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Side-by-side financial comparison of H2O AMERICA (HTO) and STRATASYS LTD. (SSYS). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $137.0M, roughly 1.5× STRATASYS LTD.). H2O AMERICA runs the higher net margin — 8.1% vs -40.6%, a 48.8% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -2.2%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -7.4%).
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.
Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.
HTO vs SSYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $137.0M |
| Net Profit | $16.2M | $-55.6M |
| Gross Margin | — | 41.0% |
| Operating Margin | 16.6% | -16.6% |
| Net Margin | 8.1% | -40.6% |
| Revenue YoY | 1.5% | -2.2% |
| Net Profit YoY | -29.2% | -109.0% |
| 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.
| Q4 25 | $199.4M | — | ||
| Q3 25 | $243.5M | $137.0M | ||
| Q2 25 | $197.8M | $138.1M | ||
| Q1 25 | $164.9M | $136.0M | ||
| Q4 24 | $196.5M | — | ||
| Q3 24 | $216.7M | $140.0M | ||
| Q2 24 | $173.1M | $138.0M | ||
| Q1 24 | $150.0M | $144.1M |
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $-55.6M | ||
| Q2 25 | $24.7M | $-16.7M | ||
| Q1 25 | $16.6M | $-13.1M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $38.7M | $-26.6M | ||
| Q2 24 | $20.7M | $-25.7M | ||
| Q1 24 | $11.7M | $-26.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 41.0% | ||
| Q2 25 | — | 43.1% | ||
| Q1 25 | — | 44.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 44.8% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 44.4% |
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | -16.6% | ||
| Q2 25 | 22.2% | -12.0% | ||
| Q1 25 | 21.8% | -9.1% | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 26.9% | -18.2% | ||
| Q2 24 | 23.4% | -18.9% | ||
| Q1 24 | 18.6% | -17.0% |
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | -40.6% | ||
| Q2 25 | 12.5% | -12.1% | ||
| Q1 25 | 10.0% | -9.6% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 17.8% | -19.0% | ||
| Q2 24 | 12.0% | -18.6% | ||
| Q1 24 | 7.8% | -18.0% |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | — | ||
| 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 | $71.5M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $852.5M |
| Total Assets | $5.1B | $1.1B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | $71.5M | ||
| Q2 25 | $19.8M | $71.1M | ||
| Q1 25 | $23.7M | $70.1M | ||
| Q4 24 | $11.1M | — | ||
| Q3 24 | $4.0M | $64.0M | ||
| Q2 24 | $22.8M | $70.9M | ||
| Q1 24 | $4.5M | $91.1M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $852.5M | ||
| Q2 25 | $1.5B | $902.4M | ||
| Q1 25 | $1.4B | $784.8M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $831.8M | ||
| Q2 24 | $1.3B | $850.5M | ||
| Q1 24 | $1.2B | $866.1M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $1.1B | ||
| Q2 25 | $4.8B | $1.1B | ||
| Q1 25 | $4.7B | $1.0B | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.6B | $1.1B | ||
| Q2 24 | $4.4B | $1.1B | ||
| Q1 24 | $4.4B | $1.1B |
| 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 | $6.9M |
| Free Cash FlowOCF − Capex | — | $2.5M |
| FCF MarginFCF / Revenue | — | 1.8% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | $6.9M | ||
| Q2 25 | $60.8M | $-1.1M | ||
| Q1 25 | $43.2M | $4.5M | ||
| Q4 24 | $41.5M | — | ||
| Q3 24 | $53.5M | $-4.5M | ||
| Q2 24 | $49.3M | $-2.4M | ||
| Q1 24 | $51.2M | $7.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $-8.4M | ||
| Q1 25 | — | $789.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-6.3M | ||
| Q2 24 | — | $-4.9M | ||
| Q1 24 | — | $5.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | -6.1% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -4.5% | ||
| Q2 24 | — | -3.6% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.6% |
| 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% |
SSYS
Segment breakdown not available.
