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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Axsome Therapeutics, Inc. (AXSM). Click either name above to swap in a different company.

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $164.3M, roughly 1.2× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -14.6%, a 32.1% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs 14.8%). Axsome Therapeutics, Inc. produced more free cash flow last quarter ($-18.7M vs $-36.0M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs 10.2%).

American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

AWR vs AXSM — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.2× larger
AXSM
$196.0M
$164.3M
AWR
Growing faster (revenue YoY)
AXSM
AXSM
+50.2% gap
AXSM
65.0%
14.8%
AWR
Higher net margin
AWR
AWR
32.1% more per $
AWR
17.5%
-14.6%
AXSM
More free cash flow
AXSM
AXSM
$17.3M more FCF
AXSM
$-18.7M
$-36.0M
AWR
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
10.2%
AWR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWR
AWR
AXSM
AXSM
Revenue
$164.3M
$196.0M
Net Profit
$28.7M
$-28.6M
Gross Margin
88.9%
Operating Margin
27.4%
-13.8%
Net Margin
17.5%
-14.6%
Revenue YoY
14.8%
65.0%
Net Profit YoY
1.1%
61.9%
EPS (diluted)
$0.74
$-0.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AWR
AWR
AXSM
AXSM
Q4 25
$164.3M
$196.0M
Q3 25
$182.7M
$171.0M
Q2 25
$163.1M
$150.0M
Q1 25
$148.0M
$121.5M
Q4 24
$143.1M
$118.8M
Q3 24
$161.8M
$104.8M
Q2 24
$155.3M
$87.2M
Q1 24
$135.3M
$75.0M
Net Profit
AWR
AWR
AXSM
AXSM
Q4 25
$28.7M
$-28.6M
Q3 25
$41.2M
$-47.2M
Q2 25
$33.7M
$-48.0M
Q1 25
$26.8M
$-59.4M
Q4 24
$28.4M
$-74.9M
Q3 24
$35.8M
$-64.6M
Q2 24
$31.9M
$-79.3M
Q1 24
$23.1M
$-68.4M
Gross Margin
AWR
AWR
AXSM
AXSM
Q4 25
88.9%
Q3 25
91.0%
Q2 25
92.1%
Q1 25
91.3%
Q4 24
92.4%
Q3 24
92.7%
Q2 24
89.6%
Q1 24
88.4%
Operating Margin
AWR
AWR
AXSM
AXSM
Q4 25
27.4%
-13.8%
Q3 25
33.8%
-27.0%
Q2 25
31.3%
-24.5%
Q1 25
30.8%
-46.9%
Q4 24
27.0%
-61.1%
Q3 24
34.0%
-59.8%
Q2 24
33.3%
-89.5%
Q1 24
28.8%
-89.7%
Net Margin
AWR
AWR
AXSM
AXSM
Q4 25
17.5%
-14.6%
Q3 25
22.5%
-27.6%
Q2 25
20.7%
-32.0%
Q1 25
18.1%
-48.9%
Q4 24
19.9%
-63.1%
Q3 24
22.1%
-61.7%
Q2 24
20.5%
-91.0%
Q1 24
17.1%
-91.1%
EPS (diluted)
AWR
AWR
AXSM
AXSM
Q4 25
$0.74
$-0.55
Q3 25
$1.06
$-0.94
Q2 25
$0.87
$-0.97
Q1 25
$0.70
$-1.22
Q4 24
$0.75
$-1.54
Q3 24
$0.95
$-1.34
Q2 24
$0.85
$-1.67
Q1 24
$0.62
$-1.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AWR
AWR
AXSM
AXSM
Cash + ST InvestmentsLiquidity on hand
