AWR · American States Water Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $169.19M | - | $182.72M | $163.07M | $148.01M | - | $161.78M | $155.33M | $135.25M | - |
| Cost of Revenue | $17.33M | - | $16.51M | $12.89M | $15.70M | - | - | - | - | - |
| Gross Profit | $151.86M | - | $166.21M | $150.18M | $132.31M | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $28.15M | - | $25.41M | $25.22M | $26.88M | - | $24.20M | $23.49M | $25.35M | - |
| Total Operating Expenses | - | - | - | - | - | - | $106.71M | $103.58M | $96.28M | - |
| D&A | $12.68M | - | $11.93M | $11.68M | $11.58M | - | $10.85M | $10.77M | $10.72M | - |
| Operating Income | $51.37M | - | $61.73M | $50.96M | $45.55M | - | $55.07M | $51.75M | $38.97M | - |
| Interest Expense | $12.11M | - | $11.71M | $12.11M | $12.86M | - | $11.69M | $13.14M | $12.86M | - |
| Income Tax | $9.87M | - | $12.93M | $10.23M | $8.46M | - | $10.06M | $10.36M | $7.40M | - |
| Net Income | $29.95M | - | $41.17M | $33.69M | $26.84M | - | $35.83M | $31.86M | $23.14M | - |
| EPS - Basic | $0.76 | - | $1.06 | $0.87 | $0.70 | - | $0.95 | $0.85 | $0.62 | - |
| EPS - Diluted | $0.76 | - | $1.06 | $0.87 | $0.70 | - | $0.95 | $0.85 | $0.62 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $22.16M | $18.82M | $26.07M | $20.25M | $21.23M | $26.66M | $16.47M | $3.58M | $17.01M | $14.07M |
| Accounts Receivable | $39.74M | $38.32M | $46.58M | $42.18M | $34.01M | $37.70M | $44.42M | $39.08M | $28.90M | $34.25M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $79.41M | $86.02M | $81.66M | $76.07M | $67.77M | $88.59M | $76.70M | $71.98M | $69.58M | $68.70M |
| Current Assets | $221.36M | $231.07M | $250.78M | $252.31M | $238.24M | $233.35M | $222.36M | $209.52M | $205.09M | $205.98M |
| Total Assets | $2.73B | $2.72B | $2.66B | $2.61B | $2.55B | $2.50B | $2.42B | $2.35B | $2.29B | $2.25B |
| Current Liabilities | $181.60M | $174.61M | $197.47M | $162.07M | $294.30M | $285.52M | $321.43M | $299.12M | $178.58M | $166.62M |
| Long-term Debt | $782.74M | $782.70M | $790.26M | $789.48M | $690.21M | $640.38M | $640.25M | $640.03M | $575.53M | $575.55M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $1.06B | $1.05B | $1.01B | $972.52M | $956.41M | $920.05M | $879.47M | $833.48M | $800.49M | $776.11M |
| Retained Earnings | $630.61M | $620.43M | $611.30M | $589.62M | $573.93M | $564.91M | $554.19M | $535.90M | $520.12M | $512.93M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $71.64M | - | - | - | $45.06M | - | - | - | $45.81M | - |
| Investing Cash Flow | ($48.86M) | - | - | - | ($67.37M) | - | - | - | ($47.41M) | - |
| Financing Cash Flow | ($19.45M) | - | - | - | $16.88M | - | - | - | $4.54M | - |
| CapEx | $49.05M | - | - | - | $67.56M | - | - | - | $47.55M | - |
| Free Cash Flow | $22.59M | - | - | - | ($22.50M) | - | - | - | ($1.74M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 89.8% | - | 91.0% | 92.1% | 89.4% | - | - | - | - | - |
| Operating margin | 30.4% | - | 33.8% | 31.3% | 30.8% | - | 34.0% | 33.3% | 28.8% | - |
| EBITDA margin | 37.9% | - | 40.3% | 38.4% | 38.6% | - | 40.7% | 40.2% | 36.7% | - |
| Net margin | 17.7% | - | 22.5% | 20.7% | 18.1% | - | 22.1% | 20.5% | 17.1% | - |
| Free cash flow margin | 13.4% | - | - | - | -15.2% | - | - | - | -1.3% | - |
| FCF / Net income | 0.75 | - | - | - | -0.84 | - | - | - | -0.08 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 16.6% | - | 13.9% | 15.5% | 18.2% | - | 15.0% | 15.1% | 18.7% | - |
| Effective tax rate | 24.8% | - | 23.9% | 23.3% | 24.0% | - | 21.9% | 24.5% | 24.2% | - |
| Return on assets | 1.1% | - | 1.6% | 1.3% | 1.1% | - | 1.5% | 1.4% | 1.0% | - |
| Return on equity | 2.8% | - | 4.1% | 3.5% | 2.8% | - | 4.1% | 3.8% | 2.9% | - |
