Global Water Resources (GWRS) Financials

$10.35 +0.13 (+1.27%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$10.55 +0.20 (+1.93%)

As of 05/23/2025 07:34 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	5.79	7.98	5.51
Consolidated Net Income / (Loss)	5.79	7.98	5.51
Net Income / (Loss) Continuing Operations	5.79	7.98	5.51
Total Pre-Tax Income	7.86	11	6.44
Total Operating Income	9.36	12	7.82
Total Gross Profit	39	40	34
Total Revenue	53	53	45
Operating Revenue	53	53	45
Total Cost of Revenue	14	13	11
Operating Cost of Revenue	14	13	11
Total Operating Expenses	30	28	26
Selling, General & Admin Expense	17	17	16
Depreciation Expense	13	11	9.89
Total Other Income / (Expense), net	-1.50	-1.43	-1.38
Interest Expense	6.10	4.88	4.76
Interest & Investment Income	0.95	0.05	0.07
Other Income / (Expense), net	3.65	3.40	3.32
Income Tax Expense	2.07	2.87	0.93
Basic Earnings per Share	$0.24	$0.33	$0.24
Weighted Average Basic Shares Outstanding	24.20M	24.04M	23.17M
Diluted Earnings per Share	$0.24	$0.33	$0.24
Weighted Average Diluted Shares Outstanding	24.30M	24.13M	23.33M
Weighted Average Basic & Diluted Shares Outstanding	24.23M	24.18M	23.87M
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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	0.44	2.93	1.73	0.69	1.14	2.63	1.74	2.47	0.82	1.69
Consolidated Net Income / (Loss)	0.44	2.93	1.73	0.69	1.14	2.63	1.74	2.47	0.82	1.69
Net Income / (Loss) Continuing Operations	0.44	2.93	1.73	0.69	1.14	2.63	1.74	2.47	0.82	1.69
Total Pre-Tax Income	0.61	3.99	2.33	0.94	1.53	3.52	2.47	3.33	0.95	2.30
Total Operating Income	1.32	3.98	2.80	1.27	1.66	3.84	3.01	3.78	1.23	2.77
Total Gross Profit	9.74	11	10	8.33	9.26	11	9.82	10	8.47	9.12
Total Revenue	13	14	14	12	12	15	13	13	11	12
Operating Revenue	13	14	14	12	12	15	13	13	11	12
Total Cost of Revenue	3.51	3.44	3.49	3.28	3.11	3.59	3.18	2.79	2.63	2.78
Operating Cost of Revenue	3.51	3.44	3.49	3.28	3.11	3.59	3.18	2.79	2.63	2.78
Total Operating Expenses	8.42	6.89	7.23	7.06	7.59	7.11	6.81	6.56	7.24	6.35
Selling, General & Admin Expense	4.57	3.96	4.23	4.13	4.70	3.92	4.10	3.91	4.55	3.92
Depreciation Expense	3.86	2.93	3.00	2.93	2.89	3.19	2.71	2.66	2.69	2.43
Total Other Income / (Expense), net	-0.71	0.00	-0.47	-0.33	-0.13	-0.32	-0.54	-0.45	-0.28	-0.47
Interest Expense	1.52	1.50	1.51	1.57	1.17	1.26	1.28	1.17	1.40	1.09
Interest & Investment Income	-0.24	0.24	0.50	0.45	-0.22	0.27	0.00	0.01	0.07	0.00
Other Income / (Expense), net	1.05	1.27	0.54	0.80	1.26	0.68	0.74	0.72	1.06	0.63
Income Tax Expense	0.16	1.06	0.60	0.25	0.39	0.89	0.73	0.87	0.13	0.61
Basic Earnings per Share	$0.02	$0.12	$0.07	$0.03	$0.05	$0.11	$0.07	$0.10	$0.04	$0.07
Weighted Average Basic Shares Outstanding	24.20M	24.22M	24.20M	24.18M	24.04M	24.17M	23.96M	23.87M	23.17M	23.47M
Diluted Earnings per Share	$0.02	$0.12	$0.07	$0.03	$0.05	$0.11	$0.07	$0.10	$0.04	$0.07
Weighted Average Diluted Shares Outstanding	24.30M	24.30M	24.31M	24.30M	24.13M	24.23M	24.04M	24.03M	23.33M	23.60M
Weighted Average Basic & Diluted Shares Outstanding	24.23M	24.22M	24.22M	24.18M	24.18M	24.17M	24.17M	23.87M	23.87M	23.87M
Cash Dividends to Common per Share	$0.06	$0.08	$0.08	$0.08	$0.09	$0.07	$0.07	$0.07	$0.09	$0.07

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	6.39	-2.80	-5.88
Net Cash From Operating Activities	22	25	23
Net Cash From Continuing Operating Activities	22	25	23
