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Side-by-side financial comparison of H2O AMERICA (HTO) and NERDWALLET, INC. (NRDS). Click either name above to swap in a different company.
NERDWALLET, INC. is the larger business by last-quarter revenue ($225.4M vs $199.4M, roughly 1.1× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 6.2%, a 1.9% gap on every dollar of revenue. On growth, NERDWALLET, INC. posted the faster year-over-year revenue change (22.6% vs 1.5%). Over the past eight quarters, NERDWALLET, INC.'s revenue compounded faster (18.0% 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.
NerdWallet is an American personal finance company, founded in 2009 by Tim Chen and Jacob Gibson. It has a website and app that earns money by promoting financial products to its users.
HTO vs NRDS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $225.4M |
| Net Profit | $16.2M | $14.0M |
| Gross Margin | — | 94.0% |
| Operating Margin | 16.6% | 8.6% |
| Net Margin | 8.1% | 6.2% |
| Revenue YoY | 1.5% | 22.6% |
| Net Profit YoY | -29.2% | -63.7% |
| EPS (diluted) | $0.45 | $0.19 |
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 | $225.4M | ||
| Q3 25 | $243.5M | $215.1M | ||
| Q2 25 | $197.8M | $186.9M | ||
| Q1 25 | $164.9M | $209.2M | ||
| Q4 24 | $196.5M | $183.8M | ||
| Q3 24 | $216.7M | $191.3M | ||
| Q2 24 | $173.1M | $150.6M | ||
| Q1 24 | $150.0M | $161.9M |
| Q4 25 | $16.2M | $14.0M | ||
| Q3 25 | $45.1M | $26.3M | ||
| Q2 25 | $24.7M | $8.2M | ||
| Q1 25 | $16.6M | $200.0K | ||
| Q4 24 | $22.9M | $38.6M | ||
| Q3 24 | $38.7M | $100.0K | ||
| Q2 24 | $20.7M | $-9.4M | ||
| Q1 24 | $11.7M | $1.1M |
| Q4 25 | — | 94.0% | ||
| Q3 25 | — | 92.9% | ||
| Q2 25 | — | 91.1% | ||
| Q1 25 | — | 91.3% | ||
| Q4 24 | — | 90.9% | ||
| Q3 24 | — | 90.7% | ||
| Q2 24 | — | 90.1% | ||
| Q1 24 | — | 91.2% |
| Q4 25 | 16.6% | 8.6% | ||
| Q3 25 | 26.5% | 16.0% | ||
| Q2 25 | 22.2% | 5.7% | ||
| Q1 25 | 21.8% | 0.3% | ||
| Q4 24 | 22.2% | 4.7% | ||
| Q3 24 | 26.9% | 3.5% | ||
| Q2 24 | 23.4% | -6.4% | ||
| Q1 24 | 18.6% | 2.3% |
| Q4 25 | 8.1% | 6.2% | ||
| Q3 25 | 18.5% | 12.2% | ||
| Q2 25 | 12.5% | 4.4% | ||
| Q1 25 | 10.0% | 0.1% | ||
| Q4 24 | 11.7% | 21.0% | ||
| Q3 24 | 17.8% | 0.1% | ||
| Q2 24 | 12.0% | -6.2% | ||
| Q1 24 | 7.8% | 0.7% |
| Q4 25 | $0.45 | $0.19 | ||
| Q3 25 | $1.27 | $0.34 | ||
| Q2 25 | $0.71 | $0.11 | ||
| Q1 25 | $0.49 | $0.00 | ||
| Q4 24 | $0.70 | $0.49 | ||
| Q3 24 | $1.17 | $0.00 | ||
| Q2 24 | $0.64 | $-0.12 | ||
| Q1 24 | $0.36 | $0.01 |
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 | $98.3M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $374.5M |
| Total Assets | $5.1B | $461.1M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $98.3M | ||
| Q3 25 | $11.3M | $120.6M | ||
| Q2 25 | $19.8M | $105.3M | ||
| Q1 25 | $23.7M | $92.2M | ||
| Q4 24 | $11.1M | $66.3M | ||
| Q3 24 | $4.0M | $71.7M | ||
| Q2 24 | $22.8M | $113.8M | ||
| Q1 24 | $4.5M | $110.9M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $374.5M | ||
| Q3 25 | $1.5B | $402.4M | ||
| Q2 25 | $1.5B | $390.0M | ||
| Q1 25 | $1.4B | $371.6M | ||
| Q4 24 | $1.4B | $364.2M | ||
| Q3 24 | $1.3B | $322.4M | ||
| Q2 24 | $1.3B | $379.4M | ||
| Q1 24 | $1.2B | $378.7M |
| Q4 25 | $5.1B | $461.1M | ||
| Q3 25 | $5.0B | $492.8M | ||
| Q2 25 | $4.8B | $476.0M | ||
| Q1 25 | $4.7B | $475.0M | ||
| Q4 24 | $4.7B | $437.6M | ||
| Q3 24 | $4.6B | $402.4M | ||
| Q2 24 | $4.4B | $446.2M | ||
| Q1 24 | $4.4B | $446.1M |
| 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 | $38.9M |
| Free Cash FlowOCF − Capex | — | $38.6M |
| FCF MarginFCF / Revenue | — | 17.1% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 3.92× | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $130.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $38.9M | ||
| Q3 25 | $77.3M | $48.5M | ||
| Q2 25 | $60.8M | $17.5M | ||
| Q1 25 | $43.2M | $26.7M | ||
| Q4 24 | $41.5M | $9.9M | ||
| Q3 24 | $53.5M | $29.0M | ||
| Q2 24 | $49.3M | $10.2M | ||
| Q1 24 | $51.2M | $22.7M |
| Q4 25 | — | $38.6M | ||
| Q3 25 | — | $48.4M | ||
| Q2 25 | — | $16.8M | ||
| Q1 25 | — | $26.5M | ||
| Q4 24 | — | $9.7M | ||
| Q3 24 | — | $28.9M | ||
| Q2 24 | — | $9.9M | ||
| Q1 24 | — | — |
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | 12.7% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 3.92× | 2.78× | ||
| Q3 25 | 1.71× | 1.84× | ||
| Q2 25 | 2.47× | 2.13× | ||
| Q1 25 | 2.61× | 133.50× | ||
| Q4 24 | 1.81× | 0.26× | ||
| Q3 24 | 1.39× | 290.00× | ||
| Q2 24 | 2.38× | — | ||
| Q1 24 | 4.38× | 20.64× |
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% |
NRDS
| Insurance | $81.2M | 36% |
| Emerging Verticals | $52.9M | 23% |
| Loans | $42.3M | 19% |
| Credit Card | $26.5M | 12% |
| SMB Products | $22.5M | 10% |
