CWT vs HTO
California Water Service Group and H2O America, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CWT | HTO |
|---|---|---|
| Revenue | $963.7M | $805.6M |
| Net income | $128.2M | $102.6M |
| Gross margin | · | · |
| Net margin | 13.3% | 12.7% |
| Return on equity | 7.7% | 7.1% |
| Diluted EPS | $2.15 | $2.92 |
| Dividend / share | $1.24 | $1.68 |
| Payout ratio | 57.6% | 57.2% |
| Free cash flow | · | · |
| Equity | · | $1.5B |
| Net debt / equity | 0.84× | 1.21× |
| Current ratio | 0.85× | 0.70× |
| Revenue CAGR 5y | 6.7% | 7.4% |
| Profit CAGR 5y | 5.8% | 10.8% |
CWT bills 1.2× the revenue of HTO, and keeps more of each dollar of revenue as profit (13.3% against 12.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CWT | HTO |
|---|---|---|
| FY2025 | $963.7M | $805.6M |
| FY2024 | $905.6M | $748.4M |
| FY2023 | $790.3M | $678.2M |
| FY2022 | $772.6M | $620.7M |
| FY2021 | $765.7M | $573.7M |
| FY2020 | $697.6M | $564.5M |
| FY2019 | $664.4M | $447.7M |
| FY2018 | $674.7M | $397.7M |
| FY2017 | $622.5M | $389.2M |
| FY2016 | $589.5M | $339.7M |
Bottom line
| Fiscal year | CWT | HTO |
|---|---|---|
| FY2025 | $128.2M | $102.6M |
| FY2024 | $190.8M | $94.0M |
| FY2023 | $51.9M | $85.0M |
| FY2022 | $96.0M | $73.8M |
| FY2021 | $101.1M | $60.5M |
| FY2020 | $96.8M | $61.5M |
| FY2019 | $63.1M | $23.4M |
| FY2018 | $65.6M | $38.8M |
| FY2017 | $72.9M | $59.2M |
| FY2016 | $48.7M | $52.8M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$158,101,000 | CWT |
| FY2024 | +$157,184,000 | CWT |
| FY2023 | +$112,166,000 | CWT |
| FY2022 | +$151,918,000 | CWT |
| FY2021 | +$192,018,000 | CWT |
| FY2020 | +$133,051,000 | CWT |
| FY2019 | +$216,638,000 | CWT |
| FY2018 | +$277,037,000 | CWT |
| FY2017 | +$233,249,000 | CWT |
| FY2016 | +$249,822,000 | CWT |
CWT has reported the higher revenue in every one of these 10 fiscal years. The gap has narrowed since the earliest year compared.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.5 pp | CWT |
| FY2024 | +8.4 pp | CWT |
| FY2023 | −6.0 pp | HTO |
| FY2022 | +0.4 pp | CWT |
| FY2021 | +2.6 pp | CWT |
| FY2020 | +3.0 pp | CWT |
| FY2019 | +4.2 pp | CWT |
| FY2018 | −0.0 pp | HTO |
| FY2017 | −4.0 pp | HTO |
The higher net margin has changed hands between CWT and HTO over this period.
9 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CWT's net margin has been more volatile than HTO's over the 9 comparable fiscal years — 3.8 percentage points of standard deviation against 2.7.
9 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CWT and HTO over these 9 fiscal years — CWT led in 6 and HTO in 3.
9 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HTO's return on equity has been more volatile than CWT's over the 17 comparable fiscal years — 3.1 percentage points of standard deviation against 1.9.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CWT and HTO over these 17 fiscal years — CWT led in 11 and HTO in 6.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.