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H2O AMERICA

HTO

$62.65 ▼ -0.01 (-0.02%) at close

18 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

H2O AMERICA shows mixed fundamentals. Consider comparing against peers in the Utilities sector before making investment decisions.

Market Cap $2.2B

Dividend Yield 2.68%

Revenue Growth 7.6% ↘

Op. Margin 22.0% ↘

ROIC 4.6% ↘

FCF / Share None

Trailing P/E 21.4x

Price / Book 1.5x

FCF Yield —

Debt / Equity 1.23

info Valuation on last close. End-of-day price, Nov 5, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$805.59M

↑ +7.6% —

Net Income Profit after all expenses

$102.58M

↑ +9.2% —

Operating Margin Operating profit as % of sales

22.0%

↓ -3.3% 78th

Long-Term Debt Long-term obligations

$1.90B

↑ +10.5% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↑

Returns ↑

Financial Health →

Dividend History

Dividend / share · sourced from SEC filings

$1.68 Latest / share

+5.0% YoY

+7.6% 12-yr CAGR

$0.75

FY 2014

$0.78

FY 2015

$0.81

FY 2016

$1.04

FY 2017

$1.12

FY 2018

$1.20

FY 2019

$1.28

FY 2020

$1.36

FY 2021

$1.44

FY 2022

$1.52

FY 2023

$1.60

FY 2024

$1.68

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	7.6% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+155%)	10.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+245%)	9.3% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+209%)	8.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+173%)	1.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-46%)	26.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+770%)	12.6% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+319%)	2.2% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-27%)	—	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	2.1% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	6.7% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	10.2% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	19.6% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-5.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	163.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-55.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-36.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	11.6% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	39.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-27.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	126.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-5.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	7.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-15.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	61.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	9.2% Fair ↓ Fair Declining Year-over-year change in net income	10.6% Fair ↓ Fair Declining Year-over-year change in net income	15.1% Good ↓ Good Declining Year-over-year change in net income	22.1% Good ↓ Good Declining Year-over-year change in net income	-1.7% Weak ↓ Weak Declining Year-over-year change in net income	162.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-39.6% Weak ↓ Weak Declining Year-over-year change in net income	-34.5% Weak ↓ Weak Declining Year-over-year change in net income	12.0% Fair ↓ Fair Declining Year-over-year change in net income	39.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-26.9% Weak ↓ Weak Declining Year-over-year change in net income	131.4% Excellent ↑ Excellent Improving Year-over-year change in net income	0.3% Caution ↓ Caution Declining Year-over-year change in net income	6.9% Fair ↓ Fair Declining Year-over-year change in net income	-14.5% Weak Weak Year-over-year change in net income	60.9% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	9.1% Fair → Fair Stable Compound annual revenue growth over 3 years	9.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	6.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.5% Good ↓ Good Declining Compound annual revenue growth over 3 years	13.0% Good Good Compound annual revenue growth over 3 years	13.2% Good Good Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	7.4% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	10.8% Good → Good Stable Compound annual revenue growth over 5 years	11.3% Good Good Compound annual revenue growth over 5 years	9.8% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	6.3% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	12.1% Good ↓ Good Declining Compound annual EPS growth over 3 years	7.6% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	43.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	3.7% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-9.2% Weak → Weak Stable Compound annual EPS growth over 3 years	-31.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-0.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	4.1% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	31.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	15.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	31.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-5.0% Weak Weak Compound annual EPS growth over 3 years	13.5% Good Good Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	22.0% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	22.8% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	22.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	21.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	19.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	20.8% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.8% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	18.5% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	26.2% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+31%)	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	10.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	8.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	6.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	10.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.4% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.6% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.7% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.1% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.5% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.7% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	41.1% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	41.1% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.7% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.4% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	12.7% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	12.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.9% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	10.9% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	5.2% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	9.7% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	15.2% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+27%)	—	—	—	—	—	—	—	—	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	4.6% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.5% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	3.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	4.6% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	1.