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Apr 28, 2026·SEC
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H2O America(HTO)Earnings, Financials & Key Ratios
HTO•NASDAQ•Utilities
$57.60
$2.02B mkt cap·19.7× P/E·Price updated May 6, 2026
AboutH2O America, through its subsidiaries, provides water utility and other related services in the United States. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from Santa Clara Valley Water District. It also offers non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services, sewer operations, and other water related services; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine. In addition, the company provides water services to approximately 232,000 connections that serve approximately one million people residing in portions of the cities of San Jose and Cupertino and in the cities of Campbell, Monte Sereno, Saratoga and the Town of Los Gatos, and adjacent unincorporated territories in the County of Santa Clara in the State of California; water service to approximately 142,000 service connections, which serve a population of approximately 463,000 people in 81 municipalities with a service area of approximately 275 square miles in Connecticut and Maine and approximately 3,000 wastewater connections in Southbury, Connecticut; approximately 29,000 service connections that serve approximately 88,000 people in a service area comprising more than 271 square miles in the region between San Antonio and Austin, Texas and approximately 1,000 wastewater connections. Further, it owns undeveloped land in California; and commercial properties and parcels of land in Connecticut. The company was formerly known as SJW Group and changed its name to H2O America in May 2025. H2O America was incorporated in 1985 and is headquartered in San Jose, California.Show more
- Revenue$801M+7.0%
- EBITDA$296M+3.8%
- Net Income$103M+9.2%
- Free Cash Flow-$278M-50.2%
- EBITDA Margin37.01%-3.0%
- Net Margin12.81%+2.1%
- ROE7.06%-2.4%
- Interest Coverage2.26-7.4%
- Debt/Equity1.28-4.1%
- Net Debt/EBITDA6.60+3.7%
- CapEx / Revenue0%-100.0%
HTO Key Insights
H2O America (HTO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓22 years of consecutive dividend growth
- ✓22 consecutive years of dividend growth
- ✓Healthy dividend yield of 2.8%
- ✓Trading at only 1.3x book value
✗Weaknesses
- ✗High leverage: 6.7x Debt/EBITDA
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HTO Price & Volume
H2O America (HTO) stock price & volume — 10-year historical chart
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HTO Growth Metrics
H2O America (HTO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.13%
5 Years7.24%
3 Years8.85%
TTM6.47%
Profit CAGR
10 Years10.47%
5 Years10.77%
3 Years11.59%
TTM6.3%
EPS CAGR
10 Years4.67%
5 Years6.41%
3 Years6.31%
TTM-2.01%
Return on Capital
10 Years4.53%
5 Years3.88%
3 Years3.98%
Last Year3.9%
HTO Recent Earnings
