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Side-by-side financial comparison of H2O AMERICA (HTO) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $121.0M, roughly 1.6× Ramaco Resources, Inc.). H2O AMERICA runs the higher net margin — 8.1% vs -11.0%, a 19.1% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -27.7%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
HTO vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $121.0M |
| Net Profit | $16.2M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | 16.6% | -12.0% |
| Net Margin | 8.1% | -11.0% |
| Revenue YoY | 1.5% | -27.7% |
| Net Profit YoY | -29.2% | -5468.2% |
| 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.
| Q4 25 | $199.4M | — | ||
| Q3 25 | $243.5M | $121.0M | ||
| Q2 25 | $197.8M | $153.0M | ||
| Q1 25 | $164.9M | $134.7M | ||
| Q4 24 | $196.5M | $170.9M | ||
| Q3 24 | $216.7M | $167.4M | ||
| Q2 24 | $173.1M | $155.3M | ||
| Q1 24 | $150.0M | $172.7M |
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $-13.3M | ||
| Q2 25 | $24.7M | $-14.0M | ||
| Q1 25 | $16.6M | $-9.5M | ||
| Q4 24 | $22.9M | $3.9M | ||
| Q3 24 | $38.7M | $-239.0K | ||
| Q2 24 | $20.7M | $5.5M | ||
| Q1 24 | $11.7M | $2.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | -12.0% | ||
| Q2 25 | 22.2% | -9.1% | ||
| Q1 25 | 21.8% | -8.9% | ||
| Q4 24 | 22.2% | 3.7% | ||
| Q3 24 | 26.9% | 1.0% | ||
| Q2 24 | 23.4% | 3.5% | ||
| Q1 24 | 18.6% | 1.9% |
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | -11.0% | ||
| Q2 25 | 12.5% | -9.1% | ||
| Q1 25 | 10.0% | -7.0% | ||
| Q4 24 | 11.7% | 2.3% | ||
| Q3 24 | 17.8% | -0.1% | ||
| Q2 24 | 12.0% | 3.6% | ||
| Q1 24 | 7.8% | 1.2% |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | $0.06 | ||
| Q3 24 | $1.17 | $-0.03 | ||
| Q2 24 | $0.64 | $0.08 | ||
| Q1 24 | $0.36 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | $1.9B | $116.3M |
| Stockholders' EquityBook value | $1.5B | $526.9M |
| Total Assets | $5.1B | $849.7M |
| Debt / EquityLower = less leverage | 1.23× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | $193.8M | ||
| Q2 25 | $19.8M | $28.1M | ||
| Q1 25 | $23.7M | $43.5M | ||
| Q4 24 | $11.1M | $33.0M | ||
| Q3 24 | $4.0M | $22.9M | ||
| Q2 24 | $22.8M | $27.6M | ||
| Q1 24 | $4.5M | $30.5M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $526.9M | ||
| Q2 25 | $1.5B | $347.4M | ||
| Q1 25 | $1.4B | $355.2M | ||
| Q4 24 | $1.4B | $362.8M | ||
| Q3 24 | $1.3B | $361.8M | ||
| Q2 24 | $1.3B | $366.1M | ||
| Q1 24 | $1.2B | $372.3M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $849.7M | ||
| Q2 25 | $4.8B | $674.6M | ||
| Q1 25 | $4.7B | $685.7M | ||
| Q4 24 | $4.7B | $674.7M | ||
| Q3 24 | $4.6B | $645.4M | ||
| Q2 24 | $4.4B | $659.2M | ||
| Q1 24 | $4.4B | $674.0M |
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | 0.24× | ||
| 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 | $-1.4M |
| Free Cash FlowOCF − Capex | — | $-17.5M |
| FCF MarginFCF / Revenue | — | -14.5% |
| Capex IntensityCapex / Revenue | — | 13.3% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | $-1.4M | ||
| Q2 25 | $60.8M | $-4.3M | ||
| Q1 25 | $43.2M | $26.0M | ||
| Q4 24 | $41.5M | $15.7M | ||
| Q3 24 | $53.5M | $37.4M | ||
| Q2 24 | $49.3M | $34.4M | ||
| Q1 24 | $51.2M | $25.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-17.5M | ||
| Q2 25 | — | $-19.8M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $25.6M | ||
| Q2 24 | — | $20.3M | ||
| Q1 24 | — | $6.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | -14.5% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 10.8% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | 4.06× | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 2.38× | 6.21× | ||
| Q1 24 | 4.38× | 12.40× |
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% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
