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Side-by-side financial comparison of H2O AMERICA (HTO) and Urban Edge Properties (UE). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $132.6M, roughly 1.5× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs 8.1%, a 8.9% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 11.6%).
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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
HTO vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $132.6M |
| Net Profit | $16.2M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | — |
| Net Margin | 8.1% | 17.1% |
| Revenue YoY | 1.5% | 12.2% |
| Net Profit YoY | -29.2% | 176.2% |
| EPS (diluted) | $0.45 | $0.18 |
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 | — | $132.6M | ||
| Q4 25 | $199.4M | $119.6M | ||
| Q3 25 | $243.5M | $120.1M | ||
| Q2 25 | $197.8M | $114.1M | ||
| Q1 25 | $164.9M | $118.2M | ||
| Q4 24 | $196.5M | $116.4M | ||
| Q3 24 | $216.7M | $112.4M | ||
| Q2 24 | $173.1M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $16.2M | $12.4M | ||
| Q3 25 | $45.1M | $14.9M | ||
| Q2 25 | $24.7M | $58.0M | ||
| Q1 25 | $16.6M | $8.2M | ||
| Q4 24 | $22.9M | $30.1M | ||
| Q3 24 | $38.7M | $9.1M | ||
| Q2 24 | $20.7M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 16.6% | 11.3% | ||
| Q3 25 | 26.5% | 13.4% | ||
| Q2 25 | 22.2% | 53.9% | ||
| Q1 25 | 21.8% | 7.6% | ||
| Q4 24 | 22.2% | 27.6% | ||
| Q3 24 | 26.9% | 8.9% | ||
| Q2 24 | 23.4% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | 8.1% | 10.4% | ||
| Q3 25 | 18.5% | 12.4% | ||
| Q2 25 | 12.5% | 50.8% | ||
| Q1 25 | 10.0% | 6.9% | ||
| Q4 24 | 11.7% | 25.9% | ||
| Q3 24 | 17.8% | 8.1% | ||
| Q2 24 | 12.0% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.45 | $0.09 | ||
| Q3 25 | $1.27 | $0.12 | ||
| Q2 25 | $0.71 | $0.46 | ||
| Q1 25 | $0.49 | $0.07 | ||
| Q4 24 | $0.70 | $0.25 | ||
| Q3 24 | $1.17 | $0.07 | ||
| Q2 24 | $0.64 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $1.4B |
| Total Assets | $5.1B | $3.4B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $20.7M | $48.9M | ||
| Q3 25 | $11.3M | $77.8M | ||
| Q2 25 | $19.8M | $53.0M | ||
| Q1 25 | $23.7M | $48.0M | ||
| Q4 24 | $11.1M | $41.4M | ||
| Q3 24 | $4.0M | $67.9M | ||
| Q2 24 | $22.8M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $5.1B | $3.3B | ||
| Q3 25 | $5.0B | $3.3B | ||
| Q2 25 | $4.8B | $3.3B | ||
| Q1 25 | $4.7B | $3.3B | ||
| Q4 24 | $4.7B | $3.3B | ||
| Q3 24 | $4.6B | $3.2B | ||
| Q2 24 | $4.4B | $3.2B |
| 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 | $39.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 3.92× | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $63.5M | $182.7M | ||
| Q3 25 | $77.3M | $55.7M | ||
| Q2 25 | $60.8M | $43.5M | ||
| Q1 25 | $43.2M | $32.6M | ||
| Q4 24 | $41.5M | $153.2M | ||
| Q3 24 | $53.5M | $36.6M | ||
| Q2 24 | $49.3M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $81.8M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $42.5M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | — | 84.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 95.1% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | 3.92× | 14.71× | ||
| Q3 25 | 1.71× | 3.73× | ||
| Q2 25 | 2.47× | 0.75× | ||
| Q1 25 | 2.61× | 3.97× | ||
| Q4 24 | 1.81× | 5.09× | ||
| Q3 24 | 1.39× | 4.03× | ||
| Q2 24 | 2.38× | 1.34× |
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% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
