vs
Side-by-side financial comparison of H2O AMERICA (HTO) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
TIDEWATER INC is the larger business by last-quarter revenue ($336.8M vs $199.4M, roughly 1.7× H2O AMERICA). TIDEWATER INC runs the higher net margin — 65.3% vs 8.1%, a 57.2% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -2.4%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 2.4%).
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.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
HTO vs TDW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $336.8M |
| Net Profit | $16.2M | $219.9M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 19.0% |
| Net Margin | 8.1% | 65.3% |
| Revenue YoY | 1.5% | -2.4% |
| Net Profit YoY | -29.2% | 495.8% |
| EPS (diluted) | $0.45 | $4.37 |
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 | $336.8M | ||
| Q3 25 | $243.5M | $341.1M | ||
| Q2 25 | $197.8M | $341.4M | ||
| Q1 25 | $164.9M | $333.4M | ||
| Q4 24 | $196.5M | $345.1M | ||
| Q3 24 | $216.7M | $340.4M | ||
| Q2 24 | $173.1M | $339.2M | ||
| Q1 24 | $150.0M | $321.2M |
| Q4 25 | $16.2M | $219.9M | ||
| Q3 25 | $45.1M | $-806.0K | ||
| Q2 25 | $24.7M | $72.9M | ||
| Q1 25 | $16.6M | $42.7M | ||
| Q4 24 | $22.9M | $36.9M | ||
| Q3 24 | $38.7M | $46.4M | ||
| Q2 24 | $20.7M | $50.4M | ||
| Q1 24 | $11.7M | $47.0M |
| Q4 25 | 16.6% | 19.0% | ||
| Q3 25 | 26.5% | 18.4% | ||
| Q2 25 | 22.2% | 23.7% | ||
| Q1 25 | 21.8% | 22.5% | ||
| Q4 24 | 22.2% | 23.6% | ||
| Q3 24 | 26.9% | 20.6% | ||
| Q2 24 | 23.4% | 23.0% | ||
| Q1 24 | 18.6% | 25.5% |
| Q4 25 | 8.1% | 65.3% | ||
| Q3 25 | 18.5% | -0.2% | ||
| Q2 25 | 12.5% | 21.4% | ||
| Q1 25 | 10.0% | 12.8% | ||
| Q4 24 | 11.7% | 10.7% | ||
| Q3 24 | 17.8% | 13.6% | ||
| Q2 24 | 12.0% | 14.8% | ||
| Q1 24 | 7.8% | 14.6% |
| Q4 25 | $0.45 | $4.37 | ||
| Q3 25 | $1.27 | $-0.02 | ||
| Q2 25 | $0.71 | $1.46 | ||
| Q1 25 | $0.49 | $0.83 | ||
| Q4 24 | $0.70 | $0.70 | ||
| Q3 24 | $1.17 | $0.87 | ||
| Q2 24 | $0.64 | $0.94 | ||
| Q1 24 | $0.36 | $0.89 |
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 | $578.8M |
| Total DebtLower is stronger | $1.9B | $670.1M |
| Stockholders' EquityBook value | $1.5B | $1.4B |
| Total Assets | $5.1B | $2.4B |
| Debt / EquityLower = less leverage | 1.23× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $578.8M | ||
| Q3 25 | $11.3M | $428.2M | ||
| Q2 25 | $19.8M | $369.4M | ||
| Q1 25 | $23.7M | $341.8M | ||
| Q4 24 | $11.1M | $324.9M | ||
| Q3 24 | $4.0M | $280.8M | ||
| Q2 24 | $22.8M | $315.9M | ||
| Q1 24 | $4.5M | $280.9M |
| Q4 25 | $1.9B | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
| Q4 25 | $5.1B | $2.4B | ||
| Q3 25 | $5.0B | $2.1B | ||
| Q2 25 | $4.8B | $2.1B | ||
| Q1 25 | $4.7B | $2.1B | ||
| Q4 24 | $4.7B | $2.1B | ||
| Q3 24 | $4.6B | $2.0B | ||
| Q2 24 | $4.4B | $2.1B | ||
| Q1 24 | $4.4B | $2.1B |
| Q4 25 | 1.23× | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | 0.58× | ||
| 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 | $153.0M |
| Free Cash FlowOCF − Capex | — | $147.8M |
| FCF MarginFCF / Revenue | — | 43.9% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 3.92× | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $153.0M | ||
| Q3 25 | $77.3M | $54.7M | ||
| Q2 25 | $60.8M | $85.4M | ||
| Q1 25 | $43.2M | $86.0M | ||
| Q4 24 | $41.5M | $100.0M | ||
| Q3 24 | $53.5M | $49.0M | ||
| Q2 24 | $49.3M | $78.6M | ||
| Q1 24 | $51.2M | $54.8M |
| Q4 25 | — | $147.8M | ||
| Q3 25 | — | $49.6M | ||
| Q2 25 | — | $80.2M | ||
| Q1 25 | — | $75.7M | ||
| Q4 24 | — | $95.5M | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $72.3M | ||
| Q1 24 | — | $43.8M |
| Q4 25 | — | 43.9% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.7% | ||
| Q4 24 | — | 27.7% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 13.6% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | 3.92× | 0.70× | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | 1.17× | ||
| Q1 25 | 2.61× | 2.02× | ||
| Q4 24 | 1.81× | 2.71× | ||
| Q3 24 | 1.39× | 1.06× | ||
| Q2 24 | 2.38× | 1.56× | ||
| Q1 24 | 4.38× | 1.16× |
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% |
TDW
Segment breakdown not available.
