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Side-by-side financial comparison of H2O AMERICA (HTO) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $121.1M, roughly 1.6× Porch Group, Inc.). H2O AMERICA runs the higher net margin — 8.1% vs -3.9%, a 12.0% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs 1.5%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% 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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
HTO vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $121.1M |
| Net Profit | $16.2M | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | 16.6% | 34.7% |
| Net Margin | 8.1% | -3.9% |
| Revenue YoY | 1.5% | 100.0% |
| Net Profit YoY | -29.2% | 2.0% |
| EPS (diluted) | $0.45 | $-0.04 |
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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | $199.4M | $112.3M | ||
| Q3 25 | $243.5M | $115.1M | ||
| Q2 25 | $197.8M | $107.0M | ||
| Q1 25 | $164.9M | $84.5M | ||
| Q4 24 | $196.5M | $75.3M | ||
| Q3 24 | $216.7M | $77.7M | ||
| Q2 24 | $173.1M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $16.2M | $-3.5M | ||
| Q3 25 | $45.1M | $-10.9M | ||
| Q2 25 | $24.7M | $2.6M | ||
| Q1 25 | $16.6M | $8.4M | ||
| Q4 24 | $22.9M | $30.5M | ||
| Q3 24 | $38.7M | $14.4M | ||
| Q2 24 | $20.7M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | 16.6% | 14.7% | ||
| Q3 25 | 26.5% | 14.2% | ||
| Q2 25 | 22.2% | 4.7% | ||
| Q1 25 | 21.8% | -1.5% | ||
| Q4 24 | 22.2% | 33.3% | ||
| Q3 24 | 26.9% | -3.2% | ||
| Q2 24 | 23.4% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | 8.1% | -3.1% | ||
| Q3 25 | 18.5% | -9.4% | ||
| Q2 25 | 12.5% | 2.4% | ||
| Q1 25 | 10.0% | 9.9% | ||
| Q4 24 | 11.7% | 40.5% | ||
| Q3 24 | 17.8% | 18.5% | ||
| Q2 24 | 12.0% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $0.45 | $0.00 | ||
| Q3 25 | $1.27 | $-0.10 | ||
| Q2 25 | $0.71 | $0.00 | ||
| Q1 25 | $0.49 | $0.07 | ||
| Q4 24 | $0.70 | $0.34 | ||
| Q3 24 | $1.17 | $0.12 | ||
| Q2 24 | $0.64 | $-0.65 |
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 | $68.4M |
| Total DebtLower is stronger | $1.9B | $391.3M |
| Stockholders' EquityBook value | $1.5B | $26.3M |
| Total Assets | $5.1B | $806.6M |
| Debt / EquityLower = less leverage | 1.23× | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $20.7M | $57.3M | ||
| Q3 25 | $11.3M | $85.0M | ||
| Q2 25 | $19.8M | $79.8M | ||
| Q1 25 | $23.7M | $70.4M | ||
| Q4 24 | $11.1M | $191.7M | ||
| Q3 24 | $4.0M | $238.6M | ||
| Q2 24 | $22.8M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | $1.9B | $392.8M | ||
| Q3 25 | — | $387.1M | ||
| Q2 25 | — | $394.1M | ||
| Q1 25 | — | $409.2M | ||
| Q4 24 | $1.7B | $403.9M | ||
| Q3 24 | — | $399.0M | ||
| Q2 24 | — | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $1.5B | $-24.6M | ||
| Q3 25 | $1.5B | $-27.9M | ||
| Q2 25 | $1.5B | $-29.3M | ||
| Q1 25 | $1.4B | $-52.4M | ||
| Q4 24 | $1.4B | $-43.2M | ||
| Q3 24 | $1.3B | $-77.0M | ||
| Q2 24 | $1.3B | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $5.1B | $797.4M | ||
| Q3 25 | $5.0B | $787.7M | ||
| Q2 25 | $4.8B | $770.7M | ||
| Q1 25 | $4.7B | $802.3M | ||
| Q4 24 | $4.7B | $814.0M | ||
| Q3 24 | $4.6B | $867.3M | ||
| Q2 24 | $4.4B | $876.1M |
| Q1 26 | — | 14.87× | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.5M | $1.2M | ||
| Q3 25 | $77.3M | $40.8M | ||
| Q2 25 | $60.8M | $35.6M | ||
| Q1 25 | $43.2M | $-11.2M | ||
| Q4 24 | $41.5M | $-26.6M | ||
| Q3 24 | $53.5M | $12.4M | ||
| Q2 24 | $49.3M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1M | ||
| Q3 25 | — | $40.7M | ||
| Q2 25 | — | $35.4M | ||
| Q1 25 | — | $-11.2M | ||
| Q4 24 | — | $-26.8M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | -13.3% | ||
| Q4 24 | — | -35.6% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | 13.79× | ||
| Q1 25 | 2.61× | -1.33× | ||
| Q4 24 | 1.81× | -0.87× | ||
| Q3 24 | 1.39× | 0.86× | ||
| Q2 24 | 2.38× | — |
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% |
PRCH
Segment breakdown not available.
