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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and OPKO HEALTH, INC. (OPK). 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 $148.5M, roughly 1.1× OPKO HEALTH, INC.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -21.1%, a 38.6% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -19.2%). OPKO HEALTH, INC. produced more free cash flow last quarter ($-28.6M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -7.5%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
AWR vs OPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $148.5M |
| Net Profit | $28.7M | $-31.3M |
| Gross Margin | 88.9% | 43.1% |
| Operating Margin | 27.4% | -25.8% |
| Net Margin | 17.5% | -21.1% |
| Revenue YoY | 14.8% | -19.2% |
| Net Profit YoY | 1.1% | -322.8% |
| EPS (diluted) | $0.74 | $-0.04 |
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 | $148.5M | ||
| Q3 25 | $182.7M | $151.7M | ||
| Q2 25 | $163.1M | $156.8M | ||
| Q1 25 | $148.0M | $150.0M | ||
| Q4 24 | $143.1M | $183.6M | ||
| Q3 24 | $161.8M | $173.6M | ||
| Q2 24 | $155.3M | $182.2M | ||
| Q1 24 | $135.3M | $173.7M |
| Q4 25 | $28.7M | $-31.3M | ||
| Q3 25 | $41.2M | $21.6M | ||
| Q2 25 | $33.7M | $-148.4M | ||
| Q1 25 | $26.8M | $-67.6M | ||
| Q4 24 | $28.4M | $14.0M | ||
| Q3 24 | $35.8M | $24.9M | ||
| Q2 24 | $31.9M | $-10.3M | ||
| Q1 24 | $23.1M | $-81.8M |
| Q4 25 | 88.9% | 43.1% | ||
| Q3 25 | 91.0% | 32.9% | ||
| Q2 25 | 92.1% | 31.5% | ||
| Q1 25 | 91.3% | 28.4% | ||
| Q4 24 | 92.4% | 46.1% | ||
| Q3 24 | 92.7% | 23.1% | ||
| Q2 24 | 89.6% | 28.4% | ||
| Q1 24 | 88.4% | 24.2% |
| Q4 25 | 27.4% | -25.8% | ||
| Q3 25 | 33.8% | 31.7% | ||
| Q2 25 | 31.3% | -38.3% | ||
| Q1 25 | 30.8% | -44.8% | ||
| Q4 24 | 27.0% | -18.0% | ||
| Q3 24 | 34.0% | 8.2% | ||
| Q2 24 | 33.3% | -33.9% | ||
| Q1 24 | 28.8% | -41.2% |
| Q4 25 | 17.5% | -21.1% | ||
| Q3 25 | 22.5% | 14.3% | ||
| Q2 25 | 20.7% | -94.7% | ||
| Q1 25 | 18.1% | -45.1% | ||
| Q4 24 | 19.9% | 7.6% | ||
| Q3 24 | 22.1% | 14.3% | ||
| Q2 24 | 20.5% | -5.7% | ||
| Q1 24 | 17.1% | -47.1% |
| Q4 25 | $0.74 | $-0.04 | ||
| Q3 25 | $1.06 | $0.03 | ||
| Q2 25 | $0.87 | $-0.19 | ||
| Q1 25 | $0.70 | $-0.10 | ||
| Q4 24 | $0.75 | $0.02 | ||
| Q3 24 | $0.95 | $0.03 | ||
| Q2 24 | $0.85 | $-0.01 | ||
| Q1 24 | $0.62 | $-0.12 |
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 | $364.4M |
| Total DebtLower is stronger | $782.7M | $344.0M |
| Stockholders' EquityBook value | $1.0B | $1.3B |
| Total Assets | $2.7B | $1.9B |
| Debt / EquityLower = less leverage | 0.75× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $364.4M | ||
| Q3 25 | $26.1M | $412.0M | ||
| Q2 25 | $20.2M | $267.3M | ||
| Q1 25 | $21.2M | $428.8M | ||
| Q4 24 | $26.7M | $426.6M | ||
| Q3 24 | $16.5M | $400.1M | ||
| Q2 24 | $3.6M | $40.6M | ||
| Q1 24 | $17.0M | $75.6M |
| Q4 25 | $782.7M | $344.0M | ||
| Q3 25 | — | $344.2M | ||
| Q2 25 | — | $343.3M | ||
| Q1 25 | — | $439.2M | ||
| Q4 24 | $640.4M | $437.2M | ||
| Q3 24 | — | $441.0M | ||
| Q2 24 | — | $201.9M | ||
| Q1 24 | — | $350.1M |
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $972.5M | $1.3B | ||
| Q1 25 | $956.4M | $1.3B | ||
| Q4 24 | $920.1M | $1.4B | ||
| Q3 24 | $879.5M | $1.4B | ||
| Q2 24 | $833.5M | $1.4B | ||
| Q1 24 | $800.5M | $1.3B |
| Q4 25 | $2.7B | $1.9B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.6B | $2.0B | ||
| Q1 25 | $2.5B | $2.1B | ||
| Q4 24 | $2.5B | $2.2B | ||
| Q3 24 | $2.4B | $2.3B | ||
| Q2 24 | $2.3B | $2.0B | ||
| Q1 24 | $2.3B | $2.0B |
| Q4 25 | 0.75× | 0.27× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | 0.70× | 0.32× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.28× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $-36.0M | $-28.6M |
| FCF MarginFCF / Revenue | -21.9% | -19.3% |
| Capex IntensityCapex / Revenue | 38.8% | 1.8% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $-25.9M | ||
| Q3 25 | $92.4M | $-34.6M | ||
| Q2 25 | $64.6M | $-83.4M | ||
| Q1 25 | $45.1M | $-34.6M | ||
| Q4 24 | $64.5M | $-44.4M | ||
| Q3 24 | $63.7M | $-77.1M | ||
| Q2 24 | $24.7M | $-26.4M | ||
| Q1 24 | $45.8M | $-35.6M |
| Q4 25 | $-36.0M | $-28.6M | ||
| Q3 25 | $37.7M | $-37.8M | ||
| Q2 25 | $13.7M | $-86.7M | ||
| Q1 25 | $-22.5M | $-37.7M | ||
| Q4 24 | $6.0M | $-49.8M | ||
| Q3 24 | $-478.0K | $-85.0M | ||
| Q2 24 | $-37.0M | $-33.7M | ||
| Q1 24 | $-1.7M | $-40.0M |
| Q4 25 | -21.9% | -19.3% | ||
| Q3 25 | 20.7% | -24.9% | ||
| Q2 25 | 8.4% | -55.3% | ||
| Q1 25 | -15.2% | -25.2% | ||
| Q4 24 | 4.2% | -27.1% | ||
| Q3 24 | -0.3% | -49.0% | ||
| Q2 24 | -23.8% | -18.5% | ||
| Q1 24 | -1.3% | -23.0% |
| Q4 25 | 38.8% | 1.8% | ||
| Q3 25 | 29.9% | 2.1% | ||
| Q2 25 | 31.2% | 2.1% | ||
| Q1 25 | 45.6% | 2.1% | ||
| Q4 24 | 40.9% | 2.9% | ||
| Q3 24 | 39.7% | 4.6% | ||
| Q2 24 | 39.8% | 4.0% | ||
| Q1 24 | 35.2% | 2.6% |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | -1.60× | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 2.27× | -3.17× | ||
| Q3 24 | 1.78× | -3.10× | ||
| 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% |
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
