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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and ENNIS, INC. (EBF). 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 $100.2M, roughly 1.6× ENNIS, INC.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 10.8%, a 6.7% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 0.4%). ENNIS, INC. produced more free cash flow last quarter ($15.7M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs 1.4%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.
AWR vs EBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $100.2M |
| Net Profit | $28.7M | $10.8M |
| Gross Margin | 88.9% | 31.9% |
| Operating Margin | 27.4% | 15.0% |
| Net Margin | 17.5% | 10.8% |
| Revenue YoY | 14.8% | 0.4% |
| Net Profit YoY | 1.1% | 6.1% |
| EPS (diluted) | $0.74 | $0.42 |
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 | $100.2M | ||
| Q3 25 | $182.7M | $98.7M | ||
| Q2 25 | $163.1M | $97.2M | ||
| Q1 25 | $148.0M | $92.7M | ||
| Q4 24 | $143.1M | $99.8M | ||
| Q3 24 | $161.8M | $99.0M | ||
| Q2 24 | $155.3M | $103.1M | ||
| Q1 24 | $135.3M | $97.4M |
| Q4 25 | $28.7M | $10.8M | ||
| Q3 25 | $41.2M | $13.2M | ||
| Q2 25 | $33.7M | $9.8M | ||
| Q1 25 | $26.8M | $9.0M | ||
| Q4 24 | $28.4M | $10.2M | ||
| Q3 24 | $35.8M | $10.3M | ||
| Q2 24 | $31.9M | $10.7M | ||
| Q1 24 | $23.1M | $10.1M |
| Q4 25 | 88.9% | 31.9% | ||
| Q3 25 | 91.0% | 30.5% | ||
| Q2 25 | 92.1% | 31.1% | ||
| Q1 25 | 91.3% | 29.5% | ||
| Q4 24 | 92.4% | 29.3% | ||
| Q3 24 | 92.7% | 30.1% | ||
| Q2 24 | 89.6% | 30.0% | ||
| Q1 24 | 88.4% | 28.4% |
| Q4 25 | 27.4% | 15.0% | ||
| Q3 25 | 33.8% | 12.5% | ||
| Q2 25 | 31.3% | 13.7% | ||
| Q1 25 | 30.8% | 13.0% | ||
| Q4 24 | 27.0% | 13.1% | ||
| Q3 24 | 34.0% | 13.3% | ||
| Q2 24 | 33.3% | 13.3% | ||
| Q1 24 | 28.8% | 13.3% |
| Q4 25 | 17.5% | 10.8% | ||
| Q3 25 | 22.5% | 13.3% | ||
| Q2 25 | 20.7% | 10.1% | ||
| Q1 25 | 18.1% | 9.7% | ||
| Q4 24 | 19.9% | 10.2% | ||
| Q3 24 | 22.1% | 10.4% | ||
| Q2 24 | 20.5% | 10.4% | ||
| Q1 24 | 17.1% | 10.4% |
| Q4 25 | $0.74 | $0.42 | ||
| Q3 25 | $1.06 | $0.51 | ||
| Q2 25 | $0.87 | $0.38 | ||
| Q1 25 | $0.70 | $0.34 | ||
| Q4 24 | $0.75 | $0.39 | ||
| Q3 24 | $0.95 | $0.40 | ||
| Q2 24 | $0.85 | $0.41 | ||
| Q1 24 | $0.62 | $0.39 |
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 | $31.3M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $304.8M |
| Total Assets | $2.7B | $354.3M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $31.3M | ||
| Q3 25 | $26.1M | $31.9M | ||
| Q2 25 | $20.2M | $32.6M | ||
| Q1 25 | $21.2M | $72.5M | ||
| Q4 24 | $26.7M | $68.6M | ||
| Q3 24 | $16.5M | $122.6M | ||
| Q2 24 | $3.6M | $123.7M | ||
| Q1 24 | $17.0M | $110.9M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $304.8M | ||
| Q3 25 | $1.0B | $305.4M | ||
| Q2 25 | $972.5M | $301.2M | ||
| Q1 25 | $956.4M | $302.0M | ||
| Q4 24 | $920.1M | $297.7M | ||
| Q3 24 | $879.5M | $358.4M | ||
| Q2 24 | $833.5M | $354.4M | ||
| Q1 24 | $800.5M | $349.8M |
| Q4 25 | $2.7B | $354.3M | ||
| Q3 25 | $2.7B | $361.8M | ||
| Q2 25 | $2.6B | $361.7M | ||
| Q1 25 | $2.5B | $348.9M | ||
| Q4 24 | $2.5B | $346.1M | ||
| Q3 24 | $2.4B | $406.8M | ||
| Q2 24 | $2.3B | $406.2M | ||
| Q1 24 | $2.3B | $399.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.7M | $16.4M |
| Free Cash FlowOCF − Capex | $-36.0M | $15.7M |
| FCF MarginFCF / Revenue | -21.9% | 15.7% |
| Capex IntensityCapex / Revenue | 38.8% | 0.7% |
| Cash ConversionOCF / Net Profit | 0.96× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $42.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $16.4M | ||
| Q3 25 | $92.4M | $10.5M | ||
| Q2 25 | $64.6M | $8.0M | ||
| Q1 25 | $45.1M | $12.8M | ||
| Q4 24 | $64.5M | $18.2M | ||
| Q3 24 | $63.7M | $11.8M | ||
| Q2 24 | $24.7M | $23.1M | ||
| Q1 24 | $45.8M | $16.6M |
| Q4 25 | $-36.0M | $15.7M | ||
| Q3 25 | $37.7M | $9.0M | ||
| Q2 25 | $13.7M | $6.6M | ||
| Q1 25 | $-22.5M | $11.1M | ||
| Q4 24 | $6.0M | $17.5M | ||
| Q3 24 | $-478.0K | $10.7M | ||
| Q2 24 | $-37.0M | $20.6M | ||
| Q1 24 | $-1.7M | $15.0M |
| Q4 25 | -21.9% | 15.7% | ||
| Q3 25 | 20.7% | 9.2% | ||
| Q2 25 | 8.4% | 6.8% | ||
| Q1 25 | -15.2% | 12.0% | ||
| Q4 24 | 4.2% | 17.6% | ||
| Q3 24 | -0.3% | 10.8% | ||
| Q2 24 | -23.8% | 20.0% | ||
| Q1 24 | -1.3% | 15.3% |
| Q4 25 | 38.8% | 0.7% | ||
| Q3 25 | 29.9% | 1.4% | ||
| Q2 25 | 31.2% | 1.4% | ||
| Q1 25 | 45.6% | 1.8% | ||
| Q4 24 | 40.9% | 0.6% | ||
| Q3 24 | 39.7% | 1.1% | ||
| Q2 24 | 39.8% | 2.4% | ||
| Q1 24 | 35.2% | 1.7% |
| Q4 25 | 0.96× | 1.52× | ||
| Q3 25 | 2.24× | 0.80× | ||
| Q2 25 | 1.92× | 0.81× | ||
| Q1 25 | 1.68× | 1.41× | ||
| Q4 24 | 2.27× | 1.78× | ||
| Q3 24 | 1.78× | 1.15× | ||
| Q2 24 | 0.78× | 2.16× | ||
| Q1 24 | 1.98× | 1.63× |
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% |
EBF
Segment breakdown not available.
