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Side-by-side financial comparison of Azenta, Inc. (AZTA) 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 $148.6M, roughly 1.3× Azenta, Inc.). H2O AMERICA runs the higher net margin — 8.1% vs -10.4%, a 18.5% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs 0.8%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 4.4%).
Azenta, was founded in 1978, and is based in Chelmsford, Massachusetts, United States. The company is a provider of life sciences services including genomics, cryogenic storage, automation, and informatics.
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.
AZTA vs HTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $148.6M | $199.4M |
| Net Profit | $-15.4M | $16.2M |
| Gross Margin | 42.9% | — |
| Operating Margin | -4.9% | 16.6% |
| Net Margin | -10.4% | 8.1% |
| Revenue YoY | 0.8% | 1.5% |
| Net Profit YoY | -15.7% | -29.2% |
| EPS (diluted) | $-0.34 | $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 | $148.6M | $199.4M | ||
| Q3 25 | $159.2M | $243.5M | ||
| Q2 25 | $143.9M | $197.8M | ||
| Q1 25 | $143.3M | $164.9M | ||
| Q4 24 | $147.4M | $196.5M | ||
| Q3 24 | $150.6M | $216.7M | ||
| Q2 24 | $144.3M | $173.1M | ||
| Q1 24 | $136.4M | $150.0M |
| Q4 25 | $-15.4M | $16.2M | ||
| Q3 25 | $50.9M | $45.1M | ||
| Q2 25 | $-48.0M | $24.7M | ||
| Q1 25 | $-47.7M | $16.6M | ||
| Q4 24 | $-11.0M | $22.9M | ||
| Q3 24 | $-6.6M | $38.7M | ||
| Q2 24 | $-6.6M | $20.7M | ||
| Q1 24 | $-137.4M | $11.7M |
| Q4 25 | 42.9% | — | ||
| Q3 25 | 45.4% | — | ||
| Q2 25 | 46.2% | — | ||
| Q1 25 | 43.8% | — | ||
| Q4 24 | 46.7% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 44.8% | — | ||
| Q1 24 | 43.8% | — |
| Q4 25 | -4.9% | 16.6% | ||
| Q3 25 | 1.2% | 26.5% | ||
| Q2 25 | -1.3% | 22.2% | ||
| Q1 25 | -12.7% | 21.8% | ||
| Q4 24 | -5.9% | 22.2% | ||
| Q3 24 | -3.1% | 26.9% | ||
| Q2 24 | -4.9% | 23.4% | ||
| Q1 24 | -18.1% | 18.6% |
| Q4 25 | -10.4% | 8.1% | ||
| Q3 25 | 32.0% | 18.5% | ||
| Q2 25 | -33.4% | 12.5% | ||
| Q1 25 | -33.3% | 10.0% | ||
| Q4 24 | -7.5% | 11.7% | ||
| Q3 24 | -4.4% | 17.8% | ||
| Q2 24 | -4.5% | 12.0% | ||
| Q1 24 | -100.8% | 7.8% |
| Q4 25 | $-0.34 | $0.45 | ||
| Q3 25 | $1.12 | $1.27 | ||
| Q2 25 | $-1.05 | $0.71 | ||
| Q1 25 | $-1.04 | $0.49 | ||
| Q4 24 | $-0.25 | $0.70 | ||
| Q3 24 | $-0.25 | $1.17 | ||
| Q2 24 | $-0.12 | $0.64 | ||
| Q1 24 | $-2.48 | $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 | $336.6M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $1.7B | $1.5B |
| Total Assets | $2.1B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $336.6M | $20.7M | ||
| Q3 25 | $279.8M | $11.3M | ||
| Q2 25 | $270.0M | $19.8M | ||
| Q1 25 | $253.6M | $23.7M | ||
| Q4 24 | $377.5M | $11.1M | ||
| Q3 24 | $280.0M | $4.0M | ||
| Q2 24 | $336.5M | $22.8M | ||
| Q1 24 | $353.5M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $2.0B | $1.3B | ||
| Q1 24 | $2.2B | $1.2B |
| Q4 25 | $2.1B | $5.1B | ||
| Q3 25 | $2.1B | $5.0B | ||
| Q2 25 | $2.0B | $4.8B | ||
| Q1 25 | $2.0B | $4.7B | ||
| Q4 24 | $2.0B | $4.7B | ||
| Q3 24 | $2.1B | $4.6B | ||
| Q2 24 | $2.3B | $4.4B | ||
| Q1 24 | $2.6B | $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 | $20.8M | $63.5M |
| Free Cash FlowOCF − Capex | $14.7M | — |
| FCF MarginFCF / Revenue | 9.9% | — |
| Capex IntensityCapex / Revenue | 4.2% | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $30.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.8M | $63.5M | ||
| Q3 25 | $2.2M | $77.3M | ||
| Q2 25 | $25.8M | $60.8M | ||
| Q1 25 | $14.4M | $43.2M | ||
| Q4 24 | $29.8M | $41.5M | ||
| Q3 24 | $17.7M | $53.5M | ||
| Q2 24 | $9.8M | $49.3M | ||
| Q1 24 | $8.7M | $51.2M |
| Q4 25 | $14.7M | — | ||
| Q3 25 | $-5.7M | — | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $7.0M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $8.3M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $428.0K | — |
| Q4 25 | 9.9% | — | ||
| Q3 25 | -3.6% | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 4.2% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | 6.1% | — |
| Q4 25 | — | 3.92× | ||
| Q3 25 | 0.04× | 1.71× | ||
| 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
AZTA
| Multiomics | $67.2M | 45% |
| Core Products | $47.6M | 32% |
| Sample Repository Solutions | $33.8M | 23% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
