Saturday 17 October 2026 Export GWRS’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 24.8%, EPS grew 66.7%, free cash flow grew 89.6% and total debt rose 15.4%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

7.99 0.10 −1.24%

Follow GWRS

Alert me

Market cap: $233.0M
P/E: 72.6×
Fwd P/E: 121×
Dividend yield: 4.12%
F-score: 4/9
Altman Z: 0.50
Beneish M: −2.51
Dividend safety: 8/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 7.22

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	1	—	3	—	—	2	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 55.49%

Capital & Financial Ratios $m

Market Cap 232.96

Revenue 60.11

Net Income 3.14

Free Cash Flow (24.34)

Net Debt 139.65

Current Ratio 0.68

Debt/Equity 1.66

P/E ratio 72.64

Fwd P/E 121.00

P/S ratio 3.83

P/B ratio 2.71

Past 5Y EPS Growth 17.08%

This Y EPS Growth (30.95%)

Next Y EPS Growth 31.03%

Next Y revenue growth 9.94%

Next 5Y EPS Growth 8.74%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 59.22%

10-year low 10-year high

P/S against its own 10 years 4.03%

10-year low 10-year high

P/B against its own 10 years 6.15%

10-year low 10-year high

EV/Sales against its own 10 years 3.53%

10-year low 10-year high

Dividends

Payout Ratio 2.99

Annual Dividend Rate 0.33

Annual Dividend Yield 4.12%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.30	0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
2025	0.30	0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
2024	0.30	0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
2023	0.30	0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03
2022	0.30	0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
2021	0.29	0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
2020	0.29	0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
2019	0.29	0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
2018	0.28	0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
2017	0.27	0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
2016	0.17	0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3	9	4	1
Receivables	6	6	7	8
Inventory	—	—	—	—
Other	—	—	—	—
	12	19	15	12

	2023	2024	2025	Q'26
Payables	1	2	2	1
ST’ Debt	4	4	4	4
Other	—	—	—	—
	14	22	19	17

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	13	18	—	—	—
’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	—	—	—
’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)	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.01)	0.10	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.23	7.90	8.40	9.00	8.51	14.41	10.61	9.34	11.24	8.28	Analyst estimates 2026–2028 Powerpack
	High	9.29	10.00	11.61	14.99	16.20	21.25	17.35	14.95	13.98	12.32
People
People	Employees	43	47	51	75	81	88	100	109	125	129
	Revenue/emp, $m	0.69	0.66	0.70	0.47	0.48	0.48	0.45	0.49	0.42	0.43
Income, $m
Income, $m	Revenue	30	31	36	35	39	42	45	53	53	56
	Gross margin, %	73.02	75.81	76.83	74.87	75.30	75.43	75.66	76.11	73.95	71.75
	EBT	(4)	4	5	3	2	5	6	11	8	4
	EBT margin, %	(12.75)	12.66	13.75	9.55	4.86	11.35	14.40	20.47	14.92	7.14
	Net income	(3)	5	3	2	1	4	6	8	6	3
	Depreciation	7	7	8	8	9	10	10	12	13	15
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
	Earnings	(0.15)	0.23	0.15	0.10	0.05	0.16	0.24	0.33	0.24	0.11
	Cash flow	0.10	0.57	0.55	0.54	0.65	0.90	1.01	1.06	0.90	0.75
	Capex	(0.45)	(1.07)	(0.23)	(0.52)	(0.41)	(0.81)	(1.47)	(0.93)	(1.34)	(2.49)
	Free cash flow	(0.35)	(0.50)	0.32	0.02	0.24	0.09	(0.46)	0.13	(0.44)	(1.74)
	Book value	0.78	0.76	1.36	1.15	1.43	1.33	1.92	2.02	1.97	3.20
	Shares, m	19	20	20	22	23	23	23	24	24	27
Valuation, ×
Valuation, ×	P/E	0.00	39.83	63.38	119.55	285.35	103.39	57.08	39.21	47.92	84.50
	P/S	5.83	5.75	5.84	7.98	8.40	9.23	7.10	5.87	5.28	4.10
	P/B	11.60	12.07	7.45	11.47	10.08	12.88	7.15	6.40	5.85	2.64
	EV/Sales	8.98	9.24	8.71	11.00	10.90	11.62	9.42	7.86	7.46	6.49
	EV/FCF	(40.00)	(29.65)	47.45	1,029.60	77.49	227.96	(39.57)	135.33	(37.31)	(7.67)
Cash, $m
Cash, $m	Operating cash flow	2	11	11	12	15	20	23	25	22	20
	Capex	(9)	(21)	(5)	(11)	(9)	(18)	(34)	(22)	(32)	(67)
	Free cash flow	(7)	(10)	7	0	5	2	(11)	3	(11)	(47)
Balance, $m
Balance, $m	Working capital	14	1	8	2	11	2	(2)	(2)	(3)	(5)
	Total debt	114	114	115	115	115	113	110	109	124	137
	Net debt	94	109	102	107	97	100	104	106	115	133
	Shareholders’ equity	15	15	28	25	32	30	44	49	48	87
Returns, %
Returns, %	ROA	(1.06)	1.91	1.24	0.84	0.40	1.25	1.78	2.33	1.51	0.67
	ROIC	3.34	3.70	4.47	3.30	3.56	3.35	3.30	4.97	3.60	2.03
	ROE	(14.33)	30.49	14.52	8.47	3.89	11.60	14.80	17.16	12.03	4.41

