Filing Flows › York Water (YORW) › Q4 2025
York Water (YORW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 3, 2026
York Water (YORW) reported revenue of $19.5M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -4% from the quarter before. Operating margin was 33.0%, net earnings $5.2M (26.5% of revenue).
York Water, Q4 2025: revenue $19.5M (+3% year over year), operating margin 33.0%, net earnings $5.2M, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.5M | -4% | +3% |
| Operating profit | $6.4M | -19% | -4% |
| Net earnings | $5.2M | -17% | +0.5% |
| Operating cash flow | $8.4M | +8% | -17% |
What changed
Revenue was $19.5M in Q4 2025, up 3% year over year and down 4% from the previous quarter.
Operating profit was $6.4M, a 33.0% margin (down 2.6 points year over year). Operating profit fell $287K even though revenue rose $606K versus a year earlier, so costs grew faster than sales. Total costs grew 7% against revenue growth of 3%. Net earnings were $5.2M, roughly flat year over year. The effective tax rate was -7.0%.
Operating cash flow was $8.4M (down 17% year over year), 163% of net earnings. Non-cash charges added back $3.6M of depreciation and amortization. Capital expenditures of $11.6M exceeded it, leaving free cash flow of −$3.2M.
Questions
What was York Water's revenue in the fourth quarter 2025?
York Water (YORW) reported revenue of $19.5M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -4% from the quarter before.
Was York Water profitable in the fourth quarter 2025?
Operating profit was $6.4M (33.0% of revenue) and net earnings $5.2M.
Source: York Water 10-K on SEC EDGAR.