Switch theme
Sign up to access all valuation multiples
H2O America is a national investor-owned network of local water and wastewater utilities united by one purpose: delivering clean, high-quality water to the communities it calls home. Across approximately 407,000 water and wastewater service connections, the company invests in critical infrastructure to strengthen the water supply for generations to come.
1985
822
LTM Revenue $777M
LTM EBITDA $306M
$3.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
H2O America has a last 12-month revenue (LTM) of $777M and a last 12-month EBITDA of $306M.
In the most recent fiscal year, H2O America achieved revenue of $748M and an EBITDA of $289M.
H2O America expects next 12-month revenue of XXX and NTM EBITDA of XXX
See H2O America valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $777M | XXX | $748M | XXX | XXX | XXX |
| Gross Profit | $490M | XXX | $425M | XXX | XXX | XXX |
| Gross Margin | 63% | XXX | 57% | XXX | XXX | XXX |
| EBITDA | $306M | XXX | $289M | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 39% | XXX | XXX | XXX |
| EBIT | $186M | XXX | $171M | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $99.7M | XXX | $94.0M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $1.8B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of August 18, 2025, H2O America's stock price is $50.
H2O America has current market cap of $1.8B, and EV of $3.6B.
See H2O America trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.6B | $1.8B | XXX | XXX | XXX | XXX | $2.94 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of August 18, 2025, H2O America has market cap of $1.8B and EV of $3.6B.
H2O America's trades at 4.8x EV/Revenue multiple, and 12.5x EV/EBITDA.
Equity research analysts estimate H2O America's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
H2O America has a P/E ratio of 17.7x.
See valuation multiples for H2O America and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.8B | XXX | $1.8B | XXX | XXX | XXX |
| EV (current) | $3.6B | XXX | $3.6B | XXX | XXX | XXX |
| EV/Revenue | 4.7x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBITDA | 11.8x | XXX | 12.5x | XXX | XXX | XXX |
| EV/EBIT | 19.4x | XXX | 21.2x | XXX | XXX | XXX |
| EV/Gross Profit | 7.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 17.7x | XXX | 18.8x | XXX | XXX | XXX |
| EV/FCF | -21.6x | XXX | -19.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialH2O America's last 12 month revenue growth is 6%
H2O America's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.3M for the same period.
H2O America's rule of 40 is 45% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
H2O America's rule of X is 54% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for H2O America and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 39% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | 45% | XXX | 44% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 54% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 34% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
H2O America acquired XXX companies to date.
Last acquisition by H2O America was XXXXXXXX, XXXXX XXXXX XXXXXX . H2O America acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 65K+ M&A deals.
Start Free Trial| When was H2O America founded? | H2O America was founded in 1985. |
| Where is H2O America headquartered? | H2O America is headquartered in United States of America. |
| How many employees does H2O America have? | As of today, H2O America has 822 employees. |
| Who is the CEO of H2O America? | H2O America's CEO is Mr. Andrew F. Walters. |
| Is H2O America publicy listed? | Yes, H2O America is a public company listed on NAS. |
| What is the stock symbol of H2O America? | H2O America trades under HTO ticker. |
| When did H2O America go public? | H2O America went public in 1972. |
| Who are competitors of H2O America? | Similar companies to H2O America include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of H2O America? | H2O America's current market cap is $1.8B |
| What is the current revenue of H2O America? | H2O America's last 12 months revenue is $777M. |
| What is the current revenue growth of H2O America? | H2O America revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of H2O America? | Current revenue multiple of H2O America is 4.7x. |
| Is H2O America profitable? | Yes, H2O America is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of H2O America? | H2O America's last 12 months EBITDA is $306M. |
| What is H2O America's EBITDA margin? | H2O America's last 12 months EBITDA margin is 39%. |
| What is the current EV/EBITDA multiple of H2O America? | Current EBITDA multiple of H2O America is 11.8x. |
| What is the current FCF of H2O America? | H2O America's last 12 months FCF is -$168M. |
| What is H2O America's FCF margin? | H2O America's last 12 months FCF margin is -22%. |
| What is the current EV/FCF multiple of H2O America? | Current FCF multiple of H2O America is -21.6x. |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
