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Side-by-side financial comparison of H2O AMERICA (HTO) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $199.4M, roughly 1.1× H2O AMERICA). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 8.1%, a 10.7% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 11.1%).
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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
HTO vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $212.2M |
| Net Profit | $16.2M | $39.9M |
| Gross Margin | — | 71.9% |
| Operating Margin | 16.6% | 18.6% |
| Net Margin | 8.1% | 18.8% |
| Revenue YoY | 1.5% | 8.6% |
| Net Profit YoY | -29.2% | 255.7% |
| EPS (diluted) | $0.45 | $0.62 |
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 | $212.2M | ||
| Q3 25 | $243.5M | $199.8M | ||
| Q2 25 | $197.8M | $194.8M | ||
| Q1 25 | $164.9M | $188.7M | ||
| Q4 24 | $196.5M | $195.4M | ||
| Q3 24 | $216.7M | $185.5M | ||
| Q2 24 | $173.1M | $176.0M | ||
| Q1 24 | $150.0M | $171.9M |
| Q4 25 | $16.2M | $39.9M | ||
| Q3 25 | $45.1M | $27.4M | ||
| Q2 25 | $24.7M | $7.7M | ||
| Q1 25 | $16.6M | $-6.3M | ||
| Q4 24 | $22.9M | $11.2M | ||
| Q3 24 | $38.7M | $1.7M | ||
| Q2 24 | $20.7M | $-7.5M | ||
| Q1 24 | $11.7M | $-5.4M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
| Q4 25 | 16.6% | 18.6% | ||
| Q3 25 | 26.5% | 10.7% | ||
| Q2 25 | 22.2% | 3.7% | ||
| Q1 25 | 21.8% | -6.1% | ||
| Q4 24 | 22.2% | 7.5% | ||
| Q3 24 | 26.9% | 4.0% | ||
| Q2 24 | 23.4% | -3.0% | ||
| Q1 24 | 18.6% | -8.3% |
| Q4 25 | 8.1% | 18.8% | ||
| Q3 25 | 18.5% | 13.7% | ||
| Q2 25 | 12.5% | 4.0% | ||
| Q1 25 | 10.0% | -3.3% | ||
| Q4 24 | 11.7% | 5.7% | ||
| Q3 24 | 17.8% | 0.9% | ||
| Q2 24 | 12.0% | -4.3% | ||
| Q1 24 | 7.8% | -3.1% |
| Q4 25 | $0.45 | $0.62 | ||
| Q3 25 | $1.27 | $0.42 | ||
| Q2 25 | $0.71 | $0.12 | ||
| Q1 25 | $0.49 | $-0.10 | ||
| Q4 24 | $0.70 | $0.17 | ||
| Q3 24 | $1.17 | $0.03 | ||
| Q2 24 | $0.64 | $-0.11 | ||
| 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 | $403.4M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $962.3M |
| Total Assets | $5.1B | $1.3B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $403.4M | ||
| Q3 25 | $11.3M | $376.9M | ||
| Q2 25 | $19.8M | $371.1M | ||
| Q1 25 | $23.7M | $420.8M | ||
| Q4 24 | $11.1M | $384.3M | ||
| Q3 24 | $4.0M | $348.4M | ||
| Q2 24 | $22.8M | $342.7M | ||
| Q1 24 | $4.5M | $368.9M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $962.3M | ||
| Q3 25 | $1.5B | $943.8M | ||
| Q2 25 | $1.5B | $947.8M | ||
| Q1 25 | $1.4B | $948.9M | ||
| Q4 24 | $1.4B | $957.7M | ||
| Q3 24 | $1.3B | $932.1M | ||
| Q2 24 | $1.3B | $951.9M | ||
| Q1 24 | $1.2B | $949.1M |
| Q4 25 | $5.1B | $1.3B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $4.8B | $1.2B | ||
| Q1 25 | $4.7B | $1.3B | ||
| Q4 24 | $4.7B | $1.3B | ||
| Q3 24 | $4.6B | $1.2B | ||
| Q2 24 | $4.4B | $1.2B | ||
| Q1 24 | $4.4B | $1.2B |
| 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | $57.4M | ||
| Q2 25 | $60.8M | $-15.8M | ||
| Q1 25 | $43.2M | — | ||
| Q4 24 | $41.5M | $45.1M | ||
| Q3 24 | $53.5M | $55.6M | ||
| Q2 24 | $49.3M | $-9.3M | ||
| Q1 24 | $51.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | — | $55.4M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | -8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | 2.09× | ||
| Q2 25 | 2.47× | -2.04× | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | 4.02× | ||
| Q3 24 | 1.39× | 32.10× | ||
| Q2 24 | 2.38× | — | ||
| Q1 24 | 4.38× | — |
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% |
RAMP
Segment breakdown not available.
