HTO H2O America - Common Stock
NASDAQ · Utilities · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 28, 2026
$60.13
· of 52w range
· above low
· to high
$43.7552w low
$67.0952w high
Market Cap (MRQ)
$2.52B
P/E (TTM)
21.2
EPS (TTM)
$2.83
Revenue (TTM)
$829M
your badges
52W Range
$44–$67
Analyst Rating
BUY
Price Target
$67
P/E
21.2
ROE
6.5%
Net Profit Margin
12.9%
Your badge strip is empty — pin a metric anywhere on this page.
HTO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$60.13
Market Cap (MRQ)
$2.52B
P/E (TTM)
21.2
EPS (TTM)
$2.83
Revenue (TTM)
$829M
Div Yield
2.3%
ROE (TTM)
6.5%
Debt/Equity (MRQ)
1.0
52W Range
$44–$67
HTO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
Stock splits
| Ex-date | Split | Type |
|---|---|---|
| March 17, 2006 | 2-for-1 | Forward |
| March 2, 2004 | 3-for-1 | Forward |
| July 24, 1985 | 2-for-1 | Forward |
About H2O America - Common Stock Company overview from Wikipedia
H2O America (formerly known as SJW Group) ("SJW") is a water utility processing, distribution, wholesale and retail company based in San Jose, California. It serves 228,000 connections that serves over 1 million residents in regions of California, and approximately 17,000 connections, which serves about 60,000 people in Texas. The enterprise value (as of December 2021) is $3.76 billion.
## Operations
The company has four subsidiaries, comprising San Jose Water Company, SJWTX, Inc., SJW Land Company as well as Texas Water Alliance Limited (TWA). TWA is engaged in operating the essential water supply activities in Texas. The company's diverse utility property include land held in fee, impounding reservoirs, diversion facilities, wells, distribution storage, and all water facilities, equipment, office buildings, etc. In 2012, the revenue generated by purchased water made up about 40% to 45% of the company’s annual revenue.
The company attended the industry’s conference, Water Utility Conference of 2013, as one of the largest water utility companies in the U.S.
In October 2018, it was announced that SJW was acquiring Connecticut Water Service, a water utility company serving communities in Connecticut and Maine, pending federal approval. The acquisition was completed in October 2019.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorUtilities
industryUtilities
employees837
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$801M2021-12-31 → 2025-12-31
EPS$2.922021-12-31 → 2025-12-31
Net margin12.9%2021-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | HTO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 21.25Y avg ≈22.9 | ≈22.9 | 21.5 | Fair value | |
| P/S (TTM) | 3.05Y avg ≈2.9 | ≈2.9 | 5.5 | Undervalued | |
| P/B (MRQ) | 1.45Y avg ≈1.6 | ≈1.6 | 1.9 | Undervalued | |
| EV / EBITDA | 14.75Y avg ≈13.7 | ≈13.7 | 14.3 | Undervalued | |
| Price / Cash Flow | 10.35Y avg ≈10.4 | ≈10.4 | 14.1 | Undervalued | |
| EV / Revenue | 5.55Y avg ≈5.2 | ≈5.2 | · | · | |
| Price / Tangible Book | 2.95Y avg ≈3.4 | ≈3.4 | · | · | |
| PEG Ratio | ≈3.3 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | HTO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 21.5%5Y avg ≈22.1% | ≈22.1% | 30.2% | Weak | |
| EBITDA Margin (TTM) | 37.0%5Y avg ≈38.0% | ≈38.0% | 34.4% | Weak | |
| Pretax Margin (TTM) | 14.3%5Y avg ≈13.7% | ≈13.7% | 29.7% | Weak | |
| Net Profit Margin (TTM) | 12.9%5Y avg ≈12.5% | ≈12.5% | 22.4% | Weak | |
| ROA (TTM) | 2.1%5Y avg ≈2.1% | ≈2.1% | 3.1% | Weak | |
| ROE (TTM) | 6.5%5Y avg ≈6.9% | ≈6.9% | 9.0% | Weak | |
| ROIC | 4.6%5Y avg ≈4.8% | ≈4.8% | 5.8% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | HTO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 1.05Y avg ≈1.3 | ≈1.3 | 0.7 | High debt | |
| Current Ratio (MRQ) | 1.75Y avg ≈0.6 | ≈0.6 | 1.0 | Strong liquidity | |
| Quick Ratio | 0.35Y avg ≈0.3 | ≈0.3 | 0.4 | Strong liquidity | |
| Long-Term Debt / Equity (MRQ) | 1.05Y avg ≈1.3 | ≈1.3 | 0.8 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | HTO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 7.0%5Y avg ≈8.7% | ≈8.7% | · | · | |
| Revenue CAGR 3Y | 8.8%5Y avg ≈8.0% | ≈8.0% | · | · | |
| Revenue CAGR 5Y | 7.2% | · | · | · | |
| EPS YoY | 1.7%5Y avg ≈9.7% | ≈9.7% | · | · | |
| Net Income YoY | 9.2%5Y avg ≈14.2% | ≈14.2% | · | · | |
| EPS CAGR 3Y | 6.3%5Y avg ≈8.8% | ≈8.8% | · | · | |
| EPS CAGR 5Y | 6.4% | · | · | · | |
| Net Income CAGR 3Y | 11.6%5Y avg ≈12.9% | ≈12.9% | · | · | |
| Net Income CAGR 5Y | 10.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | HTO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.25Y avg ≈0.2 | ≈0.2 | 0.1 | In line | |
| Receivables Turnover | 12.25Y avg ≈11.2 | ≈11.2 | 12.4 | In line | |
| Revenue / Employee | ≈$956.5K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield2.3%
Payout Ratio57.2%
Annualized Payout≈$1.76
5Y Div CAGR≈5.6%
Growth Streak≈44
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 10, 2026 | $0.44 | USD | ≈2.8% |
| May 11, 2026 | $0.44 | USD | ≈3.0% |
| Feb 9, 2026 | $0.44 | USD | ≈3.3% |
| Nov 10, 2025 | $0.42 | USD | ≈3.6% |
| Aug 11, 2025 | $0.42 | USD | ≈3.3% |
| May 12, 2025 | $0.42 | USD | ≈3.2% |
| Feb 10, 2025 | $0.42 | USD | ≈3.2% |
| Nov 4, 2024 | $0.40 | USD | ≈2.9% |
| Aug 5, 2024 | $0.40 | USD | ≈2.7% |
| May 3, 2024 | $0.40 | USD | ≈2.8% |
| Feb 2, 2024 | $0.40 | USD | ≈2.6% |
