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Global Water Resources, Inc. (GWRS) stock

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NASDAQ: GWRS Nasdaq Water Utilities Next results ~November 4, 2026

C Fundamentals grade

Global Water Resources, Inc. is a US-listed company in the water utilities industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: valuation models disagree too widely to rate.

Price vs value

Under review: valuation models disagree too widely to rate. We'll show the comparison once resolved.

Global Water Resources, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders5 buying, 0 selling10 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds60 adding, 30 cuttingOf 9 active managers that changed their stake, 7 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Global Water Resources files

Where Global Water Resources stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $60m, up 10.8% on a year earlier, faster than the 5.7% growth a quarter earlier. That growth ranks 3 of 11 among the water utilities companies we cover. Free-cash-flow margin rose to -40.5% from -70.9% a year earlier. Operating margin narrowed to 13.6% from 16.9%. The diluted share count is up 13.3% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 6 financial-health checks.

Our model value for Global Water Resources is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Global Water Resources, Inc.'s trailing-twelve-month revenue grew 10.8% year on year, with a free-cash-flow margin of -40.5%. Where it stands out: change in growth rate of +5.1pp ranks 2 of 12 water utilities companies we cover. Where it lags: net margin of 5.2% ranks 11 of 12 water utilities companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 36.7% while net income fell 43.7%: a 80pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 5.1 points higher than a quarter earlier.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 18.2% over 90 days.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Margins narrowing. Operating margin is down 3.3 points on a year ago.
  • Burning cash. Free cash flow was -40.5% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 13.3% in a year.
  • High debt. Long-term debt exceeds cash by $0.1bn, more than 1.5 times annual revenue.
  • High earnings multiple. The shares trade at 73 times the last 12 months' earnings, so expectations are demanding.

Latest results: FY2026 Q2

Filed August 13, 2026
Earnings per share
$0.04 against an average estimate of $0.03: beat by 33.3%
Revenue
$18m, up 24.8% on a year earlier
Share reaction
+13.0% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.05

Global Water Resources' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.9%
  • 1 week+3.2%
  • 1 month-0.8%
  • This year-1.8%
  • 1 year-15.9%
  • 5 years-51.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$60.1M
Operating margin
13.6%
Net margin
5.2%
EPS (TTM, diluted)
$0.11

Growth

Revenue growth
+10.8%
Change in growth rate
+5.1 pts
Share count change
+13.3%

Cash

Free cash flow (TTM)
-$24.3M
FCF margin
-40.5%
Stock pay % of revenue
1.5%

Earnings

Last results
August 13, 2026
Next results (est.)
November 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Agreement
  3. Insider trade
  4. Insider trade
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Global Water Resources, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Global Water Resources, Inc. as an utility or power producer, with every model that fits that kind of business. Cost of equity 7.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.59 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Utility earnings model Net income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative. ~$2.2 ~$1.9–$2.8 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$1.9 ~$1.9–$2.6 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$4.6 ~$4.0–$5.3 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$4.2 ~$3.3–$5.5 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$4.9 ~$4.1–$6.2 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Global Water Resources, Inc. with utilities and power producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$7.02$7.43$8.31$11.07$12.44$15.00$11.91$12.02$10.82$8.19$8.04
Market value$134m$146m$170m$238m$281m$344m$278m$290m$263m$222m$229m
+ Net debt (− = net cash)$95m$110m$102m$108m$97m$100m$102m$103m$114m$130m$130m
Enterprise value$229m$256m$273m$346m$378m$444m$380m$393m$377m$352m$359m
Multiples
Price / sales 4.5x4.7x4.8x6.7x7.3x8.2x6.2x5.5x5.0x4.0x3.8x
Price / earnings —32.1x54.9x107.2xn/m95.2x50.5x36.3x45.4x75.0x73.0x
Price / free cash flow ——26.1xn/m51.7x160.9x—94.1x———
EV / EBITDA 18.9x17.9x16.3x22.6x23.1x27.0x21.5x16.5x17.1x15.9x14.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

37 /100

Weak moat

How hard Global Water Resources's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.1% of total assets over 10 years.

