Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $328M | $382M | $389M | $448M | $549M | $560M | $587M | $678M | $736M | $806M |
| Revenue growth | — | 16.3% | 2.0% | 15.0% | 22.7% | 1.9% | 4.9% | 15.5% | 8.6% | 9.4% |
| Operating income | $97.4M | $102M | $73.4M | $57.5M | $118M | $111M | $131M | $149M | $171M | $178M |
| Operating margin | 29.7% | 26.7% | 18.9% | 12.8% | 21.4% | 19.9% | 22.3% | 22.0% | 23.2% | 22.0% |
| Net income | $52.8M | $59.2M | $38.8M | $23.4M | $61.5M | $60.5M | $73.8M | $85.0M | $94.0M | $103M |
| Net margin | 16.1% | 15.5% | 10.0% | 5.2% | 11.2% | 10.8% | 12.6% | 12.5% | 12.8% | 12.7% |
| EPS (diluted) | $2.57 | $2.86 | $1.82 | $0.82 | $2.14 | $2.03 | $2.43 | $2.68 | $2.87 | $2.92 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $115M | $101M | $91.3M | $130M | $104M | $130M | $166M | $191M | $196M | $245M |
| Dividends paid | $16.6M | $21.3M | $23.1M | $34.1M | $36.5M | $40.1M | $43.6M | $47.9M | $52.1M | $58.6M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.35M | $7.80M | $421M | $12.9M | $5.27M | $10.9M | $12.3M | $9.72M | $11.1M | $20.7M |
| Total assets | $1.44B | $1.96B | $1.96B | $3.13B | $3.31B | $3.49B | $3.76B | $4.35B | $4.66B | $5.15B |
| Long-term debt | $433M | $431M | $431M | $1.28B | $1.29B | $1.49B | $1.49B | $1.53B | $1.71B | $1.87B |
| Shareholders' equity | $422M | $463M | $889M | $890M | $917M | $1.03B | $1.11B | $1.23B | $1.37B | $1.54B |
| Retained earnings | $338M | $376M | $394M | $383M | $408M | $428M | $458M | $495M | $537M | $581M |
| Shares (wtd avg diluted) | 20.6M | 20.7M | 21.3M | 28.6M | 28.7M | 29.7M | 30.4M | 31.7M | 32.8M | 35.1M |
Every figure is extracted from H2O AMERICA’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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