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Side-by-side financial comparison of H2O AMERICA (HTO) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $172.9M, roughly 1.2× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs 8.1%, a 30.2% gap on every dollar of revenue. On growth, UNIVERSAL DISPLAY CORP \PA\ posted the faster year-over-year revenue change (6.6% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 2.3%).
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.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
HTO vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $172.9M |
| Net Profit | $16.2M | $66.3M |
| Gross Margin | — | 76.1% |
| Operating Margin | 16.6% | 38.9% |
| Net Margin | 8.1% | 38.4% |
| Revenue YoY | 1.5% | 6.6% |
| Net Profit YoY | -29.2% | 44.2% |
| EPS (diluted) | $0.45 | $1.40 |
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 | $172.9M | ||
| Q3 25 | $243.5M | $139.6M | ||
| Q2 25 | $197.8M | $171.8M | ||
| Q1 25 | $164.9M | $166.3M | ||
| Q4 24 | $196.5M | $162.3M | ||
| Q3 24 | $216.7M | $161.6M | ||
| Q2 24 | $173.1M | $158.5M | ||
| Q1 24 | $150.0M | $165.3M |
| Q4 25 | $16.2M | $66.3M | ||
| Q3 25 | $45.1M | $44.0M | ||
| Q2 25 | $24.7M | $67.3M | ||
| Q1 25 | $16.6M | $64.4M | ||
| Q4 24 | $22.9M | $46.0M | ||
| Q3 24 | $38.7M | $66.9M | ||
| Q2 24 | $20.7M | $52.3M | ||
| Q1 24 | $11.7M | $56.9M |
| Q4 25 | — | 76.1% | ||
| Q3 25 | — | 74.6% | ||
| Q2 25 | — | 77.2% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 75.8% | ||
| Q1 24 | — | 77.6% |
| Q4 25 | 16.6% | 38.9% | ||
| Q3 25 | 26.5% | 30.9% | ||
| Q2 25 | 22.2% | 39.9% | ||
| Q1 25 | 21.8% | 41.9% | ||
| Q4 24 | 22.2% | 32.3% | ||
| Q3 24 | 26.9% | 41.5% | ||
| Q2 24 | 23.4% | 35.6% | ||
| Q1 24 | 18.6% | 38.0% |
| Q4 25 | 8.1% | 38.4% | ||
| Q3 25 | 18.5% | 31.5% | ||
| Q2 25 | 12.5% | 39.2% | ||
| Q1 25 | 10.0% | 38.8% | ||
| Q4 24 | 11.7% | 28.4% | ||
| Q3 24 | 17.8% | 41.4% | ||
| Q2 24 | 12.0% | 33.0% | ||
| Q1 24 | 7.8% | 34.4% |
| Q4 25 | $0.45 | $1.40 | ||
| Q3 25 | $1.27 | $0.92 | ||
| Q2 25 | $0.71 | $1.41 | ||
| Q1 25 | $0.49 | $1.35 | ||
| Q4 24 | $0.70 | $0.96 | ||
| Q3 24 | $1.17 | $1.40 | ||
| Q2 24 | $0.64 | $1.10 | ||
| Q1 24 | $0.36 | $1.19 |
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 | $602.4M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $1.8B |
| Total Assets | $5.1B | $2.0B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $602.4M | ||
| Q3 25 | $11.3M | $603.0M | ||
| Q2 25 | $19.8M | $525.2M | ||
| Q1 25 | $23.7M | $571.3M | ||
| Q4 24 | $11.1M | $492.7M | ||
| Q3 24 | $4.0M | $551.6M | ||
| Q2 24 | $22.8M | $530.5M | ||
| Q1 24 | $4.5M | $539.3M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.2B | $1.5B |
| Q4 25 | $5.1B | $2.0B | ||
| Q3 25 | $5.0B | $1.9B | ||
| Q2 25 | $4.8B | $1.9B | ||
| Q1 25 | $4.7B | $1.9B | ||
| Q4 24 | $4.7B | $1.8B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $4.4B | $1.8B | ||
| Q1 24 | $4.4B | $1.7B |
| 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 | $31.1M |
| Free Cash FlowOCF − Capex | — | $15.1M |
| FCF MarginFCF / Revenue | — | 8.7% |
| Capex IntensityCapex / Revenue | — | 9.3% |
| Cash ConversionOCF / Net Profit | 3.92× | 0.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $154.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $31.1M | ||
| Q3 25 | $77.3M | $97.2M | ||
| Q2 25 | $60.8M | $51.9M | ||
| Q1 25 | $43.2M | $30.6M | ||
| Q4 24 | $41.5M | $34.7M | ||
| Q3 24 | $53.5M | $79.9M | ||
| Q2 24 | $49.3M | $67.0M | ||
| Q1 24 | $51.2M | $72.2M |
| Q4 25 | — | $15.1M | ||
| Q3 25 | — | $84.3M | ||
| Q2 25 | — | $37.5M | ||
| Q1 25 | — | $17.5M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | — | $66.2M | ||
| Q2 24 | — | $57.9M | ||
| Q1 24 | — | $65.0M |
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | 60.4% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 41.0% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 39.3% |
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 4.4% |
| Q4 25 | 3.92× | 0.47× | ||
| Q3 25 | 1.71× | 2.21× | ||
| Q2 25 | 2.47× | 0.77× | ||
| Q1 25 | 2.61× | 0.47× | ||
| Q4 24 | 1.81× | 0.75× | ||
| Q3 24 | 1.39× | 1.19× | ||
| Q2 24 | 2.38× | 1.28× | ||
| Q1 24 | 4.38× | 1.27× |
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% |
OLED
| Material Sales | $95.5M | 55% |
| Other | $72.6M | 42% |
| Contract Research Services | $4.8M | 3% |
