Global Water Resources (GWRS) Financials

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$10.50 +0.08 (+0.82%)

As of 07:20 PM Eastern

Annual Income Statements for Global Water Resources

This table shows Global Water Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	5.51	7.98	5.79
Consolidated Net Income / (Loss)	5.51	7.98	5.79
Net Income / (Loss) Continuing Operations	5.51	7.98	5.79
Total Pre-Tax Income	6.44	11	7.86
Total Operating Income	7.82	12	9.36
Total Gross Profit	34	40	39
Total Revenue	45	53	53
Operating Revenue	45	53	53
Total Cost of Revenue	11	13	14
Operating Cost of Revenue	11	13	14
Total Operating Expenses	26	28	30
Selling, General & Admin Expense	16	17	17
Depreciation Expense	9.89	11	13
Total Other Income / (Expense), net	-1.38	-1.43	-1.50
Interest Expense	4.76	4.88	6.10
Interest & Investment Income	0.07	0.05	0.95
Other Income / (Expense), net	3.32	3.40	3.65
Income Tax Expense	0.93	2.87	2.07
Basic Earnings per Share	$0.24	$0.33	$0.24
Weighted Average Basic Shares Outstanding	23.17M	24.04M	24.20M
Diluted Earnings per Share	$0.24	$0.33	$0.24
Weighted Average Diluted Shares Outstanding	23.33M	24.13M	24.30M
Weighted Average Basic & Diluted Shares Outstanding	23.87M	24.18M	24.23M
Cash Dividends to Common per Share	$0.30	$0.30	$0.30

This table shows Global Water Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	1.69	0.82	2.47	1.74	2.63	1.14	0.69	1.73	2.93	0.44
Consolidated Net Income / (Loss)	1.69	0.82	2.47	1.74	2.63	1.14	0.69	1.73	2.93	0.44
Net Income / (Loss) Continuing Operations	1.69	0.82	2.47	1.74	2.63	1.14	0.69	1.73	2.93	0.44
Total Pre-Tax Income	2.30	0.95	3.33	2.47	3.52	1.53	0.94	2.33	3.99	0.61
Total Operating Income	2.77	1.23	3.78	3.01	3.84	1.66	1.27	2.80	3.98	1.32
Total Gross Profit	9.12	8.47	10	9.82	11	9.26	8.33	10	11	9.74
Total Revenue	12	11	13	13	15	12	12	14	14	13
Operating Revenue	12	11	13	13	15	12	12	14	14	13
Total Cost of Revenue	2.78	2.63	2.79	3.18	3.59	3.11	3.28	3.49	3.44	3.51
Operating Cost of Revenue	2.78	2.63	2.79	3.18	3.59	3.11	3.28	3.49	3.44	3.51
Total Operating Expenses	6.35	7.24	6.56	6.81	7.11	7.59	7.06	7.23	6.89	8.42
Selling, General & Admin Expense	3.92	4.55	3.91	4.10	3.92	4.70	4.13	4.23	3.96	4.57
Depreciation Expense	2.43	2.69	2.66	2.71	3.19	2.89	2.93	3.00	2.93	3.86
Total Other Income / (Expense), net	-0.47	-0.28	-0.45	-0.54	-0.32	-0.13	-0.33	-0.47	0.00	-0.71
Interest Expense	1.09	1.40	1.17	1.28	1.26	1.17	1.57	1.51	1.50	1.52
Interest & Investment Income	0.00	0.07	0.01	0.00	0.27	-0.22	0.45	0.50	0.24	-0.24
Other Income / (Expense), net	0.63	1.06	0.72	0.74	0.68	1.26	0.80	0.54	1.27	1.05
Income Tax Expense	0.61	0.13	0.87	0.73	0.89	0.39	0.25	0.60	1.06	0.16
Basic Earnings per Share	$0.07	$0.04	$0.10	$0.07	$0.11	$0.05	$0.03	$0.07	$0.12	$0.02
Weighted Average Basic Shares Outstanding	23.47M	23.17M	23.87M	23.96M	24.17M	24.04M	24.18M	24.20M	24.22M	24.20M
Diluted Earnings per Share	$0.07	$0.04	$0.10	$0.07	$0.11	$0.05	$0.03	$0.07	$0.12	$0.02
Weighted Average Diluted Shares Outstanding	23.60M	23.33M	24.03M	24.04M	24.23M	24.13M	24.30M	24.31M	24.30M	24.30M
Weighted Average Basic & Diluted Shares Outstanding	23.87M	23.87M	23.87M	24.17M	24.17M	24.18M	24.18M	24.22M	24.22M	24.23M
Cash Dividends to Common per Share	$0.07	$0.09	$0.07	$0.07	$0.07	$0.09	$0.08	$0.08	$0.08	$0.06

