H2O America
HTO Utilities Utilities Regulated Water
H2O America’s revenue for fiscal 2025 (year ended December 2025) was $800.6 million, up 6.97% from fiscal 2024. In the quarter to June 2026, revenue grew 6.16%, EPS fell 9.86%, free cash flow grew 14.1% and total debt rose 1.04%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for five; insiders bought in the last twelve months.
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H2O America (HTO) EV/Sales
As of 9 October 2026, H2O America (HTO) trades at a EV/Sales of 5.1×. Over the past ten years it has ranged from 2.9× (September 2015) to 8.4× (January 2020); the current reading is higher than 55% of that period. That is below the Utilities Regulated Water industry median of 6.2× and above the Utilities sector median of 4.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 4.6× | 0.12% |
| FY2024 | 4.6× | (19.42%) |
| FY2023 | 5.7× | (14.69%) |
| FY2022 | 6.7× | 1.94% |
| FY2021 | 6.5× | 5.19% |
| FY2020 | 6.2× | (23.74%) |
| FY2019 | 8.1× | 151.09% |
| FY2018 | 3.2× | (27.82%) |
| FY2017 | 4.5× | (1.43%) |
| FY2016 | 4.6× | 37.26% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 5.2× | 8.12% |
| Mar 2026 | 4.8× | 5.43% |
| Dec 2025 | 4.6× | 1.85% |
| Sep 2025 | 4.5× | (2.96%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| CWCO Consolidated Water Co. Ltd. compare | 2.8× |
| CWT California Water Service Group compare | 4.1× |
| ARTNA Artesian Resources Corporation compare | 4.5× |
| HTO H2O America | 5.1× |
| AWR American States Water Company compare | 5.9× |
| MSEX Middlesex Water Company compare | 6.8× |
| WTRG Essential Utilities Inc. compare | 7.6× |
| YORW The York Water Company compare | 8.2× |
| CDZI Cadiz, Inc. compare | 33.7× |
| Utilities Regulated Water industry median | 6.2× |
| Utilities sector median | 4.4× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)