H2O America
Research H2O America (HTO) on Bullrun: valuation model: 0.6% overvalued, market cap USD 2.45B, P/E 20.7, dividend yield 3.0%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerHTO
- ExchangeNASDAQ
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Water
- CurrencyUSD
- Valuation signal0.6% overvalued
- Market capUSD 2.45B
- P/E20.7
- Dividend yield3.0%
- Financial periodQ2 2026
- RevenueUSD 210.47M
- Net incomeUSD 26.59M
- Free cash flow-USD 62.53M
- Gross margin55.8%
Valuation Snapshot
Bullrun's latest valuation model marks H2O America as 0.6% overvalued; latest market cap is USD 2.45B; P/E is 20.7; dividend yield is 3.0%.
Peer valuation comparison
Latest P/E is 20.66x versus a Utilities sector median of 17.4x (18.7% above).
Latest dividend yield is 2.97% versus a Utilities sector median of 3.57% (16.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 805.59M | USD 102.58M | -USD 278.10M | 56.7% | 2.92 | USD 20.69M | USD 1.89B | USD 1.54B |
| FY2024 | USD 736.33M | USD 93.97M | -USD 185.11M | 57.7% | 2.87 | USD 11.11M | USD 1.71B | USD 1.37B |
| FY2023 | USD 678.17M | USD 84.99M | -USD 99.89M | 57.3% | 2.68 | USD 9.72M | USD 1.58B | USD 1.23B |
| FY2022 | USD 586.92M | USD 73.83M | -USD 78.04M | 60.9% | 2.43 | USD 12.34M | USD 1.50B | USD 1.11B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 2.45B | 20.7 | 3.0% | 1.74 |
| 2025 | 2025-12-31 | USD 1.77B | 16.8 | 3.4% | 1.68 |
| 2024 | 2024-12-31 | USD 1.66B | 17.2 | 3.3% | 1.6 |
| 2023 | 2023-12-29 | USD 2.09B | 20.6 | 2.3% | 1.52 |
| 2022 | 2022-12-30 | USD 2.46B | 42.1 | 1.8% | 1.44 |
| 2021 | 2021-12-31 | USD 2.21B | 36.2 | 1.9% | 1.36 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.74 USD, yield 3.0%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.68 USD |
| FY2024 | 1.6 USD |
| FY2023 | 1.52 USD |
| FY2022 | 1.44 USD |
About H2O America
H2O America, through its subsidiaries, provides water utility and other related services in the United States. 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.
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Frequently asked questions
Is H2O America overvalued or undervalued?
Bullrun's valuation model currently marks H2O America as 0.6% overvalued.
What is H2O America's market cap?
H2O America's market capitalization is USD 2.45B.
What is H2O America's P/E ratio?
H2O America's price-to-earnings (P/E) ratio is 20.7.
Does H2O America pay a dividend?
H2O America has a dividend yield of 3.0%.
What does H2O America do?
H2O America, through its subsidiaries, provides water utility and other related services in the United States. 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.