Filing Flows › H2O America (HTO) › Q1 2025
H2O America (HTO) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
H2O America (HTO) reported revenue of $168M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -15% from the quarter before. Operating margin was 21.4%, net earnings $16.6M (9.9% of revenue).
H2O America, Q1 2025: revenue $168M (+12% year over year), operating margin 21.4%, net earnings $16.6M, operating cash flow $43.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $168M | -15% | +12% |
| Operating profit | $35.9M | -18% | +29% |
| Net earnings | $16.6M | -28% | +41% |
| Operating cash flow | $43.2M | +4% | -16% |
What changed
Revenue was $167.6M in Q1 2025, up 12% year over year and down 15% from the previous quarter.
Operating profit was $35.9M, a 21.4% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 44% reached operating profit, above the 19% margin then. Total costs grew 8% against revenue growth of 12%. Net earnings were $16.6M, up 41% year over year. The effective tax rate was 17.3%.
Operating cash flow was $43.2M (down 16% year over year), 261% of net earnings. Non-cash charges added back $29.6M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $4.2M.
Questions
What was H2O America's revenue in the first quarter 2025?
H2O America (HTO) reported revenue of $168M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -15% from the quarter before.
Was H2O America profitable in the first quarter 2025?
Operating profit was $35.9M (21.4% of revenue) and net earnings $16.6M.
Source: H2O America 10-Q on SEC EDGAR.