STOCK TITAN

Global Water Financials

GWRS
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Global Water (GWRS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Rhea AI GWRS FY2025

Infrastructure expansion is outrunning internally generated cash, so the business stays profitable while leaning on external financing.

From FY2023 to FY2025, operating cash flow stayed near $20M even as capital spending climbed to $67.3M. That shift produced a funding gap filled by $50.9M of financing cash flow despite net income of $3.0M, making reinvestment intensity rather than reported profit the clearest explanation of how the business is being financed.

EBITDA stayed around $22M in FY2024-FY2025. But operating margin fell from 17.8% to 12.8%, and depreciation reached $15.0M, which suggests recent asset growth is raising non-cash operating burden before revenue fully catches up.

FY2025 ended with a 0.8x current ratio and only $4.1M of cash. Dividends still consumed $8.2M, so near-term liquidity and shareholder payouts depended more on funding access than on leftover free cash.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 35 / 100
Financial Profile 35/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Global Water's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
59

Global Water has an operating margin of 12.8%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 59/100, indicating healthy but not exceptional operating efficiency. This is down from 17.8% the prior year.

Growth
38

Global Water's revenue grew 5.8% year-over-year to $55.8M, a solid pace of expansion. This earns a growth score of 38/100.

Leverage
71

Global Water carries a low D/E ratio of 1.50, meaning only $1.50 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
10

Global Water's current ratio of 0.76 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
0

While Global Water generated $20.2M in operating cash flow, capex of $67.3M consumed most of it, leaving -$47.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns
30

Global Water's ROE of 3.4% shows moderate profitability relative to equity, earning a score of 30/100. This is down from 12.2% the prior year.

Altman Z-Score Distress
0.44

Global Water scores 0.44, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($192.7M) relative to total liabilities ($396.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
4/9

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.

Earnings Quality Cash-Backed
6.82x

For every $1 of reported earnings, Global Water generates $6.82 in operating cash flow ($20.2M OCF vs $3.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk
1.2x

Global Water earns $1.2 in operating income for every $1 of interest expense ($7.2M vs $6.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$55.8M
YoY+5.8%
5Y CAGR+7.6%
10Y CAGR+5.7%

Global Water generated $55.8M in revenue in fiscal year 2025. This represents an increase of 5.8% from the prior year.

EBITDA
$22.2M
YoY+0.3%
5Y CAGR+4.5%
10Y CAGR+4.2%

Global Water's EBITDA was $22.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.3% from the prior year.

Net Income
$3.0M
YoY-48.9%
5Y CAGR+21.8%
10Y CAGR-17.9%

Global Water reported $3.0M in net income in fiscal year 2025. This represents a decrease of 48.9% from the prior year.

EPS (Diluted)
$0.11
YoY-54.2%
5Y CAGR+17.1%
10Y CAGR-21.1%

Global Water earned $0.11 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 54.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$47.2M
YoY-347.4%

Global Water generated -$47.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 347.4% from the prior year.

Cash & Debt
$4.1M
YoY-54.9%
5Y CAGR-25.7%
10Y CAGR-9.9%

Global Water held $4.1M in cash against $129.8M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.30
YoY+0.0%
5Y CAGR+0.7%
10Y CAGR-14.5%

Global Water paid $0.30 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
12.8%
YoY-4.9pp
5Y CAGR-6.2pp
10Y CAGR-7.6pp

Global Water's operating margin was 12.8% in fiscal year 2025, reflecting core business profitability. This is down 4.9 percentage points from the prior year.

Net Margin
5.3%
YoY-5.7pp
5Y CAGR+2.4pp
10Y CAGR-61.5pp

Global Water's net profit margin was 5.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.7 percentage points from the prior year.

Return on Equity
3.4%
YoY-8.8pp
5Y CAGR-0.0pp
10Y CAGR-103.1pp

Global Water's ROE was 3.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.8 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$67.3M
YoY+108.3%
5Y CAGR+49.1%
10Y CAGR+35.0%

Global Water invested $67.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 108.3% from the prior year.

