Filing Flows › H2O America (HTO) › How it makes money
How H2O America (HTO) makes money
H2O America (HTO) made $250M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 24¢ was left as operating profit, 17¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $250M | 100.0% |
| Operating profit | $60.5M | 24.2% |
| Income tax | $5.2M | 2.1% |
| Net earnings | $43.0M | 17.2% |
| Operating cash flow | $80.2M | 32.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $250M | +4% |
| Q2 2026 | $210M | +6% |
| Q1 2026 | $183M | +9% |
| Q4 2025 | $194M | -2% |
| Q3 2025 | $241M | +7% |
| Q2 2025 | $198M | +12% |
| Q1 2025 | $168M | +12% |
From H2O America's 10-Q filed Oct 26, 2026 (on EDGAR).
Questions
How does H2O America make money?
H2O America (HTO) made $250M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 24¢ was left as operating profit, 17¢ was left as net earnings.
What is H2O America's profit margin?
Net earnings were $43.0M, 17.2% of revenue, in the third quarter 2026; the operating margin was 24.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.