Global Water Resources, Inc. (GWRS) intrinsic value & 10-year financials
Global Water Resources, Inc. (GWRS) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 7.2% a year to $55.8M, with an average return on invested capital of 4.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $7.99
- Market cap
- $216.3M
- Revenue (FY2025)
- $55.8M
- Revenue growth (10-yr CAGR)
- 7.2%
- ROIC (10-yr avg)
- 4.4%
- Free cash flow (FY2025)
- -$47.2M
GWRS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $55.8M | $3.0M | $0.11 | -$47.2M | 12.8% | 2.8% |
| FY2024 | $52.7M | $5.8M | $0.24 | -$10.5M | 17.8% | 4.5% |
| FY2023 | $53.0M | $8.0M | $0.33 | $3.1M | 23.2% | 6.2% |
| FY2022 | $44.7M | $5.5M | $0.24 | -$10.6M | 17.5% | 5.0% |
| FY2021 | $41.9M | $3.6M | $0.16 | $2.1M | 16.7% | 4.2% |
| FY2020 | $38.6M | $1.1M | $0.05 | $5.4M | 19.0% | 3.3% |
| FY2019 | $35.5M | $2.2M | $0.10 | $379.0K | 19.6% | 3.5% |
| FY2018 | $35.5M | $3.1M | $0.15 | $6.5M | 26.1% | 4.6% |
| FY2017 | $31.2M | $4.6M | $0.23 | -$9.7M | 23.5% | 6.3% |
| FY2016 | $29.8M | -$2.9M | -$0.15 | -$6.7M | 17.7% | 3.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Global Water Resources, Inc. has demonstrated mature, steady growth, with revenue compounding at 7.2% annually over the past decade.
Global Water Resources, Inc. has historically struggled to out-earn its cost of capital, averaging just 4.4% ROIC.
Global Water Resources, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Global Water Resources, Inc. is modeled at -8.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.87 per share.