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Side-by-side financial comparison of Cricut, Inc. (CRCT) 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 $159.5M, roughly 1.3× Cricut, Inc.). Cricut, Inc. runs the higher net margin — 12.7% vs 8.1%, a 4.6% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -1.9%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -2.6%).
Cricut, Inc. is an American brand of cutting plotters, or computer-controlled cutting machines, designed for home crafters. The machines are used for cutting paper, felt, vinyl, fabric and other materials such as leather, matboard, and wood.
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.
CRCT vs HTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.5M | $199.4M |
| Net Profit | $20.3M | $16.2M |
| Gross Margin | 58.1% | — |
| Operating Margin | 14.4% | 16.6% |
| Net Margin | 12.7% | 8.1% |
| Revenue YoY | -1.9% | 1.5% |
| Net Profit YoY | — | -29.2% |
| EPS (diluted) | $0.10 | $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.
| Q1 26 | $159.5M | — | ||
| Q4 25 | $203.6M | $199.4M | ||
| Q3 25 | $170.4M | $243.5M | ||
| Q2 25 | $172.1M | $197.8M | ||
| Q1 25 | $162.6M | $164.9M | ||
| Q4 24 | $209.3M | $196.5M | ||
| Q3 24 | $167.9M | $216.7M | ||
| Q2 24 | $167.9M | $173.1M |
| Q1 26 | $20.3M | — | ||
| Q4 25 | $7.8M | $16.2M | ||
| Q3 25 | $20.5M | $45.1M | ||
| Q2 25 | $24.5M | $24.7M | ||
| Q1 25 | $23.9M | $16.6M | ||
| Q4 24 | $11.9M | $22.9M | ||
| Q3 24 | $11.5M | $38.7M | ||
| Q2 24 | $19.8M | $20.7M |
| Q1 26 | 58.1% | — | ||
| Q4 25 | 47.4% | — | ||
| Q3 25 | 55.2% | — | ||
| Q2 25 | 59.0% | — | ||
| Q1 25 | 60.5% | — | ||
| Q4 24 | 44.9% | — | ||
| Q3 24 | 46.1% | — | ||
| Q2 24 | 53.5% | — |
| Q1 26 | 14.4% | — | ||
| Q4 25 | 6.8% | 16.6% | ||
| Q3 25 | 13.3% | 26.5% | ||
| Q2 25 | 17.5% | 22.2% | ||
| Q1 25 | 18.0% | 21.8% | ||
| Q4 24 | 6.6% | 22.2% | ||
| Q3 24 | 6.3% | 26.9% | ||
| Q2 24 | 15.7% | 23.4% |
| Q1 26 | 12.7% | — | ||
| Q4 25 | 3.8% | 8.1% | ||
| Q3 25 | 12.0% | 18.5% | ||
| Q2 25 | 14.2% | 12.5% | ||
| Q1 25 | 14.7% | 10.0% | ||
| Q4 24 | 5.7% | 11.7% | ||
| Q3 24 | 6.8% | 17.8% | ||
| Q2 24 | 11.8% | 12.0% |
| Q1 26 | $0.10 | — | ||
| Q4 25 | $0.03 | $0.45 | ||
| Q3 25 | $0.10 | $1.27 | ||
| Q2 25 | $0.11 | $0.71 | ||
| Q1 25 | $0.11 | $0.49 | ||
| Q4 24 | $0.06 | $0.70 | ||
| Q3 24 | $0.05 | $1.17 | ||
| Q2 24 | $0.09 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $236.5M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $357.5M | $1.5B |
| Total Assets | $543.8M | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $236.5M | — | ||
| Q4 25 | $275.6M | $20.7M | ||
| Q3 25 | $207.1M | $11.3M | ||
| Q2 25 | $376.9M | $19.8M | ||
| Q1 25 | $356.7M | $23.7M | ||
| Q4 24 | $336.9M | $11.1M | ||
| Q3 24 | $246.9M | $4.0M | ||
| Q2 24 | $299.5M | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $357.5M | — | ||
| Q4 25 | $343.6M | $1.5B | ||
| Q3 25 | $358.4M | $1.5B | ||
| Q2 25 | $308.9M | $1.5B | ||
| Q1 25 | $490.2M | $1.4B | ||
| Q4 24 | $466.8M | $1.4B | ||
| Q3 24 | $475.8M | $1.3B | ||
| Q2 24 | $448.5M | $1.3B |
| Q1 26 | $543.8M | — | ||
| Q4 25 | $580.8M | $5.1B | ||
| Q3 25 | $564.3M | $5.0B | ||
| Q2 25 | $721.5M | $4.8B | ||
| Q1 25 | $681.7M | $4.7B | ||
| Q4 24 | $693.0M | $4.7B | ||
| Q3 24 | $663.8M | $4.6B | ||
| Q2 24 | $742.1M | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| 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 | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $82.4M | $63.5M | ||
| Q3 25 | $20.5M | $77.3M | ||
| Q2 25 | $36.2M | $60.8M | ||
| Q1 25 | $61.2M | $43.2M | ||
| Q4 24 | $103.1M | $41.5M | ||
| Q3 24 | $70.2M | $53.5M | ||
| Q2 24 | $35.0M | $49.3M |
| Q1 26 | — | — | ||
| Q4 25 | 10.58× | 3.92× | ||
| Q3 25 | 1.00× | 1.71× | ||
| Q2 25 | 1.48× | 2.47× | ||
| Q1 25 | 2.56× | 2.61× | ||
| Q4 24 | 8.64× | 1.81× | ||
| Q3 24 | 6.11× | 1.39× | ||
| Q2 24 | 1.77× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRCT
| Platform | $84.8M | 53% |
| Products | $74.7M | 47% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
