HTO H2O America margins

Relative Growth: Rel. Growth: 54

Relative Strength: Rel. Strength: 69

Relative Valuation: Rel. Valuation: 48

Relative Profitability: Rel. Profitability: 53

Gross margin

52.2%

Operating margin

20.7%

EBITDA margin

38.3%

Net margin

12.5%

For this period, H2O America reports a gross margin of 52.2%, an operating margin of 20.7%, an EBITDA margin of 38.3%, and a net margin of 12.5%. Each available margin declined from the same period last year. Operating margin recorded the strongest contraction, decreasing by 2.7 percentage points.

HTO margin history

Gross, operating, EBITDA and net margin trends

H2O America's margins averaged 52.33% gross, 22.42% operating, 38.98% EBITDA, and 12.78% net over the last 3 years. At present, all four current margins are below their three-year averages.

HTO margin expansion

Year-over-year margin changes in percentage points

H2O America's gross margin contracted by 0.6 percentage points, operating margin by 2.7 percentage points, EBITDA margin by 0.9 percentage points, and net margin by 1.1 percentage points, led by operating margin with a decline of 2.7 percentage points.

Gross margin expansion

-0.6pp

Operating margin expansion

-2.7pp

EBITDA margin expansion

-0.9pp

Net margin expansion

-1.1pp

HTO Gross margin

Over the last 3 years, H2O America's gross margin averaged 52.33%. Currently, H2O America's current gross margin is 52.2%, which is 0.1 percentage points below its three-year average. During this period, gross margin reached a high of 52.8% in Sep 2025 and a low of 51.7% in Sep 2024.

HTO Operating margin

Over the last 3 years, H2O America's operating margin averaged 22.42%. As of the latest period, H2O America's current operating margin is 20.7%, which is 1.7 percentage points below its three-year average. During this period, operating margin reached a high of 23.4% in Sep 2025 and a low of 20.7% in Sep 2026.

HTO EBITDA margin

Over the last 3 years, H2O America's EBITDA margin averaged 38.98%. The current EBITDA margin of 38.3% is 0.7 percentage points below its three-year average. During this period, EBITDA margin reached a high of 40.2% in Jun 2024 and a low of 38.3% in Sep 2026.

HTO Net margin

Over the last 3 years, H2O America's net margin averaged 12.78%. The current net margin of 12.5% is 0.3 percentage points below its three-year average. During this period, net margin reached a high of 13.6% in Sep 2025 and a low of 12.5% in Mar 2024.

HTO margin group comparison

Margins compared with peer-group, industry and sector averages

H2O America's gross margin of 52.2% is higher than the Utilities sector average but lower than the industry and its peers average. In comparison with the Utilities sector average of 43.2%, H2O America's gross margin is 21% higher.

HTO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is H2O America's gross margin?

As of Sep 30, 2026, HTO has a gross margin of 52.2%.

What is H2O America's operating margin?

The current operating margin for HTO is 20.7% as of Sep 30, 2026.

What is H2O America's EBITDA margin?

The current EBITDA margin for HTO is 38.3% as of Sep 30, 2026.

What is H2O America's net margin?

The current net margin for HTO is 12.5% as of Sep 30, 2026.

What are the average margins of HTO?

Looking back over 3 years, HTO recorded average margins of 52.3% gross, 22.4% operating, 39.0% EBITDA, and 12.8% net.

What are the highest historical margins of HTO?

Across the 5-year period, HTO posted its highest margins at 54.2% gross in Sep 2023, 25.2% operating in Sep 2023, 41.8% EBITDA in Sep 2023, and 14.8% net in Sep 2023.

What are the lowest historical margins of HTO?

H2O America's lowest recorded margins during the past 5 years were 50.1% gross in Dec 2021, 18.7% operating in Jun 2022, 37.7% EBITDA in Jun 2022, and 9% net in Jun 2022.