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Side-by-side financial comparison of H2O AMERICA (HTO) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $124.5M, roughly 1.6× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 8.1%, a 121.6% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 5.9%).
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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
HTO vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $124.5M |
| Net Profit | $16.2M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | 16.6% | 6.5% |
| Net Margin | 8.1% | 129.7% |
| Revenue YoY | 1.5% | 4.7% |
| Net Profit YoY | -29.2% | 2827.7% |
| EPS (diluted) | $0.45 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $243.5M | $123.4M | ||
| Q2 25 | $197.8M | $119.8M | ||
| Q1 25 | $164.9M | $121.4M | ||
| Q4 24 | $196.5M | $118.9M | ||
| Q3 24 | $216.7M | $115.9M | ||
| Q2 24 | $173.1M | $111.2M | ||
| Q1 24 | $150.0M | $111.1M |
| Q4 25 | $16.2M | $161.6M | ||
| Q3 25 | $45.1M | $9.6M | ||
| Q2 25 | $24.7M | $-7.2M | ||
| Q1 25 | $16.6M | $-8.8M | ||
| Q4 24 | $22.9M | $-5.9M | ||
| Q3 24 | $38.7M | $-10.9M | ||
| Q2 24 | $20.7M | $-17.1M | ||
| Q1 24 | $11.7M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | 16.6% | 6.5% | ||
| Q3 25 | 26.5% | 2.9% | ||
| Q2 25 | 22.2% | -8.6% | ||
| Q1 25 | 21.8% | -9.6% | ||
| Q4 24 | 22.2% | -8.7% | ||
| Q3 24 | 26.9% | -13.8% | ||
| Q2 24 | 23.4% | -19.5% | ||
| Q1 24 | 18.6% | -30.1% |
| Q4 25 | 8.1% | 129.7% | ||
| Q3 25 | 18.5% | 7.8% | ||
| Q2 25 | 12.5% | -6.0% | ||
| Q1 25 | 10.0% | -7.2% | ||
| Q4 24 | 11.7% | -5.0% | ||
| Q3 24 | 17.8% | -9.4% | ||
| Q2 24 | 12.0% | -15.4% | ||
| Q1 24 | 7.8% | -25.3% |
| Q4 25 | $0.45 | $1.69 | ||
| Q3 25 | $1.27 | $0.10 | ||
| Q2 25 | $0.71 | $-0.07 | ||
| Q1 25 | $0.49 | $-0.12 | ||
| Q4 24 | $0.70 | $-0.07 | ||
| Q3 24 | $1.17 | $-0.14 | ||
| Q2 24 | $0.64 | $-0.26 | ||
| Q1 24 | $0.36 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $320.5M |
| Total Assets | $5.1B | $1.0B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $547.8M | ||
| Q3 25 | $11.3M | $567.9M | ||
| Q2 25 | $19.8M | $597.1M | ||
| Q1 25 | $23.7M | $570.8M | ||
| Q4 24 | $11.1M | $542.2M | ||
| Q3 24 | $4.0M | $599.3M | ||
| Q2 24 | $22.8M | $592.8M | ||
| Q1 24 | $4.5M | $571.2M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $1.5B | $320.5M | ||
| Q3 25 | $1.5B | $180.7M | ||
| Q2 25 | $1.5B | $145.7M | ||
| Q1 25 | $1.4B | $129.8M | ||
| Q4 24 | $1.4B | $111.6M | ||
| Q3 24 | $1.3B | $164.7M | ||
| Q2 24 | $1.3B | $174.0M | ||
| Q1 24 | $1.2B | $171.6M |
| Q4 25 | $5.1B | $1.0B | ||
| Q3 25 | $5.0B | $891.5M | ||
| Q2 25 | $4.8B | $926.8M | ||
| Q1 25 | $4.7B | $927.3M | ||
| Q4 24 | $4.7B | $866.8M | ||
| Q3 24 | $4.6B | $916.0M | ||
| Q2 24 | $4.4B | $924.0M | ||
| Q1 24 | $4.4B | $925.3M |
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | — | $24.1M |
| FCF MarginFCF / Revenue | — | 19.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 3.92× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $24.8M | ||
| Q3 25 | $77.3M | $34.0M | ||
| Q2 25 | $60.8M | $30.7M | ||
| Q1 25 | $43.2M | $31.4M | ||
| Q4 24 | $41.5M | $22.1M | ||
| Q3 24 | $53.5M | $35.8M | ||
| Q2 24 | $49.3M | $28.6M | ||
| Q1 24 | $51.2M | $22.2M |
| Q4 25 | — | $24.1M | ||
| Q3 25 | — | $33.1M | ||
| Q2 25 | — | $30.2M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | — | $21.5M | ||
| Q3 24 | — | $35.1M | ||
| Q2 24 | — | $28.2M | ||
| Q1 24 | — | $21.2M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 26.8% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 3.92× | 0.15× | ||
| Q3 25 | 1.71× | 3.55× | ||
| 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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
