Global Water Financials
Global Water (GWRS) reported $55.8M in revenue for fiscal year 2025, up 5.8% from the prior fiscal year. This page shows its 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).
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
FY2025 ended with a 0.8x current ratio and only
Financial Health Signals
Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.
Global Water scores 0.54, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($255.7M) relative to total liabilities ($396.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Global Water passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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 $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.
Global Water earns $1.20 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
Earnings & Revenue
Global Water generated $55.8M in revenue in fiscal year 2025. This represents an increase of 5.8% from the prior year.
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.
Global Water reported $3.0M in net income in fiscal year 2025. This represents a decrease of 48.9% from the prior year.
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
Global Water recorded an outflow of $47.2M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 347.4% from the prior year.
Global Water held $4.1M in cash against $129.8M in long-term debt as of fiscal year 2025.
Global Water paid $0.30 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2025.
Capital Allocation
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
GWRS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY07 | FY06 | FY05 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.1M | $55.8M+5.8% | $52.7M-0.6% | $53.0M+18.6% | $44.7M+6.7% | $41.9M+8.5% | $38.6M+8.9% | $35.5M-0.1% | $35.5M+13.8% | $31.2M+4.7% | $29.8M-6.7% | $32.0M-1.9% | $32.6M | $4.9M0.0% | $4.9M0.0% | $4.9M |
| SG&A Expenses | $18.0M | $17.9M+5.8% | $16.9M+1.5% | $16.6M+3.1% | $16.1M+6.5% | $15.1M+19.1% | $12.7M+13.2% | $11.2M+6.6% | $10.5M+12.1% | $9.4M-2.7% | $9.7M+21.5% | $8.0M-9.7% | $8.8M | N/A | N/A | N/A |
| Operating Income | $8.2M | $7.2M-23.6% | $9.4M-23.8% | $12.3M+57.1% | $7.8M+12.0% | $7.0M-4.9% | $7.3M+5.4% | $7.0M-24.9% | $9.3M+26.2% | $7.3M+26.4% | $5.8M-11.0% | $6.5M-88.1% | $54.8M | N/A | N/A | N/A |
| Interest Expense | $6.3M | $6.0M-2.2% | $6.1M+24.9% | $4.9M+21.0% | $4.0M-22.4% | $5.2M-3.3% | $5.4M-0.2% | $5.4M+2.5% | $5.3M+2.5% | $5.1M-56.8% | $11.9M+43.0% | $8.3M-12.8% | $9.5M | N/A | N/A | N/A |
| Income Tax | $1.1M | $1.0M-50.5% | $2.1M-27.8% | $2.9M+207.5% | $934K-18.8% | $1.1M+49.2% | $771K-33.6% | $1.2M-34.8% | $1.8M+396.5% | -$601K+53.3% | -$1.3M-106.2% | $20.6M+221.3% | -$17.0M | N/A | N/A | N/A |
| Net Income | $3.1M | $3.0M-48.9% | $5.8M-27.5% | $8.0M+45.0% | $5.5M+52.6% | $3.6M+226.6% | $1.1M-50.3% | $2.2M-28.3% | $3.1M-31.8% | $4.6M+281.2% | -$2.5M-111.8% | $21.4M-67.1% | $64.9M | N/A | N/A | N/A |
| EPS (Diluted) | — | $0.11-54.2% | $0.24-27.3% | $0.33+37.5% | $0.24+50.0% | $0.16+220.0% | $0.05-50.0% | $0.10-33.3% | $0.15-34.8% | $0.23+276.9% | -$0.13-111.1% | $1.17-66.9% | $3.54 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2008, FY2009, FY2010, FY2011, FY2012, FY2013.
