H2O America

H2O America

HTO
H2O AmericaUS flagNASDAQ Global Market
63.81
USD
-0.71
- -
2.23BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
14
15.8
14.98
16.62
18.98
18.75
14.78
19.79
19.38
20.48
21.23
22.89
22.87
23.39
Basic EPS, GAAP
1.13
2.56
1.86
2.59
2.89
1.83
0.82
2.16
2.04
2.44
2.69
2.87
2.93
3.05
Free Cash Flow per Basic Share
-1.7
-1.86
-0.6
-1.52
-2.5
-2.69
-1.86
-3.89
-4.18
-2.58
-3.16
-5.66
-7.95
-6.76
Dividend per Share
0.73
0.75
0.78
0.81
1.04
1.09
1.2
1.28
1.36
1.44
1.52
1.59
1.68
1.64
Book Value per Share
12.88
14.4
14.84
16.56
18.34
18.57
13.47
14.31
14.47
15.13
15.69
16.43
16.6
16.3
Tangible Book Value per Share
15.31
17.12
18.08
19.45
21.89
41.1
8.03
8.9
12.61
14.34
17.41
20.93
24.55
22.96
Basic Weighted Avg Shares
20
20
20
20
21
21
28
29
30
30
32
33
35
34
Sales/Revenue/Turnover
277
320
305
340
389
398
420
565
574
621
670
748
801
789
Operating Margin (%)
19.29
29.05
26.21
28.68
26.17
23.15
17.42
20.84
18.46
20.1
22.29
22.78
22.17
23.05
Depreciation Expense
37
39
42
46
51
57
68
92
96
106
108
115
120
117
Net Income, GAAP
22
52
38
53
59
39
23
62
60
74
85
94
103
103
Effective Tax Rate (%)
38.71
32.52
38.05
38.83
36.68
20.61
26.35
11.99
12.16
10.32
6.55
8.71
10.75
9.79
Profit Margin (%)
8.08
16.21
12.42
15.55
15.21
9.75
5.57
10.9
10.54
11.89
12.68
12.56
12.81
13.03
Working Capital
-20
23
-6
36
-18
339
-113
-223
-69
-110
-145
-70
-83
-114
LT Debt
335
384
377
433
431
431
1,284
1,288
1,493
1,492
1,527
1,707
1,867
1,692
Total Equity
321
360
384
422
463
889
890
917
1,035
1,111
1,233
1,367
1,541
1,466
Return on Invested Capital (%)
4.99
8.7
6.35
7.13
7.2
6.24
2.89
4.35
3.66
4.15
4.87
5.05
4.72
5.13
Return on Capital (%)
5.69
10.11
7.34
8.81
8.88
6.61
3.41
5.82
5.45
6.09
6.74
6.9
6.8
7.13
Return on Common Equity (%)
8.94
18.97
12.76
16.5
16.57
10.07
6.02
15.55
14.46
16.65
17.82
18.2
18.34
19.55

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
123
171
180
LT Borrowings
1,707
1,691
1,692
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
34
35
Market Capitalization
1,609
1,812
1,752

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
191
197
200
Cash, Cash Equivalents & STI
11
24
20
Accounts Receivable, Net
69
66
77
Inventories
- -
- -
- -
Total Current Liabilities
261
297
314
Payables & Accruals
114
100
114
ST Debt
123
171
180
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.96%
10.95%
12.71%
Free Cash Flow
46.94%
27.63%
50.23%
Net Income, GAAP
19.54%
11.04%
9.16%
Sales/Revenue/Turnover
10.45%
7.29%
6.97%
Total Cash Common Dividend
14.59%
9.95%
12.49%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
149
176
225
198
748
2025
168
198
194
- -
801
2026
183
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
0.64
1.17
0.69
2.87
2025
0.49
0.71
0.45
- -
2.93
2026
0.5
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.4
0.4
0.4
1.59
2025
0.42
0.42
0.42
- -
1.68
2026
0.42
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Andrew F. Walters
Full Time Employees
837
Sector
Utilities
Industry
Regulated Water
Address
110 West Taylor Street San Jose CA United States of America 95110
IPO Date
Jun 1, 1972
Business
H2O America, formerly SJW Group, operates as a holding company that, through its subsidiaries, provides water utility and other related services across the United States; the company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services, supplying groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District. It offers non-tariffed services including water system operations, maintenance agreements, antenna site leases, contracted services, sewer operations, and other water-related services; additionally, it provides a Linebacker protection plan for public drinking water customers in Connecticut and Maine, alongside real estate services encompassing property management, investment activity, undeveloped land holdings in California, and commercial properties and parcels in Connecticut. H2O America delivers water services to approximately 232,000 connections serving about one million people in portions of San Jose, Cupertino, Campbell, Monte Sereno, Saratoga, Los Gatos, and adjacent Santa Clara County territories in California; approximately 142,000 connections serving 463,000 people across 81 municipalities in Connecticut and Maine covering 275 square miles plus 3,000 wastewater connections in Southbury, Connecticut; and roughly 29,000 connections serving 88,000 people over 271 square miles between San Antonio and Austin in Texas, with about 1,000 wastewater connections. Founded in 1985 and headquartered at 110 West Taylor Street in San Jose, California, the company changed its name from SJW Group to H2O America in May 2025. Recent strategic expansions include its Texas Water Company subsidiary's July 2025 announcement to acquire over 140,000 water and wastewater connections in the greater Houston area from Quadvest in a USD 540 million asset purchase transaction, enhancing exposure to high-growth markets; followed in August 2025 by the acquisition of Cibolo Valley wastewater assets from South Central Water Company, more than doubling Texas wastewater connections to over 2,700 active and under-contract while integrating billing and operations for efficiency, with filings planned using Texas Fair Market Value for a targeted close in Q4 2026.

Company News

APIChatGPT
  • H2O America to Report Second Quarter 2026 Financial Results on July 27

  • A Top H2O America Holder Bought More Stock After an 18% Run

  • H2O America Appoints Michael Ambrozewicz as Vice President of Communications

  • My Top 5 Dividend Stocks For May

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  • Water Utility Up Just 8% in a Year Faces $28 Million Position Cut

  • H2O America: Dividend King Selling At A Discount To Fair Market Value

  • H2O America (HTO) Q1 2026 Earnings Call Transcript

  • H2O America Announces First Quarter 2026 Financial Results

  • Best Dividend Kings: April 2026

  • State of Alaska Department of Revenue Makes New Investment in H2O America $HTO

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  • SG Americas Securities LLC Makes New $1.38 Million Investment in H2O America $HTO

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  • Exchange Traded Concepts LLC Purchases Shares of 45,098 H2O America $HTO

  • Brokerages Set H2O America (NASDAQ:HTO) Target Price at $62.00

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