H2O America (HTO) Financials: History & Chart

H2O America(HTO)

Regulated Water · San Jose, CA

$58.49+0.05 (+0.09%)

Delayed quote: Oct 6, 2026, 12:30 PM EDT

About H2O America

H2O America, operating nationwide via its various subsidiaries, is a key provider of essential water utility and associated services. The company manages the entire water lifecycle, from procuring, storing, and purifying water to its distribution, wholesale, and retail sale, alongside offering wastewater management services. Its water supply is diverse, sourced from groundwater wells, surface water collected through watershed runoff and diversions, reclaimed water, and imported water acquired from the Santa Clara Valley Water District. Beyond its primary utility offerings, H2O America also delivers a suite of non-regulated services. These include the management and maintenance of water systems, various contracted services, leasing opportunities for antenna sites, and other water and sewer operational services. A notable offering is the "Linebacker protection plan," specifically tailored for its public drinking water clients in Connecticut and Maine. The company's extensive service footprint spans several regions. In California, it supplies water to approximately 232,000 connections, benefiting about one million residents in portions of San Jose and Cupertino, as well as the cities of Campbell, Monte Sereno, Saratoga, the Town of Los Gatos, and surrounding unincorporated areas of Santa Clara County. In Connecticut and Maine, H2O America serves roughly 142,000 connections, providing water to an estimated 463,000 individuals across 81 municipalities within an approximate 275-square-mile service area. Additionally, it oversees around 3,000 wastewater connections in Southbury, Connecticut. Further south, in the corridor between San Antonio and Austin, Texas, the company services approximately 29,000 water connections for about 88,000 people across an area exceeding 271 square miles, supplemented by approximately 1,000 wastewater connections. H2O America also holds various real estate assets, including undeveloped land in California and both commercial properties and land parcels situated in Connecticut. The company, which was incorporated in 1985 and is headquartered in San Jose, California, was previously known as SJW Group before officially rebranding to H2O America in May 2025.

San Jose, CA

837 employees

www.h2o-america.com

Utilities / Regulated Water

Sector: Utilities
Industry: Regulated Water
CEO: Andrew F. Walters

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Financials

SEC Filings

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	828.50M	210.47M	183.29M	194.19M	240.55M	198.25M	167.60M	197.82M	225.06M
Cost of Goods Sold	360.77M	85.48M	66.42M	102.53M	106.34M	88.34M	66.47M	82.27M	104.22M
Gross Profit	467.73M	124.99M	116.87M	91.66M	134.21M	109.92M	101.13M	115.55M	120.84M
Gross Profit Margin	56.5%	59.4%	63.8%	47.2%	55.8%	55.4%	60.3%	58.4%	53.7%
Total Operating Expenses	289.37M	82.24M	79.44M	58.10M	69.59M	66.05M	65.24M	71.88M	62.49M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	150.21M	33.63M	47.14M	38.14M	31.31M	28.80M	27.76M	33.87M	25.71M
Operating Income (EBIT)	178.36M	42.75M	37.43M	33.55M	64.63M	43.87M	35.90M	43.67M	58.35M
Operating Margin	21.5%	20.3%	20.4%	17.3%	26.9%	22.1%	21.4%	22.1%	25.9%
Income Before Tax (EBT)	118.54M	30.57M	22.41M	14.64M	50.92M	29.34M	20.02M	24.01M	40.58M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	72.97M	17.95M	18.84M	18.28M	17.90M	18.12M	18.27M	18.00M	17.52M
Other Income/Expense	-59.82M	-12.19M	-15.02M	-18.91M	-13.70M	-14.52M	-15.87M	-19.66M	-17.77M
Net Income	106.95M	26.59M	19.01M	16.22M	45.13M	24.68M	16.55M	22.92M	38.65M
Income Tax Expense	11.59M	3.98M	3.39M	-1.58M	5.79M	4.67M	3.47M	1.09M	1.93M
Net Profit Margin	12.9%	12.6%	10.4%	8.4%	18.8%	12.4%	9.9%	11.6%	17.2%
EBITDA	301.09M	74.89M	69.73M	63.08M	93.39M	73.84M	65.53M	72.91M	86.32M
EBITDA Margin	36.3%	35.6%	38.0%	32.5%	38.8%	37.2%	39.1%	36.9%	38.4%
Depreciation & Amortization	122.73M	32.13M	32.31M	29.53M	28.77M	29.98M	29.63M	29.24M	27.96M
EPS Basic	2.86	0.64	0.50	0.45	1.27	0.71	0.49	0.69	1.17
EPS Diluted	2.84	0.63	0.49	0.45	1.27	0.71	0.49	0.68	1.17
Weighted Average Basic Shares	39.90M	39.90M	37.93M	35.88M	35.54M	34.78M	33.78M	33.42M	32.90M
Weighted Average Diluted Shares	40.90M	40.90M	38.55M	36.01M	35.64M	34.86M	33.87M	33.52M	32.98M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	800.59M	748.44M	670.36M	620.70M	573.69M	564.53M	420.48M	397.70M
Cost of Goods Sold	426.48M	323.32M	281.93M	263.52M	255.11M	247.95M	196.27M	187.14M
Gross Profit	374.11M	425.12M	388.43M	357.17M	318.57M	316.58M	224.21M	210.56M
Gross Profit Margin	46.7%	56.8%	57.9%	57.5%	55.5%	56.1%	53.3%	52.9%
Total Operating Expenses	193.12M	254.61M	239.00M	226.20M	207.41M	198.91M	166.73M	137.12M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	151.25M	105.83M	98.66M	95.40M	87.33M	79.74M	66.30M	48.93M
Operating Income (EBIT)	180.99M	170.50M	149.44M	130.98M	111.16M	117.67M	57.48M	73.44M
Operating Margin	22.6%	22.8%	22.3%	21.1%	19.4%	20.8%	13.7%	18.5%
Income Before Tax (EBT)	114.93M	102.94M	90.94M	82.32M	68.85M	69.89M	32.08M	48.83M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	6.54M	155K
Interest Expense	91.07M	71.39M	66.14M	58.06M	54.34M	54.26M	31.80M	24.33M
Other Income/Expense	-66.06M	-67.57M	-58.49M	-48.65M	-42.31M	-47.77M	-25.40M	-24.61M
Net Income	102.58M	93.97M	84.99M	73.83M	60.48M	61.52M	23.40M	38.77M
Income Tax Expense	12.36M	8.97M	5.96M	8.50M	8.37M	8.38M	8.45M	10.06M
Net Profit Margin	12.8%	12.6%	12.7%	11.9%	10.5%	10.9%	5.6%	9.7%
EBITDA	296.31M	285.55M	257.57M	237.42M	207.63M	209.29M	125.97M	130.35M
EBITDA Margin	37.0%	38.2%	38.4%	38.3%	36.2%	37.1%	30.0%	32.8%
Depreciation & Amortization	115.32M	115.05M	108.14M	106.44M	96.47M	91.62M	68.49M	56.91M
EPS Basic	2.93	2.80	2.69	2.44	2.04	2.16	0.82	1.83
EPS Diluted	2.92	2.79	2.68	2.43	2.03	2.14	0.82	1.82
Weighted Average Basic Shares	35.88M	33.60M	31.57M	30.30M	29.60M	28.52M	28.44M	21.21M
Weighted Average Diluted Shares	36.01M	33.69M	31.66M	30.42M	29.74M	28.70M	28.56M	21.33M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.