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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $164.3M, roughly 1.3× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -3.1%, a 20.6% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -6.7%). ONE Group Hospitality, Inc. produced more free cash flow last quarter ($-329.0K vs $-36.0M). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
AWR vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $207.0M |
| Net Profit | $28.7M | $-6.4M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | 2.2% |
| Net Margin | 17.5% | -3.1% |
| Revenue YoY | 14.8% | -6.7% |
| Net Profit YoY | 1.1% | -531.8% |
| EPS (diluted) | $0.74 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $182.7M | $180.2M | ||
| Q2 25 | $163.1M | $207.4M | ||
| Q1 25 | $148.0M | $211.1M | ||
| Q4 24 | $143.1M | $221.9M | ||
| Q3 24 | $161.8M | $194.0M | ||
| Q2 24 | $155.3M | $172.5M | ||
| Q1 24 | $135.3M | $85.0M |
| Q4 25 | $28.7M | $-6.4M | ||
| Q3 25 | $41.2M | $-76.7M | ||
| Q2 25 | $33.7M | $-10.1M | ||
| Q1 25 | $26.8M | $975.0K | ||
| Q4 24 | $28.4M | $1.5M | ||
| Q3 24 | $35.8M | $-9.3M | ||
| Q2 24 | $31.9M | $-7.3M | ||
| Q1 24 | $23.1M | $-2.1M |
| 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% | 2.2% | ||
| Q3 25 | 33.8% | -4.4% | ||
| Q2 25 | 31.3% | 0.3% | ||
| Q1 25 | 30.8% | 5.1% | ||
| Q4 24 | 27.0% | 5.5% | ||
| Q3 24 | 34.0% | -1.9% | ||
| Q2 24 | 33.3% | 0.6% | ||
| Q1 24 | 28.8% | -0.7% |
| Q4 25 | 17.5% | -3.1% | ||
| Q3 25 | 22.5% | -42.6% | ||
| Q2 25 | 20.7% | -4.9% | ||
| Q1 25 | 18.1% | 0.5% | ||
| Q4 24 | 19.9% | 0.7% | ||
| Q3 24 | 22.1% | -4.8% | ||
| Q2 24 | 20.5% | -4.3% | ||
| Q1 24 | 17.1% | -2.4% |
| Q4 25 | $0.74 | $-0.50 | ||
| Q3 25 | $1.06 | $-2.75 | ||
| Q2 25 | $0.87 | $-0.59 | ||
| Q1 25 | $0.70 | $-0.21 | ||
| Q4 24 | $0.75 | $-0.18 | ||
| Q3 24 | $0.95 | $-0.53 | ||
| Q2 24 | $0.85 | $-0.38 | ||
| Q1 24 | $0.62 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | $782.7M | $354.2M |
| Stockholders' EquityBook value | $1.0B | $-75.8M |
| Total Assets | $2.7B | $884.2M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $4.2M | ||
| Q3 25 | $26.1M | $5.5M | ||
| Q2 25 | $20.2M | $4.7M | ||
| Q1 25 | $21.2M | $21.4M | ||
| Q4 24 | $26.7M | $27.6M | ||
| Q3 24 | $16.5M | $28.2M | ||
| Q2 24 | $3.6M | $32.2M | ||
| Q1 24 | $17.0M | $15.4M |
| Q4 25 | $782.7M | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | $640.4M | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $1.0B | $-75.8M | ||
| Q3 25 | $1.0B | $-61.5M | ||
| Q2 25 | $972.5M | $23.0M | ||
| Q1 25 | $956.4M | $40.5M | ||
| Q4 24 | $920.1M | $45.9M | ||
| Q3 24 | $879.5M | $51.4M | ||
| Q2 24 | $833.5M | $68.1M | ||
| Q1 24 | $800.5M | $68.3M |
| Q4 25 | $2.7B | $884.2M | ||
| Q3 25 | $2.7B | $879.5M | ||
| Q2 25 | $2.6B | $935.7M | ||
| Q1 25 | $2.5B | $956.0M | ||
| Q4 24 | $2.5B | $960.1M | ||
| Q3 24 | $2.4B | $953.5M | ||
| Q2 24 | $2.3B | $945.9M | ||
| Q1 24 | $2.3B | $309.3M |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | 0.70× | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $-36.0M | $-329.0K |
| FCF MarginFCF / Revenue | -21.9% | -0.2% |
| Capex IntensityCapex / Revenue | 38.8% | 6.5% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $13.1M | ||
| Q3 25 | $92.4M | $5.9M | ||
| Q2 25 | $64.6M | $2.8M | ||
| Q1 25 | $45.1M | $8.5M | ||
| Q4 24 | $64.5M | $18.5M | ||
| Q3 24 | $63.7M | $19.1M | ||
| Q2 24 | $24.7M | $-3.8M | ||
| Q1 24 | $45.8M | $10.4M |
| Q4 25 | $-36.0M | $-329.0K | ||
| Q3 25 | $37.7M | $-6.1M | ||
| Q2 25 | $13.7M | $-15.0M | ||
| Q1 25 | $-22.5M | $-5.8M | ||
| Q4 24 | $6.0M | $733.0K | ||
| Q3 24 | $-478.0K | $287.0K | ||
| Q2 24 | $-37.0M | $-23.0M | ||
| Q1 24 | $-1.7M | $-5.4M |
| Q4 25 | -21.9% | -0.2% | ||
| Q3 25 | 20.7% | -3.4% | ||
| Q2 25 | 8.4% | -7.2% | ||
| Q1 25 | -15.2% | -2.7% | ||
| Q4 24 | 4.2% | 0.3% | ||
| Q3 24 | -0.3% | 0.1% | ||
| Q2 24 | -23.8% | -13.3% | ||
| Q1 24 | -1.3% | -6.4% |
| Q4 25 | 38.8% | 6.5% | ||
| Q3 25 | 29.9% | 6.7% | ||
| Q2 25 | 31.2% | 8.6% | ||
| Q1 25 | 45.6% | 6.8% | ||
| Q4 24 | 40.9% | 8.0% | ||
| Q3 24 | 39.7% | 9.7% | ||
| Q2 24 | 39.8% | 11.1% | ||
| Q1 24 | 35.2% | 18.6% |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 1.68× | 8.76× | ||
| Q4 24 | 2.27× | 12.54× | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | — | ||
| 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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
