HTO H2O America — QuoTrend

Analyst Ratings

Date	Action	Analyst	Rating	Target
May-11-26	Initiated	Wells Fargo	Equal Weight	$60
Apr-16-26	Initiated	TD Cowen	Hold	$64
Mar-09-26	Reiterated	Barclays	Overweight	$61 → $63
Mar-03-26	Reiterated	BTIG	Buy	$61
Feb-23-26	Initiated	Barclays	Overweight	$61
Jan-09-26	Reiterated	UBS		$61
Jan-09-26	Upgrade	BTIG	Neutral → Buy
Feb-03-25	Upgrade	B of A Securities	Neutral → Buy

Financial Statements

DataTimeframe

Line Item (USD, M)		TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023	FY 2022 12/31/2022	FY 2021 12/31/2021	FY 2020 12/31/2020	FY 2019 12/31/2019	FY 2018 12/31/2018
Total Revenue		816	801	748	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A		363	426	323
Gross Profit		453	374	425
Selling, General and Administrative Excl. Other		145	151	106
Research and Development		0	0	0
Other Operating Expense		128	42	149
Operating Income		180	181	171
Interest Expense		73	91	71
Unusual Expense		—	—	—
Non-Operating Income (Expense)		-11	-25	-4
Net Income Before Taxes		117	115	103
Income Taxes		12	12	9
Consolidated Net Income		105	103	94
Net Income From Continuing Operations		105	103	94
Net Income		105	103	94
EPS (Recurring)		2.93	2.93	2.80
EPS (Basic, Before Extraordinaries)		2.93	2.93	2.80
EPS (Diluted)		2.92	2.92	2.79
EBITDA		311	321	289
Other After Tax Adjustments		—	—	—
Stock Option Compensation Expense		—	—	—
Price To Earnings Ratio		19.41	16.78	—
Price To Sales Ratio		2.64	2.20	—
Gross Margin		55.51	46.69	56.82
Operating Margin		22.06	22.60	22.86
Net Margin		12.87	12.86	12.57
Shares Outstanding		38	36	34
Market Capitalization		2,154	1,764	—
Operating Lease Expense		—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
ATLAS Infrastructure Partners (UK) Ltd.	10% Owner	May 29 '26	Buy	57.62	31,001	1,786,402	4,612,035	Jun 02 12:00 AM
ATLAS Infrastructure Partners (UK) Ltd.	10% Owner	May 29 '26	Sale	57.52	1,435	82,544	4,581,034	Jun 02 12:00 AM
GIP ATLAS Holdings Ltd	10% Owner	Apr 10 '26	Buy	59.06	50,385	2,975,919	4,582,469	Apr 22 12:00 AM
ATLAS Infrastructure Partners (UK) Ltd.	10% Owner	Apr 10 '26	Buy	59.06	50,385	2,975,919	4,582,469	Apr 13 12:00 AM
Walters Andrew F	Chief Executive Officer	Nov 13 '25	Sale	47.22	2,100	99,162	24,192	Nov 14 12:00 AM