Is H2O America (HTO) overvalued or fairly valued?

MarketChacha shows H2O America's valuation in context — a trailing P/E of about 21.6, a forward P/E of about 23.2, a price-to-book of about 1.5 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does H2O America's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.24×) from reported figures — education, not a rating.

What is H2O America's revenue?

H2O America reported revenue of $805.6M for FY2025, with net profit of $102.6M, per official filings.

What is the share price of H2O America (HTO)?

H2O America last traded at $63.94 (-0.1% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

H2O America

HTO · NYSE · Utilities · United States

$63.94-0.1%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:27 PM

Snapshot

TickerHTO

ExchangeNYSE

SectorUtilities

IndustryUtilities - Regulated Water

CountryUnited States

Employees837

HeadquartersSan Jose, United States

Market cap$2.7B

P/E (TTM)21.6

P/B1.5

Volume180.94K

Websitewww.h2o-america.com

Filings tracked4

About H2O America

H2O America, through its subsidiaries, provides water utility and other related services in the United States. The company engages in production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from Valley Water District. It also offers non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services, sewer operations, and other water related services; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine. In addition, the company provides water services; owns undeveloped land in California; and commercial properties and parcels of land in Connecticut. The company was formerly known as SJW Group and changed its name to H2O America in May 2025. H2O America was incorporated in 1985 and is headquartered in San Jose, California.

Profile as reported by Yahoo Finance.

Who owns it

Insiders17.6%
Institutions82.4%
Public & other0.0%

441 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.19.30%
ATLAS Infrastructure Partners (UK) Ltd.13.63%
Antipodes Partners Ltd.6.76%
Vanguard Capital Management LLC5.07%
Wellington Management Group, LLP4.85%
Cohen & Steers Inc.4.84%
State Street Corporation4.30%
Cerity Partners LLC3.94%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Latest ROE of 6.7% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion2.24×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend12.5% → 12.7%

Margin has held broadly steady over the period — stable profitability.

Return on equity6.7%

Latest ROE of 6.7% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 9% · PAT 10%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $268.0M · EPS 1.11

Est. earnings growth -12.7%

Next fiscal year

Rev $925.5M · EPS 2.76

Est. earnings growth +0.4%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$43.7552-wk range$66.05

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$2.7B

Day change

-0.1%

P/E (TTM)

21.6

Fwd P/E

23.2

P/B

1.5

Div yield

2.75%

Beta

0.34

Revenue (FY2025)

$805.6M

Net margin

12.7%

ROE

6.7%

Revenue CAGR (2y)

+9.0%

Profit CAGR (2y)

+9.9%

EPS (FY2025)

2.92

Net profit (FY2025)

$102.6M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about HTO

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$805.6M	$102.6M	2.92	12.7%	6.7%
FY2024	$736.3M	$94.0M	2.87	12.8%	6.9%
FY2023	$678.2M	$85.0M	2.68	12.5%	6.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$179.3M	$19.0M	0.49	10.6%
2025Q3	$243.5M	$45.1M	1.27	18.5%
2025Q2	$197.8M	$24.7M	0.71	12.5%
2025Q1	$164.9M	$16.6M	0.49	10.0%
2024Q3	$216.7M	$38.7M	1.17	17.8%
2024Q2	$173.1M	$20.7M	0.64	12.0%
2024Q1	$150.0M	$11.7M	0.36	7.8%
2023Q3	$211.7M	$36.2M	1.13	17.1%
2023Q2	$159.7M	$18.3M	0.58	11.4%
2023Q1	$135.8M	$11.5M	0.37	8.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Exhibits
SEC6/12/2026material
8-K — Shareholder vote results, Exhibits
SEC5/19/2026material
10-Q filing
SEC4/29/2026
8-K — Results of operations, Exhibits
SEC4/28/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.