| Nov 3, 2023 | $0.38 | USD | ≈2.3% |
| Aug 4, 2023 | $0.38 | USD | ≈2.2% |
| May 5, 2023 | $0.38 | USD | ≈1.9% |
| Feb 3, 2023 | $0.38 | USD | ≈1.8% |
| Nov 4, 2022 | $0.36 | USD | ≈2.0% |
| Aug 5, 2022 | $0.36 | USD | ≈2.2% |
| May 6, 2022 | $0.36 | USD | ≈2.4% |
| Feb 4, 2022 | $0.36 | USD | ≈2.1% |
| Nov 5, 2021 | $0.34 | USD | ≈1.9% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
9.1%
Next Report
Oct 26, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $0.72 | $0.70 | 3.2% |
| March 31, 2026 | $0.50 | $0.47 | 5.3% | |
| Dec. 31, 2025 | $0.46 | $0.49 | -5.8% | |
| Sept. 30, 2025 | $1.28 | $1.19 | 7.9% | |
| June 30, 2025 | $0.75 | $0.70 | 7.6% | |
| March 31, 2025 | $0.50 | $0.37 | 36.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $801M | $748M | $670M | $621M | $574M | $565M | $420M | $398M | $389M | $340M | |
| SG&A Expense | $126M | $106M | $99M | $95M | $87M | $80M | $66M | $49M | $49M | $42M | |
| Operating Income | $178M | $171M | $149M | $131M | $111M | $118M | $57M | $73M | $102M | $97M | |
| Interest Expense | · | · | $66M | $58M | $54M | $54M | $32M | $24M | $23M | · | |
| Other Non-op | $4M | $55.0K | $9M | $4M | $11M | $6M | $2M | $2M | $2M | $1M | |
| Pretax Income | $115M | $103M | $91M | $82M | $69M | $70M | $32M | $49M | $96M | $86M | |
| Income Tax | $12M | $9M | $6M | $8M | $8M | $8M | $8M | $10M | $35M | $34M | |
| Net Income | $103M | $94M | $85M | $74M | $60M | $62M | $23M | $39M | $59M | $53M | |
| EPS (Basic) | $2.93 | $2.87 | $2.69 | $2.44 | $2.04 | $2.16 | $0.82 | $1.83 | $2.89 | $2.59 | |
| EPS (Diluted) | $2.92 | $2.87 | $2.68 | $2.43 | $2.03 | $2.14 | $0.82 | $1.82 | $2.86 | $2.57 | |
| Shares (Basic) | 35,002,252 | 32,701,292 | 31,575,197 | 30,304,557 | 29,601,284 | 28,521,900 | 28,443,052 | 21,214,277 | 20,506,960 | 20,439,957 | |
| Shares (Diluted) | 35,102,487 | 32,779,573 | 31,663,274 | 30,423,735 | 29,735,533 | 28,694,986 | 28,562,546 | 21,332,387 | 20,685,118 | 20,588,973 | |
| EBITDA | $298M | $286M | $258M | $237M | $208M | $209M | $126M | $130M | $149M | $139M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $21M | $11M | $10M | $12M | $11M | $5M | $13M | $421M | $8M | $6M | |
| Receivables | $62M | $69M | $68M | $59M | $54M | $47M | $36M | $19M | $17M | $16M | |
| Prepaid Expense | $12M | $10M | $11M | $10M | $10M | $8M | $7M | · | · | · | |
| Other Current Assets | $8M | $9M | $6M | $6M | $5M | $5M | $3M | $5M | $5M | $4M | |
| Current Assets | $191M | $191M | $198M | $158M | $134M | $127M | $122M | $503M | $67M | $100M | |
| PP&E (Net) | $2M | $1M | · | · | · | · | $44M | $44M | $45M | $50M | |
| PP&E (Gross) | $2M | $1M | $4.15B | $3.85B | $3.63B | $3.38B | $3.17B | $1.94B | $1.79B | $1.67B | |
| Accum. Depreciation | $103.0K | $98.0K | · | · | · | · | · | · | · | · | |
| Goodwill | $640M | $640M | $640M | $640M | $640M | $628M | $628M | $2M | · | · | |
| Intangibles | $41M | $42M | $15M | $16M | $21M | $21M | $20M | $7M | $6M | $16M | |
| Other Non-current Assets | $1.02B | $978M | $963M | $925M | $819M | $806M | $760M | $2M | $3M | $8M | |
| Total Assets | $5.15B | $4.66B | $4.35B | $3.76B | $3.49B | $3.31B | $3.13B | $1.96B | $1.96B | $1.44B | |
| Accounts Payable | $75M | $56M | $46M | $30M | $30M | $34M | $35M | $25M | $23M | $19M | |
| Current Liabilities | $273M | $261M | $343M | $268M | $203M | $351M | $235M | $164M | $85M | $64M | |
| Deferred Tax | $308M | $276M | $239M | $218M | $200M | $191M | $196M | $80M | $86M | $205M | |
| Other Non-current Liabilities | $24M | $22M | $22M | $26M | $24M | $22M | $22M | $14M | $13M | $13M | |
| Long-term Debt | $1.90B | $1.72B | $1.58B | $1.49B | $1.52B | $1.35B | $1.29B | $435M | $435M | $438M | |
| Total Debt | $1.89B | $1.71B | $1.58B | $1.50B | $1.53B | $1.36B | $1.31B | $431M | $431M | $433M | |
| Common Stock | $36.0K | $34.0K | $32.0K | $31.0K | $30.0K | $29.0K | $28.0K | $28.0K | $21.0K | $21.0K | |
| Retained Earnings | $581M | $537M | $495M | $458M | $428M | $408M | $383M | $394M | $376M | $338M | |
| AOCI | $1M | $2M | $2M | $1M | $-163.0K | $-1M | $126.0K | $0 | $2M | $2M | |
| Stockholders' Equity | $1.54B | $1.37B | $1.23B | $1.11B | $1.03B | $917M | $890M | $889M | $463M | $422M | |
| Liabilities + Equity | $5.15B | $4.66B | $4.35B | $3.76B | $3.49B | $3.31B | $3.13B | $1.96B | $1.46B | $1.44B | |
| Shares Outstanding | 36,118,242 | 33,629,169 | 32,023,004 | 30,801,912 | 30,181,348 | 28,556,605 | 28,456,508 | 28,404,316 | 20,520,856 | 20,456,225 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $120M | $115M | $108M | $106M | $96M | $92M | $68M | $57M | $51M | $46M | |
| Stock-based Comp | $6M | $6M | $5M | $5M | $4M | $4M | $3M | $2M | $3M | $2M | |
| Deferred Tax | $5M | $10M | $-9M | $-3M | $-3M | $-5M | $-1M | $-9M | $-436.0K | $5M | |
| Amort. of Intangibles | $1M | $1M | $1M | $4M | $2M | $1M | $745.0K | $647.0K | $616.0K | $530.0K | |
| Other Non-cash | $10M | $-29M | $2M | $-16M | $-28M | $-47M | $36M | $3M | $-11M | $8M | |
| Operating Cash Flow | $245M | $196M | $191M | $166M | $130M | $104M | $130M | $91M | $101M | $115M | |
| Investing Cash Flow | $-520M | $-340M | $-322M | $-244M | $-260M | $-214M | $-1.02B | $-147M | $-114M | $-122M | |
| Debt Issued | $185M | $185M | $70M | $55M | $247M | $85M | $590M | $0 | $0 | $51M | |
