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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $164.3M, roughly 1.5× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 5.0%, a 12.5% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 11.5%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs 7.1%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
AWR vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $242.1M |
| Net Profit | $28.7M | $12.1M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | 6.8% |
| Net Margin | 17.5% | 5.0% |
| Revenue YoY | 14.8% | 11.5% |
| Net Profit YoY | 1.1% | -16.2% |
| EPS (diluted) | $0.74 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $182.7M | $258.5M | ||
| Q2 25 | $163.1M | $240.7M | ||
| Q1 25 | $148.0M | $219.6M | ||
| Q4 24 | $143.1M | $217.2M | ||
| Q3 24 | $161.8M | $241.7M | ||
| Q2 24 | $155.3M | $224.9M | ||
| Q1 24 | $135.3M | $211.2M |
| Q4 25 | $28.7M | $12.1M | ||
| Q3 25 | $41.2M | $24.3M | ||
| Q2 25 | $33.7M | $19.9M | ||
| Q1 25 | $26.8M | $15.3M | ||
| Q4 24 | $28.4M | $14.4M | ||
| Q3 24 | $35.8M | $21.6M | ||
| Q2 24 | $31.9M | $15.8M | ||
| Q1 24 | $23.1M | $21.2M |
| 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 24 | 88.4% | — |
| Q4 25 | 27.4% | 6.8% | ||
| Q3 25 | 33.8% | 10.2% | ||
| Q2 25 | 31.3% | 9.2% | ||
| Q1 25 | 30.8% | 7.7% | ||
| Q4 24 | 27.0% | 7.9% | ||
| Q3 24 | 34.0% | 10.3% | ||
| Q2 24 | 33.3% | 8.4% | ||
| Q1 24 | 28.8% | 8.0% |
| Q4 25 | 17.5% | 5.0% | ||
| Q3 25 | 22.5% | 9.4% | ||
| Q2 25 | 20.7% | 8.3% | ||
| Q1 25 | 18.1% | 7.0% | ||
| Q4 24 | 19.9% | 6.6% | ||
| Q3 24 | 22.1% | 8.9% | ||
| Q2 24 | 20.5% | 7.0% | ||
| Q1 24 | 17.1% | 10.0% |
| Q4 25 | $0.74 | $0.12 | ||
| Q3 25 | $1.06 | $0.23 | ||
| Q2 25 | $0.87 | $0.19 | ||
| Q1 25 | $0.70 | $0.15 | ||
| Q4 24 | $0.75 | $0.13 | ||
| Q3 24 | $0.95 | $0.20 | ||
| Q2 24 | $0.85 | $0.15 | ||
| Q1 24 | $0.62 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | $782.7M | $84.0M |
| Stockholders' EquityBook value | $1.0B | $542.6M |
| Total Assets | $2.7B | $707.1M |
| Debt / EquityLower = less leverage | 0.75× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $16.3M | ||
| Q3 25 | $26.1M | $29.6M | ||
| Q2 25 | $20.2M | $35.0M | ||
| Q1 25 | $21.2M | $22.6M | ||
| Q4 24 | $26.7M | $57.4M | ||
| Q3 24 | $16.5M | $48.8M | ||
| Q2 24 | $3.6M | $62.5M | ||
| Q1 24 | $17.0M | $65.4M |
| Q4 25 | $782.7M | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | $640.4M | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $1.0B | $542.6M | ||
| Q3 25 | $1.0B | $552.8M | ||
| Q2 25 | $972.5M | $548.3M | ||
| Q1 25 | $956.4M | $530.6M | ||
| Q4 24 | $920.1M | $554.5M | ||
| Q3 24 | $879.5M | $540.1M | ||
| Q2 24 | $833.5M | $532.7M | ||
| Q1 24 | $800.5M | $515.5M |
| Q4 25 | $2.7B | $707.1M | ||
| Q3 25 | $2.7B | $732.6M | ||
| Q2 25 | $2.6B | $731.8M | ||
| Q1 25 | $2.5B | $708.7M | ||
| Q4 24 | $2.5B | $746.4M | ||
| Q3 24 | $2.4B | $734.0M | ||
| Q2 24 | $2.3B | $756.8M | ||
| Q1 24 | $2.3B | $763.6M |
| Q4 25 | 0.75× | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | 0.70× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $-36.0M | $14.9M |
| FCF MarginFCF / Revenue | -21.9% | 6.2% |
| Capex IntensityCapex / Revenue | 38.8% | 2.1% |
| Cash ConversionOCF / Net Profit | 0.96× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $20.0M | ||
| Q3 25 | $92.4M | $33.2M | ||
| Q2 25 | $64.6M | $20.3M | ||
| Q1 25 | $45.1M | $10.1M | ||
| Q4 24 | $64.5M | $16.6M | ||
| Q3 24 | $63.7M | $28.6M | ||
| Q2 24 | $24.7M | $18.7M | ||
| Q1 24 | $45.8M | $15.0M |
| Q4 25 | $-36.0M | $14.9M | ||
| Q3 25 | $37.7M | $27.6M | ||
| Q2 25 | $13.7M | $17.6M | ||
| Q1 25 | $-22.5M | $8.4M | ||
| Q4 24 | $6.0M | $13.2M | ||
| Q3 24 | $-478.0K | $27.5M | ||
| Q2 24 | $-37.0M | $17.6M | ||
| Q1 24 | $-1.7M | $13.7M |
| Q4 25 | -21.9% | 6.2% | ||
| Q3 25 | 20.7% | 10.7% | ||
| Q2 25 | 8.4% | 7.3% | ||
| Q1 25 | -15.2% | 3.8% | ||
| Q4 24 | 4.2% | 6.1% | ||
| Q3 24 | -0.3% | 11.4% | ||
| Q2 24 | -23.8% | 7.8% | ||
| Q1 24 | -1.3% | 6.5% |
| Q4 25 | 38.8% | 2.1% | ||
| Q3 25 | 29.9% | 2.2% | ||
| Q2 25 | 31.2% | 1.1% | ||
| Q1 25 | 45.6% | 0.8% | ||
| Q4 24 | 40.9% | 1.5% | ||
| Q3 24 | 39.7% | 0.5% | ||
| Q2 24 | 39.8% | 0.5% | ||
| Q1 24 | 35.2% | 0.6% |
| Q4 25 | 0.96× | 1.65× | ||
| Q3 25 | 2.24× | 1.36× | ||
| Q2 25 | 1.92× | 1.02× | ||
| Q1 25 | 1.68× | 0.66× | ||
| Q4 24 | 2.27× | 1.15× | ||
| Q3 24 | 1.78× | 1.33× | ||
| Q2 24 | 0.78× | 1.19× | ||
| Q1 24 | 1.98× | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
