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Side-by-side financial comparison of H2O AMERICA (HTO) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $199.4M, roughly 1.7× H2O AMERICA). PRA GROUP INC runs the higher net margin — 17.0% vs 8.1%, a 8.8% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 14.2%).
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.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
HTO vs PRAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $333.4M |
| Net Profit | $16.2M | $56.5M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 37.7% |
| Net Margin | 8.1% | 17.0% |
| Revenue YoY | 1.5% | 13.7% |
| Net Profit YoY | -29.2% | 206.3% |
| EPS (diluted) | $0.45 | $1.47 |
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 | $333.4M | ||
| Q3 25 | $243.5M | $311.1M | ||
| Q2 25 | $197.8M | $287.7M | ||
| Q1 25 | $164.9M | $269.6M | ||
| Q4 24 | $196.5M | $293.2M | ||
| Q3 24 | $216.7M | $281.5M | ||
| Q2 24 | $173.1M | $284.2M | ||
| Q1 24 | $150.0M | $255.6M |
| Q4 25 | $16.2M | $56.5M | ||
| Q3 25 | $45.1M | $-407.7M | ||
| Q2 25 | $24.7M | $42.4M | ||
| Q1 25 | $16.6M | $3.7M | ||
| Q4 24 | $22.9M | $18.5M | ||
| Q3 24 | $38.7M | $27.2M | ||
| Q2 24 | $20.7M | $21.5M | ||
| Q1 24 | $11.7M | $3.5M |
| Q4 25 | 16.6% | 37.7% | ||
| Q3 25 | 26.5% | -101.4% | ||
| Q2 25 | 22.2% | 29.6% | ||
| Q1 25 | 21.8% | 27.7% | ||
| Q4 24 | 22.2% | 32.1% | ||
| Q3 24 | 26.9% | 32.0% | ||
| Q2 24 | 23.4% | 31.4% | ||
| Q1 24 | 18.6% | 26.0% |
| Q4 25 | 8.1% | 17.0% | ||
| Q3 25 | 18.5% | -131.0% | ||
| Q2 25 | 12.5% | 14.7% | ||
| Q1 25 | 10.0% | 1.4% | ||
| Q4 24 | 11.7% | 6.3% | ||
| Q3 24 | 17.8% | 9.6% | ||
| Q2 24 | 12.0% | 7.6% | ||
| Q1 24 | 7.8% | 1.4% |
| Q4 25 | $0.45 | $1.47 | ||
| Q3 25 | $1.27 | $-10.43 | ||
| Q2 25 | $0.71 | $1.08 | ||
| Q1 25 | $0.49 | $0.09 | ||
| Q4 24 | $0.70 | $0.47 | ||
| Q3 24 | $1.17 | $0.69 | ||
| Q2 24 | $0.64 | $0.54 | ||
| Q1 24 | $0.36 | $0.09 |
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 | $104.4M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $979.9M |
| Total Assets | $5.1B | $5.1B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $104.4M | ||
| Q3 25 | $11.3M | $107.5M | ||
| Q2 25 | $19.8M | $131.6M | ||
| Q1 25 | $23.7M | $128.7M | ||
| Q4 24 | $11.1M | $105.9M | ||
| Q3 24 | $4.0M | $141.1M | ||
| Q2 24 | $22.8M | $118.9M | ||
| Q1 24 | $4.5M | $108.1M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $979.9M | ||
| Q3 25 | $1.5B | $928.5M | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
| Q4 25 | $5.1B | $5.1B | ||
| Q3 25 | $5.0B | $5.0B | ||
| Q2 25 | $4.8B | $5.4B | ||
| Q1 25 | $4.7B | $5.1B | ||
| Q4 24 | $4.7B | $4.9B | ||
| Q3 24 | $4.6B | $4.9B | ||
| Q2 24 | $4.4B | $4.7B | ||
| Q1 24 | $4.4B | $4.5B |
| 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 | $-85.5M |
| Free Cash FlowOCF − Capex | — | $-90.4M |
| FCF MarginFCF / Revenue | — | -27.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 3.92× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $-85.5M | ||
| Q3 25 | $77.3M | $-10.1M | ||
| Q2 25 | $60.8M | $-12.9M | ||
| Q1 25 | $43.2M | $-52.6M | ||
| Q4 24 | $41.5M | $-94.6M | ||
| Q3 24 | $53.5M | $-35.0M | ||
| Q2 24 | $49.3M | $-29.5M | ||
| Q1 24 | $51.2M | $-73.0M |
| Q4 25 | — | $-90.4M | ||
| Q3 25 | — | $-11.3M | ||
| Q2 25 | — | $-14.2M | ||
| Q1 25 | — | $-53.5M | ||
| Q4 24 | — | $-98.6M | ||
| Q3 24 | — | $-36.1M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | — | $-73.5M |
| Q4 25 | — | -27.1% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | -33.6% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -10.8% | ||
| Q1 24 | — | -28.8% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 3.92× | -1.51× | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | -0.30× | ||
| Q1 25 | 2.61× | -14.37× | ||
| Q4 24 | 1.81× | -5.13× | ||
| Q3 24 | 1.39× | -1.29× | ||
| Q2 24 | 2.38× | -1.37× | ||
| Q1 24 | 4.38× | -21.01× |
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% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
