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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $197.33M | - | $314.10M | $256.22M | $182.70M | - | $306.24M | $226.66M | $154.90M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $33.69M | - | $36.24M | $33.32M | $34.17M | - | $35.45M | $32.04M | $35.60M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $40.29M | - | - | - | $36.49M | - | - | - | $33.40M | - |
| Operating Income | $18.16M | - | $70.61M | $51.81M | $22.34M | - | $66.75M | $48.17M | $77.89M | - |
| Interest Expense | $19.62M | - | $18.11M | $17.46M | $15.80M | - | $14.38M | $14.84M | $15.80M | - |
| Income Tax | $1.47M | - | $12.60M | $8.67M | $2.74M | - | $17.42M | $9.99M | $16.86M | - |
| Net Income | $4.04M | - | $61.23M | $42.17M | $13.33M | - | $60.68M | $40.55M | $69.92M | - |
| EPS - Basic | $0.07 | - | $1.03 | $0.71 | $0.22 | - | $1.03 | $0.70 | $1.21 | - |
| EPS - Diluted | $0.07 | - | $1.03 | $0.71 | $0.22 | - | $1.03 | $0.70 | $1.21 | - |
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 | $58.10M | $51.82M | $75.99M | $50.54M | $44.46M | $50.12M | $59.56M | $37.27M | $42.81M | $39.59M |
| Accounts Receivable | $52.58M | $56.32M | $79.99M | $75.44M | $53.89M | $58.59M | $81.08M | $71.13M | $51.35M | $59.35M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $164.80M | $175.73M | $188.18M | $166.96M | $141.29M | $167.53M | $171.50M | $143.53M | $119.84M | $157.31M |
| Current Assets | $375.16M | $354.43M | $399.31M | $361.58M | $319.22M | $324.14M | $362.95M | $266.81M | $283.13M | $296.29M |
| Total Assets | $5.78B | $5.67B | $5.52B | $5.40B | $5.26B | $5.18B | $5.01B | $4.87B | $4.78B | $4.60B |
| Current Liabilities | $544.96M | $418.16M | $729.92M | $686.08M | $604.08M | $538.36M | $570.73M | $512.50M | $507.88M | $430.34M |
| Long-term Debt | - | $1.47B | - | - | - | $1.10B | $1.05B | $1.05B | $1.05B | $1.05B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $1.68B | $1.69B | $1.70B | $1.66B | $1.63B | $1.64B | $1.63B | $1.55B | $1.47B | $1.43B |
| Retained Earnings | $713.33M | $729.28M | $735.67M | $692.32M | $668.02M | $674.92M | $671.91M | $627.71M | $603.33M | $549.57M |
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 | $49.39M | - | - | - | $38.42M | - | - | - | $26.52M | - |
| Investing Cash Flow | ($129.46M) | - | - | - | ($109.90M) | - | - | - | ($109.81M) | - |
| Financing Cash Flow | $86.44M | - | - | - | $65.92M | - | - | - | $86.59M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
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 | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 9.2% | - | 22.5% | 20.2% | 12.2% | - | 21.8% | 21.2% | 50.3% | - |
| EBITDA margin | 29.6% | - | - | - | 32.2% | - | - | - | 71.8% | - |
| Net margin | 2.0% | - | 19.5% | 16.5% | 7.3% | - | 19.8% | 17.9% | 45.1% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 17.1% | - | 11.5% | 13.0% | 18.7% | - | 11.6% | 14.1% | 23.0% | - |
| Effective tax rate | 26.6% | - | 17.1% | 17.0% | 17.0% | - | 22.3% | 19.8% | 19.4% | - |
| Return on assets | 0.1% | - | 1.1% | 0.8% | 0.3% | - | 1.2% | 0.8% | 1.5% | - |
| Return on equity | 0.2% | - | 3.6% | 2.5% | 0.8% | - | 3.7% | 2.6% | 4.8% | - |
| Return on invested capital | - | - | - | - | - | - | 1.9% | 1.5% | 2.5% | - |
| Liquidity | ||||||||||
| Current ratio | 0.69 | 0.85 | 0.55 | 0.53 | 0.53 | 0.60 | 0.64 | 0.52 | 0.56 | 0.69 |
| Quick ratio | 0.69 | 0.85 | 0.55 | 0.53 | 0.53 | 0.60 | 0.64 | 0.52 | 0.56 | 0.69 |
| Cash ratio | 0.11 | 0.12 | 0.10 | 0.07 | 0.07 | 0.09 | 0.10 | 0.07 | 0.08 | 0.09 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.87 | - | - | - | 0.67 | 0.64 | 0.68 | 0.72 | 0.74 |
| Debt / Assets | - | 0.26 | - | - | - | 0.21 | 0.21 | 0.22 | 0.22 | 0.23 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 9.45 | - |
| Interest coverage | 0.9x | - | 3.9x | 3.0x | 1.4x | - | 4.6x | 3.2x | 4.9x | - |
| Equity multiplier | 3.43 | 3.35 | 3.24 | 3.26 | 3.22 | 3.16 | 3.07 | 3.15 | 3.25 | 3.21 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.06 | 0.05 | 0.03 | - | 0.06 | 0.05 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 97d | - | 93d | 107d | 108d | - | 97d | 115d | 121d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 647.7x | - | 44.6x | 64.1x | 220.3x | - | 52.6x | 69.3x | 38.4x | - |
| P / B | 1.6x | - | 1.6x | 1.6x | 1.8x | - | 2.0x | 1.8x | 1.8x | - |
| P / S | 13.7x | - | 8.7x | 10.6x | 15.8x | - | 10.4x | 12.5x | 17.3x | - |
| EV / EBITDA | 45.4x | - | - | - | 48.3x | - | - | - | 33.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.0% | - | 2.6% | 13.0% | 17.9% | - | 20.9% | 16.7% | 6.7% | - |
| Revenue CAGR (3y) | 10.8% | - | 9.6% | 8.9% | 4.8% | - | 8.7% | 2.2% | 1.9% | - |
| Revenue CAGR (5y) | 6.1% | - | 7.1% | 8.2% | 6.3% | - | 7.3% | 6.2% | 5.7% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -18.7% | - | 5.8% | 7.6% | -71.3% | - | 53.5% | 202.0% | - | - |
| Net income growth (YoY) | -69.7% | - | 0.9% | 4.0% | -80.9% | - | 76.2% | 324.4% | - | - |
| EPS growth (YoY) | -68.2% | - | 0.0% | 1.4% | -81.8% | - | 71.7% | 311.8% | - | - |
| EPS CAGR (3y) | - | - | 0.0% | 25.4% | 122.4% | - | -5.0% | -2.3% | - | - |
| EPS CAGR (5y) | - | - | -11.9% | 45.2% | - | - | 3.2% | 14.9% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.1% | 3.3% | 4.4% | 7.1% | 11.0% | 14.5% | 15.3% | 11.0% | 12.9% | 8.2% |
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%
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 |