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) P/E ratio
As of 9 October 2026, H2O America (HTO) trades at a P/E ratio of 20.5×. Over the past ten years it has ranged from 10.0× (September 2015) to 94.2× (June 2020); the current reading is higher than 38% of that period. That is in line with the Utilities Regulated Water industry median of 20.5× and in line with the Utilities sector median of 19.8×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 16.8× | (2.51%) |
| FY2024 | 17.2× | (29.75%) |
| FY2023 | 24.5× | (27.61%) |
| FY2022 | 33.8× | (6.16%) |
| FY2021 | 36.1× | 11.77% |
| FY2020 | 32.3× | (62.32%) |
| FY2019 | 85.6× | 183.23% |
| FY2018 | 30.2× | 37.16% |
| FY2017 | 22.0× | 3.52% |
| FY2016 | 21.3× | 33.55% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 21.2× | 6.11% |
| Mar 2026 | 20.0× | 19.35% |
| Dec 2025 | 16.8× | 8.86% |
| Sep 2025 | 15.4× | (9.26%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| CDZI Cadiz, Inc. compare | n/m |
| ARTNA Artesian Resources Corporation compare | 14.6× |
| YORW The York Water Company compare | 19.3× |
| WTRG Essential Utilities Inc. compare | 19.9× |
| HTO H2O America | 20.5× |
| CWT California Water Service Group compare | 20.6× |
| MSEX Middlesex Water Company compare | 20.6× |
| AWR American States Water Company compare | 22.5× |
| CWCO Consolidated Water Co. Ltd. compare | 29.7× |
| Utilities Regulated Water industry median | 20.5× |
| Utilities sector median | 19.8× |
| Market median | 17.9× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)