| Net Debt Issued | $181M | $136M | $66M | $-34M | $171M | $56M | $589M | $0 | $-3M | $34M | |
| Stock Issued | $123M | $85M | $81M | $39M | $91M | $0 | $-10.0K | $411M | $0 | $0 | |
| Net Stock Activity | $123M | $85M | $81M | $39M | $91M | $0 | $-10.0K | $411M | · | · | |
| Dividends Paid | $59M | $52M | $48M | $44M | $40M | $37M | $34M | $23M | $21M | $17M | |
| Financing Cash Flow | $285M | $146M | $129M | $78M | $133M | $102M | $485M | $468M | $-5M | $28M | |
| Net Change in Cash | $10M | $1M | $-3M | $225.0K | $3M | $-9M | $-403M | $413M | $-18M | $20M | |
| Taxes Paid | $3M | $-598.0K | $23M | $7M | $8M | $10M | $16M | $14M | $34M | $28M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 22.2% | 22.8% | 22.3% | 21.1% | 19.4% | 20.8% | 13.7% | 18.5% | · | · | |
| Net Margin | 12.8% | 12.6% | 12.7% | 11.9% | 10.5% | 10.9% | 5.6% | 9.8% | · | · | |
| Pretax Margin | 14.4% | 13.8% | 13.6% | 13.3% | 12.0% | 12.4% | 7.6% | 12.3% | · | · | |
| EBITDA Margin | 37.2% | 38.1% | 38.4% | 38.2% | 36.2% | 37.1% | 30.0% | 32.8% | · | · | |
| ROA | 2.1% | 2.1% | 2.1% | 2.0% | 1.7% | 1.9% | 0.91% | 2.0% | 4.0% | 3.6% | |
| ROE | 6.8% | 7.0% | 6.9% | 6.8% | 5.9% | 6.7% | 2.6% | 5.7% | 13.4% | 13.1% | |
| ROIC | 4.6% | 5.1% | 5.0% | 4.5% | 3.8% | 4.5% | 1.9% | 4.4% | 6.9% | 6.7% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.7 | 0.6 | 0.6 | 0.7 | 0.4 | 0.5 | 3.1 | 0.8 | 1.6 | |
| Quick Ratio | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.1 | 0.2 | 2.7 | 0.3 | 0.4 | |
| Debt / Equity | 1.2 | 1.3 | 1.3 | 1.3 | 1.5 | 1.5 | 1.5 | 0.5 | 0.9 | 1.0 | |
| LT Debt / Equity | 1.2 | 1.2 | 1.2 | 1.3 | 1.4 | 1.4 | 1.4 | 0.5 | 0.9 | 1.0 | |
| Interest Coverage | · | · | 2.3 | 2.3 | 2.0 | 2.2 | 1.8 | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | · | · | |
| Receivables Turnover | 12.2 | 11.0 | 10.6 | 11.0 | 11.4 | 13.6 | 15.2 | 21.8 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $42.66 | $40.65 | $38.52 | $36.06 | $34.28 | $32.12 | $31.28 | $31.31 | $22.57 | $20.61 | |
| Revenue / Share | $22.81 | $22.83 | $21.17 | $20.40 | $19.29 | $19.67 | $14.72 | $18.64 | · | · | |
| Cash Flow / Share | $6.97 | $5.96 | $6.03 | $5.46 | $4.37 | $3.63 | $4.55 | $4.28 | $4.89 | $5.54 | |
| Cash / Share | $0.57 | $0.33 | $0.30 | $0.40 | $0.36 | $0.18 | $0.45 | $14.81 | $0.38 | $0.31 | |
| Dividend Paid / Share | $1.68 | $1.60 | $1.52 | $1.44 | $1.36 | $1.28 | $1.20 | $1.12 | $1.04 | $0.81 | |
| EPS (TTM) | $2.92 | $2.87 | $2.68 | $2.43 | $2.03 | $2.14 | $0.82 | $1.82 | $2.86 | $2.57 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.0% | 11.7% | 8.0% | 8.2% | 1.6% | · | · | · | · | · | |
| Revenue CAGR 3Y | 8.8% | 9.3% | 5.9% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 7.2% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 1.7% | 7.1% | 10.3% | 19.7% | -5.1% | · | · | · | · | · | |
| EPS CAGR 3Y | 6.3% | 12.2% | 7.8% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 6.4% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 9.2% | 10.6% | 15.1% | 22.1% | -1.7% | · | · | · | · | · | |
| Net Income CAGR 3Y | 11.6% | 15.8% | 11.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 10.8% | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 9.9% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $801M | $748M | $670M | $621M | $574M | $565M | $420M | $398M | $389M | $340M | |
| Net Income TTM | $103M | $94M | $85M | $74M | $60M | $62M | $23M | $39M | $59M | $53M | |
| Market Cap | $1.77B | $1.66B | $2.09B | $2.50B | $2.21B | $1.98B | $2.02B | $1.58B | $1.31B | $1.15B | |
| Enterprise Value | $3.64B | $3.35B | $3.66B | $3.98B | $3.73B | $3.34B | $3.32B | $1.59B | $1.73B | $1.57B | |
| P/E | 16.8 | 17.1 | 24.4 | 33.4 | 36.1 | 32.4 | 86.7 | 30.6 | 22.3 | 21.8 | |
| P/S | 2.2 | 2.2 | 3.1 | 4.0 | 3.9 | 3.5 | 4.8 | 4.0 | 3.4 | 3.4 | |
| P/B | 1.1 | 1.2 | 1.7 | 2.3 | 2.1 | 2.2 | 2.3 | 1.8 | 2.8 | 2.7 | |
| P / Tangible Book | 2.1 | 2.4 | 3.6 | 5.5 | 5.9 | 7.4 | · | · | · | · | |
| P / Cash Flow | 7.2 | 8.5 | 11.0 | 15.0 | 17.0 | 19.0 | 15.6 | 17.3 | 13.0 | 10.0 | |
| EV / EBITDA | 12.2 | 11.7 | 14.2 | 16.8 | 18.0 | 16.0 | 26.3 | 12.2 | 11.7 | 11.3 | |
| EV / Revenue | 4.5 | 4.5 | 5.5 | 6.4 | 6.5 | 5.9 | 7.9 | 4.0 | 4.5 | 4.6 | |
| Dividend Yield | 3.3% | 3.1% | 2.3% | 1.7% | 1.8% | 1.8% | 1.7% | 1.5% | 1.6% | 1.5% | |
| Earnings Yield | 6.0% | 5.8% | 4.1% | 3.0% | 2.8% | 3.1% | 1.1% | 3.3% | 4.5% | 4.6% | |
| Payout Ratio | 57.2% | 55.5% | 56.4% | 59.0% | 66.4% | 59.4% | 145.8% | 59.5% | 36.0% | 31.3% | |
| Annual Payout | $59M | $52M | $48M | $44M | $40M | $37M | $34M | $23M | $21M | $17M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $210M | $183M | $194M | $241M | $198M | $168M | $198M | $225M | $176M | $149M | $171M | $205M | $157M | $137M | $171M | $176M | |
| SG&A Expense | $34M | $30M | $38M | $31M | $29M | $28M | $34M | $26M | $20M | $26M | $27M | $24M | $24M | $24M | $24M | $24M | |
| Operating Income | $43M | $37M | $33M | $65M | $44M | $36M | $44M | $58M | $41M | $28M | $36M | $57M | $31M | $25M | $50M | $38M | |
| Interest Expense | · | · | · | · | · | · | · | · | $18M | $18M | · | $17M | $16M | $16M | · | $14M | |
| Other Non-op | $4M | $2M | $-2M | $3M | $2M | $795.0K | $-3M | $-1M | $1M | $3M | $2M | $2M | $2M | $3M | $2M | $875.0K | |
