H2O America (HTO) Gross Margin (2010 - 2026)
H2O America (HTO) reported Gross Margin of 93.45% for Q1 2026, up 16.0% year-over-year from 80.56% in Q1 2025, and up 0.78% on a QoQ basis from 92.73% in Q4 2025.
H2O America (HTO) has 17 years of Gross Margin data on file, last reported at 93.45% in Q1 2026.
- Quarterly Gross Margin rose 16.0% year-over-year to 93.45% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 93.66% (up 6.0% YoY) and the FY2025 annual result came in at 93.63%, up 16.0% from the prior year.
- Gross Margin rose to 93.45% in Q1 2026 per HTO's latest filing, from 92.73% in the prior quarter.
- Across five years, Gross Margin topped out at 94.86% in Q3 2025 and bottomed at 91.23% in Q1 2023.
- The 5-year median for Gross Margin is 93.24% (2022), against an average of 93.1%.
- The widest annual swing landed in 2022, when Gross Margin slumped 132 bps; it then surged 138 bps in 2024.
- Tracing HTO's Gross Margin over 5 years: stood at 93.11% in 2022, then advanced by 0 bps to 93.43% in 2023, then grew by 0 bps to 93.51% in 2024, then dropped by 1 bps to 92.73% in 2025, then advanced by 1 bps to 93.45% in 2026.
- Per Business Quant, the three latest HTO Gross Margin figures stand at 93.45% (Q1 2026), 92.73% (Q4 2025), and 94.86% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 24.16 Bn | 24.02 Bn | 714.00 Mn | 59.15% |
| 2 | Aris Mining | 20.33 Bn | 19.86 Bn | 233.28 Mn | 62.63% |
| 3 | Essential Utilities | 10.48 Bn | 10.40 Bn | 685.96 Mn | 79.60% |
| 4 | American States Water | 2.94 Bn | 2.93 Bn | 104.19 Mn | 94.64% |
| 5 | California Water Service | 2.58 Bn | 2.48 Bn | 183.34 Mn | 85.44% |
| 6 | H2O America | 2.18 Bn | 2.03 Bn | 171.30 Mn | 93.45% |
| 7 | Middlesex Water | 959.61 Mn | 957.57 Mn | 25.70 Mn | 52.76% |
| 8 | Consolidated Water | 465.28 Mn | 344.14 Mn | 10.92 Mn | 36.42% |
| 9 | York Water | 430.12 Mn | 430.12 Mn | 13.98 Mn | 70.00% |
| 10 | Artesian Resources | 332.86 Mn | 328.60 Mn | 26.56 Mn | 95.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 93.45% |
| Dec 31, 2025 | 92.73% |
| Sep 30, 2025 | 94.86% |
| Jun 30, 2025 | 93.32% |
| Mar 31, 2025 | 93.29% |
| Dec 31, 2024 | 93.51% |
| Sep 30, 2024 | 94.26% |
| Jun 30, 2024 | 93.16% |
| Mar 31, 2024 | 92.60% |
| Dec 31, 2023 | 93.43% |
| Sep 30, 2023 | 93.94% |
| Jun 30, 2023 | 92.40% |
| Mar 31, 2023 | 91.23% |
| Dec 31, 2022 | 93.11% |
| Sep 30, 2022 | 93.24% |
| Jun 30, 2022 | 92.22% |
| Mar 31, 2022 | 91.86% |
| Dec 31, 2021 | 92.00% |
| Sep 30, 2021 | 93.37% |
| Jun 30, 2021 | 93.54% |
| Mar 31, 2021 | 91.81% |
| Dec 31, 2020 | 92.69% |
| Sep 30, 2020 | 93.92% |
| Jun 30, 2020 | 93.02% |
| Mar 31, 2020 | 91.28% |
| Dec 31, 2019 | 92.26% |
| Sep 30, 2019 | 95.36% |
| Jun 30, 2019 | 94.99% |
| Mar 31, 2019 | 93.44% |
| Dec 31, 2018 | 95.21% |
| Sep 30, 2018 | 96.13% |
| Jun 30, 2018 | 95.33% |
| Mar 31, 2018 | 94.39% |
| Dec 31, 2017 | 95.18% |
| Sep 30, 2017 | 96.62% |
| Jun 30, 2017 | 96.09% |
| Mar 31, 2017 | 94.41% |
| Dec 31, 2016 | 94.13% |
| Sep 30, 2016 | 97.05% |
| Jun 30, 2016 | 96.24% |
| Mar 31, 2016 | 94.71% |
| Dec 31, 2015 | 96.48% |
| Sep 30, 2015 | 96.34% |
| Jun 30, 2015 | 95.77% |
| Mar 31, 2015 | 95.17% |
| Dec 31, 2014 | 95.68% |
| Sep 30, 2014 | 97.55% |
| Jun 30, 2014 | 95.73% |
| Mar 31, 2014 | 94.76% |
| Dec 31, 2013 | 94.95% |
| Sep 30, 2013 | 96.39% |
| Jun 30, 2013 | 96.12% |
| Mar 31, 2013 | 94.59% |
| Dec 31, 2012 | 95.30% |
| Sep 30, 2012 | 96.46% |
| Jun 30, 2012 | 95.67% |
| Mar 31, 2012 | 94.61% |
| Dec 31, 2011 | 95.34% |
| Sep 30, 2011 | 95.90% |
| Jun 30, 2011 | 95.22% |
| Mar 31, 2011 | 94.07% |
| Dec 31, 2010 | 94.35% |
| Sep 30, 2010 | 96.12% |
| Jun 30, 2010 | 95.26% |