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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and GDEV Inc. (GDEV). 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 $119.9M, roughly 1.4× GDEV Inc.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 13.9%, a 3.6% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 13.3%).

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

GDEV Inc. is a gaming and entertainment holding company. It is a publicly traded company listed on the Nasdaq stock exchange, headquartered in Limassol, Cyprus. The holding was evolved in June 2023 from a video game company Nexters, founded in 2014, one of the top five independent mobile game companies in Europe. Subsidiaries of GDEV include Nexters Studio, which operates offices in Cyprus, Armenia, and Kazakhstan, as well as Cubic Games, Royal Ark, Game Gears and Light Hour Games. The compan...

AWR vs GDEV — Head-to-Head

Bigger by revenue
AWR
AWR
1.4× larger
AWR
$164.3M
$119.9M
GDEV
Growing faster (revenue YoY)
AWR
AWR
+1.5% gap
AWR
14.8%
13.3%
GDEV
Higher net margin
AWR
AWR
3.6% more per $
AWR
17.5%
13.9%
GDEV

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AWR
AWR
GDEV
GDEV
Revenue
$164.3M
$119.9M
Net Profit
$28.7M
$16.6M
Gross Margin
88.9%
Operating Margin
27.4%
15.5%
Net Margin
17.5%
13.9%
Revenue YoY
14.8%
13.3%
Net Profit YoY
1.1%
13.0%
EPS (diluted)
$0.74
$0.90

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
GDEV
GDEV
Q4 25
$164.3M
Q3 25
$182.7M
Q2 25
$163.1M
$119.9M
Q1 25
$148.0M
Q4 24
$143.1M
Q3 24
$161.8M
Q2 24
$155.3M
$105.8M
Q1 24
$135.3M
Net Profit
AWR
AWR
GDEV
GDEV
Q4 25
$28.7M
Q3 25
$41.2M
Q2 25
$33.7M
$16.6M
Q1 25
$26.8M
Q4 24
$28.4M
Q3 24
$35.8M
Q2 24
$31.9M
$14.7M
Q1 24
$23.1M
Gross Margin
AWR
AWR
GDEV
GDEV
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
GDEV
GDEV
Q4 25
27.4%
Q3 25
33.8%
Q2 25
31.3%
15.5%
Q1 25
30.8%
Q4 24
27.0%
Q3 24
34.0%
Q2 24
33.3%
14.4%
Q1 24
28.8%
Net Margin
AWR
AWR
GDEV
GDEV
Q4 25
17.5%
Q3 25
22.5%
Q2 25
20.7%
13.9%
Q1 25
18.1%
Q4 24
19.9%
Q3 24
22.1%
Q2 24
20.5%
13.9%
Q1 24
17.1%
EPS (diluted)
AWR
AWR
GDEV
GDEV
Q4 25
$0.74
Q3 25
$1.06
Q2 25
$0.87
$0.90
Q1 25
$0.70
Q4 24
$0.75
Q3 24
$0.95
Q2 24
$0.85
$0.81
Q1 24
$0.62

Balance Sheet & Financial Strength

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

Metric
AWR
AWR
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$18.8M
$41.6M
Total DebtLower is stronger
$782.7M
Stockholders' EquityBook value
$1.0B
$-129.4M
Total Assets
$2.7B
$210.2M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWR
AWR
GDEV
GDEV
Q4 25
$18.8M
Q3 25
$26.1M
Q2 25
$20.2M
$41.6M
Q1 25
$21.2M
Q4 24
$26.7M
Q3 24
$16.5M
Q2 24
$3.6M
$50.8M
Q1 24
$17.0M
Total Debt
AWR
AWR
GDEV
GDEV
Q4 25
$782.7M
Q3 25
Q2 25
Q1 25
Q4 24
$640.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AWR
AWR
GDEV
GDEV
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$972.5M
$-129.4M
Q1 25
$956.4M
Q4 24
$920.1M
Q3 24
$879.5M
Q2 24
$833.5M
$-118.7M
Q1 24
$800.5M
Total Assets
AWR
AWR
GDEV
GDEV
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
$210.2M
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$2.4B
Q2 24
$2.3B
$282.8M
Q1 24
$2.3B
Debt / Equity
AWR
AWR
GDEV
GDEV
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
GDEV
GDEV
Operating Cash FlowLast quarter
$27.7M
Free Cash FlowOCF − Capex
$-36.0M
FCF MarginFCF / Revenue
-21.9%
Capex IntensityCapex / Revenue
38.8%
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters
$-7.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWR
AWR
GDEV
GDEV
Q4 25
$27.7M
Q3 25
$92.4M
Q2 25
$64.6M
Q1 25
$45.1M
Q4 24
$64.5M
Q3 24
$63.7M
Q2 24
$24.7M
Q1 24
$45.8M
Free Cash Flow
AWR
AWR
GDEV
GDEV
Q4 25
$-36.0M
Q3 25
$37.7M
Q2 25
$13.7M
Q1 25
$-22.5M
Q4 24
$6.0M
Q3 24
$-478.0K
Q2 24
$-37.0M
Q1 24
$-1.7M
FCF Margin
AWR
AWR
GDEV
GDEV
Q4 25
-21.9%
Q3 25
20.7%
Q2 25
8.4%
Q1 25
-15.2%
Q4 24
4.2%
Q3 24
-0.3%
Q2 24
-23.8%
Q1 24
-1.3%
Capex Intensity
AWR
AWR
GDEV
GDEV
Q4 25
38.8%
Q3 25
29.9%
Q2 25
31.2%
Q1 25
45.6%
Q4 24
40.9%
Q3 24
39.7%
Q2 24
39.8%
Q1 24
35.2%
Cash Conversion
AWR
AWR
GDEV
GDEV
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%

GDEV
GDEV

Segment breakdown not available.

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