CWT · California Water Service Group - 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $963.70M | $905.62M | $790.33M | $772.62M | $765.70M | $697.58M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $141.57M | $139.51M | $142.24M | $132.72M | $126.69M | $117.06M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $146.52M | $134.14M | $123.12M | $117.36M | $111.58M | $100.94M |
| Operating Income | $170.37M | $225.05M | $77.14M | $127.66M | $126.77M | $136.67M |
| Interest Expense | $70.39M | $60.70M | $52.81M | $46.69M | $44.98M | $45.05M |
| Income Tax | $19.11M | $42.49M | ($6.78M) | $6.38M | $4.09M | $12.02M |
| Net Income | $128.21M | $190.81M | $51.91M | $96.01M | $101.13M | $96.83M |
| EPS - Basic | $2.15 | $3.26 | $0.91 | $1.77 | $1.96 | $1.97 |
| EPS - Diluted | $2.15 | $3.25 | $0.91 | $1.77 | $1.96 | $1.97 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $51.82M | $50.12M | $39.59M | $62.10M | $78.38M | $44.55M |
| Accounts Receivable | $56.32M | $58.59M | $59.35M | $55.08M | $60.78M | $44.02M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $175.73M | $167.53M | $157.31M | $140.99M | $144.37M | $131.72M |
| Current Assets | $354.43M | $324.14M | $296.29M | $295.54M | $300.46M | $266.02M |
| Total Assets | $5.67B | $5.18B | $4.60B | $3.85B | $3.62B | $3.39B |
| Current Liabilities | $418.16M | $538.36M | $430.34M | $294.65M | $256.58M | $588.71M |
| Long-term Debt | $1.47B | $1.10B | $1.05B | $1.05B | $1.06B | $781.10M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $1.69B | $1.64B | $1.43B | $1.32B | $730.16M | $921.34M |
| Retained Earnings | $729.28M | $674.92M | $549.57M | $556.70M | $525.94M | $472.21M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $302.56M | $290.87M | $217.82M | $243.77M | $231.72M | $117.92M |
| Investing Cash Flow | ($520.14M) | ($474.87M) | ($389.42M) | ($335.52M) | ($300.87M) | ($346.07M) |
| Financing Cash Flow | $219.26M | $194.72M | $171.54M | $96.12M | $104.68M | $229.98M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 17.7% | 24.9% | 9.8% | 16.5% | 16.6% | 19.6% |
| EBITDA margin | 32.9% | 39.7% | 25.3% | 31.7% | 31.1% | 34.1% |
| Net margin | 13.3% | 21.1% | 6.6% | 12.4% | 13.2% | 13.9% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 14.7% | 15.4% | 18.0% | 17.2% | 16.5% | 16.8% |
| Effective tax rate | 13.0% | 18.2% | -15.0% | 6.2% | 3.9% | 11.0% |
| Return on assets | 2.3% | 3.7% | 1.1% | 2.5% | 2.8% | 2.9% |
| Return on equity | 7.6% | 11.6% | 3.6% | 7.3% | 13.8% | 10.5% |
| Return on invested capital | 4.7% | 6.7% | 3.1% | 5.0% | 6.8% | 7.1% |
| Liquidity | ||||||
| Current ratio | 0.85 | 0.60 | 0.69 | 1.00 | 1.17 | 0.45 |
| Quick ratio | 0.85 | 0.60 | 0.69 | 1.00 | 1.17 | 0.45 |
| Cash ratio | 0.12 | 0.09 | 0.09 | 0.21 | 0.31 | 0.08 |
| Leverage | ||||||
| Debt / Equity | 0.87 | 0.67 | 0.74 | 0.80 | 1.45 | 0.85 |
| Debt / Assets | 0.26 | 0.21 | 0.23 | 0.27 | 0.29 | 0.23 |
| Debt / EBITDA | 4.65 | 3.08 | 5.26 | 4.30 | 4.43 | 3.29 |
| Interest coverage | 2.4x | 3.7x | 1.5x | 2.7x | 2.8x | 3.0x |
| Equity multiplier | 3.35 | 3.16 | 3.21 | 2.91 | 4.96 | 3.68 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.17 | 0.17 | 0.17 | 0.20 | 0.21 | 0.21 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 21d | 24d | 27d | 26d | 29d | 23d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 20.2x | 13.9x | 57.0x | 34.3x | 36.7x | 27.4x |
| P / B | 1.5x | 1.6x | 2.1x | 2.5x | 5.1x | 2.9x |
| P / S | 2.7x | 2.9x | 3.7x | 4.3x | 4.8x | 3.8x |
| EV / EBITDA | 12.6x | 10.3x | 19.8x | 17.5x | 19.7x | 14.3x |
| Growth | ||||||
| Revenue growth (YoY) | 6.4% | 14.6% | 2.3% | 0.9% | 9.8% | 5.0% |
| Revenue CAGR (3y) | 7.6% | 5.8% | 4.2% | 5.2% | 9.1% | - |
| Revenue CAGR (5y) | 6.7% | 6.4% | 6.0% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -24.3% | 191.8% | -39.6% | 0.7% | -7.2% | 37.5% |
| Net income growth (YoY) | -32.8% | 267.6% | -45.9% | -5.1% | 4.4% | 32.8% |
| EPS growth (YoY) | -33.8% | 257.1% | -48.6% | -9.7% | -0.5% | 50.4% |
| EPS CAGR (3y) | 6.7% | 18.4% | -22.7% | 10.6% | 13.0% | 12.1% |
| EPS CAGR (5y) | 1.8% | 19.9% | -7.7% | 4.8% | 14.2% | 15.9% |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 3.3% | 14.5% | 8.2% | 81.1% | -20.8% | 18.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.00B totalResidential$567.27M · 56.7%
Business$192.67M · 19.3%
Multiple Residential$84.00M · 8.4%
Public Authorities$54.68M · 5.5%
Service Other$34.11M · 3.4%
Industrial$30.96M · 3.1%
Non Regulated Services$18.44M · 1.8%
Operating And Maintenance$13.73M · 1.4%
Other Non Regulated Service$4.71M · 0.5%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Water Supply
Comparing CALIFORNIA WATER SERVICE GROUP against the 5 most active filers in the same SIC group.
Dividends
$1.27/share trailing 12 months · +5.8% YoY
| Ex-date | Per share |
|---|---|
| May 11, 2026 | $0.3350 |
| Feb 9, 2026 | $0.3350 |
| Nov 10, 2025 | $0.3000 |
| Aug 11, 2025 | $0.3000 |
| May 12, 2025 | $0.3000 |
| Feb 10, 2025 | $0.3400 |
| Nov 12, 2024 | $0.2800 |
| Aug 12, 2024 | $0.2800 |
| May 3, 2024 | $0.2800 |
| Feb 9, 2024 | $0.2800 |
| Nov 3, 2023 | $0.2600 |
| Aug 4, 2023 | $0.2600 |
| May 5, 2023 | $0.2600 |
| Feb 3, 2023 | $0.2600 |
| Nov 4, 2022 | $0.2500 |
| Aug 5, 2022 | $0.2500 |
| May 6, 2022 | $0.2500 |
| Feb 4, 2022 | $0.2500 |
| Nov 5, 2021 | $0.2300 |
| Aug 6, 2021 | $0.2300 |
| May 7, 2021 | $0.2300 |
| Feb 5, 2021 | $0.2300 |
| Nov 6, 2020 | $0.2130 |
| Aug 7, 2020 | $0.2130 |