H2O America
H2O America, through its subsidiaries, provides water utility and other related services in the United States. The company engages in the 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 S… Read more
H2O America (HTO) - Net Assets
Latest net assets as of September 2025: $1.52 Billion USD
Based on the latest financial reports, H2O America (HTO) has net assets worth $1.52 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.58 Billion) and total liabilities ($2.06 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.52 Billion |
| % of Total Assets | 42.5% |
| Annual Growth Rate | 8.97% |
| 5-Year Change | 49.04% |
| 10-Year Change | 256.18% |
| Growth Volatility | 15.96 |
H2O America - Net Assets Trend (1994–2024)
This chart illustrates how H2O America's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for H2O America (1994–2024)
The table below shows the annual net assets of H2O America from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.37 Billion | +10.83% |
| 2023-12-31 | $1.23 Billion | +11.03% |
| 2022-12-31 | $1.11 Billion | +7.38% |
| 2021-12-31 | $1.03 Billion | +12.80% |
| 2020-12-31 | $917.16 Million | +3.05% |
| 2019-12-31 | $889.98 Million | +0.08% |
| 2018-12-31 | $889.31 Million | +91.99% |
| 2017-12-31 | $463.21 Million | +9.86% |
| 2016-12-31 | $421.65 Million | +9.87% |
| 2015-12-31 | $383.78 Million | +6.56% |
| 2014-12-31 | $360.15 Million | +12.14% |
| 2013-12-31 | $321.18 Million | +16.96% |
| 2012-12-31 | $274.60 Million | +4.02% |
| 2011-12-31 | $264.00 Million | +3.52% |
| 2010-12-31 | $255.03 Million | +0.90% |
| 2009-12-31 | $252.76 Million | -0.62% |
| 2008-12-31 | $254.33 Million | +7.34% |
| 2007-12-31 | $236.93 Million | +3.84% |
| 2006-12-31 | $228.18 Million | +16.47% |
| 2005-12-31 | $195.91 Million | +6.07% |
| 2004-12-31 | $184.69 Million | +11.01% |
| 2003-12-31 | $166.37 Million | +8.38% |
| 2002-12-31 | $153.50 Million | +2.78% |
| 2001-12-31 | $149.35 Million | +3.48% |
| 2000-12-31 | $144.32 Million | +0.30% |
| 1999-12-31 | $143.89 Million | +0.52% |
| 1998-12-31 | $143.15 Million | +7.15% |
| 1997-12-31 | $133.60 Million | +11.33% |
| 1996-12-31 | $120.00 Million | +10.19% |
| 1995-12-31 | $108.90 Million | +4.71% |
| 1994-12-31 | $104.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to H2O America's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 645.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $537.18 Million | 39.30% |
| Common Stock | $34.00K | 0.00% |
| Other Comprehensive Income | $1.96 Million | 0.14% |
| Other Components | $827.80 Million | 60.56% |
| Total Equity | $1.37 Billion | 100.00% |
H2O America Competitors by Market Cap
The table below lists competitors of H2O America ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Summerset Group Holdings Limited
PINK:SMGRF
|
$1.74 Billion |
|
China Nonferrous Mining Corporation Limited
STU:3N4
|
$1.74 Billion |
|
Lanxess AG
PINK:LNXSF
|
$1.74 Billion |
|
Daido Steel Co. Ltd
F:DDL
|
$1.74 Billion |
|
GMO PAYMENT GATEWAY INC.
F:3RH
|
$1.74 Billion |
|
Netcompany Group A/S
OTCQX:NTCYF
|
$1.74 Billion |
|
Integral Ad Science Holding LLC
NASDAQ:IAS
|
$1.74 Billion |
|
KCC Corporation
KO:002380
|
$1.73 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in H2O America's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,233,397,000 to 1,366,974,000, a change of 133,577,000 (10.8%).
- Net income of 93,967,000 contributed positively to equity growth.
- Dividend payments of 52,132,000 reduced retained earnings.
- New share issuances of 85,008,000 increased equity.
