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Side-by-side financial comparison of H2O AMERICA (HTO) and NU SKIN ENTERPRISES, INC. (NUS). Click either name above to swap in a different company.

NU SKIN ENTERPRISES, INC. is the larger business by last-quarter revenue ($370.3M vs $199.4M, roughly 1.9× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 3.9%, a 4.2% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -16.9%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -5.8%).

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.

Nu Skin Enterprises, Inc. is an American multilevel marketing company that develops and sells personal care products and dietary and nutritional supplements. Under the Nu Skin and Pharmanex brands, the company sells its products in 54 markets through a network of approximately 1.2 million independent distributors.

HTO vs NUS — Head-to-Head

Bigger by revenue
NUS
NUS
1.9× larger
NUS
$370.3M
$199.4M
HTO
Growing faster (revenue YoY)
HTO
HTO
+18.4% gap
HTO
1.5%
-16.9%
NUS
Higher net margin
HTO
HTO
4.2% more per $
HTO
8.1%
3.9%
NUS
Faster 2-yr revenue CAGR
HTO
HTO
Annualised
HTO
15.3%
-5.8%
NUS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HTO
HTO
NUS
NUS
Revenue
$199.4M
$370.3M
Net Profit
$16.2M
$14.5M
Gross Margin
70.7%
Operating Margin
16.6%
6.3%
Net Margin
8.1%
3.9%
Revenue YoY
1.5%
-16.9%
Net Profit YoY
-29.2%
140.1%
EPS (diluted)
$0.45
$0.27

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
NUS
NUS
Q4 25
$199.4M
$370.3M
Q3 25
$243.5M
$364.2M
Q2 25
$197.8M
$386.1M
Q1 25
$164.9M
$364.5M
Q4 24
$196.5M
$445.6M
Q3 24
$216.7M
$430.1M
Q2 24
$173.1M
$439.1M
Q1 24
$150.0M
$417.3M
Net Profit
HTO
HTO
NUS
NUS
Q4 25
$16.2M
$14.5M
Q3 25
$45.1M
$17.1M
Q2 25
$24.7M
$21.1M
Q1 25
$16.6M
$107.5M
Q4 24
$22.9M
$-36.1M
Q3 24
$38.7M
$8.3M
Q2 24
$20.7M
$-118.3M
Q1 24
$11.7M
$-533.0K
Gross Margin
HTO
HTO
NUS
NUS
Q4 25
70.7%
Q3 25
70.5%
Q2 25
68.8%
Q1 25
67.8%
Q4 24
62.7%
Q3 24
70.1%
Q2 24
70.0%
Q1 24
70.5%
Operating Margin
HTO
HTO
NUS
NUS
Q4 25
16.6%
6.3%
Q3 25
26.5%
5.9%
Q2 25
22.2%
8.0%
Q1 25
21.8%
-2.7%
Q4 24
22.2%
-11.9%
Q3 24
26.9%
4.2%
Q2 24
23.4%
-28.6%
Q1 24
18.6%
2.1%
Net Margin
HTO
HTO
NUS
NUS
Q4 25
8.1%
3.9%
Q3 25
18.5%
4.7%
Q2 25
12.5%
5.5%
Q1 25
10.0%
29.5%
Q4 24
11.7%
-8.1%
Q3 24
17.8%
1.9%
Q2 24
12.0%
-26.9%
Q1 24
7.8%
-0.1%
EPS (diluted)
HTO
HTO
NUS
NUS
Q4 25
$0.45
$0.27
Q3 25
$1.27
$0.34
Q2 25
$0.71
$0.43
Q1 25
$0.49
$2.14
Q4 24
$0.70
$-0.73
Q3 24
$1.17
$0.17
Q2 24
$0.64
$-2.38
Q1 24
$0.36
$-0.01

Balance Sheet & Financial Strength

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

Metric
HTO
HTO
NUS
NUS
Cash + ST InvestmentsLiquidity on hand
$20.7M
$239.8M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$1.5B
$805.2M
Total Assets
$5.1B
$1.4B
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTO
HTO
NUS
NUS
Q4 25
$20.7M
$239.8M
Q3 25
$11.3M
$253.0M
Q2 25
$19.8M
$265.4M
Q1 25
$23.7M
$213.6M
Q4 24
$11.1M
$198.0M
Q3 24
$4.0M
$237.8M
Q2 24
$22.8M
$232.9M
Q1 24
$4.5M
$221.2M
Total Debt
HTO
HTO
NUS
NUS
Q4 25
$1.9B
Q3 25
Q2 25
Q1 25
Q4 24
$1.7B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HTO
HTO
NUS
NUS
Q4 25
$1.5B
$805.2M
Q3 25
$1.5B
$799.8M
Q2 25
$1.5B
$787.8M
Q1 25
$1.4B
$754.0M
Q4 24
$1.4B
$651.5M
Q3 24
$1.3B
$706.9M
Q2 24
$1.3B
$686.2M
Q1 24
$1.2B
$810.2M
Total Assets
HTO
HTO
NUS
NUS
Q4 25
$5.1B
$1.4B
Q3 25
$5.0B
$1.4B
Q2 25
$4.8B
$1.4B
Q1 25
$4.7B
$1.4B
Q4 24
$4.7B
$1.5B
Q3 24
$4.6B
$1.6B
Q2 24
$4.4B
$1.6B
Q1 24
$4.4B
$1.7B
Debt / Equity
HTO
HTO
NUS
NUS
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
HTO
HTO
NUS
NUS
Operating Cash FlowLast quarter
$63.5M
$16.6M
Free Cash FlowOCF − Capex
$5.9M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
3.92×
1.15×
TTM Free Cash FlowTrailing 4 quarters
$46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTO
HTO
NUS
NUS
Q4 25
$63.5M
$16.6M
Q3 25
$77.3M
$27.5M
Q2 25
$60.8M
$35.8M
Q1 25
$43.2M
$389.0K
Q4 24
$41.5M
$25.8M
Q3 24
$53.5M
$31.4M
Q2 24
$49.3M
$51.2M
Q1 24
$51.2M
$3.3M
Free Cash Flow
HTO
HTO
NUS
NUS
Q4 25
$5.9M
Q3 25
$17.6M
Q2 25
$35.8M
Q1 25
$-13.2M
Q4 24
$13.2M
Q3 24
$22.8M
Q2 24
$43.1M
Q1 24
$-9.0M
FCF Margin
HTO
HTO
NUS
NUS
Q4 25
1.6%
Q3 25
4.8%
Q2 25
9.3%
Q1 25
-3.6%
Q4 24
3.0%
Q3 24
5.3%
Q2 24
9.8%
Q1 24
-2.1%
Capex Intensity
HTO
HTO
NUS
NUS
Q4 25
2.9%
Q3 25
2.7%
Q2 25
0.0%
Q1 25
3.7%
Q4 24
2.8%
Q3 24
2.0%
Q2 24
1.9%
Q1 24
2.9%
Cash Conversion
HTO
HTO
NUS
NUS
Q4 25
3.92×
1.15×
Q3 25
1.71×
1.61×
Q2 25
2.47×
1.69×
Q1 25
2.61×
0.00×
Q4 24
1.81×
Q3 24
1.39×
3.79×
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
HTO

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

NUS
NUS

Other$161.9M44%
Mainland China Segment$52.0M14%
Southeast Asia Pacific Segment$50.5M14%
Europe And Africa Segment$41.8M11%
Hong Kong Taiwan Segment$29.6M8%
South Korea Segment$28.4M8%
Rhyz Other Segment$6.1M2%

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