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CWT California Water Service Group	$2.9B	20.8×	18.7×	+16.47% (above 0%: growing)	+32.39% (above 0%: growing)	−18.32% (below 0%: shrinking)	70.24%	22.97%	Compare
HTO H2O America	$2.4B	20.2×	20.4×	+6.16% (above 0%: growing)	−9.86% (below 0%: shrinking)	+14.08% (above 0%: growing)	59.39%	20.31%	Compare
MSEX Middlesex Water Company	$1.0B	21.1×	21.2×	+14.26% (above 0%: growing)	+31.67% (above 0%: growing)	−22.41% (below 0%: shrinking)	100.00%	32.35%	Compare
YORW The York Water Company	$501.5M	19.3×	18.9×	+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.	$460.5M	27.4×	31.8×	−2.15% (below 0%: shrinking)	−21.88% (below 0%: shrinking)	+39.37% (above 0%: growing)	33.35%	11.39%	Compare
ARTNA Artesian Resources Corporation	$342.8M	14.5×	16.7×	+7.41% (above 0%: growing)	+4.92% (above 0%: growing)	+68.43% (above 0%: growing)	100.00%	28.09%	Compare
CDZI Cadiz, Inc.	$322.6M	— (loss-making)	— (loss-making)	−76.27% (below 0%: shrinking)	n/m	−66.49% (below 0%: shrinking)	(2.45%)	(902.45%)	Compare
PCYO Pure Cycle Corporation	$268.0M	18.1×	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.	$233.0M	72.6×	121×	+24.76% (above 0%: growing)	+66.67% (above 0%: growing)	+89.60% (above 0%: growing)	74.36%	25.36%
Median of peers	$481.0M	20.2×	20.4×	+10.84%	+31.67%	+26.73%	64.82%	24.34%

All 13 Utilities Regulated Water stocks →

Global Water Resources, Inc. (GWRS) key facts

Strength: Global Water Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $55.8 million, up 5.82% from fiscal 2024.
Global Water Resources, Inc. (GWRS) is an Utilities Regulated Water company in the Utilities sector, listed on Nasdaq.
As of October 16, 2026, GWRS traded at $7.99, a market capitalization of $233.0 million.
Global Water Resources, Inc. pays an annual dividend of $0.33 per share, a yield of 4.12%.
Return on equity was 4.41% and debt-to-equity 1.66.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.50 (distress zone) for fiscal 2025.