H2O America Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	816.28	800.59	748.44	670.36	620.7	573.69
Revenue Growth (YoY)	6.47%	6.97%	11.65%	8.00%	8.20%	1.62%
Fuel and Purchased Power Expense	318.62	311.16	292.02	256.2	232.79	229.08
Operations and Maintenance Expenses	161.82	158.89	137.13	124.39	126.14	113.36
Gross Profit	335.85	330.54	319.29	289.78	261.77	231.24
Depreciation & Amortization Expenses	119.35	115.32	112.86	105.87	104.42	94.4
Taxes Other than Income Tax	37.45	37.69	35.93	34.48	32.57	30.96
Other Operating Expenses	-	-	-	-	-6.2	-5.28
Operating Income	179.06	177.53	170.5	149.44	130.98	111.16
Interest Expense	-73.14	-72.58	-71.39	-66.14	-58.06	-54.34
Other Non-Operating Income (Expense)	11.4	9.98	3.82	7.65	9.41	12.03
Total Non-Operating Income (Expense)	-61.74	-62.59	-67.57	-58.49	-48.65	-42.31
Pretax Income	117.32	114.93	102.94	90.94	82.32	68.85
Provision for Income Taxes	12.28	12.36	8.97	5.96	8.5	8.37
Net Income	105.04	102.58	93.97	84.99	73.83	60.48
Net Income to Common	105.04	102.58	93.97	84.99	73.83	60.48
Net Income Growth	6.30%	9.16%	10.57%	15.12%	22.07%	-1.69%
Shares Outstanding (Basic)	36	35	33	32	30	30
Shares Outstanding (Diluted)	36	35	33	32	30	30
Shares Change (YoY)	9.21%	7.09%	3.53%	4.07%	2.31%	3.66%
EPS (Basic)	2.93	2.93	2.87	2.69	2.44	2.04
EPS (Diluted)	2.92	2.92	2.87	2.68	2.43	2.03
EPS Growth	-2.01%	1.74%	7.09%	10.29%	19.70%	-5.14%
Shares Outstanding	41.84	36.12	33.63	32.02	30.8	30.18
Free Cash Flow	-282.59	-274.95	-181.68	-97.8	-75.52	-120.99
Free Cash Flow Per Share	-7.79	-7.83	-5.54	-3.09	-2.48	-4.07
Dividends Per Share	1.700	1.680	1.600	1.520	1.440	1.360
Dividend Growth	1.19%	5.00%	5.26%	5.56%	5.88%	6.25%
Gross Margin	41.14%	41.29%	42.66%	43.23%	42.17%	40.31%
Operating Margin	21.94%	22.17%	22.78%	22.29%	21.10%	19.38%
Profit Margin	12.87%	12.81%	12.56%	12.68%	11.89%	10.54%
FCF Margin	-34.62%	-34.34%	-24.27%	-14.59%	-12.17%	-21.09%
EBITDA	303.68	298.02	285.55	257.57	237.42	207.63
EBITDA Margin	37.20%	37.22%	38.15%	38.42%	38.25%	36.19%
EBIT	179.06	177.53	170.5	149.44	130.98	111.16
EBIT Margin	21.94%	22.17%	22.78%	22.29%	21.10%	19.38%
Effective Tax Rate	10.46%	10.75%	8.71%	6.55%	10.32%	12.16%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q