$18.8M
$322.9M
Total DebtLower is stronger
$782.7M
Stockholders' EquityBook value
$1.0B
$88.3M
Total Assets
$2.7B
$689.8M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWR
AWR
AXSM
AXSM
Q4 25
$18.8M
$322.9M
Q3 25
$26.1M
$325.3M
Q2 25
$20.2M
$303.0M
Q1 25
$21.2M
$300.9M
Q4 24
$26.7M
$315.4M
Q3 24
$16.5M
$327.3M
Q2 24
$3.6M
$315.7M
Q1 24
$17.0M
$331.4M
Total Debt
AWR
AWR
AXSM
AXSM
Q4 25
$782.7M
Q3 25
Q2 25
Q1 25
Q4 24
$640.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AWR
AWR
AXSM
AXSM
Q4 25
$1.0B
$88.3M
Q3 25
$1.0B
$73.7M
Q2 25
$972.5M
$73.1M
Q1 25
$956.4M
$53.2M
Q4 24
$920.1M
$57.0M
Q3 24
$879.5M
$92.9M
Q2 24
$833.5M
$102.9M
Q1 24
$800.5M
$144.0M
Total Assets
AWR
AWR
AXSM
AXSM
Q4 25
$2.7B
$689.8M
Q3 25
$2.7B
$669.3M
Q2 25
$2.6B
$639.8M
Q1 25
$2.5B
$596.7M
Q4 24
$2.5B
$568.5M
Q3 24
$2.4B
$561.5M
Q2 24
$2.3B
$548.2M
Q1 24
$2.3B
$545.7M
Debt / Equity
AWR
AWR
AXSM
AXSM
Q4 25
0.75×
Q3 25
Q2 25
Q1 25
Q4 24
0.70×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AWR
AWR
AXSM
AXSM
Operating Cash FlowLast quarter
$27.7M
$-18.7M
Free Cash FlowOCF − Capex
$-36.0M
$-18.7M
FCF MarginFCF / Revenue
-21.9%
-9.6%
Capex IntensityCapex / Revenue
38.8%
0.0%
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters
$-7.1M
$-93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWR
AWR
AXSM
AXSM
Q4 25
$27.7M
$-18.7M
Q3 25
$92.4M
$1.0M
Q2 25
$64.6M
$-32.4M
Q1 25
$45.1M
$-43.4M
Q4 24
$64.5M
$-26.2M
Q3 24
$63.7M
$-18.6M
Q2 24
$24.7M
$-30.1M
Q1 24
$45.8M
$-53.5M
Free Cash Flow
AWR
AWR
AXSM
AXSM
Q4 25
$-36.0M
$-18.7M
Q3 25
$37.7M
$988.0K
Q2 25
$13.7M
$-32.4M
Q1 25
$-22.5M
$-43.7M
Q4 24
$6.0M
$-26.2M
Q3 24
$-478.0K
$-18.7M
Q2 24
$-37.0M
$-30.2M
Q1 24
$-1.7M
$-53.6M
FCF Margin
AWR
AWR
AXSM
AXSM
Q4 25
-21.9%
-9.6%
Q3 25
20.7%
0.6%
Q2 25
8.4%
-21.6%
Q1 25
-15.2%
-36.0%
Q4 24
4.2%
-22.1%
Q3 24
-0.3%
-17.9%
Q2 24
-23.8%
-34.6%
Q1 24
-1.3%
-71.4%
Capex Intensity
AWR
AWR
AXSM
AXSM
Q4 25
38.8%
0.0%
Q3 25
29.9%
0.0%
Q2 25
31.2%
0.0%
Q1 25
45.6%
0.3%
Q4 24
40.9%
0.0%
Q3 24
39.7%
0.1%
Q2 24
39.8%
0.1%
Q1 24
35.2%
0.1%
Cash Conversion
AWR
AWR
AXSM
AXSM
Q4 25
0.96×
Q3 25
2.24×
Q2 25
1.92×
Q1 25
1.68×
Q4 24
2.27×
Q3 24
1.78×
Q2 24
0.78×
Q1 24
1.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AWR
AWR

Water Service Utility Operations$110.0M67%
Public Utilities Inventory Water$22.3M14%
Wastewater$15.9M10%
Electric Service Utility Operations$15.2M9%

AXSM
AXSM

Segment breakdown not available.

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