H2O America (HTO) Gross Margin (2010 - 2026)
H2O America (HTO) posted quarterly Gross Margin of 93.65% for Q2 2026, up 33.0% year-over-year from 70.41% in Q2 2025, and little changed quarter-over-quarter from 93.45% in Q1 2026.
H2O America (HTO) Gross Margin (2010 - 2026) Analysis & Trends
H2O America (HTO) has reported Gross Margin for 17 consecutive years, with 93.65% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 33.0% year-over-year to 93.65%; the TTM figure through Jun 2026 stood at 93.74% (up 11.0% YoY), while the FY2025 annual figure was 93.63%, up 16.0% from the prior year.
- Gross Margin was little changed at 93.65% in Q2 2026 per HTO's latest filing, from 93.45% 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.
- Historically, Gross Margin has averaged 93.13% across 5 years, with a median of 93.27% in 2022.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 132 bps — and 2024, when it jumped 138 bps.
- H2O America's Gross Margin stood at 93.11% in 2022, then increased by 0 bps to 93.43% in 2023, then gained by 0 bps to 93.51% in 2024, then retreated by 1 bps to 92.73% in 2025, then climbed by 1 bps to 93.65% in 2026.
- Business Quant data shows HTO's Gross Margin at 93.65% in Q2 2026, 93.45% in Q1 2026, and 92.73% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.66 Bn | 26.47 Bn | - | - |
| 2 | Essential Utilities | 11.36 Bn | 11.35 Bn | - | - |
| 3 | American States Water | 3.38 Bn | 3.36 Bn | 278.03 Mn | 91.44% |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | 85.37% |
| 5 | H2O America | 2.60 Bn | 2.49 Bn | 197.11 Mn | 93.65% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | - |
| 7 | Consolidated Water | 517.12 Mn | 390.79 Mn | 10.92 Mn | 36.42% |
| 8 | York Water | 517.01 Mn | 516.45 Mn | - | - |
| 9 | Artesian Resources | 362.21 Mn | 357.96 Mn | 26.56 Mn | 95.63% |
| 10 | Pure Cycle | 274.66 Mn | 266.22 Mn | 4.29 Mn | 52.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 93.65% |
| 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% |