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Nasdaq · Utilities

H2O AMERICA (HTO)

As-reported financials and SEC filings for H2O AMERICA. The latest annual period is FY2025. The latest reported quarter is Q1 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About H2O AMERICA

H2O America is a holding company that provides water and wastewater services through its subsidiaries. Its main subsidiaries include San Jose Water Company, Connecticut Water Service, and The Texas Water Company, which serve customers in California, Connecticut, Maine, and Texas. The company operates regulated water utilities and also offers contract water and sewer operations, property management, and insurance risk management services.

Snapshot

Revenue
$800.6M
Revenue growth (YoY)
8.7%
Net income
$102.6M
Diluted EPS
$2.92
Gross margin
Operating margin
22.2%
Net margin
12.8%
FCF margin
ROE
6.7%
net income / fiscal-year-end equity
P/E
22.4×
trailing when available, otherwise FY EPS
Market cap
$2.66B
Long-term debt / equity
1.21×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at H2o America

  • Revenue grew 8.7% to $801M in FY2025, in line with the 9.8% the year before.
  • Operating margin is 22.2% in FY2025, +2.3 pp against 19.9% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $179M, up 8.8% from Q1 FY2025.
  • Net income rose 9.2% to $103M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where H2o America’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin22.2%
56th percentile of 86
Net margin12.8%
56th percentile of 91
Revenue growth (YoY)+8.7%
46th percentile of 94
ROE6.7%
27th percentile of 89
P/E22.4×
62nd percentile of 83
Long-term debt / equity1.21×
49th percentile of 84
Short interest14.05d
97th percentile of 98

2 reported insider purchases (code P) totaling $302,227 in the last 90 days, against 1 sale totaling $102,399. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$159.5M
reported long value
InvestorAs ofPosition valueSharesChange
Soros Fund ManagementQ2 2026$76.2M1.3MAdded
Two Sigma InvestmentsquantQ2 2026$49.0M806.5KAdded
AQR Capital ManagementquantQ2 2026$13.1M215.9KAdded
D. E. ShawquantQ2 2026$8.2M135.5KAdded
Point72 Asset ManagementquantQ2 2026$6.9M114.2KReduced
Renaissance TechnologiesquantQ2 2026$3.2M53.2KReduced
Citadel AdvisorsquantQ2 2026$1.6M26.2KReduced
Millennium ManagementquantQ2 2026$1.1M18.2KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
2
1 insider
Bought (90d)
$302K
code P value
Sells (90d)
1
$102K
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-07
filed 2026-07-08
ATLAS Infrastructure Partners (UK) Ltd.10% ownerBuy2.8K$62.03$173K
2026-07-01
filed 2026-07-02
ATLAS Infrastructure Partners (UK) Ltd.10% ownerBuy2.1K$60.76$130K
2026-07-01
filed 2026-07-02
ATLAS Infrastructure Partners (UK) Ltd.10% ownerSell1.7K$60.73$102K
2026-04-10
filed 2026-04-22
GIP ATLAS Holdings Ltd10% ownerBuy50.4K$59.06$3.0M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.9M
settled 2026-08-14
Change vs prior
-4.3%
vs previous settlement
Days to cover
14.05
at avg daily volume
Avg daily volume
346.2K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.9M-4.3%14.05
2026-07-315.1M-4.1%10.13
2026-07-155.3M-2.5%10.15
2026-06-305.4M+8.5%10.13
2026-06-155.0M+4.1%12.77
2026-05-294.8M+0.6%10.20
2026-05-154.8M-1.3%10.41
2026-04-304.8M+1.5%6.89

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$800.6M$736.3M$670.4M$586.9M$559.6M
Gross profit
Operating income$177.5M$170.5M$149.4M$131.0M$111.2M
Net income$102.6M$94.0M$85.0M$73.8M$60.5M
Diluted EPS$2.92$2.87$2.68$2.43$2.03

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
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$5.15B$4.66B$4.35B$3.76B$3.49B
Current liabilities$273.4M$261.2M$343.0M$268.3M$203.3M
Long-term debt$1.87B$1.71B$1.53B$1.49B$1.49B
Total liabilities$3.61B$3.29B$3.11B$2.64B$2.46B
Total equity$1.54B$1.37B$1.23B$1.11B$1.03B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$244.8M$195.5M$190.8M$166.2M$130.0M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$179.3M8.8%$19.0M$0.49
Q4 FY2025$194.4M-1.1%$16.2M$0.45
Q3 FY2025$243.5M12.4%$45.1M$1.27
Q2 FY2025$197.8M14.3%$24.7M$0.71
Q1 FY2025$164.9M9.9%$16.6M$0.49
Q4 FY2024$196.5M20.5%$22.9M$0.68
Q3 FY2024$216.7M2.3%$38.7M$1.17
Q2 FY2024$173.1M8.4%$20.7M$0.64

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorUtilities
SIC industryWater Supply
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ1 FY2026 (ended March 31, 2026)
Oldest indexed filing2014
SEC CIK766829

Selected SEC filings

10-Q2026-07-28
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
8-K2026-07-27
View on EDGAR →
8-K2026-06-12
View on EDGAR →
8-K2026-05-19
View on EDGAR →
8-K2026-04-28
View on EDGAR →

Largest Utilities peers

All Utilities companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.