Net Income / (Loss) Continuing Operations	5.79	7.98	5.51
Consolidated Net Income / (Loss)	5.79	7.98	5.51
Depreciation Expense	13	11	9.89
Amortization Expense	0.38	0.32	0.23
Non-Cash Adjustments To Reconcile Net Income	1.34	1.26	1.64
Changes in Operating Assets and Liabilities, net	1.55	4.39	6.08
Net Cash From Investing Activities	-32	-29	-34
Net Cash From Continuing Investing Activities	-32	-29	-34
Purchase of Property, Plant & Equipment	-32	-22	-34
Acquisitions	-0.15	-6.25	-0.18
Other Investing Activities, net	-0.00	-0.04	-0.02
Net Cash From Financing Activities	17	0.41	4.97
Net Cash From Continuing Financing Activities	17	0.41	4.97
Repayment of Debt	-6.71	-3.87	-4.97
Payment of Dividends	-7.30	-7.19	-6.89
Issuance of Debt	22	2.58	0.26
Issuance of Common Equity	0.00	9.45	15
Other Financing Activities, net	8.73	-0.56	1.76

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-11	2.38	-3.18	18	-2.90	3.31	1.30	-4.51	-9.03	9.87
Net Cash From Operating Activities	5.99	2.23	5.50	8.07	2.73	10	6.17	6.48	3.60	7.86
Net Cash From Continuing Operating Activities	5.99	2.23	5.50	8.07	2.73	10	6.17	6.48	3.60	7.86
Net Income / (Loss) Continuing Operations	0.44	2.93	1.73	0.69	1.14	2.63	1.74	2.47	0.82	1.69
Consolidated Net Income / (Loss)	0.44	2.93	1.73	0.69	1.14	2.63	1.74	2.47	0.82	1.69
Depreciation Expense	3.86	2.93	3.00	2.93	2.89	3.19	2.71	2.66	2.69	2.43
Amortization Expense	0.09	0.04	0.15	0.11	0.08	0.03	0.09	0.12	0.09	0.09
Non-Cash Adjustments To Reconcile Net Income	1.15	0.02	-0.12	0.29	1.34	-0.27	-0.11	0.29	0.77	0.30
Changes in Operating Assets and Liabilities, net	0.46	-3.70	0.75	4.04	-2.73	4.43	1.74	0.95	-0.78	3.36
Net Cash From Investing Activities	-13	-6.96	-6.45	-5.77	-3.77	-4.89	-7.15	-13	-8.76	-11
Net Cash From Continuing Investing Activities	-13	-6.96	-6.45	-5.77	-3.77	-4.89	-7.15	-13	-8.76	-11
Purchase of Property, Plant & Equipment	-13	-6.96	-6.45	-5.76	-3.73	-4.89	-7.15	-6.54	-8.66	-11
Acquisitions	-0.15	-	-	0.00	-	-	-	-6.25	-0.10	0.04
Net Cash From Financing Activities	-3.60	7.12	-2.23	16	-1.86	-1.81	2.29	1.79	-3.87	13
Net Cash From Continuing Financing Activities	-3.60	7.12	-2.23	16	-1.86	-1.81	2.29	1.79	-3.87	13
Repayment of Debt	-1.97	-0.11	-1.88	-2.75	19	-9.59	-8.22	-5.13	-1.85	-0.86
Payment of Dividends	-1.84	-1.82	-1.82	-1.82	-1.81	-1.80	-1.79	-1.78	-1.81	-1.73
Issuance of Debt	0.22	2.14	-	20	-19	2.84	9.95	8.50	0.26	-
Other Financing Activities, net	-0.01	6.91	1.47	0.37	-7.10	6.74	-0.40	0.20	-0.39	0.36

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	405	361	323
Total Current Assets	19	12	14
Cash & Equivalents	9.05	3.09	6.56
Accounts Receivable	3.23	3.39	2.14
Prepaid Expenses	4.08	2.49	2.44
Other Current Assets	3.11	2.76	2.56
Plant, Property, & Equipment, net	359	323	288
Plant, Property & Equipment, gross	513	466	412
Accumulated Depreciation	154	142	125
Total Noncurrent Assets	26	26	21
Goodwill	9.49	11	4.96
Intangible Assets	8.43	8.84	10
Other Noncurrent Operating Assets	6.27	4.71	5.09
Other Noncurrent Nonoperating Assets	2.11	1.68	1.00
Total Liabilities & Shareholders' Equity	405	361	323
Total Liabilities	358	312	279
Total Current Liabilities	22	14	16
Short-Term Debt	3.93	3.88	3.83
Accounts Payable	2.05	1.03	2.17
Accrued Expenses	14	7.13	8.06
Customer Deposits	1.61	1.63	1.68
Other Current Liabilities	0.87	0.55	0.51
Total Noncurrent Liabilities	335	298	262
Long-Term Debt	119	104	105
