H2O America (HTO) Operating Margin (2010 - 2026)
H2O America (HTO) reported Operating Margin of 20.42% for Q1 2026, down 100.0% year-over-year from inf% in Q1 2025, and up 19.65% on a QoQ basis from 17.07% in Q4 2025.
H2O America (HTO) has 17 years of Operating Margin data on file, last reported at 20.42% in Q1 2026.
- Quarterly Operating Margin fell 100.0% year-over-year to 20.42% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.94% (down 135.0% YoY) and the FY2025 annual result came in at 22.17%, down 61.0% from the prior year.
- Operating Margin climbed to 20.42% in Q1 2026 per HTO's latest filing, from 17.07% in the prior quarter.
- Across five years, Operating Margin topped out at 29.4% in Q4 2022 and bottomed at 13.35% in Q1 2022.
- The 5-year median for Operating Margin is 21.37% (2022), against an average of 21.56%.
- The widest annual swing landed in 2022, when Operating Margin soared 674 bps; it then sank 810 bps in 2023.
- Tracing HTO's Operating Margin over 5 years: stood at 29.4% in 2022, then slipped by 28 bps to 21.3% in 2023, then increased by 4 bps to 22.07% in 2024, then declined by 23 bps to 17.07% in 2025, then climbed by 20 bps to 20.42% in 2026.
- Per Business Quant, the three latest HTO Operating Margin figures stand at 20.42% (Q1 2026), 17.07% (Q4 2025), and 26.87% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 24.16 Bn | 24.02 Bn | 714.00 Mn | 32.39% |
| 2 | Aris Mining | 20.33 Bn | 19.86 Bn | 233.28 Mn | 48.07% |
| 3 | Essential Utilities | 10.48 Bn | 10.40 Bn | 685.96 Mn | 36.05% |
| 4 | American States Water | 2.94 Bn | 2.93 Bn | 104.19 Mn | 40.91% |
| 5 | California Water Service | 2.58 Bn | 2.48 Bn | 183.34 Mn | 8.47% |
| 6 | H2O America | 2.18 Bn | 2.03 Bn | 171.30 Mn | 20.42% |
| 7 | Middlesex Water | 959.61 Mn | 957.57 Mn | 25.70 Mn | 26.90% |
| 8 | Consolidated Water | 465.28 Mn | 344.14 Mn | 10.92 Mn | 11.48% |
| 9 | York Water | 430.12 Mn | 430.12 Mn | 13.98 Mn | 31.81% |
| 10 | Artesian Resources | 332.86 Mn | 328.60 Mn | 26.56 Mn | 22.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 21.44% |
| Mar 31, 2021 | 11.39% |
| Dec 31, 2020 | 17.90% |
| Sep 30, 2020 | 25.25% |
| Jun 30, 2020 | 24.50% |
| Mar 31, 2020 | 13.33% |
| Dec 31, 2019 | 4.78% |
| Sep 30, 2019 | 14.99% |
| Jun 30, 2019 | 21.34% |
| Mar 31, 2019 | 15.97% |
| Dec 31, 2018 | 17.71% |
| Sep 30, 2018 | 20.69% |
| Jun 30, 2018 | 23.01% |
| Mar 31, 2018 | 9.77% |
| Dec 31, 2017 | 19.47% |
| Sep 30, 2017 | 30.70% |
| Jun 30, 2017 | 30.16% |
| Mar 31, 2017 | 15.69% |
| Dec 31, 2016 | 20.67% |
| Sep 30, 2016 | 32.35% |
| Jun 30, 2016 | 34.27% |
| Mar 31, 2016 | 17.31% |
| Dec 31, 2015 | 36.16% |
| Sep 30, 2015 | 22.01% |
| Jun 30, 2015 | 23.77% |
| Mar 31, 2015 | 20.62% |
| Dec 31, 2014 | 22.50% |
| Sep 30, 2014 | 47.13% |
| Jun 30, 2014 | 17.23% |
| Mar 31, 2014 | 11.09% |
| Dec 31, 2013 | 16.88% |
| Sep 30, 2013 | 22.70% |
| Jun 30, 2013 | 22.82% |
| Mar 31, 2013 | 11.51% |
| Dec 31, 2012 | 22.59% |
| Sep 30, 2012 | 25.34% |
| Jun 30, 2012 | 20.72% |
| Mar 31, 2012 | 13.15% |
| Dec 31, 2011 | 26.50% |
| Sep 30, 2011 | 25.01% |
| Jun 30, 2011 | 23.36% |
| Mar 31, 2011 | 12.82% |
| Dec 31, 2010 | 6.84% |
| Sep 30, 2010 | 25.48% |
| Jun 30, 2010 | 20.96% |