GWRS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY07 | FY06 | FY05 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $482.9M+19.2% | $405.1M+12.2% | $361.1M+11.8% | $323.1M+9.9% | $294.1M+3.7% | $283.4M+6.5% | $266.1M+1.4% | $262.5M+10.0% | $238.6M-0.1% | $238.8M+1.3% | $235.7M | N/A | N/A | N/A | N/A |
| Current Assets | $14.6M-24.9% | $19.5M+66.1% | $11.7M-17.2% | $14.2M-25.4% | $19.0M-19.0% | $23.5M+90.8% | $12.3M-29.1% | $17.3M+79.3% | $9.7M-60.9% | $24.7M+32.2% | $18.7M | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $4.1M-54.9% | $9.0M+193.1% | $3.1M-52.9% | $6.6M-48.1% | $12.6M-29.9% | $18.0M+140.0% | $7.5M-41.1% | $12.8M+143.1% | $5.2M-74.4% | $20.5M+78.0% | $11.5M+75.0% | $6.6M | N/A | N/A | N/A |
| Accounts Receivable | $3.7M+15.9% | $3.2M-4.6% | $3.4M+58.4% | $2.1M+7.3% | $2.0M-7.1% | $2.1M+31.6% | $1.6M+9.6% | $1.5M-2.6% | $1.5M+3.9% | $1.5M+29.9% | $1.1M | N/A | N/A | N/A | N/A |
| Goodwill | $6.5M-31.4% | $9.5M-12.3% | $10.8M+118.3% | $5.0M-13.5% | $5.7M+24.6% | $4.6M+4.6% | $4.4M+66.7% | $2.6M | $0 | $0 | $0 | N/A | N/A | N/A | N/A |
| Total Liabilities | $396.3M+10.8% | $357.5M+14.4% | $312.5M+12.1% | $278.7M+5.5% | $264.0M+5.1% | $251.3M+4.1% | $241.4M+2.9% | $234.6M+4.9% | $223.7M-0.1% | $223.8M+3.8% | $215.7M | N/A | N/A | N/A | N/A |
| Current Liabilities | $19.2M-13.6% | $22.3M+56.6% | $14.2M-12.5% | $16.2M-4.0% | $16.9M+36.7% | $12.4M+22.7% | $10.1M+5.5% | $9.6M+6.7% | $9.0M-17.7% | $10.9M+2.2% | $10.7M | N/A | N/A | N/A | N/A |
| Long-Term Debt | $129.8M+9.5% | $118.5M+16.9% | $101.3M-3.4% | $104.9M-3.5% | $108.7M-3.5% | $112.7M-1.7% | $114.7M+0.1% | $114.5M-0.5% | $115.1M+0.1% | $115.0M+10.1% | $104.5M | N/A | N/A | N/A | N/A |
| Total Equity | $86.6M+82.0% | $47.6M-2.1% | $48.6M+9.5% | $44.4M+47.8% | $30.0M-6.7% | $32.2M+30.5% | $24.7M-11.5% | $27.9M+87.6% | $14.9M-0.9% | $15.0M-25.3% | $20.1M-27.5% | $27.7M | N/A | N/A | N/A |
| Retained Earnings | -$961K | $0-100.0% | $797K | $0 | $0 | $0 | $0 | $0-100.0% | $376K+109.0% | -$4.2M-161.3% | -$1.6M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Inventory.
No annual filing on record for: FY2008, FY2009, FY2010, FY2011, FY2012, FY2013.
GWRS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY07 | FY06 | FY05 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $20.5M | $20.2M-7.4% | $21.8M-14.2% | $25.4M+8.8% | $23.3M+14.5% | $20.4M+40.0% | $14.6M+25.9% | $11.6M+2.3% | $11.3M+1.4% | $11.2M+488.7% | $1.9M-55.4% | $4.2M-63.5% | $11.6M | N/A | N/A | N/A |
| Capital Expenditures | $44.8M | $67.3M+108.3% | $32.3M+44.9% | $22.3M-34.3% | $34.0M+86.2% | $18.3M+99.9% | $9.1M-18.4% | $11.2M+133.7% | $4.8M-77.1% | $20.9M+143.2% | $8.6M+156.0% | $3.4M+102.7% | $1.7M | N/A | N/A | N/A |
| Free Cash Flow | -$24.3M | -$47.2M-347.4% | -$10.5M-442.1% | $3.1M+128.9% | -$10.6M-598.5% | $2.1M-60.7% | $5.4M+1334.0% | $379K-94.2% | $6.5M+167.0% | -$9.7M-45.4% | -$6.7M-852.0% | $890K-91.1% | $10.0M | N/A | N/A | N/A |
| Investing Cash Flow | -$52.9M | -$75.4M-132.2% | -$32.5M-13.6% | -$28.6M+16.4% | -$34.2M-68.3% | -$20.3M-115.2% | -$9.4M+6.1% | -$10.1M+24.5% | -$13.3M+36.6% | -$21.0M-240.5% | -$6.2M-111.9% | $52.0M+3731.9% | -$1.4M | N/A | N/A | N/A |
| Financing Cash Flow | $24.9M | $50.9M+198.1% | $17.1M+4108.4% | $406K-91.8% | $5.0M+162.7% | -$7.9M-211.9% | $7.1M+226.3% | -$5.6M-158.9% | $9.5M+276.1% | -$5.4M-140.8% | $13.3M+125.9% | -$51.3M-816.1% | -$5.6M | N/A | N/A | N/A |
| Dividends Paid | $8.6M | $8.2M+12.4% | $7.3M+1.6% | $7.2M+4.3% | $6.9M+4.2% | $6.6M+1.1% | $6.5M+6.1% | $6.2M+6.5% | $5.8M+7.3% | $5.4M+7.2% | $5.0M-81.8% | $27.6M+699.3% | $3.5M | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $464K | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2008, FY2009, FY2010, FY2011, FY2012, FY2013.