Asset Retirement Reserve & Litigation Obligation	5.39	6.08	6.37
Noncurrent Deferred Revenue	22	20	21
Noncurrent Deferred & Payable Income Tax Liabilities	9.70	8.28	5.95
Other Noncurrent Operating Liabilities	180	161	124
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	48	49	44
Total Preferred & Common Equity	48	49	44
Total Common Equity	48	49	44
Common Stock	48	48	44
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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	403	384	382	358	352	343	325
Total Current Assets	28	27	29	14	9.87	8.78	23
Cash & Equivalents	18	18	21	5.29	2.01	1.91	16
Note & Lease Receivable	0.67	0.60	0.52	0.57	0.25	0.21	0.44
Accounts Receivable	3.27	2.85	2.50	3.08	3.06	2.58	2.35
Prepaid Expenses	2.61	1.87	2.06	2.04	1.42	1.40	1.84
Other Current Assets	3.40	3.41	2.84	3.06	3.13	2.67	2.77
Plant, Property, & Equipment, net	347	332	327	318	314	307	281
Plant, Property & Equipment, gross	498	480	472	457	451	442	403
Accumulated Depreciation	151	148	145	139	137	135	122
Total Noncurrent Assets	28	26	27	27	28	27	22
Goodwill	9.49	9.49	11	11	11	11	5.08
Intangible Assets	8.57	8.57	8.84	8.77	10	10	10
Other Noncurrent Operating Assets	6.12	6.03	4.62	4.73	4.83	4.99	5.25
Other Noncurrent Nonoperating Assets	3.93	1.55	2.22	2.38	2.35	1.14	0.98
Total Liabilities & Shareholders' Equity	403	384	382	358	352	343	325
Total Liabilities	354	337	334	309	304	298	280
Total Current Liabilities	17	14	16	16	15	17	20
Short-Term Debt	3.93	3.88	3.88	3.88	3.88	3.83	3.83
Accounts Payable	1.28	1.13	0.61	0.66	0.38	1.69	4.05
Accrued Expenses	9.71	7.17	8.93	9.58	8.38	9.66	9.59
Customer Deposits	1.60	1.60	1.62	1.74	1.69	1.67	1.67
Other Current Liabilities	0.77	0.66	0.57	0.52	0.50	0.50	0.61
Total Noncurrent Liabilities	337	322	318	293	289	281	260
Long-Term Debt	120	119	121	103	110	108	107
Asset Retirement Reserve & Litigation Obligation	5.86	5.88	6.08	6.09	6.36	6.37	6.46
Noncurrent Deferred Revenue	20	20	20	20	19	19	21
Noncurrent Deferred & Payable Income Tax Liabilities	10	9.08	8.52	8.11	7.04	6.69	3.81
Other Noncurrent Operating Liabilities	180	168	163	156	146	140	122
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	49	48	48	49	48	45	45
Total Preferred & Common Equity	49	48	48	49	48	45	45
Total Common Equity	49	48	48	49	48	45	45
Common Stock	47	47	47	48	47	45	45
Retained Earnings	1.81	0.71	0.80	1.52	0.69	0.69	0.00
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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-0.63%	18.56%	6.71%
EBITDA Growth	-4.84%	29.16%	8.85%
EBIT Growth	-17.02%	40.87%	12.00%
NOPAT Growth	-23.69%	35.15%	26.31%
Net Income Growth	-27.47%	44.97%	52.56%
EPS Growth	-27.27%	37.50%	50.00%
Operating Cash Flow Growth	-14.21%	8.81%	14.47%
Free Cash Flow Firm Growth	-118.57%	133.28%	-669.28%
Invested Capital Growth	4.95%	3.97%	12.74%
Revenue Q/Q Growth	1.70%	2.45%	1.80%
EBITDA Q/Q Growth	5.44%	3.12%	3.38%
EBIT Q/Q Growth	3.38%	4.21%	4.44%
NOPAT Q/Q Growth	-3.86%	2.23%	2.12%
Net Income Q/Q Growth	-10.79%	4.16%	9.51%
EPS Q/Q Growth	-11.11%	3.13%	14.29%
Operating Cash Flow Q/Q Growth	17.59%	-3.30%	-6.24%
Free Cash Flow Firm Q/Q Growth	-113.08%	642.24%	-9.96%
Invested Capital Q/Q Growth	5.14%	1.90%	4.66%
Profitability Metrics	-	-	-
Gross Margin	73.95%	76.11%	75.66%
EBITDA Margin	49.57%	51.76%	47.51%
Operating Margin	17.77%	23.17%	17.48%
EBIT Margin	24.70%	29.58%	24.89%
