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Global Water Resources, Inc.

GWRS Utilities Utilities Regulated Water

Global Water Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $55.8 million, up 5.82% from fiscal 2024.

Revenue
+5.04%
EPS
−42.8%
Free cash flow
+100.4%
Total debt
+3.30%

Quarter to September 2026, against a year earlier

7.59 0.56 −6.87%
Market cap
$227.5M
P/E
90.0×
Fwd P/E
61.9×
Dividend yield
4.00%
F-score
4/9
Altman Z
0.50
Beneish M
−2.51
Dividend safety
8/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 7.22
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 — 3 — — 2 — — —
Sell — — — — — — — — — — — —
Insider Ownership 56.27%

Capital & Financial Ratios $m

Size
Market Cap 227.51
Revenue ttm 60.90
Net income ttm 2.42
Free cash flow ttm (18.74)
Net debt Q 132.02
Valuation
P/E 90.04 (above 35: high)
Forward P/E 61.90 (above 35: high)
Price / sales 3.65
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.37
Financial health
Current ratio Q 0.77 (below 1: weak)
Debt / equity Q 1.45
Interest coverage Q 1.37
Growth
Revenue growth Q +5.04% (above 0%: growing)
Operating income growth Q −18.10% (below 0%: shrinking)
EPS, this year −30.95% (below 0%: weak)
EPS, next year A +31.03% (at or above 15%: strong)
Revenue, next year A +9.94%
EPS, past 5 yrs +17.08% (at or above 15%: strong)
EPS, next 5 yrs A +8.74%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.8×, against a ten-year median of 8.8×; over the ten years it ranged from 5.8× in 2026 to 13.5× in 2021.
P/E against its own 10 years 62.87%
10-year low 10-year high
P/S against its own 10 years 2.80%
10-year low 10-year high
P/B against its own 10 years 0.91%
10-year low 10-year high
EV/Sales against its own 10 years 0.83%
10-year low 10-year high

Dividends raised every year since 2017

Yield
4.00%
Annual rate
0.30
Payout ratio
360.1%
Growth, 2017–25
+1.26%/yr
  1. 0.27 ’17
  2. 0.28 ’18 +3
  3. 0.29 ’19 +1
  4. 0.29 ’20 +1
  5. 0.29 ’21 +1
  6. 0.30 ’22 +1
  7. 0.30 ’23 +1
  8. 0.30 ’24 +1
  9. 0.30 ’25 +1
  10. 0.30 ’26e −1
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3 9 4 3
Receivables 6 6 7 8
Inventory — — — —
Other — — — —
12 19 15 15
2023 2024 2025 Q'26
Payables 1 2 2 1
ST’ Debt 4 4 4 4
Other — — — —
14 22 19 20

Compound Annual Growth %

10y 5y 3y
Sales 5.72% 7.62% 7.62%
Cash Flow 16.86% 6.72% (4.75%)
Earnings (17.94%) 21.76% (18.72%)
Book Value 15.75% 21.89% 24.96%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.05 Actual 0.03

