43.2M | $136.9M | ||
| Q4 24 | $41.5M | $541.1M | ||
| Q3 24 | $53.5M | $176.3M | ||
| Q2 24 | $49.3M | $88.7M | ||
| Q1 24 | $51.2M | $167.9M |
| Q4 25 | — | $450.3M | ||
| Q3 25 | — | $148.7M | ||
| Q2 25 | — | $118.4M | ||
| Q1 25 | — | $115.6M | ||
| Q4 24 | — | $440.8M | ||
| Q3 24 | — | $147.2M | ||
| Q2 24 | — | $69.5M | ||
| Q1 24 | — | $151.9M |
| Q4 25 | — | 165.4% | ||
| Q3 25 | — | 53.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 153.9% | ||
| Q3 24 | — | 50.8% | ||
| Q2 24 | — | 24.7% | ||
| Q1 24 | — | 54.5% |
| Q4 25 | — | 42.6% | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | — | 5.7% |
| Q4 25 | 3.92× | 33.10× | ||
| Q3 25 | 1.71× | 1.09× | ||
| Q2 25 | 2.47× | 1.81× | ||
| Q1 25 | 2.61× | 3.13× | ||
| Q4 24 | 1.81× | 8.32× | ||
| Q3 24 | 1.39× | 3.06× | ||
| Q2 24 | 2.38× | 1.63× | ||
| Q1 24 | 4.38× | 3.01× |
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% |
KRC
Segment breakdown not available.
