H2O AMERICA
H2O AMERICA
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Public Utilities Property… | |||||||||||||||||
Public Utilities Property Plant And Equipment Land | 44 | 45 | 45 | 45 | 45 | 45 | 45 | 41 | 41 | 41 | 41 | 41 | |||||
Public Utilities Property Plant And Equipment Cons… | 257 | 269 | 278 | 242 | 199 | 179 | 203 | 159 | 133 | 107 | 113 | 141 | |||||
Intangible Assets Gross Excluding Goodwill | - | 52 | - | - | - | 52 | - | - | - | 36 | - | - | |||||
Finite Lived Intangible Assets Gross | 52 | 52 | 52 | 52 | 52 | 52 | 64 | 36 | 36 | 36 | 36 | 36 | |||||
Public Utilities Property Plant And Equipment Plan… | 5,139 | 5,054 | 4,900 | 4,734 | 4,607 | 4,525 | - | - | - | - | - | - | |||||
Public Utilities Property Plant And Equipment Accu… | 1,140 | 1,120 | 1,102 | 1,080 | 1,059 | 1,036 | 1,048 | 1,030 | 1,007 | 982 | 1,305 | 1,277 | |||||
Public Utilities Property Plant And Equipment Net | 3,999 | 3,934 | 3,798 | 3,654 | 3,548 | 3,489 | 3,406 | 3,283 | 3,209 | 3,171 | 2,765 | 2,703 | |||||
Real Estate Investment Property At Cost | - | - | - | - | - | - | - | - | - | 13 | 13 | 1 | |||||
Real Estate Investment Property Accumulated Deprec… | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Real Estate Investment Property Net | - | - | - | - | - | - | - | - | - | 13 | 13 | 1 | |||||
Property Plant And Equipment Gross | 2 | 2 | 1 | 1 | 1 | 1 | 4,454 | 4,313 | 4,216 | 4,152 | 4,070 | 3,980 | |||||
Accumulated Depreciation Depletion And Amortizatio… | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |||||
Property Plant And Equipment Net | 2 | 2 | 1 | 1 | 1 | 1 | - | - | - | - | - | - | |||||
Cash And Cash Equivalents At Carrying Value | 153 | 21 | 11 | 20 | 24 | 11 | 4 | 23 | 5 | 10 | 21 | 25 | |||||
Accounts Receivable Net C… | |||||||||||||||||
Accounts Receivable Net Current | 62 | 62 | 86 | 77 | 66 | 69 | 76 | 70 | 63 | 68 | 70 | 59 | |||||
Income Taxes Receivable | 2 | 3 | 0 | 0 | 5 | 6 | 11 | 0 | 3 | 5 | - | - | |||||
Nontrade Receivables Current | 11 | 8 | 6 | 8 | 7 | 7 | 6 | 6 | 2 | 4 | 4 | 5 | |||||
Receivables Long Term Contracts Or Programs | 65 | 69 | 73 | 68 | 59 | 61 | 68 | 58 | 44 | 50 | 62 | 51 | |||||
Assets Held For Sale Not Part Of Disposal Group | - | - | - | - | - | 0 | 0 | 0 | 41 | 41 | 41 | 41 | |||||
Prepaid Expense Current | 15 | 12 | 16 | 8 | 13 | 10 | 15 | 10 | 13 | 11 | 15 | 9 | |||||
Regulatory Assets Current | 8 | 8 | 7 | 13 | 17 | 18 | 1 | 1 | 2 | 4 | 9 | 6 | |||||
Other Assets Current | 8 | 8 | 7 | 7 | 8 | 9 | 5 | 6 | 6 | 6 | 6 | 6 | |||||
Assets Current | 323 | 191 | 207 | 200 | 197 | 191 | 187 | 173 | 178 | 198 | 229 | 201 | |||||
Other Assets Noncurrent | |||||||||||||||||
Regulatory Assets Noncurrent | 247 | 247 | 242 | 233 | 227 | 224 | 253 | 239 | 239 | 236 | 131 | 130 | |||||
