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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($267.3M vs $164.3M, roughly 1.6× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -5.3%, a 22.8% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 11.1%). AMERICAN STATES WATER CO produced more free cash flow last quarter ($-36.0M vs $-37.2M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -8.8%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
AWR vs MTUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $267.3M |
| Net Profit | $28.7M | $-14.3M |
| Gross Margin | 88.9% | 2.2% |
| Operating Margin | 27.4% | -7.7% |
| Net Margin | 17.5% | -5.3% |
| Revenue YoY | 14.8% | 11.1% |
| Net Profit YoY | 1.1% | 33.2% |
| EPS (diluted) | $0.74 | $-0.34 |
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 | $267.3M | ||
| Q3 25 | $182.7M | $305.9M | ||
| Q2 25 | $163.1M | $304.6M | ||
| Q1 25 | $148.0M | $280.5M | ||
| Q4 24 | $143.1M | $240.5M | ||
| Q3 24 | $161.8M | $227.2M | ||
| Q2 24 | $155.3M | $294.7M | ||
| Q1 24 | $135.3M | $321.6M |
| Q4 25 | $28.7M | $-14.3M | ||
| Q3 25 | $41.2M | $8.1M | ||
| Q2 25 | $33.7M | $3.7M | ||
| Q1 25 | $26.8M | $1.3M | ||
| Q4 24 | $28.4M | $-21.4M | ||
| Q3 24 | $35.8M | $-5.9M | ||
| Q2 24 | $31.9M | $4.6M | ||
| Q1 24 | $23.1M | $24.0M |
| Q4 25 | 88.9% | 2.2% | ||
| Q3 25 | 91.0% | 11.4% | ||
| Q2 25 | 92.1% | 10.6% | ||
| Q1 25 | 91.3% | 7.8% | ||
| Q4 24 | 92.4% | 4.5% | ||
| Q3 24 | 92.7% | 5.3% | ||
| Q2 24 | 89.6% | 8.2% | ||
| Q1 24 | 88.4% | 15.7% |
| Q4 25 | 27.4% | -7.7% | ||
| Q3 25 | 33.8% | 3.6% | ||
| Q2 25 | 31.3% | 2.8% | ||
| Q1 25 | 30.8% | 1.0% | ||
| Q4 24 | 27.0% | -10.1% | ||
| Q3 24 | 34.0% | -3.1% | ||
| Q2 24 | 33.3% | 2.1% | ||
| Q1 24 | 28.8% | 9.3% |
| Q4 25 | 17.5% | -5.3% | ||
| Q3 25 | 22.5% | 2.6% | ||
| Q2 25 | 20.7% | 1.2% | ||
| Q1 25 | 18.1% | 0.5% | ||
| Q4 24 | 19.9% | -8.9% | ||
| Q3 24 | 22.1% | -2.6% | ||
| Q2 24 | 20.5% | 1.6% | ||
| Q1 24 | 17.1% | 7.5% |
| Q4 25 | $0.74 | $-0.34 | ||
| Q3 25 | $1.06 | $0.19 | ||
| Q2 25 | $0.87 | $0.09 | ||
| Q1 25 | $0.70 | $0.03 | ||
| Q4 24 | $0.75 | $-0.46 | ||
| Q3 24 | $0.95 | $-0.13 | ||
| Q2 24 | $0.85 | $0.10 | ||
| Q1 24 | $0.62 | $0.52 |
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 | $156.7M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $686.0M |
| Total Assets | $2.7B | $1.1B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $156.7M | ||
| Q3 25 | $26.1M | $191.5M | ||
| Q2 25 | $20.2M | $190.8M | ||
| Q1 25 | $21.2M | $180.3M | ||
| Q4 24 | $26.7M | $240.7M | ||
| Q3 24 | $16.5M | $254.6M | ||
| Q2 24 | $3.6M | $272.8M | ||
| Q1 24 | $17.0M | $278.1M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | $640.4M | $5.4M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $13.2M | ||
| Q1 24 | — | $13.2M |
| Q4 25 | $1.0B | $686.0M | ||
| Q3 25 | $1.0B | $697.7M | ||
| Q2 25 | $972.5M | $690.0M | ||
| Q1 25 | $956.4M | $686.1M | ||
| Q4 24 | $920.1M | $690.5M | ||
| Q3 24 | $879.5M | $712.7M | ||
| Q2 24 | $833.5M | $736.3M | ||
| Q1 24 | $800.5M | $739.3M |
| Q4 25 | $2.7B | $1.1B | ||
| Q3 25 | $2.7B | $1.2B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.3B | $1.1B | ||
| Q1 24 | $2.3B | $1.2B |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | 0.70× | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× | ||
| 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 | $-1.9M |
| Free Cash FlowOCF − Capex | $-36.0M | $-37.2M |
| FCF MarginFCF / Revenue | -21.9% | -13.9% |
| Capex IntensityCapex / Revenue | 38.8% | 13.2% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $-1.9M | ||
| Q3 25 | $92.4M | $22.0M | ||
| Q2 25 | $64.6M | $34.8M | ||
| Q1 25 | $45.1M | $-38.9M | ||
| Q4 24 | $64.5M | $13.9M | ||
| Q3 24 | $63.7M | $-15.3M | ||
| Q2 24 | $24.7M | $8.3M | ||
| Q1 24 | $45.8M | $33.4M |
| Q4 25 | $-36.0M | $-37.2M | ||
| Q3 25 | $37.7M | $-6.4M | ||
| Q2 25 | $13.7M | $17.0M | ||
| Q1 25 | $-22.5M | $-66.4M | ||
| Q4 24 | $6.0M | $-1.3M | ||
| Q3 24 | $-478.0K | $-32.9M | ||
| Q2 24 | $-37.0M | $-5.8M | ||
| Q1 24 | $-1.7M | $16.0M |
| Q4 25 | -21.9% | -13.9% | ||
| Q3 25 | 20.7% | -2.1% | ||
| Q2 25 | 8.4% | 5.6% | ||
| Q1 25 | -15.2% | -23.7% | ||
| Q4 24 | 4.2% | -0.5% | ||
| Q3 24 | -0.3% | -14.5% | ||
| Q2 24 | -23.8% | -2.0% | ||
| Q1 24 | -1.3% | 5.0% |
| Q4 25 | 38.8% | 13.2% | ||
| Q3 25 | 29.9% | 9.3% | ||
| Q2 25 | 31.2% | 5.8% | ||
| Q1 25 | 45.6% | 9.8% | ||
| Q4 24 | 40.9% | 6.3% | ||
| Q3 24 | 39.7% | 7.7% | ||
| Q2 24 | 39.8% | 4.8% | ||
| Q1 24 | 35.2% | 5.4% |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | 2.72× | ||
| Q2 25 | 1.92× | 9.41× | ||
| Q1 25 | 1.68× | -29.92× | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | 1.80× | ||
| Q1 24 | 1.98× | 1.39× |
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% |
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
