H2O America (HTO)
H2O America brought in $843.2M of revenue over the twelve months to September 30, 2026, up 4.5% from a year earlier. Net income was $104.9M, a net margin of 12.4%. At September 30, 2026 it held $573M in cash against $1.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 26, 2026.
Key facts about H2O America
- Net worth
- H2O America has a market value (market cap) of $2.6B at the latest share price, and shareholders' equity of $2.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $805.6M (+7.6% year on year), with net income of $102.6M. Over the 12 months to September 30, 2026: revenue $843.2M, net income $104.9M.
- Cash flow
- In fiscal 2025 operations brought in $244.8M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 26, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- H2O America's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- H2O America paid dividends of $1.68 per share in fiscal 2025, a yield of 2.73% at the current price.
What H2O America does
H2O America is registered with the SEC under industry code SIC 4941 (Water Supply). Its shares trade on NASDAQ under the ticker HTO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $805.6M | $102.6M | $2.92 | n/a |
| 2024 | $748.4M | $94M | $2.87 | n/a |
| 2023 | $678.2M | $85M | $2.68 | n/a |
| 2022 | $620.7M | $73.8M | $2.43 | n/a |
| 2021 | $573.7M | $60.5M | $2.03 | n/a |
| 2020 | $564.5M | $61.5M | $2.14 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where HTO ranks in Utilities
Dividends
H2O America paid $1.68 per share in fiscal 2025. At the current price that is a yield of 2.73%. It paid out $58.6M in cash dividends, 57% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.68 | $58.6M | 57% |
| 2024 | $1.60 | $52.1M | 55% |
| 2023 | $1.52 | $47.9M | 56% |
| 2022 | $1.44 | $43.6M | 59% |
| 2021 | $1.36 | $40.1M | 66% |
| 2020 | $1.28 | $36.5M | 59% |
Latest SEC filings
What H2O America has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 3, 2026
- October 29, 2026Form POSASR filing POSASR
- October 27, 2026Passive stake changed SCHEDULE 13G/A
- October 26, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 4% to $253.2M versus the same quarter last year; diluted EPS $0.99 versus $1.27.
- October 26, 2026
- October 1, 2026Acquisition or sale completed8-KH2O America completed the acquisition of Quadvest water and sewer assets for a base purchase price of $540 million.
- September 22, 2026Passive stake changed SCHEDULE 13G/A
- August 19, 2026Passive stake changed SCHEDULE 13G/A
- July 28, 2026Passive stake changed SCHEDULE 13G/A
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 6.2% to $210.5M versus the same quarter last year; diluted EPS $0.62 versus $0.71.
Insider trades
What the people running H2O America did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| July 30, 2026 | Mattern MeganCAO, PAO and Controller | Shares withheld for tax | 1,154 | $71.5K |
| July 1, 2026 | Walters Andrew FChief Executive Officer, Director | Other change | 374 | $22.7K |
| July 1, 2026 | Kelly Ann PCFO and Treasurer | Shares withheld for tax | 88 | $5.3K |
| June 5, 2026 | Walters Andrew FChief Executive Officer, Director | Gave as a gift | 3,508 | - |
| May 13, 2026 | Kruger Denise LDirector | Received as pay | 1,947 | - |
| May 13, 2026 | Hanley Mary AnnDirector | Received as pay | 1,947 | - |
| May 13, 2026 | Wallace Carol PDirector | Received as pay | 1,947 | - |
| May 13, 2026 | Heather HuntDirector | Received as pay | 1,947 | - |
Who owns HTO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| ATLAS Infrastructure Partners (UK) Ltd.13G, passive with 1 related filers | 11.17% | September 22, 2026 |
| Future Fund Board of Guardians13G, passive | 6.2% | March 6, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 314 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 7,106,413 | +688,680 |
| ATLAS Infrastructure Partners (UK) Ltd. | 4,612,035 | +79,951 |
| Wellington Management Group Llp | 1,995,839 | +382,268 |
| ANTIPODES PARTNERS Ltd | 1,759,602 | -489,427 |
| Vanguard Capital Management LLC | 1,574,377 | -112,876 |
| State Street Corp | 1,554,683 | +123,532 |
| Cerity Partners LLC | 1,307,227 | -2,452 |
| Vanguard Portfolio Management LLC | 1,263,898 | +94,820 |
| Soros Fund Management LLC | 1,254,368 | +25,621 |
| Victory Capital Management Inc | 1,168,734 | +256,839 |
| Amundi | 1,105,367 | -51,585 |
| Geode Capital Management, LLC | 992,465 | +95,389 |
| Yaupon Capital Management LP | 851,846 | -43,589 |
| Two Sigma Investments, LP | 806,493 | +556,161 |
| Invesco Ltd. | 776,317 | +75,722 |
| Dimensional Fund Advisors LP | 714,601 | +9,256 |
| Morgan Stanley | 589,652 | -191,549 |
| Legal & General Group Plc | 571,546 | +28,064 |
| Resolution Capital Ltd | 515,795 | +33,335 |
| Zimmer Partners, LP | 513,500 | -487,500 |
Insiders
16 insiders reported holding 9,323,469 shares in total, about $573.9M at the last price.
| Holder | Shares |
|---|---|
| ATLAS Infrastructure Partners (UK) Ltd.10% owner | 4,582,469 |
| GIP ATLAS Holdings Ltd10% owner | 4,582,469 |
| Walters Andrew FChief Executive Officer, Director | 26,461 |
| Hauk Bruce APresident and COO | 16,616 |
| Johnson A KristenChief Administrative Officer | 14,565 |
| Mattern MeganCAO, PAO and Controller | 13,631 |
| Brown Willie D. Jr.VP & Gen Counsel | 13,554 |
| Hanley Mary AnnDirector | 11,583 |
| Heather HuntDirector | 11,238 |
| Wallace Carol PDirector | 11,238 |
Questions about HTO
What does H2O America do?
H2O America is a company in the Utilities sector, listed on NASDAQ as HTO. Its shares trade on NASDAQ under the ticker HTO.
What is H2O America's net worth?
H2O America has a market value (market cap) of $2.6B at the latest share price, and shareholders' equity of $2.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is H2O America profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $104.9M on revenue of $843.2M, a net margin of 12.4%.
How much revenue does H2O America make?
Over the twelve months to September 30, 2026 H2O America reported revenue of $843.2M. That is 4.5% more than a year earlier.
When did H2O America last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 26, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the material agreement from November 3, 2026.
When is H2O America's next earnings report?
H2O America's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does H2O America pay a dividend?
Yes. H2O America paid dividends of $1.68 per share in fiscal 2025, a yield of 2.73% at the current price.
Similar companies
Compare HTO with
Follow HTO
Get an email when H2O America files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values H2O America tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.