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GWRI is a water resource management company that owns, operates, and manages thirty-nine water, wastewater, and recycled water public utility systems in strategically located communities, principally in metropolitan Phoenix and Tucson, Arizona. Total Water Management is a comprehensive approach to water utility management that reduces demand on scarce non-renewable water sources and costly rene…
12.83% operating margin is respectable but not wide. ROIC at 3.09%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 5.8%, steady but not accelerating. Margins contracted 4.9pp, which offsets some of the top-line progress.
Negative free cash flow of -$47M. The business is consuming cash, not generating it. Operating margin contracted 4.9pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$57M
▲ +5.8% YoY
Net Income (TTM)
$2M
▼ -48.9% YoY
Op. Margin
11.12%
▼ -4.9pp YoY
ROIC
2.61%
▼ -1.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$41M
▼ -347.4% YoY
Op. Cash Flow (TTM)
$17M
▼ -7.4% YoY
Net Debt
$132M
Cash & Equiv.
$2M
5Y CAGR: +7.6%
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