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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Stoke Therapeutics, Inc. (STOK). 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 $158.6M, roughly 1.0× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 17.5%, a 53.7% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 14.8%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $-36.0M).

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

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

AWR vs STOK — Head-to-Head

Bigger by revenue
AWR
AWR
1.0× larger
AWR
$164.3M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3646.3% gap
STOK
3661.1%
14.8%
AWR
Higher net margin
STOK
STOK
53.7% more per $
STOK
71.2%
17.5%
AWR
More free cash flow
STOK
STOK
$167.7M more FCF
STOK
$131.7M
$-36.0M
AWR

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
AWR
AWR
STOK
STOK
Revenue
$164.3M
$158.6M
Net Profit
$28.7M
$112.9M
Gross Margin
88.9%
Operating Margin
27.4%
70.2%
Net Margin
17.5%
71.2%
Revenue YoY
14.8%
3661.1%
Net Profit YoY
1.1%
528.0%
EPS (diluted)
$0.74
$1.90

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
STOK
STOK
Q4 25
$164.3M
Q3 25
$182.7M
Q2 25
$163.1M
Q1 25
$148.0M
$158.6M
Q4 24
$143.1M
$22.6M
Q3 24
$161.8M
Q2 24
$155.3M
Q1 24
$135.3M
Net Profit
AWR
AWR
STOK
STOK
Q4 25
$28.7M
Q3 25
$41.2M
Q2 25
$33.7M
Q1 25
$26.8M
$112.9M
Q4 24
$28.4M
$-10.5M
Q3 24
$35.8M
Q2 24
$31.9M
Q1 24
$23.1M
Gross Margin
AWR
AWR
STOK
STOK
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%
Operating Margin
AWR
AWR
STOK
STOK
Q4 25
27.4%
Q3 25
33.8%
Q2 25
31.3%
Q1 25
30.8%
70.2%
Q4 24
27.0%
-60.4%
Q3 24
34.0%
Q2 24
33.3%
Q1 24
28.8%
Net Margin
AWR
AWR
STOK
STOK
Q4 25
17.5%
Q3 25
22.5%
Q2 25
20.7%
Q1 25
18.1%
71.2%
Q4 24
19.9%
-46.4%
Q3 24
22.1%
Q2 24
20.5%
Q1 24
17.1%
EPS (diluted)
AWR
AWR
STOK
STOK
Q4 25
$0.74
Q3 25
$1.06
Q2 25
$0.87
Q1 25
$0.70
$1.90
Q4 24
$0.75
$-0.15
Q3 24
$0.95
Q2 24
$0.85
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
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$18.8M
$274.8M
Total DebtLower is stronger
$782.7M
Stockholders' EquityBook value
$1.0B
$350.1M
Total Assets
$2.7B
$406.9M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWR
AWR
STOK
STOK
Q4 25
$18.8M
Q3 25
$26.1M
Q2 25
$20.2M
Q1 25
$21.2M
$274.8M
Q4 24
$26.7M
$128.0M
Q3 24
$16.5M
Q2 24
$3.6M
Q1 24
$17.0M
Total Debt
AWR
AWR
STOK
STOK
Q4 25
$782.7M
Q3 25
Q2 25
Q1 25
Q4 24
$640.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AWR
AWR
STOK
STOK
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$972.5M
Q1 25
$956.4M
$350.1M
Q4 24
$920.1M
$229.0M
Q3 24
$879.5M
Q2 24
$833.5M
Q1 24
$800.5M
Total Assets
AWR
AWR
STOK
STOK
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
$2.5B
$406.9M
Q4 24
$2.5B
$271.6M
Q3 24
$2.4B
Q2 24
$2.3B
Q1 24
$2.3B
Debt / Equity
AWR
AWR
STOK
STOK
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
AWR
AWR
STOK
STOK
Operating Cash FlowLast quarter
$27.7M
$131.8M
Free Cash FlowOCF − Capex
$-36.0M
$131.7M
FCF MarginFCF / Revenue
-21.9%
83.0%
Capex IntensityCapex / Revenue
38.8%
0.1%
Cash ConversionOCF / Net Profit
0.96×
1.17×
TTM Free Cash FlowTrailing 4 quarters
$-7.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWR
AWR
STOK
STOK
Q4 25
$27.7M
Q3 25
$92.4M
Q2 25
$64.6M
Q1 25
$45.1M
$131.8M
Q4 24
$64.5M
$-23.2M
Q3 24
$63.7M
Q2 24
$24.7M
Q1 24
$45.8M
Free Cash Flow
AWR
AWR
STOK
STOK
Q4 25
$-36.0M
Q3 25
$37.7M
Q2 25
$13.7M
Q1 25
$-22.5M
$131.7M
Q4 24
$6.0M
$-23.2M
Q3 24
$-478.0K
Q2 24
$-37.0M
Q1 24
$-1.7M
FCF Margin
AWR
AWR
STOK
STOK
Q4 25
-21.9%
Q3 25
20.7%
Q2 25
8.4%
Q1 25
-15.2%
83.0%
Q4 24
4.2%
-102.7%
Q3 24
-0.3%
Q2 24
-23.8%
Q1 24
-1.3%
Capex Intensity
AWR
AWR
STOK
STOK
Q4 25
38.8%
Q3 25
29.9%
Q2 25
31.2%
Q1 25
45.6%
0.1%
Q4 24
40.9%
0.2%
Q3 24
39.7%
Q2 24
39.8%
Q1 24
35.2%
Cash Conversion
AWR
AWR
STOK
STOK
Q4 25
0.96×
Q3 25
2.24×
Q2 25
1.92×
Q1 25
1.68×
1.17×
Q4 24
2.27×
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
AWR

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

STOK
STOK

Segment breakdown not available.

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