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Side-by-side financial comparison of H2O AMERICA (HTO) and LendingClub Corp (LC). Click either name above to swap in a different company.
LendingClub Corp is the larger business by last-quarter revenue ($252.3M vs $199.4M, roughly 1.3× H2O AMERICA). LendingClub Corp runs the higher net margin — 20.5% vs 8.1%, a 12.3% gap on every dollar of revenue. On growth, LendingClub Corp posted the faster year-over-year revenue change (15.9% vs 1.5%). Over the past eight quarters, LendingClub Corp's revenue compounded faster (16.1% CAGR vs 15.3%).
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.
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
HTO vs LC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $252.3M |
| Net Profit | $16.2M | $51.6M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | — |
| Net Margin | 8.1% | 20.5% |
| Revenue YoY | 1.5% | 15.9% |
| Net Profit YoY | -29.2% | 341.0% |
| EPS (diluted) | $0.45 | $0.44 |
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 | — | $252.3M | ||
| Q4 25 | $199.4M | $266.5M | ||
| Q3 25 | $243.5M | $266.2M | ||
| Q2 25 | $197.8M | $248.4M | ||
| Q1 25 | $164.9M | $217.7M | ||
| Q4 24 | $196.5M | $217.2M | ||
| Q3 24 | $216.7M | $201.9M | ||
| Q2 24 | $173.1M | $187.2M |
| Q1 26 | — | $51.6M | ||
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $44.3M | ||
| Q2 25 | $24.7M | $38.2M | ||
| Q1 25 | $16.6M | $11.7M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $38.7M | $14.5M | ||
| Q2 24 | $20.7M | $14.9M |
| Q1 26 | — | — | ||
| Q4 25 | 16.6% | 18.8% | ||
| Q3 25 | 26.5% | 21.5% | ||
| Q2 25 | 22.2% | 21.7% | ||
| Q1 25 | 21.8% | 7.2% | ||
| Q4 24 | 22.2% | 5.1% | ||
| Q3 24 | 26.9% | 8.9% | ||
| Q2 24 | 23.4% | 10.4% |
| Q1 26 | — | 20.5% | ||
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | 16.6% | ||
| Q2 25 | 12.5% | 15.4% | ||
| Q1 25 | 10.0% | 5.4% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 17.8% | 7.2% | ||
| Q2 24 | 12.0% | 8.0% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.45 | $0.36 | ||
| Q3 25 | $1.27 | $0.37 | ||
| Q2 25 | $0.71 | $0.33 | ||
| Q1 25 | $0.49 | $0.10 | ||
| Q4 24 | $0.70 | $0.08 | ||
| Q3 24 | $1.17 | $0.13 | ||
| Q2 24 | $0.64 | $0.13 |
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 | $1.5B |
| Total Assets | $5.1B | $11.9B |
| 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 | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $1.7B | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B |
| Q1 26 | — | $11.9B | ||
| Q4 25 | $5.1B | $11.6B | ||
| Q3 25 | $5.0B | $11.1B | ||
| Q2 25 | $4.8B | $10.8B | ||
| Q1 25 | $4.7B | $10.5B | ||
| Q4 24 | $4.7B | $10.6B | ||
| Q3 24 | $4.6B | $11.0B | ||
| Q2 24 | $4.4B | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 1.26× | 0.00× | ||
| 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 | $63.5M | $-2.7B | ||
| Q3 25 | $77.3M | $-770.8M | ||
| Q2 25 | $60.8M | $-713.1M | ||
| Q1 25 | $43.2M | $-339.3M | ||
| Q4 24 | $41.5M | $-2.6B | ||
| Q3 24 | $53.5M | $-669.8M | ||
| Q2 24 | $49.3M | $-932.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.9B | ||
| Q3 25 | — | $-791.8M | ||
| Q2 25 | — | $-803.8M | ||
| Q1 25 | — | $-352.3M | ||
| Q4 24 | — | $-2.7B | ||
| Q3 24 | — | $-682.3M | ||
| Q2 24 | — | $-945.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | -1076.0% | ||
| Q3 25 | — | -297.4% | ||
| Q2 25 | — | -323.5% | ||
| Q1 25 | — | -161.8% | ||
| Q4 24 | — | -1237.8% | ||
| Q3 24 | — | -338.0% | ||
| Q2 24 | — | -504.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 52.7% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 36.5% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 6.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | -17.41× | ||
| Q2 25 | 2.47× | -18.68× | ||
| Q1 25 | 2.61× | -29.07× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | -46.33× | ||
| Q2 24 | 2.38× | -62.57× |
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% |
LC
Segment breakdown not available.
