vs
Side-by-side financial comparison of H2O AMERICA (HTO) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $199.4M, roughly 1.3× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 1.4%, a 6.8% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 15.3%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
HTO vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $260.4M |
| Net Profit | $16.2M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 16.6% | 6.5% |
| Net Margin | 8.1% | 1.4% |
| Revenue YoY | 1.5% | -9.4% |
| Net Profit YoY | -29.2% | -14.3% |
| EPS (diluted) | $0.45 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $243.5M | $262.0M | ||
| Q2 25 | $197.8M | $223.9M | ||
| Q1 25 | $164.9M | $224.7M | ||
| Q4 24 | $196.5M | $287.5M | ||
| Q3 24 | $216.7M | $277.8M | ||
| Q2 24 | $173.1M | $220.9M | ||
| Q1 24 | $150.0M | $189.2M |
| Q4 25 | $16.2M | $3.5M | ||
| Q3 25 | $45.1M | $2.1M | ||
| Q2 25 | $24.7M | $2.4M | ||
| Q1 25 | $16.6M | $2.7M | ||
| Q4 24 | $22.9M | $4.1M | ||
| Q3 24 | $38.7M | $5.3M | ||
| Q2 24 | $20.7M | $3.6M | ||
| Q1 24 | $11.7M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 16.6% | 6.5% | ||
| Q3 25 | 26.5% | 6.6% | ||
| Q2 25 | 22.2% | 7.7% | ||
| Q1 25 | 21.8% | 8.7% | ||
| Q4 24 | 22.2% | 10.4% | ||
| Q3 24 | 26.9% | 14.2% | ||
| Q2 24 | 23.4% | 11.7% | ||
| Q1 24 | 18.6% | 11.3% |
| Q4 25 | 8.1% | 1.4% | ||
| Q3 25 | 18.5% | 0.8% | ||
| Q2 25 | 12.5% | 1.1% | ||
| Q1 25 | 10.0% | 1.2% | ||
| Q4 24 | 11.7% | 1.4% | ||
| Q3 24 | 17.8% | 1.9% | ||
| Q2 24 | 12.0% | 1.7% | ||
| Q1 24 | 7.8% | 1.6% |
| Q4 25 | $0.45 | $0.39 | ||
| Q3 25 | $1.27 | $0.24 | ||
| Q2 25 | $0.71 | $0.26 | ||
| Q1 25 | $0.49 | $0.30 | ||
| Q4 24 | $0.70 | $0.50 | ||
| Q3 24 | $1.17 | $0.58 | ||
| Q2 24 | $0.64 | $0.40 | ||
| Q1 24 | $0.36 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $86.7M |
| Total Assets | $5.1B | $557.6M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $12.7M | ||
| Q3 25 | $11.3M | $14.8M | ||
| Q2 25 | $19.8M | $16.8M | ||
| Q1 25 | $23.7M | $12.7M | ||
| Q4 24 | $11.1M | $22.4M | ||
| Q3 24 | $4.0M | $23.7M | ||
| Q2 24 | $22.8M | $17.3M | ||
| Q1 24 | $4.5M | $32.8M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $86.7M | ||
| Q3 25 | $1.5B | $82.2M | ||
| Q2 25 | $1.5B | $80.0M | ||
| Q1 25 | $1.4B | $76.9M | ||
| Q4 24 | $1.4B | $73.6M | ||
| Q3 24 | $1.3B | $68.4M | ||
| Q2 24 | $1.3B | $62.1M | ||
| Q1 24 | $1.2B | $59.7M |
| Q4 25 | $5.1B | $557.6M | ||
| Q3 25 | $5.0B | $571.6M | ||
| Q2 25 | $4.8B | $570.2M | ||
| Q1 25 | $4.7B | $513.9M | ||
| Q4 24 | $4.7B | $475.9M | ||
| Q3 24 | $4.6B | $460.1M | ||
| Q2 24 | $4.4B | $429.3M | ||
| Q1 24 | $4.4B | $401.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 3.92× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $9.8M | ||
| Q3 25 | $77.3M | $22.8M | ||
| Q2 25 | $60.8M | $-28.9M | ||
| Q1 25 | $43.2M | $-34.9M | ||
| Q4 24 | $41.5M | $5.5M | ||
| Q3 24 | $53.5M | $22.9M | ||
| Q2 24 | $49.3M | $39.0K | ||
| Q1 24 | $51.2M | $-9.3M |
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $-31.1M | ||
| Q1 25 | — | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | — | $-2.1M | ||
| Q1 24 | — | $-9.7M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -13.9% | ||
| Q1 25 | — | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -1.0% | ||
| Q1 24 | — | -5.1% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 3.92× | 2.77× | ||
| Q3 25 | 1.71× | 10.70× | ||
| Q2 25 | 2.47× | -12.24× | ||
| Q1 25 | 2.61× | -13.01× | ||
| Q4 24 | 1.81× | 1.33× | ||
| Q3 24 | 1.39× | 4.28× | ||
| Q2 24 | 2.38× | 0.01× | ||
| Q1 24 | 4.38× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
