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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and JBG SMITH Properties (JBGS). 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 $127.6M, roughly 1.3× JBG SMITH Properties). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -35.7%, a 53.2% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -2.5%). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -6.3%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
AWR vs JBGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $127.6M |
| Net Profit | $28.7M | $-45.5M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | -47.5% |
| Net Margin | 17.5% | -35.7% |
| Revenue YoY | 14.8% | -2.5% |
| Net Profit YoY | 1.1% | 24.0% |
| 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 | $127.6M | ||
| Q3 25 | $182.7M | $123.9M | ||
| Q2 25 | $163.1M | $126.5M | ||
| Q1 25 | $148.0M | $120.7M | ||
| Q4 24 | $143.1M | $130.8M | ||
| Q3 24 | $161.8M | $136.0M | ||
| Q2 24 | $155.3M | $135.3M | ||
| Q1 24 | $135.3M | $145.2M |
| Q4 25 | $28.7M | $-45.5M | ||
| Q3 25 | $41.2M | $-28.6M | ||
| Q2 25 | $33.7M | $-19.2M | ||
| Q1 25 | $26.8M | $-45.7M | ||
| Q4 24 | $28.4M | $-59.9M | ||
| Q3 24 | $35.8M | $-27.0M | ||
| Q2 24 | $31.9M | $-24.4M | ||
| Q1 24 | $23.1M | $-32.3M |
| 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% | -47.5% | ||
| Q3 25 | 33.8% | -27.5% | ||
| Q2 25 | 31.3% | -18.4% | ||
| Q1 25 | 30.8% | -44.7% | ||
| Q4 24 | 27.0% | -53.6% | ||
| Q3 24 | 34.0% | -22.4% | ||
| Q2 24 | 33.3% | -24.3% | ||
| Q1 24 | 28.8% | -30.1% |
| Q4 25 | 17.5% | -35.7% | ||
| Q3 25 | 22.5% | -23.1% | ||
| Q2 25 | 20.7% | -15.2% | ||
| Q1 25 | 18.1% | -37.9% | ||
| Q4 24 | 19.9% | -45.8% | ||
| Q3 24 | 22.1% | -19.8% | ||
| Q2 24 | 20.5% | -18.0% | ||
| Q1 24 | 17.1% | -22.2% |
| Q4 25 | $0.74 | $-0.76 | ||
| Q3 25 | $1.06 | $-0.48 | ||
| Q2 25 | $0.87 | $-0.29 | ||
| Q1 25 | $0.70 | $-0.56 | ||
| Q4 24 | $0.75 | $-0.70 | ||
| Q3 24 | $0.95 | $-0.32 | ||
| Q2 24 | $0.85 | $-0.27 | ||
| Q1 24 | $0.62 | $-0.36 |
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 | $75.3M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $1.2B |
| Total Assets | $2.7B | $4.4B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $75.3M | ||
| Q3 25 | $26.1M | $64.4M | ||
| Q2 25 | $20.2M | $61.4M | ||
| Q1 25 | $21.2M | $81.3M | ||
| Q4 24 | $26.7M | $145.8M | ||
| Q3 24 | $16.5M | $137.0M | ||
| Q2 24 | $3.6M | $163.5M | ||
| Q1 24 | $17.0M | $220.5M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $972.5M | $1.3B | ||
| Q1 25 | $956.4M | $1.6B | ||
| Q4 24 | $920.1M | $1.8B | ||
| Q3 24 | $879.5M | $1.9B | ||
| Q2 24 | $833.5M | $2.0B | ||
| Q1 24 | $800.5M | $2.1B |
| Q4 25 | $2.7B | $4.4B | ||
| Q3 25 | $2.7B | $4.4B | ||
| Q2 25 | $2.6B | $4.5B | ||
| Q1 25 | $2.5B | $4.7B | ||
| Q4 24 | $2.5B | $5.0B | ||
| Q3 24 | $2.4B | $5.2B | ||
| Q2 24 | $2.3B | $5.3B | ||
| Q1 24 | $2.3B | $5.4B |
| 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 | $73.3M |
| 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.
| Q4 25 | $27.7M | $73.3M | ||
| Q3 25 | $92.4M | $8.9M | ||
| Q2 25 | $64.6M | $18.8M | ||
| Q1 25 | $45.1M | $12.9M | ||
| Q4 24 | $64.5M | $129.4M | ||
| Q3 24 | $63.7M | $26.4M | ||
| Q2 24 | $24.7M | $23.8M | ||
| Q1 24 | $45.8M | $37.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| 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% |
JBGS
Segment breakdown not available.
