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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and LXP Industrial Trust (LXP). 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 $86.7M, roughly 1.9× LXP Industrial Trust). LXP Industrial Trust runs the higher net margin — 33.2% vs 17.5%, a 15.7% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -14.0%). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs 0.3%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
AWR vs LXP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $86.7M |
| Net Profit | $28.7M | $28.8M |
| Gross Margin | 88.9% | 81.5% |
| Operating Margin | 27.4% | 34.6% |
| Net Margin | 17.5% | 33.2% |
| Revenue YoY | 14.8% | -14.0% |
| Net Profit YoY | 1.1% | — |
| EPS (diluted) | $0.74 | — |
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 | $86.7M | ||
| Q3 25 | $182.7M | $86.9M | ||
| Q2 25 | $163.1M | $87.7M | ||
| Q1 25 | $148.0M | $88.9M | ||
| Q4 24 | $143.1M | $100.9M | ||
| Q3 24 | $161.8M | $85.6M | ||
| Q2 24 | $155.3M | $85.8M | ||
| Q1 24 | $135.3M | $86.3M |
| Q4 25 | $28.7M | $28.8M | ||
| Q3 25 | $41.2M | $36.3M | ||
| Q2 25 | $33.7M | $29.1M | ||
| Q1 25 | $26.8M | $19.0M | ||
| Q4 24 | $28.4M | — | ||
| Q3 24 | $35.8M | $6.3M | ||
| Q2 24 | $31.9M | $5.4M | ||
| Q1 24 | $23.1M | $-269.0K |
| Q4 25 | 88.9% | 81.5% | ||
| Q3 25 | 91.0% | 82.3% | ||
| Q2 25 | 92.1% | 81.9% | ||
| Q1 25 | 91.3% | 80.7% | ||
| Q4 24 | 92.4% | 85.3% | ||
| Q3 24 | 92.7% | 82.5% | ||
| Q2 24 | 89.6% | 82.0% | ||
| Q1 24 | 88.4% | 82.4% |
| Q4 25 | 27.4% | 34.6% | ||
| Q3 25 | 33.8% | 50.4% | ||
| Q2 25 | 31.3% | 33.7% | ||
| Q1 25 | 30.8% | 21.8% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 34.0% | 7.9% | ||
| Q2 24 | 33.3% | 6.9% | ||
| Q1 24 | 28.8% | 1.0% |
| Q4 25 | 17.5% | 33.2% | ||
| Q3 25 | 22.5% | 41.7% | ||
| Q2 25 | 20.7% | 33.2% | ||
| Q1 25 | 18.1% | 21.4% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 22.1% | 7.4% | ||
| Q2 24 | 20.5% | 6.3% | ||
| Q1 24 | 17.1% | -0.3% |
| Q4 25 | $0.74 | — | ||
| Q3 25 | $1.06 | $0.12 | ||
| Q2 25 | $0.87 | $0.09 | ||
| Q1 25 | $0.70 | $0.06 | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.95 | $0.02 | ||
| Q2 24 | $0.85 | $0.01 | ||
| Q1 24 | $0.62 | $-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 | $170.4M |
| Total DebtLower is stronger | $782.7M | $1.4B |
| Stockholders' EquityBook value | $1.0B | $2.0B |
| Total Assets | $2.7B | $3.5B |
| Debt / EquityLower = less leverage | 0.75× | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $170.4M | ||
| Q3 25 | $26.1M | $229.7M | ||
| Q2 25 | $20.2M | $71.0M | ||
| Q1 25 | $21.2M | $70.9M | ||
| Q4 24 | $26.7M | $101.8M | ||
| Q3 24 | $16.5M | $55.0M | ||
| Q2 24 | $3.6M | $48.7M | ||
| Q1 24 | $17.0M | $293.8M |
| Q4 25 | $782.7M | $1.4B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $640.4M | $1.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $972.5M | $2.1B | ||
| Q1 25 | $956.4M | $2.1B | ||
| Q4 24 | $920.1M | $2.1B | ||
| Q3 24 | $879.5M | $2.1B | ||
| Q2 24 | $833.5M | $2.1B | ||
| Q1 24 | $800.5M | $2.2B |
| Q4 25 | $2.7B | $3.5B | ||
| Q3 25 | $2.7B | $3.7B | ||
| Q2 25 | $2.6B | $3.7B | ||
| Q1 25 | $2.5B | $3.8B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | $2.4B | $3.9B | ||
| Q2 24 | $2.3B | $3.9B | ||
| Q1 24 | $2.3B | $4.2B |
| Q4 25 | 0.75× | 0.66× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | 0.70× | 0.75× | ||
| 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 | $188.7M |
| Free Cash FlowOCF − Capex | $-36.0M | — |
| FCF MarginFCF / Revenue | -21.9% | — |
| Capex IntensityCapex / Revenue | 38.8% | — |
| Cash ConversionOCF / Net Profit | 0.96× | 6.56× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $188.7M | ||
| Q3 25 | $92.4M | $63.5M | ||
| Q2 25 | $64.6M | $44.3M | ||
| Q1 25 | $45.1M | $39.0M | ||
| Q4 24 | $64.5M | $211.2M | ||
| Q3 24 | $63.7M | $64.6M | ||
| Q2 24 | $24.7M | $38.5M | ||
| Q1 24 | $45.8M | $38.9M |
| 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× | 6.56× | ||
| Q3 25 | 2.24× | 1.75× | ||
| Q2 25 | 1.92× | 1.52× | ||
| Q1 25 | 1.68× | 2.05× | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | 10.18× | ||
| Q2 24 | 0.78× | 7.09× | ||
| 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% |
LXP
Segment breakdown not available.
