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Side-by-side financial comparison of H2O AMERICA (HTO) and Nutex Health, Inc. (NUTX). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $151.7M, roughly 1.3× Nutex Health, Inc.). H2O AMERICA runs the higher net margin — 8.1% vs 7.8%, a 0.3% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -41.1%). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% 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.
Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.
HTO vs NUTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $151.7M |
| Net Profit | $16.2M | $11.8M |
| Gross Margin | — | 30.4% |
| Operating Margin | 16.6% | 20.4% |
| Net Margin | 8.1% | 7.8% |
| Revenue YoY | 1.5% | -41.1% |
| Net Profit YoY | -29.2% | -80.8% |
| EPS (diluted) | $0.45 | $2.34 |
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 | $151.7M | ||
| Q3 25 | $243.5M | $267.8M | ||
| Q2 25 | $197.8M | $244.0M | ||
| Q1 25 | $164.9M | $211.8M | ||
| Q4 24 | $196.5M | $257.6M | ||
| Q3 24 | $216.7M | $78.8M | ||
| Q2 24 | $173.1M | $76.1M | ||
| Q1 24 | $150.0M | $67.5M |
| Q4 25 | $16.2M | $11.8M | ||
| Q3 25 | $45.1M | $55.4M | ||
| Q2 25 | $24.7M | $-17.7M | ||
| Q1 25 | $16.6M | $21.2M | ||
| Q4 24 | $22.9M | $61.6M | ||
| Q3 24 | $38.7M | $-8.8M | ||
| Q2 24 | $20.7M | $-364.0K | ||
| Q1 24 | $11.7M | $-364.0K |
| Q4 25 | — | 30.4% | ||
| Q3 25 | — | 57.8% | ||
| Q2 25 | — | 51.2% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 55.0% | ||
| Q3 24 | — | 27.8% | ||
| Q2 24 | — | 29.7% | ||
| Q1 24 | — | 15.1% |
| Q4 25 | 16.6% | 20.4% | ||
| Q3 25 | 26.5% | 48.7% | ||
| Q2 25 | 22.2% | 13.8% | ||
| Q1 25 | 21.8% | 38.1% | ||
| Q4 24 | 22.2% | 44.4% | ||
| Q3 24 | 26.9% | 12.3% | ||
| Q2 24 | 23.4% | 7.0% | ||
| Q1 24 | 18.6% | 2.1% |
| Q4 25 | 8.1% | 7.8% | ||
| Q3 25 | 18.5% | 20.7% | ||
| Q2 25 | 12.5% | -7.3% | ||
| Q1 25 | 10.0% | 10.0% | ||
| Q4 24 | 11.7% | 23.9% | ||
| Q3 24 | 17.8% | -11.2% | ||
| Q2 24 | 12.0% | -0.5% | ||
| Q1 24 | 7.8% | -0.5% |
| Q4 25 | $0.45 | $2.34 | ||
| Q3 25 | $1.27 | $7.76 | ||
| Q2 25 | $0.71 | $-2.95 | ||
| Q1 25 | $0.49 | $3.33 | ||
| Q4 24 | $0.70 | $11.56 | ||
| Q3 24 | $1.17 | $-1.72 | ||
| Q2 24 | $0.64 | $-0.07 | ||
| Q1 24 | $0.36 | $-0.08 |
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 | $185.6M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $329.4M |
| Total Assets | $5.1B | $918.5M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $185.6M | ||
| Q3 25 | $11.3M | $166.0M | ||
| Q2 25 | $19.8M | $96.7M | ||
| Q1 25 | $23.7M | $84.7M | ||
| Q4 24 | $11.1M | $40.6M | ||
| Q3 24 | $4.0M | $46.9M | ||
| Q2 24 | $22.8M | $40.8M | ||
| Q1 24 | $4.5M | $30.0M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $329.4M | ||
| Q3 25 | $1.5B | $317.2M | ||
| Q2 25 | $1.5B | $235.3M | ||
| Q1 25 | $1.4B | $176.9M | ||
| Q4 24 | $1.4B | $132.4M | ||
| Q3 24 | $1.3B | $60.4M | ||
| Q2 24 | $1.3B | $62.7M | ||
| Q1 24 | $1.2B | $63.0M |
| Q4 25 | $5.1B | $918.5M | ||
| Q3 25 | $5.0B | $964.5M | ||
| Q2 25 | $4.8B | $841.0M | ||
| Q1 25 | $4.7B | $761.9M | ||
| Q4 24 | $4.7B | $655.3M | ||
| Q3 24 | $4.6B | $438.5M | ||
| Q2 24 | $4.4B | $422.4M | ||
| Q1 24 | $4.4B | $404.3M |
| 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 | $70.4M |
| Free Cash FlowOCF − Capex | — | $69.0M |
| FCF MarginFCF / Revenue | — | 45.5% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 3.92× | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $245.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $70.4M | ||
| Q3 25 | $77.3M | $99.5M | ||
| Q2 25 | $60.8M | $27.3M | ||
| Q1 25 | $43.2M | $51.0M | ||
| Q4 24 | $41.5M | $54.0K | ||
| Q3 24 | $53.5M | $6.8M | ||
| Q2 24 | $49.3M | $13.3M | ||
| Q1 24 | $51.2M | $3.1M |
| Q4 25 | — | $69.0M | ||
| Q3 25 | — | $99.2M | ||
| Q2 25 | — | $26.5M | ||
| Q1 25 | — | $50.9M | ||
| Q4 24 | — | $-341.0K | ||
| Q3 24 | — | $6.2M | ||
| Q2 24 | — | $12.7M | ||
| Q1 24 | — | $2.3M |
| Q4 25 | — | 45.5% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 16.7% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | 3.92× | 5.95× | ||
| Q3 25 | 1.71× | 1.80× | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | 2.40× | ||
| Q4 24 | 1.81× | 0.00× | ||
| Q3 24 | 1.39× | — | ||
| 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% |
NUTX
| Hospital Division | $143.7M | 95% |
| Population Health Management Division | $8.0M | 5% |