| Pretax Income | $31M | $22M | $15M | $51M | $29M | $20M | $24M | $41M | $24M | $14M | $21M | $41M | $17M | $13M | $38M | $25M | |
| Income Tax | $4M | $3M | $-2M | $6M | $5M | $3M | $1M | $2M | $4M | $2M | $2M | $5M | $-2M | $1M | $5M | $223.0K | |
| Net Income | $27M | $19M | $16M | $45M | $25M | $17M | $23M | $39M | $21M | $12M | $19M | $36M | $18M | $12M | $33M | $25M | |
| EPS (Basic) | $0.64 | $0.50 | $0.46 | $1.27 | $0.71 | $0.49 | $0.70 | $1.17 | $0.64 | $0.36 | $0.60 | $1.14 | $0.58 | $0.37 | $1.11 | $0.83 | |
| EPS (Diluted) | $0.62 | $0.49 | $0.45 | $1.27 | $0.71 | $0.49 | $0.70 | $1.17 | $0.64 | $0.36 | $0.60 | $1.13 | $0.58 | $0.37 | $1.11 | $0.82 | |
| Shares (Basic) | 41,851,524 | 37,931,742 | · | 35,543,224 | 34,777,152 | 33,778,792 | · | 32,896,967 | 32,397,501 | 32,076,720 | · | 31,862,518 | 31,499,068 | 30,936,476 | · | 30,269,462 | |
| Shares (Diluted) | 42,865,195 | 38,549,353 | · | 35,643,826 | 34,860,349 | 33,868,565 | · | 32,982,580 | 32,460,894 | 32,144,579 | · | 31,934,636 | 31,594,494 | 31,040,897 | · | 30,392,295 | |
| EBITDA | $43M | $71M | · | $65M | $44M | $66M | · | $58M | $41M | $57M | · | $57M | $31M | $52M | · | $38M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $104M | $153M | $21M | $11M | $20M | $24M | $11M | $4M | $23M | $5M | · | $21M | $25M | $23M | · | $13M | |
| Receivables | $71M | $62M | $62M | $86M | $77M | $66M | $69M | $76M | $70M | $63M | · | $70M | $59M | $56M | · | $64M | |
| Prepaid Expense | $12M | $15M | $12M | $16M | $8M | $13M | $10M | $15M | $10M | $13M | · | $15M | $9M | $11M | · | $13M | |
| Other Current Assets | $8M | $8M | $8M | $7M | $7M | $8M | $9M | $5M | $6M | $6M | · | $6M | $6M | $6M | · | $6M | |
| Current Assets | $296M | $323M | $191M | $207M | $200M | $197M | $191M | $187M | $173M | $178M | · | $229M | $201M | $194M | · | $158M | |
| PP&E (Net) | $2M | $2M | $2M | $1M | $1M | $1M | $1M | · | · | · | · | · | · | · | · | · | |
| PP&E (Gross) | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $4.45B | $4.31B | $4.22B | · | $4.07B | $3.98B | $3.90B | · | $3.80B | |
| Accum. Depreciation | $105.0K | $104.0K | $103.0K | $101.0K | $99.0K | $99.0K | $98.0K | · | · | · | · | · | · | · | · | · | |
| Goodwill | $640M | $640M | $640M | $640M | $640M | $640M | $640M | $640M | $640M | $640M | · | $640M | $640M | $640M | · | $640M | |
| Intangibles | · | · | $41M | · | · | · | $42M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $1.04B | $1.03B | $1.02B | $1.00B | $991M | $982M | $978M | $958M | $970M | $967M | · | $837M | $806M | $803M | · | $813M | |
| Total Assets | $5.44B | $5.35B | $5.15B | $5.01B | $4.85B | $4.73B | $4.66B | $4.55B | $4.44B | $4.37B | · | $3.84B | $3.71B | $3.65B | · | $3.60B | |
| Accounts Payable | $70M | $63M | $75M | $61M | $48M | $47M | $56M | $44M | $38M | $34M | · | $36M | $36M | $26M | · | $30M | |
| Current Liabilities | $178M | $160M | $273M | $304M | $314M | $297M | $261M | $244M | $350M | $323M | · | $308M | $238M | $213M | · | $319M | |
| Deferred Tax | $318M | $312M | $308M | $303M | $286M | $280M | $276M | $268M | $241M | $240M | · | $235M | $229M | $220M | · | $208M | |
| Other Non-current Liabilities | $30M | $26M | $24M | $23M | $23M | $23M | $22M | $23M | $24M | $23M | · | $23M | $23M | $26M | · | $24M | |
| Long-term Debt | $1.89B | $1.87B | $1.90B | $1.77B | $1.71B | $1.71B | $1.72B | $1.68B | $1.56B | $1.56B | · | $1.58B | $1.56B | $1.56B | · | $1.46B | |
| Total Debt | $1.89B | $1.87B | · | $1.77B | $1.71B | $1.71B | · | $1.68B | $1.56B | $1.56B | · | $1.58B | $1.56B | $1.56B | · | $1.46B | |
| Common Stock | $42.0K | $42.0K | $36.0K | $36.0K | $35.0K | $34.0K | $34.0K | $33.0K | $33.0K | $32.0K | · | $32.0K | $32.0K | $31.0K | · | $30.0K | |
| Retained Earnings | $592M | $584M | $581M | $580M | $550M | $540M | $537M | $528M | $502M | $494M | · | $489M | $464M | $458M | · | $436M | |
| AOCI | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | · | $2M | $2M | $2M | · | $-765.0K | |
| Stockholders' Equity | $1.84B | $1.83B | $1.54B | $1.52B | $1.47B | $1.40B | $1.37B | $1.33B | $1.27B | $1.24B | $1.23B | $1.22B | $1.18B | $1.15B | $1.11B | $1.05B | |
| Liabilities + Equity | $5.44B | $5.35B | $5.15B | $5.01B | $4.85B | $4.73B | $4.66B | $4.55B | $4.44B | $4.37B | · | $3.84B | $3.71B | $3.65B | · | $3.60B | |
| Shares Outstanding | 41,852,853 | 41,839,540 | 36,118,242 | 35,805,089 | 35,287,080 | 34,182,785 | 33,629,169 | 33,226,735 | 32,668,904 | 32,201,216 | 32,023,004 | 31,933,003 | 31,731,030 | 31,427,124 | 30,801,912 | 30,315,265 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $34M | $34M | $31M | $30M | $30M | $30M | $29M | $28M | $29M | $29M | $28M | $27M | $27M | $27M | $27M | $26M | |
| Stock-based Comp | $2M | $1M | $2M | $2M | $1M | $1M | $1M | $2M | $1M | $2M | $1M | $1M | $1M | $1M | $800.0K | $1M | |
| Deferred Tax | $6M | $3M | $-20M | $16M | $6M | $3M | $-17M | $26M | $629.0K | $649.0K | $-22M | $4M | $8M | $1M | $-10M | $5M | |
| Other Non-cash | · | $-13M | · | · | · | $-7M | · | · | · | $8M | · | · | · | $10M | · | · | |
| Operating Cash Flow | $61M | $44M | $64M | $77M | $61M | $43M | $41M | $54M | $49M | $51M | $32M | $62M | $47M | $51M | $37M | $46M | |
| Investing Cash Flow | $-123M | $-93M | $-151M | $-152M | $-133M | $-85M | $-107M | $-102M | $-57M | $-74M | $-81M | $-116M | $-70M | $-55M | $-63M | $-64M | |
