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CIK 108985 · Water Utilities
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, YORW filings, SEC EDGAR
$480
Market cap ($MM)
$718
Enterprise value ($MM)
$78
Revenue · LTM ($MM)
$34
EBITDA · LTM ($MM)
44%
EBITDA margin
9.3x
EV / revenue
21.4x
EV / EBITDA
7.0x
Net debt / EBITDA
Coverage
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
Balance sheet & capacity
Indicative capacity read: 7.0x net debt / EBITDA with EBITDA of $33.8MM.
$0
Cash & equiv. ($MM)
$237
Total debt ($MM)
$237
Net debt ($MM)
7.0x
Net debt / EBITDA
Valuation
YORW versus the scaled public Water Utilities comparables.
Indexed share-price performance
YORW versus available Water Utilities peers and SPY.
-41%
YORW
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| York Water Co. | YORW | $78 | $34 | 44% | $480 | $718 | 9.3x | 21.4x | 7.0x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
YORW's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
120
Active years
16
Named deals
10
Avg / active year
7.5
Acq. cash outflow ($MM)
N/A
Banker read
Annual acquisition count
YORW cadence shown by annual acquisition count because verified spend is N/A.
Program diagnostics
Recent / prior
5 / 5
Last three years is broadly steady vs prior three.
Peak count year
FY17
3 disclosed acquisitions in the peak visible year.
Spend check
N/A
Disclosed spend is not clean enough for the chart.
Named evidence
10 rows
8.3% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Dec 31, 2017 | West York Borough wastewater acquisition | Water utilities | $0 | Operating revenues for the year increased $1,005, or 2.1%, from $47,584 for 2016 to $48,589 for 2017. The primary reasons for the increase were $899 of revenues from the DSIC an... | 10-K† |
| Aug 25, 2022 | Letterkenny Industrial Development Authority and Franklin County General Authority water and wastewater assets acquisition | Water utilities | $2,818 | On August 25, 2022, the Company completed the acquisition of the water assets and wastewater collection and treatment assets jointly owned by Letterkenny Industrial Development... | 10-K† |
| Jan 9, 2009 | West Manheim Township water system | Water utilities | $2,075 | On January 9, 2009, the Company completed the acquisition of the water system of West Manheim Township in York County, Pennsylvania. The Company had begun serving the customers... | 10-K† |
| Oct 12, 2023 | Conewago Industrial Park Water and Sewer Company | Water utilities | $590 | On October 12, 2023, the Company completed the acquisition of the water assets and wastewater collection and treatment assets of Conewago Industrial Park Water and Sewer Company... | 10-K† |
| Oct 12, 2023 | Conewago Industrial Park Water and Sewer Company | Water utilities | $590 | On October 12, 2023, the Company completed the acquisition of the water assets and wastewater collection and treatment assets of Conewago Industrial Park Water and Sewer Company... | 10-K† |
| Dec 1, 2022 | SYC WWTP, L.P. and Albright Trailer Park wastewater assets acquisition | Water utilities | $516 | On December 1, 2022, the Company completed the acquisition of the wastewater collection and treatment assets of SYC WWTP, L.P. and the Albright Trailer Park of R.T. Barclay, Inc... | 10-K† |
| Feb 23, 2017 | Acquisition of wastewater collection assets of West York Borough | Water utilities | $448 | On February 23, 2017, the Company completed the acquisition of the wastewater collection assets of West York Borough in York County, Pennsylvania. The Company began operating th... | 10-K† |
| Feb 23, 2017 | West York Borough wastewater collection assets acquisition | Water utilities | $448 | On February 23, 2017, the Company completed the acquisition of the wastewater collection assets of West York Borough in York County, Pennsylvania. The Company began operating th... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 16 SEC-backed facts across 7 cited filings.
