Global Water Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Global Water has an operating margin of 17.8%, meaning the company retains $18 of operating profit per $100 of revenue. This strong profitability earns a score of 89/100, reflecting efficient cost management and pricing power. This is down from 23.2% the prior year.
Global Water's revenue declined 0.6% year-over-year, from $53.0M to $52.7M. This contraction results in a growth score of 27/100.
Global Water has elevated debt relative to equity (D/E of 2.49), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 19/100, reflecting increased financial risk.
Global Water's current ratio of 0.87 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 15/100, which could limit financial flexibility.
While Global Water generated $21.8M in operating cash flow, capex of $32.3M consumed most of it, leaving -$10.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Global Water's ROE of 12.2% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 16.4% the prior year.
Global Water scores 0.64, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($264.2M) relative to total liabilities ($357.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Global Water passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Global Water generates $3.76 in operating cash flow ($21.8M OCF vs $5.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Global Water earns $1.5 in operating income for every $1 of interest expense ($9.4M vs $6.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Global Water (GWRS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Global Water generated $52.7M in revenue in fiscal year 2024. This represents a decrease of 0.6% from the prior year.
Global Water's EBITDA was $22.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6.9% from the prior year.
Global Water generated -$10.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 442.1% from the prior year.
Global Water reported $5.8M in net income in fiscal year 2024. This represents a decrease of 27.5% from the prior year.
Global Water earned $0.24 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 27.3% from the prior year.
Global Water held $9.0M in cash against $118.5M in long-term debt as of fiscal year 2024.
Global Water paid $0.30 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Global Water's operating margin was 17.8% in fiscal year 2024, reflecting core business profitability. This is down 5.4 percentage points from the prior year.
Global Water's net profit margin was 11.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.1 percentage points from the prior year.
Global Water's ROE was 12.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the prior year.
Global Water invested $32.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 44.9% from the prior year.
GWRS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.5M+9.0% | $14.2M+14.3% | $12.5M-6.0% | $13.3M-1.9% | $13.5M+16.4% | $11.6M-6.1% | $12.4M-14.9% | $14.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $4.9M+12.1% | $4.4M+4.8% | $4.2M-8.3% | $4.6M+7.9% | $4.2M+2.6% | $4.1M-12.3% | $4.7M+19.9% | $3.9M |
| Operating Income | $2.9M+11.5% | $2.6M+108.8% | $1.3M-4.6% | $1.3M-52.9% | $2.8M+120.8% | $1.3M-23.8% | $1.7M-56.7% | $3.8M |
| Interest Expense | $1.5M-0.4% | $1.5M+1.2% | $1.5M-2.8% | $1.5M+0.9% | $1.5M-3.8% | $1.6M+33.5% | $1.2M-6.9% | $1.3M |
| Income Tax | $640K+3.7% | $617K+237.2% | $183K+11.6% | $164K-72.6% | $598K+139.2% | $250K-35.6% | $388K-56.3% | $888K |
| Net Income | $1.7M+6.5% | $1.6M+172.8% | $591K+33.4% | $443K-74.4% | $1.7M+150.4% | $691K-39.5% | $1.1M-56.6% | $2.6M |
| EPS (Diluted) | $0.060.0% | $0.06+200.0% | $0.020.0% | $0.02-71.4% | $0.07+133.3% | $0.03-40.0% | $0.05-54.5% | $0.11 |
GWRS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $480.7M+7.0% | $449.4M+1.2% | $443.9M+9.6% | $405.1M+5.4% | $384.5M+0.7% | $381.7M+5.7% | $361.1M+0.7% | $358.5M |
| Current Assets | $25.0M+14.7% | $21.8M-45.3% | $39.9M+104.9% | $19.5M-27.6% | $26.9M-5.9% | $28.6M+143.6% | $11.7M-16.4% | $14.0M |
| Cash & Equivalents | $15.3M+49.3% | $10.2M-67.5% | $31.5M+247.8% | $9.0M-50.1% | $18.1M-12.1% | $20.7M+569.1% | $3.1M-41.6% | $5.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $3.8M-1.6% | $3.8M+16.1% | $3.3M+2.1% | $3.2M+13.5% | $2.8M+14.1% | $2.5M-26.3% | $3.4M+10.1% | $3.1M |
| Goodwill | $6.5M+3.6% | $6.3M-3.8% | $6.5M-31.2% | $9.5M0.0% | $9.5M-12.3% | $10.8M0.0% | $10.8M-0.9% | $10.9M |
| Total Liabilities | $391.0M+4.9% | $372.6M+1.6% | $366.7M+2.6% | $357.5M+6.1% | $336.8M+0.9% | $334.0M+6.9% | $312.5M+1.0% | $309.4M |
| Current Liabilities | $21.2M+6.0% | $20.0M-22.2% | $25.7M+15.6% | $22.3M+54.2% | $14.4M-7.5% | $15.6M+9.7% | $14.2M-13.2% | $16.4M |
| Long-Term Debt | $116.8M0.0% | $116.8M-1.7% | $118.9M+0.3% | $118.5M-0.5% | $119.1M-1.6% | $121.0M+19.4% | $101.3M-1.9% | $103.3M |
| Total Equity | $89.6M+16.8% | $76.7M-0.6% | $77.2M+62.2% | $47.6M0.0% | $47.6M-0.2% | $47.7M-1.9% | $48.6M-0.9% | $49.1M |