This table details how cash moves in and out of Global Water Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-5.88	-2.80	6.39
Net Cash From Operating Activities	23	25	22
Net Cash From Continuing Operating Activities	23	25	22
Net Income / (Loss) Continuing Operations	5.51	7.98	5.79
Consolidated Net Income / (Loss)	5.51	7.98	5.79
Depreciation Expense	9.89	11	13
Amortization Expense	0.23	0.32	0.38
Non-Cash Adjustments To Reconcile Net Income	1.64	1.26	1.34
Changes in Operating Assets and Liabilities, net	6.08	4.39	1.55
Net Cash From Investing Activities	-34	-29	-32
Net Cash From Continuing Investing Activities	-34	-29	-32
Purchase of Property, Plant & Equipment	-34	-22	-32
Acquisitions	-0.18	-6.25	-0.15
Other Investing Activities, net	-0.02	-0.04	-0.00
Net Cash From Financing Activities	4.97	0.41	17
Net Cash From Continuing Financing Activities	4.97	0.41	17
Repayment of Debt	-4.97	-3.87	-6.71
Payment of Dividends	-6.89	-7.19	-7.30
Issuance of Debt	0.26	2.58	22
Issuance of Common Equity	15	9.45	0.00
Other Financing Activities, net	1.76	-0.56	8.73

This table details how cash moves in and out of Global Water Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	9.87	-9.03	-4.51	1.30	3.31	-2.90	18	-3.18	2.38	-11
Net Cash From Operating Activities	7.86	3.60	6.48	6.17	10	2.73	8.07	5.50	2.23	5.99
Net Cash From Continuing Operating Activities	7.86	3.60	6.48	6.17	10	2.73	8.07	5.50	2.23	5.99
Net Income / (Loss) Continuing Operations	1.69	0.82	2.47	1.74	2.63	1.14	0.69	1.73	2.93	0.44
Consolidated Net Income / (Loss)	1.69	0.82	2.47	1.74	2.63	1.14	0.69	1.73	2.93	0.44
Depreciation Expense	2.43	2.69	2.66	2.71	3.19	2.89	2.93	3.00	2.93	3.86
Amortization Expense	0.09	0.09	0.12	0.09	0.03	0.08	0.11	0.15	0.04	0.09
Non-Cash Adjustments To Reconcile Net Income	0.30	0.77	0.29	-0.11	-0.27	1.34	0.29	-0.12	0.02	1.15
Changes in Operating Assets and Liabilities, net	3.36	-0.78	0.95	1.74	4.43	-2.73	4.04	0.75	-3.70	0.46
Net Cash From Investing Activities	-11	-8.76	-13	-7.15	-4.89	-3.77	-5.77	-6.45	-6.96	-13
Net Cash From Continuing Investing Activities	-11	-8.76	-13	-7.15	-4.89	-3.77	-5.77	-6.45	-6.96	-13
Purchase of Property, Plant & Equipment	-11	-8.66	-6.54	-7.15	-4.89	-3.73	-5.76	-6.45	-6.96	-13
Acquisitions	0.04	-0.10	-6.25	-	-	-	0.00	-	-	-0.15
Net Cash From Financing Activities	13	-3.87	1.79	2.29	-1.81	-1.86	16	-2.23	7.12	-3.60
Net Cash From Continuing Financing Activities	13	-3.87	1.79	2.29	-1.81	-1.86	16	-2.23	7.12	-3.60
Repayment of Debt	-0.86	-1.85	-5.13	-8.22	-9.59	19	-2.75	-1.88	-0.11	-1.97
Payment of Dividends	-1.73	-1.81	-1.78	-1.79	-1.80	-1.81	-1.82	-1.82	-1.82	-1.84
Issuance of Debt	-	0.26	8.50	9.95	2.84	-19	20	-	2.14	0.22
Other Financing Activities, net	0.36	-0.39	0.20	-0.40	6.74	-7.10	0.37	1.47	6.91	-0.01

This table presents Global Water Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	323	361	405
Total Current Assets	14	12	19
Cash & Equivalents	6.56	3.09	9.05
Accounts Receivable	2.14	3.39	3.23
Prepaid Expenses	2.44	2.49	4.08
Other Current Assets	2.56	2.76	3.11
Plant, Property, & Equipment, net	288	323	359
Plant, Property & Equipment, gross	412	466	513
Accumulated Depreciation	125	142	154
Total Noncurrent Assets	21	26	26
Goodwill	4.96	11	9.49
Intangible Assets	10	8.84	8.43
Other Noncurrent Operating Assets	5.09	4.71	6.27
Other Noncurrent Nonoperating Assets	1.00	1.68	2.11
Total Liabilities & Shareholders' Equity	323	361	405
Total Liabilities	279	312	358
Total Current Liabilities	16	14	22
Short-Term Debt	3.83	3.88	3.93
Accounts Payable	2.17	1.03	2.05
Accrued Expenses	8.06	7.13	14
Customer Deposits	1.68	1.63	1.61
Other Current Liabilities	0.51	0.55	0.87
Total Noncurrent Liabilities	262	298	335
Long-Term Debt	105	104	119
Asset Retirement Reserve & Litigation Obligation	6.37	6.08	5.39
Noncurrent Deferred Revenue	21	20	22
Noncurrent Deferred & Payable Income Tax Liabilities	5.95	8.28	9.70
Other Noncurrent Operating Liabilities	124	161	180
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	44	49	48
Total Preferred & Common Equity	44	49	48
Total Common Equity	44	49	48
Common Stock	44	48	48
Retained Earnings	0.00	0.80	0.00
Treasury Stock	-	-0.00	-0.00

