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Side-by-side financial comparison of H2O AMERICA (HTO) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $131.8M, roughly 1.5× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs 8.1%, a 1.4% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs 1.5%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% 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.
HTO vs LOAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $131.8M |
| Net Profit | $16.2M | $12.5M |
| Gross Margin | — | 52.1% |
| Operating Margin | 16.6% | 18.0% |
| Net Margin | 8.1% | 9.5% |
| Revenue YoY | 1.5% | 19.3% |
| Net Profit YoY | -29.2% | 239.5% |
| EPS (diluted) | $0.45 | $0.13 |
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 | $131.8M | ||
| Q3 25 | $243.5M | $126.8M | ||
| Q2 25 | $197.8M | $123.1M | ||
| Q1 25 | $164.9M | $114.7M | ||
| Q4 24 | $196.5M | $110.4M | ||
| Q3 24 | $216.7M | $103.5M | ||
| Q2 24 | $173.1M | $97.0M | ||
| Q1 24 | $150.0M | $91.8M |
| Q4 25 | $16.2M | $12.5M | ||
| Q3 25 | $45.1M | $27.6M | ||
| Q2 25 | $24.7M | $16.7M | ||
| Q1 25 | $16.6M | $15.3M | ||
| Q4 24 | $22.9M | $3.7M | ||
| Q3 24 | $38.7M | $8.7M | ||
| Q2 24 | $20.7M | $7.6M | ||
| Q1 24 | $11.7M | $2.2M |
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 53.8% | ||
| Q1 25 | — | 52.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 49.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | 16.6% | 18.0% | ||
| Q3 25 | 26.5% | 22.9% | ||
| Q2 25 | 22.2% | 22.2% | ||
| Q1 25 | 21.8% | 22.8% | ||
| Q4 24 | 22.2% | 19.2% | ||
| Q3 24 | 26.9% | 22.1% | ||
| Q2 24 | 23.4% | 22.9% | ||
| Q1 24 | 18.6% | 23.3% |
| Q4 25 | 8.1% | 9.5% | ||
| Q3 25 | 18.5% | 21.8% | ||
| Q2 25 | 12.5% | 13.6% | ||
| Q1 25 | 10.0% | 13.4% | ||
| Q4 24 | 11.7% | 3.3% | ||
| Q3 24 | 17.8% | 8.4% | ||
| Q2 24 | 12.0% | 7.9% | ||
| Q1 24 | 7.8% | 2.4% |
| Q4 25 | $0.45 | $0.13 | ||
| Q3 25 | $1.27 | $0.29 | ||
| Q2 25 | $0.71 | $0.17 | ||
| Q1 25 | $0.49 | $0.16 | ||
| Q4 24 | $0.70 | $-11023.48 | ||
| Q3 24 | $1.17 | $0.09 | ||
| Q2 24 | $0.64 | $0.09 | ||
| Q1 24 | $0.36 | $11023.54 |
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 | $84.8M |
| Total DebtLower is stronger | $1.9B | $715.7M |
| Stockholders' EquityBook value | $1.5B | $1.2B |
| Total Assets | $5.1B | $2.0B |
| Debt / EquityLower = less leverage | 1.23× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $84.8M | ||
| Q3 25 | $11.3M | $99.0M | ||
| Q2 25 | $19.8M | $103.3M | ||
| Q1 25 | $23.7M | $80.5M | ||
| Q4 24 | $11.1M | $54.1M | ||
| Q3 24 | $4.0M | $55.2M | ||
| Q2 24 | $22.8M | $73.2M | ||
| Q1 24 | $4.5M | $28.2M |
| Q4 25 | $1.9B | $715.7M | ||
| Q3 25 | — | $279.4M | ||
| Q2 25 | — | $277.7M | ||
| Q1 25 | — | $277.5M | ||
| Q4 24 | $1.7B | $277.3M | ||
| Q3 24 | — | $602.1M | ||
| Q2 24 | — | $250.7M | ||
| Q1 24 | — | $534.2M |
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $769.8M | ||
| Q2 24 | $1.3B | $758.4M | ||
| Q1 24 | $1.2B | $420.6M |
| Q4 25 | $5.1B | $2.0B | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $4.8B | $1.5B | ||
| Q1 25 | $4.7B | $1.5B | ||
| Q4 24 | $4.7B | $1.5B | ||
| Q3 24 | $4.6B | $1.5B | ||
| Q2 24 | $4.4B | $1.1B | ||
| Q1 24 | $4.4B | $1.1B |
| Q4 25 | 1.23× | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | 1.26× | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.92× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $30.4M | ||
| Q3 25 | $77.3M | $29.7M | ||
| Q2 25 | $60.8M | $23.8M | ||
| Q1 25 | $43.2M | $28.4M | ||
| Q4 24 | $41.5M | $20.7M | ||
| Q3 24 | $53.5M | $16.3M | ||
| Q2 24 | $49.3M | $7.1M | ||
| Q1 24 | $51.2M | $10.8M |
| Q4 25 | 3.92× | 2.43× | ||
| Q3 25 | 1.71× | 1.08× | ||
| Q2 25 | 2.47× | 1.42× | ||
| Q1 25 | 2.61× | 1.85× | ||
| Q4 24 | 1.81× | 5.62× | ||
| Q3 24 | 1.39× | 1.89× | ||
| Q2 24 | 2.38× | 0.93× | ||
| Q1 24 | 4.38× | 4.81× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
