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Side-by-side financial comparison of H2O AMERICA (HTO) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $199.4M, roughly 1.3× H2O AMERICA). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 1.5%). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
HTO vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $253.4M |
| Net Profit | $16.2M | — |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 28.7% |
| Net Margin | 8.1% | — |
| Revenue YoY | 1.5% | 62.7% |
| Net Profit YoY | -29.2% | — |
| EPS (diluted) | $0.45 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $243.5M | $244.7M | ||
| Q2 25 | $197.8M | $203.3M | ||
| Q1 25 | $164.9M | $174.6M | ||
| Q4 24 | $196.5M | $155.8M | ||
| Q3 24 | $216.7M | $148.5M | ||
| Q2 24 | $173.1M | $131.1M | ||
| Q1 24 | $150.0M | $118.5M |
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $51.5M | ||
| Q2 25 | $24.7M | $46.5M | ||
| Q1 25 | $16.6M | $42.9M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $38.7M | $30.5M | ||
| Q2 24 | $20.7M | $25.7M | ||
| Q1 24 | $11.7M | $26.4M |
| Q4 25 | 16.6% | 28.7% | ||
| Q3 25 | 26.5% | 27.4% | ||
| Q2 25 | 22.2% | 29.5% | ||
| Q1 25 | 21.8% | 30.8% | ||
| Q4 24 | 22.2% | 28.9% | ||
| Q3 24 | 26.9% | 25.9% | ||
| Q2 24 | 23.4% | 25.5% | ||
| Q1 24 | 18.6% | 29.0% |
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | 21.0% | ||
| Q2 25 | 12.5% | 22.9% | ||
| Q1 25 | 10.0% | 24.6% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 17.8% | 20.5% | ||
| Q2 24 | 12.0% | 19.6% | ||
| Q1 24 | 7.8% | 22.3% |
| Q4 25 | $0.45 | $2.05 | ||
| Q3 25 | $1.27 | $1.87 | ||
| Q2 25 | $0.71 | $1.68 | ||
| Q1 25 | $0.49 | $1.57 | ||
| Q4 24 | $0.70 | $1.29 | ||
| Q3 24 | $1.17 | $1.15 | ||
| Q2 24 | $0.64 | $1.00 | ||
| Q1 24 | $0.36 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $942.7M |
| Total Assets | $5.1B | $3.1B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $106.9M | ||
| Q3 25 | $11.3M | $111.7M | ||
| Q2 25 | $19.8M | $81.3M | ||
| Q1 25 | $23.7M | $119.3M | ||
| Q4 24 | $11.1M | $80.4M | ||
| Q3 24 | $4.0M | $86.5M | ||
| Q2 24 | $22.8M | $47.8M | ||
| Q1 24 | $4.5M | $61.4M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $942.7M | ||
| Q3 25 | $1.5B | $878.1M | ||
| Q2 25 | $1.5B | $847.2M | ||
| Q1 25 | $1.4B | $790.4M | ||
| Q4 24 | $1.4B | $729.0M | ||
| Q3 24 | $1.3B | $703.3M | ||
| Q2 24 | $1.3B | $532.6M | ||
| Q1 24 | $1.2B | $501.7M |
| Q4 25 | $5.1B | $3.1B | ||
| Q3 25 | $5.0B | $2.9B | ||
| Q2 25 | $4.8B | $2.8B | ||
| Q1 25 | $4.7B | $2.4B | ||
| Q4 24 | $4.7B | $2.3B | ||
| Q3 24 | $4.6B | $2.3B | ||
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | — | $409.0M |
| FCF MarginFCF / Revenue | — | 161.4% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $409.1M | ||
| Q3 25 | $77.3M | $83.6M | ||
| Q2 25 | $60.8M | $120.9M | ||
| Q1 25 | $43.2M | $87.2M | ||
| Q4 24 | $41.5M | $261.2M | ||
| Q3 24 | $53.5M | $100.3M | ||
| Q2 24 | $49.3M | $55.1M | ||
| Q1 24 | $51.2M | $33.1M |
| Q4 25 | — | $409.0M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | — | $120.8M | ||
| Q1 25 | — | $87.1M | ||
| Q4 24 | — | $260.9M | ||
| Q3 24 | — | $100.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 161.4% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 59.4% | ||
| Q1 25 | — | 49.9% | ||
| Q4 24 | — | 167.5% | ||
| Q3 24 | — | 67.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | 1.63× | ||
| Q2 25 | 2.47× | 2.60× | ||
| Q1 25 | 2.61× | 2.03× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | 3.29× | ||
| Q2 24 | 2.38× | 2.14× | ||
| Q1 24 | 4.38× | 1.26× |
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% |
PLMR
Segment breakdown not available.
