HA

H2O America

HTOยทNASDAQ

$56.55

+0.80%
UtilitiesRegulated Water

H2O America, through its subsidiaries, provides water utility and other related services in the United States. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from Santa Clara Valley Water District. It also offers non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services, sewer operations, and other water related services; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine. In addition, the company provides water services to approximately 232,000 connections that serve approximately one million people residing in portions of the cities of San Jose and Cupertino and in the cities of Campbell, Monte Sereno, Saratoga and the Town of Los Gatos, and adjacent unincorporated territories in the County of Santa Clara in the State of California; water service to approximately 142,000 service connections, which serve a population of approximately 463,000 people in 81 municipalities with a service area of approximately 275 square miles in Connecticut and Maine and approximately 3,000 wastewater connections in Southbury, Connecticut; approximately 29,000 service connections that serve approximately 88,000 people in a service area comprising more than 271 square miles in the region between San Antonio and Austin, Texas and approximately 1,000 wastewater connections. Further, it owns undeveloped land in California; and commercial properties and parcels of land in Connecticut. The company was formerly known as SJW Group and changed its name to H2O America in May 2025. H2O America was incorporated in 1985 and is headquartered in San Jose, California.

At a Glance

Live Snapshot
Market Cap$1.98B
EPS2.9300
P/E Ratio19.30
Earnings Date07/27/2026
3Y+47.0%
5Y+135.0%
10Y+114.0%
3Y+113.0%
5Y+143.0%
10Y+326.0%
3Y+264.0%
5Y+181.0%
10Y+930.0%
H

H2O America Cash Conversion Engine

HTO ยท NASDAQ
Net Income102.58M
Depreciation & Amortization120.49M
Stock-Based Compensation6.44M
Change in Working Capital16.34M
Others-6.24M
Capital Expenditures-522.90M
Free Cash Flow-278.10M

Cash Flow Quality Analysis

FCF Conversion Rate

-271.1%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

213.6%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-50.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$16.34M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

