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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
RADIANT LOGISTICS, INC is the larger business by last-quarter revenue ($232.1M vs $164.3M, roughly 1.4× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 2.3%, a 15.2% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -12.3%). RADIANT LOGISTICS, INC produced more free cash flow last quarter ($11.6M vs $-36.0M). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% CAGR vs 10.2%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
AWR vs RLGT — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $232.1M |
| Net Profit | $28.7M | $5.3M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | 3.2% |
| Net Margin | 17.5% | 2.3% |
| Revenue YoY | 14.8% | -12.3% |
| Net Profit YoY | 1.1% | -18.0% |
| EPS (diluted) | $0.74 | $0.11 |
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 | $232.1M | ||
| Q3 25 | $182.7M | $226.7M | ||
| Q2 25 | $163.1M | $220.6M | ||
| Q1 25 | $148.0M | $214.0M | ||
| Q4 24 | $143.1M | $264.5M | ||
| Q3 24 | $161.8M | $203.6M | ||
| Q2 24 | $155.3M | $206.0M | ||
| Q1 24 | $135.3M | $184.6M |
| Q4 25 | $28.7M | $5.3M | ||
| Q3 25 | $41.2M | $1.3M | ||
| Q2 25 | $33.7M | $4.9M | ||
| Q1 25 | $26.8M | $2.5M | ||
| Q4 24 | $28.4M | $6.5M | ||
| Q3 24 | $35.8M | $3.4M | ||
| Q2 24 | $31.9M | $4.8M | ||
| Q1 24 | $23.1M | $-703.0K |
| 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% | 3.2% | ||
| Q3 25 | 33.8% | 0.9% | ||
| Q2 25 | 31.3% | 2.4% | ||
| Q1 25 | 30.8% | 1.6% | ||
| Q4 24 | 27.0% | 3.3% | ||
| Q3 24 | 34.0% | 1.9% | ||
| Q2 24 | 33.3% | 2.4% | ||
| Q1 24 | 28.8% | -0.5% |
| Q4 25 | 17.5% | 2.3% | ||
| Q3 25 | 22.5% | 0.6% | ||
| Q2 25 | 20.7% | 2.2% | ||
| Q1 25 | 18.1% | 1.2% | ||
| Q4 24 | 19.9% | 2.4% | ||
| Q3 24 | 22.1% | 1.7% | ||
| Q2 24 | 20.5% | 2.3% | ||
| Q1 24 | 17.1% | -0.4% |
| Q4 25 | $0.74 | $0.11 | ||
| Q3 25 | $1.06 | $0.03 | ||
| Q2 25 | $0.87 | $0.10 | ||
| Q1 25 | $0.70 | $0.05 | ||
| Q4 24 | $0.75 | $0.13 | ||
| Q3 24 | $0.95 | $0.07 | ||
| Q2 24 | $0.85 | $0.11 | ||
| Q1 24 | $0.62 | $-0.02 |
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 | $31.9M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $229.8M |
| Total Assets | $2.7B | $439.4M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $31.9M | ||
| Q3 25 | $26.1M | $28.1M | ||
| Q2 25 | $20.2M | $22.9M | ||
| Q1 25 | $21.2M | $19.0M | ||
| Q4 24 | $26.7M | $19.9M | ||
| Q3 24 | $16.5M | $10.4M | ||
| Q2 24 | $3.6M | $24.9M | ||
| Q1 24 | $17.0M | $31.2M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $229.8M | ||
| Q3 25 | $1.0B | $225.7M | ||
| Q2 25 | $972.5M | $226.0M | ||
| Q1 25 | $956.4M | $218.2M | ||
| Q4 24 | $920.1M | $214.4M | ||
| Q3 24 | $879.5M | $212.4M | ||
| Q2 24 | $833.5M | $209.4M | ||
| Q1 24 | $800.5M | $206.0M |
| Q4 25 | $2.7B | $439.4M | ||
| Q3 25 | $2.7B | $445.3M | ||
| Q2 25 | $2.6B | $426.8M | ||
| Q1 25 | $2.5B | $414.5M | ||
| Q4 24 | $2.5B | $386.8M | ||
| Q3 24 | $2.4B | $375.3M | ||
| Q2 24 | $2.3B | $371.2M | ||
| Q1 24 | $2.3B | $364.0M |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| 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 | $12.4M |
| Free Cash FlowOCF − Capex | $-36.0M | $11.6M |
| FCF MarginFCF / Revenue | -21.9% | 5.0% |
| Capex IntensityCapex / Revenue | 38.8% | 0.3% |
| Cash ConversionOCF / Net Profit | 0.96× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $12.4M | ||
| Q3 25 | $92.4M | $2.5M | ||
| Q2 25 | $64.6M | $3.1M | ||
| Q1 25 | $45.1M | $-5.7M | ||
| Q4 24 | $64.5M | $15.7M | ||
| Q3 24 | $63.7M | $205.0K | ||
| Q2 24 | $24.7M | $1.3M | ||
| Q1 24 | $45.8M | $3.9M |
| Q4 25 | $-36.0M | $11.6M | ||
| Q3 25 | $37.7M | $977.0K | ||
| Q2 25 | $13.7M | $2.2M | ||
| Q1 25 | $-22.5M | $-6.4M | ||
| Q4 24 | $6.0M | $14.1M | ||
| Q3 24 | $-478.0K | $-1.9M | ||
| Q2 24 | $-37.0M | $-185.0K | ||
| Q1 24 | $-1.7M | $1.8M |
| Q4 25 | -21.9% | 5.0% | ||
| Q3 25 | 20.7% | 0.4% | ||
| Q2 25 | 8.4% | 1.0% | ||
| Q1 25 | -15.2% | -3.0% | ||
| Q4 24 | 4.2% | 5.3% | ||
| Q3 24 | -0.3% | -0.9% | ||
| Q2 24 | -23.8% | -0.1% | ||
| Q1 24 | -1.3% | 1.0% |
| Q4 25 | 38.8% | 0.3% | ||
| Q3 25 | 29.9% | 0.7% | ||
| Q2 25 | 31.2% | 0.4% | ||
| Q1 25 | 45.6% | 0.3% | ||
| Q4 24 | 40.9% | 0.6% | ||
| Q3 24 | 39.7% | 1.0% | ||
| Q2 24 | 39.8% | 0.7% | ||
| Q1 24 | 35.2% | 1.2% |
| Q4 25 | 0.96× | 2.33× | ||
| Q3 25 | 2.24× | 1.90× | ||
| Q2 25 | 1.92× | 0.63× | ||
| Q1 25 | 1.68× | -2.26× | ||
| Q4 24 | 2.27× | 2.43× | ||
| Q3 24 | 1.78× | 0.06× | ||
| Q2 24 | 0.78× | 0.26× | ||
| 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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
