H2o America vs Essential Utilities
Essential Utilities is the larger business, with $2.47bn of revenue in fiscal 2025 against $801m for H2o America (3.1 times as much). Essential Utilities grew faster (18.6% against 7.0%). Essential Utilities kept more of each dollar of sales as profit: a net margin of 24.9% against 12.8%.
| Latest fiscal year | H2o AmericaHTO, 2025 | Essential UtilitiesWTRG, 2025 |
|---|---|---|
| Revenue | $801m | $2.47bn |
| Revenue growth | 7.0% | 18.6% |
| Net income | $103m | $616m |
| Operating margin | 22.2% | — |
| Net margin | 12.8% | 24.9% |
| Return on equity | 7.1% | 9.4% |
| Free cash flow | — | $1.01bn |
| Cash | $20.7m | $34.8m |
| Total debt | $1.99bn | $8.18bn |
| Debt to equity | 129.0% | — |
| Dividend per share | $1.68 | $1.34 |
| Dividend yield | 2.3% | 3.1% |
| Share buybacks | — | $2.3m |
| Employees | 837 | 3,303 |
| Market value | $2.94bn | $12.52bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 51 (Moderate) | 66 (Moderate) |
| Insider trades, 12 months | 6 buys, 3 sales | 0 buys, 1 sales |