HTONasdaqWater SupplyFiscal year ends December 31

H2O AMERICA

Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 28, 2026

$55.88−1.81 (-3.14%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2011 to 2025

22.2%+1.3 pts over 5 years

12.8%+1.9 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+7.0%	+8.9%	+7.2%	–
Operating income	+4.1%	+10.7%	+8.6%	+8.3%
Net income	+9.2%	+11.6%	+10.8%	+10.5%
EPS, diluted	+1.7%	+6.3%	+6.4%	+4.7%
Dividend per share	+5.0%	+5.3%	+5.6%	+8.0%

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	13.1%	6.8%	7.1%
Return on assets	3.8%	1.9%	2.1%
Current ratio	1.57	0.36	0.70
Debt to equity	1.03	1.49	1.23
Net debt to EBITDA	2.84×	6.47×	6.27×
Interest coverage	4.5×	2.2×	2.4×
Diluted shares	21M	29M	35M

Return on equity split into margin, efficiency and leverage

Net margin12.8%

Asset turnover0.16×

Equity multiplier3.37×

Return on equity, FY20257.1%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	12.8%	0.16×	3.37×	7.1%
FY2024	12.6%	0.17×	3.46×	7.2%
FY2023	12.7%	0.17×	3.46×	7.3%
FY2022	11.9%	0.17×	3.38×	6.9%
FY2021	10.5%	0.17×	3.49×	6.2%
FY2020	10.9%	0.18×	3.57×	6.8%
FY2019	5.6%	0.17×	2.86×	2.6%
FY2018	9.7%	0.20×	2.89×	5.7%
FY2017	15.2%	0.23×	3.84×	13.4%
FY2016	15.6%	0.24×	3.45×	13.1%

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is HTO.

Revenue growth6.5% · median 6.8%

Operating margin21.9% · median 31.8%

Net margin12.9% · median 20.5%

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