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Side-by-side financial comparison of H2O AMERICA (HTO) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $186.1M, roughly 1.1× MOVADO GROUP INC). H2O AMERICA runs the higher net margin — 8.1% vs 5.1%, a 3.0% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 2.9%).
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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
HTO vs MOV — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $186.1M |
| Net Profit | $16.2M | $9.6M |
| Gross Margin | — | 54.3% |
| Operating Margin | 16.6% | 6.3% |
| Net Margin | 8.1% | 5.1% |
| Revenue YoY | 1.5% | 1.9% |
| Net Profit YoY | -29.2% | 89.8% |
| EPS (diluted) | $0.45 | $0.42 |
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 | $186.1M | ||
| Q3 25 | $243.5M | $161.8M | ||
| Q2 25 | $197.8M | $131.8M | ||
| Q1 25 | $164.9M | $181.5M | ||
| Q4 24 | $196.5M | $180.5M | ||
| Q3 24 | $216.7M | $157.0M | ||
| Q2 24 | $173.1M | $134.4M | ||
| Q1 24 | $150.0M | $175.8M |
| Q4 25 | $16.2M | $9.6M | ||
| Q3 25 | $45.1M | $3.0M | ||
| Q2 25 | $24.7M | $1.4M | ||
| Q1 25 | $16.6M | $8.1M | ||
| Q4 24 | $22.9M | $4.8M | ||
| Q3 24 | $38.7M | $3.5M | ||
| Q2 24 | $20.7M | $2.0M | ||
| Q1 24 | $11.7M | $9.8M |
| Q4 25 | — | 54.3% | ||
| Q3 25 | — | 54.1% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 54.2% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | — | 54.3% | ||
| Q2 24 | — | 54.3% | ||
| Q1 24 | — | 53.5% |
| Q4 25 | 16.6% | 6.3% | ||
| Q3 25 | 26.5% | 2.5% | ||
| Q2 25 | 22.2% | 0.2% | ||
| Q1 25 | 21.8% | 5.1% | ||
| Q4 24 | 22.2% | 3.3% | ||
| Q3 24 | 26.9% | 1.7% | ||
| Q2 24 | 23.4% | 1.6% | ||
| Q1 24 | 18.6% | 6.1% |
| Q4 25 | 8.1% | 5.1% | ||
| Q3 25 | 18.5% | 1.8% | ||
| Q2 25 | 12.5% | 1.1% | ||
| Q1 25 | 10.0% | 4.4% | ||
| Q4 24 | 11.7% | 2.7% | ||
| Q3 24 | 17.8% | 2.2% | ||
| Q2 24 | 12.0% | 1.5% | ||
| Q1 24 | 7.8% | 5.6% |
| Q4 25 | $0.45 | $0.42 | ||
| Q3 25 | $1.27 | $0.13 | ||
| Q2 25 | $0.71 | $0.06 | ||
| Q1 25 | $0.49 | $0.36 | ||
| Q4 24 | $0.70 | $0.21 | ||
| Q3 24 | $1.17 | $0.15 | ||
| Q2 24 | $0.64 | $0.09 | ||
| Q1 24 | $0.36 | $0.44 |
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 | $183.9M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $497.5M |
| Total Assets | $5.1B | $751.9M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $183.9M | ||
| Q3 25 | $11.3M | $180.5M | ||
| Q2 25 | $19.8M | $203.1M | ||
| Q1 25 | $23.7M | $208.5M | ||
| Q4 24 | $11.1M | $181.5M | ||
| Q3 24 | $4.0M | $198.3M | ||
| Q2 24 | $22.8M | $225.4M | ||
| Q1 24 | $4.5M | $262.1M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $497.5M | ||
| Q3 25 | $1.5B | $489.9M | ||
| Q2 25 | $1.5B | $493.2M | ||
| Q1 25 | $1.4B | $481.3M | ||
| Q4 24 | $1.4B | $491.3M | ||
| Q3 24 | $1.3B | $492.0M | ||
| Q2 24 | $1.3B | $489.6M | ||
| Q1 24 | $1.2B | $505.9M |
| Q4 25 | $5.1B | $751.9M | ||
| Q3 25 | $5.0B | $748.7M | ||
| Q2 25 | $4.8B | $747.2M | ||
| Q1 25 | $4.7B | $729.2M | ||
| Q4 24 | $4.7B | $747.2M | ||
| Q3 24 | $4.6B | $742.5M | ||
| Q2 24 | $4.4B | $736.0M | ||
| Q1 24 | $4.4B | $756.5M |
| 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 | $12.3M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 3.92× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $12.3M | ||
| Q3 25 | $77.3M | $-3.8M | ||
| Q2 25 | $60.8M | $-7.2M | ||
| Q1 25 | $43.2M | $39.1M | ||
| Q4 24 | $41.5M | $-4.7M | ||
| Q3 24 | $53.5M | $-17.8M | ||
| Q2 24 | $49.3M | $-18.1M | ||
| Q1 24 | $51.2M | $69.4M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $-5.1M | ||
| Q2 25 | — | $-8.7M | ||
| Q1 25 | — | $37.5M | ||
| Q4 24 | — | $-7.2M | ||
| Q3 24 | — | $-20.1M | ||
| Q2 24 | — | $-19.7M | ||
| Q1 24 | — | $67.8M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | -3.1% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | 20.7% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -14.7% | ||
| Q1 24 | — | 38.6% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 3.92× | 1.28× | ||
| Q3 25 | 1.71× | -1.27× | ||
| Q2 25 | 2.47× | -5.08× | ||
| Q1 25 | 2.61× | 4.86× | ||
| Q4 24 | 1.81× | -0.98× | ||
| Q3 24 | 1.39× | -5.14× | ||
| Q2 24 | 2.38× | -8.97× | ||
| Q1 24 | 4.38× | 7.06× |
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% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
