# H2O America: overview

HTO · Nasdaq · CIK 766829 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/hto.md) · [Financials](/companies/hto/financials.md) · [Filings](/companies/hto/filings.md) · [Insiders](/companies/hto/insiders.md)

Latest reported revenue: [$253.2m](/filings/0001628280-26-067302.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 26, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-067302).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [197 d](/filings/0001628280-26-012438.md) | [165](/filings/0001628280-26-028427.md) | [198](/filings/0001628280-26-050198.md) | [244](/filings/0001628280-26-067302.md) | [199 d](/filings/0001628280-26-012438.md) | [179](/filings/0001628280-26-028427.md) | [208](/filings/0001628280-26-050198.md) | [253](/filings/0001628280-26-067302.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [22.2% d](/filings/0001628280-26-012438.md) | [21.8%](/filings/0001628280-26-028427.md) | [22.2%](/filings/0001628280-26-050198.md) | [26.5%](/filings/0001628280-26-067302.md) | [16.6% d](/filings/0001628280-26-012438.md) | [20.9%](/filings/0001628280-26-028427.md) | [20.6%](/filings/0001628280-26-050198.md) | [23.9%](/filings/0001628280-26-067302.md) |
| Net margin | % | [11.7% d](/filings/0001628280-26-012438.md) | [10.0%](/filings/0001628280-26-067302.md) | [12.5%](/filings/0001628280-26-067302.md) | [18.5%](/filings/0001628280-26-067302.md) | [8.1% d](/filings/0001628280-26-012438.md) | [10.6%](/filings/0001628280-26-067302.md) | [12.8%](/filings/0001628280-26-067302.md) | [17.0%](/filings/0001628280-26-067302.md) |
| Diluted EPS | $ per share | not reported | [0.49](/filings/0001628280-26-028427.md) | [0.71](/filings/0001628280-26-050198.md) | [1.27](/filings/0001628280-26-067302.md) | not reported | [0.49](/filings/0001628280-26-028427.md) | [0.62](/filings/0001628280-26-050198.md) | [0.99](/filings/0001628280-26-067302.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [560](/filings/0000766829-24-000023.md) | [587](/filings/0000766829-25-000009.md) | [678](/filings/0001628280-26-012438.md) | [736](/filings/0001628280-26-012438.md) | [806](/filings/0001628280-26-012438.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [19.9%](/filings/0000766829-24-000023.md) | [22.3%](/filings/0000766829-25-000009.md) | [22.0%](/filings/0001628280-26-012438.md) | [23.2%](/filings/0001628280-26-012438.md) | [22.0%](/filings/0001628280-26-012438.md) |
| Net margin | % | [10.8%](/filings/0000766829-24-000023.md) | [12.6%](/filings/0000766829-25-000009.md) | [12.5%](/filings/0001628280-26-012438.md) | [12.8%](/filings/0001628280-26-012438.md) | [12.7%](/filings/0001628280-26-012438.md) |
| Diluted EPS | $ per share | [2.03](/filings/0000766829-24-000023.md) | [2.43](/filings/0000766829-25-000009.md) | [2.68](/filings/0001628280-26-012438.md) | [2.87](/filings/0001628280-26-012438.md) | [2.92](/filings/0001628280-26-012438.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/hto/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $431.9m | 7,106,413 |  | Added +688,680 |
| [ATLAS Infrastructure Partners (UK) Ltd.](/funds/1924953.md) | 2026-06-30 | $280.3m | 4,612,035 |  | Added +79,951 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $121.3m | 1,995,839 |  | Added +382,268 |
| [ANTIPODES PARTNERS Ltd](/funds/1652442.md) | 2026-06-30 | $106.9m | 1,759,602 |  | Reduced −489,427 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $95.7m | 1,574,377 |  | Reduced −112,876 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $94.5m | 1,554,683 |  | Added +123,532 |
| [Cerity Partners LLC](/funds/1566475.md) | 2026-06-30 | $79.4m | 1,307,227 |  | Reduced −2,452 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $76.8m | 1,263,898 |  | Added +94,820 |
| [SOROS FUND MANAGEMENT LLC](/funds/1029160.md) | 2026-06-30 | $76.2m | 1,254,368 |  | Added +25,621 |
| [VICTORY CAPITAL MANAGEMENT INC](/funds/1040188.md) | 2026-06-30 | $71.0m | 1,168,734 |  | Added +256,839 |

## Recent filings

[All 1,286 filings](/companies/hto/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-26 | 16:34 ET | [10-Q](/filings/0001628280-26-067302.md) | Quarterly report, period 2026-09-30 | 0001628280-26-067302 |
| 2026-10-26 | 16:29 ET | [8-K](/filings/0001628280-26-067295.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-067295 |
| 2026-10-01 | 16:18 ET | [8-K](/filings/0001628280-26-064259.md) | 2.01 Completion of an acquisition or disposition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-064259 |
| 2026-07-28 | 16:29 ET | [10-Q](/filings/0001628280-26-050198.md) | Quarterly report, period 2026-06-30 | 0001628280-26-050198 |
| 2026-07-27 | 16:45 ET | [8-K](/filings/0001628280-26-049836.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-049836 |
| 2026-06-12 | 17:21 ET | [8-K](/filings/0000766829-26-000024.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0000766829-26-000024 |
| 2026-05-19 | 17:46 ET | [8-K](/filings/0001628280-26-036086.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001628280-26-036086 |
| 2026-04-29 | 16:37 ET | [10-Q](/filings/0001628280-26-028427.md) | Quarterly report, period 2026-03-31 | 0001628280-26-028427 |
| 2026-04-28 | 16:34 ET | [8-K](/filings/0001628280-26-027968.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-027968 |
| 2026-04-03 | 21:02 ET | [DEF 14A](/filings/0001628280-26-023458.md) | Proxy statement, period 2025-12-31 | 0001628280-26-023458 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-012438.md), filed Feb 26, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 766829
- Tickers: HTO
- Exchange: Nasdaq
- SIC code: 4941 Water Supply
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 06:14 ET. No prices; not investment advice.