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Side-by-side financial comparison of H2O AMERICA (HTO) and Rimini Street, Inc. (RMNI). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $105.5M, roughly 1.9× Rimini Street, Inc.). H2O AMERICA runs the higher net margin — 8.1% vs 1.3%, a 6.8% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs 1.2%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 1.1%).
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.
Rimini Street, Inc. is a global provider of independent third-party support services for enterprise software products including Oracle and SAP platforms. It serves clients across multiple industries worldwide, delivering cost-effective support, maintenance, and consulting solutions that help businesses cut operational expenses while ensuring software performance and security.
HTO vs RMNI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $105.5M |
| Net Profit | $16.2M | $1.4M |
| Gross Margin | — | 59.0% |
| Operating Margin | 16.6% | 4.6% |
| Net Margin | 8.1% | 1.3% |
| Revenue YoY | 1.5% | 1.2% |
| Net Profit YoY | -29.2% | -59.4% |
| EPS (diluted) | $0.45 | $0.01 |
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 | — | $105.5M | ||
| Q4 25 | $199.4M | $109.8M | ||
| Q3 25 | $243.5M | $103.4M | ||
| Q2 25 | $197.8M | $104.1M | ||
| Q1 25 | $164.9M | $104.2M | ||
| Q4 24 | $196.5M | $114.2M | ||
| Q3 24 | $216.7M | $104.7M | ||
| Q2 24 | $173.1M | $103.1M |
| Q1 26 | — | $1.4M | ||
| Q4 25 | $16.2M | $724.0K | ||
| Q3 25 | $45.1M | $2.8M | ||
| Q2 25 | $24.7M | $30.3M | ||
| Q1 25 | $16.6M | $3.4M | ||
| Q4 24 | $22.9M | $6.7M | ||
| Q3 24 | $38.7M | $-43.1M | ||
| Q2 24 | $20.7M | $-1.1M |
| Q1 26 | — | 59.0% | ||
| Q4 25 | — | 60.4% | ||
| Q3 25 | — | 59.9% | ||
| Q2 25 | — | 60.4% | ||
| Q1 25 | — | 61.0% | ||
| Q4 24 | — | 63.7% | ||
| Q3 24 | — | 60.7% | ||
| Q2 24 | — | 59.1% |
| Q1 26 | — | 4.6% | ||
| Q4 25 | 16.6% | 4.5% | ||
| Q3 25 | 26.5% | 4.2% | ||
| Q2 25 | 22.2% | 39.6% | ||
| Q1 25 | 21.8% | 9.0% | ||
| Q4 24 | 22.2% | 13.0% | ||
| Q3 24 | 26.9% | -47.4% | ||
| Q2 24 | 23.4% | -0.8% |
| Q1 26 | — | 1.3% | ||
| Q4 25 | 8.1% | 0.7% | ||
| Q3 25 | 18.5% | 2.7% | ||
| Q2 25 | 12.5% | 29.1% | ||
| Q1 25 | 10.0% | 3.2% | ||
| Q4 24 | 11.7% | 5.8% | ||
| Q3 24 | 17.8% | -41.2% | ||
| Q2 24 | 12.0% | -1.1% |
| Q1 26 | — | $0.01 | ||
| Q4 25 | $0.45 | $0.00 | ||
| Q3 25 | $1.27 | $0.03 | ||
| Q2 25 | $0.71 | $0.32 | ||
| Q1 25 | $0.49 | $0.04 | ||
| Q4 24 | $0.70 | $0.07 | ||
| Q3 24 | $1.17 | $-0.47 | ||
| Q2 24 | $0.64 | $-0.01 |
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 | $132.2M |
| Total DebtLower is stronger | $1.9B | $56.4M |
| Stockholders' EquityBook value | $1.5B | — |
| Total Assets | $5.1B | $397.1M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $132.2M | ||
| Q4 25 | $20.7M | $120.0M | ||
| Q3 25 | $11.3M | $108.7M | ||
| Q2 25 | $19.8M | $101.3M | ||
| Q1 25 | $23.7M | $122.6M | ||
| Q4 24 | $11.1M | $88.8M | ||
| Q3 24 | $4.0M | $119.5M | ||
| Q2 24 | $22.8M | $134.2M |
| Q1 26 | — | $56.4M | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $-27.0M | ||
| Q3 25 | $1.5B | $-27.3M | ||
| Q2 25 | $1.5B | $-29.0M | ||
| Q1 25 | $1.4B | $-63.7M | ||
| Q4 24 | $1.4B | $-69.4M | ||
| Q3 24 | $1.3B | $-76.8M | ||
| Q2 24 | $1.3B | $-36.1M |
| Q1 26 | — | $397.1M | ||
| Q4 25 | $5.1B | $423.1M | ||
| Q3 25 | $5.0B | $352.9M | ||
| Q2 25 | $4.8B | $397.5M | ||
| Q1 25 | $4.7B | $343.0M | ||
| Q4 24 | $4.7B | $369.1M | ||
| Q3 24 | $4.6B | $343.8M | ||
| Q2 24 | $4.4B | $367.4M |
| Q1 26 | — | — | ||
| 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 | $19.6M | ||
| Q3 25 | $77.3M | $24.7M | ||
| Q2 25 | $60.8M | $-17.8M | ||
| Q1 25 | $43.2M | $33.7M | ||
| Q4 24 | $41.5M | $-37.7M | ||
| Q3 24 | $53.5M | $-18.5M | ||
| Q2 24 | $49.3M | $6.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $18.9M | ||
| Q3 25 | — | $23.5M | ||
| Q2 25 | — | $-19.5M | ||
| Q1 25 | — | $32.8M | ||
| Q4 24 | — | $-38.4M | ||
| Q3 24 | — | $-19.2M | ||
| Q2 24 | — | $5.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.2% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | — | -18.8% | ||
| Q1 25 | — | 31.5% | ||
| Q4 24 | — | -33.6% | ||
| Q3 24 | — | -18.3% | ||
| Q2 24 | — | 5.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.92× | 27.02× | ||
| Q3 25 | 1.71× | 8.94× | ||
| Q2 25 | 2.47× | -0.59× | ||
| Q1 25 | 2.61× | 10.06× | ||
| Q4 24 | 1.81× | -5.66× | ||
| Q3 24 | 1.39× | — | ||
| 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% |
RMNI
Segment breakdown not available.
