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H2O America HTO · USD

Utilities · US listing · 🇺🇸 United States

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62.13

-1.30%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$800.6m

FY2016FY2025

Net income

$102.6m

FY2016FY2025

Free cash flow

−$278.1m

FY2016FY2025

Shareholders' equity

$1.54bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$800.6m$748.4m$670.4m$620.7m$573.7m$564.5m$420.5m$397.7m$389.2m$339.7m
Operating income$181.0m$170.5m$157.1m$140.4m$123.2m$117.7m$57.5m$73.4m$101.9m$97.4m
Net income$102.6m$94.0m$85.0m$73.8m$60.5m$61.5m$23.4m$38.8m$59.2m$52.8m
Diluted earnings per share2.852.802.652.412.012.140.821.682.862.56

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$5.15bn$4.66bn$4.35bn$3.76bn$3.49bn$3.31bn$3.13bn$1.96bn$1.46bn$1.44bn
Cash and short-term investments$20.7m$11.1m$9.7m$12.3m$10.9m$5.3m$12.9m$420.7m$7.8m$6.3m
Total liabilities$3.61bn$3.29bn$3.11bn$2.64bn$2.46bn$2.39bn$2.24bn$1.07bn$994.8m$1.02bn
Debt$1.98bn$1.83bn$1.75bn$1.66bn$1.60bn$1.54bn$1.42bn$531.4m$456.1m$447.7m
Shareholders' equity$1.54bn$1.37bn$1.23bn$1.11bn$1.03bn$917.2m$890.0m$889.3m$463.2m$421.6m
Shares outstanding36m34m32m31m30m29m29m23m21m21m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$244.8m$195.5m$190.8m$166.2m$130.0m$104.1m$130.0m$91.3m$101.1m$114.6m
Capital spending−$522.9m−$380.6m−$290.7m−$244.2m−$253.8m−$215.0m−$182.9m−$148.3m−$152.4m−$145.6m
Free cash flow−$278.1m−$185.1m−$99.9m−$78.0m−$123.8m−$110.9m−$52.9m−$57.0m−$51.3m−$31.0m
Dividends paid−$58.6m−$52.1m−$47.9m−$43.6m−$40.1m−$36.5m−$34.1m−$23.1m−$21.3m−$16.6m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$210.5m$183.3m$194.2m$240.6m$198.3m$167.6m$197.8m$225.1m
Operating income$42.8m$37.4m$33.6m$64.6m$43.9m$35.9m$43.7m$58.4m
Net income$26.6m$19.0m$16.2m$45.1m$24.7m$16.6m$22.9m$38.7m
Diluted earnings per share0.650.460.451.250.690.460.681.15
Cash from operations$60.0m$43.0m$63.0m$77.0m$60.0m$43.0m$41.0m$53.0m
Capital spending−$123.0m−$92.0m−$302.0m−$154.0m−$133.0m−$84.0m−$107.0m−$101.0m
Free cash flow−$63.0m−$49.0m−$239.0m−$77.0m−$73.0m−$41.0m−$66.0m−$48.0m
Total assets$5.44bn$5.35bn$5.15bn$5.01bn$4.85bn$4.73bn$4.66bn$4.55bn
Cash and short-term investments$104.1m$153.0m$20.7m$11.3m$19.8m$23.7m$11.1m$4.0m
Debt$1.89bn$1.87bn$1.98bn$144.4m$1.87bn$1.86bn$1.83bn$1.78bn
Shareholders' equity$1.84bn$1.83bn$1.54bn$1.52bn$1.47bn$1.40bn$1.37bn$1.33bn

Financial ratios

Data as of 28 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin25.7%23.3%23.4%22.6%21.5%22.0%
Net margin12.8%12.6%12.7%11.9%10.5%10.9%
Return on equity6.7%6.9%6.9%6.6%5.8%6.7%
Return on assets2.0%2.0%2.0%2.0%1.7%1.9%
Free cash flow yield34.9%28.2%24.6%22.0%20.9%18.2%
Revenue growth7.0%11.6%8.0%8.2%1.6%34.3%
Earnings growth9.2%10.6%15.1%22.1%-1.7%162.9%
Current ratio0.70x0.73x0.58x0.59x0.66x0.36x
Debt to equity1.28x1.34x1.42x1.49x1.54x0.27x
Equity ratio29.9%29.3%28.4%29.6%29.6%27.7%
Interest coverage2.26x2.44x2.37x2.42x2.27x2.29x
Buybacks as a share of market value-7.4%-4.5%-4.7%-1.9%-4.7%-0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue8.9%7.2%10.1%
Operating income8.8%9.0%8.5%
Net income11.6%10.8%10.5%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin22.7%22.9%22.4%22.3%
Net margin12.7%12.5%12.0%11.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings17.217.624.733.736.432.487.033.222.321.8
Price to sales2.22.23.14.03.83.54.83.23.43.4

Market value over time

30 Nov 2016 to 27 Oct 2026, in USD

$1.13bn$2.65bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return-2%-25%-13%9%7%-7%29%-12%11%92%

Dividends and splits

Per share, in the currency the company pays

Paid for 36 years. Last went ex-dividend on 9 Nov 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.761.681.601.521.441.361.281.20

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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