vs
Side-by-side financial comparison of H2O AMERICA (HTO) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $199.4M, roughly 1.9× H2O AMERICA). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 8.1%, a 3.1% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 1.5%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
HTO vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $385.6M |
| Net Profit | $16.2M | $43.2M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 14.2% |
| Net Margin | 8.1% | 11.2% |
| Revenue YoY | 1.5% | 26.7% |
| Net Profit YoY | -29.2% | 200.1% |
| EPS (diluted) | $0.45 | $1.03 |
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 | $385.6M | ||
| Q3 25 | $243.5M | $382.5M | ||
| Q2 25 | $197.8M | $319.9M | ||
| Q1 25 | $164.9M | $328.5M | ||
| Q4 24 | $196.5M | $304.4M | ||
| Q3 24 | $216.7M | $300.9M | ||
| Q2 24 | $173.1M | $279.9M | ||
| Q1 24 | $150.0M | $265.0M |
| Q4 25 | $16.2M | $43.2M | ||
| Q3 25 | $45.1M | $45.9M | ||
| Q2 25 | $24.7M | $38.8M | ||
| Q1 25 | $16.6M | $42.1M | ||
| Q4 24 | $22.9M | $14.4M | ||
| Q3 24 | $38.7M | $36.7M | ||
| Q2 24 | $20.7M | $31.0M | ||
| Q1 24 | $11.7M | $36.8M |
| Q4 25 | 16.6% | 14.2% | ||
| Q3 25 | 26.5% | 15.8% | ||
| Q2 25 | 22.2% | 15.6% | ||
| Q1 25 | 21.8% | 15.7% | ||
| Q4 24 | 22.2% | 6.1% | ||
| Q3 24 | 26.9% | 15.6% | ||
| Q2 24 | 23.4% | 14.4% | ||
| Q1 24 | 18.6% | 17.7% |
| Q4 25 | 8.1% | 11.2% | ||
| Q3 25 | 18.5% | 12.0% | ||
| Q2 25 | 12.5% | 12.1% | ||
| Q1 25 | 10.0% | 12.8% | ||
| Q4 24 | 11.7% | 4.7% | ||
| Q3 24 | 17.8% | 12.2% | ||
| Q2 24 | 12.0% | 11.1% | ||
| Q1 24 | 7.8% | 13.9% |
| Q4 25 | $0.45 | $1.03 | ||
| Q3 25 | $1.27 | $1.10 | ||
| Q2 25 | $0.71 | $0.93 | ||
| Q1 25 | $0.49 | $1.01 | ||
| Q4 24 | $0.70 | $0.33 | ||
| Q3 24 | $1.17 | $0.89 | ||
| Q2 24 | $0.64 | $0.75 | ||
| Q1 24 | $0.36 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $1.0B |
| Total Assets | $5.1B | $4.8B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $168.5M | ||
| Q3 25 | $11.3M | $160.1M | ||
| Q2 25 | $19.8M | $136.6M | ||
| Q1 25 | $23.7M | $112.9M | ||
| Q4 24 | $11.1M | $121.6M | ||
| Q3 24 | $4.0M | $105.6M | ||
| Q2 24 | $22.8M | $73.0M | ||
| Q1 24 | $4.5M | $85.1M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.5B | $961.4M | ||
| Q2 25 | $1.5B | $899.9M | ||
| Q1 25 | $1.4B | $850.7M | ||
| Q4 24 | $1.4B | $794.0M | ||
| Q3 24 | $1.3B | $797.5M | ||
| Q2 24 | $1.3B | $723.6M | ||
| Q1 24 | $1.2B | $692.3M |
| Q4 25 | $5.1B | $4.8B | ||
| Q3 25 | $5.0B | $4.6B | ||
| Q2 25 | $4.8B | $4.3B | ||
| Q1 25 | $4.7B | $4.0B | ||
| Q4 24 | $4.7B | $3.7B | ||
| Q3 24 | $4.6B | $3.6B | ||
| Q2 24 | $4.4B | $3.4B | ||
| Q1 24 | $4.4B | $3.2B |
| 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 | $408.1M |
| Free Cash FlowOCF − Capex | — | $402.6M |
| FCF MarginFCF / Revenue | — | 104.4% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 3.92× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $408.1M | ||
| Q3 25 | $77.3M | $171.4M | ||
| Q2 25 | $60.8M | $88.2M | ||
| Q1 25 | $43.2M | $96.8M | ||
| Q4 24 | $41.5M | $305.1M | ||
| Q3 24 | $53.5M | $168.0M | ||
| Q2 24 | $49.3M | $21.0M | ||
| Q1 24 | $51.2M | $94.3M |
| Q4 25 | — | $402.6M | ||
| Q3 25 | — | $168.9M | ||
| Q2 25 | — | $87.1M | ||
| Q1 25 | — | $96.6M | ||
| Q4 24 | — | $300.9M | ||
| Q3 24 | — | $167.6M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | — | $94.0M |
| Q4 25 | — | 104.4% | ||
| Q3 25 | — | 44.2% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 35.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 3.92× | 9.44× | ||
| Q3 25 | 1.71× | 3.73× | ||
| Q2 25 | 2.47× | 2.27× | ||
| Q1 25 | 2.61× | 2.30× | ||
| Q4 24 | 1.81× | 21.18× | ||
| Q3 24 | 1.39× | 4.58× | ||
| Q2 24 | 2.38× | 0.68× | ||
| Q1 24 | 4.38× | 2.56× |
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% |
SKWD
Segment breakdown not available.
