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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) and H2O AMERICA (HTO). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $141.3M, roughly 1.4× Arlo Technologies, Inc.). H2O AMERICA runs the higher net margin — 8.1% vs 4.1%, a 4.1% gap on every dollar of revenue. On growth, Arlo Technologies, Inc. posted the faster year-over-year revenue change (16.2% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 6.7%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
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.
ARLO vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $199.4M |
| Net Profit | $5.8M | $16.2M |
| Gross Margin | 46.4% | — |
| Operating Margin | 3.3% | 16.6% |
| Net Margin | 4.1% | 8.1% |
| Revenue YoY | 16.2% | 1.5% |
| Net Profit YoY | 218.6% | -29.2% |
| EPS (diluted) | $0.06 | $0.45 |
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 | $141.3M | $199.4M | ||
| Q3 25 | $139.5M | $243.5M | ||
| Q2 25 | $129.4M | $197.8M | ||
| Q1 25 | $119.1M | $164.9M | ||
| Q4 24 | $121.6M | $196.5M | ||
| Q3 24 | $137.7M | $216.7M | ||
| Q2 24 | $127.4M | $173.1M | ||
| Q1 24 | $124.2M | $150.0M |
| Q4 25 | $5.8M | $16.2M | ||
| Q3 25 | $6.9M | $45.1M | ||
| Q2 25 | $3.1M | $24.7M | ||
| Q1 25 | $-835.0K | $16.6M | ||
| Q4 24 | $-4.9M | $22.9M | ||
| Q3 24 | $-4.4M | $38.7M | ||
| Q2 24 | $-11.6M | $20.7M | ||
| Q1 24 | $-9.6M | $11.7M |
| Q4 25 | 46.4% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 44.3% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 3.3% | 16.6% | ||
| Q3 25 | 0.6% | 26.5% | ||
| Q2 25 | 1.5% | 22.2% | ||
| Q1 25 | -1.2% | 21.8% | ||
| Q4 24 | -5.0% | 22.2% | ||
| Q3 24 | -4.0% | 26.9% | ||
| Q2 24 | -10.0% | 23.4% | ||
| Q1 24 | -8.5% | 18.6% |
| Q4 25 | 4.1% | 8.1% | ||
| Q3 25 | 4.9% | 18.5% | ||
| Q2 25 | 2.4% | 12.5% | ||
| Q1 25 | -0.7% | 10.0% | ||
| Q4 24 | -4.0% | 11.7% | ||
| Q3 24 | -3.2% | 17.8% | ||
| Q2 24 | -9.1% | 12.0% | ||
| Q1 24 | -7.8% | 7.8% |
| Q4 25 | $0.06 | $0.45 | ||
| Q3 25 | $0.06 | $1.27 | ||
| Q2 25 | $0.03 | $0.71 | ||
| Q1 25 | $-0.01 | $0.49 | ||
| Q4 24 | $-0.05 | $0.70 | ||
| Q3 24 | $-0.04 | $1.17 | ||
| Q2 24 | $-0.12 | $0.64 | ||
| Q1 24 | $-0.10 | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.4M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $127.8M | $1.5B |
| Total Assets | $310.5M | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $20.7M | ||
| Q3 25 | $86.0M | $11.3M | ||
| Q2 25 | $71.2M | $19.8M | ||
| Q1 25 | $84.0M | $23.7M | ||
| Q4 24 | $82.0M | $11.1M | ||
| Q3 24 | $77.0M | $4.0M | ||
| Q2 24 | $62.9M | $22.8M | ||
| Q1 24 | $62.1M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $127.8M | $1.5B | ||
| Q3 25 | $129.2M | $1.5B | ||
| Q2 25 | $118.3M | $1.5B | ||
| Q1 25 | $103.4M | $1.4B | ||
| Q4 24 | $100.9M | $1.4B | ||
| Q3 24 | $96.9M | $1.3B | ||
| Q2 24 | $99.3M | $1.3B | ||
| Q1 24 | $99.9M | $1.2B |
| Q4 25 | $310.5M | $5.1B | ||
| Q3 25 | $350.9M | $5.0B | ||
| Q2 25 | $319.7M | $4.8B | ||
| Q1 25 | $296.6M | $4.7B | ||
| Q4 24 | $298.4M | $4.7B | ||
| Q3 24 | $312.4M | $4.6B | ||
| Q2 24 | $295.8M | $4.4B | ||
| Q1 24 | $289.8M | $4.4B |
| 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 | $19.8M | $63.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.43× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $63.5M | ||
| Q3 25 | $19.2M | $77.3M | ||
| Q2 25 | $8.8M | $60.8M | ||
| Q1 25 | $30.9M | $43.2M | ||
| Q4 24 | $6.7M | $41.5M | ||
| Q3 24 | $18.4M | $53.5M | ||
| Q2 24 | $6.5M | $49.3M | ||
| Q1 24 | $19.8M | $51.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $28.1M | — | ||
| Q4 24 | $5.6M | — | ||
| Q3 24 | $17.4M | — | ||
| Q2 24 | $6.2M | — | ||
| Q1 24 | $19.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 23.6% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 4.8% | — | ||
| Q1 24 | 15.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 3.43× | 3.92× | ||
| Q3 25 | 2.79× | 1.71× | ||
| Q2 25 | 2.83× | 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
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