Profit (Net Income) Margin	10.99%	15.05%	12.31%
Tax Burden Percent	73.63%	73.54%	85.50%
Interest Burden Percent	60.41%	69.20%	57.84%
Effective Tax Rate	26.37%	26.46%	14.50%
Return on Invested Capital (ROIC)	4.44%	6.08%	4.87%
ROIC Less NNEP Spread (ROIC-NNEP)	3.41%	5.05%	3.69%
Return on Net Nonoperating Assets (RNNOA)	7.59%	11.08%	9.93%
Return on Equity (ROE)	12.03%	17.16%	14.80%
Cash Return on Invested Capital (CROIC)	-0.39%	2.19%	-7.11%
Operating Return on Assets (OROA)	3.40%	4.58%	3.61%
Return on Assets (ROA)	1.51%	2.33%	1.78%
Return on Common Equity (ROCE)	12.03%	17.16%	14.80%
Return on Equity Simple (ROE_SIMPLE)	12.16%	16.42%	12.40%
Net Operating Profit after Tax (NOPAT)	6.89	9.04	6.69
NOPAT Margin	13.09%	17.04%	14.95%
Net Nonoperating Expense Percent (NNEP)	1.03%	1.03%	1.18%
Return On Investment Capital (ROIC_SIMPLE)	4.05%	5.79%	-
Cost of Revenue to Revenue	26.05%	23.89%	24.34%
SG&A Expenses to Revenue	32.04%	31.37%	36.06%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	56.18%	52.94%	58.17%
Earnings before Interest and Taxes (EBIT)	13	16	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	26	27	21
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	5.83	6.32	6.85
Price to Tangible Book Value (P/TBV)	9.34	10.61	10.39
Price to Revenue (P/Rev)	5.26	5.80	6.80
Price to Earnings (P/E)	47.91	38.50	55.26
Dividend Yield	2.63%	2.34%	2.32%
Earnings Yield	2.09%	2.60%	1.81%
Enterprise Value to Invested Capital (EV/IC)	2.46	2.72	2.79
Enterprise Value to Revenue (EV/Rev)	7.42	7.77	9.09
Enterprise Value to EBITDA (EV/EBITDA)	14.96	15.00	19.13
Enterprise Value to EBIT (EV/EBIT)	30.02	26.25	36.51
Enterprise Value to NOPAT (EV/NOPAT)	56.67	45.57	60.81
Enterprise Value to Operating Cash Flow (EV/OCF)	17.94	16.22	17.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	126.62	0.00
Leverage & Solvency	-	-	-
Debt to Equity	2.57	2.21	2.45
Long-Term Debt to Equity	2.49	2.13	2.36
Financial Leverage	2.22	2.19	2.69
Leverage Ratio	7.96	7.36	8.29
Compound Leverage Factor	4.81	5.09	4.80
Debt to Total Capital	72.01%	68.86%	71.02%
Short-Term Debt to Total Capital	2.31%	2.48%	2.50%
Long-Term Debt to Total Capital	69.70%	66.38%	68.51%
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	27.99%	31.14%	28.98%
Debt to EBITDA	4.69	3.92	5.12
Net Debt to EBITDA	4.34	3.81	4.81
Long-Term Debt to EBITDA	4.54	3.78	4.94
Debt to NOPAT	17.76	11.90	16.27
Net Debt to NOPAT	16.45	11.56	15.29
Long-Term Debt to NOPAT	17.19	11.47	15.70
Altman Z-Score	0.69	0.88	0.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.87	0.82	0.87
Quick Ratio	0.55	0.46	0.56
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-0.60	3.25	-9.77
Operating Cash Flow to CapEx	67.40%	113.81%	68.67%
Free Cash Flow to Firm to Interest Expense	-0.10	0.67	-2.05
Operating Cash Flow to Interest Expense	3.57	5.20	4.90
Operating Cash Flow Less CapEx to Interest Expense	-1.73	0.63	-2.24
Efficiency Ratios	-	-	-
Asset Turnover	0.14	0.16	0.14
Accounts Receivable Turnover	15.92	19.19	21.64
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.15	0.17	0.16
Accounts Payable Turnover	8.92	7.92	5.07
Days Sales Outstanding (DSO)	22.93	19.02	16.86
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	40.92	46.10	71.95
Cash Conversion Cycle (CCC)	-17.99	-27.08	-55.09
Capital & Investment Metrics	-	-	-
Invested Capital	159	151	146
Invested Capital Turnover	0.34	0.36	0.33
