H2O AMERICA
HTO · Water Supply · 41.8M shares · +3%/yr ↑ shares · EDGAR filings ↗
Reference price $57.52 · est. market cap ~$2.4B — last insider sale, 2026-05-29 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C59Below-median water utility with decent growth but weak returns and elevated leverage.
Strengths
- Solid revenue (9.4%, 66.7th pct) and net income growth (9.2%, 66.7th pct)
- Adequate cash position (58th pct)
Risks
- ROE 6.7% (27th pct) and ROA 2.0% (25th pct) are well below median
- High leverage (D/E 1.21, 80th pct) and weak liquidity (current ratio 0.70)
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
22.0%
Net margin
12.7%
Return on equity
6.7%
Return on assets
2.0%
ROIC
4.1%
Revenue growth (QoQ)
-8.0%
Net-income growth
9.2%
Debt / equity
1.2×
Net debt / EBITDA
6.2×
Current ratio
0.7×
EBITDA
$298M
Tangible book value
$859M
Cash & investments
$21M
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | Walters Andrew F | Gift | 3.5K | — |
| 2026-05-29 | ATLAS Infrastructure Partners (UK) Ltd. | Sell | 1.4K | $57.52 |
| 2026-05-29 | ATLAS Infrastructure Partners (UK) Ltd. | Buy | 31K | $57.62 |
| 2026-05-13 | Rowe Nick Orlando | Grant | 1.9K | — |
| 2026-05-13 | Heather Hunt | Grant | 1.9K | — |
| 2026-05-13 | WALLACE CAROL P | Grant | 1.9K | — |
| 2026-05-13 | HANLEY MARY ANN | Grant | 1.9K | — |
| 2026-05-13 | KRUGER DENISE L | Grant | 1.9K | — |
| 2026-05-13 | Guardino Carl | Grant | 1.9K | — |
| 2026-05-13 | More Daniel B. | Grant | 1.9K | — |
| 2026-05-13 | KLEIN REBECCA A | Grant | 1.9K | — |
| 2026-04-10 | ATLAS Infrastructure Partners (UK) Ltd. | Buy | 50K | $59.06 |
| 2026-04-10 | GIP ATLAS Holdings Ltd | Buy | 50K | $59.06 |
| 2026-03-01 | Rowe Nick Orlando | Grant | 505 | — |
| 2026-02-27 | Walters Andrew F | Tax withheld | 605 | $53.79 |
| 2026-02-27 | Brown Willie D. Jr. | Grant | 1.4K | — |
| 2026-02-27 | Brown Willie D. Jr. | Grant | 1.3K | — |
| 2026-02-27 | Brown Willie D. Jr. | Tax withheld | 521 | $53.79 |
| 2026-02-27 | Mattern Megan | Grant | 2.2K | — |
| 2026-02-27 | Johnson A Kristen | Grant | 1.3K | — |
| 2026-02-27 | Johnson A Kristen | Grant | 1.3K | — |
| 2026-02-27 | Johnson A Kristen | Tax withheld | 470 | $53.79 |
| 2026-02-27 | Hauk Bruce A | Grant | 2.7K | — |
| 2026-02-27 | Hauk Bruce A | Grant | 1.5K | — |
| 2026-02-27 | Hauk Bruce A | Tax withheld | 378 | $53.79 |
| 2026-02-27 | Kelly Ann P | Grant | 1.7K | — |
| 2026-02-27 | Walters Andrew F | Grant | 6.0K | — |
| 2026-02-27 | Walters Andrew F | Grant | 1.7K | — |
| 2026-01-03 | Brown Willie D. Jr. | Tax withheld | 178 | $49.86 |
| 2026-01-03 | Johnson A Kristen | Tax withheld | 160 | $49.86 |
| 2026-01-03 | Walters Andrew F | Tax withheld | 216 | $49.86 |
| 2026-01-03 | Hauk Bruce A | Tax withheld | 152 | $49.86 |
| 2026-01-02 | Hauk Bruce A | Tax withheld | 873 | $49.25 |
| 2026-01-02 | Brown Willie D. Jr. | Tax withheld | 565 | $49.25 |
| 2026-01-02 | Kelly Ann P | Tax withheld | 200 | $49.25 |
| 2026-01-02 | Walters Andrew F | Tax withheld | 682 | $49.25 |
| 2026-01-02 | Johnson A Kristen | Tax withheld | 514 | $49.25 |
| 2025-12-01 | Kelly Ann P | Tax withheld | 581 | $46.86 |
| 2025-11-13 | Walters Andrew F | Sell | 2.1K | $47.22 |
| 2025-08-22 | Hauk Bruce A | Tax withheld | 116 | $50.98 |
| 2025-07-30 | Mattern Megan | Grant | 2.4K | — |
| 2025-07-30 | Mattern Megan | Grant | 10K | — |
| 2025-07-01 | Kelly Ann P | Grant | 952 | — |
| 2025-07-01 | Johnson A Kristen | Grant | 2.0K | — |
| 2025-07-01 | Walters Andrew F | Grant | 3.6K | — |
| 2025-07-01 | Hauk Bruce A | Grant | 2.1K | — |
| 2025-05-14 | Guardino Carl | Grant | 2.2K | — |
| 2025-05-14 | More Daniel B. | Grant | 2.2K | — |
