HTO (H2O America) Stock Financials & Earnings | Market Cap Arena

HTO (H2O America) Stock Financials & Earnings | Market Cap Arena

HTOH2O America

Mkt Cap$2B

Utilities·Regulated Water·🇺🇸 United States·NASDAQ

Revenue (TTM)$801M

Net Income (TTM)$103M

EPS (TTM)$2.92

Free Cash Flow (TTM)-$58M

Gross Margin54.6%

Op. Margin22.2%

Net Margin12.8%

FCF Margin-7.2%

P/S Ratio (TTM)2.6x

P/E Ratio (TTM)20.4x

YoY Rev Growth+7.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$137M	$84M	$25M
Q2 23	$157M	$89M	$31M
Q3 23	$205M	$116M	$57M
Q4 23	$171M	$100M	$36M
Q1 24	$149M	$91M	$28M
Q2 24	$176M	$98M	$41M
Q3 24	$225M	$121M	$58M
Q4 24	$198M	$116M	$44M
Q1 25	$168M	$101M	$36M
Q2 25	$198M	$110M	$44M
Q3 25	$241M	$134M	$65M
Q4 25	$194M	$92M	$34M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.3x	25.7x
Q2 23	3.3x	23.7x
Q3 23	3.1x	21.0x
Q4 23	3.1x	24.6x
Q1 24	3.1x	24.6x
Q2 24	3.0x	23.9x
Q3 24	2.9x	23.3x
Q4 24	2.8x	22.3x
Q1 25	2.7x	21.2x
Q2 25	2.7x	20.4x
Q3 25	2.6x	19.2x
Q4 25	2.6x	20.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$51M	-$5M
Q2 23	$47M	-$23M
Q3 23	$62M	-$23M
Q4 23	$32M	-$49M
Q1 24	$51M	-$23M
Q2 24	$49M	-$48M
Q3 24	$54M	-$48M
Q4 24	$41M	-$66M
Q1 25	$43M	-$42M
Q2 25	$61M	-$72M
Q3 25	$77M	$295M
Q4 25	$64M	-$239M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$55M
Q2 23	$70M
Q3 23	$85M
Q4 23	$80M
Q1 24	$74M
Q2 24	$97M
Q3 24	$102M
Q4 24	$107M
Q1 25	$85M
Q2 25	$133M
Q3 25	$218M
Q4 25	$303M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+10.5%	+4.1%
Q2 23	+5.3%	+2.5%
Q3 23	+16.4%	+7.1%
Q4 23	-0.0%	+11.5%
Q1 24	+8.8%	+8.3%
Q2 24	+12.3%	+7.9%
Q3 24	+9.9%	+12.5%
Q4 24	+15.5%	+14.3%
Q1 25	+12.2%	+8.4%
Q2 25	+12.5%	+13.9%
Q3 25	+6.9%	+5.5%
Q4 25	-1.8%	+4.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$1M	0.9%
Q2 23	$1M	0.7%
Q3 23	$1M	0.6%
Q4 23	$1M	0.6%
Q1 24	$2M	1.0%
Q2 24	$1M	0.7%
Q3 24	$2M	0.7%
Q4 24	$1M	0.6%
Q1 25	$1M	0.7%
Q2 25	$1M	0.7%
Q3 25	$2M	0.8%
Q4 25	$2M	0.9%

OpEx Breakdown

Quarter	G&A
Q1 23	$24M
Q2 23	$24M
Q3 23	$24M
Q4 23	$27M
Q1 24	$26M
Q2 24	$20M
Q3 24	$26M
Q4 24	$34M
Q1 25	$28M
Q2 25	$29M
Q3 25	$31M
Q4 25	$38M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$23M	$0	$23M
Q2 23	$25M	$0	$25M
Q3 23	$21M	$0	$21M
Q4 23	$10M	$0	$10M
Q1 24	$5M	$0	$5M
Q2 24	$23M	$0	$23M
Q3 24	$4M	$0	$4M
Q4 24	$11M	$0	$11M
Q1 25	$24M	$0	$24M
Q2 25	$20M	$0	$20M
Q3 25	$11M	$0	$11M
Q4 25	$175K	$0	$175K

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	31M	+1.4%
Q2 23	32M	+1.8%
Q3 23	32M	+1.1%
Q4 23	32M	+0.4%
Q1 24	32M	+0.2%
Q2 24	32M	+1.0%
Q3 24	33M	+1.6%
Q4 24	34M	+1.6%
Q1 25	34M	+1.0%
Q2 25	35M	+2.9%
Q3 25	36M	+2.2%
Q4 25	36M	+1.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$809K	395
FY 15	$765K	399
FY 16	$837K	406
FY 17	$947K	411
FY 18	$956K	416
FY 19	$574K	732
FY 20	$755K	748
FY 21	$764K	751
FY 22	$820K	757
FY 23	$830K	808
FY 24	$911K	822
FY 25	$801	1.0M