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Side-by-side financial comparison of H2O AMERICA (HTO) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $168.3M, roughly 1.2× PARK NATIONAL CORP). PARK NATIONAL CORP runs the higher net margin — 25.3% vs 8.1%, a 17.2% gap on every dollar of revenue. On growth, PARK NATIONAL CORP posted the faster year-over-year revenue change (2.2% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 4.9%).
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.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
HTO vs PRK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $168.3M |
| Net Profit | $16.2M | $42.6M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | — |
| Net Margin | 8.1% | 25.3% |
| Revenue YoY | 1.5% | 2.2% |
| Net Profit YoY | -29.2% | 10.4% |
| EPS (diluted) | $0.45 | $2.62 |
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 | $168.3M | ||
| Q3 25 | $243.5M | $169.5M | ||
| Q2 25 | $197.8M | $168.7M | ||
| Q1 25 | $164.9M | $157.9M | ||
| Q4 24 | $196.5M | $164.7M | ||
| Q3 24 | $216.7M | $170.3M | ||
| Q2 24 | $173.1M | $157.7M | ||
| Q1 24 | $150.0M | $152.8M |
| Q4 25 | $16.2M | $42.6M | ||
| Q3 25 | $45.1M | $47.2M | ||
| Q2 25 | $24.7M | $48.1M | ||
| Q1 25 | $16.6M | $42.2M | ||
| Q4 24 | $22.9M | $38.6M | ||
| Q3 24 | $38.7M | $38.2M | ||
| Q2 24 | $20.7M | $39.4M | ||
| Q1 24 | $11.7M | $35.2M |
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | 34.3% | ||
| Q2 25 | 22.2% | 35.2% | ||
| Q1 25 | 21.8% | 32.4% | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 26.9% | 27.4% | ||
| Q2 24 | 23.4% | 30.6% | ||
| Q1 24 | 18.6% | 27.8% |
| Q4 25 | 8.1% | 25.3% | ||
| Q3 25 | 18.5% | 27.8% | ||
| Q2 25 | 12.5% | 28.5% | ||
| Q1 25 | 10.0% | 26.7% | ||
| Q4 24 | 11.7% | 23.5% | ||
| Q3 24 | 17.8% | 22.4% | ||
| Q2 24 | 12.0% | 25.0% | ||
| Q1 24 | 7.8% | 23.0% |
| Q4 25 | $0.45 | $2.62 | ||
| Q3 25 | $1.27 | $2.92 | ||
| Q2 25 | $0.71 | $2.97 | ||
| Q1 25 | $0.49 | $2.60 | ||
| Q4 24 | $0.70 | $2.38 | ||
| Q3 24 | $1.17 | $2.35 | ||
| Q2 24 | $0.64 | $2.42 | ||
| Q1 24 | $0.36 | $2.17 |
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 | $233.5M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $1.4B |
| Total Assets | $5.1B | $9.8B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $233.5M | ||
| Q3 25 | $11.3M | $218.9M | ||
| Q2 25 | $19.8M | $193.1M | ||
| Q1 25 | $23.7M | $237.6M | ||
| Q4 24 | $11.1M | $160.6M | ||
| Q3 24 | $4.0M | $201.7M | ||
| Q2 24 | $22.8M | $261.5M | ||
| Q1 24 | $4.5M | $306.1M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | $5.1B | $9.8B | ||
| Q3 25 | $5.0B | $9.9B | ||
| Q2 25 | $4.8B | $9.9B | ||
| Q1 25 | $4.7B | $9.9B | ||
| Q4 24 | $4.7B | $9.8B | ||
| Q3 24 | $4.6B | $9.9B | ||
| Q2 24 | $4.4B | $9.9B | ||
| Q1 24 | $4.4B | $9.9B |
| 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 | $198.3M |
| Free Cash FlowOCF − Capex | — | $191.9M |
| FCF MarginFCF / Revenue | — | 114.1% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | 3.92× | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $198.3M | ||
| Q3 25 | $77.3M | $52.6M | ||
| Q2 25 | $60.8M | $49.7M | ||
| Q1 25 | $43.2M | $37.9M | ||
| Q4 24 | $41.5M | $178.8M | ||
| Q3 24 | $53.5M | $43.8M | ||
| Q2 24 | $49.3M | $50.9M | ||
| Q1 24 | $51.2M | $35.0M |
| Q4 25 | — | $191.9M | ||
| Q3 25 | — | $51.1M | ||
| Q2 25 | — | $48.4M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | $169.7M | ||
| Q3 24 | — | $41.7M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $31.9M |
| Q4 25 | — | 114.1% | ||
| Q3 25 | — | 30.1% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 23.3% | ||
| Q4 24 | — | 103.0% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 31.1% | ||
| Q1 24 | — | 20.8% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | 3.92× | 4.65× | ||
| Q3 25 | 1.71× | 1.11× | ||
| Q2 25 | 2.47× | 1.03× | ||
| Q1 25 | 2.61× | 0.90× | ||
| Q4 24 | 1.81× | 4.63× | ||
| Q3 24 | 1.39× | 1.14× | ||
| Q2 24 | 2.38× | 1.29× | ||
| Q1 24 | 4.38× | 0.99× |
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% |
PRK
Segment breakdown not available.