- Other comprehensive income increased equity by 169,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $93.97 Million | +6.87% |
| Dividends Paid | $52.13 Million | -3.81% |
| Share Issuances | $85.01 Million | +6.22% |
| Other Comprehensive Income | $169.00K | +0.01% |
| Other Changes | $6.57 Million | +0.48% |
| Total Change | $- | 10.83% |
Book Value vs Market Value Analysis
This analysis compares H2O America's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.69x to 1.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $5.33 | $57.00 | x |
| 1995-12-31 | $5.60 | $57.00 | x |
| 1996-12-31 | $6.30 | $57.00 | x |
| 1997-12-31 | $7.02 | $57.00 | x |
| 1998-12-31 | $7.67 | $57.00 | x |
| 1999-12-31 | $7.71 | $57.00 | x |
| 2000-12-31 | $7.90 | $57.00 | x |
| 2001-12-31 | $8.17 | $57.00 | x |
| 2002-12-31 | $8.40 | $57.00 | x |
| 2003-12-31 | $8.44 | $57.00 | x |
| 2004-12-31 | $9.99 | $57.00 | x |
| 2005-12-31 | $10.60 | $57.00 | x |
| 2006-12-31 | $12.31 | $57.00 | x |
| 2007-12-31 | $12.77 | $57.00 | x |
| 2008-12-31 | $13.67 | $57.00 | x |
| 2009-12-31 | $13.53 | $57.00 | x |
| 2010-12-31 | $13.61 | $57.00 | x |
| 2011-12-31 | $14.05 | $57.00 | x |
| 2012-12-31 | $14.58 | $57.00 | x |
| 2013-12-31 | $16.08 | $57.00 | x |
| 2014-12-31 | $17.64 | $57.00 | x |
| 2015-12-31 | $18.71 | $57.00 | x |
| 2016-12-31 | $20.48 | $57.00 | x |
| 2017-12-31 | $22.39 | $57.00 | x |
| 2018-12-31 | $41.69 | $57.00 | x |
| 2019-12-31 | $31.16 | $57.00 | x |
| 2020-12-31 | $31.96 | $57.00 | x |
| 2021-12-31 | $34.79 | $57.00 | x |
| 2022-12-31 | $36.51 | $57.00 | x |
| 2023-12-31 | $38.95 | $57.00 | x |
| 2024-12-31 | $40.57 | $57.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently H2O America utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.56%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 3.41x
- Recent ROE (6.87%) is below the historical average (9.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 9.52% | 9.96% | 0.38x | 2.52x | $-500.00K |
| 1995 | 10.56% | 11.81% | 0.35x | 2.58x | $610.00K |
| 1996 | 15.50% | 18.13% | 0.35x | 2.47x | $6.60 Million |
| 1997 | 11.38% | 13.81% | 0.34x | 2.42x | $1.84 Million |
| 1998 | 11.95% | 16.13% | 0.29x | 2.51x | $2.79 Million |
| 1999 | 11.04% | 13.58% | 0.31x | 2.59x | $1.49 Million |
| 2000 | 7.39% | 8.66% | 0.31x | 2.72x | $-3.77 Million |
| 2001 | 8.61% | 9.45% | 0.32x | 2.89x | $-2.07 Million |
| 2002 | 9.27% | 9.72% | 0.32x | 2.95x | $-1.12 Million |
| 2003 | 11.23% | 12.41% | 0.29x | 3.10x | $2.04 Million |
| 2004 | 10.71% | 11.85% | 0.30x | 2.99x | $1.32 Million |
| 2005 | 11.15% | 12.13% | 0.31x | 3.00x | $2.25 Million |
| 2006 | 16.91% | 20.39% | 0.27x | 3.09x | $15.76 Million |
| 2007 | 8.16% | 9.35% | 0.27x | 3.24x | $-4.37 Million |
| 2008 | 8.44% | 9.74% | 0.26x | 3.35x | $-3.97 Million |
| 2009 | 6.00% | 7.02% | 0.25x | 3.48x | $-10.10 Million |
| 2010 | 9.57% | 11.32% | 0.23x | 3.67x | $-1.10 Million |
| 2011 | 7.91% | 8.74% | 0.23x | 3.93x | $-5.52 Million |
| 2012 | 8.13% | 8.53% | 0.24x | 3.96x | $-5.14 Million |
| 2013 | 6.97% | 8.08% | 0.25x | 3.46x | $-9.73 Million |
| 2014 | 14.38% | 16.21% | 0.25x | 3.52x | $15.79 Million |
| 2015 | 9.87% | 12.42% | 0.23x | 3.48x | $-496.30K |
| 2016 | 12.53% | 15.55% | 0.24x | 3.42x | $10.67 Million |
| 2017 | 12.78% | 15.21% | 0.27x | 3.15x | $12.88 Million |
| 2018 | 4.36% | 9.75% | 0.20x | 2.20x | $-50.16 Million |
| 2019 | 2.63% | 5.57% | 0.13x | 3.52x | $-65.60 Million |
| 2020 | 6.71% | 10.90% | 0.17x | 3.61x | $-30.20 Million |
| 2021 | 5.85% | 10.54% | 0.16x | 3.38x | $-42.97 Million |
| 2022 | 6.65% | 11.89% | 0.17x | 3.38x | $-37.26 Million |
| 2023 | 6.89% | 12.68% | 0.15x | 3.52x | $-38.35 Million |
| 2024 | 6.87% | 12.56% | 0.16x | 3.41x | $-42.73 Million |
Industry Comparison
This section compares H2O America's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $1,946,316,922
- Average return on equity (ROE) among peers: -30.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| H2O America (HTO) | $1.52 Billion | 9.52% | 1.35x | $1.74 Billion |
| American Energy Partners Inc (AEPT) | $2.39 Million | -209.56% | 6.60x | $150.58K |
| Aris Water Solutions Inc (ARIS) | $26.95 Million | 3.97% | 0.85x | $546.88 Million |
| Artesian Resources Corporation (ARTNB) | $125.61 Million | 7.57% | 2.36x | $294.87 Million |
| SIIC Environment Holdings Ltd (AWAEF) | $11.86 Billion | 5.06% | 1.73x | $59.96 Million |
| American Water Works (AWK) | $4.13 Billion | -13.62% | 2.20x | $26.06 Billion |
| Beijing Enterprises Water Group Limited (BJWTY) | $3.01 Billion | 6.40% | 1.46x | $3.33 Billion |
| Cadiz Inc (CDZI) | $18.75 Million | -45.26% | 1.06x | $270.81 Million |
| Clean Teq Water Ltd (CNQQF) | $3.98 Million | -76.35% | 2.11x | $9.48 Million |
| Consolidated Water Co Ltd (CWCO) | $125.54 Million | 4.86% | 0.23x | $470.88 Million |
| California Water Service Group (CWT) | $157.70 Million | 12.11% | 2.25x | $2.56 Billion |