vs
Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and JFrog Ltd (FROG). 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 $145.3M, roughly 1.1× JFrog Ltd). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -10.5%, a 28.0% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 14.8%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-36.0M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% 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.
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
AWR vs FROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $145.3M |
| Net Profit | $28.7M | $-15.2M |
| Gross Margin | 88.9% | 77.9% |
| Operating Margin | 27.4% | -14.7% |
| Net Margin | 17.5% | -10.5% |
| Revenue YoY | 14.8% | 25.2% |
| Net Profit YoY | 1.1% | 34.4% |
| EPS (diluted) | $0.74 | $-0.13 |
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 | $145.3M | ||
| Q3 25 | $182.7M | $136.9M | ||
| Q2 25 | $163.1M | $127.2M | ||
| Q1 25 | $148.0M | $122.4M | ||
| Q4 24 | $143.1M | $116.1M | ||
| Q3 24 | $161.8M | $109.1M | ||
| Q2 24 | $155.3M | $103.0M | ||
| Q1 24 | $135.3M | $100.3M |
| Q4 25 | $28.7M | $-15.2M | ||
| Q3 25 | $41.2M | $-16.4M | ||
| Q2 25 | $33.7M | $-21.7M | ||
| Q1 25 | $26.8M | $-18.5M | ||
| Q4 24 | $28.4M | $-23.2M | ||
| Q3 24 | $35.8M | $-22.9M | ||
| Q2 24 | $31.9M | $-14.3M | ||
| Q1 24 | $23.1M | $-8.8M |
| Q4 25 | 88.9% | 77.9% | ||
| Q3 25 | 91.0% | 77.4% | ||
| Q2 25 | 92.1% | 76.3% | ||
| Q1 25 | 91.3% | 75.3% | ||
| Q4 24 | 92.4% | 75.4% | ||
| Q3 24 | 92.7% | 75.0% | ||
| Q2 24 | 89.6% | 78.8% | ||
| Q1 24 | 88.4% | 79.5% |
| Q4 25 | 27.4% | -14.7% | ||
| Q3 25 | 33.8% | -15.8% | ||
| Q2 25 | 31.3% | -20.4% | ||
| Q1 25 | 30.8% | -18.8% | ||
| Q4 24 | 27.0% | -21.9% | ||
| Q3 24 | 34.0% | -27.4% | ||
| Q2 24 | 33.3% | -18.6% | ||
| Q1 24 | 28.8% | -16.6% |
| Q4 25 | 17.5% | -10.5% | ||
| Q3 25 | 22.5% | -12.0% | ||
| Q2 25 | 20.7% | -17.0% | ||
| Q1 25 | 18.1% | -15.1% | ||
| Q4 24 | 19.9% | -20.0% | ||
| Q3 24 | 22.1% | -21.0% | ||
| Q2 24 | 20.5% | -13.9% | ||
| Q1 24 | 17.1% | -8.8% |
| Q4 25 | $0.74 | $-0.13 | ||
| Q3 25 | $1.06 | $-0.14 | ||
| Q2 25 | $0.87 | $-0.19 | ||
| Q1 25 | $0.70 | $-0.16 | ||
| Q4 24 | $0.75 | $-0.21 | ||
| Q3 24 | $0.95 | $-0.21 | ||
| Q2 24 | $0.85 | $-0.13 | ||
| 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 | $704.4M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $887.4M |
| Total Assets | $2.7B | $1.3B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $704.4M | ||
| Q3 25 | $26.1M | $651.1M | ||
| Q2 25 | $20.2M | $611.7M | ||
| Q1 25 | $21.2M | $563.5M | ||
| Q4 24 | $26.7M | $522.0M | ||
| Q3 24 | $16.5M | $467.8M | ||
| Q2 24 | $3.6M | $591.3M | ||
| Q1 24 | $17.0M | $579.6M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $887.4M | ||
| Q3 25 | $1.0B | $859.4M | ||
| Q2 25 | $972.5M | $826.5M | ||
| Q1 25 | $956.4M | $800.0M | ||
| Q4 24 | $920.1M | $773.5M | ||
| Q3 24 | $879.5M | $756.2M | ||
| Q2 24 | $833.5M | $721.4M | ||
| Q1 24 | $800.5M | $707.8M |
| Q4 25 | $2.7B | $1.3B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.5B | $1.2B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.3B | $1.0B | ||
| Q1 24 | $2.3B | $997.1M |
| 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 | $50.7M |
| Free Cash FlowOCF − Capex | $-36.0M | $49.9M |
| FCF MarginFCF / Revenue | -21.9% | 34.3% |
| Capex IntensityCapex / Revenue | 38.8% | 0.6% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $50.7M | ||
| Q3 25 | $92.4M | $30.2M | ||
| Q2 25 | $64.6M | $36.1M | ||
| Q1 25 | $45.1M | $28.8M | ||
| Q4 24 | $64.5M | $49.1M | ||
| Q3 24 | $63.7M | $27.6M | ||
| Q2 24 | $24.7M | $16.7M | ||
| Q1 24 | $45.8M | $17.5M |
| Q4 25 | $-36.0M | $49.9M | ||
| Q3 25 | $37.7M | $28.8M | ||
| Q2 25 | $13.7M | $35.5M | ||
| Q1 25 | $-22.5M | $28.1M | ||
| Q4 24 | $6.0M | $48.5M | ||
| Q3 24 | $-478.0K | $26.7M | ||
| Q2 24 | $-37.0M | $16.0M | ||
| Q1 24 | $-1.7M | $16.6M |
| Q4 25 | -21.9% | 34.3% | ||
| Q3 25 | 20.7% | 21.0% | ||
| Q2 25 | 8.4% | 27.9% | ||
| Q1 25 | -15.2% | 23.0% | ||
| Q4 24 | 4.2% | 41.8% | ||
| Q3 24 | -0.3% | 24.5% | ||
| Q2 24 | -23.8% | 15.5% | ||
| Q1 24 | -1.3% | 16.6% |
| Q4 25 | 38.8% | 0.6% | ||
| Q3 25 | 29.9% | 1.0% | ||
| Q2 25 | 31.2% | 0.5% | ||
| Q1 25 | 45.6% | 0.5% | ||
| Q4 24 | 40.9% | 0.5% | ||
| Q3 24 | 39.7% | 0.9% | ||
| Q2 24 | 39.8% | 0.7% | ||
| Q1 24 | 35.2% | 0.8% |
| 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
| 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% |
FROG
Segment breakdown not available.
