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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Loar Holdings Inc. (LOAR). 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 $131.8M, roughly 1.2× Loar Holdings Inc.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 9.5%, a 8.0% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs 14.8%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% 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.
AWR vs LOAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $131.8M |
| Net Profit | $28.7M | $12.5M |
| Gross Margin | 88.9% | 52.1% |
| Operating Margin | 27.4% | 18.0% |
| Net Margin | 17.5% | 9.5% |
| Revenue YoY | 14.8% | 19.3% |
| Net Profit YoY | 1.1% | 239.5% |
| 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 | $131.8M | ||
| Q3 25 | $182.7M | $126.8M | ||
| Q2 25 | $163.1M | $123.1M | ||
| Q1 25 | $148.0M | $114.7M | ||
| Q4 24 | $143.1M | $110.4M | ||
| Q3 24 | $161.8M | $103.5M | ||
| Q2 24 | $155.3M | $97.0M | ||
| Q1 24 | $135.3M | $91.8M |
| Q4 25 | $28.7M | $12.5M | ||
| Q3 25 | $41.2M | $27.6M | ||
| Q2 25 | $33.7M | $16.7M | ||
| Q1 25 | $26.8M | $15.3M | ||
| Q4 24 | $28.4M | $3.7M | ||
| Q3 24 | $35.8M | $8.7M | ||
| Q2 24 | $31.9M | $7.6M | ||
| Q1 24 | $23.1M | $2.2M |
| Q4 25 | 88.9% | 52.1% | ||
| Q3 25 | 91.0% | 52.7% | ||
| Q2 25 | 92.1% | 53.8% | ||
| Q1 25 | 91.3% | 52.1% | ||
| Q4 24 | 92.4% | 48.9% | ||
| Q3 24 | 92.7% | 51.1% | ||
| Q2 24 | 89.6% | 49.0% | ||
| Q1 24 | 88.4% | 48.4% |
| Q4 25 | 27.4% | 18.0% | ||
| Q3 25 | 33.8% | 22.9% | ||
| Q2 25 | 31.3% | 22.2% | ||
| Q1 25 | 30.8% | 22.8% | ||
| Q4 24 | 27.0% | 19.2% | ||
| Q3 24 | 34.0% | 22.1% | ||
| Q2 24 | 33.3% | 22.9% | ||
| Q1 24 | 28.8% | 23.3% |
| Q4 25 | 17.5% | 9.5% | ||
| Q3 25 | 22.5% | 21.8% | ||
| Q2 25 | 20.7% | 13.6% | ||
| Q1 25 | 18.1% | 13.4% | ||
| Q4 24 | 19.9% | 3.3% | ||
| Q3 24 | 22.1% | 8.4% | ||
| Q2 24 | 20.5% | 7.9% | ||
| Q1 24 | 17.1% | 2.4% |
| Q4 25 | $0.74 | $0.13 | ||
| Q3 25 | $1.06 | $0.29 | ||
| Q2 25 | $0.87 | $0.17 | ||
| Q1 25 | $0.70 | $0.16 | ||
| Q4 24 | $0.75 | $-11023.48 | ||
| Q3 24 | $0.95 | $0.09 | ||
| Q2 24 | $0.85 | $0.09 | ||
| Q1 24 | $0.62 | $11023.54 |
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 | $84.8M |
| Total DebtLower is stronger | $782.7M | $715.7M |
| Stockholders' EquityBook value | $1.0B | $1.2B |
| Total Assets | $2.7B | $2.0B |
| Debt / EquityLower = less leverage | 0.75× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $84.8M | ||
| Q3 25 | $26.1M | $99.0M | ||
| Q2 25 | $20.2M | $103.3M | ||
| Q1 25 | $21.2M | $80.5M | ||
| Q4 24 | $26.7M | $54.1M | ||
| Q3 24 | $16.5M | $55.2M | ||
| Q2 24 | $3.6M | $73.2M | ||
| Q1 24 | $17.0M | $28.2M |
| Q4 25 | $782.7M | $715.7M | ||
| Q3 25 | — | $279.4M | ||
| Q2 25 | — | $277.7M | ||
| Q1 25 | — | $277.5M | ||
| Q4 24 | $640.4M | $277.3M | ||
| Q3 24 | — | $602.1M | ||
| Q2 24 | — | $250.7M | ||
| Q1 24 | — | $534.2M |
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $972.5M | $1.1B | ||
| Q1 25 | $956.4M | $1.1B | ||
| Q4 24 | $920.1M | $1.1B | ||
| Q3 24 | $879.5M | $769.8M | ||
| Q2 24 | $833.5M | $758.4M | ||
| Q1 24 | $800.5M | $420.6M |
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.5B | $1.5B | ||
| Q4 24 | $2.5B | $1.5B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $2.3B | $1.1B | ||
| Q1 24 | $2.3B | $1.1B |
| Q4 25 | 0.75× | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | 0.70× | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | $-36.0M | — |
| FCF MarginFCF / Revenue | -21.9% | — |
| Capex IntensityCapex / Revenue | 38.8% | — |
| Cash ConversionOCF / Net Profit | 0.96× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $30.4M | ||
| Q3 25 | $92.4M | $29.7M | ||
| Q2 25 | $64.6M | $23.8M | ||
| Q1 25 | $45.1M | $28.4M | ||
| Q4 24 | $64.5M | $20.7M | ||
| Q3 24 | $63.7M | $16.3M | ||
| Q2 24 | $24.7M | $7.1M | ||
| Q1 24 | $45.8M | $10.8M |
| 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× | 2.43× | ||
| Q3 25 | 2.24× | 1.08× | ||
| Q2 25 | 1.92× | 1.42× | ||
| Q1 25 | 1.68× | 1.85× | ||
| Q4 24 | 2.27× | 5.62× | ||
| Q3 24 | 1.78× | 1.89× | ||
| Q2 24 | 0.78× | 0.93× | ||
| Q1 24 | 1.98× | 4.81× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
