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Side-by-side financial comparison of H2O AMERICA (HTO) and UNIFI INC (UFI). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $121.4M, roughly 1.6× UNIFI INC). H2O AMERICA runs the higher net margin — 8.1% vs -8.0%, a 16.1% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -12.6%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -9.7%).
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.
Unifi Aviation, LLC is the largest aviation ground handling services in North America. Unifi was formed late 2018, after Delta Air Lines sold a stake of its subsidiary, DAL Global Services, to Argenbright Holdings. Unifi is jointly owned by Argenbright, who owns 51% of the company and Delta, who owns 49%.
HTO vs UFI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $121.4M |
| Net Profit | $16.2M | $-9.7M |
| Gross Margin | — | 3.0% |
| Operating Margin | 16.6% | -6.0% |
| Net Margin | 8.1% | -8.0% |
| Revenue YoY | 1.5% | -12.6% |
| Net Profit YoY | -29.2% | 14.8% |
| EPS (diluted) | $0.45 | $-0.53 |
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 | $121.4M | ||
| Q3 25 | $243.5M | $135.7M | ||
| Q2 25 | $197.8M | $138.5M | ||
| Q1 25 | $164.9M | $146.6M | ||
| Q4 24 | $196.5M | $138.9M | ||
| Q3 24 | $216.7M | $147.4M | ||
| Q2 24 | $173.1M | $157.5M | ||
| Q1 24 | $150.0M | $149.0M |
| Q4 25 | $16.2M | $-9.7M | ||
| Q3 25 | $45.1M | $-11.4M | ||
| Q2 25 | $24.7M | $15.5M | ||
| Q1 25 | $16.6M | $-16.8M | ||
| Q4 24 | $22.9M | $-11.4M | ||
| Q3 24 | $38.7M | $-7.6M | ||
| Q2 24 | $20.7M | $-4.0M | ||
| Q1 24 | $11.7M | $-10.3M |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | -0.3% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 6.9% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | 16.6% | -6.0% | ||
| Q3 25 | 26.5% | -7.1% | ||
| Q2 25 | 22.2% | 10.9% | ||
| Q1 25 | 21.8% | -9.5% | ||
| Q4 24 | 22.2% | -5.4% | ||
| Q3 24 | 26.9% | -2.2% | ||
| Q2 24 | 23.4% | -0.5% | ||
| Q1 24 | 18.6% | -4.6% |
| Q4 25 | 8.1% | -8.0% | ||
| Q3 25 | 18.5% | -8.4% | ||
| Q2 25 | 12.5% | 11.2% | ||
| Q1 25 | 10.0% | -11.5% | ||
| Q4 24 | 11.7% | -8.2% | ||
| Q3 24 | 17.8% | -5.2% | ||
| Q2 24 | 12.0% | -2.5% | ||
| Q1 24 | 7.8% | -6.9% |
| Q4 25 | $0.45 | $-0.53 | ||
| Q3 25 | $1.27 | $-0.62 | ||
| Q2 25 | $0.71 | $0.85 | ||
| Q1 25 | $0.49 | $-0.92 | ||
| Q4 24 | $0.70 | $-0.62 | ||
| Q3 24 | $1.17 | $-0.42 | ||
| Q2 24 | $0.64 | $-0.21 | ||
| Q1 24 | $0.36 | $-0.57 |
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 | $30.2M |
| Total DebtLower is stronger | $1.9B | $92.6M |
| Stockholders' EquityBook value | $1.5B | $230.0M |
| Total Assets | $5.1B | $382.9M |
| Debt / EquityLower = less leverage | 1.23× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $30.2M | ||
| Q3 25 | $11.3M | $20.6M | ||
| Q2 25 | $19.8M | $22.7M | ||
| Q1 25 | $23.7M | $16.3M | ||
| Q4 24 | $11.1M | $18.7M | ||
| Q3 24 | $4.0M | $13.7M | ||
| Q2 24 | $22.8M | $26.8M | ||
| Q1 24 | $4.5M | $27.7M |
| Q4 25 | $1.9B | $92.6M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $95.7M | ||
| Q1 25 | — | $127.9M | ||
| Q4 24 | $1.7B | $123.0M | ||
| Q3 24 | — | $119.3M | ||
| Q2 24 | — | $117.8M | ||
| Q1 24 | — | $116.1M |
| Q4 25 | $1.5B | $230.0M | ||
| Q3 25 | $1.5B | $241.1M | ||
| Q2 25 | $1.5B | $249.5M | ||
| Q1 25 | $1.4B | $228.4M | ||
| Q4 24 | $1.4B | $237.2M | ||
| Q3 24 | $1.3B | $259.7M | ||
| Q2 24 | $1.3B | $263.4M | ||
| Q1 24 | $1.2B | $277.8M |
| Q4 25 | $5.1B | $382.9M | ||
| Q3 25 | $5.0B | $424.6M | ||
| Q2 25 | $4.8B | $426.9M | ||
| Q1 25 | $4.7B | $446.5M | ||
| Q4 24 | $4.7B | $439.7M | ||
| Q3 24 | $4.6B | $467.0M | ||
| Q2 24 | $4.4B | $469.2M | ||
| Q1 24 | $4.4B | $482.6M |
| Q4 25 | 1.23× | 0.40× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | 1.26× | 0.52× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | 0.42× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | — | $24.2M |
| FCF MarginFCF / Revenue | — | 20.0% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $25.3M | ||
| Q3 25 | $77.3M | $-8.9M | ||
| Q2 25 | $60.8M | $-1.3M | ||
| Q1 25 | $43.2M | $-5.0M | ||
| Q4 24 | $41.5M | $-2.2M | ||
| Q3 24 | $53.5M | $-12.8M | ||
| Q2 24 | $49.3M | $932.0K | ||
| Q1 24 | $51.2M | $-1.4M |
| Q4 25 | — | $24.2M | ||
| Q3 25 | — | $-10.9M | ||
| Q2 25 | — | $-3.9M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | — | $-14.9M | ||
| Q2 24 | — | $-1.7M | ||
| Q1 24 | — | $-3.9M |
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | -8.1% | ||
| Q2 25 | — | -2.8% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | — | -3.7% | ||
| Q3 24 | — | -10.1% | ||
| Q2 24 | — | -1.1% | ||
| Q1 24 | — | -2.6% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | -0.09× | ||
| 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% |
UFI
| Other | $67.8M | 56% |
| REPREVE Fiber | $34.3M | 28% |
| Export Sales From US Operations | $10.5M | 9% |
| All Other Foreign Countries | $8.8M | 7% |
