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Side-by-side financial comparison of H2O AMERICA (HTO) and OFG BANCORP (OFG). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $184.3M, roughly 1.1× OFG BANCORP). OFG BANCORP runs the higher net margin — 30.3% vs 8.1%, a 22.2% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs 0.9%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 2.8%).
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.
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....
HTO vs OFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $184.3M |
| Net Profit | $16.2M | $55.9M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 25.7% |
| Net Margin | 8.1% | 30.3% |
| Revenue YoY | 1.5% | 0.9% |
| Net Profit YoY | -29.2% | 11.0% |
| EPS (diluted) | $0.45 | $1.27 |
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.
| Q4 25 | $199.4M | $184.3M | ||
| Q3 25 | $243.5M | $186.2M | ||
| Q2 25 | $197.8M | $182.4M | ||
| Q1 25 | $164.9M | $178.6M | ||
| Q4 24 | $196.5M | $182.7M | ||
| Q3 24 | $216.7M | $174.7M | ||
| Q2 24 | $173.1M | $179.8M | ||
| Q1 24 | $150.0M | $174.4M |
| Q4 25 | $16.2M | $55.9M | ||
| Q3 25 | $45.1M | $51.8M | ||
| Q2 25 | $24.7M | $51.8M | ||
| Q1 25 | $16.6M | $45.6M | ||
| Q4 24 | $22.9M | $50.3M | ||
| Q3 24 | $38.7M | $47.0M | ||
| Q2 24 | $20.7M | $51.1M | ||
| Q1 24 | $11.7M | $49.7M |
| Q4 25 | 16.6% | 25.7% | ||
| Q3 25 | 26.5% | 33.0% | ||
| Q2 25 | 22.2% | 36.1% | ||
| Q1 25 | 21.8% | 33.3% | ||
| Q4 24 | 22.2% | 28.9% | ||
| Q3 24 | 26.9% | 35.4% | ||
| Q2 24 | 23.4% | 39.6% | ||
| Q1 24 | 18.6% | 38.9% |
| Q4 25 | 8.1% | 30.3% | ||
| Q3 25 | 18.5% | 27.8% | ||
| Q2 25 | 12.5% | 28.4% | ||
| Q1 25 | 10.0% | 25.5% | ||
| Q4 24 | 11.7% | 27.6% | ||
| Q3 24 | 17.8% | 26.9% | ||
| Q2 24 | 12.0% | 28.4% | ||
| Q1 24 | 7.8% | 28.5% |
| Q4 25 | $0.45 | $1.27 | ||
| Q3 25 | $1.27 | $1.16 | ||
| Q2 25 | $0.71 | $1.15 | ||
| Q1 25 | $0.49 | $1.00 | ||
| Q4 24 | $0.70 | $1.10 | ||
| Q3 24 | $1.17 | $1.00 | ||
| Q2 24 | $0.64 | $1.08 | ||
| Q1 24 | $0.36 | $1.05 |
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 | $1.0B |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $1.4B |
| Total Assets | $5.1B | $12.5B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $1.0B | ||
| Q3 25 | $11.3M | $740.3M | ||
| Q2 25 | $19.8M | $851.8M | ||
| Q1 25 | $23.7M | $710.6M | ||
| Q4 24 | $11.1M | $591.1M | ||
| Q3 24 | $4.0M | $680.6M | ||
| Q2 24 | $22.8M | $740.4M | ||
| Q1 24 | $4.5M | $754.4M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | $5.1B | $12.5B | ||
| Q3 25 | $5.0B | $12.2B | ||
| Q2 25 | $4.8B | $12.2B | ||
| Q1 25 | $4.7B | $11.7B | ||
| Q4 24 | $4.7B | $11.5B | ||
| Q3 24 | $4.6B | $11.5B | ||
| Q2 24 | $4.4B | $11.3B | ||
| Q1 24 | $4.4B | $11.2B |
| 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 | $217.7M |
| Free Cash FlowOCF − Capex | — | $199.3M |
| FCF MarginFCF / Revenue | — | 108.1% |
| Capex IntensityCapex / Revenue | — | 10.0% |
| Cash ConversionOCF / Net Profit | 3.92× | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $345.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $217.7M | ||
| Q3 25 | $77.3M | $39.5M | ||
| Q2 25 | $60.8M | $35.9M | ||
| Q1 25 | $43.2M | $83.1M | ||
| Q4 24 | $41.5M | $252.5M | ||
| Q3 24 | $53.5M | $58.1M | ||
| Q2 24 | $49.3M | $95.1M | ||
| Q1 24 | $51.2M | $61.0M |
| Q4 25 | — | $199.3M | ||
| Q3 25 | — | $35.5M | ||
| Q2 25 | — | $31.8M | ||
| Q1 25 | — | $78.7M | ||
| Q4 24 | — | $231.2M | ||
| Q3 24 | — | $51.8M | ||
| Q2 24 | — | $90.4M | ||
| Q1 24 | — | $54.8M |
| Q4 25 | — | 108.1% | ||
| Q3 25 | — | 19.1% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 44.1% | ||
| Q4 24 | — | 126.5% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 50.3% | ||
| Q1 24 | — | 31.4% |
| Q4 25 | — | 10.0% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | 3.92× | 3.90× | ||
| Q3 25 | 1.71× | 0.76× | ||
| Q2 25 | 2.47× | 0.69× | ||
| Q1 25 | 2.61× | 1.82× | ||
| Q4 24 | 1.81× | 5.02× | ||
| Q3 24 | 1.39× | 1.24× | ||
| Q2 24 | 2.38× | 1.86× | ||
| Q1 24 | 4.38× | 1.23× |
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% |
OFG
Segment breakdown not available.
