stockrow
Friday 6 November 2026
Export WTER’s income statement to Excel — free account
Alkaline Water Company Inc.
WTER Consumer Defensive Beverages Non Alcoholic
Alkaline Water Company Inc.’s revenue for fiscal 2023 (year ended March 2023) was $63.8 million, up 16.4% from fiscal 2022.
0.02
0.01
−33.33%
Follow WTER
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM Jun ’23 | Trend | 10 yrs | 2024e | 2025e | 2026e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 7 | 13 | 20 | 32 | 38 | 46 | 55 | 64 | 62 | +36.9% | 92 | 112 | — | +32.5% | |
| Gross margin, % | — | — | 37.47 | 42.41 | 41.01 | 40.21 | 34.15 | 35.70 | 17.15 | 18.26 | 20.03 | (19.2) pt | ||||||
| EBT | — | — | (8) | (3) | (7) | (9) | (15) | (16) | (40) | (27) | (23) | +18.6% | ||||||
| EBT margin, % | — | — | (116.83) | (27.07) | (33.75) | (26.76) | (38.58) | (35.62) | (72.27) | (42.97) | (36.47) | +73.9 pt | ||||||
| Net income | — | — | (8) | (3) | (7) | (9) | (15) | (16) | (40) | (27) | (23) | +18.6% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 28.13 | 12.31 | 14.39 | 15.12 | 13.39 | 9.94 | 8.29 | 6.96 | 6.06 | (18.1%) | |||||
| Earnings | — | — | (32.83) | (3.30) | (4.95) | (4.05) | (5.10) | (3.60) | (6.00) | (2.99) | (2.34) | (29.0%) | ||||||
| Cash flow | — | — | (12.34) | (2.46) | (1.91) | (3.82) | (4.76) | (3.08) | (4.82) | (1.14) | (0.81) | (28.9%) | ||||||
| Capex | — | — | (1.37) | (0.24) | (0.23) | (0.64) | (0.17) | (0.13) | (0.15) | (0.16) | 0.00 | (26.6%) | ||||||
| Free cash flow | — | — | (13.71) | (2.71) | (2.14) | (4.45) | (4.93) | (3.21) | (4.97) | (1.30) | (0.81) | (28.6%) | ||||||
| Book value | — | — | 6.06 | 0.80 | 0.33 | 5.33 | 0.57 | 2.38 | 0.06 | (0.58) | (0.78) | n/m | ||||||
| Shares, m | — | — | 0 | 1 | 1 | 2 | 3 | 5 | 7 | 9 | 10 | +67.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | 10.40 | 13.16 | 10.43 | 23.91 | 6.72 | 18.79 | 16.65 | 3.45 | 0.00 | 12.9 | ||||||
| P/B | — | — | 49.01 | 207.40 | 454.06 | 67.83 | 159.52 | 78.60 | 2,298.72 | 0.00 | 0.00 | 414.4 | ||||||
| EV/Sales | — | — | 10.24 | 13.12 | 10.39 | 23.58 | 6.60 | 18.60 | 16.62 | 3.44 | 0.00 | 12.8 | ||||||
| EV/FCF | — | — | (21.02) | (59.63) | (69.91) | (80.04) | (17.95) | (57.63) | (27.75) | (18.46) | 0.00 | (44.0) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | (3) | (3) | (3) | (8) | (14) | (14) | (32) | (10) | (8) | +18.9% | |||||
| Capex | — | — | 0 | 0 | 0 | (1) | 0 | (1) | (1) | (1) | (1) | +22.7% | ||||||
| Free cash flow | — | — | (3) | (3) | (3) | (9) | (14) | (15) | (33) | (12) | (8) | +19.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | 0 | 0 | (1) | 9 | 0 | 10 | (1) | (7) | (10) | n/m | |||||
| Net debt | — | — | (1) | (1) | (1) | (11) | (5) | (9) | (2) | (1) | 0 | (0.8%) | ||||||
| Shareholders’ equity | — | — | 2 | 1 | 0 | 11 | 2 | 11 | 0 | (5) | (8) | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | (290.95) | (85.87) | (129.52) | (70.24) | (86.99) | (81.73) | (168.26) | (135.23) | (103.98) | +155.7 pt | |||||
| ROIC | — | — | (1,086.79) | (669.00) | 0.00 | (1,553.52) | 0.00 | (525.55) | 0.00 | 0.00 | 0.00 | +1,086.8 pt | ||||||
| ROE | — | — | (944.31) | (298.60) | (1,057.36) | (145.98) | (228.63) | (259.79) | (693.81) | 1,108.89 | 610.66 | +2,053.2 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | 12 | 12 | 12 | 17 | 27 | 28 | 45 | 33 | — | +15.5% | |||||
| Revenue/emp, $m | — | — | 0.59 | 1.06 | 1.65 | 1.89 | 1.42 | 1.65 | 1.22 | 1.93 | — | +18.5% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2023 · latest quarter Jun 2023 · fundamentals updated 26 Oct 2026
Alkaline Water Company Inc. vs peers in Beverages Non Alcoholic (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 |
|---|---|---|---|---|---|---|---|---|---|
| AKO.B Embotelladora Andina S.A. | $2.2B | 13.9× | — | +11.10% (above 0%: growing) | +4.00% (above 0%: growing) | +930.72% (above 0%: growing) | 38.92% | 10.52% | Compare |
| AKO.A Embotelladora Andina S.A. | $2.0B | 12.1× | — | +23.23% (above 0%: growing) | +12.74% (above 0%: growing) | +930.72% (above 0%: growing) | 38.39% | 11.21% | Compare |
| SUJA Suja Life Inc. | $392.4M | — | — | — | — | — | 46.71% | (24.50%) | Compare |
| ZVIA Zevia PBC | $105.2M | — (loss-making) | — (loss-making) | +18.36% (above 0%: growing) | n/m | +2,170.77% (above 0%: growing) | 46.42% | (4.47%) | Compare |
| BUDA Buda Juice Inc. | $82.3M | — | — | — | — | −209.15% (below 0%: shrinking) | 36.62% | 9.85% | Compare |
| REED Reeds, Inc. | $11.5M | — (loss-making) | — (loss-making) | −21.37% (below 0%: shrinking) | n/m | +57.24% (above 0%: growing) | 23.89% | (54.27%) | Compare |
| BNKK Bonk, Inc. | $7.8M | — (loss-making) | — | +2,491.09% (above 0%: growing) | n/m | −158.27% (below 0%: shrinking) | 33.61% | (174.80%) | Compare |
| BRFH Barfresh Food Group Inc. | $7.5M | — (loss-making) | — (loss-making) | +189.66% (above 0%: growing) | n/m | +13.13% (above 0%: growing) | (3.19%) | (32.23%) | Compare |
| WTER Alkaline Water Company Inc. | $490.0K | — (loss-making) | — (loss-making) | −8.49% (below 0%: shrinking) | n/m | +87.79% (above 0%: growing) | 25.26% | (16.19%) | |
| Median of peers | $93.7M | — | — | +20.80% | — | +57.24% | 37.51% | (14.48%) |
Pay and ownership Proxy statement filed 7 November 2023
Ownership
Directors and executive officers, together
4.10% of Common Stock
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