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Side-by-side financial comparison of H2O AMERICA (HTO) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $192.4M, roughly 1.0× Xometry, Inc.). H2O AMERICA runs the higher net margin — 8.1% vs -4.5%, a 12.6% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 1.5%). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
HTO vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $192.4M |
| Net Profit | $16.2M | $-8.6M |
| Gross Margin | — | 39.1% |
| Operating Margin | 16.6% | -4.6% |
| Net Margin | 8.1% | -4.5% |
| Revenue YoY | 1.5% | 29.5% |
| Net Profit YoY | -29.2% | 12.7% |
| EPS (diluted) | $0.45 | — |
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 | $192.4M | ||
| Q3 25 | $243.5M | $180.7M | ||
| Q2 25 | $197.8M | $162.5M | ||
| Q1 25 | $164.9M | $151.0M | ||
| Q4 24 | $196.5M | $148.5M | ||
| Q3 24 | $216.7M | $141.7M | ||
| Q2 24 | $173.1M | $132.6M | ||
| Q1 24 | $150.0M | $122.7M |
| Q4 25 | $16.2M | $-8.6M | ||
| Q3 25 | $45.1M | $-11.6M | ||
| Q2 25 | $24.7M | $-26.4M | ||
| Q1 25 | $16.6M | $-15.1M | ||
| Q4 24 | $22.9M | $-9.9M | ||
| Q3 24 | $38.7M | $-10.2M | ||
| Q2 24 | $20.7M | $-13.7M | ||
| Q1 24 | $11.7M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | 16.6% | -4.6% | ||
| Q3 25 | 26.5% | -6.1% | ||
| Q2 25 | 22.2% | -6.3% | ||
| Q1 25 | 21.8% | -10.2% | ||
| Q4 24 | 22.2% | -7.8% | ||
| Q3 24 | 26.9% | -8.1% | ||
| Q2 24 | 23.4% | -11.5% | ||
| Q1 24 | 18.6% | -14.6% |
| Q4 25 | 8.1% | -4.5% | ||
| Q3 25 | 18.5% | -6.4% | ||
| Q2 25 | 12.5% | -16.3% | ||
| Q1 25 | 10.0% | -10.0% | ||
| Q4 24 | 11.7% | -6.7% | ||
| Q3 24 | 17.8% | -7.2% | ||
| Q2 24 | 12.0% | -10.3% | ||
| Q1 24 | 7.8% | -13.5% |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $1.17 | — | ||
| Q2 24 | $0.64 | — | ||
| 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 | $219.1M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.5B | $275.6M |
| Total Assets | $5.1B | $703.7M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $219.1M | ||
| Q3 25 | $11.3M | $224.5M | ||
| Q2 25 | $19.8M | $225.8M | ||
| Q1 25 | $23.7M | $231.4M | ||
| Q4 24 | $11.1M | $239.8M | ||
| Q3 24 | $4.0M | $234.0M | ||
| Q2 24 | $22.8M | $240.9M | ||
| Q1 24 | $4.5M | $253.8M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $275.6M | ||
| Q3 25 | $1.5B | $272.0M | ||
| Q2 25 | $1.5B | $270.4M | ||
| Q1 25 | $1.4B | $309.9M | ||
| Q4 24 | $1.4B | $314.5M | ||
| Q3 24 | $1.3B | $315.2M | ||
| Q2 24 | $1.3B | $315.8M | ||
| Q1 24 | $1.2B | $320.4M |
| Q4 25 | $5.1B | $703.7M | ||
| Q3 25 | $5.0B | $698.9M | ||
| Q2 25 | $4.8B | $687.0M | ||
| Q1 25 | $4.7B | $690.1M | ||
| Q4 24 | $4.7B | $680.1M | ||
| Q3 24 | $4.6B | $678.2M | ||
| Q2 24 | $4.4B | $678.6M | ||
| Q1 24 | $4.4B | $692.5M |
| 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 | $4.4M |
| Free Cash FlowOCF − Capex | — | $-5.9M |
| FCF MarginFCF / Revenue | — | -3.0% |
| Capex IntensityCapex / Revenue | — | 5.3% |
| Cash ConversionOCF / Net Profit | 3.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $4.4M | ||
| Q3 25 | $77.3M | $5.8M | ||
| Q2 25 | $60.8M | $-427.0K | ||
| Q1 25 | $43.2M | $-3.7M | ||
| Q4 24 | $41.5M | $9.1M | ||
| Q3 24 | $53.5M | $-3.6M | ||
| Q2 24 | $49.3M | $-9.1M | ||
| Q1 24 | $51.2M | $-11.7M |
| Q4 25 | — | $-5.9M | ||
| Q3 25 | — | $-1.7M | ||
| Q2 25 | — | $-7.4M | ||
| Q1 25 | — | $-9.2M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $-8.4M | ||
| Q2 24 | — | $-13.5M | ||
| Q1 24 | — | $-16.1M |
| Q4 25 | — | -3.0% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | — | -10.2% | ||
| Q1 24 | — | -13.1% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | — | ||
| 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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
