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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and OLAPLEX HOLDINGS, INC. (OLPX). 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 $105.1M, roughly 1.6× OLAPLEX HOLDINGS, INC.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -12.5%, a 30.0% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs 3.1%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
AWR vs OLPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $105.1M |
| Net Profit | $28.7M | $-13.1M |
| Gross Margin | 88.9% | 68.0% |
| Operating Margin | 27.4% | -4.3% |
| Net Margin | 17.5% | -12.5% |
| Revenue YoY | 14.8% | 4.3% |
| Net Profit YoY | 1.1% | -48.9% |
| EPS (diluted) | $0.74 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $182.7M | $114.6M | ||
| Q2 25 | $163.1M | $106.3M | ||
| Q1 25 | $148.0M | $97.0M | ||
| Q4 24 | $143.1M | $100.7M | ||
| Q3 24 | $161.8M | $119.1M | ||
| Q2 24 | $155.3M | $103.9M | ||
| Q1 24 | $135.3M | $98.9M |
| Q4 25 | $28.7M | $-13.1M | ||
| Q3 25 | $41.2M | $11.1M | ||
| Q2 25 | $33.7M | $-7.7M | ||
| Q1 25 | $26.8M | $465.0K | ||
| Q4 24 | $28.4M | $-8.8M | ||
| Q3 24 | $35.8M | $14.8M | ||
| Q2 24 | $31.9M | $5.8M | ||
| Q1 24 | $23.1M | $7.7M |
| Q4 25 | 88.9% | 68.0% | ||
| Q3 25 | 91.0% | 69.1% | ||
| Q2 25 | 92.1% | 71.2% | ||
| Q1 25 | 91.3% | 69.5% | ||
| Q4 24 | 92.4% | 66.3% | ||
| Q3 24 | 92.7% | 68.6% | ||
| Q2 24 | 89.6% | 69.7% | ||
| Q1 24 | 88.4% | 72.1% |
| Q4 25 | 27.4% | -4.3% | ||
| Q3 25 | 33.8% | 3.7% | ||
| Q2 25 | 31.3% | -1.1% | ||
| Q1 25 | 30.8% | 8.7% | ||
| Q4 24 | 27.0% | 3.0% | ||
| Q3 24 | 34.0% | 23.5% | ||
| Q2 24 | 33.3% | 15.7% | ||
| Q1 24 | 28.8% | 19.8% |
| Q4 25 | 17.5% | -12.5% | ||
| Q3 25 | 22.5% | 9.7% | ||
| Q2 25 | 20.7% | -7.3% | ||
| Q1 25 | 18.1% | 0.5% | ||
| Q4 24 | 19.9% | -8.7% | ||
| Q3 24 | 22.1% | 12.4% | ||
| Q2 24 | 20.5% | 5.6% | ||
| Q1 24 | 17.1% | 7.8% |
| Q4 25 | $0.74 | $-0.02 | ||
| Q3 25 | $1.06 | $0.02 | ||
| Q2 25 | $0.87 | $-0.01 | ||
| Q1 25 | $0.70 | $0.00 | ||
| Q4 24 | $0.75 | $-0.01 | ||
| 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 | $318.7M |
| Total DebtLower is stronger | $782.7M | $352.3M |
| Stockholders' EquityBook value | $1.0B | $879.4M |
| Total Assets | $2.7B | $1.5B |
| Debt / EquityLower = less leverage | 0.75× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $318.7M | ||
| Q3 25 | $26.1M | $286.4M | ||
| Q2 25 | $20.2M | $289.3M | ||
| Q1 25 | $21.2M | $580.9M | ||
| Q4 24 | $26.7M | $586.0M | ||
| Q3 24 | $16.5M | $538.8M | ||
| Q2 24 | $3.6M | $507.9M | ||
| Q1 24 | $17.0M | $507.5M |
| Q4 25 | $782.7M | $352.3M | ||
| Q3 25 | — | $352.1M | ||
| Q2 25 | — | $351.9M | ||
| Q1 25 | — | $649.1M | ||
| Q4 24 | $640.4M | $650.5M | ||
| Q3 24 | — | $651.8M | ||
| Q2 24 | — | $653.1M | ||
| Q1 24 | — | $654.4M |
| Q4 25 | $1.0B | $879.4M | ||
| Q3 25 | $1.0B | $888.7M | ||
| Q2 25 | $972.5M | $874.2M | ||
| Q1 25 | $956.4M | $878.3M | ||
| Q4 24 | $920.1M | $874.4M | ||
| Q3 24 | $879.5M | $879.7M | ||
| Q2 24 | $833.5M | $863.3M | ||
| Q1 24 | $800.5M | $855.7M |
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.5B | $1.8B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.3B | $1.8B | ||
| Q1 24 | $2.3B | $1.8B |
| Q4 25 | 0.75× | 0.40× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | 0.70× | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $-36.0M | $32.6M |
| FCF MarginFCF / Revenue | -21.9% | 31.0% |
| Capex IntensityCapex / Revenue | 38.8% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $32.7M | ||
| Q3 25 | $92.4M | $8.0M | ||
| Q2 25 | $64.6M | $20.9M | ||
| Q1 25 | $45.1M | $-2.9M | ||
| Q4 24 | $64.5M | $49.7M | ||
| Q3 24 | $63.7M | $33.5M | ||
| Q2 24 | $24.7M | $16.2M | ||
| Q1 24 | $45.8M | $43.7M |
| Q4 25 | $-36.0M | $32.6M | ||
| Q3 25 | $37.7M | $7.9M | ||
| Q2 25 | $13.7M | $20.8M | ||
| Q1 25 | $-22.5M | $-3.0M | ||
| Q4 24 | $6.0M | $49.2M | ||
| Q3 24 | $-478.0K | $33.3M | ||
| Q2 24 | $-37.0M | $16.1M | ||
| Q1 24 | $-1.7M | $43.3M |
| Q4 25 | -21.9% | 31.0% | ||
| Q3 25 | 20.7% | 6.9% | ||
| Q2 25 | 8.4% | 19.6% | ||
| Q1 25 | -15.2% | -3.1% | ||
| Q4 24 | 4.2% | 48.9% | ||
| Q3 24 | -0.3% | 28.0% | ||
| Q2 24 | -23.8% | 15.5% | ||
| Q1 24 | -1.3% | 43.7% |
| Q4 25 | 38.8% | 0.1% | ||
| Q3 25 | 29.9% | 0.1% | ||
| Q2 25 | 31.2% | 0.1% | ||
| Q1 25 | 45.6% | 0.0% | ||
| Q4 24 | 40.9% | 0.4% | ||
| Q3 24 | 39.7% | 0.1% | ||
| Q2 24 | 39.8% | 0.1% | ||
| Q1 24 | 35.2% | 0.5% |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | 0.72× | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 1.68× | -6.27× | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | 2.26× | ||
| Q2 24 | 0.78× | 2.81× | ||
| Q1 24 | 1.98× | 5.64× |
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% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
