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Side-by-side financial comparison of CATHAY GENERAL BANCORP (CATY) and H2O AMERICA (HTO). Click either name above to swap in a different company.
CATHAY GENERAL BANCORP is the larger business by last-quarter revenue ($222.8M vs $199.4M, roughly 1.1× H2O AMERICA). CATHAY GENERAL BANCORP runs the higher net margin — 653.4% vs 8.1%, a 645.3% gap on every dollar of revenue. On growth, CATHAY GENERAL BANCORP posted the faster year-over-year revenue change (19.5% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 12.8%).
Cathay General Bancorp is a U.S.-headquartered bank holding company that operates Cathay Bank, offering full-spectrum commercial and personal banking services. It primarily serves Asian American communities and small-to-medium enterprises across major U.S. states including California, New York and Texas, as well as select Asian markets, with products covering deposits, loans, and wealth management solutions.
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.
CATY vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.8M | $199.4M |
| Net Profit | $90.5M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 50.9% | 16.6% |
| Net Margin | 653.4% | 8.1% |
| Revenue YoY | 19.5% | 1.5% |
| Net Profit YoY | 12.9% | -29.2% |
| EPS (diluted) | $1.33 | $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 | $222.8M | $199.4M | ||
| Q3 25 | $210.6M | $243.5M | ||
| Q2 25 | $196.6M | $197.8M | ||
| Q1 25 | $187.8M | $164.9M | ||
| Q4 24 | $186.5M | $196.5M | ||
| Q3 24 | $189.5M | $216.7M | ||
| Q2 24 | $178.5M | $173.1M | ||
| Q1 24 | $175.2M | $150.0M |
| Q4 25 | $90.5M | $16.2M | ||
| Q3 25 | $77.7M | $45.1M | ||
| Q2 25 | $77.5M | $24.7M | ||
| Q1 25 | $69.5M | $16.6M | ||
| Q4 24 | $80.2M | $22.9M | ||
| Q3 24 | $67.5M | $38.7M | ||
| Q2 24 | $66.8M | $20.7M | ||
| Q1 24 | $71.4M | $11.7M |
| Q4 25 | 50.9% | 16.6% | ||
| Q3 25 | 44.5% | 26.5% | ||
| Q2 25 | 49.0% | 22.2% | ||
| Q1 25 | 46.1% | 21.8% | ||
| Q4 24 | 46.5% | 22.2% | ||
| Q3 24 | 41.2% | 26.9% | ||
| Q2 24 | 40.7% | 23.4% | ||
| Q1 24 | 45.7% | 18.6% |
| Q4 25 | 653.4% | 8.1% | ||
| Q3 25 | 36.9% | 18.5% | ||
| Q2 25 | 39.4% | 12.5% | ||
| Q1 25 | 37.0% | 10.0% | ||
| Q4 24 | 587.9% | 11.7% | ||
| Q3 24 | 35.6% | 17.8% | ||
| Q2 24 | 37.4% | 12.0% | ||
| Q1 24 | 40.8% | 7.8% |
| Q4 25 | $1.33 | $0.45 | ||
| Q3 25 | $1.13 | $1.27 | ||
| Q2 25 | $1.10 | $0.71 | ||
| Q1 25 | $0.98 | $0.49 | ||
| Q4 24 | $1.11 | $0.70 | ||
| Q3 24 | $0.94 | $1.17 | ||
| Q2 24 | $0.92 | $0.64 | ||
| Q1 24 | $0.98 | $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 | — | $20.7M |
| Total DebtLower is stronger | $119.1M | $1.9B |
| Stockholders' EquityBook value | $2.9B | $1.5B |
| Total Assets | $24.2B | $5.1B |
| Debt / EquityLower = less leverage | 0.04× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $20.7M | ||
| Q3 25 | — | $11.3M | ||
| Q2 25 | — | $19.8M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $11.1M | ||
| Q3 24 | — | $4.0M | ||
| Q2 24 | — | $22.8M | ||
| Q1 24 | — | $4.5M |
| Q4 25 | $119.1M | $1.9B | ||
| Q3 25 | $119.1M | — | ||
| Q2 25 | $119.1M | — | ||
| Q1 25 | $119.1M | — | ||
| Q4 24 | $119.1M | $1.7B | ||
| Q3 24 | $119.1M | — | ||
| Q2 24 | $119.1M | — | ||
| Q1 24 | $119.1M | — |
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | $2.9B | $1.5B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.8B | $1.3B | ||
| Q2 24 | $2.8B | $1.3B | ||
| Q1 24 | $2.8B | $1.2B |
| Q4 25 | $24.2B | $5.1B | ||
| Q3 25 | $24.1B | $5.0B | ||
| Q2 25 | $23.7B | $4.8B | ||
| Q1 25 | $23.2B | $4.7B | ||
| Q4 24 | $23.1B | $4.7B | ||
| Q3 24 | $23.3B | $4.6B | ||
| Q2 24 | $23.2B | $4.4B | ||
| Q1 24 | $23.4B | $4.4B |
| Q4 25 | 0.04× | 1.23× | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | 1.26× | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.04× | — |
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 | $368.6M | $63.5M |
| Free Cash FlowOCF − Capex | $363.7M | — |
| FCF MarginFCF / Revenue | 163.2% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | 4.07× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $672.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $368.6M | $63.5M | ||
| Q3 25 | $150.6M | $77.3M | ||
| Q2 25 | $64.0M | $60.8M | ||
| Q1 25 | $99.0M | $43.2M | ||
| Q4 24 | $329.2M | $41.5M | ||
| Q3 24 | $81.2M | $53.5M | ||
| Q2 24 | $72.9M | $49.3M | ||
| Q1 24 | $88.2M | $51.2M |
| Q4 25 | $363.7M | — | ||
| Q3 25 | $150.1M | — | ||
| Q2 25 | $62.7M | — | ||
| Q1 25 | $96.3M | — | ||
| Q4 24 | $325.5M | — | ||
| Q3 24 | $80.0M | — | ||
| Q2 24 | $72.4M | — | ||
| Q1 24 | $87.3M | — |
| Q4 25 | 163.2% | — | ||
| Q3 25 | 71.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 51.2% | — | ||
| Q4 24 | 174.6% | — | ||
| Q3 24 | 42.2% | — | ||
| Q2 24 | 40.5% | — | ||
| Q1 24 | 49.8% | — |
| Q4 25 | 2.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.5% | — |
| Q4 25 | 4.07× | 3.92× | ||
| Q3 25 | 1.94× | 1.71× | ||
| Q2 25 | 0.83× | 2.47× | ||
| Q1 25 | 1.42× | 2.61× | ||
| Q4 24 | 4.10× | 1.81× | ||
| Q3 24 | 1.20× | 1.39× | ||
| Q2 24 | 1.09× | 2.38× | ||
| Q1 24 | 1.23× | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CATY
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
