YORK WATER CO YORW
The York Water Company (the "Company") is the oldest investor-owned water utility in the United States and is duly organized under the laws of the
Commonwealth of Pennsylvania. The Company has operated continuously since 1816. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. The Company also owns and operates
three wastewater collection systems and twelve wastewater collection and treatment systems. The Company operates within its franchised water and wastewater territory, which covers portions of 58 municipalities within four counties in south-central
Pennsylvania. The Company is regulated by the Pennsylvania Public Utility Commission, or PPUC, for both water and wastewater in the areas of billing, payment procedures, dispute processing, terminations, service territory, debt and equity
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.0M | $74.5M | $70.5M | $59.6M | $54.6M | $53.3M | $51.1M | $47.9M | $48.1M | — |
| SG&A | $12.9M | $12.6M | $10.9M | $9.9M | $9.8M | $9.3M | $8.5M | $8.1M | $8.1M | $9.1M |
| Operating income | $27.7M | $28.0M | $29.5M | $24.5M | $23.4M | $24.4M | $23.8M | $22.5M | $23.7M | $22.9M |
| Interest expense | — | — | $7.0M | $5.1M | $4.9M | $4.7M | $5.1M | $5.5M | $5.3M | $5.3M |
| Pre-tax income | $19.2M | $21.7M | $25.0M | $19.6M | $18.1M | $18.6M | $16.6M | $15.9M | $17.5M | $17.3M |
| Income tax | $816.0K | $1.4M | $1.3M | $15.0K | $1.1M | $2.0M | $2.2M | $2.5M | $4.5M | $5.4M |
| Net income | $20.1M | $20.3M | $23.8M | $19.6M | $17.0M | $16.6M | $14.4M | $13.4M | $13.0M | $11.8M |
| EPS, basic | 1.39 | 1.42 | 1.66 | 1.40 | 1.30 | 1.27 | 1.11 | 1.04 | 1.01 | 0.92 |
| EPS, diluted | 1.39 | 1.42 | 1.66 | 1.40 | 1.30 | 1.27 | 1.11 | 1.04 | 1.01 | 0.92 |
| Shares, diluted (wtd. avg.) | $14.4M | $14.3M | $14.3M | $14.0M | $13.1M | $13.0M | $13.0M | $12.9M | $12.8M | $12.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $5.0M | $2.0K | $2.0K | $2.0K | $4.2M |
| Receivables | $8.6M | $7.2M | $7.8M | $6.7M | $4.6M | $5.2M | $4.4M | $4.8M | $4.5M | $4.3M |
| Total current assets | $18.4M | $16.5M | $15.6M | $14.2M | $11.3M | $16.3M | $9.4M | $9.0M | $8.6M | $12.6M |
| Property, plant and equipment | $1.5M | $1.5M | $1.6M | $696.0K | $717.0K | $742.0K | $769.0K | $714.0K | $737.0K | $745.0K |
| Total assets | $680.9M | $633.5M | $588.2M | $510.6M | $458.9M | $407.0M | $363.5M | $345.1M | $332.0M | $320.5M |
| Accounts payable | $8.4M | $9.5M | $10.9M | $10.8M | $6.7M | $6.5M | $3.5M | $3.0M | $3.1M | $3.7M |
| Short-term debt | $330.0K | $0 | — | $0 | $7.5M | $0 | $6.5M | $30.0K | $44.0K | $44.0K |
| Total current liabilities | $27.6M | $18.3M | $18.1M | $17.0M | $20.1M | $12.0M | $15.2M | $10.8M | $9.1M | $8.2M |
| Long-term debt | $221.9M | $205.6M | $180.0M | $139.5M | $138.9M | $123.6M | $94.5M | $93.3M | $90.1M | $84.6M |
| Retained earnings | $100.4M | $93.1M | $85.0M | $73.0M | $64.4M | $57.3M | $50.2M | $44.9M | $40.2M | $35.5M |
| Total equity | $240.3M | $231.2M | $221.2M | $207.2M | $152.6M | $143.3M | $134.2M | $126.2M | $119.4M | $114.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $29.9M | $30.6M | $31.9M | $22.0M | $23.0M | $20.2M | $18.9M | $18.4M | $20.1M | $19.4M |
| Depreciation and amortisation | $14.2M | $13.0M | $11.7M | $10.1M | $8.9M | $8.2M | $7.7M | $7.0M | $6.8M | $6.4M |
| Capital expenditure | — | — | — | — | — | — | — | $16.9M | $24.6M | $13.2M |
| Investing cash flow | -$48.7M | -$49.0M | -$65.3M | -$53.9M | -$46.4M | -$32.6M | -$20.5M | -$16.8M | -$25.1M | -$12.5M |
| Financing cash flow | $18.9M | $18.4M | $33.4M | $31.9M | $18.4M | $17.4M | $1.7M | -$1.6M | $756.0K | -$5.5M |
| Dividends paid | $12.6M | $12.1M | $11.6M | $10.7M | $9.8M | $9.4M | $9.0M | $8.6M | $8.2M | $8.0M |
| Buybacks | — | — | — | — | — | — | — | $0 | $1.3M | $1.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000108985-26-000015.
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