Investments | 20 | 20 | 19 | 19 | 19 | 18 | 18 | 17 | 17 | 16 | 16 | 16 | |||||
Defined Benefit Plan Assets For Plan Benefits Nonc… | 82 | 81 | 70 | 69 | 68 | 66 | 39 | 37 | 34 | 34 | - | - | |||||
Goodwill | 640 | 640 | 640 | 640 | 640 | 640 | 640 | 640 | 640 | 640 | 640 | 640 | |||||
Other Assets Miscellaneous Noncurrent | 40 | 36 | 32 | 30 | 29 | 29 | 7 | 8 | 8 | 8 | 21 | 20 | |||||
Other Intangible Assets Net | - | - | - | - | - | 0 | 0 | 28 | 28 | 28 | 28 | - | |||||
Other Assets Noncurrent | 1,029 | 1,023 | 1,004 | 991 | 982 | 978 | 958 | 970 | 967 | 963 | 837 | 806 | |||||
Assets | 5,353 | 5,150 | 5,011 | 4,847 | 4,729 | 4,658 | 4,552 | 4,439 | 4,368 | 4,345 | 3,843 | 3,712 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Capitalization Longterm D… | |||||||||||||||||
Stockholders Equity Numbe… | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 1,248 | 958 | 942 | 914 | 856 | 828 | 805 | 771 | 745 | 736 | 730 | 717 | |||||
Retained Earnings Accumulated Deficit | 584 | 581 | 580 | 550 | 540 | 537 | 528 | 502 | 494 | 495 | 489 | 464 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | |||||
Stockholders Equity | 1,834 | 1,541 | 1,524 | 1,466 | 1,397 | 1,367 | 1,334 | 1,275 | 1,240 | 1,233 | 1,220 | 1,183 | |||||
Long Term Debt Noncurrent | 1,866 | 1,867 | 1,757 | 1,692 | 1,691 | 1,707 | 1,674 | 1,550 | 1,550 | 1,527 | 1,534 | 1,519 | |||||
Capitalization Longterm Debt And Equity | 3,700 | 3,408 | 3,281 | 3,158 | 3,089 | 3,074 | 3,008 | 2,824 | 2,791 | 2,760 | 2,754 | 2,702 | |||||
Liabilities Current | |||||||||||||||||
Lines Of Credit Current | 0 | 87 | 126 | 161 | 153 | 119 | 93 | 217 | 211 | 172 | 128 | 83 | |||||
Long Term Debt Current | 9 | 24 | 18 | 19 | 19 | 4 | 8 | 9 | 9 | 49 | 43 | 44 | |||||
Accounts Payable Current | 63 | 75 | 61 | 48 | 47 | 56 | 44 | 38 | 34 | 46 | 36 | 36 | |||||
Interest Payable Current | 23 | 18 | 18 | 16 | 20 | 17 | 20 | 16 | 19 | 16 | 19 | 16 | |||||
Employee Related Liabilities Current | 12 | 19 | 14 | 12 | 10 | 15 | 12 | 11 | 9 | 12 | 11 | 10 | |||||
Taxes Payable Current | - | - | - | - | - | - | - | 2 | - | 0 | 12 | 5 | |||||
Regulatory Liability Current | - | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 3 | - | - | |||||
Other Liabilities Current | 26 | 21 | 24 | 20 | 25 | 23 | 26 | 23 | 22 | 21 | 25 | 21 | |||||
Liabilities Current | 160 | 273 | 304 | 314 | 297 | 261 | 244 | 350 | 323 | 343 | 308 | 238 | |||||
Deferred Income Tax Liabilities Net | 312 | 308 | 303 | 286 | 280 | 276 | 268 | 241 | 240 | 239 | 235 | 229 | |||||
Contract With Customer Liability Noncurrent | 211 | 201 | 184 | 173 | 162 | 155 | 151 | 144 | 141 | 147 | 144 | 140 | |||||
Contributions In Aid Of Construction | 342 | 343 | 343 | 340 | 340 | 341 | 337 | 334 | 332 | 326 | 329 | 327 | |||||