| 2025-05-14 | Heather Hunt | Grant | 2.2K | — |
| 2025-05-14 | WALLACE CAROL P | Grant | 2.2K | — |
| 2025-05-14 | HANLEY MARY ANN | Grant | 2.2K | — |
| 2025-05-14 | KRUGER DENISE L | Grant | 2.2K | — |
| 2025-05-14 | LANDIS GREGORY P | Grant | 2.2K | — |
| 2025-05-14 | KLEIN REBECCA A | Grant | 2.2K | — |
| 2025-04-30 | Moniz-Witten Tanya | Tax withheld | 1.1K | $56.74 |
| 2025-03-25 | Moniz-Witten Tanya | Tax withheld | 271 | $51.18 |
| 2025-02-28 | Brown Willie D. Jr. | Grant | 1.6K | — |
| 2025-02-28 | Brown Willie D. Jr. | Tax withheld | 568 | $52.67 |
| 2025-02-28 | Hauk Bruce A | Grant | 1.6K | — |
| 2025-02-28 | Hauk Bruce A | Tax withheld | 389 | $52.67 |
| 2025-02-28 | Patla Craig J | Grant | 165 | — |
| 2025-02-28 | Patla Craig J | Tax withheld | 53 | $52.67 |
| 2025-02-28 | Walters Andrew F | Grant | 1.9K | — |
| 2025-02-28 | Walters Andrew F | Tax withheld | 597 | $52.67 |
| 2025-02-28 | Thornburg Eric W | Grant | 12K | — |
| 2025-02-28 | Thornburg Eric W | Tax withheld | 4.5K | $52.67 |
| 2025-02-28 | Johnson A Kristen | Grant | 1.6K | — |
| 2025-02-28 | Johnson A Kristen | Tax withheld | 506 | $52.67 |
| 2025-01-27 | Walters Andrew F | Tax withheld | 33 | $49.05 |
| 2025-01-03 | Brown Willie D. Jr. | Tax withheld | 364 | $48.27 |
| 2025-01-03 | Hauk Bruce A | Tax withheld | 151 | $48.27 |
| 2025-01-03 | Patla Craig J | Tax withheld | 273 | $48.27 |
| 2025-01-03 | Walters Andrew F | Tax withheld | 385 | $48.27 |
| 2025-01-03 | Thornburg Eric W | Tax withheld | 1.7K | $48.27 |
| 2025-01-03 | Johnson A Kristen | Tax withheld | 329 | $48.27 |
| 2025-01-02 | Busschops Douwe | Grant | 1.8K | — |
| 2025-01-02 | Moniz-Witten Tanya | Grant | 2.3K | — |
| 2025-01-02 | Brown Willie D. Jr. | Grant | 2.4K | — |
| 2025-01-02 | Brown Willie D. Jr. | Tax withheld | 237 | $48.70 |
| 2025-01-02 | Hauk Bruce A | Grant | 3.0K | — |
| 2025-01-02 | Hauk Bruce A | Tax withheld | 370 | $48.70 |
| 2025-01-02 | Hauk Bruce A | Tax withheld | 205 | $48.70 |
| 2025-01-02 | Kelly Ann P | Grant | 1.8K | — |
| 2025-01-02 | Patla Craig J | Grant | 2.3K | — |
| 2025-01-02 | Patla Craig J | Tax withheld | 198 | $48.70 |
| 2025-01-02 | Walters Andrew F | Grant | 3.2K | — |
| 2025-01-02 | Walters Andrew F | Tax withheld | 288 | $48.70 |
| 2025-01-02 | Thornburg Eric W | Grant | 11K | — |
| 2025-01-02 | Thornburg Eric W | Tax withheld | 1.2K | $48.70 |
| 2025-01-02 | Johnson A Kristen | Grant | 2.4K | — |
| 2025-01-02 | Johnson A Kristen | Tax withheld | 223 | $48.70 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-12 | Exec/director changeExhibits | filing ↗ |
| 2026-05-19 | Shareholder voteExhibits | filing ↗ |
| 2026-04-28 | ResultsExhibits | filing ↗ |
| 2026-03-04 | Material agreementReg FDOtherExhibits | filing ↗ |
| 2026-03-02 | Exhibits | filing ↗ |
| 2026-02-25 | ResultsExhibits | filing ↗ |
| 2025-12-29 | OtherExhibits | filing ↗ |
| 2025-12-15 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-10 | 0000766829-26-000024 ↗ |
| 8-K | 2026-05-19 | 2026-05-13 | 0001628280-26-036086 ↗ |
| 10-Q | 2026-04-29 | 2026-03-31 | 0001628280-26-028427 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0001628280-26-027968 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001104659-26-023470 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001104659-26-022239 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001628280-26-012438 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001628280-26-011683 ↗ |
| 8-K | 2025-12-29 | 2025-12-29 | 0001628280-25-058986 ↗ |
| 8-K | 2025-12-15 | 2025-12-09 | 0001628280-25-056880 ↗ |
| 8-K | 2025-10-28 | 2025-10-27 | 0001628280-25-046536 ↗ |
| 10-Q | 2025-10-28 | 2025-09-30 | 0001628280-25-046847 ↗ |