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Side-by-side financial comparison of H2O AMERICA (HTO) and OIL STATES INTERNATIONAL, INC (OIS). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $178.5M, roughly 1.1× OIL STATES INTERNATIONAL, INC). H2O AMERICA runs the higher net margin — 8.1% vs -65.7%, a 73.8% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 3.3%).
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.
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
HTO vs OIS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $178.5M |
| Net Profit | $16.2M | $-117.2M |
| Gross Margin | — | 10.9% |
| Operating Margin | 16.6% | -63.7% |
| Net Margin | 8.1% | -65.7% |
| Revenue YoY | 1.5% | 8.4% |
| Net Profit YoY | -29.2% | -873.2% |
| EPS (diluted) | $0.45 | $-1.99 |
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 | $178.5M | ||
| Q3 25 | $243.5M | $165.2M | ||
| Q2 25 | $197.8M | $165.4M | ||
| Q1 25 | $164.9M | $159.9M | ||
| Q4 24 | $196.5M | $164.6M | ||
| Q3 24 | $216.7M | $174.3M | ||
| Q2 24 | $173.1M | $186.4M | ||
| Q1 24 | $150.0M | $167.3M |
| Q4 25 | $16.2M | $-117.2M | ||
| Q3 25 | $45.1M | $1.9M | ||
| Q2 25 | $24.7M | $2.8M | ||
| Q1 25 | $16.6M | $3.2M | ||
| Q4 24 | $22.9M | $15.2M | ||
| Q3 24 | $38.7M | $-14.3M | ||
| Q2 24 | $20.7M | $1.3M | ||
| Q1 24 | $11.7M | $-13.4M |
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 23.3% | ||
| Q4 24 | — | 23.7% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 21.1% |
| Q4 25 | 16.6% | -63.7% | ||
| Q3 25 | 26.5% | 2.9% | ||
| Q2 25 | 22.2% | 3.2% | ||
| Q1 25 | 21.8% | 3.5% | ||
| Q4 24 | 22.2% | 11.2% | ||
| Q3 24 | 26.9% | -6.3% | ||
| Q2 24 | 23.4% | 1.1% | ||
| Q1 24 | 18.6% | -6.7% |
| Q4 25 | 8.1% | -65.7% | ||
| Q3 25 | 18.5% | 1.2% | ||
| Q2 25 | 12.5% | 1.7% | ||
| Q1 25 | 10.0% | 2.0% | ||
| Q4 24 | 11.7% | 9.2% | ||
| Q3 24 | 17.8% | -8.2% | ||
| Q2 24 | 12.0% | 0.7% | ||
| Q1 24 | 7.8% | -8.0% |
| Q4 25 | $0.45 | $-1.99 | ||
| Q3 25 | $1.27 | $0.03 | ||
| Q2 25 | $0.71 | $0.05 | ||
| Q1 25 | $0.49 | $0.05 | ||
| Q4 24 | $0.70 | $0.24 | ||
| Q3 24 | $1.17 | $-0.23 | ||
| Q2 24 | $0.64 | $0.02 | ||
| Q1 24 | $0.36 | $-0.21 |
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 | $69.9M |
| Total DebtLower is stronger | $1.9B | $1.7M |
| Stockholders' EquityBook value | $1.5B | $573.2M |
| Total Assets | $5.1B | $883.4M |
| Debt / EquityLower = less leverage | 1.23× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $69.9M | ||
| Q3 25 | $11.3M | $67.1M | ||
| Q2 25 | $19.8M | $53.9M | ||
| Q1 25 | $23.7M | $66.8M | ||
| Q4 24 | $11.1M | $65.4M | ||
| Q3 24 | $4.0M | $46.0M | ||
| Q2 24 | $22.8M | $25.2M | ||
| Q1 24 | $4.5M | $24.1M |
| Q4 25 | $1.9B | $1.7M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $124.7M | ||
| Q4 24 | $1.7B | $124.7M | ||
| Q3 24 | — | $124.6M | ||
| Q2 24 | — | $124.3M | ||
| Q1 24 | — | $135.6M |
| Q4 25 | $1.5B | $573.2M | ||
| Q3 25 | $1.5B | $689.0M | ||
| Q2 25 | $1.5B | $690.6M | ||
| Q1 25 | $1.4B | $683.4M | ||
| Q4 24 | $1.4B | $680.7M | ||
| Q3 24 | $1.3B | $684.8M | ||
| Q2 24 | $1.3B | $690.4M | ||
| Q1 24 | $1.2B | $692.3M |
| Q4 25 | $5.1B | $883.4M | ||
| Q3 25 | $5.0B | $1.0B | ||
| Q2 25 | $4.8B | $993.7M | ||
| Q1 25 | $4.7B | $990.7M | ||
| Q4 24 | $4.7B | $1.0B | ||
| Q3 24 | $4.6B | $994.1M | ||
| Q2 24 | $4.4B | $1.0B | ||
| Q1 24 | $4.4B | $1.0B |
| Q4 25 | 1.23× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | 1.26× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.20× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | — | $47.1M |
| FCF MarginFCF / Revenue | — | 26.4% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $73.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $50.1M | ||
| Q3 25 | $77.3M | $30.7M | ||
| Q2 25 | $60.8M | $15.0M | ||
| Q1 25 | $43.2M | $9.3M | ||
| Q4 24 | $41.5M | $18.2M | ||
| Q3 24 | $53.5M | $28.8M | ||
| Q2 24 | $49.3M | $10.2M | ||
| Q1 24 | $51.2M | $-11.4M |
| Q4 25 | — | $47.1M | ||
| Q3 25 | — | $22.0M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $137.0K | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $21.4M | ||
| Q2 24 | — | $4.5M | ||
| Q1 24 | — | $-21.5M |
| Q4 25 | — | 26.4% | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | -12.8% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 6.0% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | 16.15× | ||
| Q2 25 | 2.47× | 5.33× | ||
| Q1 25 | 2.61× | 2.94× | ||
| Q4 24 | 1.81× | 1.20× | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 2.38× | 7.87× | ||
| 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% |
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