Pension And Other Postretirement Defined Benefit P… | 46 | 46 | 44 | 44 | 44 | 45 | 48 | 48 | 47 | 47 | 51 | 53 | |||||
Regulatory Liability Noncurrent | 556 | 547 | 528 | 509 | 494 | 484 | 474 | 475 | 470 | 461 | - | - | |||||
Other Liabilities Noncurrent | 26 | 24 | 23 | 23 | 23 | 22 | 23 | 24 | 23 | 22 | 23 | 23 | |||||
Liabilities And Stockholders Equity | 5,353 | 5,150 | 5,011 | 4,847 | 4,729 | 4,658 | 4,552 | 4,439 | 4,368 | 4,345 | 3,843 | 3,712 | |||||
Allowance For Doubtful Accounts Receivable Current | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 7 | 7 | 6 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | |||||
Common Stock Shares Issued | 42 | 36 | 36 | 35 | 34 | 34 | 33 | 33 | 32 | 32 | 32 | 32 | |||||
Shares Outstanding | 42 | 36 | 36 | 35 | 34 | 34 | 33 | 33 | 32 | 32 | 32 | 32 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.57% | -0.95% | 14.32% | - | - | - | - | - | - | - | - | - |
| 2025 | -6.94% | -7.22% | -10.84% | 5.52% | 0.82% | 3.97% | -8.44% | 0.17% | 9.71% | 4.26% | 7.50% | 3.08% |
| 2024 | 13.06% | -2.12% | 9.82% | -3.00% | -2.64% | -6.22% | -2.75% | -12.45% | -16.24% | -2.39% | 3.68% | 0.57% |
| 2023 | 0.92% | -8.84% | -3.36% | -5.08% | -11.55% | -17.11% | 4.93% | 7.09% | 0.09% | -0.09% | -7.56% | 1.47% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.02 | 0.70 | 0.68 | 0.64 | 0.66 | 0.73 | 0.77 | 0.49 | 0.55 | 0.58 | 0.74 | 0.85 | |||||
| Quick Ratio | 1.93 | 0.65 | 0.63 | 0.61 | 0.62 | 0.69 | 0.70 | 0.47 | 0.51 | 0.55 | 0.69 | 0.81 | |||||
| Working Capital | 163.37M | -82.79M | -96.96M | -113.78M | -99.41M | -70.46M | -56.77M | -176.95M | -145.18M | -144.59M | -79.35M | -36.52M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.09 | 0.18 | 0.20 | 0.21 | 0.21 | 0.19 | 0.18 | 0.27 | 0.26 | 0.28 | 0.25 | 0.20 | |||||
| Interest Coverage TTM | 2.45 | 2.45 | 2.60 | 2.53 | 2.48 | 2.39 | 2.31 | 2.31 | 2.24 | 2.26 | 2.52 | 2.32 | |||||
| Debt Ratio | 0.03 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.08 | 0.07 | 0.08 | 0.08 | 0.06 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.16 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.18 | 0.18 | |||||
| Days Sales Outstanding TTM | 28.60 | 29.90 | 36.73 | 34.01 | 30.59 | 33.30 | 36.96 | 33.49 | 31.85 | 34.59 | 36.51 | 33.39 | |||||
| Receivables Turnover TTM | 12.76 | 12.21 | 9.94 | 10.73 | 11.93 | 10.96 | 9.87 | 10.90 | 11.46 | 10.55 | 10.00 | 10.93 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 2.72 | 2.92 | 3.07 | 2.95 | 2.92 | 2.87 | 2.73 | 2.70 | 2.65 | 2.68 | 3.12 | 2.80 | |||||
| Free Cash Flow Per Share TTM | 6.47 | 6.99 | 6.27 | 5.72 | 5.55 | 5.98 | 5.63 | 5.76 | 5.73 | 5.80 | 5.93 | 5.71 | |||||