Increase / (Decrease) in Invested Capital	7.50	5.78	16
Enterprise Value (EV)	391	412	407
Market Capitalization	277	307	304
Book Value per Share	$1.97	$2.01	$1.86
Tangible Book Value per Share	$1.23	$1.20	$1.23
Total Capital	170	156	153
Total Debt	122	108	109
Total Long-Term Debt	119	104	105
Net Debt	113	104	102
Capital Expenditures (CapEx)	32	22	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7.91	-1.70	-4.82
Debt-free Net Working Capital (DFNWC)	1.14	1.39	1.74
Net Working Capital (NWC)	-2.79	-2.49	-2.09
Net Nonoperating Expense (NNE)	1.11	1.05	1.18
Net Nonoperating Obligations (NNO)	111	103	101
Total Depreciation and Amortization (D&A)	13	12	10
Debt-free, Cash-free Net Working Capital to Revenue	-15.01%	-3.21%	-10.77%
Debt-free Net Working Capital to Revenue	2.16%	2.62%	3.89%
Net Working Capital to Revenue	-5.29%	-4.70%	-4.67%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.24	$0.33	$0.24
Adjusted Weighted Average Basic Shares Outstanding	24.20M	24.04M	23.17M
Adjusted Diluted Earnings per Share	$0.24	$0.33	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	24.30M	24.13M	23.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.23M	24.18M	23.87M
Normalized Net Operating Profit after Tax (NOPAT)	6.89	9.04	6.69
Normalized NOPAT Margin	13.09%	17.04%	14.95%
Pre Tax Income Margin	14.92%	20.47%	14.40%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.13	3.21	2.34
NOPAT to Interest Expense	1.13	1.85	1.40
EBIT Less CapEx to Interest Expense	-3.17	-1.36	-4.80
NOPAT Less CapEx to Interest Expense	-4.17	-2.72	-5.74
Payout Ratios	-	-	-
Dividend Payout Ratio	126.07%	90.02%	125.12%
Augmented Payout Ratio	126.07%	90.02%	125.12%

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.14%	-1.45%	3.92%	-11.56%	11.43%	22.19%	11.04%	30.90%	7.67%	4.29%
EBITDA Growth	6.96%	6.47%	-1.09%	-29.80%	16.39%	30.75%	19.46%	51.81%	15.88%	8.16%
EBIT Growth	-19.00%	16.28%	-11.12%	-54.12%	27.66%	33.15%	24.39%	84.41%	26.00%	9.53%
NOPAT Growth	-22.60%	1.88%	-1.92%	-66.73%	16.86%	41.40%	-20.05%	184.30%	35.79%	7.59%
Net Income Growth	-61.24%	11.05%	-0.52%	-71.98%	38.71%	56.23%	-17.47%	177.39%	138.15%	12.55%
EPS Growth	-60.00%	9.09%	0.00%	-70.00%	25.00%	57.14%	-22.22%	150.00%	300.00%	0.00%
Operating Cash Flow Growth	119.30%	-77.77%	-10.82%	24.43%	-24.10%	27.28%	-5.13%	20.72%	-30.15%	-0.11%
Free Cash Flow Firm Growth	-43.95%	105.64%	141.10%	127.66%	70.50%	51.00%	-241.80%	-227.39%	-451.00%	-311.37%
Invested Capital Growth	4.95%	1.72%	-4.25%	-3.20%	3.97%	6.78%	17.52%	18.40%	12.74%	12.48%
Revenue Q/Q Growth	-7.47%	6.00%	16.37%	-6.13%	-14.89%	11.78%	-0.98%	18.28%	-6.68%	1.59%
EBITDA Q/Q Growth	-23.26%	27.08%	26.77%	3.61%	-23.61%	18.06%	-10.02%	43.42%	-14.18%	7.87%
EBIT Q/Q Growth	-54.86%	57.56%	61.59%	6.23%	-35.19%	20.43%	-16.58%	96.07%	-32.41%	12.51%
NOPAT Q/Q Growth	-67.15%	40.65%	123.40%	-25.02%	-56.76%	35.41%	-24.21%	163.35%	-47.68%	-23.44%
Net Income Q/Q Growth	-84.85%	69.08%	150.36%	-39.55%	-56.61%	51.47%	-29.48%	199.27%	-51.13%	-19.98%
EPS Q/Q Growth	-83.33%	71.43%	133.33%	-40.00%	-54.55%	57.14%	-30.00%	150.00%	-42.86%	-22.22%
Operating Cash Flow Q/Q Growth	169.17%	-59.57%	-31.79%	195.42%	-72.71%	62.16%	-4.83%	80.21%	-54.24%	20.86%
Free Cash Flow Firm Q/Q Growth	-1,864.64%	-95.78%	49.51%	229.31%	30.85%	69.26%	-0.63%	-37.92%	-14.86%	-114.41%