| Debt Issued | $17M | $214.0K | $120M | $65M | $0 | $0 | $35M | $125M | $0 | $25M | $0 | $0 | $0 | $70M | $40M | $0 | |
| Net Debt Issued | · | $-16M | · | · | · | $-1M | · | · | · | $-16M | · | · | · | $69M | · | · | |
| Stock Issued | $-2.0K | $289M | $15M | $24M | $57M | $27M | $22M | $31M | $25M | $7M | $5M | $12M | $23M | $41M | $36M | $3M | |
| Net Stock Activity | · | $289M | · | · | · | $27M | · | · | · | $7M | · | · | · | $41M | · | · | |
| Dividends Paid | $18M | $16M | $15M | $15M | $15M | $14M | $13M | $13M | $13M | $13M | $12M | $12M | $12M | $12M | $11M | $11M | |
| Financing Cash Flow | $14M | $182M | $96M | $66M | $68M | $54M | $73M | $29M | $26M | $18M | $38M | $50M | $26M | $15M | $25M | $19M | |
| Net Change in Cash | $-49M | $132M | $9M | $-9M | $-4M | $13M | $7M | $-19M | $18M | $-5M | $-11M | $-4M | $2M | $11M | $-846.0K | $539.0K | |
| Taxes Paid | $0 | $165.0K | $6M | $84.0K | $-2M | $-680.0K | $-2M | $590.0K | $525.0K | $177.0K | $22M | $163.0K | $457.0K | $198.0K | $6M | $114.0K |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 20.3% | 20.4% | · | 26.9% | 22.1% | 21.4% | · | 25.9% | 23.0% | 18.7% | · | 27.6% | 19.9% | 18.3% | · | 21.4% | |
| Net Margin | 12.6% | 10.4% | · | 18.8% | 12.4% | 9.9% | · | 17.2% | 11.8% | 7.8% | · | 17.7% | 11.7% | 8.4% | · | 14.2% | |
| Pretax Margin | 14.5% | 12.2% | · | 21.2% | 14.8% | 11.9% | · | 18.0% | 13.9% | 9.3% | · | 19.9% | 10.7% | 9.2% | · | 14.3% | |
| EBITDA Margin | 20.3% | 38.8% | · | 26.9% | 22.1% | 39.1% | · | 25.9% | 23.0% | 38.0% | · | 27.6% | 19.9% | 37.9% | · | 21.4% | |
| ROA | 0.52% | 0.38% | · | 0.94% | 0.53% | 0.36% | · | 0.92% | 0.51% | 0.29% | · | 0.97% | 0.50% | 0.32% | · | 0.71% | |
| ROE | 1.6% | 1.2% | · | 3.2% | 1.8% | 1.3% | · | 3.0% | 1.7% | 0.98% | · | 3.2% | 1.7% | 1.1% | · | 2.4% | |
| ROIC | 1.0% | 0.86% | · | 1.7% | 1.2% | 0.95% | · | 1.8% | 1.2% | 0.84% | · | 1.8% | 1.2% | 0.85% | · | 1.5% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 2.0 | · | 0.7 | 0.6 | 0.7 | · | 0.8 | 0.5 | 0.6 | · | 0.7 | 0.8 | 0.9 | · | 0.5 | |
| Quick Ratio | 1.0 | 1.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.2 | · | 0.3 | 0.4 | 0.4 | · | 0.2 | |
| Debt / Equity | 1.0 | 1.0 | · | 1.2 | 1.2 | 1.2 | · | 1.3 | 1.2 | 1.3 | · | 1.3 | 1.3 | 1.4 | · | 1.4 | |
| LT Debt / Equity | 1.0 | 1.0 | · | 1.2 | 1.2 | 1.2 | · | 1.3 | 1.2 | 1.2 | · | 1.3 | 1.3 | 1.3 | · | 1.4 | |
| Interest Coverage | · | · | · | · | · | · | · | · | 2.2 | 1.6 | · | 3.4 | 1.9 | 1.6 | · | 2.6 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.1 | 0.0 | 0.0 | · | 0.1 | 0.0 | 0.0 | · | 0.1 | 0.0 | 0.0 | · | 0.0 | |
| Receivables Turnover | 2.8 | 2.9 | · | 3.0 | 2.7 | 2.6 | · | 3.1 | 2.7 | 2.5 | · | 3.1 | 2.7 | 2.5 | · | 2.9 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $44.06 | $43.84 | · | $42.55 | $41.54 | $40.88 | · | $40.14 | $39.02 | $38.52 | · | $38.21 | $37.27 | $36.67 | · | $34.61 | |
| Revenue / Share | $4.91 | $4.75 | · | $6.75 | $5.69 | $4.95 | · | $6.82 | $5.43 | $4.65 | · | $6.41 | $4.97 | $4.42 | · | $5.79 | |
| Cash Flow / Share | · | $1.13 | · | · | · | $1.27 | · | · | · | $1.59 | · | · | · | $1.63 | · | · | |
| Cash / Share | $2.49 | $3.66 | · | $0.32 | $0.56 | $0.69 | · | $0.12 | $0.70 | $0.14 | · | $0.66 | $0.80 | $0.74 | · | $0.44 | |
| Dividend Paid / Share | $0.44 | $0.44 | $0.42 | $0.42 | $0.42 | $0.42 | $0.40 | $0.40 | $0.40 | $0.40 | $0.38 | $0.38 | $0.38 | $0.38 | $0.36 | $0.36 | |
| EPS (TTM) | $2.83 | $2.92 | · | $3.17 | $3.07 | $3.00 | · | $2.77 | $2.73 | $2.67 | · | $3.19 | $2.88 | $2.68 | · | $1.93 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $829M | $816M | · | $804M | $789M | $767M | · | $722M | $702M | $682M | · | $670M | $642M | $634M | · | $589M | |
| Net Income TTM | $107M | $105M | · | $109M | $103M | $99M | · | $90M | $88M | $85M | · | $100M | $88M | $82M | · | $58M | |
| Market Cap | $2.54B | $2.45B | · | $1.74B | $1.83B | $1.87B | · | $1.93B | $1.77B | $1.82B | · | $1.92B | $2.22B | $2.39B | · | $1.75B | |
| Enterprise Value | $4.33B | $4.18B | · | $3.51B | $3.53B | $3.56B | · | $3.61B | $3.31B | $3.38B | · | $3.48B | $3.76B | $3.93B | · | $3.19B | |
| P/E | 21.5 | 20.1 | · | 15.4 | 16.9 | 18.2 | · | 21.0 | 19.9 | 21.2 | · | 18.8 | 24.3 | 28.4 | · | 29.8 | |
| P/S | 3.1 | 3.0 | · | 2.2 | 2.3 | 2.4 | · | 2.7 | 2.5 | 2.7 | · | 2.9 | 3.5 | 3.8 | · | 3.0 | |
| P/B | 1.4 | 1.3 | · | 1.1 | 1.3 | 1.3 | · | 1.4 | 1.4 | 1.5 | · | 1.6 | 1.9 | 2.1 | · | 1.7 | |
| P / Tangible Book | 2.1 | 2.1 | · | 2.0 | 2.2 | 2.5 | · | 2.8 | 2.8 | 3.0 | · | 3.3 | 4.1 | 4.7 | · | 4.3 | |
| P / Cash Flow | · | 56.2 | · | · | · | 43.3 | · | · | · | 35.6 | · | · | · | 47.3 | · | · | |
| EV / Revenue | 5.2 | 5.1 | · | 4.4 | 4.5 | 4.6 | · | 5.0 | 4.7 | 4.9 | · | 5.2 | 5.9 | 6.2 | · | 5.4 | |
| Dividend Yield | 2.5% | 2.5% | · | 3.3% | 3.0% | 2.9% | · | 2.6% | 2.8% | 2.7% | · | 2.4% | 2.0% | 1.9% | · | 2.5% | |
| Earnings Yield | 4.7% | 5.0% | · | 6.5% | 5.9% | 5.5% | · | 4.8% | 5.0% | 4.7% | · | 5.3% | 4.1% | 3.5% | · | 3.4% | |
| Payout Ratio | · | 83.7% | · | · | · | 85.4% | · | · | · | 109.6% | · | · | · | 101.7% | · | · | |
| Annual Payout | $64M | $60M | · | $57M | $55M | $53M | · | $51M | $50M | $49M | · | $47M | $45M | $44M | · | $43M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|
