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Side-by-side financial comparison of Great Lakes Dredge & Dock CORP (GLDD) and H2O AMERICA (HTO). Click either name above to swap in a different company.
Great Lakes Dredge & Dock CORP is the larger business by last-quarter revenue ($256.5M vs $199.4M, roughly 1.3× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 4.9%, a 3.2% gap on every dollar of revenue. On growth, Great Lakes Dredge & Dock CORP posted the faster year-over-year revenue change (26.5% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 13.6%).
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.
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.
GLDD vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $256.5M | $199.4M |
| Net Profit | $12.6M | $16.2M |
| Gross Margin | 20.9% | — |
| Operating Margin | 12.7% | 16.6% |
| Net Margin | 4.9% | 8.1% |
| Revenue YoY | 26.5% | 1.5% |
| Net Profit YoY | -35.9% | -29.2% |
| EPS (diluted) | $0.19 | $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 | $256.5M | $199.4M | ||
| Q3 25 | $195.2M | $243.5M | ||
| Q2 25 | $193.8M | $197.8M | ||
| Q1 25 | $242.9M | $164.9M | ||
| Q4 24 | $202.8M | $196.5M | ||
| Q3 24 | $191.2M | $216.7M | ||
| Q2 24 | $170.1M | $173.1M | ||
| Q1 24 | $198.7M | $150.0M |
| Q4 25 | $12.6M | $16.2M | ||
| Q3 25 | $17.7M | $45.1M | ||
| Q2 25 | $9.7M | $24.7M | ||
| Q1 25 | $33.4M | $16.6M | ||
| Q4 24 | $19.7M | $22.9M | ||
| Q3 24 | $8.9M | $38.7M | ||
| Q2 24 | $7.7M | $20.7M | ||
| Q1 24 | $21.0M | $11.7M |
| Q4 25 | 20.9% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 18.9% | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 24.1% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 17.5% | — | ||
| Q1 24 | 22.9% | — |
| Q4 25 | 12.7% | 16.6% | ||
| Q3 25 | 14.4% | 26.5% | ||
| Q2 25 | 8.8% | 22.2% | ||
| Q1 25 | 20.6% | 21.8% | ||
| Q4 24 | 14.8% | 22.2% | ||
| Q3 24 | 8.7% | 26.9% | ||
| Q2 24 | 8.6% | 23.4% | ||
| Q1 24 | 15.8% | 18.6% |
| Q4 25 | 4.9% | 8.1% | ||
| Q3 25 | 9.1% | 18.5% | ||
| Q2 25 | 5.0% | 12.5% | ||
| Q1 25 | 13.8% | 10.0% | ||
| Q4 24 | 9.7% | 11.7% | ||
| Q3 24 | 4.6% | 17.8% | ||
| Q2 24 | 4.5% | 12.0% | ||
| Q1 24 | 10.6% | 7.8% |
| Q4 25 | $0.19 | $0.45 | ||
| Q3 25 | $0.26 | $1.27 | ||
| Q2 25 | $0.14 | $0.71 | ||
| Q1 25 | $0.49 | $0.49 | ||
| Q4 24 | $0.29 | $0.70 | ||
| Q3 24 | $0.13 | $1.17 | ||
| Q2 24 | $0.11 | $0.64 | ||
| Q1 24 | $0.31 | $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 | $13.4M | $20.7M |
| Total DebtLower is stronger | $378.2M | $1.9B |
| Stockholders' EquityBook value | $517.1M | $1.5B |
| Total Assets | $1.3B | $5.1B |
| Debt / EquityLower = less leverage | 0.73× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $20.7M | ||
| Q3 25 | $12.7M | $11.3M | ||
| Q2 25 | $2.9M | $19.8M | ||
| Q1 25 | $11.3M | $23.7M | ||
| Q4 24 | $10.2M | $11.1M | ||
| Q3 24 | $12.0M | $4.0M | ||
| Q2 24 | $23.1M | $22.8M | ||
| Q1 24 | $22.8M | $4.5M |
| Q4 25 | $378.2M | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $448.2M | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $517.1M | $1.5B | ||
| Q3 25 | $502.1M | $1.5B | ||
| Q2 25 | $481.9M | $1.5B | ||
| Q1 25 | $479.9M | $1.4B | ||
| Q4 24 | $448.9M | $1.4B | ||
| Q3 24 | $425.4M | $1.3B | ||
| Q2 24 | $418.0M | $1.3B | ||
| Q1 24 | $409.0M | $1.2B |
| Q4 25 | $1.3B | $5.1B | ||
| Q3 25 | $1.3B | $5.0B | ||
| Q2 25 | $1.2B | $4.8B | ||
| Q1 25 | $1.2B | $4.7B | ||
| Q4 24 | $1.3B | $4.7B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $1.1B | $4.4B | ||
| Q1 24 | $1.1B | $4.4B |
| Q4 25 | 0.73× | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.00× | 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 | $79.7M | $63.5M |
| Free Cash FlowOCF − Capex | $50.3M | — |
| FCF MarginFCF / Revenue | 19.6% | — |
| Capex IntensityCapex / Revenue | 11.5% | — |
| Cash ConversionOCF / Net Profit | 6.31× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $99.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.7M | $63.5M | ||
| Q3 25 | $49.2M | $77.3M | ||
| Q2 25 | $56.9M | $60.8M | ||
| Q1 25 | $60.9M | $43.2M | ||
| Q4 24 | $-13.5M | $41.5M | ||
| Q3 24 | $26.8M | $53.5M | ||
| Q2 24 | $18.4M | $49.3M | ||
| Q1 24 | $38.4M | $51.2M |
| Q4 25 | $50.3M | — | ||
| Q3 25 | $13.2M | — | ||
| Q2 25 | $-3.7M | — | ||
| Q1 25 | $39.6M | — | ||
| Q4 24 | $-36.1M | — | ||
| Q3 24 | $-11.5M | — | ||
| Q2 24 | $-34.0M | — | ||
| Q1 24 | $26.5M | — |
| Q4 25 | 19.6% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | -1.9% | — | ||
| Q1 25 | 16.3% | — | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | -6.0% | — | ||
| Q2 24 | -20.0% | — | ||
| Q1 24 | 13.4% | — |
| Q4 25 | 11.5% | — | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 31.3% | — | ||
| Q1 25 | 8.7% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 30.8% | — | ||
| Q1 24 | 6.0% | — |
| Q4 25 | 6.31× | 3.92× | ||
| Q3 25 | 2.77× | 1.71× | ||
| Q2 25 | 5.87× | 2.47× | ||
| Q1 25 | 1.82× | 2.61× | ||
| Q4 24 | -0.69× | 1.81× | ||
| Q3 24 | 3.02× | 1.39× | ||
| Q2 24 | 2.39× | 2.38× | ||
| Q1 24 | 1.83× | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLDD
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
