vs
Side-by-side financial comparison of H2O AMERICA (HTO) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $199.4M, roughly 1.7× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs -12.9%, a 21.0% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -0.4%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
HTO vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $340.0M |
| Net Profit | $16.2M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | -17.2% |
| Net Margin | 8.1% | -12.9% |
| Revenue YoY | 1.5% | -0.4% |
| Net Profit YoY | -29.2% | -131.0% |
| EPS (diluted) | $0.45 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $243.5M | $337.7M | ||
| Q2 25 | $197.8M | $319.2M | ||
| Q1 25 | $164.9M | $237.4M | ||
| Q4 24 | $196.5M | $341.5M | ||
| Q3 24 | $216.7M | $292.3M | ||
| Q2 24 | $173.1M | $270.7M | ||
| Q1 24 | $150.0M | $228.1M |
| Q4 25 | $16.2M | $-13.9M | ||
| Q3 25 | $45.1M | $33.5M | ||
| Q2 25 | $24.7M | $34.0M | ||
| Q1 25 | $16.6M | $2.8M | ||
| Q4 24 | $22.9M | $44.8M | ||
| Q3 24 | $38.7M | $28.8M | ||
| Q2 24 | $20.7M | $22.7M | ||
| Q1 24 | $11.7M | $11.9M |
| Q4 25 | 16.6% | -17.2% | ||
| Q3 25 | 26.5% | 13.6% | ||
| Q2 25 | 22.2% | 14.5% | ||
| Q1 25 | 21.8% | 2.2% | ||
| Q4 24 | 22.2% | 15.3% | ||
| Q3 24 | 26.9% | 12.8% | ||
| Q2 24 | 23.4% | 10.4% | ||
| Q1 24 | 18.6% | 6.0% |
| Q4 25 | 8.1% | -12.9% | ||
| Q3 25 | 18.5% | 9.9% | ||
| Q2 25 | 12.5% | 10.6% | ||
| Q1 25 | 10.0% | 1.2% | ||
| Q4 24 | 11.7% | 13.1% | ||
| Q3 24 | 17.8% | 9.9% | ||
| Q2 24 | 12.0% | 8.4% | ||
| Q1 24 | 7.8% | 5.2% |
| Q4 25 | $0.45 | $-0.41 | ||
| Q3 25 | $1.27 | $0.98 | ||
| Q2 25 | $0.71 | $0.99 | ||
| Q1 25 | $0.49 | $0.08 | ||
| Q4 24 | $0.70 | $1.32 | ||
| Q3 24 | $1.17 | $0.85 | ||
| Q2 24 | $0.64 | $0.67 | ||
| Q1 24 | $0.36 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $1.7B |
| Total Assets | $5.1B | $5.1B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $299.3M | ||
| Q3 25 | $11.3M | $274.8M | ||
| Q2 25 | $19.8M | $233.7M | ||
| Q1 25 | $23.7M | $181.0M | ||
| Q4 24 | $11.1M | $279.3M | ||
| Q3 24 | $4.0M | $179.8M | ||
| Q2 24 | $22.8M | $208.1M | ||
| Q1 24 | $4.5M | $216.5M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $1.2B | $1.7B |
| Q4 25 | $5.1B | $5.1B | ||
| Q3 25 | $5.0B | $5.8B | ||
| Q2 25 | $4.8B | $4.7B | ||
| Q1 25 | $4.7B | $4.5B | ||
| Q4 24 | $4.7B | $4.4B | ||
| Q3 24 | $4.6B | $4.6B | ||
| Q2 24 | $4.4B | $4.2B | ||
| Q1 24 | $4.4B | $3.8B |
| 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 | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $-664.3M | ||
| Q3 25 | $77.3M | $-948.1M | ||
| Q2 25 | $60.8M | $-238.5M | ||
| Q1 25 | $43.2M | $-281.1M | ||
| Q4 24 | $41.5M | $129.4M | ||
| Q3 24 | $53.5M | $-202.0M | ||
| Q2 24 | $49.3M | $-237.8M | ||
| Q1 24 | $51.2M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | -28.34× | ||
| Q2 25 | 2.47× | -7.02× | ||
| Q1 25 | 2.61× | -102.07× | ||
| Q4 24 | 1.81× | 2.89× | ||
| Q3 24 | 1.39× | -7.01× | ||
| Q2 24 | 2.38× | -10.49× | ||
| Q1 24 | 4.38× | 3.24× |
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% |
WD
Segment breakdown not available.
