H2O America (HTO)

Net profit margin

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Net income (ttm)	US$ in thousands	102,798	98,819	93,967	89,996	87,566	85,156	84,987	99,537	88,349	81,373	73,580	57,967	52,001	61,573	60,490	55,888	62,989	61,828	61,591	42,821
Revenue (ttm)	US$ in thousands	788,737	766,656	748,439	721,957	701,737	682,449	670,363	670,399	641,537	633,692	620,698	589,061	580,003	583,203	573,686	569,649	568,589	563,557	564,526	554,664
Net profit margin		13.03%	12.89%	12.56%	12.47%	12.48%	12.48%	12.68%	14.85%	13.77%	12.84%	11.85%	9.84%	8.97%	10.56%	10.54%	9.81%	11.08%	10.97%	10.91%	7.72%

June 30, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $102,798K ÷ $788,737K
= 13.03%

The net profit margin of H2O America has exhibited a general upward trend over the period analyzed, indicating an improvement in profitability relative to revenue. Starting at 7.72% on September 30, 2020, the margin experienced a steady increase through subsequent quarters, reaching a peak of 14.85% by September 30, 2023. This rise suggests enhanced operational efficiency, better cost management, or favorable revenue composition during this period.

Post-September 2023, the net profit margin saw a modest decline to 12.68% at the end of December 2023, followed by relatively stable levels around 12.48% to 12.56% through March and June of 2024. The margin rebounded slightly to 12.89% in March 2025 and a further increase to 13.03% by June 2025.

Overall, the data indicates that H2O America's profitability has improved significantly from late 2020 through mid-2023, with recent periods showing stability at over 12%, reflecting consistent profit generation relative to revenues. This trend underscores the company's capacity to sustain its profitability margins over time despite minor fluctuations.