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Side-by-side financial comparison of H2O AMERICA (HTO) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $135.5M, roughly 1.5× Sezzle Inc.). Sezzle Inc. runs the higher net margin — 37.9% vs 8.1%, a 29.7% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (29.2% vs 1.5%). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (111.9% 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.
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
HTO vs SEZL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $135.5M |
| Net Profit | $16.2M | $51.3M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 50.9% |
| Net Margin | 8.1% | 37.9% |
| Revenue YoY | 1.5% | 29.2% |
| Net Profit YoY | -29.2% | 41.9% |
| EPS (diluted) | $0.45 | — |
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.
| Q1 26 | — | $135.5M | ||
| Q4 25 | $199.4M | $78.2M | ||
| Q3 25 | $243.5M | $57.5M | ||
| Q2 25 | $197.8M | $52.0M | ||
| Q1 25 | $164.9M | $48.2M | ||
| Q4 24 | $196.5M | $48.4M | ||
| Q3 24 | $216.7M | $35.6M | ||
| Q2 24 | $173.1M | $30.2M |
| Q1 26 | — | $51.3M | ||
| Q4 25 | $16.2M | $42.7M | ||
| Q3 25 | $45.1M | $26.7M | ||
| Q2 25 | $24.7M | $27.6M | ||
| Q1 25 | $16.6M | $36.2M | ||
| Q4 24 | $22.9M | $25.4M | ||
| Q3 24 | $38.7M | $15.4M | ||
| Q2 24 | $20.7M | $29.7M |
| Q1 26 | — | 50.9% | ||
| Q4 25 | 16.6% | 70.6% | ||
| Q3 25 | 26.5% | 61.9% | ||
| Q2 25 | 22.2% | 69.4% | ||
| Q1 25 | 21.8% | — | ||
| Q4 24 | 22.2% | 63.8% | ||
| Q3 24 | 26.9% | 58.6% | ||
| Q2 24 | 23.4% | 55.3% |
| Q1 26 | — | 37.9% | ||
| Q4 25 | 8.1% | 54.6% | ||
| Q3 25 | 18.5% | 46.4% | ||
| Q2 25 | 12.5% | 53.1% | ||
| Q1 25 | 10.0% | 75.1% | ||
| Q4 24 | 11.7% | 52.4% | ||
| Q3 24 | 17.8% | 43.4% | ||
| Q2 24 | 12.0% | 98.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.45 | $1.19 | ||
| Q3 25 | $1.27 | $0.75 | ||
| Q2 25 | $0.71 | $0.78 | ||
| Q1 25 | $0.49 | $1.00 | ||
| Q4 24 | $0.70 | $0.71 | ||
| Q3 24 | $1.17 | $0.44 | ||
| Q2 24 | $0.64 | $0.82 |
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 | — |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $196.7M |
| Total Assets | $5.1B | $454.3M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $64.1M | ||
| Q3 25 | $11.3M | $104.1M | ||
| Q2 25 | $19.8M | $88.9M | ||
| Q1 25 | $23.7M | $88.9M | ||
| Q4 24 | $11.1M | $73.2M | ||
| Q3 24 | $4.0M | $80.1M | ||
| Q2 24 | $22.8M | $58.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $196.7M | ||
| Q4 25 | $1.5B | $169.8M | ||
| Q3 25 | $1.5B | $155.3M | ||
| Q2 25 | $1.5B | $130.4M | ||
| Q1 25 | $1.4B | $125.8M | ||
| Q4 24 | $1.4B | $87.8M | ||
| Q3 24 | $1.3B | $61.1M | ||
| Q2 24 | $1.3B | $50.3M |
| Q1 26 | — | $454.3M | ||
| Q4 25 | $5.1B | $400.2M | ||
| Q3 25 | $5.0B | $367.0M | ||
| Q2 25 | $4.8B | $350.6M | ||
| Q1 25 | $4.7B | $298.1M | ||
| Q4 24 | $4.7B | $298.4M | ||
| Q3 24 | $4.6B | $252.9M | ||
| Q2 24 | $4.4B | $212.1M |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.5M | $70.6M | ||
| Q3 25 | $77.3M | $63.7M | ||
| Q2 25 | $60.8M | $23.1M | ||
| Q1 25 | $43.2M | $52.5M | ||
| Q4 24 | $41.5M | $57.4M | ||
| Q3 24 | $53.5M | $35.1M | ||
| Q2 24 | $49.3M | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $70.6M | ||
| Q3 25 | — | $63.6M | ||
| Q2 25 | — | $22.7M | ||
| Q1 25 | — | $52.5M | ||
| Q4 24 | — | $57.4M | ||
| Q3 24 | — | $35.1M | ||
| Q2 24 | — | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 90.2% | ||
| Q3 25 | — | 110.6% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 108.9% | ||
| Q4 24 | — | 118.5% | ||
| Q3 24 | — | 98.6% | ||
| Q2 24 | — | 73.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.92× | 1.65× | ||
| Q3 25 | 1.71× | 2.39× | ||
| Q2 25 | 2.47× | 0.84× | ||
| Q1 25 | 2.61× | 1.45× | ||
| Q4 24 | 1.81× | 2.26× | ||
| Q3 24 | 1.39× | 2.27× | ||
| Q2 24 | 2.38× | 0.75× |
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% |
SEZL
Segment breakdown not available.
