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Side-by-side financial comparison of H2O AMERICA (HTO) and BRAND HOUSE COLLECTIVE, INC. (TBHC). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $103.5M, roughly 1.9× BRAND HOUSE COLLECTIVE, INC.). H2O AMERICA runs the higher net margin — 8.1% vs -3.6%, a 11.7% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -9.6%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -21.0%).
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.
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
HTO vs TBHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $103.5M |
| Net Profit | $16.2M | $-3.7M |
| Gross Margin | — | 20.4% |
| Operating Margin | 16.6% | -1.9% |
| Net Margin | 8.1% | -3.6% |
| Revenue YoY | 1.5% | -9.6% |
| Net Profit YoY | -29.2% | 51.8% |
| EPS (diluted) | $0.45 | $-0.16 |
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 | $103.5M | ||
| Q3 25 | $243.5M | $75.8M | ||
| Q2 25 | $197.8M | $81.5M | ||
| Q1 25 | $164.9M | $148.9M | ||
| Q4 24 | $196.5M | $114.4M | ||
| Q3 24 | $216.7M | $86.3M | ||
| Q2 24 | $173.1M | $91.8M | ||
| Q1 24 | $150.0M | $165.9M |
| Q4 25 | $16.2M | $-3.7M | ||
| Q3 25 | $45.1M | $-20.2M | ||
| Q2 25 | $24.7M | $-11.8M | ||
| Q1 25 | $16.6M | $7.9M | ||
| Q4 24 | $22.9M | $-7.7M | ||
| Q3 24 | $38.7M | $-14.5M | ||
| Q2 24 | $20.7M | $-8.8M | ||
| Q1 24 | $11.7M | $10.1M |
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | 16.3% | ||
| Q2 25 | — | 24.9% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 20.5% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 32.0% |
| Q4 25 | 16.6% | -1.9% | ||
| Q3 25 | 26.5% | -24.7% | ||
| Q2 25 | 22.2% | -12.9% | ||
| Q1 25 | 21.8% | 6.2% | ||
| Q4 24 | 22.2% | -2.1% | ||
| Q3 24 | 26.9% | -15.4% | ||
| Q2 24 | 23.4% | -8.2% | ||
| Q1 24 | 18.6% | 6.4% |
| Q4 25 | 8.1% | -3.6% | ||
| Q3 25 | 18.5% | -26.6% | ||
| Q2 25 | 12.5% | -14.5% | ||
| Q1 25 | 10.0% | 5.3% | ||
| Q4 24 | 11.7% | -6.7% | ||
| Q3 24 | 17.8% | -16.8% | ||
| Q2 24 | 12.0% | -9.6% | ||
| Q1 24 | 7.8% | 6.1% |
| Q4 25 | $0.45 | $-0.16 | ||
| Q3 25 | $1.27 | $-0.90 | ||
| Q2 25 | $0.71 | $-0.54 | ||
| Q1 25 | $0.49 | $0.61 | ||
| Q4 24 | $0.70 | $-0.59 | ||
| Q3 24 | $1.17 | $-1.11 | ||
| Q2 24 | $0.64 | $-0.68 | ||
| Q1 24 | $0.36 | $0.80 |
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 | $6.5M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $-44.0M |
| Total Assets | $5.1B | $229.2M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $6.5M | ||
| Q3 25 | $11.3M | $3.6M | ||
| Q2 25 | $19.8M | $3.5M | ||
| Q1 25 | $23.7M | $3.8M | ||
| Q4 24 | $11.1M | $6.8M | ||
| Q3 24 | $4.0M | $4.5M | ||
| Q2 24 | $22.8M | $3.8M | ||
| Q1 24 | $4.5M | $3.8M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.0M | ||
| Q4 24 | $1.7B | $85.8M | ||
| Q3 24 | — | $61.4M | ||
| Q2 24 | — | $47.5M | ||
| Q1 24 | — | $34.0M |
| Q4 25 | $1.5B | $-44.0M | ||
| Q3 25 | $1.5B | $-35.2M | ||
| Q2 25 | $1.5B | $-16.2M | ||
| Q1 25 | $1.4B | $-19.0M | ||
| Q4 24 | $1.4B | $-27.1M | ||
| Q3 24 | $1.3B | $-19.7M | ||
| Q2 24 | $1.3B | $-5.5M | ||
| Q1 24 | $1.2B | $3.1M |
| Q4 25 | $5.1B | $229.2M | ||
| Q3 25 | $5.0B | $221.9M | ||
| Q2 25 | $4.8B | $225.4M | ||
| Q1 25 | $4.7B | $242.2M | ||
| Q4 24 | $4.7B | $279.8M | ||
| Q3 24 | $4.6B | $266.2M | ||
| Q2 24 | $4.4B | $242.6M | ||
| Q1 24 | $4.4B | $250.6M |
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.88× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | — | $-26.8M |
| FCF MarginFCF / Revenue | — | -25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $-25.9M | ||
| Q3 25 | $77.3M | $-7.0M | ||
| Q2 25 | $60.8M | $-3.1M | ||
| Q1 25 | $43.2M | $19.8M | ||
| Q4 24 | $41.5M | $-12.6M | ||
| Q3 24 | $53.5M | $-12.7M | ||
| Q2 24 | $49.3M | $-13.7M | ||
| Q1 24 | $51.2M | $28.2M |
| Q4 25 | — | $-26.8M | ||
| Q3 25 | — | $-7.4M | ||
| Q2 25 | — | $-3.6M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | — | $-13.1M | ||
| Q3 24 | — | $-13.2M | ||
| Q2 24 | — | $-14.4M | ||
| Q1 24 | — | $26.7M |
| Q4 25 | — | -25.9% | ||
| Q3 25 | — | -9.8% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | -11.5% | ||
| Q3 24 | — | -15.2% | ||
| Q2 24 | — | -15.7% | ||
| Q1 24 | — | 16.1% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | 2.51× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 2.38× | — | ||
| Q1 24 | 4.38× | 2.79× |
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% |
TBHC
Segment breakdown not available.