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.2% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	8.4% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	4.1% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	9.4% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	3.4% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.4% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.2% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.0% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.0% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	7.3% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.8% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.1% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.2% Caution Caution Operating profit relative to total assets Optimal: > 10%	4.1% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	6.7% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-33%)	6.9% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-31%)	6.9% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-31%)	6.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-34%)	5.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-42%)	6.7% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-33%)	2.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-74%)	4.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-56%)	12.8% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	12.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+25%)	9.9% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	14.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+44%)	7.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	8.1% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-19%)	7.9% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-21%)	9.6% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	6.0% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	1.23x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-5%)	1.26x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.28x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.34x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.47x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+13%)	1.47x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+13%)	1.45x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+12%)	0.49x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-62%)	0.94x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-28%)	1.04x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-20%)	1.00x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-23%)	1.07x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-18%)	1.04x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-20%)	1.24x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.31x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.16x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-11%)	—	—
Interest Coverage (x)	2.45x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.39x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.26x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.26x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.05x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.17x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.81x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.02x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.44x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	4.61x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.82x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.78x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.86x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.96x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	3.06x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.43x Caution Caution Operating income divided by interest expense Optimal: > 5x	2.84x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$1.88B	$1.71B	$1.57B	$1.48B	$1.51B	$1.35B	$1.28B	$14.28M	$427.20M	$431.37M	$379.08M	$382.55M	$333.25M	$338.47M	$317.95M	$293.97M	$-1.42M	$-3.41M
Debt / EBITDA (x)	6.38x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.02x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.15x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.27x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.33x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.46x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.26x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.34x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.86x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.14x Caution → Caution Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.14x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.91x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.73x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.79x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.96x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.36x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$23.02	$22.89	$21.48	$20.48	$19.38	$19.79	$15.74	$18.75	$18.98	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$2.93	$2.87	$2.69	$2.44	$2.04	$2.16	$0.82	$1.83	$2.89	$2.59	$1.86	$2.56	$1.13	$1.20	$1.12	$1.32	$0.82	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$1.68	$1.60	$1.52	$1.44	$1.36	$1.28	$1.20	$1.12	$1.04	$0.81	$0.78	$0.75	$0.73	$0.71	$0.69	$0.68	$0.66	—
Book Value per Share (USD)	$42.66	$40.65	$38.52	$36.06	$34.28	$32.12	$31.28	$31.31	$22.57	$20.61	$18.83	$17.75	$15.92	$14.71	$14.20	$13.75	$13.67	—
Tangible Book Value per Share (USD)	$23.79	$20.36	$18.05	$15.28	$13.06	$10.12	$9.20	$31.25	$22.57	$20.61	$18.83	$17.75	$15.92	$14.71	$14.20	$13.75	$13.67	—
Basic Weighted Avg Shares (shares)	35.00M	32.70M	31.58M	30.30M	29.60M	28.52M	28.44M	21.21M	20.51M	20.44M	20.36M	20.23M	19.77M	18.64M	18.58M	18.53M	18.49M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$-82.78M	$-70.46M	$-144.59M	$-109.94M	$-69.19M	$-223.46M	$-112.52M	$338.74M	$-18.19M	$36.04M	$-6.25M	$23.40M	$-19.54M	$-6.20M	$40.63M	$8.87M	—	—
LT Debt (USD)	$1.90B	$1.72B	$1.58B	$1.49B	$1.52B	$1.35B	$1.29B	$435.00M	$435.00M	$437.72M	$384.32M	$384.95M	$335.55M	$340.99M	$344.69M	$295.70M	—	—
Total Equity (USD)	$1.54B	$1.37B	$1.23B	$1.11B	$1.03B	$917.16M	$889.98M	$889.31M	$463.21M	$421.65M	$383.78M	$360.15M	$321.18M	$274.60M	$264.00M	$255.03M	$252.76M	$254.33M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$805.59M	$748.44M	$678.17M	$620.70M	$573.69M	$564.53M	$447.72M	$397.70M	$389.23M	—	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$120.49M	$115.05M	$108.14M	$106.44M	$96.47M	$91.62M	$68.49M	$56.91M	$50.50M	$46.30M	$42.33M	$39.49M	$36.59M	$34.63M	$32.71M	$29.76M	$27.02M	—
Net Income, GAAP (USD)	$102.58M	$93.97M	$84.99M	$73.83M	$60.48M	$61.52M	$23.40M	$38.77M	$59.20M	$52.84M	$37.88M	$51.81M	$22.38M	$22.32M	$20.88M	$24.41M	$15.17M	—
Operating Cash Flow (USD)	$244.80M	$195.53M	$190.83M	$166.20M	$130.04M	$104.05M	$130.00M	$91.34M	$101.11M	$114.57M	$97.26M	$65.91M	$63.42M	$74.37M	$64.20M	$37.17M	$54.55M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 18 years · 69 quarters

H2O AMERICA

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