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Side-by-side financial comparison of H2O AMERICA (HTO) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $199.4M, roughly 2.0× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 1.7%, a 6.5% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs 1.5%). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% 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.
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
HTO vs ZETA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $394.6M |
| Net Profit | $16.2M | $6.5M |
| Gross Margin | — | 59.5% |
| Operating Margin | 16.6% | 4.5% |
| Net Margin | 8.1% | 1.7% |
| Revenue YoY | 1.5% | 25.4% |
| Net Profit YoY | -29.2% | -57.1% |
| EPS (diluted) | $0.45 | $0.04 |
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 | $394.6M | ||
| Q3 25 | $243.5M | $337.2M | ||
| Q2 25 | $197.8M | $308.4M | ||
| Q1 25 | $164.9M | $264.4M | ||
| Q4 24 | $196.5M | $314.7M | ||
| Q3 24 | $216.7M | $268.3M | ||
| Q2 24 | $173.1M | $227.8M | ||
| Q1 24 | $150.0M | $194.9M |
| Q4 25 | $16.2M | $6.5M | ||
| Q3 25 | $45.1M | $-3.6M | ||
| Q2 25 | $24.7M | $-12.8M | ||
| Q1 25 | $16.6M | $-21.6M | ||
| Q4 24 | $22.9M | $15.2M | ||
| Q3 24 | $38.7M | $-17.4M | ||
| Q2 24 | $20.7M | $-28.1M | ||
| Q1 24 | $11.7M | $-39.6M |
| Q4 25 | — | 59.5% | ||
| Q3 25 | — | 60.5% | ||
| Q2 25 | — | 62.1% | ||
| Q1 25 | — | 60.9% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 60.6% | ||
| Q2 24 | — | 60.0% | ||
| Q1 24 | — | 60.6% |
| Q4 25 | 16.6% | 4.5% | ||
| Q3 25 | 26.5% | 2.6% | ||
| Q2 25 | 22.2% | -1.7% | ||
| Q1 25 | 21.8% | -6.1% | ||
| Q4 24 | 22.2% | 2.2% | ||
| Q3 24 | 26.9% | -4.6% | ||
| Q2 24 | 23.4% | -11.7% | ||
| Q1 24 | 18.6% | -18.4% |
| Q4 25 | 8.1% | 1.7% | ||
| Q3 25 | 18.5% | -1.1% | ||
| Q2 25 | 12.5% | -4.2% | ||
| Q1 25 | 10.0% | -8.2% | ||
| Q4 24 | 11.7% | 4.8% | ||
| Q3 24 | 17.8% | -6.5% | ||
| Q2 24 | 12.0% | -12.3% | ||
| Q1 24 | 7.8% | -20.3% |
| Q4 25 | $0.45 | $0.04 | ||
| Q3 25 | $1.27 | $-0.02 | ||
| Q2 25 | $0.71 | $-0.06 | ||
| Q1 25 | $0.49 | $-0.10 | ||
| Q4 24 | $0.70 | $0.10 | ||
| Q3 24 | $1.17 | $-0.09 | ||
| Q2 24 | $0.64 | $-0.16 | ||
| Q1 24 | $0.36 | $-0.23 |
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 | $319.8M |
| Total DebtLower is stronger | $1.9B | $197.1M |
| Stockholders' EquityBook value | $1.5B | $804.6M |
| Total Assets | $5.1B | $1.5B |
| Debt / EquityLower = less leverage | 1.23× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $319.8M | ||
| Q3 25 | $11.3M | $385.2M | ||
| Q2 25 | $19.8M | $365.3M | ||
| Q1 25 | $23.7M | $364.4M | ||
| Q4 24 | $11.1M | $366.2M | ||
| Q3 24 | $4.0M | $418.5M | ||
| Q2 24 | $22.8M | $154.7M | ||
| Q1 24 | $4.5M | $141.6M |
| Q4 25 | $1.9B | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | $1.7B | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M | ||
| Q1 24 | — | $184.2M |
| Q4 25 | $1.5B | $804.6M | ||
| Q3 25 | $1.5B | $689.2M | ||
| Q2 25 | $1.5B | $673.3M | ||
| Q1 25 | $1.4B | $676.6M | ||
| Q4 24 | $1.4B | $676.8M | ||
| Q3 24 | $1.3B | $474.9M | ||
| Q2 24 | $1.3B | $217.0M | ||
| Q1 24 | $1.2B | $191.6M |
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $4.8B | $1.1B | ||
| Q1 25 | $4.7B | $1.1B | ||
| Q4 24 | $4.7B | $1.1B | ||
| Q3 24 | $4.6B | $869.1M | ||
| Q2 24 | $4.4B | $583.9M | ||
| Q1 24 | $4.4B | $550.3M |
| Q4 25 | 1.23× | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 1.26× | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.96× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | — | $60.9M |
| FCF MarginFCF / Revenue | — | 15.4% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | 3.92× | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $64.1M | ||
| Q3 25 | $77.3M | $57.9M | ||
| Q2 25 | $60.8M | $42.0M | ||
| Q1 25 | $43.2M | $34.8M | ||
| Q4 24 | $41.5M | $43.7M | ||
| Q3 24 | $53.5M | $34.4M | ||
| Q2 24 | $49.3M | $31.1M | ||
| Q1 24 | $51.2M | $24.7M |
| Q4 25 | — | $60.9M | ||
| Q3 25 | — | $52.4M | ||
| Q2 25 | — | $39.7M | ||
| Q1 25 | — | $32.1M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | — | $29.5M | ||
| Q2 24 | — | $24.4M | ||
| Q1 24 | — | $18.9M |
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 9.7% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | 3.92× | 9.81× | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | 2.87× | ||
| 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% |
ZETA
Segment breakdown not available.
