vs
Side-by-side financial comparison of H2O AMERICA (HTO) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
Perion Network Ltd. is the larger business by last-quarter revenue ($368.7M vs $199.4M, roughly 1.8× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 2.1%, a 6.1% gap on every dollar of revenue. Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% 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.
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
HTO vs PERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $368.7M |
| Net Profit | $16.2M | $7.7M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 2.0% |
| Net Margin | 8.1% | 2.1% |
| Revenue YoY | 1.5% | — |
| Net Profit YoY | -29.2% | — |
| EPS (diluted) | $0.45 | — |
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 | — | ||
| Q3 25 | $243.5M | $368.7M | ||
| Q2 25 | $197.8M | $266.5M | ||
| Q1 25 | $164.9M | $157.8M | ||
| Q4 24 | $196.5M | — | ||
| Q3 24 | $216.7M | $508.9M | ||
| Q2 24 | $173.1M | $323.6M | ||
| Q1 24 | $150.0M | $145.2M |
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $7.7M | ||
| Q2 25 | $24.7M | $5.6M | ||
| Q1 25 | $16.6M | $11.8M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $38.7M | $78.0M | ||
| Q2 24 | $20.7M | $45.2M | ||
| Q1 24 | $11.7M | $23.8M |
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | 2.0% | ||
| Q2 25 | 22.2% | -1.7% | ||
| Q1 25 | 21.8% | 5.4% | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 26.9% | 15.1% | ||
| Q2 24 | 23.4% | 13.7% | ||
| Q1 24 | 18.6% | 16.9% |
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | 2.1% | ||
| Q2 25 | 12.5% | 2.1% | ||
| Q1 25 | 10.0% | 7.5% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 17.8% | 15.3% | ||
| Q2 24 | 12.0% | 14.0% | ||
| Q1 24 | 7.8% | 16.4% |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $1.17 | — | ||
| Q2 24 | $0.64 | — | ||
| Q1 24 | $0.36 | — |
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 | $156.2M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $722.9M |
| Total Assets | $5.1B | $915.5M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | $156.2M | ||
| Q2 25 | $19.8M | $156.2M | ||
| Q1 25 | $23.7M | $156.2M | ||
| Q4 24 | $11.1M | — | ||
| Q3 24 | $4.0M | $187.6M | ||
| Q2 24 | $22.8M | $187.6M | ||
| Q1 24 | $4.5M | $187.6M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $722.9M | ||
| Q2 25 | $1.5B | $722.9M | ||
| Q1 25 | $1.4B | $722.9M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $718.1M | ||
| Q2 24 | $1.3B | $718.1M | ||
| Q1 24 | $1.2B | $718.1M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $915.5M | ||
| Q2 25 | $4.8B | $915.5M | ||
| Q1 25 | $4.7B | $915.5M | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.6B | $1.1B | ||
| Q2 24 | $4.4B | $1.1B | ||
| Q1 24 | $4.4B | $1.1B |
| 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 | $2.6M |
| Free Cash FlowOCF − Capex | — | $-2.9M |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 3.92× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | $2.6M | ||
| Q2 25 | $60.8M | — | ||
| Q1 25 | $43.2M | — | ||
| Q4 24 | $41.5M | — | ||
| Q3 24 | $53.5M | $105.2M | ||
| Q2 24 | $49.3M | — | ||
| Q1 24 | $51.2M | $17.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $17.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 12.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | 0.34× | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | 1.35× | ||
| Q2 24 | 2.38× | — | ||
| Q1 24 | 4.38× | 0.75× |
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% |
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
