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HTO

HTO

H2O America

$57.64
1.45
 (2.58%)
Exchange:  NASDAQ
Market Cap:  2.017B
Shares Outstanding:  28.522M
Delayed data
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Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Utilities
Industry:  Regulated Water
   
CEO:  Andrew F. Walters
Full Time Employees:  822
Address: 
110 West Taylor Street
San Jose
CA
95110
US
Website:  https://www.h2o-america.com
H2O America, operating nationwide via its various subsidiaries, is a key provider of essential water utility and associated services. The company manages the entire water lifecycle, from procuring, storing, and purifying water to its distribution, wholesale, and retail sale, alongside offering wastewater management services. Its water supply is diverse, sourced from groundwater wells, surface water collected through watershed runoff and diversions, reclaimed water, and imported water acquired from the Santa Clara Valley Water District. Beyond its primary utility offerings, H2O America also delivers a suite of non-regulated services. These include the management and maintenance of water systems, various contracted services, leasing opportunities for antenna sites, and other water and sewer operational services. A notable offering is the “Linebacker protection plan,” specifically tailored for its public drinking water clients in Connecticut and Maine. The company’s extensive service footprint spans several regions. In California, it supplies water to approximately 232,000 connections, benefiting about one million residents in portions of San Jose and Cupertino, as well as the cities of Campbell, Monte Sereno, Saratoga, the Town of Los Gatos, and surrounding unincorporated areas of Santa Clara County. In Connecticut and Maine, H2O America serves roughly 142,000 connections, providing water to an estimated 463,000 individuals across 81 municipalities within an approximate 275-square-mile service area. Additionally, it oversees around 3,000 wastewater connections in Southbury, Connecticut. Further south, in the corridor between San Antonio and Austin, Texas, the company services approximately 29,000 water connections for about 88,000 people across an area exceeding 271 square miles, supplemented by approximately 1,000 wastewater connections. H2O America also holds various real estate assets, including undeveloped land in California and both commercial properties and land parcels situated in Connecticut. The company, which was incorporated in 1985 and is headquartered in San Jose, California, was previously known as SJW Group before officially rebranding to H2O America in May 2025.

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Revenue Segmentation

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EPS

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Earnings Call

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Earnings transcript

Read the complete earnings call transcript.

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Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/04/29 — Q1 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue670,363748,439800,590
Gross Profit388,434425,116374,106
EBITDA265,225289,377321,327
Operating Income149,435170,503180,991
Net Income84,98793,967102,578

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets4,345,0674,658,3090
Total Liabilities3,111,6703,291,335581,271
Total Stockholders Equity1,233,3971,366,9741,540,771
Total Debt1,747,1741,829,67623,504
Cash and Cash Equivalents9,72311,1140

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Cash Flow Statement

Year202320242025
Operating Cash Flow190,831195,526244,803
Capital Expenditure-290,724-380,6380
Free Cash Flow-99,893-185,112244,803
Net Income84,98793,967102,578
Net Change in Cash-2,6211,3919,572

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2030Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)1,114,543.965Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)1,205,022.164Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)1,166,116.325Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)461,414.361Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)498,871.781Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)482,765.002Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)148,732.851Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)164,650.265Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)157,805.831Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)174,631.744Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)188,808.274Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)182,712.333Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)4.380Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)4.570Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)4.130Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)3Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)2Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
  ?P/S
 (TTM)
: 
2.46
?Net Income
 (TTM)
: 
  ?P/E
 (TTM)
: 
20.74
?Enterprise Value
 (TTM)
: 
3.731B  ?EV/FCF
 (TTM)
: 
-8.52
?Dividend Yield
 (TTM)
: 
0.03  ?Payout Ratio
 (TTM)
: 
0.58
?ROE
 (TTM)
: 
0.07  ?ROIC
 (TTM)
: 
0.03
?Net Debt
 (TTM)
: 
  ?Debt/Equity
 (TTM)
: 
1.02
?P/B
 (TTM)
: 
1.19  ?Current Ratio
 (TTM)
: 
2.02

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Full Access for high/low estimates and the interactive table.

Forward P/E 1YFull AccessFull AccessFull AccessFull Access
20.96Full AccessFull AccessFull AccessFull Access

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SWOT Analysis

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At what price to buy it? -
Intrinsic Value Calculator

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.

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Common questions about HTO valuation

Is H2O America (HTO) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for H2O America (HTO) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is HTO a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether HTO trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is HTO’s P/E ratio?

You can see HTO’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for HTO?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is HTO a good long-term investment?

Whether HTO fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

HTO

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

2.58
MARKETSnap

Trading Metrics:

Open: 56.3   Previous Close: 56.19
Day Low: 56   Day High: 58.52
Year Low: 43.75   Year High: 61.87
Price Avg 50: 57.96   Price Avg 200: 52.47
Volume: 427364   Average Volume: 569034

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See in Nexus

Relevant news

H2O America Appoints Michael Ambrozewicz as Vice President of Communications
18-05-2026 09:00
H2O America Appoints Michael Ambrozewicz as Vice President of Communications
H2O America: Dividend King Selling At A Discount To Fair Market Value
01-05-2026 04:07
H2O America: Dividend King Selling At A Discount To Fair Market Value
H2O America (HTO) Q1 2026 Earnings Call Transcript
29-04-2026 16:51
H2O America (HTO) Q1 2026 Earnings Call Transcript
ATLAS Infrastructure Invests in H2O America, Backs Long-Term Growth Strategy
10-03-2026 13:29
ATLAS Infrastructure Invests in H2O America, Backs Long-Term Growth Strategy
H2O America (HTO) Q4 2025 Earnings Call Transcript
26-02-2026 21:07
H2O America (HTO) Q4 2025 Earnings Call Transcript
H2O America to Report Fourth-Quarter and Full-Year 2025 Financial Results on February 25
12-02-2026 16:15
H2O America to Report Fourth-Quarter and Full-Year 2025 Financial Results on February 25

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