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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and iQSTEL Inc (IQST). 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 $84.2M, roughly 2.0× iQSTEL Inc). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -3.2%, a 20.7% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -14.9%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-36.0M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% 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.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
AWR vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $84.2M |
| Net Profit | $28.7M | $-2.7M |
| Gross Margin | 88.9% | 3.5% |
| Operating Margin | 27.4% | -2.9% |
| Net Margin | 17.5% | -3.2% |
| Revenue YoY | 14.8% | -14.9% |
| Net Profit YoY | 1.1% | -44.5% |
| EPS (diluted) | $0.74 | $-0.92 |
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 | $84.2M | ||
| Q3 25 | $182.7M | $102.9M | ||
| Q2 25 | $163.1M | $72.2M | ||
| Q1 25 | $148.0M | $57.6M | ||
| Q4 24 | $143.1M | $98.9M | ||
| Q3 24 | $161.8M | $54.2M | ||
| Q2 24 | $155.3M | $78.6M | ||
| Q1 24 | $135.3M | $51.4M |
| Q4 25 | $28.7M | $-2.7M | ||
| Q3 25 | $41.2M | $-2.3M | ||
| Q2 25 | $33.7M | $-2.3M | ||
| Q1 25 | $26.8M | $-1.1M | ||
| Q4 24 | $28.4M | $-1.9M | ||
| Q3 24 | $35.8M | $-773.0K | ||
| Q2 24 | $31.9M | $-2.0M | ||
| Q1 24 | $23.1M | $-580.2K |
| Q4 25 | 88.9% | 3.5% | ||
| Q3 25 | 91.0% | 2.7% | ||
| Q2 25 | 92.1% | 2.6% | ||
| Q1 25 | 91.3% | 3.4% | ||
| Q4 24 | 92.4% | 2.7% | ||
| Q3 24 | 92.7% | 3.7% | ||
| Q2 24 | 89.6% | 2.8% | ||
| Q1 24 | 88.4% | 2.7% |
| Q4 25 | 27.4% | -2.9% | ||
| Q3 25 | 33.8% | -0.5% | ||
| Q2 25 | 31.3% | -0.9% | ||
| Q1 25 | 30.8% | -1.0% | ||
| Q4 24 | 27.0% | -0.3% | ||
| Q3 24 | 34.0% | -0.1% | ||
| Q2 24 | 33.3% | -0.4% | ||
| Q1 24 | 28.8% | -0.4% |
| Q4 25 | 17.5% | -3.2% | ||
| Q3 25 | 22.5% | -2.3% | ||
| Q2 25 | 20.7% | -3.3% | ||
| Q1 25 | 18.1% | -2.0% | ||
| Q4 24 | 19.9% | -1.9% | ||
| Q3 24 | 22.1% | -1.4% | ||
| Q2 24 | 20.5% | -2.5% | ||
| Q1 24 | 17.1% | -1.1% |
| Q4 25 | $0.74 | $-0.92 | ||
| Q3 25 | $1.06 | $-0.68 | ||
| Q2 25 | $0.87 | $-0.82 | ||
| Q1 25 | $0.70 | $-0.44 | ||
| Q4 24 | $0.75 | $-1.19 | ||
| Q3 24 | $0.95 | $-0.40 | ||
| Q2 24 | $0.85 | $-0.90 | ||
| Q1 24 | $0.62 | $-0.37 |
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 | $2.2M |
| Total DebtLower is stronger | $782.7M | $4.1M |
| Stockholders' EquityBook value | $1.0B | $16.3M |
| Total Assets | $2.7B | $51.1M |
| Debt / EquityLower = less leverage | 0.75× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $2.2M | ||
| Q3 25 | $26.1M | $2.3M | ||
| Q2 25 | $20.2M | $2.0M | ||
| Q1 25 | $21.2M | $1.1M | ||
| Q4 24 | $26.7M | $2.5M | ||
| Q3 24 | $16.5M | $2.1M | ||
| Q2 24 | $3.6M | $797.2K | ||
| Q1 24 | $17.0M | $2.7M |
| Q4 25 | $782.7M | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | $640.4M | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | $1.0B | $16.3M | ||
| Q3 25 | $1.0B | $17.9M | ||
| Q2 25 | $972.5M | $14.3M | ||
| Q1 25 | $956.4M | $11.6M | ||
| Q4 24 | $920.1M | $11.9M | ||
| Q3 24 | $879.5M | $8.1M | ||
| Q2 24 | $833.5M | $7.6M | ||
| Q1 24 | $800.5M | $8.4M |
| Q4 25 | $2.7B | $51.1M | ||
| Q3 25 | $2.7B | $46.9M | ||
| Q2 25 | $2.6B | $51.4M | ||
| Q1 25 | $2.5B | $42.0M | ||
| Q4 24 | $2.5B | $79.0M | ||
| Q3 24 | $2.4B | $32.4M | ||
| Q2 24 | $2.3B | $30.0M | ||
| Q1 24 | $2.3B | $22.1M |
| Q4 25 | 0.75× | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | 0.70× | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.02× |
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 | $-1.2M |
| Free Cash FlowOCF − Capex | $-36.0M | $-1.2M |
| FCF MarginFCF / Revenue | -21.9% | -1.5% |
| Capex IntensityCapex / Revenue | 38.8% | 0.0% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $-1.2M | ||
| Q3 25 | $92.4M | $-953.0K | ||
| Q2 25 | $64.6M | $257.7K | ||
| Q1 25 | $45.1M | $-1.9M | ||
| Q4 24 | $64.5M | $-403.7K | ||
| Q3 24 | $63.7M | $625.0K | ||
| Q2 24 | $24.7M | $-2.6M | ||
| Q1 24 | $45.8M | $-536.9K |
| Q4 25 | $-36.0M | $-1.2M | ||
| Q3 25 | $37.7M | $-969.2K | ||
| Q2 25 | $13.7M | $211.7K | ||
| Q1 25 | $-22.5M | $-2.0M | ||
| Q4 24 | $6.0M | $-421.3K | ||
| Q3 24 | $-478.0K | $594.5K | ||
| Q2 24 | $-37.0M | $-2.6M | ||
| Q1 24 | $-1.7M | $-608.5K |
| Q4 25 | -21.9% | -1.5% | ||
| Q3 25 | 20.7% | -0.9% | ||
| Q2 25 | 8.4% | 0.3% | ||
| Q1 25 | -15.2% | -3.4% | ||
| Q4 24 | 4.2% | -0.4% | ||
| Q3 24 | -0.3% | 1.1% | ||
| Q2 24 | -23.8% | -3.4% | ||
| Q1 24 | -1.3% | -1.2% |
| Q4 25 | 38.8% | 0.0% | ||
| Q3 25 | 29.9% | 0.0% | ||
| Q2 25 | 31.2% | 0.1% | ||
| Q1 25 | 45.6% | 0.1% | ||
| Q4 24 | 40.9% | 0.0% | ||
| Q3 24 | 39.7% | 0.1% | ||
| Q2 24 | 39.8% | 0.0% | ||
| Q1 24 | 35.2% | 0.1% |
| 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% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