H2O America Cash Flow Statement

HTO โ€ข NASDAQ

H2O America Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
102.6M
94M
85M
73.8M
60.5M
61.5M
23.6M
38.8M
61.1M
52.8M
37.9M
51.8M
22.4M
22.3M
20.9M
24.4M
15.2M
21.5M
19.3M
38.6M
120.5M
115.1M
108.1M
106.4M
96.5M
91.6M
68.5M
56.9M
50.5M
46.3M
42.3M
39.5M
36.6M
34.6M
32.7M
29.8M
25.6M
24M
22.9M
0.0
5.2M
10.4M
-8.5M
-3.2M
-2.9M
-5.5M
-1.2M
-9.5M
-436K
4.8M
15.6M
26.1M
11.6M
12.2M
16.5M
8.1M
6.3M
6.1M
-1.8M
10.8M
6.4M
5.6M
4.6M
4.8M
4.2M
3.6M
3.4M
2.1M
2.6M
1.7M
1.6M
1M
912K
564K
651K
812K
897K
601K
655K
0.0
-6.2M
-25.7M
-2.1M
-7.7M
-11.1M
-7.2M
-909K
414K
-19.4M
-13.6M
-1.9M
-2.6M
-1.1M
-910K
23K
-15.4M
0.0
-1.2M
0.0
5.8M
(3.2M)
(0.0)
(23M)
(6.9M)
(8.5M)
(10.4M)
(16.4M)
(13.8M)
(34.1M)
(27.5M)
(9.7M)
(6.3M)
(4.2M)
(1.4M)
(2.9M)
-15.3M
(2.3M)
(6.3M)
(15M)
(17.2M)
16.3M
-3.8M
3.7M
-7.9M
-17.2M
-39.9M
36.6M
2.6M
6.7M
22.6M
2.6M
-49.9M
-7M
5.5M
-6.5M
-10.5M
6.5M
832K
977K
-10.7M
244.8M
195.5M
190.8M
166.2M
130M
104.1M
130M
91.3M
101.1M
114.6M
98.2M
65.9M
63.4M
74.4M
64.2M
37.2M
54.5M
51.8M
42M
44.5M
INVESTING ACTIVITIES
(0.0)
-380.6M
-290.7M
-244.2M
-253.8M
-215M
-182.9M
-148.3M
-152.4M
-145.6M
-110.4M
-103.5M
-97M
-106.8M
-71.6M
-100.7M
-58.6M
-71.5M
-74.4M
-71.8M
(0.0)
(0.0)
-7.5M
-433K
-23.6M
(1.2M)
-834.7M
(1.6M)
-1.1M
-1.1M
-991K
-1.8M
-3.3M
-2.3M
-4M
-3.5M
(0.0)
(0.0)
(0.0)
(4.1M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-116K
-328K
-1.1M
-13K
-4.2M
-678K
-156K
(0.0)
(0.0)
(0.0)
-48.2M
(0.0)
2.8M
0.0
0.0
0.0
0.0
0.0
0.0
4.1M
0.0
4.5M
1.9M
3.1M
0.0
0.0
0.0
33.9M
0.0
0.0
0.0
0.0
-522.9M
40.5M
-24M
344K
17.4M
-435K
-137K
-4.2M
39.8M
20.3M
0.0
4.6M
8.8M
5.5M
43K
-4.5M
-5.5M
4.9M
31.3M
2.4M
-520.1M
-340.1M
-322.3M
-244.3M
-260M
-214.3M
-1B
-146.8M
-113.9M
-122.1M
-110.6M
-97.6M
-95.8M
-104.2M
-75.7M
-74.8M
-64.2M
-66.7M
-91.4M
-65.3M
FINANCING ACTIVITIES
122.8M
85M
80.7M
39.1M
91M
0.0
-10K
411.4M
0.0
0.0
0.0
0.0
35.9M
0.0
0.0
0.0
0.0
890K
1.3M
10K
149M
83.1M
77.6M
62.4M
58.8M
114M
501.9M
75M
8.1M
14M
20.8M
40.2M
1.7M
11.6M
44.9M
47.4M
16.7M
13.8M
42.3M
14.1M
-58.6M
-52.1M
-47.9M
-43.6M
-40.1M
-36.5M
-34.1M
-23.1M
-21.3M
-16.6M
-15.9M
-15.2M
-14.4M
-13.2M
-12.8M
-12.6M
-12.2M
-11.9M
-11.1M
-10.3M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-10K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
71.7M
30M
18.5M
20.4M
23.1M
24.1M
17.2M
5.1M
8.5M
30.2M
10.4M
6.8M
9M
7.2M
4.4M
3.1M
3.2M
13.1M
15.4M
11.4M
284.9M
146M
128.8M
78.4M
132.8M
101.5M
485M
468.4M
-4.8M
27.7M
15.3M
31.8M
32.1M
5.6M
36.5M
37.9M
7.6M
15.9M
47.9M
15.2M
CASH FLOW SUMMARY
9.6M
1.4M
-2.6M
225K
1.6M
-8.7M
-407.8M
412.9M
-17.6M
20.1M
2.8M
100K
-223K
-24.2M
25M
314K
-2M
1.1M
-1.4M
-5.6M
11.1M
9.7M
12.3M
12.1M
9.3M
17.9M
420.7M
7.8M
25.4M
5.2M
2.4M
2.3M
2.5M
26.7M
1.7M
1.4M
3.4M
2.4M
3.8M
9.4M
20.7M
11.1M
9.7M
12.3M
10.9M
9.3M
12.9M
420.7M
7.8M
25.4M
5.2M
2.4M
2.3M
2.5M
26.7M
1.7M
1.4M
3.4M
2.4M
3.8M
-278.1M
-185.1M
-99.9M
-78M
-123.8M
-110.9M
-52.9M
-57M
-51.3M
-31M
-12.3M
-37.6M
-33.6M
-32.4M
-7.4M
-63.5M
-9.6M
-19.7M
-32.3M
-27.2M

SEC Filings

HTO - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 19, 2026
May 13, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 29, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 28, 2026
April 28, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 03, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 04, 2026
March 04, 2026
2026
8-K

8-K 2026

N/A

March 02, 2026
March 02, 2026
2026
10-K

10-K 2025 FY

FY

February 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 25, 2026
February 25, 2026
2026
8-K

8-K 2025

N/A

December 29, 2025
December 29, 2025
2025
8-K

8-K 2025

N/A

December 15, 2025
December 09, 2025
2025
Showing 1 to 10 of 416 filings