H2O America (HTO) EBITDA Margin (2010 - 2026)
H2O America (HTO) posted quarterly EBITDA Margin of 20.31% for Q2 2026, down 181.0% year-over-year from 25.08% in Q2 2025, and down 0.52% quarter-over-quarter from 20.42% in Q1 2026.
H2O America (HTO) EBITDA Margin (2010 - 2026) Analysis & Trends
H2O America (HTO) has reported EBITDA Margin for 17 consecutive years, with 20.31% the latest figure, recorded in Q2 2026.
- In Q2 2026, EBITDA Margin fell 181.0% year-over-year to 20.31%; the TTM figure through Jun 2026 stood at 21.48% (down 157.0% YoY), while the FY2025 annual figure was 22.17%, down 61.0% from the prior year.
- EBITDA Margin slipped to 20.31% in Q2 2026 per HTO's latest filing, from 20.42% in the prior quarter.
- Across five years, EBITDA Margin topped out at 29.4% in Q4 2022 and bottomed at 13.35% in Q1 2022.
- Historically, EBITDA Margin has averaged 21.49% across 5 years, with a median of 21.33% in 2023.
- Annual changes were most pronounced in 2022 — EBITDA Margin surged 674 bps — and 2023, when it tumbled 810 bps.
- H2O America's EBITDA Margin stood at 29.4% in 2022, then fell by 28 bps to 21.3% in 2023, then advanced by 4 bps to 22.07% in 2024, then decreased by 23 bps to 17.07% in 2025, then rose by 19 bps to 20.31% in 2026.
- Business Quant data shows HTO's EBITDA Margin at 20.31% in Q2 2026, 20.42% in Q1 2026, and 17.07% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.38 Bn | 26.19 Bn | - | 40.00% |
| 2 | Essential Utilities | 11.24 Bn | 11.24 Bn | - | 36.41% |
| 3 | American States Water | 3.34 Bn | 3.32 Bn | 278.03 Mn | 14.81% |
| 4 | California Water Service | 3.00 Bn | 2.91 Bn | 263.45 Mn | 22.97% |
| 5 | H2O America | 2.58 Bn | 2.47 Bn | 197.11 Mn | 20.31% |
| 6 | Middlesex Water | 1.09 Bn | 1.08 Bn | - | 32.35% |
| 7 | Consolidated Water | 513.20 Mn | 386.87 Mn | 10.92 Mn | 11.48% |
| 8 | York Water | 513.04 Mn | 512.48 Mn | - | 41.71% |
| 9 | Artesian Resources | 360.98 Mn | 356.72 Mn | 26.56 Mn | 22.60% |
| 10 | Pure Cycle | 273.58 Mn | 265.14 Mn | 4.29 Mn | 28.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.31% |
| Mar 31, 2026 | 20.42% |
| Dec 31, 2025 | 17.07% |
| Sep 30, 2025 | 26.87% |
| Jun 30, 2025 | 22.13% |
| Mar 31, 2025 | 21.42% |
| Dec 31, 2024 | 22.07% |
| Sep 30, 2024 | 25.93% |
| Jun 30, 2024 | 23.03% |
| Mar 31, 2024 | 18.69% |
| Dec 31, 2023 | 21.30% |
| Sep 30, 2023 | 27.63% |
| Jun 30, 2023 | 19.86% |
| Mar 31, 2023 | 18.34% |
| Dec 31, 2022 | 29.40% |
| Sep 30, 2022 | 21.37% |
| Jun 30, 2022 | 17.71% |
| Mar 31, 2022 | 13.35% |
| Dec 31, 2021 | 22.66% |
| Sep 30, 2021 | 20.23% |