H2O America (HTO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/6 qtrs (83%)●Beat Revenue 2/6 qtrs (50%)
Q2 2026Latest
Apr 28, 2026EPS
$0.50
Est $0.48
+4.2%
Revenue
$183M
Est $181M
+1.5%
Q1 2026
Feb 25, 2026EPS
$0.46
Est $0.50
-8.4%
Revenue
$194M
Est $217M
-10.7%
Q4 2025
Oct 27, 2025EPS
$1.27
Est $1.15
+10.4%
Revenue
$241M
Est $206M
+16.5%
Q3 2025
Jul 28, 2025EPS
$0.75
Est $0.71
+5.6%
Revenue
$198M
Est $236M
-16.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $0.50vs $0.48+4.2% | $183Mvs $181M+1.5% |
| Q1 2026 | Feb 25, 2026 | $0.46vs $0.50-8.4% | $194Mvs $217M-10.7% |
| Q4 2025 | Oct 27, 2025 | $1.27vs $1.15+10.4% | $241Mvs $206M+16.5% |
| Q3 2025 | Jul 28, 2025 | $0.75vs $0.71+5.6% | $198Mvs $236M-16.0% |
Based on last 6 quarters of dataView full earnings history →
HTO Peer Comparison
H2O America (HTO) competitors in Regulated Water and Wastewater Utilities — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AWR | 2.97B | 75.84 | 22.50 | 10.52% | 19.66% | 13.06% | 0.90 | |
 MSEX | 950.44M | 51.15 | 21.67 | 1.47% | 22.07% | 9.07% | 0.85 | |
 YORW | 463.3M | 29.01 | 20.87 | 3.37% | 8.89% | 0.97 | ||
 ARTNA | 328.23M | 31.90 | 14.43 | 4.62% | 20.21% | 9.26% | 0.73 | |
 CWCO | 527.15M | 33.06 | -1.41% | 13.88% | 0% | 0.00 | ||
 AWK | 24.54B | 125.68 | 22.05 | 9.74% | 21.17% | 10.14% | 1.47 | |
 CWT | 2.58B | 43.03 | 20.01 | -3.54% | 11.77% | 6.95% | 0.95 | |
 WTRG | 10.64B | 37.54 | 17.06 | 18.62% | 24.91% | 9.18% | 1.22 |
Compare HTO vs Peers
H2O America (HTO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HTO Income Statement
H2O America (HTO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 389.23M | 397.7M | 420.48M | 564.53M | 573.69M | 620.7M | 670.36M | 748.44M | 800.59M | 816.28M |
| Revenue Growth % | 14.58% | 2.18% | 5.73% | 34.26% | 1.62% | 8.19% | 8% | 11.65% | 6.97% | 6.47% |
| Cost of Revenue | 176.5M | 187.14M | 196.27M | 247.95M | 255.11M | 263.52M | 281.93M | 323.32M | 426.48M | 363.63M |
| Gross Profit | 212.72M▲ 0% | 210.56M▼ 1.0% | 224.21M▲ 6.5% | 316.58M▲ 41.2% | 318.57M▲ 0.6% | 357.17M▲ 12.1% | 388.43M▲ 8.8% | 425.12M▲ 9.4% | 374.11M▼ 12.0% | 452.65M▲ 0% |
| Gross Margin % | 54.65% | 52.94% | 53.32% | 56.08% | 55.53% | 57.54% | 57.94% | 56.8% | 46.73% | 55.45% |
| Gross Profit Growth % | 8.69% | -1.02% | 6.48% | 41.2% | 0.63% | 12.12% | 8.75% | 9.44% | -12% | - |
| Operating Expenses | 110.87M | 137.12M | 166.73M | 198.91M | 207.41M | 226.2M | 239M | 254.61M | 193.12M | 273.18M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 152.35M | 130.35M | 125.97M | 209.29M | 207.63M | 237.42M | 257.57M | 285.55M | 296.31M | 300.05M |
| EBITDA Margin % | 39.14% | 32.78% | 29.96% | 37.07% | 36.19% | 38.25% | 38.42% | 38.15% | 37.01% | 36.76% |
| EBITDA Growth % | 6% | -14.44% | -3.36% | 66.15% | -0.79% | 14.34% | 8.49% | 10.86% | 3.77% | 1.97% |
| Depreciation & Amortization | 50.5M | 56.91M | 68.49M | 91.62M | 96.47M | 106.44M | 108.14M | 115.05M | 115.32M | 120.57M |
