H2O America
HTOUtilitiesNASDAQUtilities - Regulated Water
Scan Results
Daily timeframeH2O America, through its subsidiaries, provides water utility and other related services in the United States. At a $2.40B market cap, H2O America ranks as a mid-cap company within utilities. The company engages in production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from Valley Water District.
Market Cap
$2.40B
Beta
0.34
P/E (TTM)
19.61
P/E (Fwd)
20.79
EPS (TTM)
$2.92
EPS (Fwd)
$2.75
ROE
6.5%
ROA
2.4%
Cash
$153.0M
Total Debt
$1.87B
Free CF
-$261.5M
52W Change
9.1%
Annual Financials
Cash vs Debt
The company holds $153.0M in cash, though total debt stands at $1.87B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company is burning cash, with free cash flow at -$261.5M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of 6.5% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.4% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $620.7M (2022) to $800.6M (2025), reflecting a 29% increase over the period.
The relatively low beta of 0.34 suggests HTO is a less volatile holding compared to the broader index. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for H2O America and its sector.