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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and PAMT CORP (PAMT). 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 $141.3M, roughly 1.2× PAMT CORP). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -20.7%, a 38.2% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -15.1%). PAMT CORP produced more free cash flow last quarter ($-25.0M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -12.0%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
AWR vs PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $141.3M |
| Net Profit | $28.7M | $-29.3M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | -27.0% |
| Net Margin | 17.5% | -20.7% |
| Revenue YoY | 14.8% | -15.1% |
| Net Profit YoY | 1.1% | 7.4% |
| EPS (diluted) | $0.74 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $182.7M | $150.3M | ||
| Q2 25 | $163.1M | $151.1M | ||
| Q1 25 | $148.0M | $155.3M | ||
| Q4 24 | $143.1M | $166.5M | ||
| Q3 24 | $161.8M | $182.6M | ||
| Q2 24 | $155.3M | $182.9M | ||
| Q1 24 | $135.3M | $182.6M |
| Q4 25 | $28.7M | $-29.3M | ||
| Q3 25 | $41.2M | $-5.6M | ||
| Q2 25 | $33.7M | $-9.6M | ||
| Q1 25 | $26.8M | $-8.1M | ||
| Q4 24 | $28.4M | $-31.6M | ||
| Q3 24 | $35.8M | $2.4M | ||
| Q2 24 | $31.9M | $-2.9M | ||
| Q1 24 | $23.1M | $281.0K |
| 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% | -27.0% | ||
| Q3 25 | 33.8% | -3.8% | ||
| Q2 25 | 31.3% | -7.3% | ||
| Q1 25 | 30.8% | -5.9% | ||
| Q4 24 | 27.0% | -22.6% | ||
| Q3 24 | 34.0% | 1.3% | ||
| Q2 24 | 33.3% | -0.4% | ||
| Q1 24 | 28.8% | -0.4% |
| Q4 25 | 17.5% | -20.7% | ||
| Q3 25 | 22.5% | -3.7% | ||
| Q2 25 | 20.7% | -6.4% | ||
| Q1 25 | 18.1% | -5.2% | ||
| Q4 24 | 19.9% | -19.0% | ||
| Q3 24 | 22.1% | 1.3% | ||
| Q2 24 | 20.5% | -1.6% | ||
| Q1 24 | 17.1% | 0.2% |
| Q4 25 | $0.74 | $-1.38 | ||
| Q3 25 | $1.06 | $-0.27 | ||
| Q2 25 | $0.87 | $-0.46 | ||
| Q1 25 | $0.70 | $-0.37 | ||
| Q4 24 | $0.75 | $-1.44 | ||
| Q3 24 | $0.95 | $0.11 | ||
| Q2 24 | $0.85 | $-0.13 | ||
| 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 | $83.7M |
| Total DebtLower is stronger | $782.7M | $333.9M |
| Stockholders' EquityBook value | $1.0B | $210.5M |
| Total Assets | $2.7B | $697.9M |
| Debt / EquityLower = less leverage | 0.75× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $83.7M | ||
| Q3 25 | $26.1M | $115.6M | ||
| Q2 25 | $20.2M | $117.3M | ||
| Q1 25 | $21.2M | $102.7M | ||
| Q4 24 | $26.7M | $110.7M | ||
| Q3 24 | $16.5M | $92.3M | ||
| Q2 24 | $3.6M | $114.0M | ||
| Q1 24 | $17.0M | $125.8M |
| Q4 25 | $782.7M | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $210.5M | ||
| Q3 25 | $1.0B | $239.5M | ||
| Q2 25 | $972.5M | $244.9M | ||
| Q1 25 | $956.4M | $269.6M | ||
| Q4 24 | $920.1M | $277.5M | ||
| Q3 24 | $879.5M | $308.9M | ||
| Q2 24 | $833.5M | $306.7M | ||
| Q1 24 | $800.5M | $314.6M |
| Q4 25 | $2.7B | $697.9M | ||
| Q3 25 | $2.7B | $715.2M | ||
| Q2 25 | $2.6B | $707.9M | ||
| Q1 25 | $2.5B | $712.6M | ||
| Q4 24 | $2.5B | $741.7M | ||
| Q3 24 | $2.4B | $756.7M | ||
| Q2 24 | $2.3B | $733.5M | ||
| Q1 24 | $2.3B | $746.4M |
| Q4 25 | 0.75× | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-36.0M | $-25.0M |
| FCF MarginFCF / Revenue | -21.9% | -17.7% |
| Capex IntensityCapex / Revenue | 38.8% | 13.6% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $-5.8M | ||
| Q3 25 | $92.4M | $5.9M | ||
| Q2 25 | $64.6M | $12.2M | ||
| Q1 25 | $45.1M | $5.0M | ||
| Q4 24 | $64.5M | $15.2M | ||
| Q3 24 | $63.7M | $15.5M | ||
| Q2 24 | $24.7M | $18.7M | ||
| Q1 24 | $45.8M | $9.6M |
| Q4 25 | $-36.0M | $-25.0M | ||
| Q3 25 | $37.7M | $2.5M | ||
| Q2 25 | $13.7M | $5.9M | ||
| Q1 25 | $-22.5M | $-6.8M | ||
| Q4 24 | $6.0M | $-39.9M | ||
| Q3 24 | $-478.0K | $-33.6M | ||
| Q2 24 | $-37.0M | $4.1M | ||
| Q1 24 | $-1.7M | $-12.2M |
| Q4 25 | -21.9% | -17.7% | ||
| Q3 25 | 20.7% | 1.7% | ||
| Q2 25 | 8.4% | 3.9% | ||
| Q1 25 | -15.2% | -4.4% | ||
| Q4 24 | 4.2% | -24.0% | ||
| Q3 24 | -0.3% | -18.4% | ||
| Q2 24 | -23.8% | 2.2% | ||
| Q1 24 | -1.3% | -6.7% |
| Q4 25 | 38.8% | 13.6% | ||
| Q3 25 | 29.9% | 2.3% | ||
| Q2 25 | 31.2% | 4.2% | ||
| Q1 25 | 45.6% | 7.6% | ||
| Q4 24 | 40.9% | 33.1% | ||
| Q3 24 | 39.7% | 26.9% | ||
| Q2 24 | 39.8% | 8.0% | ||
| Q1 24 | 35.2% | 12.0% |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | 6.44× | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 1.98× | 34.11× |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
