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YO

The York Water Company

YORWUtilitiesNASDAQ

Utilities - Regulated Water

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Financials · Annual
Revenue
$77.5M
+3.4% YoY
Net Income
$20.1M
-1.3% YoY
EBITDA
$43.7M
+0.5% YoY
Free Cash Flow
-$28.9M

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About The York Water Company

The York Water Company impounds, purifies, and distributes drinking water. With a market capitalization of $482.9M, it sits in small-cap territory. It owns and operates three wastewater collection systems; twelve wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.5 billion gallons of water.

Key stats
Market Cap$482.9M
P/E (TTM)20.27
Fwd P/E19.47
EPS$1.47
Beta0.61
52W Change-8.8%
Dividend Yield3.06%
ROE8.9%
Analysis

On the balance sheet, YORW has $1K in cash with $237.8M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$28.9M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 8.9% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.7% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $55.1M (2021) to $77.5M (2025), reflecting a 41% increase over the period.

The relatively low beta of 0.61 suggests YORW 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. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing YORW.

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