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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Origin Bancorp, Inc. (OBK). 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 $104.0M, roughly 1.6× Origin Bancorp, Inc.). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs 17.5%, a 9.1% gap on every dollar of revenue. Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs 3.9%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".
AWR vs OBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $104.0M |
| Net Profit | $28.7M | $27.7M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | — |
| Net Margin | 17.5% | 26.6% |
| Revenue YoY | 14.8% | — |
| Net Profit YoY | 1.1% | — |
| EPS (diluted) | $0.74 | $0.89 |
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.
| Q1 26 | — | $104.0M | ||
| Q4 25 | $164.3M | $103.4M | ||
| Q3 25 | $182.7M | $109.8M | ||
| Q2 25 | $163.1M | $83.5M | ||
| Q1 25 | $148.0M | $94.1M | ||
| Q4 24 | $143.1M | $78.3M | ||
| Q3 24 | $161.8M | $90.8M | ||
| Q2 24 | $155.3M | $96.4M |
| Q1 26 | — | $27.7M | ||
| Q4 25 | $28.7M | $29.5M | ||
| Q3 25 | $41.2M | $8.6M | ||
| Q2 25 | $33.7M | $14.6M | ||
| Q1 25 | $26.8M | $22.4M | ||
| Q4 24 | $28.4M | $14.3M | ||
| Q3 24 | $35.8M | $18.6M | ||
| Q2 24 | $31.9M | $21.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 27.4% | 36.2% | ||
| Q3 25 | 33.8% | 10.0% | ||
| Q2 25 | 31.3% | 22.3% | ||
| Q1 25 | 30.8% | 30.4% | ||
| Q4 24 | 27.0% | 23.0% | ||
| Q3 24 | 34.0% | 26.1% | ||
| Q2 24 | 33.3% | 27.7% |
| Q1 26 | — | 26.6% | ||
| Q4 25 | 17.5% | 28.5% | ||
| Q3 25 | 22.5% | 7.9% | ||
| Q2 25 | 20.7% | 17.5% | ||
| Q1 25 | 18.1% | 23.8% | ||
| Q4 24 | 19.9% | 18.2% | ||
| Q3 24 | 22.1% | 20.5% | ||
| Q2 24 | 20.5% | 21.8% |
| Q1 26 | — | $0.89 | ||
| Q4 25 | $0.74 | $0.95 | ||
| Q3 25 | $1.06 | $0.27 | ||
| Q2 25 | $0.87 | $0.47 | ||
| Q1 25 | $0.70 | $0.71 | ||
| Q4 24 | $0.75 | $0.45 | ||
| Q3 24 | $0.95 | $0.60 | ||
| Q2 24 | $0.85 | $0.67 |
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 | — |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $1.3B |
| Total Assets | $2.7B | $10.2B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $18.8M | $424.2M | ||
| Q3 25 | $26.1M | $626.9M | ||
| Q2 25 | $20.2M | $334.1M | ||
| Q1 25 | $21.2M | $486.2M | ||
| Q4 24 | $26.7M | $470.2M | ||
| Q3 24 | $16.5M | $321.2M | ||
| Q2 24 | $3.6M | $288.1M |
| Q1 26 | — | — | ||
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $972.5M | $1.2B | ||
| Q1 25 | $956.4M | $1.2B | ||
| Q4 24 | $920.1M | $1.1B | ||
| Q3 24 | $879.5M | $1.1B | ||
| Q2 24 | $833.5M | $1.1B |
| Q1 26 | — | $10.2B | ||
| Q4 25 | $2.7B | $9.7B | ||
| Q3 25 | $2.7B | $9.8B | ||
| Q2 25 | $2.6B | $9.7B | ||
| Q1 25 | $2.5B | $9.8B | ||
| Q4 24 | $2.5B | $9.7B | ||
| Q3 24 | $2.4B | $10.0B | ||
| Q2 24 | $2.3B | $9.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $27.7M | $158.9M | ||
| Q3 25 | $92.4M | $59.3M | ||
| Q2 25 | $64.6M | $20.6M | ||
| Q1 25 | $45.1M | $35.6M | ||
| Q4 24 | $64.5M | $108.5M | ||
| Q3 24 | $63.7M | $39.6M | ||
| Q2 24 | $24.7M | $11.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-36.0M | $151.1M | ||
| Q3 25 | $37.7M | $56.8M | ||
| Q2 25 | $13.7M | $19.6M | ||
| Q1 25 | $-22.5M | $34.8M | ||
| Q4 24 | $6.0M | $86.4M | ||
| Q3 24 | $-478.0K | $32.2M | ||
| Q2 24 | $-37.0M | $6.5M |
| Q1 26 | — | — | ||
| Q4 25 | -21.9% | 146.0% | ||
| Q3 25 | 20.7% | 51.7% | ||
| Q2 25 | 8.4% | 23.5% | ||
| Q1 25 | -15.2% | 37.0% | ||
| Q4 24 | 4.2% | 110.3% | ||
| Q3 24 | -0.3% | 35.5% | ||
| Q2 24 | -23.8% | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | 38.8% | 7.6% | ||
| Q3 25 | 29.9% | 2.3% | ||
| Q2 25 | 31.2% | 1.2% | ||
| Q1 25 | 45.6% | 0.8% | ||
| Q4 24 | 40.9% | 28.1% | ||
| Q3 24 | 39.7% | 8.1% | ||
| Q2 24 | 39.8% | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 5.38× | ||
| Q3 25 | 2.24× | 6.88× | ||
| Q2 25 | 1.92× | 1.41× | ||
| Q1 25 | 1.68× | 1.59× | ||
| Q4 24 | 2.27× | 7.60× | ||
| Q3 24 | 1.78× | 2.13× | ||
| Q2 24 | 0.78× | 0.57× |
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% |
OBK
| Net Interest Income | $87.2M | 84% |
| Noninterest Income | $16.8M | 16% |
