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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $164.3M, roughly 1.5× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 4.9%, a 12.6% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs 14.8%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $-36.0M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
AWR vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $238.9M |
| Net Profit | $28.7M | $11.8M |
| Gross Margin | 88.9% | 80.7% |
| Operating Margin | 27.4% | 3.3% |
| Net Margin | 17.5% | 4.9% |
| Revenue YoY | 14.8% | 19.5% |
| Net Profit YoY | 1.1% | 234.0% |
| EPS (diluted) | $0.74 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $182.7M | $224.2M | ||
| Q2 25 | $163.1M | $215.2M | ||
| Q1 25 | $148.0M | $206.3M | ||
| Q4 24 | $143.1M | $199.9M | ||
| Q3 24 | $161.8M | $185.6M | ||
| Q2 24 | $155.3M | $177.5M | ||
| Q1 24 | $135.3M | $175.7M |
| Q4 25 | $28.7M | $11.8M | ||
| Q3 25 | $41.2M | $2.8M | ||
| Q2 25 | $33.7M | $-19.4M | ||
| Q1 25 | $26.8M | $-21.4M | ||
| Q4 24 | $28.4M | $-8.8M | ||
| Q3 24 | $35.8M | $-17.0M | ||
| Q2 24 | $31.9M | $-17.5M | ||
| Q1 24 | $23.1M | $-11.7M |
| Q4 25 | 88.9% | 80.7% | ||
| Q3 25 | 91.0% | 79.3% | ||
| Q2 25 | 92.1% | 77.0% | ||
| Q1 25 | 91.3% | 76.6% | ||
| Q4 24 | 92.4% | 77.1% | ||
| Q3 24 | 92.7% | 76.5% | ||
| Q2 24 | 89.6% | 76.8% | ||
| Q1 24 | 88.4% | 76.4% |
| Q4 25 | 27.4% | 3.3% | ||
| Q3 25 | 33.8% | -1.5% | ||
| Q2 25 | 31.3% | -10.3% | ||
| Q1 25 | 30.8% | -12.0% | ||
| Q4 24 | 27.0% | -6.7% | ||
| Q3 24 | 34.0% | -11.7% | ||
| Q2 24 | 33.3% | -13.0% | ||
| Q1 24 | 28.8% | -10.4% |
| Q4 25 | 17.5% | 4.9% | ||
| Q3 25 | 22.5% | 1.2% | ||
| Q2 25 | 20.7% | -9.0% | ||
| Q1 25 | 18.1% | -10.4% | ||
| Q4 24 | 19.9% | -4.4% | ||
| Q3 24 | 22.1% | -9.2% | ||
| Q2 24 | 20.5% | -9.9% | ||
| Q1 24 | 17.1% | -6.7% |
| Q4 25 | $0.74 | $0.21 | ||
| Q3 25 | $1.06 | $0.05 | ||
| Q2 25 | $0.87 | $-0.35 | ||
| Q1 25 | $0.70 | $-0.38 | ||
| Q4 24 | $0.75 | $-0.15 | ||
| Q3 24 | $0.95 | $-0.31 | ||
| Q2 24 | $0.85 | $-0.32 | ||
| Q1 24 | $0.62 | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $-5.4M |
| Total Assets | $2.7B | $1.5B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $338.8M | ||
| Q3 25 | $26.1M | $315.9M | ||
| Q2 25 | $20.2M | $284.3M | ||
| Q1 25 | $21.2M | $242.0M | ||
| Q4 24 | $26.7M | $301.8M | ||
| Q3 24 | $16.5M | $248.2M | ||
| Q2 24 | $3.6M | $267.9M | ||
| Q1 24 | $17.0M | $296.1M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $-5.4M | ||
| Q3 25 | $1.0B | $-36.9M | ||
| Q2 25 | $972.5M | $-66.5M | ||
| Q1 25 | $956.4M | $-75.7M | ||
| Q4 24 | $920.1M | $-41.7M | ||
| Q3 24 | $879.5M | $-50.8M | ||
| Q2 24 | $833.5M | $-77.7M | ||
| Q1 24 | $800.5M | $-83.2M |
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $2.3B | $1.2B | ||
| Q1 24 | $2.3B | $1.2B |
| 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 | $51.0M |
| Free Cash FlowOCF − Capex | $-36.0M | $50.7M |
| FCF MarginFCF / Revenue | -21.9% | 21.2% |
| Capex IntensityCapex / Revenue | 38.8% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.96× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $51.0M | ||
| Q3 25 | $92.4M | $46.2M | ||
| Q2 25 | $64.6M | $50.3M | ||
| Q1 25 | $45.1M | $-7.4M | ||
| Q4 24 | $64.5M | $44.0M | ||
| Q3 24 | $63.7M | $18.9M | ||
| Q2 24 | $24.7M | $-14.0K | ||
| Q1 24 | $45.8M | $24.8M |
| Q4 25 | $-36.0M | $50.7M | ||
| Q3 25 | $37.7M | $46.1M | ||
| Q2 25 | $13.7M | $49.3M | ||
| Q1 25 | $-22.5M | $-8.1M | ||
| Q4 24 | $6.0M | $43.2M | ||
| Q3 24 | $-478.0K | $18.7M | ||
| Q2 24 | $-37.0M | $-122.0K | ||
| Q1 24 | $-1.7M | $24.6M |
| Q4 25 | -21.9% | 21.2% | ||
| Q3 25 | 20.7% | 20.5% | ||
| Q2 25 | 8.4% | 22.9% | ||
| Q1 25 | -15.2% | -3.9% | ||
| Q4 24 | 4.2% | 21.6% | ||
| Q3 24 | -0.3% | 10.1% | ||
| Q2 24 | -23.8% | -0.1% | ||
| Q1 24 | -1.3% | 14.0% |
| Q4 25 | 38.8% | 0.1% | ||
| Q3 25 | 29.9% | 0.0% | ||
| Q2 25 | 31.2% | 0.5% | ||
| Q1 25 | 45.6% | 0.4% | ||
| Q4 24 | 40.9% | 0.4% | ||
| Q3 24 | 39.7% | 0.1% | ||
| Q2 24 | 39.8% | 0.1% | ||
| Q1 24 | 35.2% | 0.1% |
| Q4 25 | 0.96× | 4.31× | ||
| Q3 25 | 2.24× | 16.57× | ||
| 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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
