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Side-by-side financial comparison of H2O AMERICA (HTO) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $105.1M, roughly 1.9× OLAPLEX HOLDINGS, INC.). H2O AMERICA runs the higher net margin — 8.1% vs -12.5%, a 20.6% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 3.1%).
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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
HTO vs OLPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $105.1M |
| Net Profit | $16.2M | $-13.1M |
| Gross Margin | — | 68.0% |
| Operating Margin | 16.6% | -4.3% |
| Net Margin | 8.1% | -12.5% |
| Revenue YoY | 1.5% | 4.3% |
| Net Profit YoY | -29.2% | -48.9% |
| EPS (diluted) | $0.45 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $243.5M | $114.6M | ||
| Q2 25 | $197.8M | $106.3M | ||
| Q1 25 | $164.9M | $97.0M | ||
| Q4 24 | $196.5M | $100.7M | ||
| Q3 24 | $216.7M | $119.1M | ||
| Q2 24 | $173.1M | $103.9M | ||
| Q1 24 | $150.0M | $98.9M |
| Q4 25 | $16.2M | $-13.1M | ||
| Q3 25 | $45.1M | $11.1M | ||
| Q2 25 | $24.7M | $-7.7M | ||
| Q1 25 | $16.6M | $465.0K | ||
| Q4 24 | $22.9M | $-8.8M | ||
| Q3 24 | $38.7M | $14.8M | ||
| Q2 24 | $20.7M | $5.8M | ||
| Q1 24 | $11.7M | $7.7M |
| Q4 25 | — | 68.0% | ||
| Q3 25 | — | 69.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 69.5% | ||
| Q4 24 | — | 66.3% | ||
| Q3 24 | — | 68.6% | ||
| Q2 24 | — | 69.7% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | 16.6% | -4.3% | ||
| Q3 25 | 26.5% | 3.7% | ||
| Q2 25 | 22.2% | -1.1% | ||
| Q1 25 | 21.8% | 8.7% | ||
| Q4 24 | 22.2% | 3.0% | ||
| Q3 24 | 26.9% | 23.5% | ||
| Q2 24 | 23.4% | 15.7% | ||
| Q1 24 | 18.6% | 19.8% |
| Q4 25 | 8.1% | -12.5% | ||
| Q3 25 | 18.5% | 9.7% | ||
| Q2 25 | 12.5% | -7.3% | ||
| Q1 25 | 10.0% | 0.5% | ||
| Q4 24 | 11.7% | -8.7% | ||
| Q3 24 | 17.8% | 12.4% | ||
| Q2 24 | 12.0% | 5.6% | ||
| Q1 24 | 7.8% | 7.8% |
| Q4 25 | $0.45 | $-0.02 | ||
| Q3 25 | $1.27 | $0.02 | ||
| Q2 25 | $0.71 | $-0.01 | ||
| Q1 25 | $0.49 | $0.00 | ||
| Q4 24 | $0.70 | $-0.01 | ||
| Q3 24 | $1.17 | $0.02 | ||
| Q2 24 | $0.64 | $0.01 | ||
| Q1 24 | $0.36 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | $1.9B | $352.3M |
| Stockholders' EquityBook value | $1.5B | $879.4M |
| Total Assets | $5.1B | $1.5B |
| Debt / EquityLower = less leverage | 1.23× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $318.7M | ||
| Q3 25 | $11.3M | $286.4M | ||
| Q2 25 | $19.8M | $289.3M | ||
| Q1 25 | $23.7M | $580.9M | ||
| Q4 24 | $11.1M | $586.0M | ||
| Q3 24 | $4.0M | $538.8M | ||
| Q2 24 | $22.8M | $507.9M | ||
| Q1 24 | $4.5M | $507.5M |
| Q4 25 | $1.9B | $352.3M | ||
| Q3 25 | — | $352.1M | ||
| Q2 25 | — | $351.9M | ||
| Q1 25 | — | $649.1M | ||
| Q4 24 | $1.7B | $650.5M | ||
| Q3 24 | — | $651.8M | ||
| Q2 24 | — | $653.1M | ||
| Q1 24 | — | $654.4M |
| Q4 25 | $1.5B | $879.4M | ||
| Q3 25 | $1.5B | $888.7M | ||
| Q2 25 | $1.5B | $874.2M | ||
| Q1 25 | $1.4B | $878.3M | ||
| Q4 24 | $1.4B | $874.4M | ||
| Q3 24 | $1.3B | $879.7M | ||
| Q2 24 | $1.3B | $863.3M | ||
| Q1 24 | $1.2B | $855.7M |
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $4.8B | $1.5B | ||
| Q1 25 | $4.7B | $1.8B | ||
| Q4 24 | $4.7B | $1.8B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $4.4B | $1.8B | ||
| Q1 24 | $4.4B | $1.8B |
| Q4 25 | 1.23× | 0.40× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | 1.26× | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | — | $32.6M |
| FCF MarginFCF / Revenue | — | 31.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $32.7M | ||
| Q3 25 | $77.3M | $8.0M | ||
| Q2 25 | $60.8M | $20.9M | ||
| Q1 25 | $43.2M | $-2.9M | ||
| Q4 24 | $41.5M | $49.7M | ||
| Q3 24 | $53.5M | $33.5M | ||
| Q2 24 | $49.3M | $16.2M | ||
| Q1 24 | $51.2M | $43.7M |
| Q4 25 | — | $32.6M | ||
| Q3 25 | — | $7.9M | ||
| Q2 25 | — | $20.8M | ||
| Q1 25 | — | $-3.0M | ||
| Q4 24 | — | $49.2M | ||
| Q3 24 | — | $33.3M | ||
| Q2 24 | — | $16.1M | ||
| Q1 24 | — | $43.3M |
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 19.6% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 15.5% | ||
| Q1 24 | — | 43.7% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | 0.72× | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | -6.27× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | 2.26× | ||
| Q2 24 | 2.38× | 2.81× | ||
| Q1 24 | 4.38× | 5.64× |
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% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
