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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and GIBRALTAR INDUSTRIES, INC. (ROCK). Click either name above to swap in a different company.

GIBRALTAR INDUSTRIES, INC. is the larger business by last-quarter revenue ($225.0M vs $164.3M, roughly 1.4× AMERICAN STATES WATER CO). On growth, GIBRALTAR INDUSTRIES, INC. posted the faster year-over-year revenue change (24.9% vs 14.8%). GIBRALTAR INDUSTRIES, INC. produced more free cash flow last quarter ($26.2M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -12.3%).

American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.

Gibraltar Industries, Inc. is a leading manufacturer and distributor of specialized building, infrastructure, and renewable energy products. Its offerings include ventilation systems, roofing accessories, solar mounting solutions, and landscape and garden products, serving residential, commercial construction, and clean energy markets primarily across North America, with a focus on innovative, sustainable solutions for its customers.

AWR vs ROCK — Head-to-Head

Bigger by revenue
ROCK
ROCK
1.4× larger
ROCK
$225.0M
$164.3M
AWR
Growing faster (revenue YoY)
ROCK
ROCK
+10.1% gap
ROCK
24.9%
14.8%
AWR
More free cash flow
ROCK
ROCK
$62.2M more FCF
ROCK
$26.2M
$-36.0M
AWR
Faster 2-yr revenue CAGR
AWR
AWR
Annualised
AWR
10.2%
-12.3%
ROCK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWR
AWR
ROCK
ROCK
Revenue
$164.3M
$225.0M
Net Profit
$28.7M
Gross Margin
88.9%
25.3%
Operating Margin
27.4%
7.9%
Net Margin
17.5%
Revenue YoY
14.8%
24.9%
Net Profit YoY
1.1%
EPS (diluted)
$0.74

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.

