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H2O America Valuation Multiples
Discover revenue and EBITDA valuation multiples for H2O America and similar public comparables like COELBA, Colbun, Aguas Andinas, Gujarat Gas and more.
H2O America Overview
About H2O America
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.
Founded
1985
HQ
Employees
822
Website
Sectors
Financials (LTM)
EV
$4B
H2O America Financials
H2O America reported last 12-month revenue of $824M and EBITDA of $331M.
In the same LTM period, H2O America generated $463M in gross profit, $331M in EBITDA, and $106M in net income.
Revenue (LTM)
H2O America P&L
In the most recent fiscal year, H2O America reported revenue of $801M and EBITDA of $319M.
H2O America expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $824M | XXX | $801M | XXX | XXX | XXX |
| Gross Profit | $463M | XXX | $457M | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | 57% | XXX | XXX | XXX |
| EBITDA | $331M | XXX | $319M | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $106M | XXX | $103M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
H2O America Stock Performance
H2O America has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
H2O America's stock price is $59.84.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 2.8% | XXX | XXX | XXX | $2.45 |
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Start Free TrialH2O America Valuation Multiples
H2O America trades at 5.4x EV/Revenue multiple, and 13.5x EV/EBITDA.
EV / Revenue (LTM)
H2O America Financial Valuation Multiples
As of April 11, 2026, H2O America has market cap of $3B and EV of $4B.
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 23.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 5.4x | XXX | 5.6x | XXX | XXX | XXX |
| EV/EBITDA | 13.5x | XXX | 14.0x | XXX | XXX | XXX |
| EV/EBIT | 22.8x | XXX | 24.0x | XXX | XXX | XXX |
| EV/Gross Profit | 9.6x | XXX | 9.8x | XXX | XXX | XXX |
| P/E | 23.5x | XXX | 24.4x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (16.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified H2O America Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
H2O America Margins & Growth Rates
H2O America's revenue in the last 12 month grew by 10%.
H2O America's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.3M for the same period.
H2O America's rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
H2O America's rule of X is 67% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
H2O America Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 51% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 67% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | 16% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 35% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
H2O America Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| COELBA | XXX | XXX | XXX | XXX | XXX | XXX |
| Colbun | XXX | XXX | XXX | XXX | XXX | XXX |
| Aguas Andinas | XXX | XXX | XXX | XXX | XXX | XXX |
| Gujarat Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| MVV Energie | 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 M&A Activity
H2O America acquired XXX companies to date.
Last acquisition by H2O America was on XXXXXXXX, XXXXX. H2O America acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by H2O America
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialH2O America Investment Activity
H2O America invested in XXX companies to date.
H2O America made its latest investment on XXXXXXXX, XXXXX. H2O America invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by H2O America
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout H2O America
| When was H2O America founded? | H2O America was founded in 1985. |
| Where is H2O America headquartered? | H2O America is headquartered in United States. |
| How many employees does H2O America have? | As of today, H2O America has over 822 employees. |
| Who is the CEO of H2O America? | H2O America's CEO is Andrew F. Walters. |
| Is H2O America publicly listed? | Yes, H2O America is a public company listed on Nasdaq. |
| 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? | H2O America main competitors are COELBA, Colbun, Aguas Andinas, Gujarat Gas. |
| What is the current market cap of H2O America? | H2O America's current market cap is $3B. |
| What is the current revenue of H2O America? | H2O America's last 12 months revenue is $824M. |
| What is the current revenue growth of H2O America? | H2O America revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of H2O America? | Current revenue multiple of H2O America is 5.4x. |
| 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 $331M. |
| What is H2O America's EBITDA margin? | H2O America's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of H2O America? | Current EBITDA multiple of H2O America is 13.5x. |
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