H2o America annual operating margin
2009
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2016
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2021
2022
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2024
2025
H2o America Operating Margin Growth & History (HTO)
H2o America's operating margin was 22.04% for fiscal 2025.
View full H2o America company overviewH2o America annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 22.04% | −1.12 pp |
| 2024 | 2024-12-31 | 23.16% | +1.12 pp |
| 2023 | 2023-12-31 | 22.04% | −0.28 pp |
| 2022 | 2022-12-31 | 22.32% | +2.45 pp |
| 2021 | 2021-12-31 | 19.87% | −1.56 pp |
| 2020 | 2020-12-31 | 21.42% | +8.58 pp |
| 2019 | 2019-12-31 | 12.84% | −6.03 pp |
| 2018 | 2018-12-31 | 18.86% | −7.81 pp |
| 2017 | 2017-12-31 | 26.68% | −3.01 pp |
| 2016 | 2016-12-31 | 29.68% | +3.47 pp |
| 2015 | 2015-12-31 | 26.21% | −2.85 pp |
| 2014 | 2014-12-31 | 29.05% | +9.76 pp |
| 2013 | 2013-12-31 | 19.29% | −1.85 pp |
| 2012 | 2012-12-31 | 21.14% | −1.62 pp |
| 2011 | 2011-12-31 | 22.76% | +5.11 pp |
| 2010 | 2010-12-31 | 17.66% | −0.71 pp |
| 2009 | 2009-12-31 | 18.36% | — |
H2o America quarterly operating margin
Q2.10
Q3.10
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Q4.12
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Q1.17
Q2.17
Q3.17
Q4.17
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Q2.18
Q3.18
Q4.18
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Q1.20
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Q4.20
Q1.21
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Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 20.87% | −0.90 pp |
| Q4 2025 | 2025-12-31 | 16.62% | −5.60 pp |
| Q3 2025 | 2025-09-30 | 26.54% | −0.39 pp |
| Q2 2025 | 2025-06-30 | 22.18% | −1.26 pp |
| Q1 2025 | 2025-03-31 | 21.77% | +3.17 pp |
| Q4 2024 | 2024-12-31 | 22.22% | +0.86 pp |
| Q3 2024 | 2024-09-30 | 26.93% | +0.19 pp |
| Q2 2024 | 2024-06-30 | 23.44% | +3.93 pp |
| Q1 2024 | 2024-03-31 | 18.61% | +0.07 pp |
| Q4 2023 | 2023-12-31 | 21.35% | −13.04 pp |
| Q3 2023 | 2023-09-30 | 26.74% | +4.61 pp |
| Q2 2023 | 2023-06-30 | 19.51% | +1.75 pp |
| Q1 2023 | 2023-03-31 | 18.54% | +4.91 pp |
| Q4 2022 | 2022-12-31 | 34.39% | +11.28 pp |
| Q3 2022 | 2022-09-30 | 22.12% | +1.42 pp |
| Q2 2022 | 2022-06-30 | 17.76% | −4.41 pp |
| Q1 2022 | 2022-03-31 | 13.62% | +1.97 pp |
| Q4 2021 | 2021-12-31 | 23.11% | +5.11 pp |
| Q3 2021 | 2021-09-30 | 20.71% | −4.37 pp |
| Q2 2021 | 2021-06-30 | 22.17% | −3.20 pp |
| Q1 2021 | 2021-03-31 | 11.65% | −3.02 pp |
| Q4 2020 | 2020-12-31 | 18.00% | +13.50 pp |
| Q3 2020 | 2020-09-30 | 25.07% | +12.01 pp |
| Q2 2020 | 2020-06-30 | 25.37% | +4.31 pp |
| Q1 2020 | 2020-03-31 | 14.67% | −1.05 pp |
| Q4 2019 | 2019-12-31 | 4.50% | −13.91 pp |
| Q3 2019 | 2019-09-30 | 13.06% | −8.46 pp |
| Q2 2019 | 2019-06-30 | 21.07% | −2.09 pp |
| Q1 2019 | 2019-03-31 | 15.72% | +6.06 pp |
| Q4 2018 | 2018-12-31 | 18.41% | −2.47 pp |
| Q3 2018 | 2018-09-30 | 21.52% | −9.66 pp |
| Q2 2018 | 2018-06-30 | 23.16% | −10.03 pp |
| Q1 2018 | 2018-03-31 | 9.66% | −7.41 pp |
| Q4 2017 | 2017-12-31 | 20.88% | −9.65 pp |
| Q3 2017 | 2017-09-30 | 31.18% | −1.17 pp |
| Q2 2017 | 2017-06-30 | 33.19% | −1.08 pp |
| Q1 2017 | 2017-03-31 | 17.07% | −0.24 pp |
| Q4 2016 | 2016-12-31 | 30.52% | −5.64 pp |
| Q3 2016 | 2016-09-30 | 32.35% | +10.34 pp |
| Q2 2016 | 2016-06-30 | 34.27% | +10.50 pp |
| Q1 2016 | 2016-03-31 | 17.31% | −3.30 pp |
| Q4 2015 | 2015-12-31 | 36.16% | +13.67 pp |
| Q3 2015 | 2015-09-30 | 22.01% | −25.12 pp |
| Q2 2015 | 2015-06-30 | 23.77% | +6.54 pp |
| Q1 2015 | 2015-03-31 | 20.62% | +9.53 pp |
| Q4 2014 | 2014-12-31 | 22.50% | +5.62 pp |
| Q3 2014 | 2014-09-30 | 47.13% | +24.43 pp |
| Q2 2014 | 2014-06-30 | 17.23% | −5.59 pp |
| Q1 2014 | 2014-03-31 | 11.09% | −0.43 pp |
| Q4 2013 | 2013-12-31 | 16.88% | −5.72 pp |
| Q3 2013 | 2013-09-30 | 22.70% | −2.65 pp |
| Q2 2013 | 2013-06-30 | 22.82% | +2.10 pp |
| Q1 2013 | 2013-03-31 | 11.51% | −1.63 pp |
| Q4 2012 | 2012-12-31 | 22.59% | −3.91 pp |
| Q3 2012 | 2012-09-30 | 25.34% | +0.33 pp |
| Q2 2012 | 2012-06-30 | 20.72% | −2.64 pp |
| Q1 2012 | 2012-03-31 | 13.15% | +0.33 pp |
| Q4 2011 | 2011-12-31 | 26.50% | +1.02 pp |
| Q3 2011 | 2011-09-30 | 25.01% | +4.05 pp |
| Q2 2011 | 2011-06-30 | 23.36% | — |
| Q1 2011 | 2011-03-31 | 12.82% | — |
| Q3 2010 | 2010-09-30 | 25.48% | — |
| Q2 2010 | 2010-06-30 | 20.96% | — |
H2o America operating margin trends
Over the last five reported fiscal years, H2o America's operating margin increased from 21.42% to 22.04%, a change of +0.61 percentage points. The latest reported quarter, Q1 2026, shows 20.87%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review H2o America filings at SEC.gov ↗