HTO

H2o America Utilities Water Supply Russell 3000
$59.74Close $2.2BMarket cap $43.43 – $64.9752-week range Jan 25, 2027Next report · estimated

Highlights

Cautions

  • Not in an uptrend 5 of 8 trend conditions
  • Earnings shrinking EPS −22% year on year
  • Financial distress Altman Z″ in the distress zone

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Oct 26, 2026
Off 12-month high 8%
1wk up 1.4% price change
1mo down 3.1% price change
12-month return up 34% market up 11% · its own up 22%
F-score — — Not assessed
Altman Z″ 0.94 Elevated risk
P/E 21.0× price / earnings
PEG 10.84 P/E / EPS growth
P/B 1.4× price / book
Earnings yield up 4.4% EBIT / enterprise value
Cheaper than 79% of the market · cheap
Revenue growth up 9% year on year
EPS growth down 22% latest quarter · -9 pts
Sales growth up 4% latest quarter · -1 pts
ROE up 7% return on equity
Free cash margin up 30% $244.8M FCF
D/E 1.21 long-term debt / equity
Net debt / EBITDA 6.2×
Interest cover 2.4×EBIT / interest

Trade setup

ATR% 3.0% $1.78 a day · 2×ATR $56.19
RS 64 / 99 vs the universe
Trend 5 / 8 under the 150/200-day, under the 50-day, RS under 70
Relative volume 7.7× vs 50-day average
Up/down volume 0.74 50 sessions
Implied move — no scheduled report
Trend template · 5 of 8
  • Price above the 150 and 200-day averages: fails
  • 150-day average above the 200-day: passes
  • 200-day average rising for a month: passes
  • 50-day average above the 150 and 200-day: passes
  • Price above the 50-day average: fails
  • At least 30% above the 52-week low: passes
  • Within 25% of the 52-week high: passes
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

3 flagged
  • Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
  • Heavily indebted Net debt is 6.2 times EBITDA — roughly 6 years of earnings before interest, tax and depreciation to repay borrowings in full.
  • Shareholders diluted The share count rose 7.4% over the year, from 34m to 36m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported Oct 26, 2026
Results reaction Oct 26, 2026+2% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $805.6M +9% on FY2024
$0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $549.3M FY2021 · $559.6M FY2022 · $586.9M FY2023 · $678.2M FY2024 · $736.3M FY2025 · $805.6M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $102.6M +9% on FY2024
$0 $200M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $61.5M FY2021 · $60.5M FY2022 · $73.8M FY2023 · $85.0M FY2024 · $94.0M FY2025 · $102.6M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $244.8M +25% on FY2024
$0 $250M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $104.1M FY2021 · $130.0M FY2022 · $166.2M FY2023 · $190.8M FY2024 · $195.5M FY2025 · $244.8M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Net 13%
  • Free cash 30%
0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net 11% · Free cash 19% FY2021 · Net 11% · Free cash 23% FY2022 · Net 13% · Free cash 28% FY2023 · Net 13% · Free cash 28% FY2024 · Net 13% · Free cash 27% FY2025 · Net 13% · Free cash 30%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $1.8B net debt
  • Cash
  • Long-term debt
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $5.3M · Long-term debt $1.3B FY2021 · Cash $10.9M · Long-term debt $1.5B FY2022 · Cash $12.3M · Long-term debt $1.5B FY2023 · Cash $9.7M · Long-term debt $1.5B FY2024 · Cash $11.1M · Long-term debt $1.7B FY2025 · Cash $20.7M · Long-term debt $1.9B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 36.12m +26.5% since FY2020
36.12m 28.56m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 28.56m FY2021 · 30.18m FY2022 · 30.80m FY2023 · 32.02m FY2024 · 33.63m FY2025 · 36.12m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $549.3M $559.6M $586.9M $678.2M $736.3M $805.6M
Operating income $117.7M $111.2M $131.0M $149.4M $170.5M $177.5M
Net income $61.5M $60.5M $73.8M $85.0M $94.0M $102.6M
Net margin 11% 11% 13% 13% 13% 13%
Earnings per share $2.14 $2.03 $2.43 $2.68 $2.87 $2.92
Free cash flow $104.1M $130.0M $166.2M $190.8M $195.5M $244.8M
Free cash margin 19% 23% 28% 28% 27% 30%
Cash $5.3M $10.9M $12.3M $9.7M $11.1M $20.7M
Long-term debt $1.3B $1.5B $1.5B $1.5B $1.7B $1.9B
Shareholders' equity $917.2M $1.0B $1.1B $1.2B $1.4B $1.5B
Shares outstanding 28.56m 30.18m 30.80m 32.02m 33.63m 36.12m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Oct 26, 2026 Quarterly ↗ Sep 30, 2026 26d
Jul 28, 2026 Quarterly ↗ Jun 30, 2026 28d
Apr 29, 2026 Quarterly ↗ Mar 31, 2026 29d
Feb 26, 2026 Annual ↗ Dec 31, 2025 57d
Oct 28, 2025 Quarterly ↗ Sep 30, 2025 28d
Jul 30, 2025 Quarterly ↗ Jun 30, 2025 30d
Apr 29, 2025 Quarterly ↗ Mar 31, 2025 29d
Feb 28, 2025 Annual ↗ Dec 31, 2024 59d
Oct 28, 2024 Quarterly ↗ Sep 30, 2024 28d
Jul 25, 2024 Quarterly ↗ Jun 30, 2024 25d
Apr 26, 2024 Quarterly ↗ Mar 31, 2024 26d
Feb 23, 2024 Annual ↗ Dec 31, 2023 54d

Current reports