This table presents Global Water Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	325	343	352	358	382	384	403
Total Current Assets	23	8.78	9.87	14	29	27	28
Cash & Equivalents	16	1.91	2.01	5.29	21	18	18
Note & Lease Receivable	0.44	0.21	0.25	0.57	0.52	0.60	0.67
Accounts Receivable	2.35	2.58	3.06	3.08	2.50	2.85	3.27
Prepaid Expenses	1.84	1.40	1.42	2.04	2.06	1.87	2.61
Other Current Assets	2.77	2.67	3.13	3.06	2.84	3.41	3.40
Plant, Property, & Equipment, net	281	307	314	318	327	332	347
Plant, Property & Equipment, gross	403	442	451	457	472	480	498
Accumulated Depreciation	122	135	137	139	145	148	151
Total Noncurrent Assets	22	27	28	27	27	26	28
Goodwill	5.08	11	11	11	11	9.49	9.49
Intangible Assets	10	10	10	8.77	8.84	8.57	8.57
Other Noncurrent Operating Assets	5.25	4.99	4.83	4.73	4.62	6.03	6.12
Other Noncurrent Nonoperating Assets	0.98	1.14	2.35	2.38	2.22	1.55	3.93
Total Liabilities & Shareholders' Equity	325	343	352	358	382	384	403
Total Liabilities	280	298	304	309	334	337	354
Total Current Liabilities	20	17	15	16	16	14	17
Short-Term Debt	3.83	3.83	3.88	3.88	3.88	3.88	3.93
Accounts Payable	4.05	1.69	0.38	0.66	0.61	1.13	1.28
Accrued Expenses	9.59	9.66	8.38	9.58	8.93	7.17	9.71
Customer Deposits	1.67	1.67	1.69	1.74	1.62	1.60	1.60
Other Current Liabilities	0.61	0.50	0.50	0.52	0.57	0.66	0.77
Total Noncurrent Liabilities	260	281	289	293	318	322	337
Long-Term Debt	107	108	110	103	121	119	120
Asset Retirement Reserve & Litigation Obligation	6.46	6.37	6.36	6.09	6.08	5.88	5.86
Noncurrent Deferred Revenue	21	19	19	20	20	20	20
Noncurrent Deferred & Payable Income Tax Liabilities	3.81	6.69	7.04	8.11	8.52	9.08	10
Other Noncurrent Operating Liabilities	122	140	146	156	163	168	180
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	45	45	48	49	48	48	49
Total Preferred & Common Equity	45	45	48	49	48	48	49
Total Common Equity	45	45	48	49	48	48	49
Common Stock	45	45	47	48	47	47	47
Retained Earnings	0.00	0.69	0.69	1.52	0.80	0.71	1.81
Other Equity Adjustments	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00

