vs
Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) 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 $179.4M, roughly 1.1× HEARTLAND EXPRESS INC). H2O AMERICA runs the higher net margin — 8.1% vs -10.8%, a 19.0% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -26.1%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -18.5%).
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
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.
HTLD vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $199.4M |
| Net Profit | $-19.4M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | 16.6% |
| Net Margin | -10.8% | 8.1% |
| Revenue YoY | -26.1% | 1.5% |
| Net Profit YoY | -949.2% | -29.2% |
| EPS (diluted) | $-0.24 | $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 | $179.4M | $199.4M | ||
| Q3 25 | $196.5M | $243.5M | ||
| Q2 25 | $210.4M | $197.8M | ||
| Q1 25 | $219.4M | $164.9M | ||
| Q4 24 | $242.6M | $196.5M | ||
| Q3 24 | $259.9M | $216.7M | ||
| Q2 24 | $274.8M | $173.1M | ||
| Q1 24 | $270.3M | $150.0M |
| Q4 25 | $-19.4M | $16.2M | ||
| Q3 25 | $-8.3M | $45.1M | ||
| Q2 25 | $-10.9M | $24.7M | ||
| Q1 25 | $-13.9M | $16.6M | ||
| Q4 24 | $-1.9M | $22.9M | ||
| Q3 24 | $-9.3M | $38.7M | ||
| Q2 24 | $-3.5M | $20.7M | ||
| Q1 24 | $-15.1M | $11.7M |
| Q4 25 | -12.7% | 16.6% | ||
| Q3 25 | -3.7% | 26.5% | ||
| Q2 25 | -5.9% | 22.2% | ||
| Q1 25 | -6.8% | 21.8% | ||
| Q4 24 | 0.4% | 22.2% | ||
| Q3 24 | -2.7% | 26.9% | ||
| Q2 24 | 0.1% | 23.4% | ||
| Q1 24 | -5.3% | 18.6% |
| Q4 25 | -10.8% | 8.1% | ||
| Q3 25 | -4.2% | 18.5% | ||
| Q2 25 | -5.2% | 12.5% | ||
| Q1 25 | -6.3% | 10.0% | ||
| Q4 24 | -0.8% | 11.7% | ||
| Q3 24 | -3.6% | 17.8% | ||
| Q2 24 | -1.3% | 12.0% | ||
| Q1 24 | -5.6% | 7.8% |
| Q4 25 | $-0.24 | $0.45 | ||
| Q3 25 | $-0.11 | $1.27 | ||
| Q2 25 | $-0.14 | $0.71 | ||
| Q1 25 | $-0.18 | $0.49 | ||
| Q4 24 | $-0.03 | $0.70 | ||
| Q3 24 | $-0.12 | $1.17 | ||
| Q2 24 | $-0.04 | $0.64 | ||
| Q1 24 | $-0.19 | $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 | $18.5M | $20.7M |
| Total DebtLower is stronger | $154.1M | $1.9B |
| Stockholders' EquityBook value | $755.3M | $1.5B |
| Total Assets | $1.2B | $5.1B |
| Debt / EquityLower = less leverage | 0.20× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $20.7M | ||
| Q3 25 | $32.7M | $11.3M | ||
| Q2 25 | $22.9M | $19.8M | ||
| Q1 25 | $23.9M | $23.7M | ||
| Q4 24 | $12.8M | $11.1M | ||
| Q3 24 | $30.7M | $4.0M | ||
| Q2 24 | $23.9M | $22.8M | ||
| Q1 24 | $23.8M | $4.5M |
| Q4 25 | $154.1M | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $755.3M | $1.5B | ||
| Q3 25 | $775.6M | $1.5B | ||
| Q2 25 | $786.7M | $1.5B | ||
| Q1 25 | $807.7M | $1.4B | ||
| Q4 24 | $822.6M | $1.4B | ||
| Q3 24 | $825.7M | $1.3B | ||
| Q2 24 | $836.8M | $1.3B | ||
| Q1 24 | $848.8M | $1.2B |
| Q4 25 | $1.2B | $5.1B | ||
| Q3 25 | $1.3B | $5.0B | ||
| Q2 25 | $1.3B | $4.8B | ||
| Q1 25 | $1.3B | $4.7B | ||
| Q4 24 | $1.3B | $4.7B | ||
| Q3 24 | $1.4B | $4.6B | ||
| Q2 24 | $1.4B | $4.4B | ||
| Q1 24 | $1.5B | $4.4B |
| Q4 25 | 0.20× | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.23× | 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 | $14.9M | $63.5M |
| Free Cash FlowOCF − Capex | $-44.2M | — |
| FCF MarginFCF / Revenue | -24.6% | — |
| Capex IntensityCapex / Revenue | 33.0% | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $63.5M | ||
| Q3 25 | $27.5M | $77.3M | ||
| Q2 25 | $21.0M | $60.8M | ||
| Q1 25 | $25.8M | $43.2M | ||
| Q4 24 | $37.8M | $41.5M | ||
| Q3 24 | $35.6M | $53.5M | ||
| Q2 24 | $40.0M | $49.3M | ||
| Q1 24 | $31.0M | $51.2M |
| Q4 25 | $-44.2M | — | ||
| Q3 25 | $-12.2M | — | ||
| Q2 25 | $-12.8M | — | ||
| Q1 25 | $2.3M | — | ||
| Q4 24 | $-45.5M | — | ||
| Q3 24 | $24.6M | — | ||
| Q2 24 | $29.4M | — | ||
| Q1 24 | $26.3M | — |
| Q4 25 | -24.6% | — | ||
| Q3 25 | -6.2% | — | ||
| Q2 25 | -6.1% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | -18.8% | — | ||
| Q3 24 | 9.5% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 9.7% | — |
| Q4 25 | 33.0% | — | ||
| Q3 25 | 20.2% | — | ||
| Q2 25 | 16.1% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 3.8% | — | ||
| Q1 24 | 1.7% | — |
| 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
HTLD
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
