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Side-by-side financial comparison of H2O AMERICA (HTO) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
RADIANT LOGISTICS, INC is the larger business by last-quarter revenue ($232.1M vs $199.4M, roughly 1.2× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 2.3%, a 5.8% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -12.3%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 12.1%).
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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
HTO vs RLGT — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $232.1M |
| Net Profit | $16.2M | $5.3M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 3.2% |
| Net Margin | 8.1% | 2.3% |
| Revenue YoY | 1.5% | -12.3% |
| Net Profit YoY | -29.2% | -18.0% |
| EPS (diluted) | $0.45 | $0.11 |
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 | $232.1M | ||
| Q3 25 | $243.5M | $226.7M | ||
| Q2 25 | $197.8M | $220.6M | ||
| Q1 25 | $164.9M | $214.0M | ||
| Q4 24 | $196.5M | $264.5M | ||
| Q3 24 | $216.7M | $203.6M | ||
| Q2 24 | $173.1M | $206.0M | ||
| Q1 24 | $150.0M | $184.6M |
| Q4 25 | $16.2M | $5.3M | ||
| Q3 25 | $45.1M | $1.3M | ||
| Q2 25 | $24.7M | $4.9M | ||
| Q1 25 | $16.6M | $2.5M | ||
| Q4 24 | $22.9M | $6.5M | ||
| Q3 24 | $38.7M | $3.4M | ||
| Q2 24 | $20.7M | $4.8M | ||
| Q1 24 | $11.7M | $-703.0K |
| Q4 25 | 16.6% | 3.2% | ||
| Q3 25 | 26.5% | 0.9% | ||
| Q2 25 | 22.2% | 2.4% | ||
| Q1 25 | 21.8% | 1.6% | ||
| Q4 24 | 22.2% | 3.3% | ||
| Q3 24 | 26.9% | 1.9% | ||
| Q2 24 | 23.4% | 2.4% | ||
| Q1 24 | 18.6% | -0.5% |
| Q4 25 | 8.1% | 2.3% | ||
| Q3 25 | 18.5% | 0.6% | ||
| Q2 25 | 12.5% | 2.2% | ||
| Q1 25 | 10.0% | 1.2% | ||
| Q4 24 | 11.7% | 2.4% | ||
| Q3 24 | 17.8% | 1.7% | ||
| Q2 24 | 12.0% | 2.3% | ||
| Q1 24 | 7.8% | -0.4% |
| Q4 25 | $0.45 | $0.11 | ||
| Q3 25 | $1.27 | $0.03 | ||
| Q2 25 | $0.71 | $0.10 | ||
| Q1 25 | $0.49 | $0.05 | ||
| Q4 24 | $0.70 | $0.13 | ||
| Q3 24 | $1.17 | $0.07 | ||
| Q2 24 | $0.64 | $0.11 | ||
| Q1 24 | $0.36 | $-0.02 |
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 | $31.9M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $229.8M |
| Total Assets | $5.1B | $439.4M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $31.9M | ||
| Q3 25 | $11.3M | $28.1M | ||
| Q2 25 | $19.8M | $22.9M | ||
| Q1 25 | $23.7M | $19.0M | ||
| Q4 24 | $11.1M | $19.9M | ||
| Q3 24 | $4.0M | $10.4M | ||
| Q2 24 | $22.8M | $24.9M | ||
| Q1 24 | $4.5M | $31.2M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $229.8M | ||
| Q3 25 | $1.5B | $225.7M | ||
| Q2 25 | $1.5B | $226.0M | ||
| Q1 25 | $1.4B | $218.2M | ||
| Q4 24 | $1.4B | $214.4M | ||
| Q3 24 | $1.3B | $212.4M | ||
| Q2 24 | $1.3B | $209.4M | ||
| Q1 24 | $1.2B | $206.0M |
| Q4 25 | $5.1B | $439.4M | ||
| Q3 25 | $5.0B | $445.3M | ||
| Q2 25 | $4.8B | $426.8M | ||
| Q1 25 | $4.7B | $414.5M | ||
| Q4 24 | $4.7B | $386.8M | ||
| Q3 24 | $4.6B | $375.3M | ||
| Q2 24 | $4.4B | $371.2M | ||
| Q1 24 | $4.4B | $364.0M |
| 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 | $12.4M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 5.0% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 3.92× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $12.4M | ||
| Q3 25 | $77.3M | $2.5M | ||
| Q2 25 | $60.8M | $3.1M | ||
| Q1 25 | $43.2M | $-5.7M | ||
| Q4 24 | $41.5M | $15.7M | ||
| Q3 24 | $53.5M | $205.0K | ||
| Q2 24 | $49.3M | $1.3M | ||
| Q1 24 | $51.2M | $3.9M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $977.0K | ||
| Q2 25 | — | $2.2M | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $-1.9M | ||
| Q2 24 | — | $-185.0K | ||
| Q1 24 | — | $1.8M |
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 3.92× | 2.33× | ||
| Q3 25 | 1.71× | 1.90× | ||
| Q2 25 | 2.47× | 0.63× | ||
| Q1 25 | 2.61× | -2.26× | ||
| Q4 24 | 1.81× | 2.43× | ||
| Q3 24 | 1.39× | 0.06× | ||
| Q2 24 | 2.38× | 0.26× | ||
| 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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