This table displays calculated financial ratios and metrics derived from Global Water Resources' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	6.71%	18.56%	-0.63%
EBITDA Growth	8.85%	29.16%	-4.84%
EBIT Growth	12.00%	40.87%	-17.02%
NOPAT Growth	26.31%	35.15%	-23.69%
Net Income Growth	52.56%	44.97%	-27.47%
EPS Growth	50.00%	37.50%	-27.27%
Operating Cash Flow Growth	14.47%	8.81%	-14.21%
Free Cash Flow Firm Growth	-669.28%	133.28%	-118.57%
Invested Capital Growth	12.74%	3.97%	4.95%
Revenue Q/Q Growth	1.80%	2.45%	1.70%
EBITDA Q/Q Growth	3.38%	3.12%	5.44%
EBIT Q/Q Growth	4.44%	4.21%	3.38%
NOPAT Q/Q Growth	2.12%	2.23%	-3.86%
Net Income Q/Q Growth	9.51%	4.16%	-10.79%
EPS Q/Q Growth	14.29%	3.13%	-11.11%
Operating Cash Flow Q/Q Growth	-6.24%	-3.30%	17.59%
Free Cash Flow Firm Q/Q Growth	-9.96%	642.24%	-113.08%
Invested Capital Q/Q Growth	4.66%	1.90%	5.14%
Profitability Metrics	-	-	-
Gross Margin	75.66%	76.11%	73.95%
EBITDA Margin	47.51%	51.76%	49.57%
Operating Margin	17.48%	23.17%	17.77%
EBIT Margin	24.89%	29.58%	24.70%
Profit (Net Income) Margin	12.31%	15.05%	10.99%
Tax Burden Percent	85.50%	73.54%	73.63%
Interest Burden Percent	57.84%	69.20%	60.41%
Effective Tax Rate	14.50%	26.46%	26.37%
Return on Invested Capital (ROIC)	4.87%	6.08%	4.44%
ROIC Less NNEP Spread (ROIC-NNEP)	3.69%	5.05%	3.41%
Return on Net Nonoperating Assets (RNNOA)	9.93%	11.08%	7.59%
Return on Equity (ROE)	14.80%	17.16%	12.03%
Cash Return on Invested Capital (CROIC)	-7.11%	2.19%	-0.39%
Operating Return on Assets (OROA)	3.61%	4.58%	3.40%
Return on Assets (ROA)	1.78%	2.33%	1.51%
Return on Common Equity (ROCE)	14.80%	17.16%	12.03%
Return on Equity Simple (ROE_SIMPLE)	12.40%	16.42%	12.16%
Net Operating Profit after Tax (NOPAT)	6.69	9.04	6.89
NOPAT Margin	14.95%	17.04%	13.09%
Net Nonoperating Expense Percent (NNEP)	1.18%	1.03%	1.03%
Return On Investment Capital (ROIC_SIMPLE)	-	5.79%	4.05%
Cost of Revenue to Revenue	24.34%	23.89%	26.05%
SG&A Expenses to Revenue	36.06%	31.37%	32.04%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	58.17%	52.94%	56.18%
Earnings before Interest and Taxes (EBIT)	11	16	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	27	26
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	6.85	6.32	5.83
Price to Tangible Book Value (P/TBV)	10.39	10.61	9.34
Price to Revenue (P/Rev)	6.80	5.80	5.26
Price to Earnings (P/E)	55.26	38.50	47.91
Dividend Yield	2.32%	2.34%	2.63%
Earnings Yield	1.81%	2.60%	2.09%
Enterprise Value to Invested Capital (EV/IC)	2.79	2.72	2.46
Enterprise Value to Revenue (EV/Rev)	9.09	7.77	7.42
Enterprise Value to EBITDA (EV/EBITDA)	19.13	15.00	14.96
Enterprise Value to EBIT (EV/EBIT)	36.51	26.25	30.02
Enterprise Value to NOPAT (EV/NOPAT)	60.81	45.57	56.67
Enterprise Value to Operating Cash Flow (EV/OCF)	17.42	16.22	17.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	126.62	0.00
Leverage & Solvency	-	-	-
Debt to Equity	2.45	2.21	2.57
Long-Term Debt to Equity	2.36	2.13	2.49
Financial Leverage	2.69	2.19	2.22
Leverage Ratio	8.29	7.36	7.96
Compound Leverage Factor	4.80	5.09	4.81
Debt to Total Capital	71.02%	68.86%	72.01%
Short-Term Debt to Total Capital	2.50%	2.48%	2.31%
Long-Term Debt to Total Capital	68.51%	66.38%	69.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	28.98%	31.14%	27.99%
Debt to EBITDA	5.12	3.92	4.69
Net Debt to EBITDA	4.81	3.81	4.34
Long-Term Debt to EBITDA	4.94	3.78	4.54
Debt to NOPAT	16.27	11.90	17.76
Net Debt to NOPAT	15.29	11.56	16.45
Long-Term Debt to NOPAT	15.70	11.47	17.19
Altman Z-Score	0.90	0.88	0.69
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.87	0.82	0.87
Quick Ratio	0.56	0.46	0.55
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-9.77	3.25	-0.60
Operating Cash Flow to CapEx	68.67%	113.81%	67.40%
Free Cash Flow to Firm to Interest Expense	-2.05	0.67	-0.10
Operating Cash Flow to Interest Expense	4.90	5.20	3.57
Operating Cash Flow Less CapEx to Interest Expense	-2.24	0.63	-1.73
Efficiency Ratios	-	-	-
Asset Turnover	0.14	0.16	0.14
Accounts Receivable Turnover	21.64	19.19	15.92
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.16	0.17	0.15
Accounts Payable Turnover	5.07	7.92	8.92
Days Sales Outstanding (DSO)	16.86	19.02	22.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	71.95	46.10	40.92
Cash Conversion Cycle (CCC)	-55.09	-27.08	-17.99
Capital & Investment Metrics	-	-	-
Invested Capital	146	151	159
Invested Capital Turnover	0.33	0.36	0.34
Increase / (Decrease) in Invested Capital	16	5.78	7.50
Enterprise Value (EV)	407	412	391
Market Capitalization	304	307	277
Book Value per Share	$1.86	$2.01	$1.97
Tangible Book Value per Share	$1.23	$1.20	$1.23
Total Capital	153	156	170
Total Debt	109	108	122
Total Long-Term Debt	105	104	119
Net Debt	102	104	113
Capital Expenditures (CapEx)	34	22	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.82	-1.70	-7.91
Debt-free Net Working Capital (DFNWC)	1.74	1.39	1.14
Net Working Capital (NWC)	-2.09	-2.49	-2.79
Net Nonoperating Expense (NNE)	1.18	1.05	1.11
Net Nonoperating Obligations (NNO)	101	103	111
Total Depreciation and Amortization (D&A)	10	12	13
Debt-free, Cash-free Net Working Capital to Revenue	-10.77%	-3.21%	-15.01%
Debt-free Net Working Capital to Revenue	3.89%	2.62%	2.16%
Net Working Capital to Revenue	-4.67%	-4.70%	-5.29%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.24	$0.33	$0.24
Adjusted Weighted Average Basic Shares Outstanding	23.17M	24.04M	24.20M
Adjusted Diluted Earnings per Share	$0.24	$0.33	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	23.33M	24.13M	24.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.87M	24.18M	24.23M
Normalized Net Operating Profit after Tax (NOPAT)	6.69	9.04	6.89
Normalized NOPAT Margin	14.95%	17.04%	13.09%
Pre Tax Income Margin	14.40%	20.47%	14.92%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.34	3.21	2.13
NOPAT to Interest Expense	1.40	1.85	1.13
EBIT Less CapEx to Interest Expense	-4.80	-1.36	-3.17
NOPAT Less CapEx to Interest Expense	-5.74	-2.72	-4.17
Payout Ratios	-	-	-
Dividend Payout Ratio	125.12%	90.02%	126.07%
Augmented Payout Ratio	125.12%	90.02%	126.07%

