vs
Side-by-side financial comparison of DENNY'S Corp (DENN) 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 $113.2M, roughly 1.8× DENNY'S Corp). H2O AMERICA runs the higher net margin — 8.1% vs 0.6%, a 7.6% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs 1.3%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -0.9%).
Denny's is an American table service diner-style restaurant chain. It operates over 1,400 restaurants in the United States, Canada, México, Puerto Rico, and several other international locations.
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.
DENN vs HTO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.2M | $199.4M |
| Net Profit | $632.0K | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 9.2% | 16.6% |
| Net Margin | 0.6% | 8.1% |
| Revenue YoY | 1.3% | 1.5% |
| Net Profit YoY | -90.3% | -29.2% |
| EPS (diluted) | $0.01 | $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 | — | $199.4M | ||
| Q3 25 | $113.2M | $243.5M | ||
| Q2 25 | $117.7M | $197.8M | ||
| Q1 25 | $111.6M | $164.9M | ||
| Q4 24 | $114.7M | $196.5M | ||
| Q3 24 | $111.8M | $216.7M | ||
| Q2 24 | $115.9M | $173.1M | ||
| Q1 24 | $110.0M | $150.0M |
| Q4 25 | — | $16.2M | ||
| Q3 25 | $632.0K | $45.1M | ||
| Q2 25 | $2.5M | $24.7M | ||
| Q1 25 | $326.0K | $16.6M | ||
| Q4 24 | $6.8M | $22.9M | ||
| Q3 24 | $6.5M | $38.7M | ||
| Q2 24 | $3.6M | $20.7M | ||
| Q1 24 | $4.7M | $11.7M |
| Q4 25 | — | 16.6% | ||
| Q3 25 | 9.2% | 26.5% | ||
| Q2 25 | 7.3% | 22.2% | ||
| Q1 25 | 4.7% | 21.8% | ||
| Q4 24 | 12.6% | 22.2% | ||
| Q3 24 | 10.5% | 26.9% | ||
| Q2 24 | 7.9% | 23.4% | ||
| Q1 24 | 9.1% | 18.6% |
| Q4 25 | — | 8.1% | ||
| Q3 25 | 0.6% | 18.5% | ||
| Q2 25 | 2.1% | 12.5% | ||
| Q1 25 | 0.3% | 10.0% | ||
| Q4 24 | 5.9% | 11.7% | ||
| Q3 24 | 5.8% | 17.8% | ||
| Q2 24 | 3.1% | 12.0% | ||
| Q1 24 | 4.3% | 7.8% |
| Q4 25 | — | $0.45 | ||
| Q3 25 | $0.01 | $1.27 | ||
| Q2 25 | $0.05 | $0.71 | ||
| Q1 25 | $0.01 | $0.49 | ||
| Q4 24 | $0.13 | $0.70 | ||
| Q3 24 | $0.12 | $1.17 | ||
| Q2 24 | $0.07 | $0.64 | ||
| Q1 24 | $0.09 | $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 | — | $1.9B |
| Stockholders' EquityBook value | $-32.7M | $1.5B |
| Total Assets | $502.9M | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $20.7M | ||
| Q3 25 | — | $11.3M | ||
| Q2 25 | — | $19.8M | ||
| Q1 25 | $1.1M | $23.7M | ||
| Q4 24 | $100.0K | $11.1M | ||
| Q3 24 | $2.9M | $4.0M | ||
| Q2 24 | $2.8M | $22.8M | ||
| Q1 24 | $2.8M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $270.6M | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $-32.7M | $1.5B | ||
| Q2 25 | $-34.6M | $1.5B | ||
| Q1 25 | $-36.4M | $1.4B | ||
| Q4 24 | $-34.0M | $1.4B | ||
| Q3 24 | $-54.5M | $1.3B | ||
| Q2 24 | $-53.2M | $1.3B | ||
| Q1 24 | $-55.7M | $1.2B |
| Q4 25 | — | $5.1B | ||
| Q3 25 | $502.9M | $5.0B | ||
| Q2 25 | $491.1M | $4.8B | ||
| Q1 25 | $488.1M | $4.7B | ||
| Q4 24 | $496.3M | $4.7B | ||
| Q3 24 | $461.6M | $4.6B | ||
| Q2 24 | $459.9M | $4.4B | ||
| Q1 24 | $460.4M | $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 | $16.0M | $63.5M |
| Free Cash FlowOCF − Capex | $16.0M | — |
| FCF MarginFCF / Revenue | 14.1% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | 25.28× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.5M | ||
| Q3 25 | $16.0M | $77.3M | ||
| Q2 25 | $9.4M | $60.8M | ||
| Q1 25 | $5.0M | $43.2M | ||
| Q4 24 | $8.5M | $41.5M | ||
| Q3 24 | $6.6M | $53.5M | ||
| Q2 24 | $14.2M | $49.3M | ||
| Q1 24 | $215.0K | $51.2M |
| Q4 25 | — | — | ||
| Q3 25 | $16.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 3.92× | ||
| Q3 25 | 25.28× | 1.71× | ||
| Q2 25 | 3.79× | 2.47× | ||
| Q1 25 | 15.38× | 2.61× | ||
| Q4 24 | 1.26× | 1.81× | ||
| Q3 24 | 1.01× | 1.39× | ||
| Q2 24 | 3.97× | 2.38× | ||
| Q1 24 | 0.05× | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