GWRS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY07 | FY06 | FY05 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 12.8%-4.9pp | 17.8%-5.4pp | 23.2%+5.7pp | 17.5%+0.8pp | 16.7%-2.3pp | 19.0%-0.6pp | 19.6%-6.5pp | 26.1%+2.6pp | 23.5%+4.0pp | 19.5%-0.9pp | 20.4% | 168.3% | N/A | N/A | N/A |
| Net Margin | 5.3%-5.7pp | 11.0%-4.1pp | 15.0%+2.7pp | 12.3%+3.7pp | 8.6%+5.8pp | 2.9%-3.4pp | 6.3%-2.5pp | 8.7%-5.8pp | 14.6%+23.0pp | -8.4%-75.3pp | 66.8% | 199.4% | N/A | N/A | N/A |
| Return on Equity | 3.4%-8.8pp | 12.2%-4.3pp | 16.4%+4.0pp | 12.4%+0.4pp | 12.0%+8.6pp | 3.4%-5.6pp | 9.0%-2.1pp | 11.1%-19.5pp | 30.6%+47.4pp | -16.8%-123.2pp | 106.5%-128.1pp | 234.6% | N/A | N/A | N/A |
| Return on Assets | 0.6%-0.8pp | 1.4%-0.8pp | 2.2%+0.5pp | 1.7%+0.5pp | 1.2%+0.8pp | 0.4%-0.4pp | 0.8%-0.3pp | 1.2%-0.7pp | 1.9%+3.0pp | -1.1%-10.1pp | 9.1% | N/A | N/A | N/A | N/A |
| Current Ratio | 0.76-0.1x | 0.87+0.1x | 0.820.0x | 0.87-0.3x | 1.12-0.8x | 1.89+0.7x | 1.22-0.6x | 1.81+0.7x | 1.08-1.2x | 2.27+0.5x | 1.76 | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.50-1.0x | 2.49+0.4x | 2.08-0.3x | 2.36-1.3x | 3.62+0.1x | 3.50-1.1x | 4.65+0.5x | 4.11-3.6x | 7.75+0.1x | 7.67+2.5x | 5.21 | N/A | N/A | N/A | N/A |
| FCF Margin | -84.6%-64.6pp | -20.0%-25.8pp | 5.8%+29.6pp | -23.8%-28.9pp | 5.1%-9.0pp | 14.1%+13.0pp | 1.1%-17.3pp | 18.4%+49.5pp | -31.2%-8.7pp | -22.5%-25.3pp | 2.8%-27.9pp | 30.7% | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
No annual filing on record for: FY2008, FY2009, FY2010, FY2011, FY2012, FY2013.
Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Global Water Ranks
Frequently Asked Questions
What is Global Water's annual revenue?
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.
How fast is Global Water's revenue growing?
Global Water (GWRS) revenue grew by 5.8% year-over-year, from $52.7M to $55.8M in fiscal year 2025.
Is Global Water profitable?
Yes, Global Water (GWRS) reported a net income of $3.0M in fiscal year 2025, with a net profit margin of 5.3%.
What is Global Water's EBITDA?
Global Water (GWRS) had EBITDA of $22.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Global Water have?
As of fiscal year 2025, Global Water (GWRS) had $4.1M in cash and equivalents against $129.8M in long-term debt.
What is Global Water's operating margin?
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.
What is Global Water's net profit margin?
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.
Does Global Water pay dividends?
Yes, Global Water (GWRS) paid $0.30 per share in dividends during fiscal year 2025.
What is Global Water's return on equity (ROE)?
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.
What is Global Water's free cash flow?
Global Water (GWRS) recorded an outflow of $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.
What is Global Water's operating cash flow?
Global Water (GWRS) generated $20.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Global Water's total assets?
Global Water (GWRS) had $482.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Global Water's capital expenditures?
Global Water (GWRS) invested $67.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Global Water's current ratio?
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.
What is Global Water's debt-to-equity ratio?
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.
What is Global Water's return on assets (ROA)?
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.
What is Global Water's Altman Z-Score?
Global Water (GWRS) has an Altman Z-Score of 0.54, 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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
Are Global Water's earnings high quality?
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.
Can Global Water cover its interest payments?
Global Water (GWRS) has an interest coverage ratio of 1.20x, 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 27 out of 100 on our Financial Health Score, indicating weak standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.