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Side-by-side financial comparison of H2O AMERICA (HTO) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $199.4M, roughly 1.2× H2O AMERICA). Tecnoglass Inc. runs the higher net margin — 10.6% vs 8.1%, a 2.5% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 12.8%).
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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
HTO vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $245.3M |
| Net Profit | $16.2M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 16.6% | 18.3% |
| Net Margin | 8.1% | 10.6% |
| Revenue YoY | 1.5% | 2.4% |
| Net Profit YoY | -29.2% | -44.5% |
| EPS (diluted) | $0.45 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $243.5M | $260.5M | ||
| Q2 25 | $197.8M | $255.5M | ||
| Q1 25 | $164.9M | $222.3M | ||
| Q4 24 | $196.5M | $239.6M | ||
| Q3 24 | $216.7M | $238.3M | ||
| Q2 24 | $173.1M | $219.7M | ||
| Q1 24 | $150.0M | $192.6M |
| Q4 25 | $16.2M | $26.1M | ||
| Q3 25 | $45.1M | $47.2M | ||
| Q2 25 | $24.7M | $44.1M | ||
| Q1 25 | $16.6M | $42.2M | ||
| Q4 24 | $22.9M | $47.0M | ||
| Q3 24 | $38.7M | $49.5M | ||
| Q2 24 | $20.7M | $35.0M | ||
| Q1 24 | $11.7M | $29.7M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
| Q4 25 | 16.6% | 18.3% | ||
| Q3 25 | 26.5% | 25.1% | ||
| Q2 25 | 22.2% | 24.0% | ||
| Q1 25 | 21.8% | 26.7% | ||
| Q4 24 | 22.2% | 28.0% | ||
| Q3 24 | 26.9% | 28.4% | ||
| Q2 24 | 23.4% | 23.3% | ||
| Q1 24 | 18.6% | 21.3% |
| Q4 25 | 8.1% | 10.6% | ||
| Q3 25 | 18.5% | 18.1% | ||
| Q2 25 | 12.5% | 17.3% | ||
| Q1 25 | 10.0% | 19.0% | ||
| Q4 24 | 11.7% | 19.6% | ||
| Q3 24 | 17.8% | 20.8% | ||
| Q2 24 | 12.0% | 15.9% | ||
| Q1 24 | 7.8% | 15.4% |
| Q4 25 | $0.45 | $0.57 | ||
| Q3 25 | $1.27 | $1.01 | ||
| Q2 25 | $0.71 | $0.94 | ||
| Q1 25 | $0.49 | $0.90 | ||
| Q4 24 | $0.70 | $1.00 | ||
| Q3 24 | $1.17 | $1.05 | ||
| Q2 24 | $0.64 | $0.75 | ||
| Q1 24 | $0.36 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | $1.9B | $174.4M |
| Stockholders' EquityBook value | $1.5B | $713.1M |
| Total Assets | $5.1B | $1.3B |
| Debt / EquityLower = less leverage | 1.23× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $104.1M | ||
| Q3 25 | $11.3M | $127.1M | ||
| Q2 25 | $19.8M | $140.9M | ||
| Q1 25 | $23.7M | $160.2M | ||
| Q4 24 | $11.1M | $137.5M | ||
| Q3 24 | $4.0M | $124.8M | ||
| Q2 24 | $22.8M | $129.5M | ||
| Q1 24 | $4.5M | $138.8M |
| Q4 25 | $1.9B | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | $1.7B | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $1.5B | $713.1M | ||
| Q3 25 | $1.5B | $764.0M | ||
| Q2 25 | $1.5B | $736.0M | ||
| Q1 25 | $1.4B | $685.1M | ||
| Q4 24 | $1.4B | $631.2M | ||
| Q3 24 | $1.3B | $613.3M | ||
| Q2 24 | $1.3B | $574.8M | ||
| Q1 24 | $1.2B | $573.6M |
| Q4 25 | $5.1B | $1.3B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $4.8B | $1.2B | ||
| Q1 25 | $4.7B | $1.1B | ||
| Q4 24 | $4.7B | $1.0B | ||
| Q3 24 | $4.6B | $996.3M | ||
| Q2 24 | $4.4B | $942.5M | ||
| Q1 24 | $4.4B | $981.6M |
| Q4 25 | 1.23× | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 1.26× | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | — | $11.4M |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | — | 8.0% |
| Cash ConversionOCF / Net Profit | 3.92× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $31.0M | ||
| Q3 25 | $77.3M | $40.0M | ||
| Q2 25 | $60.8M | $17.9M | ||
| Q1 25 | $43.2M | $46.9M | ||
| Q4 24 | $41.5M | $61.1M | ||
| Q3 24 | $53.5M | $41.5M | ||
| Q2 24 | $49.3M | $34.5M | ||
| Q1 24 | $51.2M | $33.4M |
| Q4 25 | — | $11.4M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | — | $-14.7M | ||
| Q1 25 | — | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | — | $17.8M | ||
| Q2 24 | — | $14.2M | ||
| Q1 24 | — | $23.6M |
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 12.2% |
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | 3.92× | 1.19× | ||
| Q3 25 | 1.71× | 0.85× | ||
| Q2 25 | 2.47× | 0.41× | ||
| Q1 25 | 2.61× | 1.11× | ||
| Q4 24 | 1.81× | 1.30× | ||
| Q3 24 | 1.39× | 0.84× | ||
| Q2 24 | 2.38× | 0.98× | ||
| Q1 24 | 4.38× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
