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

Alkaline Water Company Inc.

WTER Consumer Defensive Beverages Non Alcoholic

Revenue growth for ten consecutive years, operating cash flow growth for three.

0.02 0.00 0.00%

Follow WTER

Alert me

Market cap: $490.0K
P/E: 0.0×
Fwd P/E: −1.1×
Dividend yield: —
F-score: 5/9
Altman Z: −11.07
Beneish M: −7.43
Dividend safety: n/a

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

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 0.49

Revenue 62.39

Net Income (22.75)

Free Cash Flow (8.34)

Net Debt (0.41)

Current Ratio 0.58

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (1.05)

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 43.47%

Next 5Y EPS Growth —

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

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 4.06%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2021	2022	2023	Q'23
Cash	9	2	1	0
Receivables	8	8	7	5
Inventory	4	9	6	6
Other	—	—	—	—
	23	21	16	13

	2021	2022	2023	Q'23
Payables	7	10	12	13
ST’ Debt	—	—	—	—
Other	4	7	6	6
	13	22	23	23

Compound Annual Growth %

	10y	5y	3y
Sales	—	26.34%	18.40%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	0.00%

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	15	—	—	—	—
’23	16	20	16	12	64
’22	14	15	13	12	55
’21	13	10	10	13	46
’20	10	10	8	9	38
’19	8	9	8	8	32
’18	5	5	4	6	20

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	0	—	—	—	—
’23	(2)	(7)	0	(1)	(10)
’22	(6)	(13)	(7)	(6)	(32)
’21	(1)	(7)	(1)	(5)	(14)
’20	(3)	(5)	(2)	(5)	(14)
’19	(2)	(1)	(2)	(3)	(8)
’18	(1)	0	(1)	(1)	(3)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	0	—	—	—	—
’23	(3)	(7)	0	(1)	(12)
’22	(6)	(13)	(7)	(6)	(33)
’21	(1)	(7)	(2)	(5)	(15)
’20	(3)	(5)	(2)	(5)	(14)
’19	(2)	(1)	(3)	(3)	(9)
’18	(1)	0	(1)	(1)	(3)

Fiscal quarters ending in the months shown.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	(2.80)	—	—	—	—
’23	(9.00)	(9.00)	(4.50)	(7.11)	(29.90)
’22	(11.99)	(16.49)	(14.99)	(14.99)	(59.97)
’21	(7.50)	(9.00)	(9.00)	(9.00)	(35.98)
’20	(17.99)	(10.49)	(10.49)	(13.49)	(50.97)
’19	(6.00)	(4.50)	(16.49)	(11.99)	(40.48)
’18	(14.99)	(9.00)	(17.99)	(6.86)	(49.47)

Fiscal quarters ending in the months shown.

