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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and WESBANCO INC (WSBC). Click either name above to swap in a different company.
WESBANCO INC is the larger business by last-quarter revenue ($257.2M vs $164.3M, roughly 1.6× AMERICAN STATES WATER CO). WESBANCO INC runs the higher net margin — 34.5% vs 17.5%, a 17.0% gap on every dollar of revenue. Over the past eight quarters, WESBANCO INC's revenue compounded faster (31.9% 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.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
AWR vs WSBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $257.2M |
| Net Profit | $28.7M | $88.6M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | — |
| Net Margin | 17.5% | 34.5% |
| Revenue YoY | 14.8% | — |
| Net Profit YoY | 1.1% | 54.4% |
| EPS (diluted) | $0.74 | $0.88 |
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 | — | $257.2M | ||
| Q4 25 | $164.3M | $265.6M | ||
| Q3 25 | $182.7M | $261.6M | ||
| Q2 25 | $163.1M | $260.7M | ||
| Q1 25 | $148.0M | $193.2M | ||
| Q4 24 | $143.1M | $162.9M | ||
| Q3 24 | $161.8M | $150.8M | ||
| Q2 24 | $155.3M | $147.9M |
| Q1 26 | — | $88.6M | ||
| Q4 25 | $28.7M | $91.1M | ||
| Q3 25 | $41.2M | $83.6M | ||
| Q2 25 | $33.7M | $57.4M | ||
| Q1 25 | $26.8M | $-9.0M | ||
| Q4 24 | $28.4M | $49.6M | ||
| Q3 24 | $35.8M | $37.3M | ||
| Q2 24 | $31.9M | $28.9M |
| 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% | 43.2% | ||
| Q3 25 | 33.8% | 39.5% | ||
| Q2 25 | 31.3% | 27.2% | ||
| Q1 25 | 30.8% | -5.0% | ||
| Q4 24 | 27.0% | 38.0% | ||
| Q3 24 | 34.0% | 29.7% | ||
| Q2 24 | 33.3% | 23.7% |
| Q1 26 | — | 34.5% | ||
| Q4 25 | 17.5% | 34.3% | ||
| Q3 25 | 22.5% | 31.9% | ||
| Q2 25 | 20.7% | 22.0% | ||
| Q1 25 | 18.1% | -4.7% | ||
| Q4 24 | 19.9% | 30.5% | ||
| Q3 24 | 22.1% | 24.7% | ||
| Q2 24 | 20.5% | 19.5% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $0.74 | $0.97 | ||
| Q3 25 | $1.06 | $0.84 | ||
| Q2 25 | $0.87 | $0.57 | ||
| Q1 25 | $0.70 | $-0.15 | ||
| Q4 24 | $0.75 | $0.72 | ||
| Q3 24 | $0.95 | $0.54 | ||
| Q2 24 | $0.85 | $0.44 |
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 | — |
| Stockholders' EquityBook value | $1.0B | $4.1B |
| Total Assets | $2.7B | $27.5B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $18.8M | $956.1M | ||
| Q3 25 | $26.1M | $1.0B | ||
| Q2 25 | $20.2M | $1.2B | ||
| Q1 25 | $21.2M | $1.1B | ||
| Q4 24 | $26.7M | $568.1M | ||
| Q3 24 | $16.5M | $620.9M | ||
| Q2 24 | $3.6M | $486.8M |
| Q1 26 | — | — | ||
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $4.1B | ||
| Q4 25 | $1.0B | $4.0B | ||
| Q3 25 | $1.0B | $4.1B | ||
| Q2 25 | $972.5M | $3.8B | ||
| Q1 25 | $956.4M | $3.8B | ||
| Q4 24 | $920.1M | $2.8B | ||
| Q3 24 | $879.5M | $2.8B | ||
| Q2 24 | $833.5M | $2.5B |
| Q1 26 | — | $27.5B | ||
| Q4 25 | $2.7B | $27.7B | ||
| Q3 25 | $2.7B | $27.5B | ||
| Q2 25 | $2.6B | $27.6B | ||
| Q1 25 | $2.5B | $27.4B | ||
| Q4 24 | $2.5B | $18.7B | ||
| Q3 24 | $2.4B | $18.5B | ||
| Q2 24 | $2.3B | $18.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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 | $290.4M | ||
| Q3 25 | $92.4M | $116.9M | ||
| Q2 25 | $64.6M | $105.0M | ||
| Q1 25 | $45.1M | $-26.4M | ||
| Q4 24 | $64.5M | $211.0M | ||
| Q3 24 | $63.7M | $60.7M | ||
| Q2 24 | $24.7M | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-36.0M | $280.0M | ||
| Q3 25 | $37.7M | $114.9M | ||
| Q2 25 | $13.7M | $98.3M | ||
| Q1 25 | $-22.5M | $-30.7M | ||
| Q4 24 | $6.0M | $200.7M | ||
| Q3 24 | $-478.0K | $56.9M | ||
| Q2 24 | $-37.0M | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | -21.9% | 105.4% | ||
| Q3 25 | 20.7% | 43.9% | ||
| Q2 25 | 8.4% | 37.7% | ||
| Q1 25 | -15.2% | -15.9% | ||
| Q4 24 | 4.2% | 123.2% | ||
| Q3 24 | -0.3% | 37.7% | ||
| Q2 24 | -23.8% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 38.8% | 3.9% | ||
| Q3 25 | 29.9% | 0.8% | ||
| Q2 25 | 31.2% | 2.6% | ||
| Q1 25 | 45.6% | 2.2% | ||
| Q4 24 | 40.9% | 6.3% | ||
| Q3 24 | 39.7% | 2.5% | ||
| Q2 24 | 39.8% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 3.19× | ||
| Q3 25 | 2.24× | 1.40× | ||
| Q2 25 | 1.92× | 1.83× | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 2.27× | 4.25× | ||
| Q3 24 | 1.78× | 1.63× | ||
| Q2 24 | 0.78× | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
