H2O America (HTO) Net Margin (2010 - 2026)
H2O America (HTO) posted quarterly Net Margin of 12.62% for Q2 2026, up 19.0% year-over-year from 10.61% in Q2 2025, and up 21.73% quarter-over-quarter from 10.37% in Q1 2026.
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Analysis
H2O America (HTO) Net Margin (2010 - 2026) Analysis & Trends
H2O America (HTO) has reported Net Margin for 17 consecutive years, with 12.62% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin rose 19.0% year-over-year to 12.62%; the TTM figure through Jun 2026 stood at 12.91% (down 12.0% YoY), while the FY2025 annual figure was 12.81%, up 26.0% from the prior year.
- Net Margin advanced to 12.62% in Q2 2026 per HTO's latest filing, from 10.37% in the prior quarter.
- Across five years, Net Margin topped out at 19.55% in Q4 2022 and bottomed at 3.01% in Q1 2022.
- Historically, Net Margin has averaged 11.89% across 5 years, with a median of 11.62% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin surged 665 bps — and 2023, when it slumped 849 bps.
- H2O America's Net Margin stood at 19.55% in 2022, then plunged by 43 bps to 11.06% in 2023, then grew by 5 bps to 11.59% in 2024, then fell by 28 bps to 8.35% in 2025, then soared by 51 bps to 12.62% in 2026.
- Business Quant data shows HTO's Net Margin at 12.62% in Q2 2026, 10.37% in Q1 2026, and 8.35% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 27.50 Bn | 27.31 Bn | 874.00 Mn | 23.25% |
| 2 | Essential Utilities | 11.86 Bn | 11.85 Bn | 377.22 Mn | 19.92% |
| 3 | American States Water | 3.51 Bn | 3.49 Bn | 169.26 Mn | 23.87% |
| 4 | California Water Service | 3.03 Bn | 2.95 Bn | 263.45 Mn | 11.52% |
| 5 | H2O America | 2.70 Bn | 2.59 Bn | 197.11 Mn | 12.62% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | 30.96 Mn | 26.18% |
| 7 | York Water | 544.64 Mn | 544.09 Mn | 17.56 Mn | 32.38% |
| 8 | Consolidated Water | 466.57 Mn | 333.94 Mn | 10.96 Mn | 12.48% |
| 9 | Artesian Resources | 373.77 Mn | 363.96 Mn | 29.37 Mn | 13.07% |
| 10 | Cadiz | 343.74 Mn | 338.42 Mn | -24,000.00 | -1,291.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.62% |
| Mar 31, 2026 | 10.37% |
| Dec 31, 2025 | 8.35% |
| Sep 30, 2025 | 18.76% |
| Jun 30, 2025 | 12.43% |
| Mar 31, 2025 | 9.86% |
| Dec 31, 2024 | 11.59% |
| Sep 30, 2024 | 17.17% |
| Jun 30, 2024 | 11.75% |
| Mar 31, 2024 | 7.83% |
| Dec 31, 2023 | 11.06% |
| Sep 30, 2023 | 17.68% |
| Jun 30, 2023 | 11.66% |
| Mar 31, 2023 | 8.40% |
| Dec 31, 2022 | 19.55% |
| Sep 30, 2022 | 14.23% |
| Jun 30, 2022 | 7.75% |
| Mar 31, 2022 | 3.01% |
| Dec 31, 2021 | 12.89% |
| Sep 30, 2021 | 11.42% |