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Side-by-side financial comparison of Freshworks Inc. (FRSH) and H2O AMERICA (HTO). Click either name above to swap in a different company.
Freshworks Inc. is the larger business by last-quarter revenue ($222.7M vs $199.4M, roughly 1.1× H2O AMERICA). Freshworks Inc. runs the higher net margin — 86.0% vs 8.1%, a 77.8% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs 1.5%). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 15.3%).
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
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.
FRSH vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $199.4M |
| Net Profit | $191.4M | $16.2M |
| Gross Margin | 85.6% | — |
| Operating Margin | 17.8% | 16.6% |
| Net Margin | 86.0% | 8.1% |
| Revenue YoY | 14.5% | 1.5% |
| Net Profit YoY | 974.2% | -29.2% |
| EPS (diluted) | $0.66 | $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 | $222.7M | $199.4M | ||
| Q3 25 | $215.1M | $243.5M | ||
| Q2 25 | $204.7M | $197.8M | ||
| Q1 25 | $196.3M | $164.9M | ||
| Q4 24 | $194.6M | $196.5M | ||
| Q3 24 | $186.6M | $216.7M | ||
| Q2 24 | $174.1M | $173.1M | ||
| Q1 24 | $165.1M | $150.0M |
| Q4 25 | $191.4M | $16.2M | ||
| Q3 25 | $-4.7M | $45.1M | ||
| Q2 25 | $-1.7M | $24.7M | ||
| Q1 25 | $-1.3M | $16.6M | ||
| Q4 24 | $-21.9M | $22.9M | ||
| Q3 24 | $-30.0M | $38.7M | ||
| Q2 24 | $-20.2M | $20.7M | ||
| Q1 24 | $-23.3M | $11.7M |
| Q4 25 | 85.6% | — | ||
| Q3 25 | 84.7% | — | ||
| Q2 25 | 84.8% | — | ||
| Q1 25 | 84.8% | — | ||
| Q4 24 | 84.9% | — | ||
| Q3 24 | 84.0% | — | ||
| Q2 24 | 83.8% | — | ||
| Q1 24 | 84.3% | — |
| Q4 25 | 17.8% | 16.6% | ||
| Q3 25 | -3.5% | 26.5% | ||
| Q2 25 | -4.2% | 22.2% | ||
| Q1 25 | -5.3% | 21.8% | ||
| Q4 24 | -12.2% | 22.2% | ||
| Q3 24 | -20.8% | 26.9% | ||
| Q2 24 | -25.1% | 23.4% | ||
| Q1 24 | -19.5% | 18.6% |
| Q4 25 | 86.0% | 8.1% | ||
| Q3 25 | -2.2% | 18.5% | ||
| Q2 25 | -0.8% | 12.5% | ||
| Q1 25 | -0.7% | 10.0% | ||
| Q4 24 | -11.3% | 11.7% | ||
| Q3 24 | -16.1% | 17.8% | ||
| Q2 24 | -11.6% | 12.0% | ||
| Q1 24 | -14.1% | 7.8% |
| Q4 25 | $0.66 | $0.45 | ||
| Q3 25 | $-0.02 | $1.27 | ||
| Q2 25 | $-0.01 | $0.71 | ||
| Q1 25 | $0.00 | $0.49 | ||
| Q4 24 | $-0.07 | $0.70 | ||
| Q3 24 | $-0.10 | $1.17 | ||
| Q2 24 | $-0.07 | $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 | $781.4M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $1.0B | $1.5B |
| Total Assets | $1.6B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $781.4M | $20.7M | ||
| Q3 25 | $813.2M | $11.3M | ||
| Q2 25 | $926.2M | $19.8M | ||
| Q1 25 | $995.3M | $23.7M | ||
| Q4 24 | $1.1B | $11.1M | ||
| Q3 24 | $1.1B | $4.0M | ||
| Q2 24 | $1.0B | $22.8M | ||
| Q1 24 | $1.2B | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $851.5M | $1.5B | ||
| Q2 25 | $984.6M | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.1B | $1.2B |
| Q4 25 | $1.6B | $5.1B | ||
| Q3 25 | $1.4B | $5.0B | ||
| Q2 25 | $1.5B | $4.8B | ||
| Q1 25 | $1.5B | $4.7B | ||
| Q4 24 | $1.6B | $4.7B | ||
| Q3 24 | $1.6B | $4.6B | ||
| Q2 24 | $1.5B | $4.4B | ||
| Q1 24 | $1.5B | $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 | $62.3M | $63.5M |
| Free Cash FlowOCF − Capex | $60.1M | — |
| FCF MarginFCF / Revenue | 27.0% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | 0.33× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | $63.5M | ||
| Q3 25 | $63.5M | $77.3M | ||
| Q2 25 | $58.6M | $60.8M | ||
| Q1 25 | $58.0M | $43.2M | ||
| Q4 24 | $41.4M | $41.5M | ||
| Q3 24 | $42.3M | $53.5M | ||
| Q2 24 | $36.3M | $49.3M | ||
| Q1 24 | $40.6M | $51.2M |
| Q4 25 | $60.1M | — | ||
| Q3 25 | $61.7M | — | ||
| Q2 25 | $58.2M | — | ||
| Q1 25 | $56.7M | — | ||
| Q4 24 | $36.3M | — | ||
| Q3 24 | $41.3M | — | ||
| Q2 24 | $34.0M | — | ||
| Q1 24 | $39.9M | — |
| Q4 25 | 27.0% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.4% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 19.5% | — | ||
| Q1 24 | 24.1% | — |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 0.4% | — |
| Q4 25 | 0.33× | 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
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
