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Side-by-side financial comparison of H2O AMERICA (HTO) and SOLAREDGE TECHNOLOGIES, INC. (SEDG). Click either name above to swap in a different company.
SOLAREDGE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($335.4M vs $199.4M, roughly 1.7× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs -39.4%, a 47.5% gap on every dollar of revenue. On growth, SOLAREDGE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (70.9% vs 1.5%). Over the past eight quarters, SOLAREDGE TECHNOLOGIES, INC.'s revenue compounded faster (28.1% 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.
SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.
HTO vs SEDG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $335.4M |
| Net Profit | $16.2M | $-132.1M |
| Gross Margin | — | 22.2% |
| Operating Margin | 16.6% | -14.4% |
| Net Margin | 8.1% | -39.4% |
| Revenue YoY | 1.5% | 70.9% |
| Net Profit YoY | -29.2% | 54.0% |
| EPS (diluted) | $0.45 | $-2.21 |
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 | $335.4M | ||
| Q3 25 | $243.5M | $340.2M | ||
| Q2 25 | $197.8M | $289.4M | ||
| Q1 25 | $164.9M | $219.5M | ||
| Q4 24 | $196.5M | $196.2M | ||
| Q3 24 | $216.7M | $235.4M | ||
| Q2 24 | $173.1M | $265.4M | ||
| Q1 24 | $150.0M | $204.4M |
| Q4 25 | $16.2M | $-132.1M | ||
| Q3 25 | $45.1M | $-50.1M | ||
| Q2 25 | $24.7M | $-124.7M | ||
| Q1 25 | $16.6M | $-98.5M | ||
| Q4 24 | $22.9M | $-287.4M | ||
| Q3 24 | $38.7M | $-1.2B | ||
| Q2 24 | $20.7M | $-130.8M | ||
| Q1 24 | $11.7M | $-157.3M |
| Q4 25 | — | 22.2% | ||
| Q3 25 | — | 21.2% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | -57.2% | ||
| Q3 24 | — | -309.1% | ||
| Q2 24 | — | -4.1% | ||
| Q1 24 | — | -12.8% |
| Q4 25 | 16.6% | -14.4% | ||
| Q3 25 | 26.5% | -10.3% | ||
| Q2 25 | 22.2% | -39.9% | ||
| Q1 25 | 21.8% | -46.8% | ||
| Q4 24 | 22.2% | -134.4% | ||
| Q3 24 | 26.9% | -471.8% | ||
| Q2 24 | 23.4% | -60.4% | ||
| Q1 24 | 18.6% | -85.0% |
| Q4 25 | 8.1% | -39.4% | ||
| Q3 25 | 18.5% | -14.7% | ||
| Q2 25 | 12.5% | -43.1% | ||
| Q1 25 | 10.0% | -44.9% | ||
| Q4 24 | 11.7% | -146.5% | ||
| Q3 24 | 17.8% | -522.8% | ||
| Q2 24 | 12.0% | -49.3% | ||
| Q1 24 | 7.8% | -77.0% |
| Q4 25 | $0.45 | $-2.21 | ||
| Q3 25 | $1.27 | $-0.84 | ||
| Q2 25 | $0.71 | $-2.13 | ||
| Q1 25 | $0.49 | $-1.70 | ||
| Q4 24 | $0.70 | $-5.00 | ||
| Q3 24 | $1.17 | $-21.58 | ||
| Q2 24 | $0.64 | $-2.31 | ||
| Q1 24 | $0.36 | $-2.75 |
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 | $493.2M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $427.5M |
| Total Assets | $5.1B | $2.2B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $493.2M | ||
| Q3 25 | $11.3M | $498.6M | ||
| Q2 25 | $19.8M | $758.0M | ||
| Q1 25 | $23.7M | $651.6M | ||
| Q4 24 | $11.1M | $585.9M | ||
| Q3 24 | $4.0M | $678.8M | ||
| Q2 24 | $22.8M | $689.8M | ||
| Q1 24 | $4.5M | $680.6M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $427.5M | ||
| Q3 25 | $1.5B | $479.8M | ||
| Q2 25 | $1.5B | $513.2M | ||
| Q1 25 | $1.4B | $594.2M | ||
| Q4 24 | $1.4B | $658.3M | ||
| Q3 24 | $1.3B | $930.9M | ||
| Q2 24 | $1.3B | $2.1B | ||
| Q1 24 | $1.2B | $2.2B |
| Q4 25 | $5.1B | $2.2B | ||
| Q3 25 | $5.0B | $2.2B | ||
| Q2 25 | $4.8B | $2.5B | ||
| Q1 25 | $4.7B | $2.5B | ||
| Q4 24 | $4.7B | $2.6B | ||
| Q3 24 | $4.6B | $2.8B | ||
| Q2 24 | $4.4B | $3.9B | ||
| Q1 24 | $4.4B | $4.2B |
| 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 | $52.6M |
| Free Cash FlowOCF − Capex | — | $43.3M |
| FCF MarginFCF / Revenue | — | 12.9% |
| Capex IntensityCapex / Revenue | — | 2.8% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $80.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $52.6M | ||
| Q3 25 | $77.3M | $25.6M | ||
| Q2 25 | $60.8M | $-7.8M | ||
| Q1 25 | $43.2M | $33.8M | ||
| Q4 24 | $41.5M | $37.8M | ||
| Q3 24 | $53.5M | $-89.3M | ||
| Q2 24 | $49.3M | $-44.8M | ||
| Q1 24 | $51.2M | $-217.0M |
| Q4 25 | — | $43.3M | ||
| Q3 25 | — | $22.8M | ||
| Q2 25 | — | $-9.1M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $25.5M | ||
| Q3 24 | — | $-136.7M | ||
| Q2 24 | — | $-67.0M | ||
| Q1 24 | — | $-243.4M |
| Q4 25 | — | 12.9% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | -3.1% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | -58.1% | ||
| Q2 24 | — | -25.2% | ||
| Q1 24 | — | -119.1% |
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 12.9% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | — | ||
| 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% |
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
