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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Purple Innovation, Inc. (PRPL). 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 $140.7M, roughly 1.2× Purple Innovation, Inc.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -2.3%, a 19.8% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 9.1%). Purple Innovation, Inc. produced more free cash flow last quarter ($-7.8M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs 8.3%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
AWR vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $140.7M |
| Net Profit | $28.7M | $-3.2M |
| Gross Margin | 88.9% | 41.9% |
| Operating Margin | 27.4% | -1.6% |
| Net Margin | 17.5% | -2.3% |
| Revenue YoY | 14.8% | 9.1% |
| Net Profit YoY | 1.1% | 62.1% |
| EPS (diluted) | $0.74 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $182.7M | $118.8M | ||
| Q2 25 | $163.1M | $105.1M | ||
| Q1 25 | $148.0M | $104.2M | ||
| Q4 24 | $143.1M | $129.0M | ||
| Q3 24 | $161.8M | $118.6M | ||
| Q2 24 | $155.3M | $120.3M | ||
| Q1 24 | $135.3M | $120.0M |
| Q4 25 | $28.7M | $-3.2M | ||
| Q3 25 | $41.2M | $-11.7M | ||
| Q2 25 | $33.7M | $-17.3M | ||
| Q1 25 | $26.8M | $-19.1M | ||
| Q4 24 | $28.4M | $-8.5M | ||
| Q3 24 | $35.8M | $-39.2M | ||
| Q2 24 | $31.9M | $27.0K | ||
| Q1 24 | $23.1M | $-50.2M |
| Q4 25 | 88.9% | 41.9% | ||
| Q3 25 | 91.0% | 42.8% | ||
| Q2 25 | 92.1% | 35.9% | ||
| Q1 25 | 91.3% | 39.4% | ||
| Q4 24 | 92.4% | 42.9% | ||
| Q3 24 | 92.7% | 29.7% | ||
| Q2 24 | 89.6% | 40.7% | ||
| Q1 24 | 88.4% | 34.8% |
| Q4 25 | 27.4% | -1.6% | ||
| Q3 25 | 33.8% | -10.2% | ||
| Q2 25 | 31.3% | -13.5% | ||
| Q1 25 | 30.8% | -13.9% | ||
| Q4 24 | 27.0% | -6.0% | ||
| Q3 24 | 34.0% | -39.5% | ||
| Q2 24 | 33.3% | -12.1% | ||
| Q1 24 | 28.8% | -19.3% |
| Q4 25 | 17.5% | -2.3% | ||
| Q3 25 | 22.5% | -9.9% | ||
| Q2 25 | 20.7% | -16.5% | ||
| Q1 25 | 18.1% | -18.4% | ||
| Q4 24 | 19.9% | -6.6% | ||
| Q3 24 | 22.1% | -33.1% | ||
| Q2 24 | 20.5% | 0.0% | ||
| Q1 24 | 17.1% | -41.8% |
| Q4 25 | $0.74 | $0.03 | ||
| Q3 25 | $1.06 | $0.11 | ||
| Q2 25 | $0.87 | $0.16 | ||
| Q1 25 | $0.70 | $0.18 | ||
| Q4 24 | $0.75 | $0.08 | ||
| Q3 24 | $0.95 | $0.36 | ||
| Q2 24 | $0.85 | $0.00 | ||
| Q1 24 | $0.62 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $782.7M | $126.7M |
| Stockholders' EquityBook value | $1.0B | $-29.7M |
| Total Assets | $2.7B | $296.3M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $24.3M | ||
| Q3 25 | $26.1M | $32.4M | ||
| Q2 25 | $20.2M | $34.2M | ||
| Q1 25 | $21.2M | $21.6M | ||
| Q4 24 | $26.7M | $29.0M | ||
| Q3 24 | $16.5M | $23.4M | ||
| Q2 24 | $3.6M | $23.4M | ||
| Q1 24 | $17.0M | $34.5M |
| Q4 25 | $782.7M | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $-29.7M | ||
| Q3 25 | $1.0B | $-26.9M | ||
| Q2 25 | $972.5M | $-15.6M | ||
| Q1 25 | $956.4M | $1.3M | ||
| Q4 24 | $920.1M | $20.2M | ||
| Q3 24 | $879.5M | $28.0M | ||
| Q2 24 | $833.5M | $66.4M | ||
| Q1 24 | $800.5M | $65.5M |
| Q4 25 | $2.7B | $296.3M | ||
| Q3 25 | $2.7B | $302.1M | ||
| Q2 25 | $2.6B | $303.8M | ||
| Q1 25 | $2.5B | $293.8M | ||
| Q4 24 | $2.5B | $307.8M | ||
| Q3 24 | $2.4B | $309.3M | ||
| Q2 24 | $2.3B | $362.1M | ||
| Q1 24 | $2.3B | $382.1M |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | $-7.8M |
| FCF MarginFCF / Revenue | -21.9% | -5.5% |
| Capex IntensityCapex / Revenue | 38.8% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $-5.8M | ||
| Q3 25 | $92.4M | $-968.0K | ||
| Q2 25 | $64.6M | $-4.0M | ||
| Q1 25 | $45.1M | $-23.1M | ||
| Q4 24 | $64.5M | $6.8M | ||
| Q3 24 | $63.7M | $1.1M | ||
| Q2 24 | $24.7M | $-8.9M | ||
| Q1 24 | $45.8M | $-16.8M |
| Q4 25 | $-36.0M | $-7.8M | ||
| Q3 25 | $37.7M | $-1.8M | ||
| Q2 25 | $13.7M | $-7.0M | ||
| Q1 25 | $-22.5M | $-25.3M | ||
| Q4 24 | $6.0M | $5.7M | ||
| Q3 24 | $-478.0K | $101.0K | ||
| Q2 24 | $-37.0M | $-11.0M | ||
| Q1 24 | $-1.7M | $-19.9M |
| Q4 25 | -21.9% | -5.5% | ||
| Q3 25 | 20.7% | -1.5% | ||
| Q2 25 | 8.4% | -6.6% | ||
| Q1 25 | -15.2% | -24.3% | ||
| Q4 24 | 4.2% | 4.4% | ||
| Q3 24 | -0.3% | 0.1% | ||
| Q2 24 | -23.8% | -9.2% | ||
| Q1 24 | -1.3% | -16.5% |
| Q4 25 | 38.8% | 1.4% | ||
| Q3 25 | 29.9% | 0.7% | ||
| Q2 25 | 31.2% | 2.8% | ||
| Q1 25 | 45.6% | 2.2% | ||
| Q4 24 | 40.9% | 0.8% | ||
| Q3 24 | 39.7% | 0.9% | ||
| Q2 24 | 39.8% | 1.7% | ||
| Q1 24 | 35.2% | 2.5% |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | -330.22× | ||
| 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