This table displays calculated financial ratios and metrics derived from Global Water Resources' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.29%	7.67%	30.90%	11.04%	22.19%	11.43%	-11.56%	3.92%	-1.45%	7.14%
EBITDA Growth	8.16%	15.88%	51.81%	19.46%	30.75%	16.39%	-29.80%	-1.09%	6.47%	6.96%
EBIT Growth	9.53%	26.00%	84.41%	24.39%	33.15%	27.66%	-54.12%	-11.12%	16.28%	-19.00%
NOPAT Growth	7.59%	35.79%	184.30%	-20.05%	41.40%	16.86%	-66.73%	-1.92%	1.88%	-22.60%
Net Income Growth	12.55%	138.15%	177.39%	-17.47%	56.23%	38.71%	-71.98%	-0.52%	11.05%	-61.24%
EPS Growth	0.00%	300.00%	150.00%	-22.22%	57.14%	25.00%	-70.00%	0.00%	9.09%	-60.00%
Operating Cash Flow Growth	-0.11%	-30.15%	20.72%	-5.13%	27.28%	-24.10%	24.43%	-10.82%	-77.77%	119.30%
Free Cash Flow Firm Growth	-311.37%	-451.00%	-227.39%	-241.80%	51.00%	70.50%	127.66%	141.10%	105.64%	-43.95%
Invested Capital Growth	12.48%	12.74%	18.40%	17.52%	6.78%	3.97%	-3.20%	-4.25%	1.72%	4.95%
Revenue Q/Q Growth	1.59%	-6.68%	18.28%	-0.98%	11.78%	-14.89%	-6.13%	16.37%	6.00%	-7.47%
EBITDA Q/Q Growth	7.87%	-14.18%	43.42%	-10.02%	18.06%	-23.61%	3.61%	26.77%	27.08%	-23.26%
EBIT Q/Q Growth	12.51%	-32.41%	96.07%	-16.58%	20.43%	-35.19%	6.23%	61.59%	57.56%	-54.86%
NOPAT Q/Q Growth	-23.44%	-47.68%	163.35%	-24.21%	35.41%	-56.76%	-25.02%	123.40%	40.65%	-67.15%
Net Income Q/Q Growth	-19.98%	-51.13%	199.27%	-29.48%	51.47%	-56.61%	-39.55%	150.36%	69.08%	-84.85%
EPS Q/Q Growth	-22.22%	-42.86%	150.00%	-30.00%	57.14%	-54.55%	-40.00%	133.33%	71.43%	-83.33%
Operating Cash Flow Q/Q Growth	20.86%	-54.24%	80.21%	-4.83%	62.16%	-72.71%	195.42%	-31.79%	-59.57%	169.17%
Free Cash Flow Firm Q/Q Growth	-114.41%	-14.86%	-37.92%	-0.63%	69.26%	30.85%	229.31%	49.51%	-95.78%	-1,864.64%
Invested Capital Q/Q Growth	3.76%	4.66%	6.19%	1.91%	-5.72%	1.90%	-1.13%	0.80%	0.17%	5.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.67%	76.31%	78.76%	75.53%	75.32%	74.84%	71.71%	74.20%	75.95%	73.49%
EBITDA Margin	49.68%	45.69%	55.40%	50.34%	53.17%	47.72%	43.98%	47.91%	57.44%	47.64%
Operating Margin	23.26%	11.06%	28.77%	23.15%	26.40%	13.44%	10.91%	20.70%	27.82%	9.93%
EBIT Margin	28.51%	20.65%	34.23%	28.84%	31.07%	23.66%	17.76%	24.66%	36.66%	17.89%
Profit (Net Income) Margin	14.18%	7.42%	18.78%	13.38%	18.13%	9.24%	5.95%	12.81%	20.42%	3.34%
Tax Burden Percent	73.37%	86.46%	74.03%	70.40%	74.79%	74.66%	73.43%	74.31%	73.38%	72.98%
Interest Burden Percent	67.77%	41.58%	74.12%	65.88%	78.01%	52.32%	45.64%	69.87%	75.92%	25.61%
Effective Tax Rate	26.63%	13.54%	25.97%	29.60%	25.21%	25.34%	26.57%	25.69%	26.62%	27.02%
Return on Invested Capital (ROIC)	5.71%	3.11%	7.14%	5.49%	7.11%	3.58%	2.71%	5.19%	7.06%	2.46%
ROIC Less NNEP Spread (ROIC-NNEP)	5.34%	2.88%	6.83%	5.14%	6.86%	3.49%	2.49%	4.86%	7.06%	1.98%
Return on Net Nonoperating Assets (RNNOA)	13.13%	7.75%	19.13%	14.09%	14.11%	7.65%	5.64%	10.82%	14.55%	4.40%
Return on Equity (ROE)	18.84%	10.86%	26.28%	19.58%	21.22%	11.23%	8.36%	16.01%	21.61%	6.86%
Cash Return on Invested Capital (CROIC)	-6.76%	-7.11%	-10.90%	-10.62%	-0.42%	2.19%	7.96%	8.96%	3.08%	-0.39%
Operating Return on Assets (OROA)	4.04%	2.99%	5.11%	4.31%	4.70%	3.67%	2.52%	3.49%	4.99%	2.46%
Return on Assets (ROA)	2.01%	1.08%	2.80%	2.00%	2.74%	1.43%	0.85%	1.81%	2.78%	0.46%
Return on Common Equity (ROCE)	18.84%	10.86%	26.28%	19.58%	21.22%	11.23%	8.36%	16.01%	21.61%	6.86%
Return on Equity Simple (ROE_SIMPLE)	11.16%	0.00%	15.61%	13.98%	15.61%	0.00%	13.02%	13.02%	13.29%	0.00%
Net Operating Profit after Tax (NOPAT)	2.03	1.06	2.80	2.12	2.87	1.24	0.93	2.08	2.92	0.96
NOPAT Margin	17.06%	9.57%	21.30%	16.30%	19.75%	10.03%	8.01%	15.39%	20.41%	7.25%
Net Nonoperating Expense Percent (NNEP)	0.37%	0.24%	0.31%	0.36%	0.24%	0.10%	0.23%	0.33%	0.00%	0.48%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	0.79%	-	-	-	0.56%
