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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Enhabit, Inc. (EHAB). Click either name above to swap in a different company.
Enhabit, Inc. is the larger business by last-quarter revenue ($270.4M vs $164.3M, roughly 1.6× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -14.3%, a 31.8% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 4.7%). Enhabit, Inc. produced more free cash flow last quarter ($3.3M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs 1.5%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Enhabit, Inc., is a Dallas, Texas-based provider of home health and hospice services. The company operates 255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama, Florida, Georgia, Oklahoma and Mississippi. Enhabit is the fourth-largest provider of home health services in the United States and is a leading provider of hospice services. The company was formed in 2022 when Encompass Health spun off its home health and hospice business.
AWR vs EHAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $270.4M |
| Net Profit | $28.7M | $-38.7M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | -12.3% |
| Net Margin | 17.5% | -14.3% |
| Revenue YoY | 14.8% | 4.7% |
| Net Profit YoY | 1.1% | 15.9% |
| EPS (diluted) | $0.74 | $-0.76 |
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 | $270.4M | ||
| Q3 25 | $182.7M | $263.6M | ||
| Q2 25 | $163.1M | $266.1M | ||
| Q1 25 | $148.0M | $259.9M | ||
| Q4 24 | $143.1M | $258.2M | ||
| Q3 24 | $161.8M | $253.6M | ||
| Q2 24 | $155.3M | $260.6M | ||
| Q1 24 | $135.3M | $262.4M |
| Q4 25 | $28.7M | $-38.7M | ||
| Q3 25 | $41.2M | $11.1M | ||
| Q2 25 | $33.7M | $5.2M | ||
| Q1 25 | $26.8M | $17.8M | ||
| Q4 24 | $28.4M | $-46.0M | ||
| Q3 24 | $35.8M | $-110.2M | ||
| Q2 24 | $31.9M | $-200.0K | ||
| Q1 24 | $23.1M | $200.0K |
| 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% | — |
| Q4 25 | 27.4% | -12.3% | ||
| Q3 25 | 33.8% | 6.4% | ||
| Q2 25 | 31.3% | 6.3% | ||
| Q1 25 | 30.8% | 6.1% | ||
| Q4 24 | 27.0% | -16.0% | ||
| Q3 24 | 34.0% | -38.6% | ||
| Q2 24 | 33.3% | 4.3% | ||
| Q1 24 | 28.8% | 4.9% |
| Q4 25 | 17.5% | -14.3% | ||
| Q3 25 | 22.5% | 4.2% | ||
| Q2 25 | 20.7% | 2.0% | ||
| Q1 25 | 18.1% | 6.8% | ||
| Q4 24 | 19.9% | -17.8% | ||
| Q3 24 | 22.1% | -43.5% | ||
| Q2 24 | 20.5% | -0.1% | ||
| Q1 24 | 17.1% | 0.1% |
| Q4 25 | $0.74 | $-0.76 | ||
| Q3 25 | $1.06 | $0.22 | ||
| Q2 25 | $0.87 | $0.10 | ||
| Q1 25 | $0.70 | $0.35 | ||
| Q4 24 | $0.75 | $-0.92 | ||
| Q3 24 | $0.95 | $-2.20 | ||
| Q2 24 | $0.85 | $0.00 | ||
| Q1 24 | $0.62 | $0.01 |
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 | $43.6M |
| Total DebtLower is stronger | $782.7M | $426.0M |
| Stockholders' EquityBook value | $1.0B | $534.0M |
| Total Assets | $2.7B | $1.2B |
| Debt / EquityLower = less leverage | 0.75× | 0.80× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $43.6M | ||
| Q3 25 | $26.1M | $56.9M | ||
| Q2 25 | $20.2M | $37.1M | ||
| Q1 25 | $21.2M | $39.5M | ||
| Q4 24 | $26.7M | $28.4M | ||
| Q3 24 | $16.5M | $45.7M | ||
| Q2 24 | $3.6M | $28.5M | ||
| Q1 24 | $17.0M | $36.5M |
| Q4 25 | $782.7M | $426.0M | ||
| Q3 25 | — | $441.5M | ||
| Q2 25 | — | $456.9M | ||
| Q1 25 | — | $467.3M | ||
| Q4 24 | $640.4M | $492.6M | ||
| Q3 24 | — | $502.9M | ||
| Q2 24 | — | $512.7M | ||
| Q1 24 | — | $526.7M |
| Q4 25 | $1.0B | $534.0M | ||
| Q3 25 | $1.0B | $566.8M | ||
| Q2 25 | $972.5M | $552.4M | ||
| Q1 25 | $956.4M | $543.2M | ||
| Q4 24 | $920.1M | $523.5M | ||
| Q3 24 | $879.5M | $566.1M | ||
| Q2 24 | $833.5M | $674.3M | ||
| Q1 24 | $800.5M | $672.3M |
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.7B | $1.2B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.5B | $1.2B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $2.3B | $1.4B | ||
| Q1 24 | $2.3B | $1.4B |
| Q4 25 | 0.75× | 0.80× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 0.70× | 0.94× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $-36.0M | $3.3M |
| FCF MarginFCF / Revenue | -21.9% | 1.2% |
| Capex IntensityCapex / Revenue | 38.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $65.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $4.4M | ||
| Q3 25 | $92.4M | $37.8M | ||
| Q2 25 | $64.6M | $10.6M | ||
| Q1 25 | $45.1M | $17.9M | ||
| Q4 24 | $64.5M | $-4.1M | ||
| Q3 24 | $63.7M | $28.4M | ||
| Q2 24 | $24.7M | $9.6M | ||
| Q1 24 | $45.8M | $17.3M |
| Q4 25 | $-36.0M | $3.3M | ||
| Q3 25 | $37.7M | $36.2M | ||
| Q2 25 | $13.7M | $8.7M | ||
| Q1 25 | $-22.5M | $17.6M | ||
| Q4 24 | $6.0M | $-4.7M | ||
| Q3 24 | $-478.0K | $27.7M | ||
| Q2 24 | $-37.0M | $8.9M | ||
| Q1 24 | $-1.7M | $15.5M |
| Q4 25 | -21.9% | 1.2% | ||
| Q3 25 | 20.7% | 13.7% | ||
| Q2 25 | 8.4% | 3.3% | ||
| Q1 25 | -15.2% | 6.8% | ||
| Q4 24 | 4.2% | -1.8% | ||
| Q3 24 | -0.3% | 10.9% | ||
| Q2 24 | -23.8% | 3.4% | ||
| Q1 24 | -1.3% | 5.9% |
| Q4 25 | 38.8% | 0.4% | ||
| Q3 25 | 29.9% | 0.6% | ||
| Q2 25 | 31.2% | 0.7% | ||
| Q1 25 | 45.6% | 0.1% | ||
| Q4 24 | 40.9% | 0.2% | ||
| Q3 24 | 39.7% | 0.3% | ||
| Q2 24 | 39.8% | 0.3% | ||
| Q1 24 | 35.2% | 0.7% |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | 3.41× | ||
| Q2 25 | 1.92× | 2.04× | ||
| Q1 25 | 1.68× | 1.01× | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 1.98× | 86.50× |
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% |
EHAB
| Third Party Payor Medicare | $111.6M | 41% |
| Third Party Payor Medicare Advantage | $67.5M | 25% |
| Hospice Segment | $63.6M | 24% |
| Third Party Payor Managed Care | $24.9M | 9% |
| Third Party Payor Medicaid | $1.7M | 1% |
