# H2O America (HTO)

- Sector: Utilities · Industry: Utilities Regulated Water
- SEC CIK: 0000766829 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000766829))
- Full page: https://inspectstocks.com/stocks/hto
- Data as of: price 2026-09-28; newest filing used 2026-04-29; latest fiscal period ended 2026-03-31

## Grade

**A+** on the balance-sheet rubric used for lenders, 5 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | $105M |  |
| Earnings growing overall | passed | $105M | $81.6M |
| Earnings growing recently | passed | $105M | $102.6M |
| Earns well on its assets | passed | 2.0% |  |
| Book value per share growing | passed | $43.89 | $36.51 |

Business quality (the + / − mark): 4 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 12.7% |  |
| Healthy profit margin | passed | 12.7% |  |
| Strong operating margin | passed | 21.7% |  |
| Good return on equity | failed | 6.8% |  |
| Debt under control | passed | 1.23 |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $824.5M |
| Net income, trailing twelve months | $105M |
| Net margin | 12.7% |
| Operating margin | 21.7% |
| Return on equity | 6.8% |
| Debt to equity | 1.23 |
| Diluted EPS, trailing twelve months | $2.91 |
| Share price | $61.37 |
| Market value | $2.6B |
| Price / earnings | 21.1x |
| Price / sales | 3.1x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/hto)
- [Financial statements](https://inspectstocks.com/stocks/hto/financials)
- [Competitors](https://inspectstocks.com/stocks/hto/peers)
- [Earnings](https://inspectstocks.com/stocks/hto/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.