vs
Side-by-side financial comparison of H2O AMERICA (HTO) and OPKO HEALTH, INC. (OPK). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $148.5M, roughly 1.3× OPKO HEALTH, INC.). H2O AMERICA runs the higher net margin — 8.1% vs -21.1%, a 29.2% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -19.2%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -7.5%).
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.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
HTO vs OPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $148.5M |
| Net Profit | $16.2M | $-31.3M |
| Gross Margin | — | 43.1% |
| Operating Margin | 16.6% | -25.8% |
| Net Margin | 8.1% | -21.1% |
| Revenue YoY | 1.5% | -19.2% |
| Net Profit YoY | -29.2% | -322.8% |
| EPS (diluted) | $0.45 | $-0.04 |
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 | $148.5M | ||
| Q3 25 | $243.5M | $151.7M | ||
| Q2 25 | $197.8M | $156.8M | ||
| Q1 25 | $164.9M | $150.0M | ||
| Q4 24 | $196.5M | $183.6M | ||
| Q3 24 | $216.7M | $173.6M | ||
| Q2 24 | $173.1M | $182.2M | ||
| Q1 24 | $150.0M | $173.7M |
| Q4 25 | $16.2M | $-31.3M | ||
| Q3 25 | $45.1M | $21.6M | ||
| Q2 25 | $24.7M | $-148.4M | ||
| Q1 25 | $16.6M | $-67.6M | ||
| Q4 24 | $22.9M | $14.0M | ||
| Q3 24 | $38.7M | $24.9M | ||
| Q2 24 | $20.7M | $-10.3M | ||
| Q1 24 | $11.7M | $-81.8M |
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 31.5% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | — | 46.1% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 24.2% |
| Q4 25 | 16.6% | -25.8% | ||
| Q3 25 | 26.5% | 31.7% | ||
| Q2 25 | 22.2% | -38.3% | ||
| Q1 25 | 21.8% | -44.8% | ||
| Q4 24 | 22.2% | -18.0% | ||
| Q3 24 | 26.9% | 8.2% | ||
| Q2 24 | 23.4% | -33.9% | ||
| Q1 24 | 18.6% | -41.2% |
| Q4 25 | 8.1% | -21.1% | ||
| Q3 25 | 18.5% | 14.3% | ||
| Q2 25 | 12.5% | -94.7% | ||
| Q1 25 | 10.0% | -45.1% | ||
| Q4 24 | 11.7% | 7.6% | ||
| Q3 24 | 17.8% | 14.3% | ||
| Q2 24 | 12.0% | -5.7% | ||
| Q1 24 | 7.8% | -47.1% |
| Q4 25 | $0.45 | $-0.04 | ||
| Q3 25 | $1.27 | $0.03 | ||
| Q2 25 | $0.71 | $-0.19 | ||
| Q1 25 | $0.49 | $-0.10 | ||
| Q4 24 | $0.70 | $0.02 | ||
| Q3 24 | $1.17 | $0.03 | ||
| Q2 24 | $0.64 | $-0.01 | ||
| Q1 24 | $0.36 | $-0.12 |
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 | $364.4M |
| Total DebtLower is stronger | $1.9B | $344.0M |
| Stockholders' EquityBook value | $1.5B | $1.3B |
| Total Assets | $5.1B | $1.9B |
| Debt / EquityLower = less leverage | 1.23× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $364.4M | ||
| Q3 25 | $11.3M | $412.0M | ||
| Q2 25 | $19.8M | $267.3M | ||
| Q1 25 | $23.7M | $428.8M | ||
| Q4 24 | $11.1M | $426.6M | ||
| Q3 24 | $4.0M | $400.1M | ||
| Q2 24 | $22.8M | $40.6M | ||
| Q1 24 | $4.5M | $75.6M |
| Q4 25 | $1.9B | $344.0M | ||
| Q3 25 | — | $344.2M | ||
| Q2 25 | — | $343.3M | ||
| Q1 25 | — | $439.2M | ||
| Q4 24 | $1.7B | $437.2M | ||
| Q3 24 | — | $441.0M | ||
| Q2 24 | — | $201.9M | ||
| Q1 24 | — | $350.1M |
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $5.1B | $1.9B | ||
| Q3 25 | $5.0B | $2.0B | ||
| Q2 25 | $4.8B | $2.0B | ||
| Q1 25 | $4.7B | $2.1B | ||
| Q4 24 | $4.7B | $2.2B | ||
| Q3 24 | $4.6B | $2.3B | ||
| Q2 24 | $4.4B | $2.0B | ||
| Q1 24 | $4.4B | $2.0B |
| Q4 25 | 1.23× | 0.27× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | 1.26× | 0.32× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.28× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | — | $-28.6M |
| FCF MarginFCF / Revenue | — | -19.3% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $-25.9M | ||
| Q3 25 | $77.3M | $-34.6M | ||
| Q2 25 | $60.8M | $-83.4M | ||
| Q1 25 | $43.2M | $-34.6M | ||
| Q4 24 | $41.5M | $-44.4M | ||
| Q3 24 | $53.5M | $-77.1M | ||
| Q2 24 | $49.3M | $-26.4M | ||
| Q1 24 | $51.2M | $-35.6M |
| Q4 25 | — | $-28.6M | ||
| Q3 25 | — | $-37.8M | ||
| Q2 25 | — | $-86.7M | ||
| Q1 25 | — | $-37.7M | ||
| Q4 24 | — | $-49.8M | ||
| Q3 24 | — | $-85.0M | ||
| Q2 24 | — | $-33.7M | ||
| Q1 24 | — | $-40.0M |
| Q4 25 | — | -19.3% | ||
| Q3 25 | — | -24.9% | ||
| Q2 25 | — | -55.3% | ||
| Q1 25 | — | -25.2% | ||
| Q4 24 | — | -27.1% | ||
| Q3 24 | — | -49.0% | ||
| Q2 24 | — | -18.5% | ||
| Q1 24 | — | -23.0% |
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 2.6% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | -1.60× | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | -3.17× | ||
| Q3 24 | 1.39× | -3.10× | ||
| Q2 24 | 2.38× | — | ||
| 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% |
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
