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This stock no longer trades (delisted April 13, 2026)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

HFactor logo

HFactor

HWTR
26
Real Estate - Services · Real Estate
Price
$0.23
+0.00 (+0.00%)
Market Cap
$11.6M
Winston Score
26
Historical score — this stock no longer trades, so the score is frozen at the last available data.
Data as of Aug 23, 2026 · filings through Sep 30, 2023
How the score breaks down
Quality
Mixed
Growth
Weak
Cash Flow
Weak
Stability
Data not available
Valuation
Mixed

Share count rising — dilution

+9.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 44.1M (2018) → 48.1M (2022)

Winston Score History

The full picture

HFactor, Inc. is a small consumer beverage company that sells hydrogen-infused water products. Its main product is bottled water that has extra hydrogen gas added to it, marketed to health-conscious consumers and athletes. The company sells through retail stores, gyms, and online channels across the United States.

HFactor makes money by selling its bottled water products directly to retailers and consumers. It is a very small company with a market cap near zero, meaning it generates little revenue relative to its costs — its operating margin of negative 100% shows it is spending far more than it earns. The biggest risk the company faces is simply surviving long enough to grow sales, as it competes against large, well-funded beverage brands with much greater distribution and brand recognition.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-37.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+81.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

49.8%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$124,708 cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

HFactor's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
59.4%
Premium pricing power — 59.4% gross margin
Profit after running costs
Operating Margin
-80.7%
Losing money on operations — -80.7%
Return on the money invested
ROCE
N/A
Data not available

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Growth

Sales growth
Sales YoY
-19.0%
Shrinking sales (-19.0% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
-44%
Weak — only -44% of profit becomes cash
Spare cash per sale
FCF Margin
-29.4%
Burning cash (-29.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
15.8x
Fair value — P/E 15.8

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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