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Side-by-side financial comparison of H2O AMERICA (HTO) and Enpro Inc. (NPO). Click either name above to swap in a different company.

Enpro Inc. is the larger business by last-quarter revenue ($295.4M vs $199.4M, roughly 1.5× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs -10.8%, a 19.0% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 7.1%).

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.

Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...

HTO vs NPO — Head-to-Head

Bigger by revenue
NPO
NPO
1.5× larger
NPO
$295.4M
$199.4M
HTO
Growing faster (revenue YoY)
NPO
NPO
+12.8% gap
NPO
14.3%
1.5%
HTO
Higher net margin
HTO
HTO
19.0% more per $
HTO
8.1%
-10.8%
NPO
Faster 2-yr revenue CAGR
HTO
HTO
Annualised
HTO
15.3%
7.1%
NPO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HTO
HTO
NPO
NPO
Revenue
$199.4M
$295.4M
Net Profit
$16.2M
$-32.0M
Gross Margin
42.1%
Operating Margin
16.6%
11.2%
Net Margin
8.1%
-10.8%
Revenue YoY
1.5%
14.3%
Net Profit YoY
-29.2%
-330.2%
EPS (diluted)
$0.45
$-1.50

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.

Revenue
HTO
HTO
NPO
NPO
Q4 25
$199.4M
$295.4M
Q3 25
$243.5M
$286.6M
Q2 25
$197.8M
$288.1M
Q1 25
$164.9M
$273.2M
Q4 24
$196.5M
$258.4M
Q3 24
$216.7M
$260.9M
Q2 24
$173.1M
$271.9M
Q1 24
$150.0M
$257.5M
Net Profit
HTO
HTO
NPO
NPO
Q4 25
$16.2M
$-32.0M
Q3 25
$45.1M
$21.6M
Q2 25
$24.7M
$26.4M
Q1 25
$16.6M
$24.5M
Q4 24
$22.9M
$13.9M
Q3 24
$38.7M
$19.8M
Q2 24
$20.7M
$26.7M
Q1 24
$11.7M
$12.5M
Gross Margin
HTO
HTO
NPO
NPO
Q4 25
42.1%
Q3 25
41.9%
Q2 25
43.3%
Q1 25
43.3%
Q4 24
42.3%
Q3 24
42.3%
Q2 24
43.8%
Q1 24
41.2%
Operating Margin
HTO
HTO
NPO
NPO
Q4 25
16.6%
11.2%
Q3 25
26.5%
14.3%
Q2 25
22.2%
15.9%
Q1 25
21.8%
15.3%
Q4 24
22.2%
12.5%
Q3 24
26.9%
13.1%
Q2 24
23.4%
17.7%
Q1 24
18.6%
10.9%
Net Margin
HTO
HTO
NPO
NPO
Q4 25
8.1%
-10.8%
Q3 25
18.5%
7.5%
Q2 25
12.5%
9.2%
Q1 25
10.0%
9.0%
Q4 24
11.7%
5.4%
Q3 24
17.8%
7.6%
Q2 24
12.0%
9.8%
Q1 24
7.8%
4.9%
EPS (diluted)
HTO
HTO
NPO
NPO
Q4 25
$0.45
$-1.50
Q3 25
$1.27
$1.01
Q2 25
$0.71
$1.25
Q1 25
$0.49
$1.15
Q4 24
$0.70
$0.65
Q3 24
$1.17
$0.94
Q2 24
$0.64
$1.27
Q1 24
$0.36
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HTO
HTO
NPO
NPO
Cash + ST InvestmentsLiquidity on hand
$20.7M
$114.7M
Total DebtLower is stronger
$1.9B
$655.3M
Stockholders' EquityBook value
$1.5B
$1.5B
Total Assets
$5.1B
$2.7B
Debt / EquityLower = less leverage
1.23×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTO
HTO
NPO
NPO
Q4 25
$20.7M
$114.7M
Q3 25
$11.3M
$132.9M
Q2 25
$19.8M
$107.1M
Q1 25
$23.7M
$240.3M
Q4 24
$11.1M
$236.3M
Q3 24
$4.0M
$206.9M
Q2 24
$22.8M
$175.9M
Q1 24
$4.5M
$163.9M
Total Debt
HTO
HTO
NPO
NPO
Q4 25
$1.9B
$655.3M
Q3 25
Q2 25
Q1 25
Q4 24
$1.7B
$640.1M
Q3 24
Q2 24
Q1 24
$644.9M
Stockholders' Equity
HTO
HTO
NPO
NPO
Q4 25
$1.5B
$1.5B
Q3 25
$1.5B
$1.5B
Q2 25
$1.5B
$1.5B
Q1 25
$1.4B
$1.5B
Q4 24
$1.4B
$1.4B
Q3 24
$1.3B
$1.5B
Q2 24
$1.3B
$1.4B
Q1 24
$1.2B
$1.4B
Total Assets
HTO
HTO
NPO
NPO
Q4 25
$5.1B
$2.7B
Q3 25
$5.0B
$2.4B
Q2 25
$4.8B
$2.4B
Q1 25
$4.7B
$2.5B
Q4 24
$4.7B
$2.5B
Q3 24
$4.6B
$2.5B
Q2 24
$4.4B
$2.5B
Q1 24
$4.4B
$2.5B
Debt / Equity
HTO
HTO
NPO
NPO
Q4 25
1.23×
0.42×
Q3 25
Q2 25
Q1 25
Q4 24
1.26×
0.45×
Q3 24
Q2 24
Q1 24
0.46×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HTO
HTO
NPO
NPO
Operating Cash FlowLast quarter
$63.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
3.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTO
HTO
NPO
NPO
Q4 25
$63.5M
Q3 25
$77.3M
$65.3M
Q2 25
$60.8M
$52.2M
Q1 25
$43.2M
$21.0M
Q4 24
$41.5M
$59.4M
Q3 24
$53.5M
$54.0M
Q2 24
$49.3M
$43.2M
Q1 24
$51.2M
$6.3M
Free Cash Flow
HTO
HTO
NPO
NPO
Q4 25
Q3 25
$53.4M
Q2 25
$42.3M
Q1 25
$13.0M
Q4 24
$49.1M
Q3 24
$48.3M
Q2 24
$38.3M
Q1 24
$-1.9M
FCF Margin
HTO
HTO
NPO
NPO
Q4 25
Q3 25
18.6%
Q2 25
14.7%
Q1 25
4.8%
Q4 24
19.0%
Q3 24
18.5%
Q2 24
14.1%
Q1 24
-0.7%
Capex Intensity
HTO
HTO
NPO
NPO
Q4 25
4.1%
Q3 25
4.2%
Q2 25
3.4%
Q1 25
2.9%
Q4 24
4.0%
Q3 24
2.2%
Q2 24
1.8%
Q1 24
3.2%
Cash Conversion
HTO
HTO
NPO
NPO
Q4 25
3.92×
Q3 25
1.71×
3.02×
Q2 25
2.47×
1.98×
Q1 25
2.61×
0.86×
Q4 24
1.81×
4.27×
Q3 24
1.39×
2.73×
Q2 24
2.38×
1.62×
Q1 24
4.38×
0.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HTO
HTO

Water Utility Services$191.0M96%
Other$8.4M4%

NPO
NPO

Sealing Technologies Segment$187.0M63%
General Industrial$71.3M24%
Power Generation$19.9M7%
Oiland Gas Market$15.0M5%
Semiconductors$2.2M1%

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