vs
Side-by-side financial comparison of H2O AMERICA (HTO) and loanDepot, Inc. (LDI). Click either name above to swap in a different company.
loanDepot, Inc. is the larger business by last-quarter revenue ($310.3M vs $199.4M, roughly 1.6× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs -7.2%, a 15.4% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 1.5%). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% 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.
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
HTO vs LDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $310.3M |
| Net Profit | $16.2M | $-22.5M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | -10.3% |
| Net Margin | 8.1% | -7.2% |
| Revenue YoY | 1.5% | 20.5% |
| Net Profit YoY | -29.2% | 32.4% |
| EPS (diluted) | $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 | $199.4M | $310.3M | ||
| Q3 25 | $243.5M | $323.3M | ||
| Q2 25 | $197.8M | $282.5M | ||
| Q1 25 | $164.9M | $273.6M | ||
| Q4 24 | $196.5M | $257.5M | ||
| Q3 24 | $216.7M | $314.6M | ||
| Q2 24 | $173.1M | $265.4M | ||
| Q1 24 | $150.0M | $222.8M |
| Q4 25 | $16.2M | $-22.5M | ||
| Q3 25 | $45.1M | $-4.9M | ||
| Q2 25 | $24.7M | $-13.4M | ||
| Q1 25 | $16.6M | $-21.9M | ||
| Q4 24 | $22.9M | $-33.2M | ||
| Q3 24 | $38.7M | $1.4M | ||
| Q2 24 | $20.7M | $-32.2M | ||
| Q1 24 | $11.7M | $-34.3M |
| Q4 25 | 16.6% | -10.3% | ||
| Q3 25 | 26.5% | -3.2% | ||
| Q2 25 | 22.2% | -11.4% | ||
| Q1 25 | 21.8% | -16.8% | ||
| Q4 24 | 22.2% | -32.7% | ||
| Q3 24 | 26.9% | 1.1% | ||
| Q2 24 | 23.4% | -29.1% | ||
| Q1 24 | 18.6% | -38.2% |
| Q4 25 | 8.1% | -7.2% | ||
| Q3 25 | 18.5% | -1.5% | ||
| Q2 25 | 12.5% | -4.7% | ||
| Q1 25 | 10.0% | -8.0% | ||
| Q4 24 | 11.7% | -12.9% | ||
| Q3 24 | 17.8% | 0.4% | ||
| Q2 24 | 12.0% | -12.1% | ||
| Q1 24 | 7.8% | -15.4% |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $1.17 | $0.01 | ||
| Q2 24 | $0.64 | $-0.18 | ||
| Q1 24 | $0.36 | $-0.19 |
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 | $337.2M |
| Total DebtLower is stronger | $1.9B | $2.1B |
| Stockholders' EquityBook value | $1.5B | $386.0M |
| Total Assets | $5.1B | $6.9B |
| Debt / EquityLower = less leverage | 1.23× | 5.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $337.2M | ||
| Q3 25 | $11.3M | $459.2M | ||
| Q2 25 | $19.8M | $408.6M | ||
| Q1 25 | $23.7M | $371.5M | ||
| Q4 24 | $11.1M | $421.6M | ||
| Q3 24 | $4.0M | $483.0M | ||
| Q2 24 | $22.8M | $533.2M | ||
| Q1 24 | $4.5M | $603.7M |
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $1.7B | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.3B |
| Q4 25 | $1.5B | $386.0M | ||
| Q3 25 | $1.5B | $433.3M | ||
| Q2 25 | $1.5B | $439.1M | ||
| Q1 25 | $1.4B | $469.3M | ||
| Q4 24 | $1.4B | $506.6M | ||
| Q3 24 | $1.3B | $592.0M | ||
| Q2 24 | $1.3B | $578.9M | ||
| Q1 24 | $1.2B | $637.3M |
| Q4 25 | $5.1B | $6.9B | ||
| Q3 25 | $5.0B | $6.2B | ||
| Q2 25 | $4.8B | $6.2B | ||
| Q1 25 | $4.7B | $6.4B | ||
| Q4 24 | $4.7B | $6.3B | ||
| Q3 24 | $4.6B | $6.4B | ||
| Q2 24 | $4.4B | $5.9B | ||
| Q1 24 | $4.4B | $6.2B |
| Q4 25 | 1.23× | 5.44× | ||
| Q3 25 | — | 4.83× | ||
| Q2 25 | — | 4.70× | ||
| Q1 25 | — | 4.30× | ||
| Q4 24 | 1.26× | 4.00× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | — | 3.41× | ||
| Q1 24 | — | 3.63× |
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 | $-638.7M |
| Free Cash FlowOCF − Capex | — | $-648.0M |
| FCF MarginFCF / Revenue | — | -208.9% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-734.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $-638.7M | ||
| Q3 25 | $77.3M | $43.4M | ||
| Q2 25 | $60.8M | $67.6M | ||
| Q1 25 | $43.2M | $-179.9M | ||
| Q4 24 | $41.5M | $47.7M | ||
| Q3 24 | $53.5M | $-349.2M | ||
| Q2 24 | $49.3M | $-278.3M | ||
| Q1 24 | $51.2M | $-278.5M |
| Q4 25 | — | $-648.0M | ||
| Q3 25 | — | $38.7M | ||
| Q2 25 | — | $61.4M | ||
| Q1 25 | — | $-186.7M | ||
| Q4 24 | — | $40.8M | ||
| Q3 24 | — | $-356.4M | ||
| Q2 24 | — | $-285.7M | ||
| Q1 24 | — | $-283.3M |
| Q4 25 | — | -208.9% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | -68.2% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | -113.3% | ||
| Q2 24 | — | -107.7% | ||
| Q1 24 | — | -127.2% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | -255.05× | ||
| 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
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
LDI
Segment breakdown not available.