| Revenue | $801M | $748M | $670M | $621M | · |
| Operating Margin % | 22.2% | 22.8% | 22.3% | 21.1% | · |
| Net Income | $103M | $94M | $85M | $74M | · |
| Diluted EPS | $2.92 | $2.87 | $2.68 | $2.43 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|
| Debt / Equity | 1.2 | 1.3 | 1.3 | 1.3 | · |
| Current Ratio | 0.7 | 0.7 | 0.6 | 0.6 | · |
| Quick Ratio | 0.3 | 0.3 | 0.2 | 0.3 | · |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 328 filers · $2.8B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
328
Value held
$2.8B
New positions
41
Exited positions
39
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 41 (-36 vs prior Q) | 39 (+9 vs prior Q) | 124 (-18 vs prior Q) | 90 (+29 vs prior Q) | -1.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $431,856,704 | 7,106,413 | 15.65% | Shares |
| ATLAS Infrastructure Partners (UK) Ltd. | $280,273,367 | 4,612,035 | 10.16% | Shares |
| VANGUARD GROUP INC | $133,834,213 | 2,731,868 | 4.85% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $121,287,136 | 1,995,839 | 4.40% | Shares |
| ANTIPODES PARTNERS Ltd | $106,931,014 | 1,759,602 | 3.88% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $95,674,890 | 1,574,377 | 3.47% | Shares |
| STATE STREET CORP | $94,478,086 | 1,554,683 | 3.42% | Shares |
| Cerity Partners LLC | $79,440,159 | 1,307,227 | 2.88% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $76,807,081 | 1,263,898 | 2.78% | Shares |
| SOROS FUND MANAGEMENT LLC | $76,227,943 | 1,254,368 | 2.76% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $71,023,965 | 1,168,734 | 2.57% | Shares |
| Amundi | $67,164,921 | 1,105,367 | 2.43% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $60,323,655 | 992,465 | 2.19% | Shares |
| Yaupon Capital Management LP | $51,766,681 | 851,846 | 1.88% | Shares |
| TWO SIGMA INVESTMENTS, LP | $49,010,580 | 806,493 | 1.78% | Shares |
| Invesco Ltd. | $47,176,786 | 776,317 | 1.71% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $43,426,868 | 714,601 | 1.57% | Shares |
| MORGAN STANLEY | $35,833,239 | 589,652 | 1.30% | Shares |
| Legal & General Group Plc | $34,791,587 | 571,546 | 1.26% | Shares |
| Resolution Capital Ltd | $31,344,862 | 515,795 | 1.14% | Shares |
| Zimmer Partners, LP | $31,205,395 | 513,500 | 1.13% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $30,650,443 | 504,368 | 1.11% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $30,569,558 | 503,037 | 1.11% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $30,170,909 | 494,524 | 1.09% | Shares |
| FIRST TRUST ADVISORS LP | $29,827,921 | 490,833 | 1.08% | Shares |
| GOLDMAN SACHS GROUP INC | $26,515,639 | 436,328 | 0.96% | Shares |
| NORTHERN TRUST CORP | $25,243,675 | 415,397 | 0.91% | Shares |
| Nuveen, LLC | $20,519,669 | 337,662 | 0.74% | Shares |
| RAYMOND JAMES FINANCIAL INC | $19,146,979 | 315,073 | 0.69% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $15,412,548 | 253,621 | 0.56% | Shares |
| MIROVA | $14,861,304 | 244,550 | 0.54% | Shares |
| Ausbil Investment Management Ltd | $14,275,840 | 244,282 | 0.52% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $13,121,239 | 215,916 | 0.48% | Shares |
| Bank of New York Mellon Corp | $12,541,445 | 206,376 | 0.45% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $11,545,996 | 189,995 | 0.42% | Shares |
| BW Gestao de Investimentos Ltda. | $11,291,431 | 185,806 | 0.41% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $11,154,516 | 183,553 | 0.40% | Shares |
| Assenagon Asset Management S.A. | $10,933,131 | 179,910 | 0.40% | Shares |
| BANK OF AMERICA CORP /DE/ | $10,755,803 | 176,992 | 0.39% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $10,693,818 | 175,972 | 0.39% | Shares |
| Squarepoint Ops LLC | $10,338,739 | 170,129 | 0.37% | Shares |
| UBS Group AG | $10,221,150 | 168,194 | 0.37% | Shares |
| GABELLI FUNDS LLC | $9,892,080 | 162,779 | 0.36% | Shares |
| NUANCE INVESTMENTS, LLC | $9,385,686 | 154,446 | 0.34% | Shares |
| FRANKLIN RESOURCES INC | $9,096,846 | 149,693 | 0.33% | Shares |
| CIBC Private Wealth Group LLC | $8,942,830 | 183,631 | 0.32% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $8,243,815 | 135,656 | 0.30% | Shares |
| D. E. Shaw & Co., Inc. | $8,235,854 | 135,525 | 0.30% | Shares |
| Public Sector Pension Investment Board | $8,213,005 | 135,149 | 0.30% | Shares |
| Rokos Capital Management LLP | $8,209,648 | 135,116 | 0.30% | Shares |
Activists & 5%+ owners 8 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Robert A. Van Valer ×4 filings | Feb. 14, 2023 | · | Initial filing | · | SEC |
| George E. Moss (1) | Feb. 15, 2022 | · | Initial filing | Capital structure | SEC |
| George E. Moss ×4 filings | March 16, 2018 | · | Initial filing | · | SEC |
| Gabelli Funds, LLC I.D. No., GAMCO Asset Management Inc. I.D. No., Teton Advisors, Inc. I.D. No., GGCP, Inc. I.D. No., GAMCO Investors, Inc. I.D. No., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli ×11 filings | July 1, 2016 | · | Initial filing | · | SEC |
| Gabelli Funds, LLC I.D. No ., GAMCO Asset Management Inc. I.D. No ., Teton Advisors, Inc. I.D. No ., GGCP, Inc. I.D. No ., GAMCO Investors, Inc. I.D. No ., Mario J. Gabelli ×2 filings | Jan. 12, 2011 | · | Initial filing | · | SEC |
