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Side-by-side financial comparison of H2O AMERICA (HTO) and UNITED BANKSHARES INC (UBSI). Click either name above to swap in a different company.
UNITED BANKSHARES INC is the larger business by last-quarter revenue ($318.4M vs $199.4M, roughly 1.6× H2O AMERICA). UNITED BANKSHARES INC runs the higher net margin — 40.5% vs 8.1%, a 32.3% gap on every dollar of revenue. On growth, UNITED BANKSHARES INC posted the faster year-over-year revenue change (21.6% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 11.8%).
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.
United Bankshares Inc. (WV) is a regional financial holding company operating mainly across the Mid-Atlantic and Southeastern United States. It provides full-spectrum banking solutions including consumer and commercial lending, deposit products, wealth management, and mortgage services for individual, small business and corporate clients.
HTO vs UBSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $318.4M |
| Net Profit | $16.2M | $128.8M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 50.2% |
| Net Margin | 8.1% | 40.5% |
| Revenue YoY | 1.5% | 21.6% |
| Net Profit YoY | -29.2% | 36.5% |
| EPS (diluted) | $0.45 | $0.91 |
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 | $318.4M | ||
| Q3 25 | $243.5M | $323.3M | ||
| Q2 25 | $197.8M | $306.0M | ||
| Q1 25 | $164.9M | $289.6M | ||
| Q4 24 | $196.5M | $261.9M | ||
| Q3 24 | $216.7M | $262.2M | ||
| Q2 24 | $173.1M | $255.9M | ||
| Q1 24 | $150.0M | $254.7M |
| Q4 25 | $16.2M | $128.8M | ||
| Q3 25 | $45.1M | $130.7M | ||
| Q2 25 | $24.7M | $120.7M | ||
| Q1 25 | $16.6M | $84.3M | ||
| Q4 24 | $22.9M | $94.4M | ||
| Q3 24 | $38.7M | $95.3M | ||
| Q2 24 | $20.7M | $96.5M | ||
| Q1 24 | $11.7M | $86.8M |
| Q4 25 | 16.6% | 50.2% | ||
| Q3 25 | 26.5% | 50.9% | ||
| Q2 25 | 22.2% | 49.7% | ||
| Q1 25 | 21.8% | 36.9% | ||
| Q4 24 | 22.2% | 46.2% | ||
| Q3 24 | 26.9% | 45.7% | ||
| Q2 24 | 23.4% | 45.1% | ||
| Q1 24 | 18.6% | 42.5% |
| Q4 25 | 8.1% | 40.5% | ||
| Q3 25 | 18.5% | 40.4% | ||
| Q2 25 | 12.5% | 39.5% | ||
| Q1 25 | 10.0% | 29.1% | ||
| Q4 24 | 11.7% | 36.0% | ||
| Q3 24 | 17.8% | 36.3% | ||
| Q2 24 | 12.0% | 37.7% | ||
| Q1 24 | 7.8% | 34.1% |
| Q4 25 | $0.45 | $0.91 | ||
| Q3 25 | $1.27 | $0.92 | ||
| Q2 25 | $0.71 | $0.85 | ||
| Q1 25 | $0.49 | $0.59 | ||
| Q4 24 | $0.70 | $0.70 | ||
| Q3 24 | $1.17 | $0.70 | ||
| Q2 24 | $0.64 | $0.71 | ||
| Q1 24 | $0.36 | $0.64 |
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 | — |
| Total DebtLower is stronger | $1.9B | $531.8M |
| Stockholders' EquityBook value | $1.5B | $5.5B |
| Total Assets | $5.1B | $33.7B |
| Debt / EquityLower = less leverage | 1.23× | 0.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | — | ||
| Q2 25 | $19.8M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $11.1M | — | ||
| Q3 24 | $4.0M | — | ||
| Q2 24 | $22.8M | — | ||
| Q1 24 | $4.5M | — |
| Q4 25 | $1.9B | $531.8M | ||
| Q3 25 | — | $250.0M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $250.0M | ||
| Q4 24 | $1.7B | $540.4M | ||
| Q3 24 | — | $260.3M | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | $1.5B | $5.5B | ||
| Q3 25 | $1.5B | $5.4B | ||
| Q2 25 | $1.5B | $5.4B | ||
| Q1 25 | $1.4B | $5.3B | ||
| Q4 24 | $1.4B | $5.0B | ||
| Q3 24 | $1.3B | $5.0B | ||
| Q2 24 | $1.3B | $4.9B | ||
| Q1 24 | $1.2B | $4.8B |
| Q4 25 | $5.1B | $33.7B | ||
| Q3 25 | $5.0B | $33.4B | ||
| Q2 25 | $4.8B | $32.8B | ||
| Q1 25 | $4.7B | $32.8B | ||
| Q4 24 | $4.7B | $30.0B | ||
| Q3 24 | $4.6B | $29.9B | ||
| Q2 24 | $4.4B | $30.0B | ||
| Q1 24 | $4.4B | $30.0B |
| Q4 25 | 1.23× | 0.10× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | 1.26× | 0.11× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.30× |
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 | $498.9M |
| Free Cash FlowOCF − Capex | — | $481.2M |
| FCF MarginFCF / Revenue | — | 151.1% |
| Capex IntensityCapex / Revenue | — | 5.6% |
| Cash ConversionOCF / Net Profit | 3.92× | 3.87× |
| TTM Free Cash FlowTrailing 4 quarters | — | $828.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $498.9M | ||
| Q3 25 | $77.3M | $150.6M | ||
| Q2 25 | $60.8M | $89.4M | ||
| Q1 25 | $43.2M | $120.0M | ||
| Q4 24 | $41.5M | $445.5M | ||
| Q3 24 | $53.5M | $123.6M | ||
| Q2 24 | $49.3M | $61.2M | ||
| Q1 24 | $51.2M | $124.4M |
| Q4 25 | — | $481.2M | ||
| Q3 25 | — | $146.4M | ||
| Q2 25 | — | $85.2M | ||
| Q1 25 | — | $116.1M | ||
| Q4 24 | — | $433.3M | ||
| Q3 24 | — | $122.0M | ||
| Q2 24 | — | $58.2M | ||
| Q1 24 | — | $119.6M |
| Q4 25 | — | 151.1% | ||
| Q3 25 | — | 45.3% | ||
| Q2 25 | — | 27.8% | ||
| Q1 25 | — | 40.1% | ||
| Q4 24 | — | 165.4% | ||
| Q3 24 | — | 46.5% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 47.0% |
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | 3.92× | 3.87× | ||
| Q3 25 | 1.71× | 1.15× | ||
| Q2 25 | 2.47× | 0.74× | ||
| Q1 25 | 2.61× | 1.42× | ||
| Q4 24 | 1.81× | 4.72× | ||
| Q3 24 | 1.39× | 1.30× | ||
| Q2 24 | 2.38× | 0.63× | ||
| Q1 24 | 4.38× | 1.43× |
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% |
UBSI
Segment breakdown not available.