Revenue
AWR
AWR
ROCK
ROCK
Q4 25
$164.3M
$225.0M
Q3 25
$182.7M
$310.9M
Q2 25
$163.1M
$309.5M
Q1 25
$148.0M
$290.0M
Q4 24
$143.1M
$180.1M
Q3 24
$161.8M
$277.1M
Q2 24
$155.3M
$273.6M
Q1 24
$135.3M
$292.5M
Net Profit
AWR
AWR
ROCK
ROCK
Q4 25
$28.7M
Q3 25
$41.2M
$-89.1M
Q2 25
$33.7M
$26.0M
Q1 25
$26.8M
$21.1M
Q4 24
$28.4M
Q3 24
$35.8M
$34.0M
Q2 24
$31.9M
$32.2M
Q1 24
$23.1M
$24.9M
Gross Margin
AWR
AWR
ROCK
ROCK
Q4 25
88.9%
25.3%
Q3 25
91.0%
26.6%
Q2 25
92.1%
28.4%
Q1 25
91.3%
26.8%
Q4 24
92.4%
29.0%
Q3 24
92.7%
29.4%
Q2 24
89.6%
30.5%
Q1 24
88.4%
28.9%
Operating Margin
AWR
AWR
ROCK
ROCK
Q4 25
27.4%
7.9%
Q3 25
33.8%
12.8%
Q2 25
31.3%
12.8%
Q1 25
30.8%
8.8%
Q4 24
27.0%
13.3%
Q3 24
34.0%
15.6%
Q2 24
33.3%
14.9%
Q1 24
28.8%
10.8%
Net Margin
AWR
AWR
ROCK
ROCK
Q4 25
17.5%
Q3 25
22.5%
-28.6%
Q2 25
20.7%
8.4%
Q1 25
18.1%
7.3%
Q4 24
19.9%
Q3 24
22.1%
12.3%
Q2 24
20.5%
11.8%
Q1 24
17.1%
8.5%
EPS (diluted)
AWR
AWR
ROCK
ROCK
Q4 25
$0.74
Q3 25
$1.06
$-2.98
Q2 25
$0.87
$0.87
Q1 25
$0.70
Q4 24
$0.75
Q3 24
$0.95
$1.11
Q2 24
$0.85
$1.05
Q1 24
$0.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AWR
AWR
ROCK
ROCK
Cash + ST InvestmentsLiquidity on hand
$18.8M
$115.7M
Total DebtLower is stronger
$782.7M
$0
Stockholders' EquityBook value
$1.0B
$950.4M
Total Assets
$2.7B
$1.4B
Debt / EquityLower = less leverage
0.75×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWR
AWR
ROCK
ROCK
Q4 25
$18.8M
$115.7M
Q3 25
$26.1M
$89.4M
Q2 25
$20.2M
$43.3M
Q1 25
$21.2M
$25.1M
Q4 24
$26.7M
$269.5M
Q3 24
$16.5M
$228.9M
Q2 24
$3.6M
$179.1M
Q1 24
$17.0M
$146.7M
Total Debt
AWR
AWR
ROCK
ROCK
Q4 25
$782.7M
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$640.4M
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
AWR
AWR
ROCK
ROCK
Q4 25
$1.0B
$950.4M
Q3 25
$1.0B
$951.8M
Q2 25
$972.5M
$1.0B
Q1 25
$956.4M
$1.0B
Q4 24
$920.1M
$1.0B
Q3 24
$879.5M
$1.0B
Q2 24
$833.5M
$975.7M
Q1 24
$800.5M
$940.2M
Total Assets
AWR
AWR
ROCK
ROCK
Q4 25
$2.7B
$1.4B
Q3 25
$2.7B
$1.4B
Q2 25
$2.6B
$1.5B
Q1 25
$2.5B
$1.4B
Q4 24
$2.5B
$1.4B
Q3 24
$2.4B
$1.4B
Q2 24
$2.3B
$1.4B
Q1 24
$2.3B
$1.3B
Debt / Equity
AWR
AWR
ROCK
ROCK
Q4 25
0.75×
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.70×
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AWR
AWR
ROCK
ROCK
Operating Cash FlowLast quarter
$27.7M
$35.5M
Free Cash FlowOCF − Capex
$-36.0M
$26.2M
FCF MarginFCF / Revenue
-21.9%
11.7%
Capex IntensityCapex / Revenue
38.8%
4.1%
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters
$-7.1M
$120.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWR
AWR
ROCK
ROCK
Q4 25
$27.7M
$35.5M
Q3 25
$92.4M
$73.0M
Q2 25
$64.6M
$44.9M
Q1 25
$45.1M
$13.7M
Q4 24
$64.5M
$19.9M
Q3 24
$63.7M
$64.7M
Q2 24
$24.7M
$36.5M
Q1 24
$45.8M
$53.2M
Free Cash Flow
AWR
AWR
ROCK
ROCK
Q4 25
$-36.0M
$26.2M
Q3 25
$37.7M
$64.8M
Q2 25
$13.7M
$27.3M
Q1 25
$-22.5M
$2.3M
Q4 24
$6.0M
$14.1M
Q3 24
$-478.0K
$60.5M
Q2 24
$-37.0M
$33.5M
Q1 24
$-1.7M
$48.8M
FCF Margin
AWR
AWR
ROCK
ROCK
Q4 25
-21.9%
11.7%
Q3 25
20.7%
20.8%
Q2 25
8.4%
8.8%
Q1 25
-15.2%
0.8%
Q4 24
4.2%
7.8%
Q3 24
-0.3%
21.8%
Q2 24
-23.8%
12.2%
Q1 24
-1.3%
16.7%
Capex Intensity
AWR
AWR
ROCK
ROCK
Q4 25
38.8%
4.1%
Q3 25
29.9%
2.6%
Q2 25
31.2%
5.7%
Q1 25
45.6%
3.9%
Q4 24
40.9%
3.3%
Q3 24
39.7%
1.5%
Q2 24
39.8%
1.1%
Q1 24
35.2%
1.5%
Cash Conversion
AWR
AWR
ROCK
ROCK
Q4 25
0.96×
Q3 25
2.24×
Q2 25
1.92×
1.73×
Q1 25
1.68×
0.65×
Q4 24
2.27×
Q3 24
1.78×
1.90×
Q2 24
0.78×
1.13×
Q1 24
1.98×
2.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AWR
AWR

Water Service Utility Operations$110.0M67%
Public Utilities Inventory Water$22.3M14%
Wastewater$15.9M10%
Electric Service Utility Operations$15.2M9%

ROCK
ROCK

Transferred At Point In Time$183.5M82%
Infrastructure$22.5M10%
Other$18.9M8%

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