Group	Line	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024e
Price, $
Price, $	Low	—	—	60.15	127.50	120.00	154.50	60.00	139.50	21.38	1.82	Analyst estimates 2024–2026 Powerpack
	High	—	—	334.35	306.00	834.38	645.00	390.00	352.50	187.50	44.25
People
People	Employees	—	—	12	12	12	17	27	28	45	33
	Revenue/emp, $m	—	—	0.59	1.06	1.65	1.89	1.42	1.65	1.22	1.93
Income, $m
Income, $m	Revenue	—	—	7	13	20	32	38	46	55	64
	Gross margin, %	—	—	37.47	42.41	41.01	40.21	34.15	35.70	17.15	18.26
	EBT	—	—	(8)	(3)	(7)	(9)	(15)	(16)	(40)	(27)
	EBT margin, %	—	—	(116.83)	(27.07)	(33.75)	(26.76)	(38.58)	(35.62)	(72.27)	(42.97)
	Net income	—	—	(8)	(3)	(7)	(9)	(15)	(16)	(40)	(27)
	Depreciation	—	—	1	1	1	1	1	1	1	2
Per share, $
Per share, $	Revenue	—	—	281.30	123.08	143.88	151.17	133.95	99.37	82.89	69.61
	Earnings	—	—	(328.34)	(32.98)	(49.47)	(40.48)	(50.97)	(35.98)	(59.97)	(29.90)
	Cash flow	—	—	(123.39)	(24.63)	(19.07)	(38.16)	(47.55)	(30.80)	(48.15)	(11.38)
	Capex	—	—	(13.69)	(2.44)	(2.31)	(6.37)	(1.70)	(1.26)	(1.50)	(1.58)
	Free cash flow	—	—	(137.08)	(27.07)	(21.38)	(44.53)	(49.25)	(32.07)	(49.65)	(12.96)
	Book value	—	—	60.59	8.03	3.34	53.32	5.65	23.76	0.61	(5.82)
	Shares, m	—	—	0	0	0	0	0	0	1	1
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	1.04	1.32	1.04	2.39	0.67	1.65	1.66	0.35
	P/B	—	—	4.90	20.74	45.41	6.78	15.95	6.88	229.87	0.00
	EV/Sales	—	—	0.89	1.27	1.00	2.06	0.55	1.45	1.64	0.33
	EV/FCF	—	—	(1.82)	(5.77)	(6.76)	(6.98)	(1.50)	(4.49)	(2.74)	(1.77)
Cash, $m
Cash, $m	Operating cash flow	—	—	(3)	(3)	(3)	(8)	(14)	(14)	(32)	(10)
	Capex	—	—	0	0	0	(1)	0	(1)	(1)	(1)
	Free cash flow	—	—	(3)	(3)	(3)	(9)	(14)	(15)	(33)	(12)
Balance, $m
Balance, $m	Working capital	—	—	0	0	(1)	9	0	10	(1)	(7)
	Total debt	—	—	0	0	3	3	7	0	0	0
	Net debt	—	—	(1)	(1)	(1)	(11)	(5)	(9)	(2)	(1)
	Shareholders’ equity	—	—	2	1	0	11	2	11	0	(5)
Returns, %
Returns, %	ROA	—	—	(290.95)	(85.87)	(129.52)	(70.24)	(86.99)	(81.73)	(168.26)	(135.23)
	ROIC	—	—	(1,086.79)	(669.00)	0.00	(1,553.52)	0.00	(525.55)	0.00	0.00
	ROE	—	—	(944.31)	(298.60)	(1,057.36)	(145.98)	(228.63)	(259.79)	(693.81)	1,108.89

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2023 · latest quarter Jun 2023

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
COCO Vita Coco Company, Inc.	$3.3B	30.8×	43.2×	+28.08% (above 0%: growing)	+115.00% (above 0%: growing)	+287.22% (above 0%: growing)	48.72%	29.21%	Compare
FIZZ National Beverage Corp.	$3.2B	18.7×	18.1×	+0.04% (above 0%: growing)	−16.67% (below 0%: shrinking)	+10.33% (above 0%: growing)	35.02%	17.69%	Compare
AKO.B Embotelladora Andina S.A.	$2.3B	14.1×	—	+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.	$1.9B	11.8×	—	+11.10% (above 0%: growing)	+4.00% (above 0%: growing)	+930.72% (above 0%: growing)	38.92%	10.52%	Compare
BUDA Buda Juice Inc.	$97.3M	—	—	—	—	−209.15% (below 0%: shrinking)	36.62%	9.85%	Compare
ZVIA Zevia PBC	$92.8M	— (loss-making)	— (loss-making)	+1.07% (above 0%: growing)	n/m	+253.76% (above 0%: growing)	48.94%	(6.42%)	Compare
BRFH Barfresh Food Group Inc.	$9.5M	— (loss-making)	— (loss-making)	+189.66% (above 0%: growing)	n/m	+13.13% (above 0%: growing)	(3.19%)	(32.23%)	Compare
REED Reeds, Inc.	$5.3M	— (loss-making)	— (loss-making)	−21.37% (below 0%: shrinking)	n/m	+57.24% (above 0%: growing)	23.89%	(54.27%)	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	$993.6M	16.4×	—	+11.10%	+4.00%	+155.50%	37.77%	10.19%

All 17 Beverages Non Alcoholic stocks →