Cost of Revenue to Revenue	23.33%	23.69%	21.24%	24.47%	24.68%	25.16%	28.29%	25.80%	24.05%	26.51%
SG&A Expenses to Revenue	32.99%	41.00%	29.76%	31.57%	27.00%	38.02%	35.53%	31.32%	27.65%	34.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	53.41%	65.25%	49.98%	52.38%	48.91%	61.40%	60.80%	53.50%	48.13%	63.56%
Earnings before Interest and Taxes (EBIT)	3.39	2.29	4.49	3.75	4.52	2.93	2.06	3.33	5.25	2.37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.91	5.07	7.27	6.54	7.73	5.90	5.11	6.47	8.23	6.31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.93	6.85	6.31	6.12	4.68	6.32	6.44	6.12	6.23	5.83
Price to Tangible Book Value (P/TBV)	9.00	10.39	11.78	10.90	7.81	10.61	10.96	9.86	9.89	9.34
Price to Revenue (P/Rev)	6.08	6.80	5.99	5.99	4.43	5.80	5.97	5.60	5.87	5.26
Price to Earnings (P/E)	53.14	55.26	40.44	43.79	29.95	38.50	49.51	47.01	46.90	47.91
Dividend Yield	2.63%	2.32%	2.47%	2.41%	3.13%	2.34%	2.35%	2.49%	2.39%	2.63%
Earnings Yield	1.88%	1.81%	2.47%	2.28%	3.34%	2.60%	2.02%	2.13%	2.13%	2.09%
Enterprise Value to Invested Capital (EV/IC)	2.60	2.79	2.57	2.58	2.23	2.72	2.75	2.63	2.72	2.46
Enterprise Value to Revenue (EV/Rev)	8.25	9.09	8.30	8.26	6.40	7.77	7.99	7.62	7.92	7.42
Enterprise Value to EBITDA (EV/EBITDA)	17.63	19.13	16.72	16.37	12.45	15.00	16.91	16.32	16.57	14.96
Enterprise Value to EBIT (EV/EBIT)	33.98	36.51	30.08	29.15	22.02	26.25	33.53	33.42	32.61	30.02
Enterprise Value to NOPAT (EV/NOPAT)	55.34	60.81	46.75	50.76	37.49	45.57	57.40	55.62	57.24	56.67
Enterprise Value to Operating Cash Flow (EV/OCF)	14.56	17.42	16.23	16.83	12.62	16.22	15.25	15.06	22.16	17.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	126.62	33.97	28.65	88.89	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.46	2.45	2.47	2.37	2.18	2.21	2.62	2.58	2.55	2.57
Long-Term Debt to Equity	2.37	2.36	2.39	2.29	2.10	2.13	2.54	2.50	2.47	2.49
Financial Leverage	2.46	2.69	2.80	2.74	2.06	2.19	2.27	2.23	2.06	2.22
Leverage Ratio	8.17	8.29	8.54	8.44	7.26	7.36	7.79	7.70	7.78	7.96
Compound Leverage Factor	5.54	3.45	6.33	5.56	5.67	3.85	3.56	5.38	5.90	2.04
Debt to Total Capital	71.08%	71.02%	71.22%	70.34%	68.59%	68.86%	72.36%	72.08%	71.80%	72.01%
Short-Term Debt to Total Capital	2.46%	2.50%	2.43%	2.39%	2.48%	2.48%	2.25%	2.28%	2.27%	2.31%
Long-Term Debt to Total Capital	68.62%	68.51%	68.79%	67.95%	66.10%	66.38%	70.11%	69.81%	69.53%	69.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	28.92%	28.98%	28.78%	29.66%	31.41%	31.14%	27.64%	27.92%	28.20%	27.99%
Debt to EBITDA	5.39	5.12	4.73	4.59	4.03	3.92	5.13	5.07	5.02	4.69
Net Debt to EBITDA	4.63	4.81	4.65	4.51	3.83	3.81	4.28	4.32	4.29	4.34
Long-Term Debt to EBITDA	5.20	4.94	4.57	4.44	3.88	3.78	4.97	4.91	4.86	4.54
Debt to NOPAT	16.91	16.27	13.23	14.24	12.12	11.90	17.42	17.26	17.34	17.76
Net Debt to NOPAT	14.52	15.29	13.00	13.99	11.53	11.56	14.54	14.72	14.81	16.45
Long-Term Debt to NOPAT	16.32	15.70	12.78	13.76	11.68	11.47	16.87	16.72	16.79	17.19
Altman Z-Score	0.75	0.81	0.73	0.74	0.63	0.76	0.75	0.72	0.73	0.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.16	0.87	0.51	0.67	0.86	0.82	1.83	1.86	1.63	0.87
Quick Ratio	0.93	0.56	0.27	0.36	0.55	0.46	1.52	1.50	1.28	0.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-13	-15	-21	-21	-6.57	-4.54	5.87	8.78	0.37	-6.54
Operating Cash Flow to CapEx	73.57%	41.55%	99.14%	86.27%	204.85%	73.14%	140.05%	85.37%	31.95%	45.53%
Free Cash Flow to Firm to Interest Expense	-12.26	-10.97	-18.18	-16.68	-5.21	-3.87	3.75	5.83	0.25	-4.30
Operating Cash Flow to Interest Expense	7.19	2.56	5.55	4.82	7.94	2.33	5.15	3.65	1.48	3.94
Operating Cash Flow Less CapEx to Interest Expense	-2.58	-3.61	-0.05	-0.77	4.07	-0.86	1.47	-0.63	-3.15	-4.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.14	0.15	0.15	0.15	0.16	0.14	0.14	0.14	0.14
