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H2O America vs American States Water: HTO and AWR compared
H2O America is the larger company: $250M of revenue in its latest quarter (Q3 2026) against $193M for American States Water (Q3 2026). American States Water is growing faster (+5% against +4% a year earlier). American States Water is more profitable, with an operating margin of 35.0% against 24.2%.
Where the money goes: HTO and AWR
H2O America (HTO) · Q3 2026
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.
American States Water (AWR) · Q3 2026
American States Water, Q3 2026: revenue $193M (+5% year over year), operating margin 35.0%, net earnings $42.3M, operating cash flow $85.2M. The chart follows the revenue to costs, profit and cash.
| H2O America (HTO) | American States Water (AWR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $250M | $193M |
| Revenue growth, Y/Y | +4% | +5% |
| Operating margin | 24.2% | 35.0% |
| Net earnings | $43.0M | $42.3M |
| Net margin | 17.2% | 22.0% |
| Operating cash flow | $80.2M | $85.2M |
| Free cash flow | — | $27.2M |
| Market value | — | $3.3B |
| P/E | — | 22.9× |
| Analysts’ mean target | — | $89.00 |
Questions
Which is bigger, H2O America or American States Water?
H2O America is the larger company: $250M of revenue in its latest quarter (Q3 2026) against $193M for American States Water (Q3 2026).
Is H2O America or American States Water growing faster?
American States Water is growing faster (+5% against +4% a year earlier).
Which is more profitable, H2O America or American States Water?
American States Water is more profitable, with an operating margin of 35.0% against 24.2%.
More: H2O America earnings · how H2O America makes money · American States Water earnings · how American States Water makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 26, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.