| Roscoe Moss, Jr. (deceased) | May 20, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | May 10, 2005 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | May 14, 2002 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 50 insiders · 21 officers · 22 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Andrew F Walters | Chief Executive Officer | July 1, 2026 D | 26,461 | 0 | 1 | $-99,162 |
| Ann P Kelly | CFO and Treasurer | July 1, 2026 F | 9,976 | 0 | 0 | $0 |
| David A Green | CFO/Treasurer | Aug. 11, 2010 F | 5,177 | 0 | 0 | $0 |
| Bruce A Hauk | President and COO | Feb. 27, 2026 F | 16,616 | 0 | 0 | $0 |
| Craig J Patla | President of CTWS | June 2, 2025 A | 5,200 | 0 | 0 | $0 |
| Tanya Moniz-Witten | President, San Jose Water Co. | April 30, 2025 F | 12,812 | 0 | 0 | $0 |
| Andrew Gere | President of SJWC | Feb. 28, 2023 F | 25,410 | 0 | 0 | $0 |
| Maureen P Westbrook | President of CTWS | Dec. 29, 2022 G | 40,590 | 0 | 0 | $0 |
| David C Benoit | President of CTWS | Oct. 9, 2019 A | 34,877 | 0 | 0 | $0 |
| Scott R Yoo | Chief Operating Officer | Jan. 4, 2013 F | 23,714 | 0 | 0 | $0 |
| Megan Mattern | CAO, PAO and Controller | July 30, 2026 F | 13,631 | 0 | 0 | $0 |
| Kristen A Johnson | Chief Administrative Officer | June 2, 2026 A | 14,565 | 0 | 0 | $0 |
| Willie D. Brown Jr. | VP & Gen Counsel | Feb. 27, 2026 F | 13,554 | 0 | 0 | $0 |
| Douwe Busschops | Chief Information Officer | Jan. 2, 2025 A | 1,768 | 0 | 0 | $0 |
| Mohammed G. Zerhouni | SVP of Fin., Prin. Acct. Ofcr. | Feb. 1, 2024 F | 3,567 | 0 | 0 | $0 |
| James Patrick Lynch | Chief Accounting Officer | Nov. 3, 2022 S | 25,249 | 0 | 0 | $0 |
| Wendy Avila-Walker | VP of Finance, Controller | Jan. 4, 2022 F | 5,806 | 0 | 0 | $0 |
| Suzy Papazian | Sr. Vice Pres. & Gen. Counsel | Feb. 24, 2021 F | 10,413 | 0 | 0 | $0 |
| Palle Jensen | Executive Vice President | Jan. 3, 2020 F | 12,631 | 0 | 0 | $0 |
| George Belhumeur | Sr. VP of Operations | Jan. 31, 2012 J | 16,295 | 0 | 0 | $0 |
| Robert A Loehr | Corporate Secretary | Jan. 2, 2004 A | 4 | 0 | 0 | $0 |
| Carl Guardino | Director | May 13, 2026 A | 9,139 | 0 | 0 | $0 |
| Daniel B. More | Director | May 13, 2026 A | 1,947 | 0 | 0 | $0 |
| Rebecca A Klein | Director | May 13, 2026 A | 9,208 | 0 | 0 | $0 |
| Nick Orlando Rowe | Director | May 13, 2026 A | 2,452 | 0 | 0 | $0 |
| WALLACE CAROL P | Director | May 13, 2026 A | 11,238 | 0 | 0 | $0 |
| Mary Ann Hanley | Director | May 13, 2026 A | 11,583 | 0 | 0 | $0 |
| Denise L Kruger | Director | May 13, 2026 A | 6,923 | 0 | 0 | $0 |
| Gregory P Landis | Director | May 14, 2025 A | 12,803 | 0 | 0 | $0 |
| Walter J. Bishop | Director | April 27, 2022 A | 5,353 | 0 | 0 | $0 |
| Katharine Armstrong | Director | Sept. 2, 2021 G | 6,266 | 0 | 0 | $0 |
| Debra Man | Director | April 28, 2021 A | 6,966 | 0 | 0 | $0 |
| Robert A Van Valer | Director | April 29, 2020 A | 94,410 | 0 | 0 | $0 |
| Douglas R King | Director | March 10, 2020 S | 5,155 | 0 | 0 | $0 |
| Richard W Roth | Director | Feb. 28, 2018 G | 138,688 | 0 | 0 | $0 |
| Ronald Bruce Moskovitz | Director | April 26, 2017 G | 8,793 | 0 | 0 | $0 |
| George E Moss | Director | April 26, 2017 A | 1,085,135 | 0 | 0 | $0 |
| Mark L Cali | Director | April 27, 2016 G | 36,372 | 0 | 0 | $0 |
| Charles J Toeniskoetter | Director | Jan. 3, 2012 A | 24,875 | 0 | 0 | $0 |
| Philip J Dinapoli | Director | Jan. 3, 2012 A | 33,994 | 0 | 0 | $0 |
| Drew Gibson | Director | Jan. 2, 2007 A | 28,721 | 0 | 0 | $0 |
| Ronald R James | Director | April 29, 2004 A | 4,629 | 0 | 0 | $0 |
| GIP ATLAS Holdings Ltd | 10% owner | April 10, 2026 P | 4,582,469 | 1 | 0 | $2,975,738 |
| ATLAS Infrastructure Partners (UK) Ltd. | 10% owner | April 10, 2026 P | 4,582,469 | 1 | 0 | $2,975,738 |
| Roscoe Moss JR | 10% owner | May 10, 2010 J | 0 | 0 | 0 | $0 |
| Nancy Owen Moss | 10% owner | May 9, 2005 P | 397,417 | 0 | 0 | $0 |
| Hunt Heather | · | May 13, 2026 A | 11,238 | 0 | 0 | $0 |
| Eric W Thornburg | · | Feb. 28, 2025 F | 78,418 | 0 | 0 | $0 |
| Angela Yip | · | Jan. 31, 2011 J | 15,037 | 0 | 0 | $0 |
| Frederick R. Ulrich JR. | · | May 4, 2005 P | 1,418 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 73 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PSCU · Invesco Exchange-Traded Fund Trust … | 2.32% | 5,448 SH | Oct. 1, 2026 | Daily |
| CGW · Invesco Exchange-Traded Fund Trust … | 1.70% | 279,353 SH | Oct. 1, 2026 | Daily |
| XSHD · Invesco Exchange-Traded Fund Trust … | 1.11% | 11,380 SH | Oct. 1, 2026 | Daily |
| XSLV · Invesco Exchange-Traded Fund Trust … | 0.95% | 36,244 SH | Oct. 1, 2026 | Daily |
| PHO · Invesco Exchange-Traded Fund Trust | 0.60% | 185,258 SH | Oct. 1, 2026 | Daily |
| EFRA · iShares Trust | 0.59% | 521 SH | Sept. 11, 2026 | Daily |
| CCNR · Financial Investors Trust | 0.49% | 33,855 NS | July 31, 2026 | N-PORT |
| EEMV · iShares, Inc. | 0.41% | 649,467 SH | Sept. 11, 2026 | Daily |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.36% | 11,576 NS | July 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.32% | 1,860 NS | July 31, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.26% | 83,455 SH | Aug. 19, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.19% | 43,064 NS | July 31, 2026 | N-PORT |
| FUTY · FIDELITY COVINGTON TRUST | 0.15% | 58,641 NS | July 31, 2026 | N-PORT |
