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Side-by-side financial comparison of H2O AMERICA (HTO) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
EXPRO GROUP HOLDINGS N.V. is the larger business by last-quarter revenue ($382.1M vs $199.4M, roughly 1.9× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 1.5%, a 6.6% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -12.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs -0.2%).
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.
Expro is an energy services provider headquartered in Houston, Texas, United States.
HTO vs XPRO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $199.4M | $382.1M |
| Net Profit | $16.2M | $5.8M |
| Gross Margin | — | — |
| Operating Margin | 16.6% | 3.1% |
| Net Margin | 8.1% | 1.5% |
| Revenue YoY | 1.5% | -12.5% |
| Net Profit YoY | -29.2% | -74.9% |
| EPS (diluted) | $0.45 | $0.05 |
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 | $382.1M | ||
| Q3 25 | $243.5M | $411.4M | ||
| Q2 25 | $197.8M | $422.7M | ||
| Q1 25 | $164.9M | $390.9M | ||
| Q4 24 | $196.5M | $436.8M | ||
| Q3 24 | $216.7M | $422.8M | ||
| Q2 24 | $173.1M | $469.6M | ||
| Q1 24 | $150.0M | $383.5M |
| Q4 25 | $16.2M | $5.8M | ||
| Q3 25 | $45.1M | $14.0M | ||
| Q2 25 | $24.7M | $18.0M | ||
| Q1 25 | $16.6M | $13.9M | ||
| Q4 24 | $22.9M | $23.0M | ||
| Q3 24 | $38.7M | $16.3M | ||
| Q2 24 | $20.7M | $15.3M | ||
| Q1 24 | $11.7M | $-2.7M |
| Q4 25 | 16.6% | 3.1% | ||
| Q3 25 | 26.5% | 6.4% | ||
| Q2 25 | 22.2% | 7.7% | ||
| Q1 25 | 21.8% | 2.6% | ||
| Q4 24 | 22.2% | 7.3% | ||
| Q3 24 | 26.9% | 6.2% | ||
| Q2 24 | 23.4% | 5.9% | ||
| Q1 24 | 18.6% | 2.2% |
| Q4 25 | 8.1% | 1.5% | ||
| Q3 25 | 18.5% | 3.4% | ||
| Q2 25 | 12.5% | 4.3% | ||
| Q1 25 | 10.0% | 3.6% | ||
| Q4 24 | 11.7% | 5.3% | ||
| Q3 24 | 17.8% | 3.8% | ||
| Q2 24 | 12.0% | 3.3% | ||
| Q1 24 | 7.8% | -0.7% |
| Q4 25 | $0.45 | $0.05 | ||
| Q3 25 | $1.27 | $0.12 | ||
| Q2 25 | $0.71 | $0.16 | ||
| Q1 25 | $0.49 | $0.12 | ||
| Q4 24 | $0.70 | $0.20 | ||
| Q3 24 | $1.17 | $0.14 | ||
| Q2 24 | $0.64 | $0.13 | ||
| Q1 24 | $0.36 | $-0.02 |
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 | $196.1M |
| Total DebtLower is stronger | $1.9B | $79.1M |
| Stockholders' EquityBook value | $1.5B | $1.5B |
| Total Assets | $5.1B | $2.3B |
| Debt / EquityLower = less leverage | 1.23× | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.7M | $196.1M | ||
| Q3 25 | $11.3M | $197.9M | ||
| Q2 25 | $19.8M | $206.8M | ||
| Q1 25 | $23.7M | $179.3M | ||
| Q4 24 | $11.1M | $183.0M | ||
| Q3 24 | $4.0M | $165.7M | ||
| Q2 24 | $22.8M | $133.5M | ||
| Q1 24 | $4.5M | $163.2M |
| Q4 25 | $1.9B | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | $1.7B | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M | ||
| Q1 24 | — | $40.0M |
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $5.1B | $2.3B | ||
| Q3 25 | $5.0B | $2.3B | ||
| Q2 25 | $4.8B | $2.3B | ||
| Q1 25 | $4.7B | $2.3B | ||
| Q4 24 | $4.7B | $2.3B | ||
| Q3 24 | $4.6B | $2.3B | ||
| Q2 24 | $4.4B | $2.3B | ||
| Q1 24 | $4.4B | $2.0B |
| Q4 25 | 1.23× | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 1.26× | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.03× |
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 | $57.1M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 6.1% |
| Capex IntensityCapex / Revenue | — | 8.9% |
| Cash ConversionOCF / Net Profit | 3.92× | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | — | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.5M | $57.1M | ||
| Q3 25 | $77.3M | $63.2M | ||
| Q2 25 | $60.8M | $48.4M | ||
| Q1 25 | $43.2M | $41.5M | ||
| Q4 24 | $41.5M | $97.4M | ||
| Q3 24 | $53.5M | $55.3M | ||
| Q2 24 | $49.3M | $-13.2M | ||
| Q1 24 | $51.2M | $29.9M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $39.0M | ||
| Q2 25 | — | $27.2M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $23.3M | ||
| Q2 24 | — | $-49.5M | ||
| Q1 24 | — | $-801.0K |
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | -10.5% | ||
| Q1 24 | — | -0.2% |
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 5.0% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | 8.0% |
| Q4 25 | 3.92× | 9.89× | ||
| Q3 25 | 1.71× | 4.52× | ||
| Q2 25 | 2.47× | 2.69× | ||
| Q1 25 | 2.61× | 2.98× | ||
| Q4 24 | 1.81× | 4.23× | ||
| Q3 24 | 1.39× | 3.40× | ||
| Q2 24 | 2.38× | -0.86× | ||
| 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% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
