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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and BLACKBERRY Ltd (BB). Click either name above to swap in a different company.
AMERICAN STATES WATER CO is the larger business by last-quarter revenue ($164.3M vs $141.8M, roughly 1.2× BLACKBERRY Ltd). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 9.7%, a 7.8% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -0.8%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $-36.0M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% 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.
BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.
AWR vs BB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $141.8M |
| Net Profit | $28.7M | $13.7M |
| Gross Margin | 88.9% | 77.5% |
| Operating Margin | 27.4% | 8.4% |
| Net Margin | 17.5% | 9.7% |
| Revenue YoY | 14.8% | -0.8% |
| Net Profit YoY | 1.1% | 224.5% |
| EPS (diluted) | $0.74 | $0.02 |
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.
| Q4 25 | $164.3M | $141.8M | ||
| Q3 25 | $182.7M | $129.6M | ||
| Q2 25 | $163.1M | $121.7M | ||
| Q1 25 | $148.0M | $141.7M | ||
| Q4 24 | $143.1M | $143.6M | ||
| Q3 24 | $161.8M | $126.2M | ||
| Q2 24 | $155.3M | $123.4M | ||
| Q1 24 | $135.3M | $102.1M |
| Q4 25 | $28.7M | $13.7M | ||
| Q3 25 | $41.2M | $13.3M | ||
| Q2 25 | $33.7M | $1.9M | ||
| Q1 25 | $26.8M | $-7.4M | ||
| Q4 24 | $28.4M | $-10.5M | ||
| Q3 24 | $35.8M | $-19.7M | ||
| Q2 24 | $31.9M | $-41.4M | ||
| Q1 24 | $23.1M | $-56.2M |
| Q4 25 | 88.9% | 77.5% | ||
| Q3 25 | 91.0% | 74.5% | ||
| Q2 25 | 92.1% | 74.2% | ||
| Q1 25 | 91.3% | 73.5% | ||
| Q4 24 | 92.4% | 78.1% | ||
| Q3 24 | 92.7% | 70.2% | ||
| Q2 24 | 89.6% | 72.9% | ||
| Q1 24 | 88.4% | — |
| Q4 25 | 27.4% | 8.4% | ||
| Q3 25 | 33.8% | 8.9% | ||
| Q2 25 | 31.3% | 1.6% | ||
| Q1 25 | 30.8% | -5.6% | ||
| Q4 24 | 27.0% | 13.6% | ||
| Q3 24 | 34.0% | 1.7% | ||
| Q2 24 | 33.3% | -10.5% | ||
| Q1 24 | 28.8% | 50.0% |
| Q4 25 | 17.5% | 9.7% | ||
| Q3 25 | 22.5% | 10.3% | ||
| Q2 25 | 20.7% | 1.6% | ||
| Q1 25 | 18.1% | -5.2% | ||
| Q4 24 | 19.9% | -7.3% | ||
| Q3 24 | 22.1% | -15.6% | ||
| Q2 24 | 20.5% | -33.5% | ||
| Q1 24 | 17.1% | -55.0% |
| Q4 25 | $0.74 | $0.02 | ||
| Q3 25 | $1.06 | $0.02 | ||
| Q2 25 | $0.87 | $0.00 | ||
| Q1 25 | $0.70 | $-0.01 | ||
| Q4 24 | $0.75 | $-0.02 | ||
| Q3 24 | $0.95 | $-0.03 | ||
| Q2 24 | $0.85 | $-0.07 | ||
| Q1 24 | $0.62 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.8M | $304.2M |
| Total DebtLower is stronger | $782.7M | $196.2M |
| Stockholders' EquityBook value | $1.0B | $741.1M |
| Total Assets | $2.7B | $1.2B |
| Debt / EquityLower = less leverage | 0.75× | 0.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $304.2M | ||
| Q3 25 | $26.1M | $290.5M | ||
| Q2 25 | $20.2M | $306.6M | ||
| Q1 25 | $21.2M | $337.8M | ||
| Q4 24 | $26.7M | $220.0M | ||
| Q3 24 | $16.5M | $211.0M | ||
| Q2 24 | $3.6M | $229.0M | ||
| Q1 24 | $17.0M | $237.1M |
| Q4 25 | $782.7M | $196.2M | ||
| Q3 25 | — | $195.9M | ||
| Q2 25 | — | $195.6M | ||
| Q1 25 | — | $195.3M | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $194.1M |
| Q4 25 | $1.0B | $741.1M | ||
| Q3 25 | $1.0B | $725.1M | ||
| Q2 25 | $972.5M | $725.1M | ||
| Q1 25 | $956.4M | $719.9M | ||
| Q4 24 | $920.1M | $725.2M | ||
| Q3 24 | $879.5M | $732.1M | ||
| Q2 24 | $833.5M | $742.6M | ||
| Q1 24 | $800.5M | $775.1M |
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.7B | $1.2B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.3B | $1.4B |
| Q4 25 | 0.75× | 0.26× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.25× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.7M | $18.3M |
| Free Cash FlowOCF − Capex | $-36.0M | $17.4M |
| FCF MarginFCF / Revenue | -21.9% | 12.3% |
| Capex IntensityCapex / Revenue | 38.8% | 0.6% |
| Cash ConversionOCF / Net Profit | 0.96× | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $42.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $18.3M | ||
| Q3 25 | $92.4M | $3.9M | ||
| Q2 25 | $64.6M | $-18.0M | ||
| Q1 25 | $45.1M | $41.6M | ||
| Q4 24 | $64.5M | $6.0M | ||
| Q3 24 | $63.7M | $-16.0M | ||
| Q2 24 | $24.7M | $-15.1M | ||
| Q1 24 | $45.8M | $-15.5M |
| Q4 25 | $-36.0M | $17.4M | ||
| Q3 25 | $37.7M | $3.1M | ||
| Q2 25 | $13.7M | $-18.9M | ||
| Q1 25 | $-22.5M | $41.2M | ||
| Q4 24 | $6.0M | $5.2M | ||
| Q3 24 | $-478.0K | $-16.5M | ||
| Q2 24 | $-37.0M | $-16.5M | ||
| Q1 24 | $-1.7M | $-17.6M |
| Q4 25 | -21.9% | 12.3% | ||
| Q3 25 | 20.7% | 2.4% | ||
| Q2 25 | 8.4% | -15.5% | ||
| Q1 25 | -15.2% | 29.1% | ||
| Q4 24 | 4.2% | 3.6% | ||
| Q3 24 | -0.3% | -13.1% | ||
| Q2 24 | -23.8% | -13.4% | ||
| Q1 24 | -1.3% | -17.2% |
| Q4 25 | 38.8% | 0.6% | ||
| Q3 25 | 29.9% | 0.6% | ||
| Q2 25 | 31.2% | 0.7% | ||
| Q1 25 | 45.6% | 0.3% | ||
| Q4 24 | 40.9% | 0.6% | ||
| Q3 24 | 39.7% | 0.4% | ||
| Q2 24 | 39.8% | 1.1% | ||
| Q1 24 | 35.2% | 2.1% |
| Q4 25 | 0.96× | 1.34× | ||
| Q3 25 | 2.24× | 0.29× | ||
| Q2 25 | 1.92× | -9.47× | ||
| 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
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
