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Side-by-side financial comparison of H2O AMERICA (HTO) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $199.4M, roughly 1.2× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 4.9%, a 3.2% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs 1.5%). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
HTO vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $238.9M |
| Net Profit | $16.2M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 16.6% | 3.3% |
| Net Margin | 8.1% | 4.9% |
| Revenue YoY | 1.5% | 19.5% |
| Net Profit YoY | -29.2% | 234.0% |
| EPS (diluted) | $0.45 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $243.5M | $224.2M | ||
| Q2 25 | $197.8M | $215.2M | ||
| Q1 25 | $164.9M | $206.3M | ||
| Q4 24 | $196.5M | $199.9M | ||
| Q3 24 | $216.7M | $185.6M | ||
| Q2 24 | $173.1M | $177.5M | ||
| Q1 24 | $150.0M | $175.7M |
| Q4 25 | $16.2M | $11.8M | ||
| Q3 25 | $45.1M | $2.8M | ||
| Q2 25 | $24.7M | $-19.4M | ||
| Q1 25 | $16.6M | $-21.4M | ||
| Q4 24 | $22.9M | $-8.8M | ||
| Q3 24 | $38.7M | $-17.0M | ||
| Q2 24 | $20.7M | $-17.5M | ||
| Q1 24 | $11.7M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | 16.6% | 3.3% | ||
| Q3 25 | 26.5% | -1.5% | ||
| Q2 25 | 22.2% | -10.3% | ||
| Q1 25 | 21.8% | -12.0% | ||
| Q4 24 | 22.2% | -6.7% | ||
| Q3 24 | 26.9% | -11.7% | ||
| Q2 24 | 23.4% | -13.0% | ||
| Q1 24 | 18.6% | -10.4% |
| Q4 25 | 8.1% | 4.9% | ||
| Q3 25 | 18.5% | 1.2% | ||
| Q2 25 | 12.5% | -9.0% | ||
| Q1 25 | 10.0% | -10.4% | ||
| Q4 24 | 11.7% | -4.4% | ||
| Q3 24 | 17.8% | -9.2% | ||
| Q2 24 | 12.0% | -9.9% | ||
| Q1 24 | 7.8% | -6.7% |
| Q4 25 | $0.45 | $0.21 | ||
| Q3 25 | $1.27 | $0.05 | ||
| Q2 25 | $0.71 | $-0.35 | ||
| Q1 25 | $0.49 | $-0.38 | ||
| Q4 24 | $0.70 | $-0.15 | ||
| Q3 24 | $1.17 | $-0.31 | ||
| Q2 24 | $0.64 | $-0.32 | ||
| Q1 24 | $0.36 | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $-5.4M |
| Total Assets | $5.1B | $1.5B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $338.8M | ||
| Q3 25 | $11.3M | $315.9M | ||
| Q2 25 | $19.8M | $284.3M | ||
| Q1 25 | $23.7M | $242.0M | ||
| Q4 24 | $11.1M | $301.8M | ||
| Q3 24 | $4.0M | $248.2M | ||
| Q2 24 | $22.8M | $267.9M | ||
| Q1 24 | $4.5M | $296.1M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $-5.4M | ||
| Q3 25 | $1.5B | $-36.9M | ||
| Q2 25 | $1.5B | $-66.5M | ||
| Q1 25 | $1.4B | $-75.7M | ||
| Q4 24 | $1.4B | $-41.7M | ||
| Q3 24 | $1.3B | $-50.8M | ||
| Q2 24 | $1.3B | $-77.7M | ||
| Q1 24 | $1.2B | $-83.2M |
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $4.8B | $1.3B | ||
| Q1 25 | $4.7B | $1.3B | ||
| Q4 24 | $4.7B | $1.4B | ||
| Q3 24 | $4.6B | $1.3B | ||
| Q2 24 | $4.4B | $1.2B | ||
| Q1 24 | $4.4B | $1.2B |
| 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 | $51.0M |
| Free Cash FlowOCF − Capex | — | $50.7M |
| FCF MarginFCF / Revenue | — | 21.2% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 3.92× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $51.0M | ||
| Q3 25 | $77.3M | $46.2M | ||
| Q2 25 | $60.8M | $50.3M | ||
| Q1 25 | $43.2M | $-7.4M | ||
| Q4 24 | $41.5M | $44.0M | ||
| Q3 24 | $53.5M | $18.9M | ||
| Q2 24 | $49.3M | $-14.0K | ||
| Q1 24 | $51.2M | $24.8M |
| Q4 25 | — | $50.7M | ||
| Q3 25 | — | $46.1M | ||
| Q2 25 | — | $49.3M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | — | $-122.0K | ||
| Q1 24 | — | $24.6M |
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | — | 14.0% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 3.92× | 4.31× | ||
| Q3 25 | 1.71× | 16.57× | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 2.38× | — | ||
| Q1 24 | 4.38× | — |
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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
