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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and TEXAS CAPITAL BANCSHARES INC (TCBI). Click either name above to swap in a different company.
TEXAS CAPITAL BANCSHARES INC is the larger business by last-quarter revenue ($324.0M vs $164.3M, roughly 2.0× AMERICAN STATES WATER CO). TEXAS CAPITAL BANCSHARES INC runs the higher net margin — 22.8% vs 17.5%, a 5.3% gap on every dollar of revenue. On growth, TEXAS CAPITAL BANCSHARES INC posted the faster year-over-year revenue change (15.5% vs 14.8%). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% 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.
Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.
AWR vs TCBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $324.0M |
| Net Profit | $28.7M | $73.8M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | — |
| Net Margin | 17.5% | 22.8% |
| Revenue YoY | 14.8% | 15.5% |
| Net Profit YoY | 1.1% | 56.8% |
| EPS (diluted) | $0.74 | $1.56 |
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.
| Q1 26 | — | $324.0M | ||
| Q4 25 | $164.3M | $327.5M | ||
| Q3 25 | $182.7M | $340.4M | ||
| Q2 25 | $163.1M | $307.5M | ||
| Q1 25 | $148.0M | $280.5M | ||
| Q4 24 | $143.1M | $229.6M | ||
| Q3 24 | $161.8M | $125.3M | ||
| Q2 24 | $155.3M | $267.0M |
| Q1 26 | — | $73.8M | ||
| Q4 25 | $28.7M | $100.7M | ||
| Q3 25 | $41.2M | $105.2M | ||
| Q2 25 | $33.7M | $77.3M | ||
| Q1 25 | $26.8M | $47.0M | ||
| Q4 24 | $28.4M | $71.0M | ||
| Q3 24 | $35.8M | $-61.3M | ||
| Q2 24 | $31.9M | $41.7M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 27.4% | 40.4% | ||
| Q3 25 | 33.8% | 40.5% | ||
| Q2 25 | 31.3% | 33.2% | ||
| Q1 25 | 30.8% | 21.6% | ||
| Q4 24 | 27.0% | 40.7% | ||
| Q3 24 | 34.0% | -63.8% | ||
| Q2 24 | 33.3% | 21.9% |
| Q1 26 | — | 22.8% | ||
| Q4 25 | 17.5% | 30.7% | ||
| Q3 25 | 22.5% | 30.9% | ||
| Q2 25 | 20.7% | 25.2% | ||
| Q1 25 | 18.1% | 16.8% | ||
| Q4 24 | 19.9% | 30.9% | ||
| Q3 24 | 22.1% | -48.9% | ||
| Q2 24 | 20.5% | 15.6% |
| Q1 26 | — | $1.56 | ||
| Q4 25 | $0.74 | $2.11 | ||
| Q3 25 | $1.06 | $2.18 | ||
| Q2 25 | $0.87 | $1.58 | ||
| Q1 25 | $0.70 | $0.92 | ||
| Q4 24 | $0.75 | $1.43 | ||
| Q3 24 | $0.95 | $-1.41 | ||
| Q2 24 | $0.85 | $0.80 |
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 | — |
| Total DebtLower is stronger | $782.7M | $878.3M |
| Stockholders' EquityBook value | $1.0B | $3.6B |
| Total Assets | $2.7B | $33.5B |
| Debt / EquityLower = less leverage | 0.75× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $18.8M | — | ||
| Q3 25 | $26.1M | — | ||
| Q2 25 | $20.2M | — | ||
| Q1 25 | $21.2M | — | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $16.5M | — | ||
| Q2 24 | $3.6M | — |
| Q1 26 | — | $878.3M | ||
| Q4 25 | $782.7M | $620.6M | ||
| Q3 25 | — | $620.4M | ||
| Q2 25 | — | $620.3M | ||
| Q1 25 | — | $660.5M | ||
| Q4 24 | $640.4M | $660.3M | ||
| Q3 24 | — | $660.2M | ||
| Q2 24 | — | $660.0M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $1.0B | $3.6B | ||
| Q3 25 | $1.0B | $3.6B | ||
| Q2 25 | $972.5M | $3.5B | ||
| Q1 25 | $956.4M | $3.4B | ||
| Q4 24 | $920.1M | $3.4B | ||
| Q3 24 | $879.5M | $3.4B | ||
| Q2 24 | $833.5M | $3.2B |
| Q1 26 | — | $33.5B | ||
| Q4 25 | $2.7B | $31.5B | ||
| Q3 25 | $2.7B | $32.5B | ||
| Q2 25 | $2.6B | $31.9B | ||
| Q1 25 | $2.5B | $31.4B | ||
| Q4 24 | $2.5B | $30.7B | ||
| Q3 24 | $2.4B | $31.6B | ||
| Q2 24 | $2.3B | $29.9B |
| Q1 26 | — | 0.24× | ||
| Q4 25 | 0.75× | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 0.70× | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.21× |
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 | — |
| Free Cash FlowOCF − Capex | $-36.0M | — |
| FCF MarginFCF / Revenue | -21.9% | — |
| Capex IntensityCapex / Revenue | 38.8% | — |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $27.7M | $360.2M | ||
| Q3 25 | $92.4M | $166.3M | ||
| Q2 25 | $64.6M | $63.0M | ||
| Q1 25 | $45.1M | $368.0K | ||
| Q4 24 | $64.5M | $480.1M | ||
| Q3 24 | $63.7M | $332.8M | ||
| Q2 24 | $24.7M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-36.0M | $347.6M | ||
| Q3 25 | $37.7M | $161.3M | ||
| Q2 25 | $13.7M | $57.5M | ||
| Q1 25 | $-22.5M | $-2.0M | ||
| Q4 24 | $6.0M | $415.2M | ||
| Q3 24 | $-478.0K | $317.6M | ||
| Q2 24 | $-37.0M | $11.1M |
| Q1 26 | — | — | ||
| Q4 25 | -21.9% | 106.1% | ||
| Q3 25 | 20.7% | 47.4% | ||
| Q2 25 | 8.4% | 18.7% | ||
| Q1 25 | -15.2% | -0.7% | ||
| Q4 24 | 4.2% | 180.9% | ||
| Q3 24 | -0.3% | 253.4% | ||
| Q2 24 | -23.8% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 38.8% | 3.8% | ||
| Q3 25 | 29.9% | 1.5% | ||
| Q2 25 | 31.2% | 1.8% | ||
| Q1 25 | 45.6% | 0.9% | ||
| Q4 24 | 40.9% | 28.2% | ||
| Q3 24 | 39.7% | 12.1% | ||
| Q2 24 | 39.8% | 8.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 3.58× | ||
| Q3 25 | 2.24× | 1.58× | ||
| Q2 25 | 1.92× | 0.81× | ||
| Q1 25 | 1.68× | 0.01× | ||
| Q4 24 | 2.27× | 6.76× | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | 0.80× |
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% |
TCBI
Segment breakdown not available.