Accounts Receivable Turnover	12.61	21.64	21.21	18.20	19.08	19.19	20.28	17.61	16.32	15.92
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.17	0.16	0.17	0.17	0.17	0.17	0.16	0.16	0.16	0.15
Accounts Payable Turnover	4.82	5.07	9.72	12.80	5.17	7.92	11.45	17.83	13.70	8.92
Days Sales Outstanding (DSO)	28.94	16.86	17.21	20.06	19.13	19.02	18.00	20.73	22.36	22.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	75.73	71.95	37.57	28.51	70.55	46.10	31.87	20.48	26.64	40.92
Cash Conversion Cycle (CCC)	-46.79	-55.09	-20.36	-8.46	-51.42	-27.08	-13.87	0.26	-4.28	-17.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	139	146	155	158	149	151	150	151	151	159
Invested Capital Turnover	0.33	0.33	0.34	0.34	0.36	0.36	0.34	0.34	0.35	0.34
Increase / (Decrease) in Invested Capital	15	16	24	23	9.44	5.78	-4.94	-6.70	2.55	7.50
Enterprise Value (EV)	362	407	397	406	331	412	412	396	411	391
Market Capitalization	267	304	286	294	229	307	307	291	304	277
Book Value per Share	$1.89	$1.86	$1.90	$2.01	$2.03	$2.01	$1.97	$1.97	$2.02	$1.97
Tangible Book Value per Share	$1.24	$1.23	$1.02	$1.13	$1.22	$1.20	$1.16	$1.22	$1.27	$1.23
Total Capital	156	153	158	162	156	156	173	171	173	170
Total Debt	111	109	112	114	107	108	125	123	124	122
Total Long-Term Debt	107	105	108	110	103	104	121	119	120	119
Net Debt	95	102	110	112	102	104	104	105	106	113
Capital Expenditures (CapEx)	11	8.66	6.54	7.15	4.89	3.73	5.76	6.45	6.96	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.53	-4.82	-6.65	-3.09	-3.76	-1.70	-3.81	-1.82	-3.41	-7.91
Debt-free Net Working Capital (DFNWC)	7.09	1.74	-4.74	-1.08	1.53	1.39	17	16	15	1.14
Net Working Capital (NWC)	3.25	-2.09	-8.57	-4.96	-2.35	-2.49	13	12	11	-2.79
Net Nonoperating Expense (NNE)	0.34	0.24	0.33	0.38	0.24	0.10	0.24	0.35	-0.00	0.52
Net Nonoperating Obligations (NNO)	94	101	109	110	99	103	102	103	102	111
Total Depreciation and Amortization (D&A)	2.52	2.78	2.78	2.80	3.21	2.98	3.04	3.14	2.98	3.94
Debt-free, Cash-free Net Working Capital to Revenue	-19.41%	-10.77%	-13.90%	-6.28%	-7.27%	-3.21%	-7.40%	-3.50%	-6.57%	-15.01%
Debt-free Net Working Capital to Revenue	16.13%	3.89%	-9.91%	-2.20%	2.95%	2.62%	32.70%	31.39%	28.45%	2.16%
Net Working Capital to Revenue	7.40%	-4.67%	-17.93%	-10.09%	-4.55%	-4.70%	25.17%	23.93%	20.86%	-5.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	$0.04	$0.10	$0.07	$0.11	$0.05	$0.03	$0.07	$0.12	$0.02
Adjusted Weighted Average Basic Shares Outstanding	23.47M	23.17M	23.87M	23.96M	24.17M	24.04M	24.18M	24.20M	24.22M	24.20M
Adjusted Diluted Earnings per Share	$0.07	$0.04	$0.10	$0.07	$0.11	$0.05	$0.03	$0.07	$0.12	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	23.60M	23.33M	24.03M	24.04M	24.23M	24.13M	24.30M	24.31M	24.30M	24.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.87M	23.87M	23.87M	24.17M	24.17M	24.18M	24.18M	24.22M	24.22M	24.23M
Normalized Net Operating Profit after Tax (NOPAT)	2.03	1.06	2.80	2.12	2.87	1.24	0.93	2.08	2.92	0.96
Normalized NOPAT Margin	17.06%	9.57%	21.30%	16.30%	19.75%	10.03%	8.01%	15.39%	20.41%	7.25%
Pre Tax Income Margin	19.32%	8.59%	25.37%	19.00%	24.24%	12.38%	8.11%	17.23%	27.83%	4.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.10	1.63	3.85	2.93	3.58	2.49	1.32	2.21	3.49	1.56
NOPAT to Interest Expense	1.86	0.76	2.39	1.65	2.28	1.06	0.59	1.38	1.94	0.63
EBIT Less CapEx to Interest Expense	-6.67	-4.54	-1.75	-2.66	-0.29	-0.69	-2.36	-2.07	-1.14	-7.09
NOPAT Less CapEx to Interest Expense	-7.92	-5.41	-3.21	-3.93	-1.60	-2.13	-3.08	-2.90	-2.69	-8.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	133.93%	125.12%	98.80%	106.00%	93.78%	90.02%	116.40%	117.02%	112.11%	126.07%
Augmented Payout Ratio	133.93%	125.12%	98.80%	106.00%	93.78%	90.02%	116.40%	117.02%	112.11%	126.07%