GWRS Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $13.3M-1.9% $13.5M-12.7% $15.5M+9.0% $14.2M+14.3% $12.5M-6.0% $13.3M-7.5% $14.3M+6.0% $13.5M
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 $4.5M+2.1% $4.4M-11.3% $4.9M+12.1% $4.4M+4.8% $4.2M-8.3% $4.6M+15.3% $4.0M-6.4% $4.2M
Operating Income $389K+8.4% $359K-87.7% $2.9M+11.5% $2.6M+108.8% $1.3M-4.6% $1.3M-67.0% $4.0M+42.4% $2.8M
Interest Expense $1.6M+10.0% $1.5M+0.7% $1.5M-0.4% $1.5M+1.2% $1.5M-2.8% $1.5M+1.1% $1.5M-0.2% $1.5M
Income Tax -$105K+74.6% -$414K-164.7% $640K+3.7% $617K+237.2% $183K+11.6% $164K-84.5% $1.1M+77.4% $598K
Net Income -$366K+62.0% -$963K-156.1% $1.7M+6.5% $1.6M+172.8% $591K+33.4% $443K-84.9% $2.9M+69.1% $1.7M
EPS (Diluted) $-0.01 N/A $0.060.0% $0.06+200.0% $0.02 N/A $0.12+71.4% $0.07

GWRS Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $485.1M+0.5% $482.9M+0.5% $480.7M+7.0% $449.4M+1.2% $443.9M+9.6% $405.1M+0.6% $402.9M+4.8% $384.5M
Current Assets $13.4M-8.2% $14.6M-41.6% $25.0M+14.7% $21.8M-45.3% $39.9M+104.9% $19.5M-30.7% $28.1M+4.5% $26.9M
Cash & Equivalents $1.8M-55.9% $4.1M-73.3% $15.3M+49.3% $10.2M-67.5% $31.5M+247.8% $9.0M-50.1% $18.1M0.0% $18.1M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $3.4M-8.8% $3.7M-0.6% $3.8M-1.6% $3.8M+16.1% $3.3M+2.1% $3.2M-1.2% $3.3M+14.9% $2.8M
Goodwill $6.5M0.0% $6.5M0.0% $6.5M+3.6% $6.3M-3.8% $6.5M-31.2% $9.5M0.0% $9.5M0.0% $9.5M
Total Liabilities $400.9M+1.2% $396.3M+1.3% $391.0M+4.9% $372.6M+1.6% $366.7M+2.6% $357.5M+1.0% $354.1M+5.1% $336.8M
Current Liabilities $19.8M+3.1% $19.2M-9.3% $21.2M+6.0% $20.0M-22.2% $25.7M+15.6% $22.3M+28.7% $17.3M+19.8% $14.4M
Long-Term Debt $129.7M0.0% $129.8M+11.1% $116.8M0.0% $116.8M-1.7% $118.9M+0.3% $118.5M-1.6% $120.4M+1.1% $119.1M
Total Equity $84.2M-2.8% $86.6M-3.4% $89.6M+16.8% $76.7M-0.6% $77.2M+62.2% $47.6M-2.5% $48.8M+2.6% $47.6M
Retained Earnings -$1.3M-38.1% -$961K $0 $0 $0 $0-100.0% $1.8M+156.1% $706K

