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Side-by-side financial comparison of H2O AMERICA (HTO) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $199.4M, roughly 1.1× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 7.6%, a 0.5% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 1.5%). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
HTO vs VITL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $213.6M |
| Net Profit | $16.2M | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | 16.6% | 10.0% |
| Net Margin | 8.1% | 7.6% |
| Revenue YoY | 1.5% | 28.7% |
| Net Profit YoY | -29.2% | 54.3% |
| EPS (diluted) | $0.45 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $243.5M | $198.9M | ||
| Q2 25 | $197.8M | $184.8M | ||
| Q1 25 | $164.9M | $162.2M | ||
| Q4 24 | $196.5M | $166.0M | ||
| Q3 24 | $216.7M | $145.0M | ||
| Q2 24 | $173.1M | $147.4M | ||
| Q1 24 | $150.0M | $147.9M |
| Q4 25 | $16.2M | $16.3M | ||
| Q3 25 | $45.1M | $16.4M | ||
| Q2 25 | $24.7M | $16.6M | ||
| Q1 25 | $16.6M | $16.9M | ||
| Q4 24 | $22.9M | $10.6M | ||
| Q3 24 | $38.7M | $7.4M | ||
| Q2 24 | $20.7M | $16.3M | ||
| Q1 24 | $11.7M | $19.0M |
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 38.9% | ||
| Q1 25 | — | 38.5% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 36.9% | ||
| Q2 24 | — | 39.1% | ||
| Q1 24 | — | 39.8% |
| Q4 25 | 16.6% | 10.0% | ||
| Q3 25 | 26.5% | 10.8% | ||
| Q2 25 | 22.2% | 12.9% | ||
| Q1 25 | 21.8% | 13.4% | ||
| Q4 24 | 22.2% | 7.8% | ||
| Q3 24 | 26.9% | 6.4% | ||
| Q2 24 | 23.4% | 11.6% | ||
| Q1 24 | 18.6% | 16.3% |
| Q4 25 | 8.1% | 7.6% | ||
| Q3 25 | 18.5% | 8.3% | ||
| Q2 25 | 12.5% | 9.0% | ||
| Q1 25 | 10.0% | 10.4% | ||
| Q4 24 | 11.7% | 6.4% | ||
| Q3 24 | 17.8% | 5.1% | ||
| Q2 24 | 12.0% | 11.1% | ||
| Q1 24 | 7.8% | 12.9% |
| Q4 25 | $0.45 | $0.35 | ||
| Q3 25 | $1.27 | $0.36 | ||
| Q2 25 | $0.71 | $0.36 | ||
| Q1 25 | $0.49 | $0.37 | ||
| Q4 24 | $0.70 | $0.23 | ||
| Q3 24 | $1.17 | $0.16 | ||
| Q2 24 | $0.64 | $0.36 | ||
| Q1 24 | $0.36 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $351.3M |
| Total Assets | $5.1B | $518.7M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $48.8M | ||
| Q3 25 | $11.3M | $93.8M | ||
| Q2 25 | $19.8M | $108.2M | ||
| Q1 25 | $23.7M | $156.3M | ||
| Q4 24 | $11.1M | $150.6M | ||
| Q3 24 | $4.0M | $149.5M | ||
| Q2 24 | $22.8M | $133.2M | ||
| Q1 24 | $4.5M | $113.8M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $351.3M | ||
| Q3 25 | $1.5B | $331.2M | ||
| Q2 25 | $1.5B | $309.8M | ||
| Q1 25 | $1.4B | $288.9M | ||
| Q4 24 | $1.4B | $269.3M | ||
| Q3 24 | $1.3B | $253.4M | ||
| Q2 24 | $1.3B | $238.4M | ||
| Q1 24 | $1.2B | $213.3M |
| Q4 25 | $5.1B | $518.7M | ||
| Q3 25 | $5.0B | $481.5M | ||
| Q2 25 | $4.8B | $430.8M | ||
| Q1 25 | $4.7B | $376.9M | ||
| Q4 24 | $4.7B | $359.3M | ||
| Q3 24 | $4.6B | $344.7M | ||
| Q2 24 | $4.4B | $320.5M | ||
| Q1 24 | $4.4B | $300.2M |
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | — | $-32.1M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 17.8% |
| Cash ConversionOCF / Net Profit | 3.92× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $5.8M | ||
| Q3 25 | $77.3M | $23.4M | ||
| Q2 25 | $60.8M | $-761.0K | ||
| Q1 25 | $43.2M | $5.3M | ||
| Q4 24 | $41.5M | $14.8M | ||
| Q3 24 | $53.5M | $10.0M | ||
| Q2 24 | $49.3M | $16.1M | ||
| Q1 24 | $51.2M | $23.9M |
| Q4 25 | — | $-32.1M | ||
| Q3 25 | — | $-10.6M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $6.4M | ||
| Q2 24 | — | $10.5M | ||
| Q1 24 | — | $22.6M |
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -5.3% | ||
| Q2 25 | — | -4.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 7.2% | ||
| Q1 24 | — | 15.3% |
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 17.1% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 3.92× | 0.35× | ||
| Q3 25 | 1.71× | 1.43× | ||
| Q2 25 | 2.47× | -0.05× | ||
| Q1 25 | 2.61× | 0.31× | ||
| Q4 24 | 1.81× | 1.40× | ||
| Q3 24 | 1.39× | 1.34× | ||
| Q2 24 | 2.38× | 0.99× | ||
| Q1 24 | 4.38× | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