| Retained Earnings | $0 | $0 | $0 | $0-100.0% | $706K-11.4% | $797K0.0% | $797K-47.6% | $1.5M |
GWRS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.6M+540.7% | $1.4M-81.9% | $7.5M+24.8% | $6.0M+8.8% | $5.5M-31.8% | $8.1M+195.4% | $2.7M-72.7% | $10.0M |
| Capital Expenditures | $14.2M-29.5% | $20.2M+32.6% | $15.2M+15.7% | $13.2M+104.0% | $6.4M+11.9% | $5.8M+54.3% | $3.7M-23.6% | $4.9M |
| Free Cash Flow | -$5.6M+70.3% | -$18.8M-143.3% | -$7.7M-8.0% | -$7.2M-659.7% | -$943K-140.9% | $2.3M+330.0% | -$1.0M-119.6% | $5.1M |
| Investing Cash Flow | -$22.3M-10.7% | -$20.2M-32.6% | -$15.2M-14.3% | -$13.3M-106.4% | -$6.4M-11.8% | -$5.8M-52.8% | -$3.8M+22.7% | -$4.9M |
| Financing Cash Flow | $18.9M+1058.5% | -$2.0M-106.6% | $29.8M+925.7% | -$3.6M-61.4% | -$2.2M-114.1% | $15.8M+950.2% | -$1.9M-2.6% | -$1.8M |
| Dividends Paid | $2.1M0.0% | $2.1M+13.4% | $1.8M+0.3% | $1.8M+0.8% | $1.8M+0.1% | $1.8M+0.3% | $1.8M+0.7% | $1.8M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GWRS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 18.8%+0.4pp | 18.4%+8.3pp | 10.1%+0.1pp | 9.9%-10.8pp | 20.7%+9.8pp | 10.9%-2.5pp | 13.4%-13.0pp | 26.4% |
| Net Margin | 11.1%-0.3pp | 11.3%+6.6pp | 4.7%+1.4pp | 3.3%-9.5pp | 12.8%+6.9pp | 5.9%-3.3pp | 9.2%-8.9pp | 18.1% |
| Return on Equity | 1.9%-0.2pp | 2.1%+1.3pp | 0.8%-0.2pp | 0.9%-2.7pp | 3.6%+2.2pp | 1.5%-0.9pp | 2.4%-3.0pp | 5.4% |
| Return on Assets | 0.4%0.0pp | 0.4%+0.2pp | 0.1%+0.0pp | 0.1%-0.3pp | 0.4%+0.3pp | 0.2%-0.1pp | 0.3%-0.4pp | 0.7% |
| Current Ratio | 1.18+0.1 | 1.09-0.5 | 1.55+0.7 | 0.87-1.0 | 1.86+0.0 | 1.83+1.0 | 0.82-0.0 | 0.86 |
| Debt-to-Equity | 1.30-0.2 | 1.52-0.0 | 1.54-1.0 | 2.49-0.0 | 2.50-0.0 | 2.54+0.5 | 2.08-0.0 | 2.10 |
| FCF Margin | -36.0%+96.2pp | -132.2%-70.1pp | -62.1%-8.1pp | -54.1%-47.1pp | -7.0%-26.8pp | 19.9%+28.0pp | -8.1%-43.4pp | 35.3% |
Note: The current ratio is below 1.0 (0.87), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is Global Water's annual revenue?
Global Water (GWRS) reported $52.7M in total revenue for fiscal year 2024. This represents a -0.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Global Water's revenue growing?
Global Water (GWRS) revenue declined by 0.6% year-over-year, from $53.0M to $52.7M in fiscal year 2024.
Is Global Water profitable?
Yes, Global Water (GWRS) reported a net income of $5.8M in fiscal year 2024, with a net profit margin of 11.0%.
What is Global Water's earnings per share (EPS)?
Global Water (GWRS) reported diluted earnings per share of $0.24 for fiscal year 2024. This represents a -27.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Global Water's EBITDA?
Global Water (GWRS) had EBITDA of $22.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Global Water have?
As of fiscal year 2024, Global Water (GWRS) had $9.0M in cash and equivalents against $118.5M in long-term debt.
What is Global Water's operating margin?
Global Water (GWRS) had an operating margin of 17.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Global Water's net profit margin?
Global Water (GWRS) had a net profit margin of 11.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Global Water pay dividends?
Yes, Global Water (GWRS) paid $0.30 per share in dividends during fiscal year 2024.
What is Global Water's return on equity (ROE)?
Global Water (GWRS) has a return on equity of 12.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Global Water's free cash flow?
Global Water (GWRS) generated -$10.5M in free cash flow during fiscal year 2024. This represents a -442.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Global Water's operating cash flow?
Global Water (GWRS) generated $21.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Global Water's total assets?
Global Water (GWRS) had $405.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Global Water's capital expenditures?
Global Water (GWRS) invested $32.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Global Water's current ratio?
Global Water (GWRS) had a current ratio of 0.87 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Global Water's debt-to-equity ratio?
Global Water (GWRS) had a debt-to-equity ratio of 2.49 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Global Water's return on assets (ROA)?
Global Water (GWRS) had a return on assets of 1.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Global Water's Altman Z-Score?
Global Water (GWRS) has an Altman Z-Score of 0.64, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Global Water's Piotroski F-Score?
Global Water (GWRS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Global Water's earnings high quality?
Global Water (GWRS) has an earnings quality ratio of 3.76x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Global Water cover its interest payments?
Global Water (GWRS) has an interest coverage ratio of 1.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Global Water?
Global Water (GWRS) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.