  • Durability 16 / 20

    Operating margin has been a median 18.8%; its worst year was 13.6%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 4 of 10 years, at a median -2.9% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 25.4% over five years; stock-based pay has been a median 1.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $16m and EPS of $0.05 (range $0.05 to $0.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.09 −36% $61m +10%
Next $0.13 +44% $63m +3%

Next year's EPS estimate has moved +18.2% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +12.5% on 90 days ago. In the last 30 days, 1 analyst raised Global Water Resources, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Global Water Resources, Inc., last 90 days
$0.08 $0.10 $0.12 $0.14 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.08 Current fiscal year, 60 days ago: $0.08 Current fiscal year, 30 days ago: $0.08 Current fiscal year, 7 days ago: $0.08 Current fiscal year, Now: $0.09 $0.09 Next fiscal year, 90 days ago: $0.11 Next fiscal year, 60 days ago: $0.11 Next fiscal year, 30 days ago: $0.11 Next fiscal year, 7 days ago: $0.11 Next fiscal year, Now: $0.13 $0.13

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.08$0.11
60 days ago $0.08$0.11
30 days ago $0.08$0.11
7 days ago $0.08$0.11
Now $0.09$0.13

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.03 $0.04 +33.3%
Mar 2026 −$0.02 −$0.01 +50.0%
Dec 2025 $0.04 −$0.01 −125.8%
Sept 2025 $0.07 $0.07 −4.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 13, 2026

No numeric guidance in Global Water Resources, Inc.'s latest earnings release (filed August 13, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

2 analysts, Oct 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Oct 2026112

Counts of recommendations published by analysts covering Global Water Resources, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
5.46
at average volume
Short interest, 1 month
−10%
to October 15, 2026
Held by institutions
28%
of shares
Held by insiders
55.3%
of shares
Employees
126
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −15.9%

$9.56 on October 31, 2025 to $8.04

ThenNowEffect
Revenue (last 12 months) $54m $60m +10.8%
Net margin 10.3% 5.2% −49.2%
P/E multiple 43.1x 73.0x +69.4%
Share count 25m 28m −11.7%

Biggest factor: net margin.

Last 3 years −18.3%

$9.84 on November 3, 2023 to $8.04

ThenNowEffect
Revenue (last 12 months) $49m $60m +22.4%
Net margin 13.7% 5.2% −61.9%
P/E multiple 35.0x 73.0x +108.5%
Share count 24m 28m −16.1%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GWRS+21%−21%+1%−10%−24%−2%
Industry peers (median)+25%−9%−12%−11%+3%+15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GWRS67%58%58%33%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GWRS−22%−36%−35%−16%−30%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since April 28, 2016: 63% from September 3, 2021 to May 13, 2026. Getting back needed a 173% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$6.53 – $9.88
From 52-week high
−18.6%
vs 50-day average
−3.3%
vs 200-day average
+3.8%
Volatility (1 year)
37%
Beta vs S&P 500
0.38

