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Side-by-side financial comparison of H2O AMERICA (HTO) and TRIMAS CORP (TRS). Click either name above to swap in a different company.
TRIMAS CORP is the larger business by last-quarter revenue ($256.5M vs $199.4M, roughly 1.3× H2O AMERICA). TRIMAS CORP runs the higher net margin — 31.9% vs 8.1%, a 23.7% gap on every dollar of revenue. On growth, TRIMAS CORP posted the faster year-over-year revenue change (3.8% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 3.3%).
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.
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
HTO vs TRS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $256.5M |
| Net Profit | $16.2M | $81.7M |
| Gross Margin | — | 12.8% |
| Operating Margin | 16.6% | 5.7% |
| Net Margin | 8.1% | 31.9% |
| Revenue YoY | 1.5% | 3.8% |
| Net Profit YoY | -29.2% | 236.9% |
| EPS (diluted) | $0.45 | $2.03 |
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.
| Q1 26 | — | $256.5M | ||
| Q4 25 | $199.4M | $-140.0M | ||
| Q3 25 | $243.5M | $269.3M | ||
| Q2 25 | $197.8M | $274.8M | ||
| Q1 25 | $164.9M | $241.7M | ||
| Q4 24 | $196.5M | $-66.2M | ||
| Q3 24 | $216.7M | $229.4M | ||
| Q2 24 | $173.1M | $240.5M |
| Q1 26 | — | $81.7M | ||
| Q4 25 | $16.2M | $81.7M | ||
| Q3 25 | $45.1M | $9.3M | ||
| Q2 25 | $24.7M | $16.7M | ||
| Q1 25 | $16.6M | $12.4M | ||
| Q4 24 | $22.9M | $5.6M | ||
| Q3 24 | $38.7M | $2.5M | ||
| Q2 24 | $20.7M | $10.9M |
| Q1 26 | — | 12.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 13.8% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | — | 14.4% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | 6.2% | ||
| Q2 25 | 22.2% | 9.9% | ||
| Q1 25 | 21.8% | 9.0% | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 26.9% | 3.6% | ||
| Q2 24 | 23.4% | 7.4% |
| Q1 26 | — | 31.9% | ||
| Q4 25 | 8.1% | -58.4% | ||
| Q3 25 | 18.5% | 3.5% | ||
| Q2 25 | 12.5% | 6.1% | ||
| Q1 25 | 10.0% | 5.1% | ||
| Q4 24 | 11.7% | -8.5% | ||
| Q3 24 | 17.8% | 1.1% | ||
| Q2 24 | 12.0% | 4.5% |
| Q1 26 | — | $2.03 | ||
| Q4 25 | $0.45 | $2.01 | ||
| Q3 25 | $1.27 | $0.23 | ||
| Q2 25 | $0.71 | $0.41 | ||
| Q1 25 | $0.49 | $0.30 | ||
| Q4 24 | $0.70 | $0.14 | ||
| Q3 24 | $1.17 | $0.06 | ||
| Q2 24 | $0.64 | $0.27 |
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 | $30.0M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $705.6M |
| Total Assets | $5.1B | $1.5B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $30.0M | ||
| Q4 25 | $20.7M | $30.0M | ||
| Q3 25 | $11.3M | $33.6M | ||
| Q2 25 | $19.8M | $30.3M | ||
| Q1 25 | $23.7M | $32.7M | ||
| Q4 24 | $11.1M | $23.1M | ||
| Q3 24 | $4.0M | $26.9M | ||
| Q2 24 | $22.8M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $469.2M | ||
| Q3 25 | — | $407.1M | ||
| Q2 25 | — | $424.5M | ||
| Q1 25 | — | $434.2M | ||
| Q4 24 | $1.7B | $398.1M | ||
| Q3 24 | — | $409.9M | ||
| Q2 24 | — | $427.4M |
| Q1 26 | — | $705.6M | ||
| Q4 25 | $1.5B | $705.6M | ||
| Q3 25 | $1.5B | $725.0M | ||
| Q2 25 | $1.5B | $715.3M | ||
| Q1 25 | $1.4B | $686.6M | ||
| Q4 24 | $1.4B | $667.3M | ||
| Q3 24 | $1.3B | $682.8M | ||
| Q2 24 | $1.3B | $675.9M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $4.8B | $1.4B | ||
| Q1 25 | $4.7B | $1.4B | ||
| Q4 24 | $4.7B | $1.3B | ||
| Q3 24 | $4.6B | $1.4B | ||
| Q2 24 | $4.4B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 0.66× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | 1.26× | 0.60× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.63× |
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 | $117.5M |
| Free Cash FlowOCF − Capex | — | $36.8M |
| FCF MarginFCF / Revenue | — | 14.4% |
| Capex IntensityCapex / Revenue | — | 18.9% |
| Cash ConversionOCF / Net Profit | 3.92× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $109.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $117.5M | ||
| Q4 25 | $63.5M | $41.5M | ||
| Q3 25 | $77.3M | $36.5M | ||
| Q2 25 | $60.8M | $30.3M | ||
| Q1 25 | $43.2M | $9.2M | ||
| Q4 24 | $41.5M | $27.1M | ||
| Q3 24 | $53.5M | $22.0M | ||
| Q2 24 | $49.3M | $18.4M |
| Q1 26 | — | $36.8M | ||
| Q4 25 | — | $36.8M | ||
| Q3 25 | — | $22.8M | ||
| Q2 25 | — | $13.2M | ||
| Q1 25 | — | $-3.8M | ||
| Q4 24 | — | $12.1M | ||
| Q3 24 | — | $10.2M | ||
| Q2 24 | — | $7.5M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | — | -26.3% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | -18.3% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 3.1% |
| Q1 26 | — | 18.9% | ||
| Q4 25 | — | -3.4% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | -22.6% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 4.5% |
| Q1 26 | — | 1.44× | ||
| Q4 25 | 3.92× | 0.51× | ||
| Q3 25 | 1.71× | 3.92× | ||
| Q2 25 | 2.47× | 1.81× | ||
| Q1 25 | 2.61× | 0.74× | ||
| Q4 24 | 1.81× | 4.80× | ||
| Q3 24 | 1.39× | 8.71× | ||
| Q2 24 | 2.38× | 1.68× |
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% |
TRS
Segment breakdown not available.