| EVLU · iShares Trust | 0.15% | 1,362 SH | Sept. 11, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.15% | 5,855 SH | Oct. 1, 2026 | Daily |
| VPU · VANGUARD WORLD FUND | 0.15% | 265,039 SH | Aug. 19, 2026 | Daily |
| HSMV · First Trust Exchange-Traded Fund III | 0.15% | 842 NS | July 31, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.14% | 281 NS | July 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.14% | 30,917 SH | Aug. 19, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.13% | 137,504 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.12% | 50,726 SH | Oct. 1, 2026 | Daily |
| EQLT · iShares Trust | 0.10% | 572 SH | Sept. 11, 2026 | Daily |
| EMGF · iShares, Inc. | 0.09% | 77,295 SH | Sept. 11, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 9,922 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.07% | 905,496 SH | Sept. 11, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.07% | 2,002 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.07% | 203,791 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.07% | 16,962 NS | July 31, 2026 | N-PORT |
| ACWV · iShares, Inc. | 0.06% | 90,112 SH | Sept. 11, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.06% | 141,548 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.06% | 24,831 SH | Sept. 11, 2026 | Daily |
| EMXF · iShares Trust | 0.05% | 3,987 SH | Sept. 11, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.05% | 16,484 SH | Oct. 1, 2026 | Daily |
| PZA · Invesco Exchange-Traded Fund Trust … | 0.05% | 2,390,000 | Oct. 1, 2026 | Daily |
| EMXC · iShares, Inc. | 0.03% | 354,818 SH | Sept. 11, 2026 | Daily |
| NFRA · FlexShares Trust | 0.03% | 14,736 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.03% | 450,703 SH | Aug. 19, 2026 | Daily |
| VWO · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.03% | 2,237,094 SH | Aug. 19, 2026 | Daily |
| EEM · iShares, Inc. | 0.03% | 353,371 SH | Sept. 11, 2026 | Daily |
| IEMG · iShares, Inc. | 0.02% | 1,777,459 SH | Sept. 11, 2026 | Daily |
| WSML · iShares Trust | 0.02% | 2,505 SH | Sept. 11, 2026 | Daily |
| IMFL · Invesco Exchange-Traded Self-Indexe… | 0.02% | 10,547 SH | Oct. 1, 2026 | Daily |
| VYMI · VANGUARD WHITEHALL FUNDS | 0.02% | 169,806 SH | Aug. 19, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 508 SH | Oct. 1, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.01% | 4,172 NS | July 31, 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.01% | 222,194 SH | Aug. 19, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.01% | 1,642,047 SH | Aug. 19, 2026 | Daily |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 371,865 SH | Aug. 19, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.01% | 139,886 SH | Aug. 19, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | 0.01% | 30,136 SH | Aug. 19, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.01% | 1,191 SH | Oct. 1, 2026 | Daily |
| AQLT · iShares Trust | 0.01% | 1,282 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 3,078 NS | July 31, 2026 | N-PORT |
| IXUS · iShares Trust | 0.01% | 204,814 SH | Sept. 11, 2026 | Daily |
| ACWX · iShares Trust | 0.01% | 39,542 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.01% | 41,937 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 2,406 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 59,233 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.00% | 56,482 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.00% | 7,577 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 11,701 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 7,878 SH | Sept. 3, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,064,451 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 74,559 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,046 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.00% | 7,841 SH | Aug. 19, 2026 | Daily |
| IJR · iShares Trust | · | 2,399,464 SH | Sept. 10, 2026 | Daily |
| IJS · iShares Trust | · | 350,829 SH | Sept. 8, 2026 | Daily |
| IWN · iShares Trust | · | 334,160 SH | Sept. 11, 2026 | Daily |
| IFRA · iShares Trust | · | 47,552 SH | Sept. 11, 2026 | Daily |
| XJR · iShares Trust | · | 5,432 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 1,659 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 8,043 SH | Sept. 11, 2026 | Daily |
HTO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 12 analysts
BUY
Median target
$67.00
+11.4%
4 33.3%
Strong Buy
5 41.7%
Buy
3 25.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
7 analysts · 2026-10-02Mean target $67.00 +11.4%
Now
Current price $60.13
Low$60.00
Mean$67.00
High$72.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| HTO | $1.77B | 16.8 | 7.0% | 12.8% | 6.8% | · |
| AWK | · | 22.9 | 10.1% | 21.7% | 10.3% | · |
| WTRG | · | 17.4 | 18.6% | 24.9% | 9.1% | · |
| AWR | $2.83B | 21.5 | 10.5% | 19.8% | 12.9% | · |
| CWT | $2.58B | 20.2 | 6.4% | 13.3% | 7.7% | · |
| MSEX | $934M | 21.4 | 1.5% | 22.0% | 9.0% | · |
| YORW | $460M | 22.9 | 3.4% | 25.9% | 8.5% | · |
| ARTNA | · | 14.3 | 4.6% | · | · | · |
| CDZI | $467M | · | 69.8% | -209.4% | -116.1% | · |
| PCYO | $242M | 18.6 | -9.2% | 50.2% | 9.5% | 61.5% |
| GWRS | · | 76.8 | 5.8% | 5.3% | 3.6% | · |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Source: SEC 10-Q filed Jul 28, 2026