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±4.5%
After a week
4 up, 8 down
typical move ±6.2%
After a month
5 up, 7 down
typical move ±8.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 13, 2026 +13.0% +0.5% +16.9% +14.5%
May 13, 2026 −0.1% +1.4% +0.4% +1.2%
March 4, 2026 −13.0% +0.1% −16.7% −12.6%
November 12, 2025 −9.3% −1.6% −13.6% −15.7%
August 13, 2025 −1.5% +0.4% −3.6% −2.0%
May 14, 2025 −1.0% +0.6% −0.1% +1.5%
March 6, 2025 +1.2% −1.2% −1.3% −14.0%
November 6, 2024 +5.6% +3.3% −0.5% 0.0%
August 8, 2024 +0.1% +2.8% −0.1% +5.5%
May 9, 2024 −2.3% +0.7% +3.3% −4.2%
March 7, 2024 +0.7% +0.4% −5.3% −2.1%
November 9, 2023 +6.0% +0.8% +13.1% +22.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Global Water Resources, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Global Water Resources, Inc.
$50M $55M $60M $65M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $51.8M Revenue (TTM), FY23 Q4: $53M Revenue (TTM), FY24 Q1: $51.5M Revenue (TTM), FY24 Q2: $52M Revenue (TTM), FY24 Q3: $51.8M Revenue (TTM), FY24 Q4: $52.7M Revenue (TTM), FY25 Q1: $53.5M Revenue (TTM), FY25 Q2: $54.3M Revenue (TTM), FY25 Q3: $55.5M Revenue (TTM), FY25 Q4: $55.8M Revenue (TTM), FY26 Q1: $56.6M Revenue (TTM), FY26 Q2: $60.1M $60.1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $51.8M
FY23 Q4 $53M
FY24 Q1 $51.5M
FY24 Q2 $52M
FY24 Q3 $51.8M
FY24 Q4 $52.7M
FY25 Q1 $53.5M
FY25 Q2 $54.3M
FY25 Q3 $55.5M
FY25 Q4 $55.8M
FY26 Q1 $56.6M
FY26 Q2 $60.1M
Revenue growth, TTM YoY Global Water Resources, Inc.
-5% 0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 17.8% Revenue growth, TTM YoY, FY23 Q4: 18.6% Revenue growth, TTM YoY, FY24 Q1: 7.7% Revenue growth, TTM YoY, FY24 Q2: 5.9% Revenue growth, TTM YoY, FY24 Q3: 0.1% Revenue growth, TTM YoY, FY24 Q4: -0.6% Revenue growth, TTM YoY, FY25 Q1: 3.9% Revenue growth, TTM YoY, FY25 Q2: 4.3% Revenue growth, TTM YoY, FY25 Q3: 7.1% Revenue growth, TTM YoY, FY25 Q4: 5.8% Revenue growth, TTM YoY, FY26 Q1: 5.7% Revenue growth, TTM YoY, FY26 Q2: 10.8% 10.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 17.8%
FY23 Q4 18.6%
FY24 Q1 7.7%
FY24 Q2 5.9%
FY24 Q3 0.1%
FY24 Q4 -0.6%
FY25 Q1 3.9%
FY25 Q2 4.3%
FY25 Q3 7.1%
FY25 Q4 5.8%
FY26 Q1 5.7%
FY26 Q2 10.8%
Operating margin (TTM) Global Water Resources, Inc.
10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 22.9% Operating margin (TTM), FY23 Q4: 23.2% Operating margin (TTM), FY24 Q1: 19.0% Operating margin (TTM), FY24 Q2: 18.4% Operating margin (TTM), FY24 Q3: 18.7% Operating margin (TTM), FY24 Q4: 17.8% Operating margin (TTM), FY25 Q1: 17.5% Operating margin (TTM), FY25 Q2: 16.9% Operating margin (TTM), FY25 Q3: 14.6% Operating margin (TTM), FY25 Q4: 12.8% Operating margin (TTM), FY26 Q1: 11.1% Operating margin (TTM), FY26 Q2: 13.6% 13.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 22.9%
FY23 Q4 23.2%
FY24 Q1 19.0%
FY24 Q2 18.4%
FY24 Q3 18.7%
FY24 Q4 17.8%
FY25 Q1 17.5%
FY25 Q2 16.9%
FY25 Q3 14.6%
FY25 Q4 12.8%
FY26 Q1 11.1%
FY26 Q2 13.6%
FCF margin (TTM) Global Water Resources, Inc.
-100% -50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -1.9% FCF margin (TTM), FY23 Q4: 5.8% FCF margin (TTM), FY24 Q1: 10.6% FCF margin (TTM), FY24 Q2: 10.5% FCF margin (TTM), FY24 Q3: -8.5% FCF margin (TTM), FY24 Q4: -20.0% FCF margin (TTM), FY25 Q1: -38.4% FCF margin (TTM), FY25 Q2: -70.9% FCF margin (TTM), FY25 Q3: -70.9% FCF margin (TTM), FY25 Q4: -84.6% FCF margin (TTM), FY26 Q1: -72.8% FCF margin (TTM), FY26 Q2: -40.5% -40.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -1.9%
FY23 Q4 5.8%
FY24 Q1 10.6%
FY24 Q2 10.5%
FY24 Q3 -8.5%
FY24 Q4 -20.0%
FY25 Q1 -38.4%
FY25 Q2 -70.9%
FY25 Q3 -70.9%
FY25 Q4 -84.6%
FY26 Q1 -72.8%
FY26 Q2 -40.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Global Water Resources took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $55.8M
  2. Selling, general and admin $17.9M · 32.0%
  3. Other operating costs $30.7M · 55.1%
  4. Operating income $7.2M · 12.8%
  5. Income tax $1M · 1.8%
  6. Interest and other $3.2M · 5.7%
  7. Net income $3M · 5.3%