| D&A / Revenue % | 12.97% | 14.31% | 16.29% | 16.23% | 16.82% | 17.15% | 16.13% | 15.37% | 14.4% | 14.77% |
| Operating Income (EBIT) | 101.85M▲ 0% | 73.44M▼ 27.9% | 57.48M▼ 21.7% | 117.67M▲ 104.7% | 111.16M▼ 5.5% | 130.98M▲ 17.8% | 149.44M▲ 14.1% | 170.5M▲ 14.1% | 180.99M▲ 6.2% | 179.47M▲ 0% |
| Operating Margin % | 26.17% | 18.47% | 13.67% | 20.84% | 19.38% | 21.1% | 22.29% | 22.78% | 22.61% | 21.99% |
| Operating Income Growth % | 4.53% | -27.89% | -21.73% | 104.72% | -5.53% | 17.83% | 14.09% | 14.1% | 6.15% | - |
| Interest Expense | 22.93M | 24.33M | 31.8M | 54.26M | 54.34M | 58.06M | 66.14M | 71.39M | 91.07M | 4M |
| Interest Coverage | 5.21x | 3.01x | 2.01x | 2.29x | 2.27x | 2.42x | 2.37x | 2.44x | 2.26x | - |
| Interest / Revenue % | 5.89% | 6.12% | 7.56% | 9.61% | 9.47% | 9.35% | 9.87% | 9.54% | 11.38% | 0.49% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 96.49M▲ 0% | 48.83M▼ 49.4% | 32.08M▼ 34.3% | 69.89M▲ 117.9% | 68.85M▼ 1.5% | 82.32M▲ 19.6% | 90.94M▲ 10.5% | 102.94M▲ 13.2% | 114.93M▲ 11.7% | 117.32M▲ 0% |
| Pretax Margin % | 24.79% | 12.28% | 7.63% | 12.38% | 12% | 13.26% | 13.57% | 13.75% | 14.36% | 14.37% |
| Income Tax | 35.39M | 10.06M | 8.45M | 8.38M | 8.37M | 8.5M | 5.96M | 8.97M | 12.36M | 12.28M |
| Effective Tax Rate % | 36.68% | 20.61% | 26.35% | 11.99% | 12.16% | 10.32% | 6.55% | 8.71% | 10.75% | 10.46% |
| Net Income | 59.2M▲ 0% | 38.77M▼ 34.5% | 23.4M▼ 39.6% | 61.52M▲ 162.9% | 60.48M▼ 1.7% | 73.83M▲ 22.1% | 84.99M▲ 15.1% | 93.97M▲ 10.6% | 102.58M▲ 9.2% | 105.04M▲ 0% |
| Net Margin % | 15.21% | 9.75% | 5.57% | 10.9% | 10.54% | 11.89% | 12.68% | 12.56% | 12.81% | 12.87% |
| Net Income Growth % | 12.05% | -34.52% | -39.63% | 162.85% | -1.69% | 22.07% | 15.11% | 10.57% | 9.16% | 6.3% |
| EPS (Diluted) | 2.86▲ 0% | 1.82▼ 36.4% | 0.82▼ 54.9% | 2.14▲ 161.0% | 2.03▼ 5.1% | 2.43▲ 19.7% | 2.68▲ 10.3% | 2.79▲ 4.1% | 2.92▲ 4.7% | 2.72▲ 0% |
| EPS Growth % | 11.28% | -36.36% | -54.95% | 160.98% | -5.14% | 19.7% | 10.29% | 4.1% | 4.66% | -2.01% |
| EPS (Basic) | 2.89 | 1.83 | 0.82 | 2.16 | 2.04 | 2.44 | 2.69 | 2.80 | 2.93 | - |
| Diluted Shares Outstanding | 20.68M | 21.33M | 28.56M | 28.7M | 29.74M | 30.42M | 31.66M | 33.69M | 36.01M | 38.55M |
HTO Balance Sheet
H2O America (HTO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.46B | 1.96B | 3.13B | 3.31B | 3.49B | 3.76B | 4.35B | 4.66B | 5.15B | 5.35B |
| Asset Growth % | 1.01% | 34.18% | 60.11% | 5.71% | 5.46% | 7.52% | 15.71% | 7.21% | 10.55% | 13.31% |
| PP&E (Net) | 1.22B | 1.31B | 2.17B | 2.3B | 2.48B | 2.59B | 3.16B | 3.45B | 3.89B | 4B |
| PP&E / Total Assets % | 84.01% | 67.11% | 69.37% | 69.45% | 70.92% | 69.09% | 72.62% | 73.99% | 75.6% | 74.69% |
| Total Current Assets | 66.86M | 502.72M | 122.05M | 127.33M | 134.09M | 158.39M | 198.39M | 190.71M | 190.59M | 323.41M |
