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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $164.3M, roughly 1.3× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 7.6%, a 9.9% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 14.8%). Vital Farms, Inc. produced more free cash flow last quarter ($-32.1M vs $-36.0M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
AWR vs VITL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $213.6M |
| Net Profit | $28.7M | $16.3M |
| Gross Margin | 88.9% | 35.8% |
| Operating Margin | 27.4% | 10.0% |
| Net Margin | 17.5% | 7.6% |
| Revenue YoY | 14.8% | 28.7% |
| Net Profit YoY | 1.1% | 54.3% |
| EPS (diluted) | $0.74 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $182.7M | $198.9M | ||
| Q2 25 | $163.1M | $184.8M | ||
| Q1 25 | $148.0M | $162.2M | ||
| Q4 24 | $143.1M | $166.0M | ||
| Q3 24 | $161.8M | $145.0M | ||
| Q2 24 | $155.3M | $147.4M | ||
| Q1 24 | $135.3M | $147.9M |
| Q4 25 | $28.7M | $16.3M | ||
| Q3 25 | $41.2M | $16.4M | ||
| Q2 25 | $33.7M | $16.6M | ||
| Q1 25 | $26.8M | $16.9M | ||
| Q4 24 | $28.4M | $10.6M | ||
| Q3 24 | $35.8M | $7.4M | ||
| Q2 24 | $31.9M | $16.3M | ||
| Q1 24 | $23.1M | $19.0M |
| Q4 25 | 88.9% | 35.8% | ||
| Q3 25 | 91.0% | 37.7% | ||
| Q2 25 | 92.1% | 38.9% | ||
| Q1 25 | 91.3% | 38.5% | ||
| Q4 24 | 92.4% | 36.1% | ||
| Q3 24 | 92.7% | 36.9% | ||
| Q2 24 | 89.6% | 39.1% | ||
| Q1 24 | 88.4% | 39.8% |
| Q4 25 | 27.4% | 10.0% | ||
| Q3 25 | 33.8% | 10.8% | ||
| Q2 25 | 31.3% | 12.9% | ||
| Q1 25 | 30.8% | 13.4% | ||
| Q4 24 | 27.0% | 7.8% | ||
| Q3 24 | 34.0% | 6.4% | ||
| Q2 24 | 33.3% | 11.6% | ||
| Q1 24 | 28.8% | 16.3% |
| Q4 25 | 17.5% | 7.6% | ||
| Q3 25 | 22.5% | 8.3% | ||
| Q2 25 | 20.7% | 9.0% | ||
| Q1 25 | 18.1% | 10.4% | ||
| Q4 24 | 19.9% | 6.4% | ||
| Q3 24 | 22.1% | 5.1% | ||
| Q2 24 | 20.5% | 11.1% | ||
| Q1 24 | 17.1% | 12.9% |
| Q4 25 | $0.74 | $0.35 | ||
| Q3 25 | $1.06 | $0.36 | ||
| Q2 25 | $0.87 | $0.36 | ||
| Q1 25 | $0.70 | $0.37 | ||
| Q4 24 | $0.75 | $0.23 | ||
| Q3 24 | $0.95 | $0.16 | ||
| Q2 24 | $0.85 | $0.36 | ||
| Q1 24 | $0.62 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $351.3M |
| Total Assets | $2.7B | $518.7M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $48.8M | ||
| Q3 25 | $26.1M | $93.8M | ||
| Q2 25 | $20.2M | $108.2M | ||
| Q1 25 | $21.2M | $156.3M | ||
| Q4 24 | $26.7M | $150.6M | ||
| Q3 24 | $16.5M | $149.5M | ||
| Q2 24 | $3.6M | $133.2M | ||
| Q1 24 | $17.0M | $113.8M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $351.3M | ||
| Q3 25 | $1.0B | $331.2M | ||
| Q2 25 | $972.5M | $309.8M | ||
| Q1 25 | $956.4M | $288.9M | ||
| Q4 24 | $920.1M | $269.3M | ||
| Q3 24 | $879.5M | $253.4M | ||
| Q2 24 | $833.5M | $238.4M | ||
| Q1 24 | $800.5M | $213.3M |
| Q4 25 | $2.7B | $518.7M | ||
| Q3 25 | $2.7B | $481.5M | ||
| Q2 25 | $2.6B | $430.8M | ||
| Q1 25 | $2.5B | $376.9M | ||
| Q4 24 | $2.5B | $359.3M | ||
| Q3 24 | $2.4B | $344.7M | ||
| Q2 24 | $2.3B | $320.5M | ||
| Q1 24 | $2.3B | $300.2M |
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | $-36.0M | $-32.1M |
| FCF MarginFCF / Revenue | -21.9% | -15.1% |
| Capex IntensityCapex / Revenue | 38.8% | 17.8% |
| Cash ConversionOCF / Net Profit | 0.96× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $5.8M | ||
| Q3 25 | $92.4M | $23.4M | ||
| Q2 25 | $64.6M | $-761.0K | ||
| Q1 25 | $45.1M | $5.3M | ||
| Q4 24 | $64.5M | $14.8M | ||
| Q3 24 | $63.7M | $10.0M | ||
| Q2 24 | $24.7M | $16.1M | ||
| Q1 24 | $45.8M | $23.9M |
| Q4 25 | $-36.0M | $-32.1M | ||
| Q3 25 | $37.7M | $-10.6M | ||
| Q2 25 | $13.7M | $-7.6M | ||
| Q1 25 | $-22.5M | $2.1M | ||
| Q4 24 | $6.0M | $-3.4M | ||
| Q3 24 | $-478.0K | $6.4M | ||
| Q2 24 | $-37.0M | $10.5M | ||
| Q1 24 | $-1.7M | $22.6M |
| Q4 25 | -21.9% | -15.1% | ||
| Q3 25 | 20.7% | -5.3% | ||
| Q2 25 | 8.4% | -4.1% | ||
| Q1 25 | -15.2% | 1.3% | ||
| Q4 24 | 4.2% | -2.0% | ||
| Q3 24 | -0.3% | 4.4% | ||
| Q2 24 | -23.8% | 7.2% | ||
| Q1 24 | -1.3% | 15.3% |
| Q4 25 | 38.8% | 17.8% | ||
| Q3 25 | 29.9% | 17.1% | ||
| Q2 25 | 31.2% | 3.7% | ||
| Q1 25 | 45.6% | 1.9% | ||
| Q4 24 | 40.9% | 10.9% | ||
| Q3 24 | 39.7% | 2.5% | ||
| Q2 24 | 39.8% | 3.8% | ||
| Q1 24 | 35.2% | 0.9% |
| Q4 25 | 0.96× | 0.35× | ||
| Q3 25 | 2.24× | 1.43× | ||
| Q2 25 | 1.92× | -0.05× | ||
| Q1 25 | 1.68× | 0.31× | ||
| Q4 24 | 2.27× | 1.40× | ||
| Q3 24 | 1.78× | 1.34× | ||
| Q2 24 | 0.78× | 0.99× | ||
| Q1 24 | 1.98× | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
