H2O AMERICA (HTO) FY2025 10-K Annual Report
H2O AMERICA (HTO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
H2O AMERICA FY2025 10-K Analysis
Business Overview
- • Core business model: Water utility services including water supply, treatment, and distribution primarily through subsidiary companies
- • Strategic shift: Standard & Poor’s downgraded H2O America’s credit outlook to negative post-Quadvest acquisition announcement on July 15, 2025
Management Discussion & Analysis
- • Revenue details not explicitly provided; customer usage change: SJWC -4.6%, CWC +2.7%, TWC -3.1%, MWC +2.5% YoY
- • Capital improvements $489.6M in 2025 vs $353.0M in 2024; planned $458.0M in 2026 and $2.568B over next five years including acquisitions
Risk Factors
- • Regulatory/legal risk: Rate increases subject to approval by California and Connecticut utility commissions, impacting $44.1M authorized rate hikes in 2025
- • Geopolitical/macroeconomic threat: Valley Water's July 2025 rate hikes, +9% purchased water price, +10% groundwater extraction charge, increasing costs for SJWC
H2O AMERICA FY2025 Key Financial MetricsXBRL
Revenue
$806M
▲ +9.4% YoY
Net Income
$103M
▲ +9.2% YoY
Operating Margin
22.0%
▼ -112bp YoY
Net Margin
12.7%
▼ -3bp YoY
ROE
6.7%
▼ -22bp YoY
Total Assets
$5.1B
▲ +10.5% YoY
EPS (Diluted)
$2.92
▲ +1.7% YoY
Operating Cash Flow
$245M
▲ +25.2% YoY
Source: XBRL data from H2O AMERICA FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on H2O AMERICA
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.