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Side-by-side financial comparison of H2O AMERICA (HTO) and Northwest Bancshares, Inc. (NWBI). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $175.1M, roughly 1.1× Northwest Bancshares, Inc.). Northwest Bancshares, Inc. runs the higher net margin — 28.9% vs 8.1%, a 20.7% gap on every dollar of revenue. Over the past eight quarters, Northwest Bancshares, Inc.'s revenue compounded faster (33.7% 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.
Northwest Bank is a bank headquartered in Warren, Pennsylvania. It is the leading subsidiary of Northwest Bancshares, Inc., a bank holding company, and operates 151 branches in Pennsylvania, Western New York, Northeast Ohio, Appalachian Ohio, and Indiana.
HTO vs NWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $175.1M |
| Net Profit | $16.2M | $50.5M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | — |
| Net Margin | 8.1% | 28.9% |
| Revenue YoY | 1.5% | — |
| Net Profit YoY | -29.2% | — |
| EPS (diluted) | $0.45 | $0.34 |
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 | — | $175.1M | ||
| Q4 25 | $199.4M | $179.9M | ||
| Q3 25 | $243.5M | $168.2M | ||
| Q2 25 | $197.8M | $150.4M | ||
| Q1 25 | $164.9M | $156.2M | ||
| Q4 24 | $196.5M | $154.3M | ||
| Q3 24 | $216.7M | $139.1M | ||
| Q2 24 | $173.1M | $98.0M |
| Q1 26 | — | $50.5M | ||
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $3.2M | ||
| Q2 25 | $24.7M | $33.7M | ||
| Q1 25 | $16.6M | $43.5M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $38.7M | $33.6M | ||
| Q2 24 | $20.7M | $4.7M |
| Q1 26 | — | — | ||
| Q4 25 | 16.6% | 32.6% | ||
| Q3 25 | 26.5% | 2.1% | ||
| Q2 25 | 22.2% | 29.3% | ||
| Q1 25 | 21.8% | 36.2% | ||
| Q4 24 | 22.2% | 27.5% | ||
| Q3 24 | 26.9% | 31.3% | ||
| Q2 24 | 23.4% | 6.1% |
| Q1 26 | — | 28.9% | ||
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | 1.9% | ||
| Q2 25 | 12.5% | 22.4% | ||
| Q1 25 | 10.0% | 27.8% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 17.8% | 24.2% | ||
| Q2 24 | 12.0% | 4.8% |
| Q1 26 | — | $0.34 | ||
| Q4 25 | $0.45 | $0.30 | ||
| Q3 25 | $1.27 | $0.02 | ||
| Q2 25 | $0.71 | $0.26 | ||
| Q1 25 | $0.49 | $0.34 | ||
| Q4 24 | $0.70 | $0.26 | ||
| Q3 24 | $1.17 | $0.26 | ||
| Q2 24 | $0.64 | $0.04 |
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 | $286.7M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $1.9B |
| Total Assets | $5.1B | $16.9B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $286.7M | ||
| 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 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.6B |
| Q1 26 | — | $16.9B | ||
| Q4 25 | $5.1B | $16.8B | ||
| Q3 25 | $5.0B | $16.4B | ||
| Q2 25 | $4.8B | $14.5B | ||
| Q1 25 | $4.7B | $14.5B | ||
| Q4 24 | $4.7B | $14.4B | ||
| Q3 24 | $4.6B | $14.4B | ||
| Q2 24 | $4.4B | $14.4B |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| 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 | $153.4M | ||
| Q3 25 | $77.3M | $41.9M | ||
| Q2 25 | $60.8M | $-2.3M | ||
| Q1 25 | $43.2M | $107.6M | ||
| Q4 24 | $41.5M | $127.7M | ||
| Q3 24 | $53.5M | $93.3M | ||
| Q2 24 | $49.3M | $40.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $141.8M | ||
| Q3 25 | — | $38.3M | ||
| Q2 25 | — | $-6.0M | ||
| Q1 25 | — | $105.8M | ||
| Q4 24 | — | $125.4M | ||
| Q3 24 | — | $93.2M | ||
| Q2 24 | — | $37.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 78.8% | ||
| Q3 25 | — | 22.8% | ||
| Q2 25 | — | -4.0% | ||
| Q1 25 | — | 67.7% | ||
| Q4 24 | — | 81.3% | ||
| Q3 24 | — | 67.0% | ||
| Q2 24 | — | 37.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 3.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | 13.24× | ||
| Q2 25 | 2.47× | -0.07× | ||
| Q1 25 | 2.61× | 2.48× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | 2.77× | ||
| Q2 24 | 2.38× | 8.56× |
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% |
NWBI
| Net Interest Income | $142.5M | 81% |
| Noninterest Income | $32.6M | 19% |