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.04 −0.01 Miss by 0.05
Q1 FY26 −0.02 −0.01 Beat by 0.01
Q2 FY26 0.03 0.04 Beat by 0.01
Q3 FY26 0.05 0.03 Miss by 0.02
Q4 FY26 0.01 — Reports 3 March 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.01) 0.10 0.03 — —
’25 0.02 0.06 0.06 (0.04) 0.11
’24 0.03 0.07 0.12 0.02 0.24
’23 0.10 0.07 0.11 0.05 0.33
’22 0.04 0.09 0.07 0.04 0.24
’21 (0.01) 0.09 0.07 0.02 0.16
’20 0.02 (0.01) 0.05 (0.01) 0.05
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 13 18 16 — —
’25 12 14 16 14 56
’24 12 14 14 13 53
’23 13 13 15 12 53
’22 10 12 12 11 45
’21 9 11 11 10 42
’20 8 10 11 10 39
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 4 5 7 — —
’25 7 1 9 3 20
’24 8 6 2 6 22
’23 6 6 10 3 25
’22 5 7 8 4 23
’21 5 3 8 5 20
’20 3 2 7 3 15
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (2) 0 — —
’25 (8) (19) (6) (15) (47)
’24 2 (1) (5) (7) (11)
’23 0 (1) 5 (1) 3
’22 (1) (2) (3) (5) (11)
’21 2 (1) 2 (1) 2
’20 0 0 5 1 5
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 30 31 36 35 39 42 45 53 53 56 61 +7.2% 61 63 67 +6.3%
Gross margin, % 73.02 75.81 76.83 74.87 75.30 75.43 75.66 76.11 73.95 71.75 71.68 (1.3) pt
EBT (4) 4 5 3 2 5 6 11 8 4 3 n/m
EBT margin, % (12.75) 12.66 13.75 9.55 4.86 11.35 14.40 20.47 14.92 7.14 5.33 +19.9 pt
Net income (3) 5 3 2 1 4 6 8 6 3 2 n/m
Per share, $
Per share, $ Revenue 1.56 1.59 1.74 1.65 1.72 1.85 1.93 2.21 2.18 2.06 2.08 +3.2%
Earnings (0.15) 0.23 0.15 0.10 0.05 0.16 0.24 0.33 0.24 0.11 0.08 n/m
Cash flow 0.10 0.57 0.55 0.54 0.65 0.90 1.01 1.06 0.90 0.75 0.64 +25.2%
Capex (0.45) (1.07) (0.23) (0.52) (0.41) (0.81) (1.47) (0.93) (1.34) (2.49) (1.28) +21.0%
Free cash flow (0.35) (0.50) 0.32 0.02 0.24 0.09 (0.46) 0.13 (0.44) (1.74) (0.64) +19.6%
Book value 0.78 0.76 1.36 1.15 1.43 1.33 1.92 2.02 1.97 3.20 3.20 +17.0%
Shares, m 19 20 20 22 23 23 23 24 24 27 28 +3.9%
Valuation, ×
Valuation, × P/E 0.00 39.83 63.38 119.55 285.35 103.39 57.08 39.21 47.92 84.50 90.04 84.0
P/S 5.83 5.75 5.84 7.98 8.40 9.23 7.10 5.87 5.28 4.10 3.65 6.5
P/B 11.60 12.07 7.45 11.47 10.08 12.88 7.15 6.40 5.85 2.64 2.37 8.8
EV/Sales 8.98 9.24 8.71 11.00 10.90 11.62 9.42 7.86 7.46 6.49 5.82 9.2
EV/FCF (40.00) (29.65) 47.45 1,029.60 77.49 227.96 (39.57) 135.33 (37.31) (7.67) (18.91) 136.4
Cash, $m
Cash, $m Operating cash flow 2 11 11 12 15 20 23 25 22 20 19 +30.1%
Capex (9) (21) (5) (11) (9) (18) (34) (22) (32) (67) (37) +25.7%
Free cash flow (7) (10) 7 0 5 2 (11) 3 (11) (47) (19) +24.2%
Balance, $m
Balance, $m Working capital 14 1 8 2 11 2 (2) (2) (3) (5) (5) n/m
Net debt 94 109 102 107 97 100 104 106 115 133 132 +4.0%
Shareholders’ equity 15 15 28 25 32 30 44 49 48 87 94 +21.5%
Returns, %
Returns, % ROA (1.06) 1.91 1.24 0.84 0.40 1.25 1.78 2.33 1.51 0.67 0.50 +1.7 pt
ROIC 3.34 3.70 4.47 3.30 3.56 3.35 3.30 4.97 3.60 2.03 2.12 (1.3) pt
ROE (14.33) 30.49 14.52 8.47 3.89 11.60 14.80 17.16 12.03 4.41 2.64 +18.7 pt
People
People Employees 43 47 51 75 81 88 100 109 125 129 — +13.0%
Revenue/emp, $m 0.69 0.66 0.70 0.47 0.48 0.48 0.45 0.49 0.42 0.43 — (5.1%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Global Water Resources, Inc. vs peers in Utilities Regulated Water (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AWR American States Water Company $3.5B 24.2× 23.3× +5.37% (above 0%: growing) 0.00% −27.88% (below 0%: shrinking) 0.00% 34.95% Compare
CWT California Water Service Group $3.2B 22.5× 19.2× +6.73% (above 0%: growing) +1.94% (above 0%: growing) −97.13% (below 0%: shrinking) 69.26% 24.89% Compare
HTO H2O America $3.0B 23.9× 20.3× +4.02% (above 0%: growing) −19.23% (below 0%: shrinking) +34.01% (above 0%: growing) 58.72% 24.17% Compare
MSEX Middlesex Water Company $1.1B 21.5× 21.2× +11.30% (above 0%: growing) +23.14% (above 0%: growing) +15.96% (above 0%: growing) 100.00% 36.99% Compare
YORW The York Water Company $522.9M 19.9× 18.8× +22.48% (above 0%: growing) +40.00% (above 0%: growing) +111.16% (above 0%: growing) 100.00% 41.71% Compare
CWCO Consolidated Water Co. Ltd. $425.0M 25.8× 29.6× −2.15% (below 0%: shrinking) −21.88% (below 0%: shrinking) +39.37% (above 0%: growing) 33.35% 11.39% Compare
ARTNA Artesian Resources Corporation $345.6M 14.4× 16.7× +7.41% (above 0%: growing) +4.92% (above 0%: growing) +68.43% (above 0%: growing) 100.00% 28.09% Compare
PCYO Pure Cycle Corporation $258.1M 17.6× 25.8× +59.96% (above 0%: growing) +33.33% (above 0%: growing) +492.06% (above 0%: growing) 52.12% 25.71% Compare
GWRS Global Water Resources, Inc. $227.5M 90.0× 61.9× +5.04% (above 0%: growing) −42.83% (below 0%: shrinking) +100.41% (above 0%: growing) 72.47% 14.68%
Median of peers $831.4M 22.0× 20.8× +7.07% +3.43% +36.69% 63.99% 26.90%

