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Side-by-side financial comparison of ENNIS, INC. (EBF) 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 $100.2M, roughly 2.0× ENNIS, INC.). ENNIS, INC. runs the higher net margin — 10.8% vs 8.1%, a 2.7% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs 0.4%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 1.4%).
ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.
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.
EBF vs HTO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $100.2M | $199.4M |
| Net Profit | $10.8M | $16.2M |
| Gross Margin | 31.9% | — |
| Operating Margin | 15.0% | 16.6% |
| Net Margin | 10.8% | 8.1% |
| Revenue YoY | 0.4% | 1.5% |
| Net Profit YoY | 6.1% | -29.2% |
| EPS (diluted) | $0.42 | $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 | $100.2M | $199.4M | ||
| Q3 25 | $98.7M | $243.5M | ||
| Q2 25 | $97.2M | $197.8M | ||
| Q1 25 | $92.7M | $164.9M | ||
| Q4 24 | $99.8M | $196.5M | ||
| Q3 24 | $99.0M | $216.7M | ||
| Q2 24 | $103.1M | $173.1M | ||
| Q1 24 | $97.4M | $150.0M |
| Q4 25 | $10.8M | $16.2M | ||
| Q3 25 | $13.2M | $45.1M | ||
| Q2 25 | $9.8M | $24.7M | ||
| Q1 25 | $9.0M | $16.6M | ||
| Q4 24 | $10.2M | $22.9M | ||
| Q3 24 | $10.3M | $38.7M | ||
| Q2 24 | $10.7M | $20.7M | ||
| Q1 24 | $10.1M | $11.7M |
| Q4 25 | 31.9% | — | ||
| Q3 25 | 30.5% | — | ||
| Q2 25 | 31.1% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 29.3% | — | ||
| Q3 24 | 30.1% | — | ||
| Q2 24 | 30.0% | — | ||
| Q1 24 | 28.4% | — |
| Q4 25 | 15.0% | 16.6% | ||
| Q3 25 | 12.5% | 26.5% | ||
| Q2 25 | 13.7% | 22.2% | ||
| Q1 25 | 13.0% | 21.8% | ||
| Q4 24 | 13.1% | 22.2% | ||
| Q3 24 | 13.3% | 26.9% | ||
| Q2 24 | 13.3% | 23.4% | ||
| Q1 24 | 13.3% | 18.6% |
| Q4 25 | 10.8% | 8.1% | ||
| Q3 25 | 13.3% | 18.5% | ||
| Q2 25 | 10.1% | 12.5% | ||
| Q1 25 | 9.7% | 10.0% | ||
| Q4 24 | 10.2% | 11.7% | ||
| Q3 24 | 10.4% | 17.8% | ||
| Q2 24 | 10.4% | 12.0% | ||
| Q1 24 | 10.4% | 7.8% |
| Q4 25 | $0.42 | $0.45 | ||
| Q3 25 | $0.51 | $1.27 | ||
| Q2 25 | $0.38 | $0.71 | ||
| Q1 25 | $0.34 | $0.49 | ||
| Q4 24 | $0.39 | $0.70 | ||
| Q3 24 | $0.40 | $1.17 | ||
| Q2 24 | $0.41 | $0.64 | ||
| Q1 24 | $0.39 | $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 | $31.3M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $304.8M | $1.5B |
| Total Assets | $354.3M | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.3M | $20.7M | ||
| Q3 25 | $31.9M | $11.3M | ||
| Q2 25 | $32.6M | $19.8M | ||
| Q1 25 | $72.5M | $23.7M | ||
| Q4 24 | $68.6M | $11.1M | ||
| Q3 24 | $122.6M | $4.0M | ||
| Q2 24 | $123.7M | $22.8M | ||
| Q1 24 | $110.9M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $304.8M | $1.5B | ||
| Q3 25 | $305.4M | $1.5B | ||
| Q2 25 | $301.2M | $1.5B | ||
| Q1 25 | $302.0M | $1.4B | ||
| Q4 24 | $297.7M | $1.4B | ||
| Q3 24 | $358.4M | $1.3B | ||
| Q2 24 | $354.4M | $1.3B | ||
| Q1 24 | $349.8M | $1.2B |
| Q4 25 | $354.3M | $5.1B | ||
| Q3 25 | $361.8M | $5.0B | ||
| Q2 25 | $361.7M | $4.8B | ||
| Q1 25 | $348.9M | $4.7B | ||
| Q4 24 | $346.1M | $4.7B | ||
| Q3 24 | $406.8M | $4.6B | ||
| Q2 24 | $406.2M | $4.4B | ||
| Q1 24 | $399.2M | $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 | $16.4M | $63.5M |
| Free Cash FlowOCF − Capex | $15.7M | — |
| FCF MarginFCF / Revenue | 15.7% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | 1.52× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $42.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.4M | $63.5M | ||
| Q3 25 | $10.5M | $77.3M | ||
| Q2 25 | $8.0M | $60.8M | ||
| Q1 25 | $12.8M | $43.2M | ||
| Q4 24 | $18.2M | $41.5M | ||
| Q3 24 | $11.8M | $53.5M | ||
| Q2 24 | $23.1M | $49.3M | ||
| Q1 24 | $16.6M | $51.2M |
| Q4 25 | $15.7M | — | ||
| Q3 25 | $9.0M | — | ||
| Q2 25 | $6.6M | — | ||
| Q1 25 | $11.1M | — | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $10.7M | — | ||
| Q2 24 | $20.6M | — | ||
| Q1 24 | $15.0M | — |
| Q4 25 | 15.7% | — | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 20.0% | — | ||
| Q1 24 | 15.3% | — |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | 1.52× | 3.92× | ||
| Q3 25 | 0.80× | 1.71× | ||
| Q2 25 | 0.81× | 2.47× | ||
| Q1 25 | 1.41× | 2.61× | ||
| Q4 24 | 1.78× | 1.81× | ||
| Q3 24 | 1.15× | 1.39× | ||
| Q2 24 | 2.16× | 2.38× | ||
| Q1 24 | 1.63× | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EBF
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