Invested Capital Q/Q Growth	5.14%	0.17%	0.80%	-1.13%	1.90%	-5.72%	1.91%	6.19%	4.66%	3.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	73.49%	75.95%	74.20%	71.71%	74.84%	75.32%	75.53%	78.76%	76.31%	76.67%
EBITDA Margin	47.64%	57.44%	47.91%	43.98%	47.72%	53.17%	50.34%	55.40%	45.69%	49.68%
Operating Margin	9.93%	27.82%	20.70%	10.91%	13.44%	26.40%	23.15%	28.77%	11.06%	23.26%
EBIT Margin	17.89%	36.66%	24.66%	17.76%	23.66%	31.07%	28.84%	34.23%	20.65%	28.51%
Profit (Net Income) Margin	3.34%	20.42%	12.81%	5.95%	9.24%	18.13%	13.38%	18.78%	7.42%	14.18%
Tax Burden Percent	72.98%	73.38%	74.31%	73.43%	74.66%	74.79%	70.40%	74.03%	86.46%	73.37%
Interest Burden Percent	25.61%	75.92%	69.87%	45.64%	52.32%	78.01%	65.88%	74.12%	41.58%	67.77%
Effective Tax Rate	27.02%	26.62%	25.69%	26.57%	25.34%	25.21%	29.60%	25.97%	13.54%	26.63%
Return on Invested Capital (ROIC)	2.46%	7.06%	5.19%	2.71%	3.58%	7.11%	5.49%	7.14%	3.11%	5.71%
ROIC Less NNEP Spread (ROIC-NNEP)	1.98%	7.06%	4.86%	2.49%	3.49%	6.86%	5.14%	6.83%	2.88%	5.34%
Return on Net Nonoperating Assets (RNNOA)	4.40%	14.55%	10.82%	5.64%	7.65%	14.11%	14.09%	19.13%	7.75%	13.13%
Return on Equity (ROE)	6.86%	21.61%	16.01%	8.36%	11.23%	21.22%	19.58%	26.28%	10.86%	18.84%
Cash Return on Invested Capital (CROIC)	-0.39%	3.08%	8.96%	7.96%	2.19%	-0.42%	-10.62%	-10.90%	-7.11%	-6.76%
Operating Return on Assets (OROA)	2.46%	4.99%	3.49%	2.52%	3.67%	4.70%	4.31%	5.11%	2.99%	4.04%
Return on Assets (ROA)	0.46%	2.78%	1.81%	0.85%	1.43%	2.74%	2.00%	2.80%	1.08%	2.01%
Return on Common Equity (ROCE)	6.86%	21.61%	16.01%	8.36%	11.23%	21.22%	19.58%	26.28%	10.86%	18.84%
Return on Equity Simple (ROE_SIMPLE)	0.00%	13.29%	13.02%	13.02%	0.00%	15.61%	13.98%	15.61%	0.00%	11.16%
Net Operating Profit after Tax (NOPAT)	0.96	2.92	2.08	0.93	1.24	2.87	2.12	2.80	1.06	2.03
NOPAT Margin	7.25%	20.41%	15.39%	8.01%	10.03%	19.75%	16.30%	21.30%	9.57%	17.06%
Net Nonoperating Expense Percent (NNEP)	0.48%	0.00%	0.33%	0.23%	0.10%	0.24%	0.36%	0.31%	0.24%	0.37%
Return On Investment Capital (ROIC_SIMPLE)	0.56%	-	-	-	0.79%	-	-	-	-	-
Cost of Revenue to Revenue	26.51%	24.05%	25.80%	28.29%	25.16%	24.68%	24.47%	21.24%	23.69%	23.33%
SG&A Expenses to Revenue	34.45%	27.65%	31.32%	35.53%	38.02%	27.00%	31.57%	29.76%	41.00%	32.99%
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	63.56%	48.13%	53.50%	60.80%	61.40%	48.91%	52.38%	49.98%	65.25%	53.41%
Earnings before Interest and Taxes (EBIT)	2.37	5.25	3.33	2.06	2.93	4.52	3.75	4.49	2.29	3.39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.31	8.23	6.47	5.11	5.90	7.73	6.54	7.27	5.07	5.91
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.83	6.23	6.12	6.44	6.32	4.68	6.12	6.31	6.85	5.93
Price to Tangible Book Value (P/TBV)	9.34	9.89	9.86	10.96	10.61	7.81	10.90	11.78	10.39	9.00
Price to Revenue (P/Rev)	5.26	5.87	5.60	5.97	5.80	4.43	5.99	5.99	6.80	6.08
Price to Earnings (P/E)	47.91	46.90	47.01	49.51	38.50	29.95	43.79	40.44	55.26	53.14
Dividend Yield	2.63%	2.39%	2.49%	2.35%	2.34%	3.13%	2.41%	2.47%	2.32%	2.63%
Earnings Yield	2.09%	2.13%	2.13%	2.02%	2.60%	3.34%	2.28%	2.47%	1.81%	1.88%
Enterprise Value to Invested Capital (EV/IC)	2.46	2.72	2.63	2.75	2.72	2.23	2.58	2.57	2.79	2.60
Enterprise Value to Revenue (EV/Rev)	7.42	7.92	7.62	7.99	7.77	6.40	8.26	8.30	9.09	8.25
Enterprise Value to EBITDA (EV/EBITDA)	14.96	16.57	16.32	16.91	15.00	12.45	16.37	16.72	19.13	17.63
Enterprise Value to EBIT (EV/EBIT)	30.02	32.61	33.42	33.53	26.25	22.02	29.15	30.08	36.51	33.98
