H2O America (HTO) financials
H2O America revenue and earnings by year
H2O America's revenue was $801 million in the fiscal year to December 31, 2025, up 7.0% from the year before. Net income was $103 million, 12.8% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 10.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 801 | 748 | 670 | 621 | 574 | 565 | 420 | 398 | 389 | 340 |
| Revenue growth | 7.0% | 11.6% | 8.0% | 8.2% | 1.6% | 34.3% | 5.7% | 2.2% | 14.6% | — |
| Gross profit | 419 | 389 | 354 | 325 | 288 | 287 | 205 | 196 | 199 | 184 |
| Gross margin | 52.3% | 52.0% | 52.8% | 52.3% | 50.1% | 50.8% | 48.8% | 49.2% | 51.1% | 54.0% |
| Operating income | 178 | 171 | 149 | 131 | 111 | 118 | 57 | 73 | 102 | 97 |
| Operating margin | 22.2% | 22.8% | 22.3% | 21.1% | 19.4% | 20.8% | 13.7% | 18.5% | 26.2% | 28.7% |
| Net income | 103 | 94 | 85 | 74 | 60 | 62 | 23 | 39 | 59 | 53 |
| Net margin | 12.8% | 12.6% | 12.7% | 11.9% | 10.5% | 10.9% | 5.6% | 9.7% | 15.2% | 15.6% |
| Diluted EPS | $2.92 | $2.87 | $2.68 | $2.43 | $2.03 | $2.14 | $0.82 | $1.82 | $2.86 | $2.57 |
| Free cash flow | -275 | -145 | -124 | -78 | -106 | -111 | -53 | -57 | -11 | -31 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open HTO in Markets.
See also: HTO valuation and P/E history · HTO returns
No forecast, no recommendation. This page describes H2O America from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.