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Side-by-side financial comparison of H2O AMERICA (HTO) and Origin Bancorp, Inc. (OBK). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $104.0M, roughly 1.9× Origin Bancorp, Inc.). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs 8.1%, a 18.5% gap on every dollar of revenue. Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 3.9%).
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.
Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".
HTO vs OBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $104.0M |
| Net Profit | $16.2M | $27.7M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | — |
| Net Margin | 8.1% | 26.6% |
| Revenue YoY | 1.5% | — |
| Net Profit YoY | -29.2% | — |
| EPS (diluted) | $0.45 | $0.89 |
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.
| Q1 26 | — | $104.0M | ||
| Q4 25 | $199.4M | $103.4M | ||
| Q3 25 | $243.5M | $109.8M | ||
| Q2 25 | $197.8M | $83.5M | ||
| Q1 25 | $164.9M | $94.1M | ||
| Q4 24 | $196.5M | $78.3M | ||
| Q3 24 | $216.7M | $90.8M | ||
| Q2 24 | $173.1M | $96.4M |
| Q1 26 | — | $27.7M | ||
| Q4 25 | $16.2M | $29.5M | ||
| Q3 25 | $45.1M | $8.6M | ||
| Q2 25 | $24.7M | $14.6M | ||
| Q1 25 | $16.6M | $22.4M | ||
| Q4 24 | $22.9M | $14.3M | ||
| Q3 24 | $38.7M | $18.6M | ||
| Q2 24 | $20.7M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | 16.6% | 36.2% | ||
| Q3 25 | 26.5% | 10.0% | ||
| Q2 25 | 22.2% | 22.3% | ||
| Q1 25 | 21.8% | 30.4% | ||
| Q4 24 | 22.2% | 23.0% | ||
| Q3 24 | 26.9% | 26.1% | ||
| Q2 24 | 23.4% | 27.7% |
| Q1 26 | — | 26.6% | ||
| Q4 25 | 8.1% | 28.5% | ||
| Q3 25 | 18.5% | 7.9% | ||
| Q2 25 | 12.5% | 17.5% | ||
| Q1 25 | 10.0% | 23.8% | ||
| Q4 24 | 11.7% | 18.2% | ||
| Q3 24 | 17.8% | 20.5% | ||
| Q2 24 | 12.0% | 21.8% |
| Q1 26 | — | $0.89 | ||
| Q4 25 | $0.45 | $0.95 | ||
| Q3 25 | $1.27 | $0.27 | ||
| Q2 25 | $0.71 | $0.47 | ||
| Q1 25 | $0.49 | $0.71 | ||
| Q4 24 | $0.70 | $0.45 | ||
| Q3 24 | $1.17 | $0.60 | ||
| Q2 24 | $0.64 | $0.67 |
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 | — |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $1.3B |
| Total Assets | $5.1B | $10.2B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $424.2M | ||
| Q3 25 | $11.3M | $626.9M | ||
| Q2 25 | $19.8M | $334.1M | ||
| Q1 25 | $23.7M | $486.2M | ||
| Q4 24 | $11.1M | $470.2M | ||
| Q3 24 | $4.0M | $321.2M | ||
| Q2 24 | $22.8M | $288.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B |
| Q1 26 | — | $10.2B | ||
| Q4 25 | $5.1B | $9.7B | ||
| Q3 25 | $5.0B | $9.8B | ||
| Q2 25 | $4.8B | $9.7B | ||
| Q1 25 | $4.7B | $9.8B | ||
| Q4 24 | $4.7B | $9.7B | ||
| Q3 24 | $4.6B | $10.0B | ||
| Q2 24 | $4.4B | $9.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.5M | $158.9M | ||
| Q3 25 | $77.3M | $59.3M | ||
| Q2 25 | $60.8M | $20.6M | ||
| Q1 25 | $43.2M | $35.6M | ||
| Q4 24 | $41.5M | $108.5M | ||
| Q3 24 | $53.5M | $39.6M | ||
| Q2 24 | $49.3M | $11.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $151.1M | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $34.8M | ||
| Q4 24 | — | $86.4M | ||
| Q3 24 | — | $32.2M | ||
| Q2 24 | — | $6.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 146.0% | ||
| Q3 25 | — | 51.7% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 37.0% | ||
| Q4 24 | — | 110.3% | ||
| Q3 24 | — | 35.5% | ||
| Q2 24 | — | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.92× | 5.38× | ||
| Q3 25 | 1.71× | 6.88× | ||
| Q2 25 | 2.47× | 1.41× | ||
| Q1 25 | 2.61× | 1.59× | ||
| Q4 24 | 1.81× | 7.60× | ||
| Q3 24 | 1.39× | 2.13× | ||
| Q2 24 | 2.38× | 0.57× |
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% |
OBK
| Net Interest Income | $87.2M | 84% |
| Noninterest Income | $16.8M | 16% |
