H2o America (HTO) Financial Statements
Industry: Water Supply
In fiscal 2025, H2o America reported revenue of $800.6M, up 7.0% from $748.4M the year before. Net income was $102.6M (a 12.8% net margin), or $2.92 per diluted share. Operating margin was 22.2%. Operating activities generated $244.8M of cash. At fiscal year end, H2o America held $5.15B in total assets against $3.61B in total liabilities, including $20.7M of cash and equivalents.
Open the full interactive H2o America financials → Quarterly statements, key ratios, valuation history and price charts.
H2o America Key Stats
| Share Price | $58.49 |
|---|---|
| Market Cap | $2.51B |
| P/E Ratio | 20.0 |
| Revenue YoY Growth | +7.0% |
| 52-Week Range | $43.43 – $64.97 |
| Shares Outstanding | 41.9 million (basic, 2026 Q2) |
H2o America Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $564.5M | $573.7M | $620.7M | $670.4M | $748.4M | $800.6M |
| Operating Income | $117.7M | $111.2M | $131.0M | $149.4M | $170.5M | $177.5M |
| Pre-Tax Income | $69.9M | $68.8M | $82.3M | $90.9M | $102.9M | $114.9M |
| Income Tax | $8.4M | $8.4M | $8.5M | $6.0M | $9.0M | $12.4M |
| Net Income | $61.5M | $60.5M | $73.8M | $85.0M | $94.0M | $102.6M |
| Diluted EPS | $2.14 | $2.03 | $2.43 | $2.68 | $2.87 | $2.92 |
H2o America Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $240.6M | $194.2M | $183.3M | $210.5M |
| Net Income | $45.1M | $16.2M | $19.0M | $26.6M |
| Diluted EPS | $1.27 | $0.46 | $0.49 | $0.62 |
H2o America Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.3M | $10.9M | $12.3M | $9.7M | $11.1M | $20.7M |
| Current Assets | $127.3M | $134.1M | $154.7M | $198.4M | $190.7M | $190.6M |
| Total Assets | $3.31B | $3.49B | $3.63B | $4.35B | $4.66B | $5.15B |
| Current Liabilities | $350.8M | $203.3M | $264.6M | $343.0M | $261.2M | $273.4M |
| Total Long-Term Debt | $1.36B | $1.53B | $1.50B | $1.58B | $1.71B | $1.89B |
| Total Liabilities | $2.39B | $2.46B | $2.52B | $3.11B | $3.29B | $3.61B |
| Shareholders' Equity | $917.2M | $1.03B | $1.11B | $1.23B | $1.37B | $1.54B |
H2o America Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $104.1M | $130.0M | $166.2M | $190.8M | $195.5M | $244.8M |
| Cash From Investing | -$214.3M | -$260.0M | -$244.3M | -$322.3M | -$340.1M | -$520.1M |
| Cash From Financing | $101.5M | $132.8M | $78.4M | $128.8M | $146.0M | $284.9M |
Figures from H2o America's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full H2o America financials page for every line item.
H2o America Company Profile
| Ticker | HTO |
|---|---|
| Exchange | Nasdaq |
| Industry | Water Supply |
| Headquarters | San Jose, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000766829 |
Frequently Asked Questions
What was H2o America's revenue in fiscal 2025?
H2o America (HTO) reported revenue of $800.6M for fiscal 2025.
What is H2o America's annual revenue history?
H2o America's annual revenue by fiscal year: 2020: $564.5M; 2021: $573.7M; 2022: $620.7M; 2023: $670.4M; 2024: $748.4M; 2025: $800.6M.
What was H2o America's net income in fiscal 2025?
H2o America reported net income of $102.6M for fiscal 2025.
What was H2o America's earnings per share (EPS) in fiscal 2025?
H2o America's diluted EPS was $2.92 for fiscal 2025 (adjusted for any later stock splits).
What was H2o America's revenue last quarter?
In its most recent reported quarter (2026 Q2), H2o America reported revenue of $210.5M.
How much debt does H2o America have?
H2o America reported $1.89B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of H2o America are outstanding?
H2o America reported a weighted average of 41.9 million basic shares outstanding in 2026 Q2.
What is H2o America's market cap?
Based on its latest closing price, H2o America (HTO) has a market capitalization of about $2.51B.
When does H2o America's fiscal year end?
H2o America's fiscal year end, as registered with the SEC, is December 31.
Where is H2o America headquartered?
H2o America lists its business address in San Jose, California in its SEC filings.