Shares of revenue. Source: Global Water Resources's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2004 Dec 2004 2005 Dec 2005 2006 Dec 2006 2007 Dec 2007 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 5 5 5 5 33 32 30 31 36 35 39 42 45 53 53 56 60
EBITDA — — — — 64 15 12 14 17 15 16 16 18 24 22 22 25
Operating income — — — — 55 7 6 7 9 7 7 7 8 12 9 7 8
Net income — — — — 65 21 −3 5 3 2 1 4 6 8 6 3 3
Diluted EPS — — — — $3.54 $1.17 −$0.13 $0.23 $0.15 $0.10 $0.05 $0.16 $0.24 $0.33 $0.24 $0.11 $0.11
Growth (year on year)
Revenue — 0.0% 0.0% 0.0% +564.5% −1.9% −6.7% +4.7% +13.8% −0.1% +8.9% +8.5% +6.7% +18.6% −0.6% +5.8% +10.8%
EBITDA — — — — — −77.0% −18.0% +17.9% +17.4% −8.5% +6.9% +0.6% +7.5% +34.0% −6.9% +0.3% +11.4%
Operating income — — — — — −88.1% −11.0% +26.4% +26.2% −24.9% +5.4% −4.9% +12.0% +57.1% −23.8% −23.6% −10.9%
Net income — — — — — −67.1% −111.8% — −31.8% −28.3% −50.3% +226.6% +52.6% +45.0% −27.5% −48.9% −43.7%
Diluted EPS — — — — — −66.9% −111.1% — −34.8% −33.3% −50.0% +220.0% +50.0% +37.5% −27.3% −54.2% −50.3%
Margins
EBITDA margin — — — — 196.6% 46.1% 40.6% 45.7% 47.1% 43.2% 42.4% 39.3% 39.6% 44.7% 41.9% 39.7% 41.9%
Operating margin — — — — 168.3% 20.4% 19.5% 23.5% 26.1% 19.6% 19.0% 16.7% 17.5% 23.2% 17.8% 12.8% 13.6%
Net margin — — — — 199.4% 66.9% −8.4% 14.6% 8.7% 6.3% 2.9% 8.6% 12.3% 15.1% 11.0% 5.3% 5.2%
Free-cash-flow margin — — — — 30.7% 2.8% −22.5% −31.2% 18.4% 1.1% 14.1% 5.1% −23.8% 5.8% −20.0% −84.6% −40.5%
Cash flow
Cash from operations — — — — 12 4 2 11 11 12 15 20 23 25 22 20 20
Capital spending — — — — 2 3 9 21 5 11 9 18 34 22 32 67 45
Free cash flow — — — — 10 1 −7 −10 7 0 5 2 −11 3 −11 −47 −24
Stock-based pay — — — — — — — — — — — — — 1 1 1 1
Free cash flow after stock pay — — — — — — — — — — — — — 2 −12 −48 −25
Balance sheet
Cash — — — — 7 12 20 5 13 8 18 13 7 3 9 4 1
Total debt — — — — 0 106 115 115 115 115 115 113 109 106 123 134 132
Net debt (negative = net cash) — — — — −7 95 95 110 102 108 97 100 102 103 114 130 130
Diluted shares — — — — 18m 18m 19m 20m 21m 22m 23m 23m 23m 24m 24m 27m 28m
Returned to shareholders
Dividends — — — — 3 28 5 5 6 6 7 7 7 7 7 8 9
Buybacks — — — — — 0 0 0 — — — — — — — — —
Total returned — — — — 3 28 5 5 6 6 7 7 7 7 7 8 9

