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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) and H2O AMERICA (HTO). Click either name above to swap in a different company.
Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $199.4M, roughly 1.2× H2O AMERICA). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 8.1%, a 19.8% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs 0.9%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 10.7%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
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.
DOUG vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $199.4M |
| Net Profit | $68.6M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 16.6% |
| Net Margin | 27.9% | 8.1% |
| Revenue YoY | 0.9% | 1.5% |
| Net Profit YoY | 1243.4% | -29.2% |
| EPS (diluted) | $0.80 | $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 | $245.4M | $199.4M | ||
| Q3 25 | $262.8M | $243.5M | ||
| Q2 25 | $271.4M | $197.8M | ||
| Q1 25 | $253.4M | $164.9M | ||
| Q4 24 | $243.3M | $196.5M | ||
| Q3 24 | $266.3M | $216.7M | ||
| Q2 24 | $285.8M | $173.1M | ||
| Q1 24 | $200.2M | $150.0M |
| Q4 25 | $68.6M | $16.2M | ||
| Q3 25 | $-24.7M | $45.1M | ||
| Q2 25 | $-22.7M | $24.7M | ||
| Q1 25 | $-6.0M | $16.6M | ||
| Q4 24 | $-6.0M | $22.9M | ||
| Q3 24 | $-27.2M | $38.7M | ||
| Q2 24 | $-1.7M | $20.7M | ||
| Q1 24 | $-41.5M | $11.7M |
| Q4 25 | 27.3% | 16.6% | ||
| Q3 25 | -4.1% | 26.5% | ||
| Q2 25 | -2.0% | 22.2% | ||
| Q1 25 | -2.1% | 21.8% | ||
| Q4 24 | -6.7% | 22.2% | ||
| Q3 24 | -2.8% | 26.9% | ||
| Q2 24 | -1.3% | 23.4% | ||
| Q1 24 | -20.7% | 18.6% |
| Q4 25 | 27.9% | 8.1% | ||
| Q3 25 | -9.4% | 18.5% | ||
| Q2 25 | -8.4% | 12.5% | ||
| Q1 25 | -2.4% | 10.0% | ||
| Q4 24 | -2.5% | 11.7% | ||
| Q3 24 | -10.2% | 17.8% | ||
| Q2 24 | -0.6% | 12.0% | ||
| Q1 24 | -20.7% | 7.8% |
| Q4 25 | $0.80 | $0.45 | ||
| Q3 25 | $-0.29 | $1.27 | ||
| Q2 25 | $-0.27 | $0.71 | ||
| Q1 25 | $-0.07 | $0.49 | ||
| Q4 24 | $-0.06 | $0.70 | ||
| Q3 24 | $-0.33 | $1.17 | ||
| Q2 24 | $-0.02 | $0.64 | ||
| Q1 24 | $-0.50 | $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 | $115.5M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $183.9M | $1.5B |
| Total Assets | $444.4M | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | $20.7M | ||
| Q3 25 | $143.0M | $11.3M | ||
| Q2 25 | $136.3M | $19.8M | ||
| Q1 25 | $136.8M | $23.7M | ||
| Q4 24 | $145.5M | $11.1M | ||
| Q3 24 | $151.4M | $4.0M | ||
| Q2 24 | $92.9M | $22.8M | ||
| Q1 24 | $91.5M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $183.9M | $1.5B | ||
| Q3 25 | $115.1M | $1.5B | ||
| Q2 25 | $137.6M | $1.5B | ||
| Q1 25 | $158.2M | $1.4B | ||
| Q4 24 | $162.2M | $1.4B | ||
| Q3 24 | $173.6M | $1.3B | ||
| Q2 24 | $196.9M | $1.3B | ||
| Q1 24 | $195.1M | $1.2B |
| Q4 25 | $444.4M | $5.1B | ||
| Q3 25 | $480.6M | $5.0B | ||
| Q2 25 | $489.0M | $4.8B | ||
| Q1 25 | $493.9M | $4.7B | ||
| Q4 24 | $493.9M | $4.7B | ||
| Q3 24 | $502.7M | $4.6B | ||
| Q2 24 | $463.9M | $4.4B | ||
| Q1 24 | $461.1M | $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 | $-14.4M | $63.5M |
| Free Cash FlowOCF − Capex | $-14.7M | — |
| FCF MarginFCF / Revenue | -6.0% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | -0.21× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $63.5M | ||
| Q3 25 | $5.5M | $77.3M | ||
| Q2 25 | $642.0K | $60.8M | ||
| Q1 25 | $-5.6M | $43.2M | ||
| Q4 24 | $-9.0M | $41.5M | ||
| Q3 24 | $9.0M | $53.5M | ||
| Q2 24 | $1.3M | $49.3M | ||
| Q1 24 | $-27.3M | $51.2M |
| Q4 25 | $-14.7M | — | ||
| Q3 25 | $4.7M | — | ||
| Q2 25 | $-575.0K | — | ||
| Q1 25 | $-6.7M | — | ||
| Q4 24 | $-10.2M | — | ||
| Q3 24 | $7.7M | — | ||
| Q2 24 | $432.0K | — | ||
| Q1 24 | $-29.4M | — |
| Q4 25 | -6.0% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -2.6% | — | ||
| Q4 24 | -4.2% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | -14.7% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 1.0% | — |
| Q4 25 | -0.21× | 3.92× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 2.38× | ||
| Q1 24 | — | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
