H2O America Overview
Pro stress-test →H2O America is a national investor-owned network of local water and wastewater utilities that delivers clean, high-quality water to communities. The company generated $800.59 million in revenue in 2025, up 6.97% year-over-year, with operations serving approximately 1.7+ million people across California, Connecticut, Maine, and Texas.
Strategic Profile
Pro stress-test →The company rebranded from SJW Group to H2O America in May 2025, signaling a strategic shift toward a national identity. H2O America reported 2025 EPS of $2.92 and outlined a larger $2.7B capex plan for 2026-30 with higher long-term EPS growth targets, partly tied to pending acquisitions including Quadvest. The company is positioned as a defensive utility play with growth potential through infrastructure investments and strategic acquisitions.
Competitive Landscape
Pro stress-test →H2O America competes within the regional water utility sector against Essential Utilities, American Water Works, and Consolidated Water. The company differentiates as a pure-play water utility with geographic diversification across three states and a focus on infrastructure modernization. Unlike larger peers with diversified services, H2O America emphasizes core water operations.
Industry Context
H2O America operates in Water Utilities.
Key facts
Founded: 1985 · Headquarters: San Jose, California · Revenue: $800.6M (2025) · Market cap: $2.0B