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Side-by-side financial comparison of H2O AMERICA (HTO) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $199.4M, roughly 1.9× H2O AMERICA). Paylocity Holding Corp runs the higher net margin — 13.0% vs 8.1%, a 4.8% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 2.7%).
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.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
HTO vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $387.0M |
| Net Profit | $16.2M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | 16.6% | 18.2% |
| Net Margin | 8.1% | 13.0% |
| Revenue YoY | 1.5% | 11.3% |
| Net Profit YoY | -29.2% | 34.0% |
| EPS (diluted) | $0.45 | $0.92 |
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 | $387.0M | ||
| Q3 25 | $243.5M | $378.9M | ||
| Q2 25 | $197.8M | $369.9M | ||
| Q1 25 | $164.9M | $421.1M | ||
| Q4 24 | $196.5M | $347.7M | ||
| Q3 24 | $216.7M | $333.1M | ||
| Q2 24 | $173.1M | $324.7M | ||
| Q1 24 | $150.0M | $366.8M |
| Q4 25 | $16.2M | $50.2M | ||
| Q3 25 | $45.1M | $48.0M | ||
| Q2 25 | $24.7M | $48.6M | ||
| Q1 25 | $16.6M | $91.5M | ||
| Q4 24 | $22.9M | $37.5M | ||
| Q3 24 | $38.7M | $49.6M | ||
| Q2 24 | $20.7M | $48.8M | ||
| Q1 24 | $11.7M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 77.8% |
| Q4 25 | 16.6% | 18.2% | ||
| Q3 25 | 26.5% | 19.6% | ||
| Q2 25 | 22.2% | 17.9% | ||
| Q1 25 | 21.8% | 30.2% | ||
| Q4 24 | 22.2% | 13.4% | ||
| Q3 24 | 26.9% | 19.3% | ||
| Q2 24 | 23.4% | 19.4% | ||
| Q1 24 | 18.6% | 29.0% |
| Q4 25 | 8.1% | 13.0% | ||
| Q3 25 | 18.5% | 12.7% | ||
| Q2 25 | 12.5% | 13.1% | ||
| Q1 25 | 10.0% | 21.7% | ||
| Q4 24 | 11.7% | 10.8% | ||
| Q3 24 | 17.8% | 14.9% | ||
| Q2 24 | 12.0% | 15.0% | ||
| Q1 24 | 7.8% | 23.3% |
| Q4 25 | $0.45 | $0.92 | ||
| Q3 25 | $1.27 | $0.86 | ||
| Q2 25 | $0.71 | $0.87 | ||
| Q1 25 | $0.49 | $1.61 | ||
| Q4 24 | $0.70 | $0.66 | ||
| Q3 24 | $1.17 | $0.88 | ||
| Q2 24 | $0.64 | $0.85 | ||
| Q1 24 | $0.36 | $1.50 |
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 | $162.5M |
| Total DebtLower is stronger | $1.9B | $81.3M |
| Stockholders' EquityBook value | $1.5B | $1.1B |
| Total Assets | $5.1B | $7.0B |
| Debt / EquityLower = less leverage | 1.23× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $162.5M | ||
| Q3 25 | $11.3M | $165.2M | ||
| Q2 25 | $19.8M | $398.1M | ||
| Q1 25 | $23.7M | $477.8M | ||
| Q4 24 | $11.1M | $482.4M | ||
| Q3 24 | $4.0M | $778.5M | ||
| Q2 24 | $22.8M | $401.8M | ||
| Q1 24 | $4.5M | $492.7M |
| Q4 25 | $1.9B | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | $1.7B | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.0B | ||
| Q1 24 | $1.2B | $1.1B |
| Q4 25 | $5.1B | $7.0B | ||
| Q3 25 | $5.0B | $4.2B | ||
| Q2 25 | $4.8B | $4.4B | ||
| Q1 25 | $4.7B | $5.2B | ||
| Q4 24 | $4.7B | $5.3B | ||
| Q3 24 | $4.6B | $4.0B | ||
| Q2 24 | $4.4B | $4.2B | ||
| Q1 24 | $4.4B | $5.0B |
| Q4 25 | 1.23× | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 1.26× | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.00× | ||
| 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 | $117.0M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 29.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 3.92× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $117.0M | ||
| Q3 25 | $77.3M | $86.5M | ||
| Q2 25 | $60.8M | $86.6M | ||
| Q1 25 | $43.2M | $186.0M | ||
| Q4 24 | $41.5M | $54.2M | ||
| Q3 24 | $53.5M | $91.5M | ||
| Q2 24 | $49.3M | $79.9M | ||
| Q1 24 | $51.2M | $167.5M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $82.7M | ||
| Q2 25 | — | $81.1M | ||
| Q1 25 | — | $183.7M | ||
| Q4 24 | — | $51.2M | ||
| Q3 24 | — | $89.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $162.0M |
| Q4 25 | — | 29.4% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 3.92× | 2.33× | ||
| Q3 25 | 1.71× | 1.80× | ||
| Q2 25 | 2.47× | 1.78× | ||
| Q1 25 | 2.61× | 2.03× | ||
| Q4 24 | 1.81× | 1.45× | ||
| Q3 24 | 1.39× | 1.84× | ||
| Q2 24 | 2.38× | 1.64× | ||
| Q1 24 | 4.38× | 1.96× |
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% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