| Dividend Per Share TTM | 1.59 | 1.68 | 1.60 | 1.59 | 1.58 | 1.59 | 1.55 | 1.54 | 1.53 | 1.52 | 1.46 | 1.44 | |||||
Margin Metrics | |||||||||||||||||
| Operating Profit Margin TTM | 21.94% | 22.17% | 23.38% | 23.05% | 23.28% | 22.78% | 22.62% | 23.03% | 22.30% | 22.29% | 24.36% | 22.50% | |||||
| Net Profit Margin TTM | 12.87% | 12.81% | 13.59% | 13.03% | 12.89% | 12.56% | 12.47% | 12.48% | 12.48% | 12.68% | 14.85% | 13.77% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 6.47% | 6.97% | 11.39% | 12.40% | 12.34% | 11.65% | 7.69% | 9.38% | 7.69% | 8.00% | 13.81% | 10.61% | |||||
| Net Income Growth (1Y) | 6.30% | 9.16% | 21.43% | 17.39% | 16.04% | 10.57% | -9.59% | -0.89% | 4.33% | 15.11% | 70.59% | 68.66% | |||||
| EPS Growth (1Y) | -5.34% | 1.99% | 12.39% | 9.36% | 10.20% | 6.76% | -12.43% | -3.63% | 0.62% | 10.48% | 62.06% | 61.95% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 21.03 | 16.45 | 15.45 | 17.01 | 17.94 | 16.30 | 20.07 | 18.83 | 19.86 | 22.47 | 17.70 | 22.87 | |||||
| P/B TTM | 1.20 | 1.10 | 1.11 | 1.19 | 1.27 | 1.12 | 1.35 | 1.29 | 1.36 | 1.55 | 1.44 | 1.71 | |||||
| P/S TTM | 2.71 | 2.11 | 2.10 | 2.22 | 2.31 | 2.05 | 2.50 | 2.35 | 2.48 | 2.85 | 2.63 | 3.15 | |||||
| Market Cap | 2.21B | 1.69B | 1.69B | 1.75B | 1.77B | 1.53B | 1.81B | 1.65B | 1.69B | 1.91B | 1.76B | 2.02B | |||||
| Enterprise Value | 3.93B | 3.64B | 3.58B | 3.60B | 3.61B | 3.35B | 3.58B | 3.40B | 3.46B | 3.65B | 3.45B | 3.64B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 245.33M | 244.80M | 222.74M | 199.01M | 187.49M | 195.53M | 185.34M | 186.46M | 183.90M | 183.29M | 188.85M | 179.88M | |||||
| Net Debt | 1.72B | 1.96B | 1.89B | 1.85B | 1.84B | 1.82B | 1.77B | 1.75B | 1.77B | 1.74B | 1.68B | 1.62B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
H2O AMERICA (HTO) — SEC Financial Statements & Analysis
H2O AMERICA (HTO) is a water supply company, incorporated in DE. H2O AMERICA trades on Nasdaq as: HTO. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), H2O AMERICA reported a 6.47% year-over-year revenue growth, a Debt-to-Equity ratio of 0.09x, a Price-to-Sales (P/S) ratio of 2.71x (TTM), a Price-to-Book (P/B) ratio of 1.2 (TTM), at a market cap of $2.21B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 6.47%
- Debt To Equity
- 0.09x
- P/S TTM
- 2.71x
- P/B TTM
- 1.2
- Market Cap
- $2.21B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is H2O AMERICA in?
H2O AMERICA (HTO) operates in the Water Supply industry.
What is HTO's market cap?
H2O AMERICA (HTO) has a market capitalization of $2.21B as of 2026-03-31.
What is HTO's P/E ratio?
H2O AMERICA (HTO)'s trailing twelve month P/E ratio is 21.03x as of 2026-03-31.
What exchange does HTO trade on?
H2O AMERICA (HTO) trades on the Nasdaq.
Where is H2O AMERICA incorporated?
H2O AMERICA is incorporated in DE.