Start here if you're new
what it is
It runs water, wastewater, and recycled water systems for Arizona communities.
how it gets paid
Last year Global Water Res made $56M in revenue. Residential water service was the main engine at $20M, or 36% of sales.
why it's growing
Revenue grew 5.8% last year. The quarter was driven by much stronger sales and better earnings than a year ago.
what just happened
Revenue jumped 172% to $42M, and EPS rose to $0.15.
At a glance
B balance sheet — gets the job done, barely
45/100 earnings predictability — expect surprises
53.3x trailing p/e — you're paying up for this one
4.1% dividend yield — cash in your pocket every quarter
5.3% return on capital — nothing to write home about
xvary composite: 48/100 — below average
What they do
It runs water, wastewater, and recycled water systems for Arizona communities.
Global Water runs 39 systems in Phoenix and Tucson. That is a lot of pipes for a small market. If your water, sewage, and recycled water all run through one operator, leaving is painful. Total Water Management means one utility bundle → plain English, the company handles the whole cycle → so your town keeps paying one network.
How they make money
$56M
annual revenue · their business grew +5.8% last year
Residential water service
$20M
+6.0%
Wastewater service
$15M
+5.0%
Commercial water service
$11M
+4.0%
Recycled water service
$7M
+8.0%
Connection and other fees
$3M
+3.0%
The products that matter
potable water distribution
Water Service
$40M · 71.4% of displayed segment revenue
This is the main event. The segment is shown at $40M and accounts for 71.4% of the revenue mix displayed on this page.
core utility service
sewage collection and treatment
Wastewater Service
$12M · 21.4% of displayed segment revenue
Wastewater is less glamorous than drinking water and just as billable. The segment is shown at $12M, or 21.4% of the displayed mix.
recurring by necessity
reclaimed water distribution
Recycled Water & Other
$4M · 7.2% of displayed segment revenue
This smaller bucket is shown at $4M and grew +8%. In Arizona, reuse is not a side project. It's part of the operating reality.
reuse matters here
Key numbers
$8.52
Share price
This is the whole setup. At $8.52, the stock trades like a small utility, not a fast grower.
$56M
Annual revenue
That is the size of the business. Small revenue makes every margin point matter.
53.3x
Trailing P/E
P/E → price divided by last year's earnings → you are paying 53.3 years of profits for one share.
4.1%
Dividend yield
Yield → cash return on your purchase price → the payout does real work here.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 75 / 100
- long-term debt $127M (38% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for GWRS right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue jumped 172% to $42M, and EPS rose to $0.15.
The quarter was driven by much stronger sales and better earnings than a year ago. That is what a utility looks like when volume and pricing both move.
$42M
revenue
$0.15
eps
172%
revenue growth
the number that mattered
Revenue was the clean read: $42M in the quarter, up 172% from last year.
source: company earnings report, 2026
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What could go wrong
Your #1 risk is Arizona water availability and regulator-controlled pricing.
high
Arizona drought and water rights
GWRS operates in one state, and that state is Arizona. If water availability tightens or water rights rules change, you are not dealing with a temporary margin headwind. You are dealing with the raw input for 100% of the business.
100% geographic exposure
high
rate-case lag
This is a regulated utility. Prices are not set by management mood. If operating costs rise faster than approved rates, earnings get pinched and stay pinched until regulators catch up.
direct pressure on earnings and dividend coverage
med
debt-funded expansion
The company carries $127M in long-term debt, equal to 38% of capital. That can work when customer additions and approved rates keep coming. It gets less comfortable when growth slows and capital costs rise.
$127M long-term debt
med
valuation leaves little room for utility-like returns
A 53.3x trailing P/E and roughly 35x forward P/E can survive only if the market keeps believing this is a special utility. A 5.3% return on capital makes that argument harder.
multiple compression risk
This is 100% Arizona exposure on a $53M revenue base, backed by $127M in long-term debt and a stock trading at 53.3x trailing earnings.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
Return on capital
The number on the page is 5.3% versus a 7.5% utility average. If that gap does not close, the premium valuation gets harder to defend.
calendar
Next earnings print
After a Q4 EPS result of $0.05, you want to see whether expense pressure eases or becomes the new baseline.
risk
Arizona Corporation Commission filings
Rate decisions matter here more than product launches ever will. If approved pricing lags cost inflation, shareholder patience gets tested.
trend
Revenue consistency
The displayed service lines grew +5% to +8%, but total revenue still fell -0.6%. You want cleaner alignment between segment growth and the headline number.
Analyst rankings
earnings predictability
45 / 100
In human-speak: analysts do not see this as a clean, highly predictable earnings story.
risk rank
3
A middle-of-the-pack risk score. Safer than many small caps, but not the kind of fortress utility profile that makes valuation irrelevant.
price stability
75 / 100
The stock itself has been steadier than the earnings line. That's useful, but it does not erase operating pressure.
source: institutional data
Institutional activity
institutional ownership data for GWRS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$9
current price
n/a
target midpoint · n/a from current
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