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Side-by-side financial comparison of H2O AMERICA (HTO) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $103.6M, roughly 1.9× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 8.1%, a 2.1% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 1.5%). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
HTO vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $103.6M |
| Net Profit | $16.2M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | 16.6% | 18.1% |
| Net Margin | 8.1% | 10.3% |
| Revenue YoY | 1.5% | 21.0% |
| Net Profit YoY | -29.2% | 9.4% |
| EPS (diluted) | $0.45 | $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 | $103.6M | ||
| Q3 25 | $243.5M | $85.8M | ||
| Q2 25 | $197.8M | $78.9M | ||
| Q1 25 | $164.9M | $61.3M | ||
| Q4 24 | $196.5M | $85.6M | ||
| Q3 24 | $216.7M | $73.1M | ||
| Q2 24 | $173.1M | $73.2M | ||
| Q1 24 | $150.0M | $61.1M |
| Q4 25 | $16.2M | $10.6M | ||
| Q3 25 | $45.1M | $8.2M | ||
| Q2 25 | $24.7M | $3.2M | ||
| Q1 25 | $16.6M | $-3.0M | ||
| Q4 24 | $22.9M | $9.7M | ||
| Q3 24 | $38.7M | $5.2M | ||
| Q2 24 | $20.7M | $4.3M | ||
| Q1 24 | $11.7M | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | 16.6% | 18.1% | ||
| Q3 25 | 26.5% | 12.8% | ||
| Q2 25 | 22.2% | 5.2% | ||
| Q1 25 | 21.8% | -7.4% | ||
| Q4 24 | 22.2% | 14.6% | ||
| Q3 24 | 26.9% | 9.3% | ||
| Q2 24 | 23.4% | 8.0% | ||
| Q1 24 | 18.6% | -4.9% |
| Q4 25 | 8.1% | 10.3% | ||
| Q3 25 | 18.5% | 9.6% | ||
| Q2 25 | 12.5% | 4.1% | ||
| Q1 25 | 10.0% | -4.9% | ||
| Q4 24 | 11.7% | 11.4% | ||
| Q3 24 | 17.8% | 7.1% | ||
| Q2 24 | 12.0% | 5.9% | ||
| Q1 24 | 7.8% | -3.6% |
| Q4 25 | $0.45 | $0.45 | ||
| Q3 25 | $1.27 | $0.36 | ||
| Q2 25 | $0.71 | $0.14 | ||
| Q1 25 | $0.49 | $-0.13 | ||
| Q4 24 | $0.70 | $0.40 | ||
| Q3 24 | $1.17 | $0.21 | ||
| Q2 24 | $0.64 | $0.18 | ||
| Q1 24 | $0.36 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $1.9B | $0 |
| Stockholders' EquityBook value | $1.5B | $218.9M |
| Total Assets | $5.1B | $273.9M |
| Debt / EquityLower = less leverage | 1.23× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $83.4M | ||
| Q3 25 | $11.3M | $66.0M | ||
| Q2 25 | $19.8M | $81.5M | ||
| Q1 25 | $23.7M | $83.6M | ||
| Q4 24 | $11.1M | $94.4M | ||
| Q3 24 | $4.0M | $82.1M | ||
| Q2 24 | $22.8M | $73.6M | ||
| Q1 24 | $4.5M | $60.7M |
| Q4 25 | $1.9B | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $1.5B | $218.9M | ||
| Q3 25 | $1.5B | $204.9M | ||
| Q2 25 | $1.5B | $194.9M | ||
| Q1 25 | $1.4B | $205.6M | ||
| Q4 24 | $1.4B | $216.6M | ||
| Q3 24 | $1.3B | $207.9M | ||
| Q2 24 | $1.3B | $200.7M | ||
| Q1 24 | $1.2B | $193.5M |
| Q4 25 | $5.1B | $273.9M | ||
| Q3 25 | $5.0B | $259.2M | ||
| Q2 25 | $4.8B | $273.0M | ||
| Q1 25 | $4.7B | $280.2M | ||
| Q4 24 | $4.7B | $297.9M | ||
| Q3 24 | $4.6B | $287.7M | ||
| Q2 24 | $4.4B | $278.8M | ||
| Q1 24 | $4.4B | $272.0M |
| Q4 25 | 1.23× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | — | $16.8M |
| FCF MarginFCF / Revenue | — | 16.2% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 3.92× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $17.3M | ||
| Q3 25 | $77.3M | $10.3M | ||
| Q2 25 | $60.8M | $14.8M | ||
| Q1 25 | $43.2M | $417.0K | ||
| Q4 24 | $41.5M | $16.3M | ||
| Q3 24 | $53.5M | $10.3M | ||
| Q2 24 | $49.3M | $13.1M | ||
| Q1 24 | $51.2M | $924.0K |
| Q4 25 | — | $16.8M | ||
| Q3 25 | — | $9.2M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $38.0K | ||
| Q4 24 | — | $15.9M | ||
| Q3 24 | — | $9.3M | ||
| Q2 24 | — | $12.6M | ||
| Q1 24 | — | $442.0K |
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 18.5% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 17.3% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 3.92× | 1.63× | ||
| Q3 25 | 1.71× | 1.26× | ||
| Q2 25 | 2.47× | 4.59× | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | 1.68× | ||
| Q3 24 | 1.39× | 1.99× | ||
| Q2 24 | 2.38× | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