Enterprise Value to NOPAT (EV/NOPAT)	56.67	57.24	55.62	57.40	45.57	37.49	50.76	46.75	60.81	55.34
Enterprise Value to Operating Cash Flow (EV/OCF)	17.94	22.16	15.06	15.25	16.22	12.62	16.83	16.23	17.42	14.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	88.89	28.65	33.97	126.62	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.57	2.55	2.58	2.62	2.21	2.18	2.37	2.47	2.45	2.46
Long-Term Debt to Equity	2.49	2.47	2.50	2.54	2.13	2.10	2.29	2.39	2.36	2.37
Financial Leverage	2.22	2.06	2.23	2.27	2.19	2.06	2.74	2.80	2.69	2.46
Leverage Ratio	7.96	7.78	7.70	7.79	7.36	7.26	8.44	8.54	8.29	8.17
Compound Leverage Factor	2.04	5.90	5.38	3.56	3.85	5.67	5.56	6.33	3.45	5.54
Debt to Total Capital	72.01%	71.80%	72.08%	72.36%	68.86%	68.59%	70.34%	71.22%	71.02%	71.08%
Short-Term Debt to Total Capital	2.31%	2.27%	2.28%	2.25%	2.48%	2.48%	2.39%	2.43%	2.50%	2.46%
Long-Term Debt to Total Capital	69.70%	69.53%	69.81%	70.11%	66.38%	66.10%	67.95%	68.79%	68.51%	68.62%
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	27.99%	28.20%	27.92%	27.64%	31.14%	31.41%	29.66%	28.78%	28.98%	28.92%
Debt to EBITDA	4.69	5.02	5.07	5.13	3.92	4.03	4.59	4.73	5.12	5.39
Net Debt to EBITDA	4.34	4.29	4.32	4.28	3.81	3.83	4.51	4.65	4.81	4.63
Long-Term Debt to EBITDA	4.54	4.86	4.91	4.97	3.78	3.88	4.44	4.57	4.94	5.20
Debt to NOPAT	17.76	17.34	17.26	17.42	11.90	12.12	14.24	13.23	16.27	16.91
Net Debt to NOPAT	16.45	14.81	14.72	14.54	11.56	11.53	13.99	13.00	15.29	14.52
Long-Term Debt to NOPAT	17.19	16.79	16.72	16.87	11.47	11.68	13.76	12.78	15.70	16.32
Altman Z-Score	0.61	0.73	0.72	0.75	0.76	0.63	0.74	0.73	0.81	0.75
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	0.87	1.63	1.86	1.83	0.82	0.86	0.67	0.51	0.87	1.16
Quick Ratio	0.55	1.28	1.50	1.52	0.46	0.55	0.36	0.27	0.56	0.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6.54	0.37	8.78	5.87	-4.54	-6.57	-21	-21	-15	-13
Operating Cash Flow to CapEx	45.53%	31.95%	85.37%	140.05%	73.14%	204.85%	86.27%	99.14%	41.55%	73.57%
Free Cash Flow to Firm to Interest Expense	-4.30	0.25	5.83	3.75	-3.87	-5.21	-16.68	-18.18	-10.97	-12.26
Operating Cash Flow to Interest Expense	3.94	1.48	3.65	5.15	2.33	7.94	4.82	5.55	2.56	7.19
Operating Cash Flow Less CapEx to Interest Expense	-4.71	-3.15	-0.63	1.47	-0.86	4.07	-0.77	-0.05	-3.61	-2.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.14	0.14	0.14	0.16	0.15	0.15	0.15	0.14	0.14
Accounts Receivable Turnover	15.92	16.32	17.61	20.28	19.19	19.08	18.20	21.21	21.64	12.61
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	0.15	0.16	0.16	0.16	0.17	0.17	0.17	0.17	0.16	0.17
Accounts Payable Turnover	8.92	13.70	17.83	11.45	7.92	5.17	12.80	9.72	5.07	4.82
Days Sales Outstanding (DSO)	22.93	22.36	20.73	18.00	19.02	19.13	20.06	17.21	16.86	28.94
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)	40.92	26.64	20.48	31.87	46.10	70.55	28.51	37.57	71.95	75.73
Cash Conversion Cycle (CCC)	-17.99	-4.28	0.26	-13.87	-27.08	-51.42	-8.46	-20.36	-55.09	-46.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	159	151	151	150	151	149	158	155	146	139
Invested Capital Turnover	0.34	0.35	0.34	0.34	0.36	0.36	0.34	0.34	0.33	0.33
Increase / (Decrease) in Invested Capital	7.50	2.55	-6.70	-4.94	5.78	9.44	23	24	16	15
Enterprise Value (EV)	391	411	396	412	412	331	406	397	407	362
Market Capitalization	277	304	291	307	307	229	294	286	304	267
Book Value per Share	$1.97	$2.02	$1.97	$1.97	$2.01	$2.03	$2.01	$1.90	$1.86	$1.89
