Filing Flows › H2O America (HTO) › Operating margin
H2O America (HTO) operating margin by quarter
H2O America's operating margin was 24.2% in Q3 2026 (third quarter 2026), +3.9 pts from Q2 2026. Over the last 7 quarters it ranged from 17.1% (Q4 2025) to 26.9% (Q3 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 24.2% | +3.9 pts | -2.7 pts |
| Q2 2026 | 20.3% | -0.1 pts | -1.8 pts |
| Q1 2026 | 20.4% | +3.4 pts | -1.0 pts |
| Q4 2025 | 17.1% | -9.8 pts | — |
| Q3 2025 | 26.9% | +4.7 pts | — |
| Q2 2025 | 22.1% | +0.7 pts | — |
| Q1 2025 | 21.4% | — | — |
Q3 2026 at a glance
H2O America, Q3 2026: revenue $250M (+4% year over year), operating margin 24.2%, net earnings $43.0M, operating cash flow $80.2M. The chart follows the revenue to costs, profit and cash.
Questions
What is H2O America's operating margin?
H2O America's operating margin was 24.2% in Q3 2026 (third quarter 2026), +3.9 pts from Q2 2026.
How has H2O America's operating margin changed?
Over the last 7 quarters it ranged from 17.1% (Q4 2025) to 26.9% (Q3 2025).