HTO
H2O America
NASDAQ: HTO · UTILITIES · UTILITIES - REGULATED WATER
$57.67
-2.68% today
Updated 2026-04-29
Market cap
$2.41B
P/E ratio
19.75
P/S ratio
2.96x
EPS (TTM)
$2.92
Dividend yield
2.87%
52W range
$43 – $62
Volume
0.7M
H2O America (HTO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $189.24M | $206.60M | $220.35M | $216.10M | $215.64M | $238.96M | $261.55M | $276.87M | $319.67M | $305.08M | $339.71M | $389.23M | $397.70M | $420.48M | $564.53M | $573.69M | $620.70M | $670.36M | $748.44M | $800.59M |
| Revenue growth (YoY) | — | +9.2% | +6.7% | -1.9% | -0.2% | +10.8% | +9.5% | +5.9% | +15.5% | -4.6% | +11.3% | +14.6% | +2.2% | +5.7% | +34.3% | +1.6% | +8.2% | +8.0% | +11.6% | +7.0% |
| Cost of revenue | $50.07M | $86.27M | $90.22M | $83.53M | $99.54M | $105.31M | $120.64M | $134.39M | $137.23M | $125.58M | $143.99M | $176.50M | $187.14M | $196.27M | $247.95M | $255.11M | $263.52M | $281.93M | $323.32M | $426.48M |
| Gross profit | $139.17M | $120.33M | $130.13M | $132.56M | $116.09M | $133.64M | $140.91M | $142.48M | $182.44M | $179.50M | $195.71M | $212.72M | $210.56M | $224.21M | $316.58M | $318.57M | $357.17M | $388.43M | $425.12M | $374.11M |
| Gross margin | 73.5% | 58.2% | 59.1% | 61.3% | 53.8% | 55.9% | 53.9% | 51.5% | 57.1% | 58.8% | 57.6% | 54.7% | 52.9% | 53.3% | 56.1% | 55.5% | 57.5% | 57.9% | 56.8% | 46.7% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | — | — | — | $27.66M | $38.18M | $39.14M | $42.81M | $43.71M | $40.57M | $47.13M | $41.53M | $48.94M | $48.93M | $66.30M | $79.74M | $87.33M | $95.40M | $98.66M | $105.83M | $151.25M |
| Operating income | $46.85M | $29.75M | $32.89M | $29.40M | $38.08M | $54.39M | $55.30M | $53.41M | $92.88M | $79.96M | $97.44M | $101.85M | $73.44M | $57.48M | $117.67M | $111.16M | $130.98M | $149.44M | $170.50M | $180.99M |
| Operating margin | 24.8% | 14.4% | 14.9% | 13.6% | 17.7% | 22.8% | 21.1% | 19.3% | 29.1% | 26.2% | 28.7% | 26.2% | 18.5% | 13.7% | 20.8% | 19.4% | 21.1% | 22.3% | 22.8% | 22.6% |
| EBITDA | $68.15M | $55.19M | $60.23M | $55.04M | $88.58M | $87.83M | $92.67M | $93.04M | $137.06M | $125.67M | $154.51M | $169.92M | $130.07M | $132.37M | $215.77M | $219.66M | $246.82M | $265.23M | $289.38M | $321.33M |
| EBITDA margin | 36.0% | 26.7% | 27.3% | 25.5% | 41.1% | 36.8% | 35.4% | 33.6% | 42.9% | 41.2% | 45.5% | 43.7% | 32.7% | 31.5% | 38.2% | 38.3% | 39.8% | 39.6% | 38.7% | 40.1% |
| EBIT | $46.85M | $32.33M | $36.19M | $29.40M | $58.83M | $55.12M | $58.05M | $56.44M | $97.56M | $83.34M | $108.22M | $119.42M | $73.16M | $63.88M | $124.15M | $123.19M | $140.39M | $157.09M | $174.33M | $206.00M |
| Interest expense | — | $13.01M | $14.73M | $15.97M | $17.68M | $19.68M | $20.18M | $19.92M | $20.79M | $22.19M | $21.84M | $22.93M | $24.33M | $31.80M | $54.26M | $54.34M | $58.06M | $66.14M | $71.39M | $91.07M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $38.58M | $19.32M | $21.46M | $15.17M | $24.41M | $20.88M | $22.32M | $22.38M | $51.81M | $37.88M | $52.84M | $59.20M | $38.77M | $23.40M | $61.52M | $60.48M | $73.83M | $84.99M | $93.97M | $102.58M |
| Net income growth (YoY) | — | -49.9% | +11.1% | -29.3% | +60.9% | -14.5% | +6.9% | +0.3% | +131.4% | -26.9% | +39.5% | +12.0% | -34.5% | -39.6% | +162.9% | -1.7% | +22.1% | +15.1% | +10.6% | +9.2% |
| Profit margin | 20.4% | 9.4% | 9.7% | 7.0% | 11.3% | 8.7% | 8.5% | 8.1% | 16.2% | 12.4% | 15.6% | 15.2% | 9.7% | 5.6% | 10.9% | 10.5% | 11.9% | 12.7% | 12.6% | 12.8% |