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Side-by-side financial comparison of H2O AMERICA (HTO) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $199.4M, roughly 1.8× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs -10.8%, a 18.9% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 13.8%).
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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
HTO vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $349.1M |
| Net Profit | $16.2M | $-37.6M |
| Gross Margin | — | 80.1% |
| Operating Margin | 16.6% | -12.3% |
| Net Margin | 8.1% | -10.8% |
| Revenue YoY | 1.5% | 15.6% |
| Net Profit YoY | -29.2% | 39.6% |
| EPS (diluted) | $0.45 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $243.5M | $338.9M | ||
| Q2 25 | $197.8M | $323.9M | ||
| Q1 25 | $164.9M | $310.6M | ||
| Q4 24 | $196.5M | $302.0M | ||
| Q3 24 | $216.7M | $295.9M | ||
| Q2 24 | $173.1M | $284.3M | ||
| Q1 24 | $150.0M | $269.4M |
| Q4 25 | $16.2M | $-37.6M | ||
| Q3 25 | $45.1M | $-9.1M | ||
| Q2 25 | $24.7M | $-21.1M | ||
| Q1 25 | $16.6M | $-33.0M | ||
| Q4 24 | $22.9M | $-62.3M | ||
| Q3 24 | $38.7M | $-26.4M | ||
| Q2 24 | $20.7M | $-6.3M | ||
| Q1 24 | $11.7M | $-11.0M |
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
| Q4 25 | 16.6% | -12.3% | ||
| Q3 25 | 26.5% | -4.4% | ||
| Q2 25 | 22.2% | -9.3% | ||
| Q1 25 | 21.8% | -11.7% | ||
| Q4 24 | 22.2% | -21.9% | ||
| Q3 24 | 26.9% | -12.3% | ||
| Q2 24 | 23.4% | -5.2% | ||
| Q1 24 | 18.6% | -7.0% |
| Q4 25 | 8.1% | -10.8% | ||
| Q3 25 | 18.5% | -2.7% | ||
| Q2 25 | 12.5% | -6.5% | ||
| Q1 25 | 10.0% | -10.6% | ||
| Q4 24 | 11.7% | -20.6% | ||
| Q3 24 | 17.8% | -8.9% | ||
| Q2 24 | 12.0% | -2.2% | ||
| Q1 24 | 7.8% | -4.1% |
| Q4 25 | $0.45 | $-0.25 | ||
| Q3 25 | $1.27 | $-0.06 | ||
| Q2 25 | $0.71 | $-0.14 | ||
| Q1 25 | $0.49 | $-0.22 | ||
| Q4 24 | $0.70 | $-0.42 | ||
| Q3 24 | $1.17 | $-0.18 | ||
| Q2 24 | $0.64 | $-0.04 | ||
| Q1 24 | $0.36 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $1.3B |
| Total Assets | $5.1B | $2.2B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $768.5M | ||
| Q3 25 | $11.3M | $684.0M | ||
| Q2 25 | $19.8M | $620.9M | ||
| Q1 25 | $23.7M | $566.7M | ||
| Q4 24 | $11.1M | $775.4M | ||
| Q3 24 | $4.0M | $756.9M | ||
| Q2 24 | $22.8M | $735.4M | ||
| Q1 24 | $4.5M | $744.6M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | $5.1B | $2.2B | ||
| Q3 25 | $5.0B | $2.1B | ||
| Q2 25 | $4.8B | $2.0B | ||
| Q1 25 | $4.7B | $1.9B | ||
| Q4 24 | $4.7B | $2.1B | ||
| Q3 24 | $4.6B | $2.0B | ||
| Q2 24 | $4.4B | $2.0B | ||
| Q1 24 | $4.4B | $1.9B |
| 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 | $114.9M |
| Free Cash FlowOCF − Capex | — | $109.2M |
| FCF MarginFCF / Revenue | — | 31.3% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $114.9M | ||
| Q3 25 | $77.3M | $88.5M | ||
| Q2 25 | $60.8M | $30.8M | ||
| Q1 25 | $43.2M | $66.0M | ||
| Q4 24 | $41.5M | $29.1M | ||
| Q3 24 | $53.5M | $39.3M | ||
| Q2 24 | $49.3M | $58.7M | ||
| Q1 24 | $51.2M | $69.1M |
| Q4 25 | — | $109.2M | ||
| Q3 25 | — | $83.1M | ||
| Q2 25 | — | $27.9M | ||
| Q1 25 | — | $62.0M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | — | $35.7M | ||
| Q2 24 | — | $56.8M | ||
| Q1 24 | — | $67.1M |
| Q4 25 | — | 31.3% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 2.38× | — | ||
| Q1 24 | 4.38× | — |
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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