Tangible Book Value per Share	$1.23	$1.27	$1.22	$1.16	$1.20	$1.22	$1.13	$1.02	$1.23	$1.24
Total Capital	170	173	171	173	156	156	162	158	153	156
Total Debt	122	124	123	125	108	107	114	112	109	111
Total Long-Term Debt	119	120	119	121	104	103	110	108	105	107
Net Debt	113	106	105	104	104	102	112	110	102	95
Capital Expenditures (CapEx)	13	6.96	6.45	5.76	3.73	4.89	7.15	6.54	8.66	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7.91	-3.41	-1.82	-3.81	-1.70	-3.76	-3.09	-6.65	-4.82	-8.53
Debt-free Net Working Capital (DFNWC)	1.14	15	16	17	1.39	1.53	-1.08	-4.74	1.74	7.09
Net Working Capital (NWC)	-2.79	11	12	13	-2.49	-2.35	-4.96	-8.57	-2.09	3.25
Net Nonoperating Expense (NNE)	0.52	-0.00	0.35	0.24	0.10	0.24	0.38	0.33	0.24	0.34
Net Nonoperating Obligations (NNO)	111	102	103	102	103	99	110	109	101	94
Total Depreciation and Amortization (D&A)	3.94	2.98	3.14	3.04	2.98	3.21	2.80	2.78	2.78	2.52
Debt-free, Cash-free Net Working Capital to Revenue	-15.01%	-6.57%	-3.50%	-7.40%	-3.21%	-7.27%	-6.28%	-13.90%	-10.77%	-19.41%
Debt-free Net Working Capital to Revenue	2.16%	28.45%	31.39%	32.70%	2.62%	2.95%	-2.20%	-9.91%	3.89%	16.13%
Net Working Capital to Revenue	-5.29%	20.86%	23.93%	25.17%	-4.70%	-4.55%	-10.09%	-17.93%	-4.67%	7.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	$0.12	$0.07	$0.03	$0.05	$0.11	$0.07	$0.10	$0.04	$0.07
Adjusted Weighted Average Basic Shares Outstanding	24.20M	24.22M	24.20M	24.18M	24.04M	24.17M	23.96M	23.87M	23.17M	23.47M
Adjusted Diluted Earnings per Share	$0.02	$0.12	$0.07	$0.03	$0.05	$0.11	$0.07	$0.10	$0.04	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	24.30M	24.30M	24.31M	24.30M	24.13M	24.23M	24.04M	24.03M	23.33M	23.60M
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	24.23M	24.22M	24.22M	24.18M	24.18M	24.17M	24.17M	23.87M	23.87M	23.87M
Normalized Net Operating Profit after Tax (NOPAT)	0.96	2.92	2.08	0.93	1.24	2.87	2.12	2.80	1.06	2.03
Normalized NOPAT Margin	7.25%	20.41%	15.39%	8.01%	10.03%	19.75%	16.30%	21.30%	9.57%	17.06%
Pre Tax Income Margin	4.58%	27.83%	17.23%	8.11%	12.38%	24.24%	19.00%	25.37%	8.59%	19.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.56	3.49	2.21	1.32	2.49	3.58	2.93	3.85	1.63	3.10
NOPAT to Interest Expense	0.63	1.94	1.38	0.59	1.06	2.28	1.65	2.39	0.76	1.86
EBIT Less CapEx to Interest Expense	-7.09	-1.14	-2.07	-2.36	-0.69	-0.29	-2.66	-1.75	-4.54	-6.67
NOPAT Less CapEx to Interest Expense	-8.02	-2.69	-2.90	-3.08	-2.13	-1.60	-3.93	-3.21	-5.41	-7.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	126.07%	112.11%	117.02%	116.40%	90.02%	93.78%	106.00%	98.80%	125.12%	133.93%
Augmented Payout Ratio	126.07%	112.11%	117.02%	116.40%	90.02%	93.78%	106.00%	98.80%	125.12%	133.93%

Frequently Asked Questions About Global Water Resources' Financials

When does Global Water Resources's financial year end?

According to the most recent income statement we have on file, Global Water Resources' fiscal year ends in December. Their fiscal 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 5/25/2025 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

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Quarterly Cash Flow Statements for Global Water Resources

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Quarterly Balance Sheets for Global Water Resources

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