All 12 Utilities Regulated Water stocks →

Pay and ownership Proxy statement filed 31 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 819.40k 725.24k 62.34
2024 753.67k 688.45k 84.51
2023 718.73k 669.48k 87.82

Ownership

Directors and executive officers, together 53.70%
Jonathan L. Levine 42.30%
William S. Levine 42.30%
Andrew Cohn 9.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Global Water Resources, Inc. (GWRS) Latest News

6 Nov

Impact 3 · · GuruFocus.com

5 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · Moby

4 Nov

Impact 3 · · GlobeNewswire

1 Sep

Impact 3 ·

17 Aug

Impact 4 · transcript

13 Aug

Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript

12 Aug

Impact 3 ·

24 Jun

Impact 3 · · GlobeNewswire

14 May

Impact 4 · · GuruFocus.com
Impact 3 · · MarketBeat
Impact 3 · · Moby transcript

13 May

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

7 May

Impact 4 ·

30 Apr

Impact 4 · · Simply Wall St.

29 Apr

Impact 4 · · GlobeNewswire

5 Mar

Impact 4 · · MarketBeat
Impact 4 ·
Impact 4 · · Moby

4 Mar

Impact 4 · · GlobeNewswire

30 Jan

Impact 3 · · GlobeNewswire

21 Jan

Impact 3 ·

17 Jan

Impact 3 · · Simply Wall St.

30 Dec

Impact 3 · · GlobeNewswire

29 Dec

Impact 3 · · Simply Wall St.

15 Dec

Impact 4 · · Simply Wall St.

14 Dec

Impact 3 · · Simply Wall St.
stockrow.com/GWRS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com