H2O America

As of June 30, 2026, H2O America carries a market capitalization of 2.06B, placing it among publicly traded companies globally. Its enterprise value stands at 3.62B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

H2O America's next confirmed earnings release is scheduled for October 26, 2026.

As of June 30, 2026, H2O America has 41.85M shares outstanding.

As of June 30, 2026, H2O America trades at a trailing price-to-earnings ratio of 24.44. The price-to-sales ratio is 2.69, and the price-to-book ratio stands at 1.28.

As of June 30, 2026, H2O America trades at an EV/EBITDA multiple of 14.51 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 5.27 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 26.34 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. These enterprise value multiples are built on an enterprise value of 3.62B versus a market cap of 2.06B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, H2O America maintains a current ratio of 1.67, meaning it holds 1.7x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 102.58, indicating elevated leverage, while an interest coverage ratio of 3.90 demonstrates adequate ability to service its debt obligations.

Over the twelve months ended June 30, 2026, H2O America posted a return on equity (ROE) of 5.34, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 4.01 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 1.70, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 4.34, useful for judging operating efficiency across full business cycles. The company generates approximately 825,884.02 in revenue per employee across its workforce of 833.25, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, H2O America recorded 9.16M in income tax expense. That works out to an effective tax rate of 10.79, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 84.87M, leaving 75.71M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

These figures are as of the close on August 7, 2026.

Over the twelve months ended June 30, 2026, H2O America generated 688.17M in revenue and converted that into 75.71M in net income, yielding earnings per share of 1.99. EBITDA reached 249.79M, while operating income came in at 137.58M.

As of June 30, 2026, H2O America holds 91.12M in cash and equivalents against 1.66B in total debt, resulting in a net debt position of 1.56B. Total book value stands at 1.61B, with working capital of 103.77M providing operational flexibility.

H2O America produced 200.27M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -437.54M in capital expenditures, free cash flow totaled -237.27M - equivalent to -6.31 per share.

Over the twelve months ended June 30, 2026, H2O America posted a gross margin of 56.88, reflecting its pricing power and cost economics. The operating margin of 19.99 and net profit margin of 11.00 provide insight into operational efficiency.

Over the twelve months ended June 30, 2026, H2O America paid dividends of 1.49 per share. The dividend payout ratio of 73.95 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield is negative at -12.67: the business is consuming cash rather than generating it, so any dividend is not covered by free cash flow. Total shareholder yield is negative at -15.30, meaning H2O America raised more capital through share issuance and new debt than it returned via dividends and buybacks.

H2O America's most recent stock split took place on March 17, 2006 with a 1:2 split ratio.

As of June 30, 2026, H2O America has an Altman Z-Score of 0.87, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.