H2O America
HTOUtilitiesNASDAQUtilities - Regulated Water · Last scanned Jul 18, 2026
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Daily timeframeHeadquartered within the utilities sector, H2O America focuses on Utilities - Regulated Water services and products. H2O America, through its subsidiaries, provides water utility and other related services in the United States. The $2.74B market capitalization puts HTO squarely in mid-cap range for its industry. 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
$2.74B
Beta
0.34
P/E (TTM)
22.10
P/E (Fwd)
23.72
EPS (TTM)
$2.96
EPS (Fwd)
$2.76
ROE
6.5%
ROA
2.4%
Cash
$153.0M
Total Debt
$1.87B
Free CF
-$261.5M
52W Change
30.2%
Annual Financials
Cash vs Debt
H2O America carries $1.87B in total debt against $153.0M in cash reserves — debt is roughly 12.2x the cash position. Managing this leverage effectively will be important for long-term financial stability. 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.
HTO's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing HTO.