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Side-by-side financial comparison of CHOICE HOTELS INTERNATIONAL INC (CHH) and H2O AMERICA (HTO). Click either name above to swap in a different company.

CHOICE HOTELS INTERNATIONAL INC is the larger business by last-quarter revenue ($340.6M vs $199.4M, roughly 1.7× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 5.9%, a 2.3% gap on every dollar of revenue. On growth, CHOICE HOTELS INTERNATIONAL INC posted the faster year-over-year revenue change (2.3% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -11.5%).

Choice Hotels International, Inc. is an American multinational hospitality company based in North Bethesda, Maryland. The company, which is one of the largest hotel chains in the world, owns various hotel brands ranging from upscale to economy. As of the end of 2024, Choice Hotels franchised nearly 7,600 hotels, representing over 650,000 rooms, in 46 countries and territories.

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.

CHH vs HTO — Head-to-Head

Bigger by revenue
CHH
CHH
1.7× larger
CHH
$340.6M
$199.4M
HTO
Growing faster (revenue YoY)
CHH
CHH
+0.8% gap
CHH
2.3%
1.5%
HTO
Higher net margin
HTO
HTO
2.3% more per $
HTO
8.1%
5.9%
CHH
Faster 2-yr revenue CAGR
HTO
HTO
Annualised
HTO
15.3%
-11.5%
CHH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CHH
CHH
HTO
HTO
Revenue
$340.6M
$199.4M
Net Profit
$20.0M
$16.2M
Gross Margin
Operating Margin
17.6%
16.6%
Net Margin
5.9%
8.1%
Revenue YoY
2.3%
1.5%
Net Profit YoY
-54.4%
-29.2%
EPS (diluted)
$0.44
$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
CHH
CHH
HTO
HTO
Q1 26
$340.6M
Q4 25
$390.1M
$199.4M
Q3 25
$447.3M
$243.5M
Q2 25
$426.4M
$197.8M
Q1 25
$332.9M
$164.9M
Q4 24
$389.8M
$196.5M
Q3 24
$428.0M
$216.7M
Q2 24
$435.2M
$173.1M
Net Profit
CHH
CHH
HTO
HTO
Q1 26
$20.0M
Q4 25
$63.7M
$16.2M
Q3 25
$180.0M
$45.1M
Q2 25
$81.7M
$24.7M
Q1 25
$44.5M
$16.6M
Q4 24
$75.8M
$22.9M
Q3 24
$105.7M
$38.7M
Q2 24
$87.1M
$20.7M
Operating Margin
CHH
CHH
HTO
HTO
Q1 26
17.6%
Q4 25
26.0%
16.6%
Q3 25
31.8%
26.5%
Q2 25
29.2%
22.2%
Q1 25
24.0%
21.8%
Q4 24
30.6%
22.2%
Q3 24
35.5%
26.9%
Q2 24
30.5%
23.4%
Net Margin
CHH
CHH
HTO
HTO
Q1 26
5.9%
Q4 25
16.3%
8.1%
Q3 25
40.2%
18.5%
Q2 25
19.2%
12.5%
Q1 25
13.4%
10.0%
Q4 24
19.4%
11.7%
Q3 24
24.7%
17.8%
Q2 24
20.0%
12.0%
EPS (diluted)
CHH
CHH
HTO
HTO
Q1 26
$0.44
Q4 25
$1.35
$0.45
Q3 25
$3.86
$1.27
Q2 25
$1.75
$0.71
Q1 25
$0.94
$0.49
Q4 24
$1.56
$0.70
Q3 24
$2.22
$1.17
Q2 24
$1.80
$0.64

Balance Sheet & Financial Strength

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

Metric
CHH
CHH
HTO
HTO
Cash + ST InvestmentsLiquidity on hand
$43.9M
$20.7M
Total DebtLower is stronger
$2.0B
$1.9B
Stockholders' EquityBook value
$137.4M
$1.5B
Total Assets
$2.9B
$5.1B
Debt / EquityLower = less leverage
14.58×
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHH
CHH
HTO
HTO
Q1 26
$43.9M
Q4 25
$45.0M
$20.7M
Q3 25
$52.6M
$11.3M
Q2 25
$58.6M
$19.8M
Q1 25
$40.1M
$23.7M
Q4 24
$40.2M
$11.1M
Q3 24
$58.6M
$4.0M
Q2 24
$60.4M
$22.8M
Total Debt
CHH
CHH
HTO
HTO
Q1 26
$2.0B
Q4 25
$1.9B
$1.9B
Q3 25
$1.9B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.8B
$1.7B
Q3 24
$1.8B
Q2 24
$1.9B
Stockholders' Equity
CHH
CHH
HTO
HTO
Q1 26
$137.4M
Q4 25
$181.2M
$1.5B
Q3 25
$149.8M
$1.5B
Q2 25
$-26.2M
$1.5B
Q1 25
$-63.9M
$1.4B
Q4 24
$-45.3M
$1.4B
Q3 24
$-96.2M
$1.3B
Q2 24
$-146.8M
$1.3B
Total Assets
CHH
CHH
HTO
HTO
Q1 26
$2.9B
Q4 25
$2.9B
$5.1B
Q3 25
$2.9B
$5.0B
Q2 25
$2.7B
$4.8B
Q1 25
$2.6B
$4.7B
Q4 24
$2.5B
$4.7B
Q3 24
$2.5B
$4.6B
Q2 24
$2.5B
$4.4B
Debt / Equity
CHH
CHH
HTO
HTO
Q1 26
14.58×
Q4 25
10.52×
1.23×
Q3 25
12.81×
Q2 25
Q1 25
Q4 24
1.26×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHH
CHH
HTO
HTO
Operating Cash FlowLast quarter
$63.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHH
CHH
HTO
HTO
Q1 26
Q4 25
$85.7M
$63.5M
Q3 25
$68.7M
$77.3M
Q2 25
$95.6M
$60.8M
Q1 25
$20.5M
$43.2M
Q4 24
$82.9M
$41.5M
Q3 24
$122.9M
$53.5M
Q2 24
$111.9M
$49.3M
Free Cash Flow
CHH
CHH
HTO
HTO
Q1 26
Q4 25
$64.1M
Q3 25
$49.1M
Q2 25
$65.4M
Q1 25
$-15.0M
Q4 24
$57.4M
Q3 24
$92.6M
Q2 24
$86.6M
FCF Margin
CHH
CHH
HTO
HTO
Q1 26
Q4 25
16.4%
Q3 25
11.0%
Q2 25
15.3%
Q1 25
-4.5%
Q4 24
14.7%
Q3 24
21.6%
Q2 24
19.9%
Capex Intensity
CHH
CHH
HTO
HTO
Q1 26
Q4 25
5.5%
Q3 25
4.4%
Q2 25
7.1%
Q1 25
10.7%
Q4 24
6.5%
Q3 24
7.1%
Q2 24
5.8%
Cash Conversion
CHH
CHH
HTO
HTO
Q1 26
Q4 25
1.35×
3.92×
Q3 25
0.38×
1.71×
Q2 25
1.17×
2.47×
Q1 25
0.46×
2.61×
Q4 24
1.09×
1.81×
Q3 24
1.16×
1.39×
Q2 24
1.28×
2.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHH
CHH

Franchise and management fees$149.6M44%
Other$135.8M40%
Owned hotels$30.4M9%
Partnership services and fees$24.7M7%

HTO
HTO

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

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