Frequently Asked Questions About Global Water Resources' Financials

When does Global Water Resources's fiscal year end?

According to the most recent income statement we have on file, Global Water Resources' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Global Water Resources' net income changed over the last 2 years?

Global Water Resources' net income appears to be on an upward trend, with a most recent value of $5.79 million in 2024, rising from $5.51 million in 2022. The previous period was $7.98 million in 2023.

What is Global Water Resources's operating income?

Global Water Resources's total operating income in 2024 was $9.36 million, based on the following breakdown:

Total Gross Profit: $38.97 million
Total Operating Expenses: $29.60 million

How has Global Water Resources revenue changed over the last 2 years?

Over the last 2 years, Global Water Resources' total revenue changed from $44.73 million in 2022 to $52.69 million in 2024, a change of 17.8%.

How much debt does Global Water Resources have?

Global Water Resources' total liabilities were at $357.53 million at the end of 2024, a 14.4% increase from 2023, and a 28.3% increase since 2022.

How much cash does Global Water Resources have?

In the past 2 years, Global Water Resources' cash and equivalents has ranged from $3.09 million in 2023 to $9.05 million in 2024, and is currently $9.05 million as of their latest financial filing in 2024.

How has Global Water Resources' book value per share changed over the last 2 years?

Over the last 2 years, Global Water Resources' book value per share changed from 1.86 in 2022 to 1.97 in 2024, a change of 5.7%.

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This page (NASDAQ:GWRS) was last updated on 4/15/2025 by MarketBeat.com Staff

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Global Water Resources (GWRS) Financials

Frequently Asked Questions About Global Water Resources' Financials

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Global Water Resources (GWRS) Financials

Annual Income Statements for Global Water Resources

Quarterly Income Statements for Global Water Resources

Annual Cash Flow Statements for Global Water Resources

Quarterly Cash Flow Statements for Global Water Resources

Annual Balance Sheets for Global Water Resources

Quarterly Balance Sheets for Global Water Resources

Annual Metrics and Ratios for Global Water Resources

Quarterly Metrics and Ratios for Global Water Resources

Frequently Asked Questions About Global Water Resources' Financials

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