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Side-by-side financial comparison of H2O AMERICA (HTO) and SFL Corp Ltd. (SFL). Click either name above to swap in a different company.
SFL Corp Ltd. is the larger business by last-quarter revenue ($353.7M vs $199.4M, roughly 1.8× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 1.1%, a 7.0% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -27.0%).
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.
SFL Corp Ltd is a global maritime transportation and vessel owning enterprise with a diversified fleet including container ships, oil tankers, dry bulk carriers and offshore support vessels. It serves international logistics, energy and bulk commodity sectors, offering long-term and spot charter services to clients across major global trade routes.
HTO vs SFL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $353.7M |
| Net Profit | $16.2M | $4.0M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 22.8% |
| Net Margin | 8.1% | 1.1% |
| Revenue YoY | 1.5% | -27.0% |
| Net Profit YoY | -29.2% | -93.9% |
| EPS (diluted) | $0.45 | $0.03 |
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 | $353.7M | ||
| Q3 25 | $243.5M | — | ||
| Q2 25 | $197.8M | — | ||
| Q1 25 | $164.9M | — | ||
| Q4 24 | $196.5M | $484.4M | ||
| Q3 24 | $216.7M | — | ||
| Q2 24 | $173.1M | — | ||
| Q1 24 | $150.0M | — |
| Q4 25 | $16.2M | $4.0M | ||
| Q3 25 | $45.1M | — | ||
| Q2 25 | $24.7M | — | ||
| Q1 25 | $16.6M | — | ||
| Q4 24 | $22.9M | $64.7M | ||
| Q3 24 | $38.7M | — | ||
| Q2 24 | $20.7M | — | ||
| Q1 24 | $11.7M | — |
| Q4 25 | 16.6% | 22.8% | ||
| Q3 25 | 26.5% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 21.8% | — | ||
| Q4 24 | 22.2% | 32.8% | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 23.4% | — | ||
| Q1 24 | 18.6% | — |
| Q4 25 | 8.1% | 1.1% | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 11.7% | 13.4% | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 12.0% | — | ||
| Q1 24 | 7.8% | — |
| Q4 25 | $0.45 | $0.03 | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | $0.49 | ||
| Q3 24 | $1.17 | — | ||
| Q2 24 | $0.64 | — | ||
| Q1 24 | $0.36 | — |
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 | $150.8M |
| Total DebtLower is stronger | $1.9B | $2.6B |
| Stockholders' EquityBook value | $1.5B | $960.9M |
| Total Assets | $5.1B | $3.6B |
| Debt / EquityLower = less leverage | 1.23× | 2.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $150.8M | ||
| Q3 25 | $11.3M | — | ||
| Q2 25 | $19.8M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $11.1M | $134.6M | ||
| Q3 24 | $4.0M | — | ||
| Q2 24 | $22.8M | — | ||
| Q1 24 | $4.5M | — |
| Q4 25 | $1.9B | $2.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $960.9M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $5.1B | $3.6B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.7B | $4.1B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.4B | — |
| Q4 25 | 1.23× | 2.69× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | 2.54× | ||
| 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 | $118.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.92× | 29.75× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $118.4M | ||
| Q3 25 | $77.3M | — | ||
| Q2 25 | $60.8M | — | ||
| Q1 25 | $43.2M | — | ||
| Q4 24 | $41.5M | $182.4M | ||
| Q3 24 | $53.5M | — | ||
| Q2 24 | $49.3M | — | ||
| Q1 24 | $51.2M | — |
| Q4 25 | 3.92× | 29.75× | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | 2.82× | ||
| 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% |
SFL
Segment breakdown not available.