| Return on invested capital | 2.1% | - | 2.6% | 2.2% | 2.1% | - | 2.8% | 2.7% | 2.1% | - |
| Liquidity | ||||||||||
| Current ratio | 1.22 | 1.32 | 1.27 | 1.56 | 0.81 | 0.82 | 0.69 | 0.70 | 1.15 | 1.24 |
| Quick ratio | 1.22 | 1.32 | 1.27 | 1.56 | 0.81 | 0.82 | 0.69 | 0.70 | 1.15 | 1.24 |
| Cash ratio | 0.12 | 0.11 | 0.13 | 0.12 | 0.07 | 0.09 | 0.05 | 0.01 | 0.10 | 0.08 |
| Leverage | ||||||||||
| Debt / Equity | 0.74 | 0.75 | 0.78 | 0.81 | 0.72 | 0.70 | 0.73 | 0.77 | 0.72 | 0.74 |
| Debt / Assets | 0.29 | 0.29 | 0.30 | 0.30 | 0.27 | 0.26 | 0.26 | 0.27 | 0.25 | 0.26 |
| Debt / EBITDA | 12.22 | - | 10.73 | 12.60 | 12.08 | - | 9.71 | 10.24 | 11.58 | - |
| Interest coverage | 4.2x | - | 5.3x | 4.2x | 3.5x | - | 4.7x | 3.9x | 3.0x | - |
| Equity multiplier | 2.57 | 2.60 | 2.63 | 2.68 | 2.66 | 2.72 | 2.75 | 2.82 | 2.86 | 2.89 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | - | 0.07 | 0.06 | 0.06 | - | 0.07 | 0.07 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 86d | - | 93d | 94d | 84d | - | 100d | 92d | 78d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 1672d | - | 1805d | 2154d | 1575d | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 99.5x | - | 69.2x | 88.1x | 112.4x | - | 87.7x | 85.4x | 116.5x | - |
| P / B | 2.8x | - | 2.8x | 3.0x | 3.2x | - | 3.6x | 3.3x | 3.3x | - |
| P / S | 17.5x | - | 15.5x | 18.2x | 20.4x | - | 19.4x | 17.5x | 19.8x | - |
| EV / EBITDA | 58.2x | - | 48.9x | 59.6x | 64.5x | - | 57.1x | 53.6x | 65.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 14.3% | - | 12.9% | 5.0% | 9.4% | - | 6.6% | -1.3% | -16.2% | - |
| Revenue CAGR (3y) | 1.6% | - | 10.6% | 10.0% | 10.9% | - | 5.8% | 6.5% | 4.9% | - |
| Revenue CAGR (5y) | 7.6% | - | 6.4% | 6.1% | 6.3% | - | 3.8% | 4.5% | 5.9% | - |
| Gross profit growth (YoY) | 14.8% | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 12.8% | - | 12.1% | -1.5% | 16.9% | - | 6.4% | -12.2% | -23.8% | - |
| Net income growth (YoY) | 11.6% | - | 14.9% | 5.7% | 16.0% | - | 13.5% | -17.3% | -32.8% | - |
| EPS growth (YoY) | 8.6% | - | 11.6% | 2.4% | 12.9% | - | 11.8% | -18.3% | -33.3% | - |
| EPS CAGR (3y) | -6.5% | - | 15.4% | 17.2% | 22.6% | - | 7.7% | 5.7% | 6.0% | - |
| EPS CAGR (5y) | 7.9% | - | 8.0% | 4.7% | 13.0% | - | 4.6% | 3.4% | 12.1% | - |
| FCF growth (YoY) | - | - | - | - | -1194.1% | - | - | - | 95.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 11.2% | 13.6% | 14.8% | 16.7% | 19.5% | 18.5% | 14.0% | 10.4% | 9.5% | 9.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$658.07M totalWater Service Utility Operations$464.11M · 70.5%
Contracted Services$136.74M · 20.8%
Electric Service Utility Operations$57.22M · 8.7%
Product / service
$601.12M totalTariffbased Revenues$456.16M · 75.9%
Public Utilities Inventory Water$74.31M · 12.4%
Wastewater$62.44M · 10.4%
Surcharges Costrecovery Activities$5.56M · 0.9%
Other Productsand Services$2.67M · 0.4%
Peer comparison
Same SIC group: Water Supply
Comparing AMERICAN STATES WATER CO against the 5 most active filers in the same SIC group.
Dividends
$2.02/share trailing 12 months · +8.2% YoY
| Ex-date | Per share |
|---|---|
| May 18, 2026 | $0.5040 |
| Feb 23, 2026 | $0.5040 |
| Nov 14, 2025 | $0.5040 |
| Aug 15, 2025 | $0.5040 |
| May 19, 2025 | $0.4660 |
| Feb 18, 2025 | $0.4660 |
| Nov 15, 2024 | $0.4660 |
| Aug 16, 2024 | $0.4660 |
| May 17, 2024 | $0.4300 |
| Feb 16, 2024 | $0.4300 |
| Nov 14, 2023 | $0.4300 |
| Aug 14, 2023 | $0.4300 |
| May 18, 2023 | $0.3980 |
| Feb 17, 2023 | $0.3980 |
| Nov 14, 2022 | $0.3980 |
| Aug 12, 2022 | $0.3980 |
| May 13, 2022 | $0.3650 |
| Feb 14, 2022 | $0.3650 |
| Nov 12, 2021 | $0.3650 |
| Aug 13, 2021 | $0.3650 |
| May 14, 2021 | $0.3350 |
| Feb 12, 2021 | $0.3350 |
| Nov 13, 2020 | $0.3350 |
| Aug 14, 2020 | $0.3350 |