YORK WATER CO financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data YORK WATER CO files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue		48.6	48.4	51.6	53.9	55.1	60.1	71	75	77.5
General and administrative	9.13	8.1	8.1	8.52	9.26	9.75	9.93	10.9	12.6	12.9
Operating income	22.9	23.7	22.5	23.8	24.4	23.4	24.5	29.5	28	27.7
Interest expense	5.27	5.35	5.51	5.12	4.71	4.93	5.11	7.05	8.9	10.3
Other non-operating income	-5.63	-6.18	-6.65	-7.14	-5.82	-5.29	-4.89	-4.5	-6.37	-8.46
Pre-tax income	17.3	17.5	15.9	16.6	18.6	18.1	19.6	25	21.7	19.2
Income tax	5.41	4.54	2.49	2.24	2.02	1.12	0.02	1.28	1.35	-0.82
Net income	11.8	13	13.4	14.4	16.6	17	19.6	23.8	20.3	20.1
EBITDA	29.3	30.5	29.5	31.5	32.6	32.3	34.6	41.3	41	41.9
EPS, basic	0.92	1.01	1.04	1.11	1.27	1.30	1.40	1.66	1.42	1.39
EPS, diluted	0.92	1.01	1.04	1.11	1.27	1.30	1.40	1.66	1.42	1.39
Shares, basic (weighted)	12.8	12.8	12.9	13	13	13.1	14	14.3	14.3	14.4
Shares, diluted (weighted)	12.8	12.8	12.9	13	13	13.1	14	14.3	14.3	14.4
Dividend per share	0.63	0.65	0.67	0.70	0.73	0.76	0.79	0.82	0.85	0.89

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	4.21	0	0	0	0	0	0	0	0	0
Receivables	4.3	4.55	4.81	4.42	5.18	4.63	6.7	7.84	7.25	8.57
Other current assets	0.66	0.7	0.9	1.13	1.53	1.03	1.03	0.82	1.6	1.62
Total current assets	12.6	8.61	9.01	9.38	16.3	11.3	14.2	15.6	16.5	18.4
Property, plant and equipment	0.75	0.74	0.71	0.77	0.74	0.72	0.7	1.57	1.53	1.5
Other non-current assets	2.94	3.31	3.65	3.89	3.95	4.38	4.57	4.76	5.16	5
Total assets	320	332	345	364	407	459	511	588	633	681
Accounts payable	3.67	3.14	3.03	3.45	6.54	6.71	10.8	10.9	9.53	8.42
Accrued liabilities	0.51	0.3	0.35	0.34	0.36	0.44	0.49	0.5	0.71	0.58
Short-term debt	0.04	0.04	0.03	6.5	0	7.5	0		0	0.33
Total current liabilities	8.18	9.15	10.8	15.2	12	20.1	17	18.1	18.3	27.6
Long-term debt	84.6	90.1	93.3	94.5	124	139	139	180	206	222
Other non-current liabilities	2.29	2.2	1.82	2.25	2.73	2.09	0.68	0.63	0.39	0.48
Total liabilities	206	213	219	229	264	306	303	367	402	441
Total debt	84.7	90.1	93.4	101	124	146	139	180	206	222
Retained earnings	35.5	40.2	44.9	50.2	57.3	64.4	73	85	93.1	100
Treasury stock	0
Shareholders' equity	114	119	126	134	143	153	207	221	231	240
Total equity	114	119	126	134	143	153	207	221	231	240
Total liabilities and equity	320	332	345	364	407	459	511	588	633	681
Shares outstanding	12.9	12.9	12.9	13	13.1	13.1	14.3	14.3	14.4	14.4

