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Side-by-side financial comparison of NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) and YORK WATER CO (YORW). Click either name above to swap in a different company.

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP is the larger business by last-quarter revenue ($23.6M vs $19.4M, roughly 1.2× YORK WATER CO). YORK WATER CO runs the higher net margin — 26.7% vs -677.3%, a 704.0% gap on every dollar of revenue. On growth, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP posted the faster year-over-year revenue change (15.7% vs 3.2%). Over the past eight quarters, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's revenue compounded faster (8.9% CAGR vs 5.1%).

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

The York Water Company is an investor-owned, public utility company based in York, Pennsylvania and operating throughout Pennsylvania. The company was founded in 1816 by a group of local businessmen concerned about fire protection.

NEN vs YORW — Head-to-Head

Bigger by revenue
NEN
NEN
1.2× larger
NEN
$23.6M
$19.4M
YORW
Growing faster (revenue YoY)
NEN
NEN
+12.5% gap
NEN
15.7%
3.2%
YORW
Higher net margin
YORW
YORW
704.0% more per $
YORW
26.7%
-677.3%
NEN
Faster 2-yr revenue CAGR
NEN
NEN
Annualised
NEN
8.9%
5.1%
YORW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NEN
NEN
YORW
YORW
Revenue
$23.6M
$19.4M
Net Profit
$-1.4M
$5.2M
Gross Margin
Operating Margin
14.0%
33.2%
Net Margin
-677.3%
26.7%
Revenue YoY
15.7%
3.2%
Net Profit YoY
-133.0%
0.5%
EPS (diluted)
$0.36

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.

Revenue
NEN
NEN
YORW
YORW
Q4 25
$23.6M
$19.4M
Q3 25
$23.7M
$20.2M
Q2 25
$21.2M
$19.1M
Q1 25
$20.7M
$18.3M
Q4 24
$20.4M
$18.8M
Q3 24
$20.2M
$19.6M
Q2 24
$20.1M
$18.6M
Q1 24
$19.9M
$17.5M
Net Profit
NEN
NEN
YORW
YORW
Q4 25
$-1.4M
$5.2M
Q3 25
$-521.8K
$6.2M
Q2 25
$4.1M
$5.1M
Q1 25
$3.8M
$3.6M
Q4 24
$4.2M
$5.1M
Q3 24
$3.9M
$5.9M
Q2 24
$4.1M
$5.0M
Q1 24
$3.5M
$4.3M
Operating Margin
NEN
NEN
YORW
YORW
Q4 25
14.0%
33.2%
Q3 25
20.0%
39.1%
Q2 25
33.3%
37.1%
Q1 25
30.1%
34.3%
Q4 24
32.4%
35.8%
Q3 24
32.0%
41.1%
Q2 24
32.6%
37.9%
Q1 24
28.9%
35.5%
Net Margin
NEN
NEN
YORW
YORW
Q4 25
-677.3%
26.7%
Q3 25
-2.2%
30.6%
Q2 25
19.5%
26.5%
Q1 25
18.3%
19.8%
Q4 24
20.7%
27.4%
Q3 24
19.3%
29.9%
Q2 24
20.3%
26.8%
Q1 24
17.4%
24.7%
EPS (diluted)
NEN
NEN
YORW
YORW
Q4 25
$0.36
Q3 25
$0.43
Q2 25
$0.35
Q1 25
$0.25
Q4 24
$0.36
Q3 24
$0.41
Q2 24
$0.35
Q1 24
$0.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NEN
NEN
YORW
YORW
Cash + ST InvestmentsLiquidity on hand
$26.7M
$1.0K
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$240.3M
Total Assets
$505.3M
$680.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEN
NEN
YORW
YORW
Q4 25
$26.7M
$1.0K
Q3 25
$13.4M
$1.0K
Q2 25
$16.7M
$1.0K
Q1 25
$30.9M
$1.0K
Q4 24
$17.6M
$1.0K
Q3 24
$15.1M
$1.0K
Q2 24
$13.5M
$1.0K
Q1 24
$28.8M
$3.3M
Total Debt
NEN
NEN
YORW
YORW
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
Q1 24
$410.7M
Stockholders' Equity
NEN
NEN
YORW
YORW
Q4 25
$240.3M
Q3 25
$238.0M
Q2 25
$234.6M
Q1 25
$232.1M
Q4 24
$231.2M
Q3 24
$228.7M
Q2 24
$225.4M
Q1 24
$222.9M
Total Assets
NEN
NEN
YORW
YORW
Q4 25
$505.3M
$680.9M
Q3 25
$492.9M
$667.1M
Q2 25
$494.8M
$653.7M
Q1 25
$385.2M
$641.8M
Q4 24
$393.5M
$633.5M
Q3 24
$387.4M
$621.4M
Q2 24
$383.7M
$610.4M
Q1 24
$381.2M
$602.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NEN
NEN
YORW
YORW
Operating Cash FlowLast quarter
$27.7M
$8.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.63×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEN
NEN
YORW
YORW
Q4 25
$27.7M
$8.4M
Q3 25
$2.3M
$7.8M
Q2 25
$12.5M
$7.6M
Q1 25
$5.5M
$6.0M
Q4 24
$31.9M
$10.2M
Q3 24
$8.5M
$7.5M
Q2 24
$5.4M
$6.7M
Q1 24
$6.1M
$6.1M
Cash Conversion
NEN
NEN
YORW
YORW
Q4 25
1.63×
Q3 25
1.26×
Q2 25
3.02×
1.50×
Q1 25
1.44×
1.65×
Q4 24
7.57×
1.98×
Q3 24
2.17×
1.29×
Q2 24
1.32×
1.34×
Q1 24
1.77×
1.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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