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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Twin Hospitality Group Inc. (TWNP). 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 $82.3M, roughly 2.0× Twin Hospitality Group Inc.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -29.7%, a 47.2% gap on every dollar of revenue. Twin Hospitality Group Inc. produced more free cash flow last quarter ($-7.4M vs $-36.0M).
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 TWNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $82.3M |
| Net Profit | $28.7M | $-24.5M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | -16.2% |
| Net Margin | 17.5% | -29.7% |
| Revenue YoY | 14.8% | — |
| Net Profit YoY | 1.1% | — |
| EPS (diluted) | $0.74 | $-0.43 |
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 | $82.3M | ||
| Q2 25 | $163.1M | $87.8M | ||
| Q1 25 | $148.0M | $87.1M | ||
| Q4 24 | $143.1M | — | ||
| Q3 24 | $161.8M | — | ||
| Q2 24 | $155.3M | — | ||
| Q1 24 | $135.3M | — |
| Q4 25 | $28.7M | — | ||
| Q3 25 | $41.2M | $-24.5M | ||
| Q2 25 | $33.7M | $-20.8M | ||
| Q1 25 | $26.8M | $-12.1M | ||
| Q4 24 | $28.4M | — | ||
| Q3 24 | $35.8M | — | ||
| Q2 24 | $31.9M | — | ||
| Q1 24 | $23.1M | — |
| 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% | — | ||
| Q3 25 | 33.8% | -16.2% | ||
| Q2 25 | 31.3% | -13.2% | ||
| Q1 25 | 30.8% | -1.2% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 33.3% | — | ||
| Q1 24 | 28.8% | — |
| Q4 25 | 17.5% | — | ||
| Q3 25 | 22.5% | -29.7% | ||
| Q2 25 | 20.7% | -23.7% | ||
| Q1 25 | 18.1% | -13.9% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 17.1% | — |
| Q4 25 | $0.74 | — | ||
| Q3 25 | $1.06 | $-0.43 | ||
| Q2 25 | $0.87 | $-0.38 | ||
| Q1 25 | $0.70 | $-0.26 | ||
| Q4 24 | $0.75 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.8M | — |
| Total DebtLower is stronger | $782.7M | $402.8M |
| Stockholders' EquityBook value | $1.0B | $-92.1M |
| Total Assets | $2.7B | $516.8M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $17.0M | — |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | $402.8M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $413.0M | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $-92.1M | ||
| Q2 25 | $972.5M | $-78.6M | ||
| Q1 25 | $956.4M | $-101.9M | ||
| Q4 24 | $920.1M | — | ||
| Q3 24 | $879.5M | — | ||
| Q2 24 | $833.5M | — | ||
| Q1 24 | $800.5M | — |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $516.8M | ||
| Q2 25 | $2.6B | $535.1M | ||
| Q1 25 | $2.5B | $544.2M | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.7M | $-5.9M |
| Free Cash FlowOCF − Capex | $-36.0M | $-7.4M |
| FCF MarginFCF / Revenue | -21.9% | -9.0% |
| Capex IntensityCapex / Revenue | 38.8% | 1.9% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | — | ||
| Q3 25 | $92.4M | $-5.9M | ||
| Q2 25 | $64.6M | $-8.8M | ||
| Q1 25 | $45.1M | $-5.7M | ||
| Q4 24 | $64.5M | — | ||
| Q3 24 | $63.7M | — | ||
| Q2 24 | $24.7M | — | ||
| Q1 24 | $45.8M | — |
| Q4 25 | $-36.0M | — | ||
| Q3 25 | $37.7M | $-7.4M | ||
| Q2 25 | $13.7M | $-10.6M | ||
| Q1 25 | $-22.5M | $-9.7M | ||
| Q4 24 | $6.0M | — | ||
| Q3 24 | $-478.0K | — | ||
| Q2 24 | $-37.0M | — | ||
| Q1 24 | $-1.7M | — |
| Q4 25 | -21.9% | — | ||
| Q3 25 | 20.7% | -9.0% | ||
| Q2 25 | 8.4% | -12.1% | ||
| Q1 25 | -15.2% | -11.2% | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | -23.8% | — | ||
| Q1 24 | -1.3% | — |
| Q4 25 | 38.8% | — | ||
| Q3 25 | 29.9% | 1.9% | ||
| Q2 25 | 31.2% | 2.1% | ||
| Q1 25 | 45.6% | 4.6% | ||
| 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% |
TWNP
Segment breakdown not available.
