vs
Side-by-side financial comparison of ESCO TECHNOLOGIES INC (ESE) and H2O AMERICA (HTO). Click either name above to swap in a different company.
ESCO TECHNOLOGIES INC is the larger business by last-quarter revenue ($289.7M vs $199.4M, roughly 1.5× H2O AMERICA). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs 8.1%, a 1.8% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 7.8%).
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
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.
ESE vs HTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $289.7M | $199.4M |
| Net Profit | $28.7M | $16.2M |
| Gross Margin | 41.4% | — |
| Operating Margin | 13.2% | 16.6% |
| Net Margin | 9.9% | 8.1% |
| Revenue YoY | 17.3% | 1.5% |
| Net Profit YoY | 22.2% | -29.2% |
| EPS (diluted) | $1.11 | $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 | $289.7M | $199.4M | ||
| Q3 25 | $286.5M | $243.5M | ||
| Q2 25 | $296.3M | $197.8M | ||
| Q1 25 | $265.5M | $164.9M | ||
| Q4 24 | $247.0M | $196.5M | ||
| Q3 24 | $298.5M | $216.7M | ||
| Q2 24 | $260.8M | $173.1M | ||
| Q1 24 | $249.1M | $150.0M |
| Q4 25 | $28.7M | $16.2M | ||
| Q3 25 | $218.7M | $45.1M | ||
| Q2 25 | $26.1M | $24.7M | ||
| Q1 25 | $31.0M | $16.6M | ||
| Q4 24 | $23.5M | $22.9M | ||
| Q3 24 | $34.3M | $38.7M | ||
| Q2 24 | $29.2M | $20.7M | ||
| Q1 24 | $23.2M | $11.7M |
| Q4 25 | 41.4% | — | ||
| Q3 25 | 45.9% | — | ||
| Q2 25 | 41.2% | — | ||
| Q1 25 | 41.1% | — | ||
| Q4 24 | 39.8% | — | ||
| Q3 24 | 40.1% | — | ||
| Q2 24 | 39.6% | — | ||
| Q1 24 | 38.8% | — |
| Q4 25 | 13.2% | 16.6% | ||
| Q3 25 | 17.2% | 26.5% | ||
| Q2 25 | 11.2% | 22.2% | ||
| Q1 25 | 15.3% | 21.8% | ||
| Q4 24 | 11.4% | 22.2% | ||
| Q3 24 | 14.8% | 26.9% | ||
| Q2 24 | 14.3% | 23.4% | ||
| Q1 24 | 11.7% | 18.6% |
| Q4 25 | 9.9% | 8.1% | ||
| Q3 25 | 76.3% | 18.5% | ||
| Q2 25 | 8.8% | 12.5% | ||
| Q1 25 | 11.7% | 10.0% | ||
| Q4 24 | 9.5% | 11.7% | ||
| Q3 24 | 11.5% | 17.8% | ||
| Q2 24 | 11.2% | 12.0% | ||
| Q1 24 | 9.3% | 7.8% |
| Q4 25 | $1.11 | $0.45 | ||
| Q3 25 | $8.43 | $1.27 | ||
| Q2 25 | $1.01 | $0.71 | ||
| Q1 25 | $1.20 | $0.49 | ||
| Q4 24 | $0.91 | $0.70 | ||
| Q3 24 | $1.32 | $1.17 | ||
| Q2 24 | $1.13 | $0.64 | ||
| Q1 24 | $0.90 | $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 | $103.8M | $20.7M |
| Total DebtLower is stronger | $145.5M | $1.9B |
| Stockholders' EquityBook value | $1.6B | $1.5B |
| Total Assets | $2.4B | $5.1B |
| Debt / EquityLower = less leverage | 0.09× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.8M | $20.7M | ||
| Q3 25 | $101.3M | $11.3M | ||
| Q2 25 | $78.7M | $19.8M | ||
| Q1 25 | $57.4M | $23.7M | ||
| Q4 24 | $71.3M | $11.1M | ||
| Q3 24 | $66.0M | $4.0M | ||
| Q2 24 | $63.0M | $22.8M | ||
| Q1 24 | $59.4M | $4.5M |
| Q4 25 | $145.5M | $1.9B | ||
| Q3 25 | $186.0M | — | ||
| Q2 25 | $525.0M | — | ||
| Q1 25 | $88.0M | — | ||
| Q4 24 | $112.0M | $1.7B | ||
| Q3 24 | $122.0M | — | ||
| Q2 24 | $173.0M | — | ||
| Q1 24 | $191.0M | — |
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | $2.4B | $5.1B | ||
| Q3 25 | $2.4B | $5.0B | ||
| Q2 25 | $2.5B | $4.8B | ||
| Q1 25 | $1.8B | $4.7B | ||
| Q4 24 | $1.8B | $4.7B | ||
| Q3 24 | $1.8B | $4.6B | ||
| Q2 24 | $1.8B | $4.4B | ||
| Q1 24 | $1.8B | $4.4B |
| Q4 25 | 0.09× | 1.23× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.09× | 1.26× | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.16× | — |
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 | $68.9M | $63.5M |
| Free Cash FlowOCF − Capex | $63.0M | — |
| FCF MarginFCF / Revenue | 21.7% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | 2.40× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $239.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.9M | $63.5M | ||
| Q3 25 | $109.9M | $77.3M | ||
| Q2 25 | $73.7M | $60.8M | ||
| Q1 25 | $24.1M | $43.2M | ||
| Q4 24 | $34.2M | $41.5M | ||
| Q3 24 | $72.1M | $53.5M | ||
| Q2 24 | $36.2M | $49.3M | ||
| Q1 24 | $10.5M | $51.2M |
| Q4 25 | $63.0M | — | ||
| Q3 25 | $97.8M | — | ||
| Q2 25 | $64.9M | — | ||
| Q1 25 | $14.0M | — | ||
| Q4 24 | $29.0M | — | ||
| Q3 24 | $60.9M | — | ||
| Q2 24 | $27.6M | — | ||
| Q1 24 | $2.0M | — |
| Q4 25 | 21.7% | — | ||
| Q3 25 | 34.1% | — | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 5.3% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 20.4% | — | ||
| Q2 24 | 10.6% | — | ||
| Q1 24 | 0.8% | — |
| Q4 25 | 2.0% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 2.40× | 3.92× | ||
| Q3 25 | 0.50× | 1.71× | ||
| Q2 25 | 2.83× | 2.47× | ||
| Q1 25 | 0.78× | 2.61× | ||
| Q4 24 | 1.46× | 1.81× | ||
| Q3 24 | 2.10× | 1.39× | ||
| Q2 24 | 1.24× | 2.38× | ||
| Q1 24 | 0.45× | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
