vs
Side-by-side financial comparison of H2O AMERICA (HTO) and IMAX CORP (IMAX). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $125.2M, roughly 1.6× IMAX CORP). H2O AMERICA runs the higher net margin — 8.1% vs 0.5%, a 7.6% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 1.5%). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 15.3%).
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.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
HTO vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $125.2M |
| Net Profit | $16.2M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | 16.6% | 19.3% |
| Net Margin | 8.1% | 0.5% |
| Revenue YoY | 1.5% | 35.1% |
| Net Profit YoY | -29.2% | -88.0% |
| EPS (diluted) | $0.45 | $0.02 |
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 | $199.4M | $125.2M | ||
| Q3 25 | $243.5M | $106.7M | ||
| Q2 25 | $197.8M | $91.7M | ||
| Q1 25 | $164.9M | $86.7M | ||
| Q4 24 | $196.5M | $92.7M | ||
| Q3 24 | $216.7M | $91.5M | ||
| Q2 24 | $173.1M | $89.0M | ||
| Q1 24 | $150.0M | $79.1M |
| Q4 25 | $16.2M | $637.0K | ||
| Q3 25 | $45.1M | $20.7M | ||
| Q2 25 | $24.7M | $11.3M | ||
| Q1 25 | $16.6M | $2.3M | ||
| Q4 24 | $22.9M | $5.3M | ||
| Q3 24 | $38.7M | $13.9M | ||
| Q2 24 | $20.7M | $3.6M | ||
| Q1 24 | $11.7M | $3.3M |
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 58.5% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 59.3% |
| Q4 25 | 16.6% | 19.3% | ||
| Q3 25 | 26.5% | 27.2% | ||
| Q2 25 | 22.2% | 15.6% | ||
| Q1 25 | 21.8% | 19.3% | ||
| Q4 24 | 22.2% | 10.3% | ||
| Q3 24 | 26.9% | 21.2% | ||
| Q2 24 | 23.4% | 3.2% | ||
| Q1 24 | 18.6% | 15.3% |
| Q4 25 | 8.1% | 0.5% | ||
| Q3 25 | 18.5% | 19.4% | ||
| Q2 25 | 12.5% | 12.3% | ||
| Q1 25 | 10.0% | 2.7% | ||
| Q4 24 | 11.7% | 5.7% | ||
| Q3 24 | 17.8% | 15.2% | ||
| Q2 24 | 12.0% | 4.0% | ||
| Q1 24 | 7.8% | 4.1% |
| Q4 25 | $0.45 | $0.02 | ||
| Q3 25 | $1.27 | $0.37 | ||
| Q2 25 | $0.71 | $0.20 | ||
| Q1 25 | $0.49 | $0.04 | ||
| Q4 24 | $0.70 | $0.09 | ||
| Q3 24 | $1.17 | $0.26 | ||
| Q2 24 | $0.64 | $0.07 | ||
| Q1 24 | $0.36 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $20.7M | $151.2M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $337.9M |
| Total Assets | $5.1B | $894.0M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $151.2M | ||
| Q3 25 | $11.3M | $143.1M | ||
| Q2 25 | $19.8M | $109.3M | ||
| Q1 25 | $23.7M | $97.1M | ||
| Q4 24 | $11.1M | $100.6M | ||
| Q3 24 | $4.0M | $104.5M | ||
| Q2 24 | $22.8M | $91.6M | ||
| Q1 24 | $4.5M | $81.0M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $337.9M | ||
| Q3 25 | $1.5B | $349.5M | ||
| Q2 25 | $1.5B | $320.4M | ||
| Q1 25 | $1.4B | $299.5M | ||
| Q4 24 | $1.4B | $299.5M | ||
| Q3 24 | $1.3B | $289.4M | ||
| Q2 24 | $1.3B | $267.2M | ||
| Q1 24 | $1.2B | $258.8M |
| Q4 25 | $5.1B | $894.0M | ||
| Q3 25 | $5.0B | $889.6M | ||
| Q2 25 | $4.8B | $868.6M | ||
| Q1 25 | $4.7B | $848.3M | ||
| Q4 24 | $4.7B | $830.4M | ||
| Q3 24 | $4.6B | $847.6M | ||
| Q2 24 | $4.4B | $827.4M | ||
| Q1 24 | $4.4B | $824.1M |
| 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 | $63.5M | $29.4M |
| Free Cash FlowOCF − Capex | — | $28.0M |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 3.92× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $29.4M | ||
| Q3 25 | $77.3M | $67.5M | ||
| Q2 25 | $60.8M | $23.2M | ||
| Q1 25 | $43.2M | $7.0M | ||
| Q4 24 | $41.5M | $11.5M | ||
| Q3 24 | $53.5M | $35.3M | ||
| Q2 24 | $49.3M | $35.0M | ||
| Q1 24 | $51.2M | $-11.0M |
| Q4 25 | — | $28.0M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | — | $20.9M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $6.9M | ||
| Q3 24 | — | $34.2M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $-12.1M |
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 60.7% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | — | 37.6% | ||
| Q1 24 | — | -15.3% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 3.92× | 46.11× | ||
| Q3 25 | 1.71× | 3.27× | ||
| Q2 25 | 2.47× | 2.06× | ||
| Q1 25 | 2.61× | 2.99× | ||
| Q4 24 | 1.81× | 2.16× | ||
| Q3 24 | 1.39× | 2.54× | ||
| Q2 24 | 2.38× | 9.78× | ||
| Q1 24 | 4.38× | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
