vs
Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and GRID DYNAMICS HOLDINGS, INC. (GDYN). 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 $104.1M, roughly 1.6× GRID DYNAMICS HOLDINGS, INC.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -1.4%, a 18.9% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 3.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% 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.
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
AWR vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $104.1M |
| Net Profit | $28.7M | $-1.5M |
| Gross Margin | 88.9% | 34.8% |
| Operating Margin | 27.4% | 61.7% |
| Net Margin | 17.5% | -1.4% |
| Revenue YoY | 14.8% | 3.7% |
| Net Profit YoY | 1.1% | -150.6% |
| 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.
| Q1 26 | — | $104.1M | ||
| Q4 25 | $164.3M | $106.2M | ||
| Q3 25 | $182.7M | $104.2M | ||
| Q2 25 | $163.1M | $101.1M | ||
| Q1 25 | $148.0M | $100.4M | ||
| Q4 24 | $143.1M | $100.3M | ||
| Q3 24 | $161.8M | $87.4M | ||
| Q2 24 | $155.3M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $28.7M | $306.0K | ||
| Q3 25 | $41.2M | $1.2M | ||
| Q2 25 | $33.7M | $5.3M | ||
| Q1 25 | $26.8M | $2.9M | ||
| Q4 24 | $28.4M | $4.5M | ||
| Q3 24 | $35.8M | $4.3M | ||
| Q2 24 | $31.9M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | 88.9% | 34.0% | ||
| Q3 25 | 91.0% | 33.3% | ||
| Q2 25 | 92.1% | 34.1% | ||
| Q1 25 | 91.3% | 36.8% | ||
| Q4 24 | 92.4% | 36.9% | ||
| Q3 24 | 92.7% | 37.4% | ||
| Q2 24 | 89.6% | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | 27.4% | 0.5% | ||
| Q3 25 | 33.8% | -0.2% | ||
| Q2 25 | 31.3% | -0.1% | ||
| Q1 25 | 30.8% | -2.0% | ||
| Q4 24 | 27.0% | 1.3% | ||
| Q3 24 | 34.0% | 2.4% | ||
| Q2 24 | 33.3% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | 17.5% | 0.3% | ||
| Q3 25 | 22.5% | 1.1% | ||
| Q2 25 | 20.7% | 5.2% | ||
| Q1 25 | 18.1% | 2.9% | ||
| Q4 24 | 19.9% | 4.5% | ||
| Q3 24 | 22.1% | 4.9% | ||
| Q2 24 | 20.5% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $0.74 | $0.01 | ||
| Q3 25 | $1.06 | $0.01 | ||
| Q2 25 | $0.87 | $0.06 | ||
| Q1 25 | $0.70 | $0.03 | ||
| Q4 24 | $0.75 | $0.06 | ||
| Q3 24 | $0.95 | $0.05 | ||
| Q2 24 | $0.85 | $-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 | $327.5M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $530.1M |
| Total Assets | $2.7B | $605.0M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $18.8M | $342.1M | ||
| Q3 25 | $26.1M | $338.6M | ||
| Q2 25 | $20.2M | $336.8M | ||
| Q1 25 | $21.2M | $325.5M | ||
| Q4 24 | $26.7M | $334.7M | ||
| Q3 24 | $16.5M | $231.3M | ||
| Q2 24 | $3.6M | $256.0M |
| Q1 26 | — | — | ||
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $530.1M | ||
| Q4 25 | $1.0B | $542.1M | ||
| Q3 25 | $1.0B | $537.7M | ||
| Q2 25 | $972.5M | $532.2M | ||
| Q1 25 | $956.4M | $517.4M | ||
| Q4 24 | $920.1M | $517.8M | ||
| Q3 24 | $879.5M | $400.2M | ||
| Q2 24 | $833.5M | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $2.7B | $612.9M | ||
| Q3 25 | $2.7B | $613.2M | ||
| Q2 25 | $2.6B | $608.9M | ||
| Q1 25 | $2.5B | $590.9M | ||
| Q4 24 | $2.5B | $592.2M | ||
| Q3 24 | $2.4B | $477.3M | ||
| Q2 24 | $2.3B | $443.6M |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $27.7M | $9.9M | ||
| Q3 25 | $92.4M | $7.0M | ||
| Q2 25 | $64.6M | $14.4M | ||
| Q1 25 | $45.1M | $9.4M | ||
| Q4 24 | $64.5M | $7.1M | ||
| Q3 24 | $63.7M | $9.2M | ||
| Q2 24 | $24.7M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-36.0M | $6.1M | ||
| Q3 25 | $37.7M | $2.9M | ||
| Q2 25 | $13.7M | $10.2M | ||
| Q1 25 | $-22.5M | $6.0M | ||
| Q4 24 | $6.0M | $4.4M | ||
| Q3 24 | $-478.0K | $5.9M | ||
| Q2 24 | $-37.0M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | -21.9% | 5.7% | ||
| Q3 25 | 20.7% | 2.8% | ||
| Q2 25 | 8.4% | 10.1% | ||
| Q1 25 | -15.2% | 6.0% | ||
| Q4 24 | 4.2% | 4.4% | ||
| Q3 24 | -0.3% | 6.8% | ||
| Q2 24 | -23.8% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 38.8% | 3.6% | ||
| Q3 25 | 29.9% | 3.9% | ||
| Q2 25 | 31.2% | 4.1% | ||
| Q1 25 | 45.6% | 3.3% | ||
| Q4 24 | 40.9% | 2.6% | ||
| Q3 24 | 39.7% | 3.7% | ||
| Q2 24 | 39.8% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 32.34× | ||
| Q3 25 | 2.24× | 5.92× | ||
| Q2 25 | 1.92× | 2.73× | ||
| Q1 25 | 1.68× | 3.21× | ||
| Q4 24 | 2.27× | 1.56× | ||
| Q3 24 | 1.78× | 2.15× | ||
| Q2 24 | 0.78× | — |
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% |
GDYN
Segment breakdown not available.