| Cash & Equivalents | 7.8M | 420.72M | 12.94M | 5.27M | 10.91M | 12.34M | 9.72M | 11.11M | 20.69M | 153.01M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 56.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | -51.46M | 31.78M | 14.4M | 10.87M | 8.74M | 25.84M | 51.27M | 26.77M | 16.4M | 15.62M |
| Long-Term Investments | 4.54M | 0 | 12.93M | 14.37M | 15.78M | 14.82M | 16.41M | 18.09M | 19.71M | 62.47M |
| Goodwill | 0 | 1.68M | 628.29M | 628.14M | 640.47M | 640.31M | 640.31M | 640.31M | 640.31M | 640.31M |
| Intangible Assets | 14.41M | 15.8M | 33.42M | 35.17M | 20.65M | 35.96M | 43.44M | 42.08M | 41.06M | 0 |
| Other Assets | 147.34M | 123.17M | 162.72M | 206.71M | 204.56M | 311.22M | 290.92M | 320.59M | 364.98M | 368.69M |
| Total Liabilities | 994.79M | 1.07B | 2.24B | 2.39B | 2.46B | 2.64B | 3.11B | 3.29B | 3.61B | 3.52B |
| Total Debt | 456.09M | 531.42M | 1.42B | 1.54B | 1.6B | 1.66B | 1.75B | 1.83B | 1.98B | 1.87B |
| Net Debt | 448.29M | 110.7M | 1.41B | 1.53B | 1.58B | 1.64B | 1.74B | 1.82B | 1.96B | 1.72B |
| Long-Term Debt | 431.09M | 431.42M | 1.28B | 1.29B | 1.49B | 1.49B | 1.53B | 1.71B | 1.87B | 1.87B |
| Short-Term Borrowings | 25M | 100M | 139.48M | 251.34M | 102.1M | 163.94M | 220.47M | 122.77M | 110.34M | 8.63M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 85.05M | 163.99M | 234.57M | 350.8M | 203.27M | 268.32M | 342.97M | 261.17M | 273.38M | 160.05M |
| Accounts Payable | 22.96M | 24.94M | 34.89M | 34.2M | 30.39M | 29.58M | 46.12M | 56.26M | 75.43M | 62.88M |
| Accrued Expenses | 27.26M | 28.01M | 41.92M | 46.06M | 42.96M | 45.52M | 52.52M | 57.79M | 66.67M | 77.62M |
| Deferred Revenue | 244.53M | 248.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 7.93M | 9.12M | 18.28M | 19.2M | 27.82M | 26.59M | 23.85M | 24.36M | 20.94M | 76.93M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1.28B |
| Other Liabilities | 148.33M | 143.16M | 528.72M | 564.51M | 561.22M | 665.75M | 1B | 1.05B | 1.16B | 1.18B |
| Total Equity | 463.21M▲ 0% | 889.31M▲ 92.0% | 889.98M▲ 0.1% | 917.16M▲ 3.1% | 1.03B▲ 12.8% | 1.11B▲ 7.4% | 1.23B▲ 11.0% | 1.37B▲ 10.8% | 1.54B▲ 12.7% | 1.83B▲ 0% |
| Equity Growth % | 9.86% | 91.99% | 0.08% | 3.05% | 12.8% | 7.38% | 11.03% | 10.83% | 12.71% | 73.22% |
| Shareholders Equity | 463.21M | 889.31M | 889.98M | 917.16M | 1.03B | 1.11B | 1.23B | 1.37B | 1.54B | 1.83B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 21K | 28K | 28K | 29K | 30K | 31K | 32K | 34K | 36K | 42K |
| Additional Paid-in Capital | 84.87M | 495.37M | 506.64M | 510.16M | 606.39M | 651M | 736.19M | 827.8M | 958.19M | 1.25B |
| Retained Earnings | 376.12M | 393.92M | 383.19M | 408.04M | 428.26M | 458.36M | 495.38M | 537.18M | 581.08M | 584.17M |
| Accumulated OCI | 2.2M | 0 | 126K | -1.06M | -163K | 1.48M | 1.79M | 1.96M | 1.47M | 1.47M |
| Return on Assets (ROA) | 4.08% | 2.27% | 0.92% | 1.91% | 1.78% | 2.04% | 2.1% | 2.09% | 2.09% | 2.21% |
| Return on Equity (ROE) | 13.38% | 5.73% | 2.63% | 6.81% | 6.2% | 6.88% | 7.25% | 7.23% | 7.06% | 6.6% |
