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Side-by-side financial comparison of CAMTEK LTD (CAMT) and H2O AMERICA (HTO). Click either name above to swap in a different company.

CAMTEK LTD is the larger business by last-quarter revenue ($242.0M vs $199.4M, roughly 1.2× H2O AMERICA). CAMTEK LTD runs the higher net margin — 28.1% vs 8.1%, a 20.0% gap on every dollar of revenue.

Camtek Ltd is a leading global developer and manufacturer of high-precision inspection and metrology systems for the semiconductor, printed circuit board, and advanced packaging industries. Its solutions support process control, defect detection, and yield optimization for clients across Asia, North America, and Europe.

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.

CAMT vs HTO — Head-to-Head

Bigger by revenue
CAMT
CAMT
1.2× larger
CAMT
$242.0M
$199.4M
HTO
Higher net margin
CAMT
CAMT
20.0% more per $
CAMT
28.1%
8.1%
HTO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CAMT
CAMT
HTO
HTO
Revenue
$242.0M
$199.4M
Net Profit
$68.0M
$16.2M
Gross Margin
50.9%
Operating Margin
26.7%
16.6%
Net Margin
28.1%
8.1%
Revenue YoY
1.5%
Net Profit YoY
-29.2%
EPS (diluted)
$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.

Revenue
CAMT
CAMT
HTO
HTO
Q4 25
$199.4M
Q3 25
$243.5M
Q2 25
$242.0M
$197.8M
Q1 25
$164.9M
Q4 24
$196.5M
Q3 24
$216.7M
Q2 24
$199.6M
$173.1M
Q1 24
$150.0M
Net Profit
CAMT
CAMT
HTO
HTO
Q4 25
$16.2M
Q3 25
$45.1M
Q2 25
$68.0M
$24.7M
Q1 25
$16.6M
Q4 24
$22.9M
Q3 24
$38.7M
Q2 24
$52.8M
$20.7M
Q1 24
$11.7M
Gross Margin
CAMT
CAMT
HTO
HTO
Q4 25
Q3 25
Q2 25
50.9%
Q1 25
Q4 24
Q3 24
Q2 24
48.1%
Q1 24
Operating Margin
CAMT
CAMT
HTO
HTO
Q4 25
16.6%
Q3 25
26.5%
Q2 25
26.7%
22.2%
Q1 25
21.8%
Q4 24
22.2%
Q3 24
26.9%
Q2 24
23.6%
23.4%
Q1 24
18.6%
Net Margin
CAMT
CAMT
HTO
HTO
Q4 25
8.1%
Q3 25
18.5%
Q2 25
28.1%
12.5%
Q1 25
10.0%
Q4 24
11.7%
Q3 24
17.8%
Q2 24
26.4%
12.0%
Q1 24
7.8%
EPS (diluted)
CAMT
CAMT
HTO
HTO
Q4 25
$0.45
Q3 25
$1.27
Q2 25
$0.71
Q1 25
$0.49
Q4 24
$0.70
Q3 24
$1.17
Q2 24
$0.64
Q1 24
$0.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAMT
CAMT
HTO
HTO
Cash + ST InvestmentsLiquidity on hand
$232.0M
$20.7M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$626.5M
$1.5B
Total Assets
$974.7M
$5.1B
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAMT
CAMT
HTO
HTO
Q4 25
$20.7M
Q3 25
$11.3M
Q2 25
$232.0M
$19.8M
Q1 25
$23.7M
Q4 24
$11.1M
Q3 24
$4.0M
Q2 24
$109.8M
$22.8M
Q1 24
$4.5M
Total Debt
CAMT
CAMT
HTO
HTO
Q4 25
$1.9B
Q3 25
Q2 25
Q1 25
Q4 24
$1.7B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CAMT
CAMT
HTO
HTO
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$626.5M
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$475.4M
$1.3B
Q1 24
$1.2B
Total Assets
CAMT
CAMT
HTO
HTO
Q4 25
$5.1B
Q3 25
$5.0B
Q2 25
$974.7M
$4.8B
Q1 25
$4.7B
Q4 24
$4.7B
Q3 24
$4.6B
Q2 24
$796.2M
$4.4B
Q1 24
$4.4B
Debt / Equity
CAMT
CAMT
HTO
HTO
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
CAMT
CAMT
HTO
HTO
Operating Cash FlowLast quarter
$47.1M
$63.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.69×
3.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAMT
CAMT
HTO
HTO
Q4 25
$63.5M
Q3 25
$77.3M
Q2 25
$47.1M
$60.8M
Q1 25
$43.2M
Q4 24
$41.5M
Q3 24
$53.5M
Q2 24
$70.1M
$49.3M
Q1 24
$51.2M
Cash Conversion
CAMT
CAMT
HTO
HTO
Q4 25
3.92×
Q3 25
1.71×
Q2 25
0.69×
2.47×
Q1 25
2.61×
Q4 24
1.81×
Q3 24
1.39×
Q2 24
1.33×
2.38×
Q1 24
4.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAMT
CAMT

Segment breakdown not available.

HTO
HTO

Water Utility Services$191.0M96%
Other$8.4M4%

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