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · June 30, 2026
What it owns · $484m
Short-term assets $12mLonger-term assets $472m
What it owes, and who funded it · $102m
Short-term liabilities $17mShareholders' equity $85m
  • Short-term assets cover short-term liabilities $12m of assets due within a year against $17m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $1m of cash against $132m of debt.
  • Debt below 40% of shareholders' equity Debt is 155% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 362% to 155% over five years.
  • A year's operating cash flow covers at least 20% of debt $20m of operating cash flow against $132m of debt.
  • Operating profit covers interest at least five times over Operating income of $8m against $6m of interest.

From Global Water Resources, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$8.6M
Returned to shareholders
-36%
of free cash flow
Diluted share count
+13.3%
year over year
Total shareholder yield
3.7%
dividends 3.7% + buybacks 0.0% of market value
Dividend payout ratio
276%
of net income paid out
Days sales outstanding
23 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in water utilities
Last 12 months unless stated GWRS YORW PCYO ARTNA MSEX CDZI Median
Revenue, last 12 months $60m $83m $34m $117m $212m $12m $455m
Revenue growth, last 12 months 10.8% 9.4% 22.9% 5.9% 8.9% −21.3% 7.4%
Revenue growth, 3-year average 7.0% 8.6% 15.1% 5.6% 8.4% 77.7% 8.4%
Revenue growth, latest quarter 24.8% 22.5% 60.0% 7.4% 11.3% −76.3% 7.4%
Gross margin — — 62.0% — — 27.1% 49.5%
Operating margin 13.6% 36.6% 37.7% 25.0% 30.5% −236.1% 30.5%
Operating margin, 3-year average 16.3% 37.6% 31.8% 24.5% 28.6% −419.6% 28.6%
Net margin 5.2% 28.5% 43.7% 20.2% 24.5% −311.0% 20.9%
Cash from operations / revenue 34.1% 40.2% 22.5% 34.4% 32.7% −220.3% 33.3%
Free-cash-flow margin −40.5% −17.0% 19.2% −15.5% 18.4% −263.6% 8.4%
Free-cash-flow margin, 3-year average −33.6% −25.3% 20.4% −14.4% 9.3% −436.7% 2.5%
Stock pay / revenue 1.5% — 1.4% 0.3% 0.8% 36.2% 0.7%
Change in share count 13.3% 2.9% 0.1% 0.2% 3.8% 22.5% 2.4%

Median of all 12 companies we cover in water utilities. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 water utilities companies
Measure Company Peer median Rank
Revenue growth Growth 10.8% 8.9% 3 of 12
Change in growth rate Growth +5.1pp +0.9pp 2 of 12
Operating margin Profitability 13.6% 30.5% 10 of 11
Net margin Profitability 5.2% 21.3% 11 of 12
Free-cash-flow margin Cash generation -40.5% 13.8% 11 of 12
Stock pay as % of revenue Cash generation 1.5% 0.8% 8 of 9
Long-term debt as % of assets Balance sheet 26.4% 26.9% 5 of 12
Change in share count Balance sheet 13.3% 2.3% 10 of 11
Days sales outstanding Balance sheet 23 days 32 days 2 of 11

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Water Services $28.6M 51.3% ▲ 9.8%
Wastewater and Recycled Water $27.1M 48.7% ▲ 2.0%

From Global Water Resources, Inc.'s 10-K filed March 4, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$54.2M
Institutions reporting
107
Shares held vs prior quarter
▲ 4.4%
Positions opened / closed
18 / 8