GWRS Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $4.5M+66.2% $2.7M-68.9% $8.6M+540.7% $1.4M-81.9% $7.5M+24.8% $6.0M+169.2% $2.2M-59.6% $5.5M
Capital Expenditures $6.3M-64.5% $17.7M+24.3% $14.2M-29.5% $20.2M+32.6% $15.2M+15.7% $13.2M+88.9% $7.0M+8.0% $6.4M
Free Cash Flow -$1.8M+88.0% -$15.0M-168.6% -$5.6M+70.3% -$18.8M-143.3% -$7.7M-8.0% -$7.2M-51.2% -$4.7M-402.5% -$943K
Investing Cash Flow -$6.3M+64.5% -$17.7M+20.8% -$22.3M-10.7% -$20.2M-32.6% -$15.2M-14.3% -$13.3M-91.2% -$7.0M-8.0% -$6.4M
Financing Cash Flow -$161K-103.8% $4.3M-77.4% $18.9M+1058.5% -$2.0M-106.6% $29.8M+925.7% -$3.6M-150.6% $7.1M+418.7% -$2.2M
Dividends Paid $2.2M0.0% $2.2M+4.6% $2.1M0.0% $2.1M+13.4% $1.8M+0.3% $1.8M+0.8% $1.8M+0.1% $1.8M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

GWRS Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 2.9%+0.3pp 2.6%-16.2pp 18.8%+0.4pp 18.4%+8.3pp 10.1%+0.1pp 9.9%-17.9pp 27.8%+7.1pp 20.7%
Net Margin -2.8%+4.4pp -7.1%-18.2pp 11.1%-0.3pp 11.3%+6.6pp 4.7%+1.4pp 3.3%-17.1pp 20.4%+7.6pp 12.8%
Return on Equity -0.4%+0.7pp -1.1%-3.0pp 1.9%-0.2pp 2.1%+1.3pp 0.8%-0.2pp 0.9%-5.1pp 6.0%+2.4pp 3.6%
Return on Assets -0.1%+0.1pp -0.2%-0.6pp 0.4%0.0pp 0.4%+0.2pp 0.1%+0.0pp 0.1%-0.6pp 0.7%+0.3pp 0.4%
Current Ratio 0.68-0.1 0.76-0.4 1.18+0.1 1.09-0.5 1.55+0.7 0.87-0.8 1.63-0.2 1.86
Debt-to-Equity 1.54+0.0 1.50+0.2 1.30-0.2 1.52-0.0 1.54-1.0 2.49+0.0 2.47-0.0 2.50
FCF Margin -13.6%+97.2pp -110.8%-74.8pp -36.0%+96.2pp -132.2%-70.1pp -62.1%-8.1pp -54.1%-21.0pp -33.1%-26.1pp -7.0%

Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Frequently Asked Questions

Global Water (GWRS) reported $55.8M in total revenue for fiscal year 2025. This represents a 5.8% 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.

Global Water (GWRS) revenue grew by 5.8% year-over-year, from $52.7M to $55.8M in fiscal year 2025.

Yes, Global Water (GWRS) reported a net income of $3.0M in fiscal year 2025, with a net profit margin of 5.3%.

Global Water (GWRS) reported diluted earnings per share of $0.11 for fiscal year 2025. This represents a -54.2% 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.

Global Water (GWRS) had EBITDA of $22.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Global Water (GWRS) had $4.1M in cash and equivalents against $129.8M in long-term debt.

Global Water (GWRS) had an operating margin of 12.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Global Water (GWRS) had a net profit margin of 5.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Global Water (GWRS) paid $0.30 per share in dividends during fiscal year 2025.

Global Water (GWRS) has a return on equity of 3.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Global Water (GWRS) generated -$47.2M in free cash flow during fiscal year 2025. This represents a -347.4% 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.

Global Water (GWRS) generated $20.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Global Water (GWRS) had $482.9M in total assets as of fiscal year 2025, including both current and long-term assets.

Global Water (GWRS) invested $67.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Global Water (GWRS) had a current ratio of 0.76 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Global Water (GWRS) had a debt-to-equity ratio of 1.50 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Global Water (GWRS) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Global Water (GWRS) has an Altman Z-Score of 0.44, 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.

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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Global Water (GWRS) has an earnings quality ratio of 6.82x, 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.

Global Water (GWRS) has an interest coverage ratio of 1.2x, 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.

Global Water (GWRS) scores 35 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.

Back to top