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	11.8	13	13.4	14.4	16.6	17	19.6	23.8	20.3	20.1
Depreciation and amortization	6.42	6.77	7.01	7.69	8.18	8.86	10.1	11.7	13	14.2
Deferred income tax	1.65	2.48	0.06	0.64	0.09	0.16	0	0.53	0.48	-0.71
Change in payables	2.39	-2.02	4.51	2.13	5.46	5.17	-4.41	6.74	5.13	5.83
Cash from operations	19.4	20.1	18.4	18.9	20.2	23	22	31.9	30.6	29.9
Capital expenditures	-13.2	-24.6	-16.9
Cash from investing	-12.5	-25.1	-16.8	-20.5	-32.6	-46.4	-53.9	-65.3	-49	-48.7
Debt issued	0	22.9	28.8	94	62.2	60.3	54.4	105	86.7	56.8
Debt repaid	-0.05	-17.5	-25.7	-85.9	-39.6	-37.6	-61.5	-64.1	-61.2	-40.3
Stock issued	2.51	1.91	2.02	2.51	1.81	2.08	45.7	1.65	1.67	1.6
Share buybacks	-1.34	-1.26	0
Dividends paid	-7.96	-8.23	-8.58	-8.99	-9.39	-9.81	-10.7	-11.6	-12.1	-12.6
Cash from financing	-5.51	0.76	-1.6	1.66	17.4	18.4	31.9	33.4	18.5	18.9
Net change in cash	1.33	-4.21	0	0	5	-5	0	0	0	0
Free cash flow	6.21	-4.49	1.49
Interest paid	5.05	4.65	5.24	4.82	4.18	4.06	4.04	3.73	6.89	9.55
Income taxes paid	2.51	0.76	2.9	2.23	2.43	0.71	0	0	0.94	0.36

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $30.98 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	36.6%	Operating income / revenue.
EBITDA margin	53.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	26.6%	Pre-tax income / revenue.
Net margin	28.5%	Net income / revenue.
Operating cash flow margin	40.2%	Cash from operations / revenue.
Effective tax rate	-7.2%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.4%	Net income / average total assets.
Return on invested capital (ROIC)	5.0%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
D&A / revenue	17.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	3.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	8.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-1.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	4.2%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	2.5%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	2.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	6.6%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	5.2%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-1.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	0.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	3.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-2.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-0.2%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	1.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-2.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	10.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	8.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	4.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	4.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	4.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	4.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	10.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	7.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	10.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	10.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	1.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	2.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.05x	Current assets / current liabilities.
Quick ratio	0.48x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.03x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.64x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	26.9%	Total debt / total assets.
Liabilities / assets	58.2%	Total liabilities / total assets.
Net debt	$189.1M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	4.21x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	2.96x	Operating income / interest expense.
Working capital	$907.0K	Current assets - current liabilities.
Tangible book value	$294.3M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.12x	Revenue / average total assets.
Fixed asset turnover	56.0x	Revenue / average property, plant and equipment.
Receivables turnover	9.66x	Revenue / average receivables.
Days sales outstanding	38 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.50	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$5.25	Revenue / diluted weighted shares.
Operating cash flow per share	$2.11	Cash from operations / diluted weighted shares.
Book value per share	$18.13	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$18.13	Tangible book value / shares outstanding.
Cash per share	$0.03	(Cash + short-term investments) / shares outstanding.
Payout ratio	54.2%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$502.8M	Share price x shares outstanding.
Enterprise value	$691.9M	Market cap + total debt - cash - short-term investments.
P/E	21.1x	Market cap / net income. Only when net income is positive.
P/S	6.03x	Market cap / revenue.
P/B	1.71x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.71x	Market cap / tangible book value, when positive.
P/OCF	15.0x	Market cap / cash from operations, when positive.
EV/Sales	8.29x	Enterprise value / revenue.
EV/EBIT	22.7x	Enterprise value / operating income, when both are positive.
EV/EBITDA	15.4x	Enterprise value / EBITDA, when both are positive.
Earnings yield	4.7%	Net income / market cap (the inverse of P/E).
Dividend yield	2.6%	Dividends paid over the period / market cap.
Shareholder yield	2.6%	(Dividends paid + share buybacks) / market cap.

What was YORK WATER CO's revenue in fiscal 2025?

YORK WATER CO reported revenue of $77.5M for fiscal 2025, 3.4% higher than the year before.

Was YORK WATER CO profitable in fiscal 2025?

Yes. Net income was $20.1M, a net margin of 25.9%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to YORK WATER CO