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Side-by-side financial comparison of H2O AMERICA (HTO) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.
USANA HEALTH SCIENCES INC is the larger business by last-quarter revenue ($226.2M vs $199.4M, roughly 1.1× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 0.1%, a 8.1% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -10.0%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 3.1%).
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.
Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.
HTO vs USNA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $226.2M |
| Net Profit | $16.2M | $180.0K |
| Gross Margin | — | 78.2% |
| Operating Margin | 16.6% | 1.7% |
| Net Margin | 8.1% | 0.1% |
| Revenue YoY | 1.5% | -10.0% |
| Net Profit YoY | -29.2% | -74.0% |
| EPS (diluted) | $0.45 | $-0.10 |
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 | $226.2M | ||
| Q3 25 | $243.5M | $213.7M | ||
| Q2 25 | $197.8M | $235.8M | ||
| Q1 25 | $164.9M | $249.5M | ||
| Q4 24 | $196.5M | $213.6M | ||
| Q3 24 | $216.7M | $200.2M | ||
| Q2 24 | $173.1M | $212.9M | ||
| Q1 24 | $150.0M | — |
| Q4 25 | $16.2M | $180.0K | ||
| Q3 25 | $45.1M | $-6.5M | ||
| Q2 25 | $24.7M | $9.7M | ||
| Q1 25 | $16.6M | $9.4M | ||
| Q4 24 | $22.9M | $4.5M | ||
| Q3 24 | $38.7M | $10.6M | ||
| Q2 24 | $20.7M | $10.4M | ||
| Q1 24 | $11.7M | — |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 77.2% | ||
| Q2 25 | — | 78.7% | ||
| Q1 25 | — | 79.0% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.4% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | — |
| Q4 25 | 16.6% | 1.7% | ||
| Q3 25 | 26.5% | 0.6% | ||
| Q2 25 | 22.2% | 7.1% | ||
| Q1 25 | 21.8% | 6.3% | ||
| Q4 24 | 22.2% | 3.8% | ||
| Q3 24 | 26.9% | 7.8% | ||
| Q2 24 | 23.4% | 8.4% | ||
| Q1 24 | 18.6% | — |
| Q4 25 | 8.1% | 0.1% | ||
| Q3 25 | 18.5% | -3.1% | ||
| Q2 25 | 12.5% | 4.1% | ||
| Q1 25 | 10.0% | 3.8% | ||
| Q4 24 | 11.7% | 2.1% | ||
| Q3 24 | 17.8% | 5.3% | ||
| Q2 24 | 12.0% | 4.9% | ||
| Q1 24 | 7.8% | — |
| Q4 25 | $0.45 | $-0.10 | ||
| Q3 25 | $1.27 | $-0.36 | ||
| Q2 25 | $0.71 | $0.52 | ||
| Q1 25 | $0.49 | $0.49 | ||
| Q4 24 | $0.70 | $0.23 | ||
| Q3 24 | $1.17 | $0.56 | ||
| Q2 24 | $0.64 | $0.54 | ||
| Q1 24 | $0.36 | — |
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 | $158.4M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | — |
| Total Assets | $5.1B | $742.9M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $158.4M | ||
| Q3 25 | $11.3M | $145.3M | ||
| Q2 25 | $19.8M | $151.3M | ||
| Q1 25 | $23.7M | $179.6M | ||
| Q4 24 | $11.1M | $181.8M | ||
| Q3 24 | $4.0M | $364.9M | ||
| Q2 24 | $22.8M | $332.4M | ||
| Q1 24 | $4.5M | — |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $528.1M | ||
| Q2 25 | $1.5B | $531.1M | ||
| Q1 25 | $1.4B | $529.8M | ||
| Q4 24 | $1.4B | $532.1M | ||
| Q3 24 | $1.3B | $533.1M | ||
| Q2 24 | $1.3B | $512.2M | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $5.1B | $742.9M | ||
| Q3 25 | $5.0B | $726.6M | ||
| Q2 25 | $4.8B | $734.5M | ||
| Q1 25 | $4.7B | $746.6M | ||
| Q4 24 | $4.7B | $748.2M | ||
| Q3 24 | $4.6B | $671.3M | ||
| Q2 24 | $4.4B | $631.4M | ||
| Q1 24 | $4.4B | — |
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | $-2.0M | ||
| Q2 25 | $60.8M | $12.2M | ||
| Q1 25 | $43.2M | $15.5M | ||
| Q4 24 | $41.5M | $5.8M | ||
| Q3 24 | $53.5M | $29.5M | ||
| Q2 24 | $49.3M | $8.0M | ||
| Q1 24 | $51.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-5.2M | ||
| Q2 25 | — | $7.2M | ||
| Q1 25 | — | $12.7M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $27.1M | ||
| Q2 24 | — | $5.3M | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | — |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | 1.27× | ||
| Q1 25 | 2.61× | 1.65× | ||
| Q4 24 | 1.81× | 1.29× | ||
| Q3 24 | 1.39× | 2.78× | ||
| Q2 24 | 2.38× | 0.77× | ||
| 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% |
USNA
Segment breakdown not available.
