undamentalytics Newsletter

Water Utilities stocks

12 US-listed companies in water utilities, with $17.3bn of combined revenue in their latest fiscal years. Companhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp is the largest ($6.8bn). The fastest grower with at least $100m of revenue in both years is Essential Utilities, Inc., up 18.6%. The median company grew 6.7% with a net margin of 20.9%.

Companies12
Combined revenue$17.3bn
Median revenue growth6.7%
Median net margin20.9%
Median return on equity9.4%
#CompanyRevenueGrowthNet marginROEFiscal year
1 Companhia DE Saneamento Basico DO Estado DE SAO Paulo-sabespSBS $6.8bn 1.3% 22.2% 22.1% 2025
2 American Water WorksAWK $5.1bn 9.7% 21.6% 10.5% 2025
3 Essential Utilities, Inc.WTRG $2.5bn 18.6% 24.9% 9.4% 2025
4 California Water Service GroupCWT $964m 6.4% 13.3% 7.7% 2025
5 H2o AmericaHTO $801m 7.0% 12.8% 7.1% 2025
6 American States Water CoAWR $658m 10.5% 19.8% 13.3% 2025
7 Middlesex Water CoMSEX $195m 1.5% 22.0% 9.1% 2025
8 Artesian Resources CorpARTNA $113m 4.6% 20.2% 9.3% 2025
9 York Water CoYORW $77m 3.4% 25.9% 8.5% 2025
10 Global Water Resources, Inc.GWRS $56m 5.8% 5.3% 4.4% 2025
11 Pure Cycle CorpPCYO $26m −9.3% 50.3% 9.6% 2025
12 Cadiz IncCDZI $16m 69.8% −209.3% −119.4% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other utilities industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.