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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Nutex Health, Inc. (NUTX). 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 $151.7M, roughly 1.1× Nutex Health, Inc.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 7.8%, a 9.7% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -41.1%). Nutex Health, Inc. produced more free cash flow last quarter ($69.0M vs $-36.0M). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% 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.
Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.
AWR vs NUTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $151.7M |
| Net Profit | $28.7M | $11.8M |
| Gross Margin | 88.9% | 30.4% |
| Operating Margin | 27.4% | 20.4% |
| Net Margin | 17.5% | 7.8% |
| Revenue YoY | 14.8% | -41.1% |
| Net Profit YoY | 1.1% | -80.8% |
| EPS (diluted) | $0.74 | $2.34 |
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 | $151.7M | ||
| Q3 25 | $182.7M | $267.8M | ||
| Q2 25 | $163.1M | $244.0M | ||
| Q1 25 | $148.0M | $211.8M | ||
| Q4 24 | $143.1M | $257.6M | ||
| Q3 24 | $161.8M | $78.8M | ||
| Q2 24 | $155.3M | $76.1M | ||
| Q1 24 | $135.3M | $67.5M |
| Q4 25 | $28.7M | $11.8M | ||
| Q3 25 | $41.2M | $55.4M | ||
| Q2 25 | $33.7M | $-17.7M | ||
| Q1 25 | $26.8M | $21.2M | ||
| Q4 24 | $28.4M | $61.6M | ||
| Q3 24 | $35.8M | $-8.8M | ||
| Q2 24 | $31.9M | $-364.0K | ||
| Q1 24 | $23.1M | $-364.0K |
| Q4 25 | 88.9% | 30.4% | ||
| Q3 25 | 91.0% | 57.8% | ||
| Q2 25 | 92.1% | 51.2% | ||
| Q1 25 | 91.3% | 55.9% | ||
| Q4 24 | 92.4% | 55.0% | ||
| Q3 24 | 92.7% | 27.8% | ||
| Q2 24 | 89.6% | 29.7% | ||
| Q1 24 | 88.4% | 15.1% |
| Q4 25 | 27.4% | 20.4% | ||
| Q3 25 | 33.8% | 48.7% | ||
| Q2 25 | 31.3% | 13.8% | ||
| Q1 25 | 30.8% | 38.1% | ||
| Q4 24 | 27.0% | 44.4% | ||
| Q3 24 | 34.0% | 12.3% | ||
| Q2 24 | 33.3% | 7.0% | ||
| Q1 24 | 28.8% | 2.1% |
| Q4 25 | 17.5% | 7.8% | ||
| Q3 25 | 22.5% | 20.7% | ||
| Q2 25 | 20.7% | -7.3% | ||
| Q1 25 | 18.1% | 10.0% | ||
| Q4 24 | 19.9% | 23.9% | ||
| Q3 24 | 22.1% | -11.2% | ||
| Q2 24 | 20.5% | -0.5% | ||
| Q1 24 | 17.1% | -0.5% |
| Q4 25 | $0.74 | $2.34 | ||
| Q3 25 | $1.06 | $7.76 | ||
| Q2 25 | $0.87 | $-2.95 | ||
| Q1 25 | $0.70 | $3.33 | ||
| Q4 24 | $0.75 | $11.56 | ||
| Q3 24 | $0.95 | $-1.72 | ||
| Q2 24 | $0.85 | $-0.07 | ||
| Q1 24 | $0.62 | $-0.08 |
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 | $185.6M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $329.4M |
| Total Assets | $2.7B | $918.5M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $185.6M | ||
| Q3 25 | $26.1M | $166.0M | ||
| Q2 25 | $20.2M | $96.7M | ||
| Q1 25 | $21.2M | $84.7M | ||
| Q4 24 | $26.7M | $40.6M | ||
| Q3 24 | $16.5M | $46.9M | ||
| Q2 24 | $3.6M | $40.8M | ||
| Q1 24 | $17.0M | $30.0M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $329.4M | ||
| Q3 25 | $1.0B | $317.2M | ||
| Q2 25 | $972.5M | $235.3M | ||
| Q1 25 | $956.4M | $176.9M | ||
| Q4 24 | $920.1M | $132.4M | ||
| Q3 24 | $879.5M | $60.4M | ||
| Q2 24 | $833.5M | $62.7M | ||
| Q1 24 | $800.5M | $63.0M |
| Q4 25 | $2.7B | $918.5M | ||
| Q3 25 | $2.7B | $964.5M | ||
| Q2 25 | $2.6B | $841.0M | ||
| Q1 25 | $2.5B | $761.9M | ||
| Q4 24 | $2.5B | $655.3M | ||
| Q3 24 | $2.4B | $438.5M | ||
| Q2 24 | $2.3B | $422.4M | ||
| Q1 24 | $2.3B | $404.3M |
| 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 | $70.4M |
| Free Cash FlowOCF − Capex | $-36.0M | $69.0M |
| FCF MarginFCF / Revenue | -21.9% | 45.5% |
| Capex IntensityCapex / Revenue | 38.8% | 0.9% |
| Cash ConversionOCF / Net Profit | 0.96× | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $245.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $70.4M | ||
| Q3 25 | $92.4M | $99.5M | ||
| Q2 25 | $64.6M | $27.3M | ||
| Q1 25 | $45.1M | $51.0M | ||
| Q4 24 | $64.5M | $54.0K | ||
| Q3 24 | $63.7M | $6.8M | ||
| Q2 24 | $24.7M | $13.3M | ||
| Q1 24 | $45.8M | $3.1M |
| Q4 25 | $-36.0M | $69.0M | ||
| Q3 25 | $37.7M | $99.2M | ||
| Q2 25 | $13.7M | $26.5M | ||
| Q1 25 | $-22.5M | $50.9M | ||
| Q4 24 | $6.0M | $-341.0K | ||
| Q3 24 | $-478.0K | $6.2M | ||
| Q2 24 | $-37.0M | $12.7M | ||
| Q1 24 | $-1.7M | $2.3M |
| Q4 25 | -21.9% | 45.5% | ||
| Q3 25 | 20.7% | 37.0% | ||
| Q2 25 | 8.4% | 10.9% | ||
| Q1 25 | -15.2% | 24.0% | ||
| Q4 24 | 4.2% | -0.1% | ||
| Q3 24 | -0.3% | 7.8% | ||
| Q2 24 | -23.8% | 16.7% | ||
| Q1 24 | -1.3% | 3.4% |
| Q4 25 | 38.8% | 0.9% | ||
| Q3 25 | 29.9% | 0.1% | ||
| Q2 25 | 31.2% | 0.3% | ||
| Q1 25 | 45.6% | 0.0% | ||
| Q4 24 | 40.9% | 0.2% | ||
| Q3 24 | 39.7% | 0.8% | ||
| Q2 24 | 39.8% | 0.7% | ||
| Q1 24 | 35.2% | 1.1% |
| Q4 25 | 0.96× | 5.95× | ||
| Q3 25 | 2.24× | 1.80× | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 1.68× | 2.40× | ||
| Q4 24 | 2.27× | 0.00× | ||
| 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% |
NUTX
| Hospital Division | $143.7M | 95% |
| Population Health Management Division | $8.0M | 5% |