| Debt / Equity | 0.98x | 0.60x | 1.60x | 1.68x | 1.54x | 1.49x | 1.42x | 1.34x | 1.28x | 1.28x |
| Debt / Assets | 31.28% | 27.16% | 45.43% | 46.47% | 45.67% | 44.1% | 40.21% | 39.28% | 38.39% | 35.01% |
| Net Debt / EBITDA | 2.94x | 0.85x | 11.19x | 7.33x | 7.63x | 6.92x | 6.75x | 6.37x | 6.60x | 6.60x |
| Book Value per Share | 22.39 | 41.69 | 31.16 | 31.96 | 34.79 | 36.51 | 38.95 | 40.57 | 42.79 | 47.58 |
HTO Cash Flow Statement
H2O America (HTO) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 101.11M | 91.34M | 130M | 104.05M | 130.04M | 166.2M | 190.83M | 195.53M | 244.8M | 244.8M |
| Operating CF Growth % | -11.75% | -9.66% | 42.33% | -19.96% | 24.98% | 27.81% | 14.82% | 2.46% | 25.2% | 122.11% |
| Operating CF / Revenue % | 25.98% | 22.97% | 30.92% | 18.43% | 22.67% | 26.78% | 28.47% | 26.12% | 30.58% | 29.99% |
| Net Income | 61.1M | 38.77M | 23.63M | 61.52M | 60.48M | 73.83M | 84.99M | 93.97M | 102.58M | 105.04M |
| Depreciation & Amortization | 50.5M | 56.91M | 68.49M | 91.62M | 96.47M | 106.44M | 108.14M | 115.05M | 120.49M | 124.63M |
| Deferred Taxes | -436K | -9.49M | -1.25M | -5.5M | -2.85M | -3.24M | -8.51M | 10.36M | 5.18M | 5.28M |
| Other Non-Cash Items | -19.4M | 414K | -909K | -7.2M | -11.14M | -7.75M | -2.11M | -25.69M | -6.24M | -41.75M |
| Working Capital Changes | 6.71M | 2.62M | 36.64M | -39.95M | -17.17M | -7.87M | 3.68M | -3.78M | 16.34M | 45.68M |
| Capital Expenditures | -152.41M | -148.34M | -1.02B | -214.97M | -253.81M | -244.24M | -290.72M | -380.64M | -522.9M | -217.87M |
| CapEx / Revenue % | 39.16% | 37.3% | 242.05% | 38.08% | 44.24% | 39.35% | 43.37% | 50.86% | 0% | 8.06% |
| CapEx / D&A | 3.02x | 2.61x | 14.86x | 2.35x | 2.63x | 2.29x | 2.69x | 3.31x | 0.00x | 0.53x |
| CapEx Coverage (OCF/CapEx) | 0.66x | 0.62x | 0.13x | 0.48x | 0.51x | 0.68x | 0.66x | 0.51x | - | 3.72x |
| Cash from Investing | -113.87M | -146.84M | -1.02B | -214.26M | -260M | -244.33M | -322.27M | -340.1M | -520.1M | -528.27M |
| Acquisitions | -1.15M | 1.62M | -834.72M | 1.15M | -23.59M | -433K | -7.54M | 0 | 0 | 0 |
| Purchase of Investments | -116K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 4.11M | 0 | 0 | 0 | 0 | 0 | 0 | 2.8M | 2.8M |
| Other Investing | 39.8M | -4.24M | -137K | -435K | 17.4M | 344K | -24.01M | 40.54M | -522.9M | -465.27M |
| Cash from Financing | -4.79M | 468.42M | 484.99M | 101.53M | 132.81M | 78.35M | 128.82M | 145.96M | 284.87M | 412.26M |
| Dividends Paid | -21.33M | -23.07M | -34.13M | -36.51M | -40.14M | -43.58M | -47.91M | -52.13M | -58.65M | -60.41M |
| Dividend Payout Ratio % | 36.03% | 59.52% | 145.85% | 59.35% | 66.37% | 59.03% | 56.37% | 55.48% | 57.17% | - |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Stock Issued | 0 | 411.38M | 0 | 0 | 91.03M | 39.09M | 80.66M | 85.01M | 122.81M | 384.86M |
| Share Repurchases | 0 | 0 | -10K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 8.46M | 5.11M | 17.24M | 24.09M | 23.12M | 20.45M | 18.49M | 29.99M | 71.69M | 433.23M |