Top buyers and sellers, Q2 2026: 60 institutions bought and 30 sold ; the biggest buyer was Tsp Capital Management Group, LLC (+1.3M shares) and the biggest seller Handelsbanken Fonder AB (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Tsp Capital Management Group, LLC $9.7M 1.3M 17.9% New
Blackrock, Inc. $4.8M 662K 8.8% ▲ 5.5%
Vanguard Capital Management LLC $4.4M 602K 8.0% ▲ 1.1%
North Star Investment Management Corp. $3.1M 422K 5.6% ▲ 1.5%
Heartland Advisors Inc $3M 408K 5.5% ▼ 50.9%
Geode Capital Management, LLC $2.7M 373K 5.0% ▲ 7.2%
Wells Fargo & Company $2.4M 335K 4.5% ▲ 7.9%
Redmond Asset Management, LLC $2.4M 329K 4.4% ▼ 0.2%
State Street Corp $1.9M 258K 3.4% ▲ 8.4%
AQR Capital Management LLC $1.5M 212K 2.8% ▲ 337.0%
Morgan Stanley $1.5M 210K 2.8% ▲ 90.7%
Penn Capital Management Company, LLC $1.3M 177K 2.4% ▼ 0.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Global Water Resources, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $7.2M 10 trades by 5 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $7.2M net buying
Insider Date Trade Shares Price Value
Cohn Andrew M. Director August 20, 2026 Buy 139,343 $8.85 $1.2M
Levine Jonathan L Director August 20, 2026 Buy 651,618 $8.85 $5.8M
Krygier Christopher D Chief Operating Officer May 20, 2026 Buy 5,066 $6.87 $34,803
Krygier Christopher D Chief Operating Officer May 20, 2026 Buy 29 $6.79 $197
Krygier Christopher D Chief Operating Officer May 20, 2026 Buy 294 $6.80 $2,000
Liebman Michael J CFO and Corporate Secretary May 20, 2026 Buy 800 $6.89 $5,512
Liebman Michael J CFO and Corporate Secretary May 20, 2026 Buy 5,500 $6.90 $37,950
Liebman Michael J CFO and Corporate Secretary May 20, 2026 Buy 700 $6.86 $4,802
Lenderking John Carroll SVP, Water Resources May 19, 2026 Buy 700 $6.85 $4,795
Cohn Andrew M. Director March 13, 2026 Buy 18,305 $7.20 $131,796

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 13, 2026
  • May 13, 2026
  • March 4, 2026
  • November 12, 2025
  • August 13, 2025
  • May 14, 2025

Recent SEC filings

Data status

When each part of this page on Global Water Resources, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Global Water Resources, Inc. in brief

What does Global Water Resources, Inc. do?
Global Water Resources, Inc. is a US-listed company in the water utilities industry. Its financial year ends in December.
What is Global Water Resources, Inc.'s stock ticker?
Global Water Resources, Inc. trades under the ticker GWRS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Global Water Resources, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Global Water Resources, Inc. reported revenue of $60.1M, 10.8% higher than a year earlier, according to its SEC filings.
What is Global Water Resources, Inc.'s free cash flow?
Global Water Resources, Inc.'s free-cash-flow margin is -40.5% of revenue over the trailing twelve months, ranking 11 of the 12 water utilities companies we cover.
Who are Global Water Resources, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Tsp Capital Management Group, LLC, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Global Water Resources, Inc.'s market cap?
On November 2, 2026, Global Water Resources, Inc.'s market capitalisation was about $229M, with a price-to-earnings ratio of 73.0 and net debt of $130M. Market figures come from third-party market data and may be delayed.
Does Global Water Resources, Inc. pay a dividend?
Yes: Global Water Resources, Inc. paid $8.6M in dividends over the trailing twelve months, a dividend yield of 3.73% and a payout ratio of 275.8%.
How much debt does Global Water Resources, Inc. have?
Global Water Resources, Inc.'s debt-to-equity ratio is 155.3%, from its latest balance sheet (362.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Global Water Resources, Inc.'s competitors?
In our Water Utilities peer group, the companies closest to Global Water Resources, Inc. are York Water Co, Pure Cycle Corp, Artesian Resources Corp, Middlesex Water Co and Cadiz Inc. The side-by-side comparison below sets their revenue, margins and growth against Global Water Resources, Inc.'s.
Are insiders buying or selling Global Water Resources, Inc. stock?
Over the last 12 months, Global Water Resources, Inc.'s directors and officers reported 10 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Global Water Resources, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Global Water Resources, Inc. announces its own schedule.