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YORW

The York Water Company

YORW

The York Water Company • NASDAQ
$32.63 ▼ -0.03% (-0.01)
Market Cap $471.00 M
52w High $36.48
52w Low $29.68
Dividend Yield 0.66%
P/E 23.47
Volume 36.62K
Outstanding Shares 14.43M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $20.361M ▲ $7.083M ▼ $6.201M ▲ 30.455% ▲ $0.43 ▲ $11.801M ▲
Q2-2025 $19.199M ▲ $7.29M ▲ $5.052M ▲ 26.314% ▲ $0.35 ▲ $10.712M ▲
Q1-2025 $18.456M ▼ $6.962M ▼ $3.638M ▼ 19.712% ▼ $0.25 ▼ $9.98M ▼
Q4-2024 $18.866M ▼ $7.122M ▲ $5.142M ▼ 27.255% ▼ $0.36 ▼ $10.681M ▼
Q3-2024 $19.715M $6.699M $5.863M 29.739% $0.41 $11.761M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1K $667.064M ▲ $429.043M ▲ $238.021M ▲
Q2-2025 $1K $653.731M ▲ $419.18M ▲ $234.551M ▲
Q1-2025 $1K $641.752M ▲ $409.609M ▲ $232.143M ▲
Q4-2024 $1K $633.473M ▲ $402.281M ▲ $231.192M ▲
Q3-2024 $1K $621.42M $392.732M $228.688M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.201M ▲ $7.829M ▲ $-14.92M ▼ $7.091M ▲ $0 $-7.091M ▼
Q2-2025 $5.052M ▲ $7.598M ▲ $-12.902M ▼ $5.304M ▲ $0 $-5.304M ▼
Q1-2025 $3.638M ▼ $6.005M ▼ $-9.28M ▲ $3.275M ▼ $0 $-3.275M ▲
Q4-2024 $5.142M ▼ $10.168M ▲ $-15.752M ▼ $5.584M ▲ $0 $-5.584M ▼
Q3-2024 $5.863M $7.55M $-12.338M $4.788M $0 $28.462M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Billing and Revenue Collection Services
Billing and Revenue Collection Services
 $0 ▲$0 ▲$0 ▲$0 ▲
Collection Services
Collection Services
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Line Protection Plan
Service Line Protection Plan
 $0 ▲$0 ▲$0 ▲$0 ▲
Wastewater Utility Service
Wastewater Utility Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Water Utility Service
Water Utility Service
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement York Water’s income statement shows a slow‑and‑steady story. Revenue has inched up over the past five years, and profits have generally followed along, with operating and net income holding at healthy, stable levels. Earnings per share have been solid but not perfectly smooth, with a dip in the most recent year despite higher sales. That pattern usually points to rising costs, higher interest expense, or slower timing of rate increases rather than any major business shock. Overall, this looks like a classic regulated utility profile: modest growth, consistent profitability, and relatively low volatility in results.

Balance Sheet

Balance Sheet The balance sheet reflects a capital‑intensive utility that is steadily building out its system. Total assets have climbed meaningfully over five years, driven by ongoing investment in pipes, plants, and related infrastructure. Debt has also risen, but shareholder equity has grown as well, so the company is adding both borrowing and owner capital to fund expansion. Cash on hand is minimal, which is common for regulated utilities that rely on predictable cash inflows and external financing. The main watchpoint is that leverage is drifting upward over time, which is normal for this sector but still something to track against future earnings and regulatory decisions.

Cash Flow

Cash Flow Cash flow from day‑to‑day operations has been steady and gradually improving, which aligns with the company’s stable earnings. However, free cash flow has been consistently negative because York Water is spending heavily on capital projects. In practice, that means the utility is plowing more cash into infrastructure than it generates after operating needs, and is making up the difference with new debt or equity. This is typical for a growing regulated utility: near‑term cash looks tight, but those investments usually expand the regulated asset base and support future rate increases and long‑term cash flow.

Competitive Edge

Competitive Edge York Water benefits from a strong competitive position anchored by its regulated monopoly status in its service area. It effectively faces no direct competitors for core water service, and its rates are overseen by state regulators, providing visibility and stability. The company’s very long operating history and reputation for reliability create deep trust with local customers and regulators, which is a meaningful intangible asset. Ongoing acquisitions of nearby systems help it extend its footprint and spread fixed costs over a larger base. Key risks are tied less to competition and more to regulatory decisions, political pressure on rates, and the need to keep up with aging infrastructure and environmental standards.

Innovation and R&D

Innovation and R&D Innovation at York Water is practical and infrastructure‑focused rather than high‑tech. The company uses geographic information systems to better map and manage its network, has invested in major long‑life projects like the Lake Williams Dam rehabilitation, and runs proactive programs such as lead pipe replacement that go beyond minimum requirements. It also offers customer assistance and service‑line protection programs that enhance its standing with the community. The firm has talked about digital modernization and enterprise software upgrades, but has not yet highlighted broad adoption of advanced smart‑water tools like real‑time sensors or smart meters. That leaves room for future efficiency gains if it chooses to move more aggressively into these technologies.

Summary

York Water presents the profile of a conservative, steady utility: gradually rising revenue, consistent profitability, and a balance sheet that is being deliberately levered to fund long‑term infrastructure. Cash flow is tight in the near term because of heavy capital spending, but that is typical for a regulated water provider aiming to modernize and expand its system. Its enduring strengths lie in its regulated monopoly position, trusted local brand, and disciplined approach to infrastructure and customer service. The main areas to watch are debt levels, regulatory outcomes around future rate cases, and how effectively the company turns its ongoing capital program and planned digital upgrades into higher efficiency and sustained earnings growth over time.