Evidence
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
19
Named deal filings
7
Recent SEC filings
0
Evidence clips
6
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2024 | Mar 4, 2025 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 7 | $0.8MM | N/A | SEC filing |
| FY2023 | Mar 5, 2024 | Annual M&A 10-K | accepted | 1 | $0.6MM | $0.6MM | SEC filing |
| FY2022 | Mar 7, 2023 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 6 | $3.4MM | N/A | SEC filing |
| FY2021 | Mar 8, 2022 | Annual M&A 10-K | accepted | 1 | $12.0MM | $12.0MM | SEC filing |
| FY2020 | Mar 9, 2021 | Annual M&A 10-K | accepted | 2 | $1.2MM | $1.2MM | SEC filing |
| FY2019 | Mar 10, 2020 | Annual M&A 10-K | accepted | 1 | $2.1MM | $2.1MM | SEC filing |
| FY2018 | Mar 12, 2019 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 0 | N/A | N/A | SEC filing |
| FY2017 | Mar 6, 2018 | Annual M&A 10-K | accepted | 2 | $472MM | $472MM | SEC filing |
| FY2016 | Mar 7, 2017 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 2 | $50.0MM | N/A | SEC filing |
| FY2015 | Mar 8, 2016 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 5 | $352MM | N/A | SEC filing |
| FY2014 | Mar 10, 2015 | Annual M&A 10-K | accepted | 3 | $369MM | $369MM | SEC filing |
| FY2013 | Mar 11, 2014 | Annual M&A 10-K | accepted | 1 | $28.0MM | $29.0MM | SEC filing |
| FY2012 | Mar 12, 2013 | Annual M&A 10-K | quarantined (1 issue) | 3 | $661MM | $661MM | SEC filing |
| FY2011 | Mar 12, 2012 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2009 | Mar 11, 2010 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2008 | Mar 11, 2009 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2006 | Aug 9, 2006 | Annual M&A 10-K | accepted | 1 | N/A | $0.9MM | SEC filing |
| FY2005 | Mar 14, 2006 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2003 | Mar 12, 2004 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Mar 4, 2025 | 10-K | Conewago Industrial Park Water and Sewer Company | Annual M&ANamed deals | SEC filing |
| Mar 5, 2024 | 10-K | Letterkenny Industrial Development Authority and Franklin County General Authority water and wastewater assets acquisition; Conewago Industrial Park Water and Sewer Company; SYC WWTP, L.P. and Albright Trailer Park wastewater assets acquisition | Annual M&ANamed deals | SEC filing |
| Mar 12, 2019 | 10-K | Acquisition of wastewater collection assets of West York Borough | Annual M&ANamed deals | SEC filing |
| Mar 6, 2018 | 10-K | West York Borough wastewater acquisition; West York Borough wastewater collection assets acquisition | Annual M&ANamed deals | SEC filing |
| Mar 10, 2015 | 10-K | Asbury Pointe Water and Sewer Company wastewater facilities | Annual M&ANamed deals | SEC filing |
| Mar 12, 2012 | 10-K | West Manheim Township water system | Annual M&ANamed deals | SEC filing |
| Mar 3, 2026 | 10-K | York Haven Sewer Authority | Named deals | SEC filing |
West York Borough wastewater acquisition
10-K - Mar 6, 2018
Operating revenues for the year increased $1,005, or 2.1%, from $47,584 for 2016 to $48,589 for 2017. The primary reasons for the increase were $899 of revenues from the DSIC and $626 from the rece...
Letterkenny Industrial Development Authority and Franklin County General Authority water and wastewater assets acquisition
10-K - Mar 5, 2024
On August 25, 2022, the Company completed the acquisition of the water assets and wastewater collection and treatment assets jointly owned by Letterkenny Industrial Development Authority and Frankl...
West Manheim Township water system
10-K - Mar 12, 2012
On January 9, 2009, the Company completed the acquisition of the water system of West Manheim Township in York County, Pennsylvania. The Company had begun serving the customers of West Manheim Town...
Conewago Industrial Park Water and Sewer Company water and wastewater assets
10-K - Mar 4, 2025
On October 12, 2023, the Company completed the acquisition of the water assets and wastewater collection and treatment assets of Conewago Industrial Park Water and Sewer Company in Lancaster County...
Conewago Industrial Park Water and Sewer Company water and wastewater assets acquisition
10-K - Mar 5, 2024
On October 12, 2023, the Company completed the acquisition of the water assets and wastewater collection and treatment assets of Conewago Industrial Park Water and Sewer Company in Lancaster County...
SYC WWTP, L.P. and Albright Trailer Park wastewater assets acquisition
10-K - Mar 5, 2024
On December 1, 2022, the Company completed the acquisition of the wastewater collection and treatment assets of SYC WWTP, L.P. and the Albright Trailer Park of R.T. Barclay, Inc. in Shrewsbury and ...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.