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Side-by-side financial comparison of Fastly, Inc. (FSLY) 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 $172.6M, roughly 1.2× Fastly, Inc.). H2O AMERICA runs the higher net margin — 8.1% vs -9.0%, a 17.1% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 13.7%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
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.
FSLY vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $199.4M |
| Net Profit | $-15.5M | $16.2M |
| Gross Margin | 61.4% | — |
| Operating Margin | -8.7% | 16.6% |
| Net Margin | -9.0% | 8.1% |
| Revenue YoY | 22.8% | 1.5% |
| Net Profit YoY | 52.9% | -29.2% |
| EPS (diluted) | $-0.10 | $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 | $172.6M | $199.4M | ||
| Q3 25 | $158.2M | $243.5M | ||
| Q2 25 | $148.7M | $197.8M | ||
| Q1 25 | $144.5M | $164.9M | ||
| Q4 24 | $140.6M | $196.5M | ||
| Q3 24 | $137.2M | $216.7M | ||
| Q2 24 | $132.4M | $173.1M | ||
| Q1 24 | $133.5M | $150.0M |
| Q4 25 | $-15.5M | $16.2M | ||
| Q3 25 | $-29.5M | $45.1M | ||
| Q2 25 | $-37.5M | $24.7M | ||
| Q1 25 | $-39.1M | $16.6M | ||
| Q4 24 | $-32.9M | $22.9M | ||
| Q3 24 | $-38.0M | $38.7M | ||
| Q2 24 | $-43.7M | $20.7M | ||
| Q1 24 | $-43.4M | $11.7M |
| Q4 25 | 61.4% | — | ||
| Q3 25 | 58.4% | — | ||
| Q2 25 | 54.5% | — | ||
| Q1 25 | 53.2% | — | ||
| Q4 24 | 53.4% | — | ||
| Q3 24 | 54.5% | — | ||
| Q2 24 | 55.1% | — | ||
| Q1 24 | 54.8% | — |
| Q4 25 | -8.7% | 16.6% | ||
| Q3 25 | -18.2% | 26.5% | ||
| Q2 25 | -24.8% | 22.2% | ||
| Q1 25 | -26.4% | 21.8% | ||
| Q4 24 | -24.4% | 22.2% | ||
| Q3 24 | -29.6% | 26.9% | ||
| Q2 24 | -35.3% | 23.4% | ||
| Q1 24 | -34.6% | 18.6% |
| Q4 25 | -9.0% | 8.1% | ||
| Q3 25 | -18.6% | 18.5% | ||
| Q2 25 | -25.2% | 12.5% | ||
| Q1 25 | -27.1% | 10.0% | ||
| Q4 24 | -23.4% | 11.7% | ||
| Q3 24 | -27.7% | 17.8% | ||
| Q2 24 | -33.0% | 12.0% | ||
| Q1 24 | -32.5% | 7.8% |
| Q4 25 | $-0.10 | $0.45 | ||
| Q3 25 | $-0.20 | $1.27 | ||
| Q2 25 | $-0.26 | $0.71 | ||
| Q1 25 | $-0.27 | $0.49 | ||
| Q4 24 | $-0.23 | $0.70 | ||
| Q3 24 | $-0.27 | $1.17 | ||
| Q2 24 | $-0.32 | $0.64 | ||
| Q1 24 | $-0.32 | $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 | $361.8M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $929.6M | $1.5B |
| Total Assets | $1.5B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $20.7M | ||
| Q3 25 | $342.9M | $11.3M | ||
| Q2 25 | $321.2M | $19.8M | ||
| Q1 25 | $307.3M | $23.7M | ||
| Q4 24 | $295.9M | $11.1M | ||
| Q3 24 | $308.2M | $4.0M | ||
| Q2 24 | $311.8M | $22.8M | ||
| Q1 24 | $329.5M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $929.6M | $1.5B | ||
| Q3 25 | $937.0M | $1.5B | ||
| Q2 25 | $942.6M | $1.5B | ||
| Q1 25 | $957.0M | $1.4B | ||
| Q4 24 | $965.3M | $1.4B | ||
| Q3 24 | $969.5M | $1.3B | ||
| Q2 24 | $981.2M | $1.3B | ||
| Q1 24 | $991.8M | $1.2B |
| Q4 25 | $1.5B | $5.1B | ||
| Q3 25 | $1.5B | $5.0B | ||
| Q2 25 | $1.5B | $4.8B | ||
| Q1 25 | $1.4B | $4.7B | ||
| Q4 24 | $1.5B | $4.7B | ||
| Q3 24 | $1.5B | $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 | $22.4M | $63.5M |
| Free Cash FlowOCF − Capex | $12.2M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 5.9% | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $63.5M | ||
| Q3 25 | $28.9M | $77.3M | ||
| Q2 25 | $25.8M | $60.8M | ||
| Q1 25 | $17.3M | $43.2M | ||
| Q4 24 | $5.2M | $41.5M | ||
| Q3 24 | $5.0M | $53.5M | ||
| Q2 24 | $-4.9M | $49.3M | ||
| Q1 24 | $11.1M | $51.2M |
| Q4 25 | $12.2M | — | ||
| Q3 25 | $22.9M | — | ||
| Q2 25 | $15.9M | — | ||
| Q1 25 | $14.7M | — | ||
| Q4 24 | $251.0K | — | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $-6.7M | — | ||
| Q1 24 | $9.5M | — |
| Q4 25 | 7.1% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | -5.1% | — | ||
| Q1 24 | 7.1% | — |
| Q4 25 | 5.9% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.2% | — |
| Q4 25 | — | 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
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
