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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $164.3M, roughly 1.3× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -62.0%, a 79.5% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $-36.0M).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
AWR vs TE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $210.5M |
| Net Profit | $28.7M | $-130.6M |
| Gross Margin | 88.9% | 10.0% |
| Operating Margin | 27.4% | -45.0% |
| Net Margin | 17.5% | -62.0% |
| Revenue YoY | 14.8% | — |
| Net Profit YoY | 1.1% | -375.2% |
| EPS (diluted) | $0.74 | $-0.87 |
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 | — | ||
| Q3 25 | $182.7M | $210.5M | ||
| Q2 25 | $163.1M | $132.8M | ||
| Q1 25 | $148.0M | $53.5M | ||
| Q4 24 | $143.1M | — | ||
| Q3 24 | $161.8M | $0 | ||
| Q2 24 | $155.3M | $0 | ||
| Q1 24 | $135.3M | $0 |
| Q4 25 | $28.7M | — | ||
| Q3 25 | $41.2M | $-130.6M | ||
| Q2 25 | $33.7M | $-31.9M | ||
| Q1 25 | $26.8M | $-16.2M | ||
| Q4 24 | $28.4M | — | ||
| Q3 24 | $35.8M | $-27.5M | ||
| Q2 24 | $31.9M | $-27.0M | ||
| Q1 24 | $23.1M | $-28.5M |
| Q4 25 | 88.9% | — | ||
| Q3 25 | 91.0% | 10.0% | ||
| Q2 25 | 92.1% | 24.7% | ||
| Q1 25 | 91.3% | 33.3% | ||
| Q4 24 | 92.4% | — | ||
| Q3 24 | 92.7% | — | ||
| Q2 24 | 89.6% | — | ||
| Q1 24 | 88.4% | — |
| Q4 25 | 27.4% | — | ||
| Q3 25 | 33.8% | -45.0% | ||
| Q2 25 | 31.3% | -22.0% | ||
| Q1 25 | 30.8% | -44.2% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 33.3% | — | ||
| Q1 24 | 28.8% | — |
| Q4 25 | 17.5% | — | ||
| Q3 25 | 22.5% | -62.0% | ||
| Q2 25 | 20.7% | -24.0% | ||
| Q1 25 | 18.1% | -30.4% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 17.1% | — |
| Q4 25 | $0.74 | — | ||
| Q3 25 | $1.06 | $-0.87 | ||
| Q2 25 | $0.87 | $-0.21 | ||
| Q1 25 | $0.70 | $-0.11 | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.95 | $-0.20 | ||
| Q2 24 | $0.85 | $-0.19 | ||
| Q1 24 | $0.62 | $-0.20 |
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 | $34.1M |
| Total DebtLower is stronger | $782.7M | $547.3M |
| Stockholders' EquityBook value | $1.0B | $96.9M |
| Total Assets | $2.7B | $1.4B |
| Debt / EquityLower = less leverage | 0.75× | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | — | ||
| Q3 25 | $26.1M | $34.1M | ||
| Q2 25 | $20.2M | $8.5M | ||
| Q1 25 | $21.2M | $48.9M | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $16.5M | $181.9M | ||
| Q2 24 | $3.6M | $219.6M | ||
| Q1 24 | $17.0M | $249.9M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | $547.3M | ||
| Q2 25 | — | $591.2M | ||
| Q1 25 | — | $603.2M | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $602.3M |
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $96.9M | ||
| Q2 25 | $972.5M | $183.9M | ||
| Q1 25 | $956.4M | $201.9M | ||
| Q4 24 | $920.1M | — | ||
| Q3 24 | $879.5M | $538.7M | ||
| Q2 24 | $833.5M | $561.6M | ||
| Q1 24 | $800.5M | $582.3M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | $615.0M | ||
| Q2 24 | $2.3B | $644.4M | ||
| Q1 24 | $2.3B | $670.3M |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.03× |
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 | $63.9M |
| Free Cash FlowOCF − Capex | $-36.0M | $55.0M |
| FCF MarginFCF / Revenue | -21.9% | 26.1% |
| Capex IntensityCapex / Revenue | 38.8% | 4.2% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | — | ||
| Q3 25 | $92.4M | $63.9M | ||
| Q2 25 | $64.6M | $33.4M | ||
| Q1 25 | $45.1M | $-44.8M | ||
| Q4 24 | $64.5M | — | ||
| Q3 24 | $63.7M | $-28.4M | ||
| Q2 24 | $24.7M | $-28.0M | ||
| Q1 24 | $45.8M | $-16.2M |
| Q4 25 | $-36.0M | — | ||
| Q3 25 | $37.7M | $55.0M | ||
| Q2 25 | $13.7M | $10.6M | ||
| Q1 25 | $-22.5M | $-74.0M | ||
| Q4 24 | $6.0M | — | ||
| Q3 24 | $-478.0K | $-34.0M | ||
| Q2 24 | $-37.0M | $-35.6M | ||
| Q1 24 | $-1.7M | $-37.7M |
| Q4 25 | -21.9% | — | ||
| Q3 25 | 20.7% | 26.1% | ||
| Q2 25 | 8.4% | 8.0% | ||
| Q1 25 | -15.2% | -138.4% | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | -23.8% | — | ||
| Q1 24 | -1.3% | — |
| Q4 25 | 38.8% | — | ||
| Q3 25 | 29.9% | 4.2% | ||
| Q2 25 | 31.2% | 17.2% | ||
| Q1 25 | 45.6% | 54.5% | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 39.7% | — | ||
| Q2 24 | 39.8% | — | ||
| Q1 24 | 35.2% | — |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 1.68× | — | ||
| 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
| 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% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