| Net Change in Cash | -17.55M▲ 0% | 412.92M▲ 2452.7% | -407.78M▼ 198.8% | -8.68M▲ 97.9% | 1.64M▲ 118.9% | 225K▼ 86.3% | -2.62M▼ 1264.9% | 1.39M▲ 153.1% | 9.57M▲ 588.1% | 129.31M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 25.35M | 7.8M | 420.72M | 17.94M | 9.27M | 12.12M | 12.34M | 9.72M | 11.11M | 20.69M |
| Cash at End | 7.8M | 420.72M | 12.94M | 9.27M | 10.91M | 12.34M | 9.72M | 11.11M | 20.69M | 153.01M |
| Free Cash Flow | -51.3M▲ 0% | -56.99M▼ 11.1% | -887.77M▼ 1457.7% | -110.92M▲ 87.5% | -123.77M▼ 11.6% | -78.04M▲ 36.9% | -99.89M▼ 28.0% | -185.11M▼ 85.3% | -278.1M▼ 50.2% | 27.45M▲ 0% |
| FCF Growth % | -65.43% | -11.1% | -1457.68% | 87.51% | -11.58% | 36.95% | -28% | -85.31% | -50.23% | 113.48% |
| FCF Margin % | -13.18% | -14.33% | -211.13% | -19.65% | -21.57% | -12.57% | -14.9% | -24.73% | -34.74% | 3.36% |
| FCF / Net Income % | -86.65% | -147.01% | -3793.39% | -180.32% | -204.65% | -105.71% | -117.54% | -197% | -271.11% | 26.14% |
HTO Key Ratios
H2O America (HTO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 13.38% | 5.73% | 2.63% | 6.81% | 6.2% | 6.88% | 7.25% | 7.23% | 7.06% | 6.6% |
| EBITDA Margin | 39.14% | 32.78% | 29.96% | 37.07% | 36.19% | 38.25% | 38.42% | 38.15% | 37.01% | 36.76% |
| Net Debt / EBITDA | 2.94x | 0.85x | 11.19x | 7.33x | 7.63x | 6.92x | 6.75x | 6.37x | 6.60x | 6.60x |
| Interest Coverage | 5.21x | 3.01x | 2.01x | 2.29x | 2.27x | 2.42x | 2.37x | 2.44x | 2.26x | - |
| CapEx / Revenue | 39.16% | 37.3% | 242.05% | 38.08% | 44.24% | 39.35% | 43.37% | 50.86% | 0% | 8.06% |
| Dividend Payout Ratio | 36.03% | 59.52% | 145.85% | 59.35% | 66.37% | 59.03% | 56.37% | 55.48% | 57.17% | 42.37% |
| Debt / Equity | 0.98x | 0.60x | 1.60x | 1.68x | 1.54x | 1.49x | 1.42x | 1.34x | 1.28x | 1.28x |
| EPS Growth | 11.28% | -36.36% | -54.95% | 160.98% | -5.14% | 19.7% | 10.29% | 4.1% | 4.66% | -2.01% |
HTO SEC Filings & Documents
H2O America (HTO) SEC filings — annual & quarterly reports (10-K, 10-Q)
HTO Frequently Asked Questions
H2O America (HTO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
H2O America (HTO) reported $816.3M in revenue for fiscal year 2025. This represents a 696% increase from $102.6M in 1996.
H2O America (HTO) grew revenue by 7.0% over the past year. This is steady growth.
Yes, H2O America (HTO) is profitable, generating $105.0M in net income for fiscal year 2025 (12.8% net margin).
Dividend & Returns
Yes, H2O America (HTO) pays a dividend with a yield of 2.83%. This makes it attractive for income-focused investors.
H2O America (HTO) has a return on equity (ROE) of 7.1%. This is below average, suggesting room for improvement.
H2O America (HTO) generated $27.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Industry Metrics
H2O America (HTO) has a dividend payout ratio of 57%. This suggests the dividend is well-covered and sustainable.
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