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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) 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 $120.4M, roughly 1.7× Hippo Holdings Inc.). H2O AMERICA runs the higher net margin — 8.1% vs 5.0%, a 3.1% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs 1.5%). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs 15.3%).
Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.
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.
HIPO vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.4M | $199.4M |
| Net Profit | $6.0M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 5.6% | 16.6% |
| Net Margin | 5.0% | 8.1% |
| Revenue YoY | 18.2% | 1.5% |
| Net Profit YoY | -86.4% | -29.2% |
| EPS (diluted) | $0.31 | $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 | $120.4M | $199.4M | ||
| Q3 25 | $120.6M | $243.5M | ||
| Q2 25 | $117.3M | $197.8M | ||
| Q1 25 | $110.3M | $164.9M | ||
| Q4 24 | $101.9M | $196.5M | ||
| Q3 24 | $95.5M | $216.7M | ||
| Q2 24 | $89.6M | $173.1M | ||
| Q1 24 | $85.1M | $150.0M |
| Q4 25 | $6.0M | $16.2M | ||
| Q3 25 | $98.1M | $45.1M | ||
| Q2 25 | $1.3M | $24.7M | ||
| Q1 25 | $-47.7M | $16.6M | ||
| Q4 24 | $44.2M | $22.9M | ||
| Q3 24 | $-8.5M | $38.7M | ||
| Q2 24 | $-40.5M | $20.7M | ||
| Q1 24 | $-35.7M | $11.7M |
| Q4 25 | 5.6% | 16.6% | ||
| Q3 25 | 81.3% | 26.5% | ||
| Q2 25 | 3.4% | 22.2% | ||
| Q1 25 | -41.3% | 21.8% | ||
| Q4 24 | 46.3% | 22.2% | ||
| Q3 24 | -5.4% | 26.9% | ||
| Q2 24 | -40.7% | 23.4% | ||
| Q1 24 | -38.7% | 18.6% |
| Q4 25 | 5.0% | 8.1% | ||
| Q3 25 | 81.3% | 18.5% | ||
| Q2 25 | 1.1% | 12.5% | ||
| Q1 25 | -43.2% | 10.0% | ||
| Q4 24 | 43.4% | 11.7% | ||
| Q3 24 | -8.9% | 17.8% | ||
| Q2 24 | -45.2% | 12.0% | ||
| Q1 24 | -42.0% | 7.8% |
| Q4 25 | $0.31 | $0.45 | ||
| Q3 25 | $3.77 | $1.27 | ||
| Q2 25 | $0.05 | $0.71 | ||
| Q1 25 | $-1.91 | $0.49 | ||
| Q4 24 | $1.81 | $0.70 | ||
| Q3 24 | $-0.34 | $1.17 | ||
| Q2 24 | $-1.64 | $0.64 | ||
| Q1 24 | $-1.47 | $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 | $218.3M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $436.1M | $1.5B |
| Total Assets | $1.9B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.3M | $20.7M | ||
| Q3 25 | $247.7M | $11.3M | ||
| Q2 25 | $198.9M | $19.8M | ||
| Q1 25 | $140.9M | $23.7M | ||
| Q4 24 | $197.6M | $11.1M | ||
| Q3 24 | $191.2M | $4.0M | ||
| Q2 24 | $175.9M | $22.8M | ||
| Q1 24 | $223.4M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $436.1M | $1.5B | ||
| Q3 25 | $421.5M | $1.5B | ||
| Q2 25 | $332.5M | $1.5B | ||
| Q1 25 | $322.8M | $1.4B | ||
| Q4 24 | $362.1M | $1.4B | ||
| Q3 24 | $326.4M | $1.3B | ||
| Q2 24 | $322.6M | $1.3B | ||
| Q1 24 | $351.2M | $1.2B |
| Q4 25 | $1.9B | $5.1B | ||
| Q3 25 | $1.9B | $5.0B | ||
| Q2 25 | $1.7B | $4.8B | ||
| Q1 25 | $1.5B | $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 | $9.2M | $63.5M |
| Free Cash FlowOCF − Capex | $9.1M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 1.53× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $14.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.2M | $63.5M | ||
| Q3 25 | $16.9M | $77.3M | ||
| Q2 25 | $24.7M | $60.8M | ||
| Q1 25 | $-35.6M | $43.2M | ||
| Q4 24 | $47.5M | $41.5M | ||
| Q3 24 | $46.8M | $53.5M | ||
| Q2 24 | $-10.6M | $49.3M | ||
| Q1 24 | $17.7M | $51.2M |
| Q4 25 | $9.1M | — | ||
| Q3 25 | $16.8M | — | ||
| Q2 25 | $24.6M | — | ||
| Q1 25 | $-35.7M | — | ||
| Q4 24 | $47.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-10.7M | — | ||
| Q1 24 | $17.6M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 21.0% | — | ||
| Q1 25 | -32.4% | — | ||
| Q4 24 | 46.3% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.9% | — | ||
| Q1 24 | 20.7% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | 1.53× | 3.92× | ||
| Q3 25 | 0.17× | 1.71× | ||
| Q2 25 | 19.00× | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | 1.07× | 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
HIPO
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
