H2O AMERICA
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $800.6M | $748.4M | $670.4M | $620.7M | $573.7M |
| Operating income | $177.5M | $170.5M | $149.4M | $131.0M | $111.2M |
| Interest expense | — | — | $66.1M | $58.1M | $54.3M |
| Pretax income | $114.9M | $102.9M | $90.9M | $82.3M | $68.8M |
| Income tax expense | $12.4M | $9.0M | $6.0M | $8.5M | $8.4M |
| Net income | $102.6M | $94.0M | $85.0M | $73.8M | $60.5M |
| Balance Sheet | |||||
| Cash and equivalents | $20.7M | $11.1M | $9.7M | $12.3M | $10.9M |
| Current assets | $190.6M | $190.7M | $198.4M | $158.4M | $134.1M |
| Total assets | $5.1B | $4.7B | $4.3B | $3.8B | $3.5B |
| Current liabilities | $273.4M | $261.2M | $343.0M | $268.3M | $203.3M |
| Stockholders' equity | $1.5B | $1.4B | $1.2B | $1.1B | $1.0B |
| Cash Flow Statement | |||||
| Cash from operations | $244.8M | $195.5M | $190.8M | $166.2M | $130.0M |
| Depreciation and amortization | $120.5M | $115.0M | $108.1M | $106.4M | $96.5M |
| Stock-based compensation | $6.4M | $5.6M | $4.6M | $4.8M | $4.2M |
| Capital expenditure | $48.1M | $41.7M | $35.9M | $22.6M | $20.6M |
| Free cash flow | $196.7M | $153.8M | $154.9M | $143.6M | $109.5M |
| Dividends paid | $58.6M | $52.1M | $47.9M | $43.6M | $40.1M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 41.8M · Free float 71.1%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.