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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $164.3M, roughly 1.2× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -4.5%, a 22.0% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 14.8%). Xometry, Inc. produced more free cash flow last quarter ($-5.9M vs $-36.0M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
AWR vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $192.4M |
| Net Profit | $28.7M | $-8.6M |
| Gross Margin | 88.9% | 39.1% |
| Operating Margin | 27.4% | -4.6% |
| Net Margin | 17.5% | -4.5% |
| Revenue YoY | 14.8% | 29.5% |
| Net Profit YoY | 1.1% | 12.7% |
| EPS (diluted) | $0.74 | — |
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 | $192.4M | ||
| Q3 25 | $182.7M | $180.7M | ||
| Q2 25 | $163.1M | $162.5M | ||
| Q1 25 | $148.0M | $151.0M | ||
| Q4 24 | $143.1M | $148.5M | ||
| Q3 24 | $161.8M | $141.7M | ||
| Q2 24 | $155.3M | $132.6M | ||
| Q1 24 | $135.3M | $122.7M |
| Q4 25 | $28.7M | $-8.6M | ||
| Q3 25 | $41.2M | $-11.6M | ||
| Q2 25 | $33.7M | $-26.4M | ||
| Q1 25 | $26.8M | $-15.1M | ||
| Q4 24 | $28.4M | $-9.9M | ||
| Q3 24 | $35.8M | $-10.2M | ||
| Q2 24 | $31.9M | $-13.7M | ||
| Q1 24 | $23.1M | $-16.6M |
| Q4 25 | 88.9% | 39.1% | ||
| Q3 25 | 91.0% | 39.9% | ||
| Q2 25 | 92.1% | 40.1% | ||
| Q1 25 | 91.3% | 37.3% | ||
| Q4 24 | 92.4% | 39.7% | ||
| Q3 24 | 92.7% | 39.4% | ||
| Q2 24 | 89.6% | 39.9% | ||
| Q1 24 | 88.4% | 39.0% |
| Q4 25 | 27.4% | -4.6% | ||
| Q3 25 | 33.8% | -6.1% | ||
| Q2 25 | 31.3% | -6.3% | ||
| Q1 25 | 30.8% | -10.2% | ||
| Q4 24 | 27.0% | -7.8% | ||
| Q3 24 | 34.0% | -8.1% | ||
| Q2 24 | 33.3% | -11.5% | ||
| Q1 24 | 28.8% | -14.6% |
| Q4 25 | 17.5% | -4.5% | ||
| Q3 25 | 22.5% | -6.4% | ||
| Q2 25 | 20.7% | -16.3% | ||
| Q1 25 | 18.1% | -10.0% | ||
| Q4 24 | 19.9% | -6.7% | ||
| Q3 24 | 22.1% | -7.2% | ||
| Q2 24 | 20.5% | -10.3% | ||
| Q1 24 | 17.1% | -13.5% |
| Q4 25 | $0.74 | — | ||
| Q3 25 | $1.06 | — | ||
| Q2 25 | $0.87 | — | ||
| Q1 25 | $0.70 | — | ||
| 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 | $219.1M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $275.6M |
| Total Assets | $2.7B | $703.7M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $219.1M | ||
| Q3 25 | $26.1M | $224.5M | ||
| Q2 25 | $20.2M | $225.8M | ||
| Q1 25 | $21.2M | $231.4M | ||
| Q4 24 | $26.7M | $239.8M | ||
| Q3 24 | $16.5M | $234.0M | ||
| Q2 24 | $3.6M | $240.9M | ||
| Q1 24 | $17.0M | $253.8M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $275.6M | ||
| Q3 25 | $1.0B | $272.0M | ||
| Q2 25 | $972.5M | $270.4M | ||
| Q1 25 | $956.4M | $309.9M | ||
| Q4 24 | $920.1M | $314.5M | ||
| Q3 24 | $879.5M | $315.2M | ||
| Q2 24 | $833.5M | $315.8M | ||
| Q1 24 | $800.5M | $320.4M |
| Q4 25 | $2.7B | $703.7M | ||
| Q3 25 | $2.7B | $698.9M | ||
| Q2 25 | $2.6B | $687.0M | ||
| Q1 25 | $2.5B | $690.1M | ||
| Q4 24 | $2.5B | $680.1M | ||
| Q3 24 | $2.4B | $678.2M | ||
| Q2 24 | $2.3B | $678.6M | ||
| Q1 24 | $2.3B | $692.5M |
| 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 | $4.4M |
| Free Cash FlowOCF − Capex | $-36.0M | $-5.9M |
| FCF MarginFCF / Revenue | -21.9% | -3.0% |
| Capex IntensityCapex / Revenue | 38.8% | 5.3% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $4.4M | ||
| Q3 25 | $92.4M | $5.8M | ||
| Q2 25 | $64.6M | $-427.0K | ||
| Q1 25 | $45.1M | $-3.7M | ||
| Q4 24 | $64.5M | $9.1M | ||
| Q3 24 | $63.7M | $-3.6M | ||
| Q2 24 | $24.7M | $-9.1M | ||
| Q1 24 | $45.8M | $-11.7M |
| Q4 25 | $-36.0M | $-5.9M | ||
| Q3 25 | $37.7M | $-1.7M | ||
| Q2 25 | $13.7M | $-7.4M | ||
| Q1 25 | $-22.5M | $-9.2M | ||
| Q4 24 | $6.0M | $4.5M | ||
| Q3 24 | $-478.0K | $-8.4M | ||
| Q2 24 | $-37.0M | $-13.5M | ||
| Q1 24 | $-1.7M | $-16.1M |
| Q4 25 | -21.9% | -3.0% | ||
| Q3 25 | 20.7% | -0.9% | ||
| Q2 25 | 8.4% | -4.5% | ||
| Q1 25 | -15.2% | -6.1% | ||
| Q4 24 | 4.2% | 3.1% | ||
| Q3 24 | -0.3% | -6.0% | ||
| Q2 24 | -23.8% | -10.2% | ||
| Q1 24 | -1.3% | -13.1% |
| Q4 25 | 38.8% | 5.3% | ||
| Q3 25 | 29.9% | 4.1% | ||
| Q2 25 | 31.2% | 4.3% | ||
| Q1 25 | 45.6% | 3.6% | ||
| Q4 24 | 40.9% | 3.1% | ||
| Q3 24 | 39.7% | 3.4% | ||
| Q2 24 | 39.8% | 3.3% | ||
| Q1 24 | 35.2% | 3.5% |
| 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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
