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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and H2O AMERICA (HTO). Click either name above to swap in a different company.
FOX FACTORY HOLDING CORP is the larger business by last-quarter revenue ($376.4M vs $199.4M, roughly 1.9× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs -0.2%, a 8.3% gap on every dollar of revenue. On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (4.8% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 6.4%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
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.
FOXF vs HTO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $199.4M |
| Net Profit | $-634.0K | $16.2M |
| Gross Margin | 30.4% | — |
| Operating Margin | 4.0% | 16.6% |
| Net Margin | -0.2% | 8.1% |
| Revenue YoY | 4.8% | 1.5% |
| Net Profit YoY | -113.3% | -29.2% |
| EPS (diluted) | $-0.02 | $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 | $376.4M | $199.4M | ||
| Q3 25 | $374.9M | $243.5M | ||
| Q2 25 | $355.0M | $197.8M | ||
| Q1 25 | $352.8M | $164.9M | ||
| Q4 24 | — | $196.5M | ||
| Q3 24 | $359.1M | $216.7M | ||
| Q2 24 | $348.5M | $173.1M | ||
| Q1 24 | $333.5M | $150.0M |
| Q4 25 | $-634.0K | $16.2M | ||
| Q3 25 | $2.7M | $45.1M | ||
| Q2 25 | $-259.7M | $24.7M | ||
| Q1 25 | $-141.0K | $16.6M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | $4.8M | $38.7M | ||
| Q2 24 | $5.4M | $20.7M | ||
| Q1 24 | $-3.5M | $11.7M |
| Q4 25 | 30.4% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 29.9% | — | ||
| Q2 24 | 31.8% | — | ||
| Q1 24 | 30.9% | — |
| Q4 25 | 4.0% | 16.6% | ||
| Q3 25 | 4.9% | 26.5% | ||
| Q2 25 | -70.6% | 22.2% | ||
| Q1 25 | 3.2% | 21.8% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | 5.2% | 26.9% | ||
| Q2 24 | 5.3% | 23.4% | ||
| Q1 24 | 2.7% | 18.6% |
| Q4 25 | -0.2% | 8.1% | ||
| Q3 25 | 0.7% | 18.5% | ||
| Q2 25 | -73.1% | 12.5% | ||
| Q1 25 | -0.0% | 10.0% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 1.3% | 17.8% | ||
| Q2 24 | 1.6% | 12.0% | ||
| Q1 24 | -1.0% | 7.8% |
| Q4 25 | $-0.02 | $0.45 | ||
| Q3 25 | $0.07 | $1.27 | ||
| Q2 25 | $-6.23 | $0.71 | ||
| Q1 25 | $0.00 | $0.49 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | $0.11 | $1.17 | ||
| Q2 24 | $0.13 | $0.64 | ||
| Q1 24 | $-0.08 | $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 | $536.7M | $1.9B |
| Stockholders' EquityBook value | $956.0M | $1.5B |
| Total Assets | $2.0B | $5.1B |
| Debt / EquityLower = less leverage | 0.56× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $20.7M | ||
| Q3 25 | — | $11.3M | ||
| Q2 25 | — | $19.8M | ||
| Q1 25 | $71.7M | $23.7M | ||
| Q4 24 | — | $11.1M | ||
| Q3 24 | — | $4.0M | ||
| Q2 24 | — | $22.8M | ||
| Q1 24 | — | $4.5M |
| Q4 25 | $536.7M | $1.9B | ||
| Q3 25 | $541.8M | — | ||
| Q2 25 | $546.9M | — | ||
| Q1 25 | $552.1M | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $558.4M | — | ||
| Q2 24 | $564.1M | — | ||
| Q1 24 | $370.4M | — |
| Q4 25 | $956.0M | $1.5B | ||
| Q3 25 | $958.7M | $1.5B | ||
| Q2 25 | $939.9M | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | $2.0B | $5.1B | ||
| Q3 25 | $2.0B | $5.0B | ||
| Q2 25 | $1.9B | $4.8B | ||
| Q1 25 | $2.2B | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $2.3B | $4.6B | ||
| Q2 24 | $2.3B | $4.4B | ||
| Q1 24 | $2.2B | $4.4B |
| Q4 25 | 0.56× | 1.23× | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.31× | — |
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 | $5.3M | $63.5M |
| Free Cash FlowOCF − Capex | $-2.5M | — |
| FCF MarginFCF / Revenue | -0.7% | — |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $63.5M | ||
| Q3 25 | $36.8M | $77.3M | ||
| Q2 25 | $680.0K | $60.8M | ||
| Q1 25 | $81.7M | $43.2M | ||
| Q4 24 | — | $41.5M | ||
| Q3 24 | $14.1M | $53.5M | ||
| Q2 24 | $26.7M | $49.3M | ||
| Q1 24 | $9.4M | $51.2M |
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $24.6M | — | ||
| Q2 25 | $-6.5M | — | ||
| Q1 25 | $69.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $15.4M | — | ||
| Q1 24 | $-555.0K | — |
| Q4 25 | -0.7% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | -1.8% | — | ||
| Q1 25 | 19.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | -0.2% | — |
| Q4 25 | 2.1% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 3.0% | — |
| Q4 25 | — | 3.92× | ||
| Q3 25 | 13.41× | 1.71× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 2.94× | 1.39× | ||
| Q2 24 | 4.94× | 2.38× | ||
| Q1 24 | — | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
