CWT
California Water Service Group
NYSE: CWT · UTILITIES · UTILITIES - REGULATED WATER
$42.24
-6.92% today
Updated 2026-04-30
Market cap
$2.72B
P/E ratio
21.11
P/S ratio
2.72x
EPS (TTM)
$2.15
Dividend yield
2.58%
52W range
$41 – $50
Volume
0.5M
California Water Service Group (CWT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $334.72M | $367.08M | $410.31M | $449.37M | $460.40M | $501.81M | $559.97M | $584.10M | $597.50M | $588.37M | $609.37M | $666.89M | $698.20M | $714.56M | $794.31M | $790.91M | $846.43M | $794.63M | $1.04B | $1.00B |
| Revenue growth (YoY) | — | +9.7% | +11.8% | +9.5% | +2.5% | +9.0% | +11.6% | +4.3% | +2.3% | -1.5% | +3.6% | +9.4% | +4.7% | +2.3% | +11.2% | -0.4% | +7.0% | -6.1% | +30.5% | -3.5% |
| Cost of revenue | $116.16M | $130.72M | $137.66M | $216.06M | $164.11M | $181.75M | $221.84M | $243.43M | $243.79M | $229.39M | $242.99M | $264.40M | $277.34M | $373.37M | $402.68M | $307.13M | $316.08M | $431.25M | $47.69M | $632.71M |
| Gross profit | $218.55M | $236.36M | $272.65M | $233.31M | $296.29M | $320.06M | $338.13M | $340.67M | $353.70M | $358.98M | $366.38M | $402.49M | $420.86M | $341.19M | $391.62M | $483.77M | $530.35M | $363.38M | $989.12M | $367.43M |
| Gross margin | 65.3% | 64.4% | 66.4% | 51.9% | 64.4% | 63.8% | 60.4% | 58.3% | 59.2% | 61.0% | 60.1% | 60.4% | 60.3% | 47.7% | 49.3% | 61.2% | 62.7% | 45.7% | 95.4% | 36.7% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $52.79M | $54.26M | $59.43M | $75.24M | $75.28M | $85.76M | $93.93M | $98.06M | $97.37M | $113.11M | $98.47M | $102.91M | $100.78M | $108.65M | $117.11M | $126.92M | $132.76M | $142.26M | $139.51M | $141.57M |
| Operating income | $55.60M | $62.06M | $81.98M | $58.12M | $61.81M | $67.17M | $73.84M | $74.00M | $81.85M | $71.15M | $76.19M | $94.62M | $110.54M | $99.41M | $136.67M | $126.77M | $127.66M | $77.14M | $225.05M | $181.59M |
| Operating margin | 16.6% | 16.9% | 20.0% | 12.9% | 13.4% | 13.4% | 13.2% | 12.7% | 13.7% | 12.1% | 12.5% | 14.2% | 15.8% | 13.9% | 17.2% | 16.0% | 15.1% | 9.7% | 21.7% | 18.2% |
| EBITDA | $86.25M | $96.29M | $94.81M | $97.90M | $133.85M | $142.57M | $155.28M | $153.06M | $171.69M | $158.66M | $169.22M | $211.18M | $205.39M | $213.30M | $251.65M | $259.87M | $263.34M | $217.54M | $424.26M | $358.02M |
| EBITDA margin | 25.8% | 26.2% | 23.1% | 21.8% | 29.1% | 28.4% | 27.7% | 26.2% | 28.7% | 27.0% | 27.8% | 31.7% | 29.4% | 29.9% | 31.7% | 32.9% | 31.1% | 27.4% | 40.9% | 35.8% |
| EBIT | $55.60M | $62.06M | $55.32M | $58.12M | $91.02M | $90.59M | $100.61M | $94.74M | $110.47M | $97.27M | $104.02M | $132.59M | $119.69M | $122.01M | $150.71M | $148.28M | $145.98M | $94.41M | $290.12M | $213.65M |
| Interest expense | $16.97M | $17.13M | $17.18M | $21.31M | $26.37M | $29.71M | $28.14M | $28.86M | $26.95M | $27.27M | $30.50M | $33.93M | $37.85M | $41.22M | $41.86M | $43.21M | $44.34M | $49.82M | $57.55M | $66.70M |
| Income tax | $15.30M | $17.89M | $24.13M | $17.57M | $24.16M | $29.45M | $21.45M | $20.47M | $27.97M | $25.29M | $26.82M | $33.36M | $15.87M | $17.67M | $12.02M | $4.09M | $6.38M | $-6.78M | $42.49M | — |
| Effective tax rate | 37.4% | 36.5% | 37.7% | 30.2% | 39.1% | 43.9% | 30.5% | 30.2% | 33.0% | 36.0% | 35.5% | 33.2% | 19.5% | 21.9% | 11.0% | 3.9% | 6.2% | -15.0% | 18.2% | 0.0% |
| Net income | $25.58M | $31.16M | $39.80M | $40.55M | $37.66M | $37.71M | $48.83M | $47.25M | $56.74M | $45.02M | $48.67M | $67.18M | $65.58M | $63.12M | $96.83M | $101.13M | $96.01M | $51.91M | $190.81M | $128.21M |
| Net income growth (YoY) | — | +21.8% | +27.7% | +1.9% | -7.1% | +0.1% | +29.5% | -3.2% | +20.1% | -20.7% | +8.1% | +38.0% | -2.4% | -3.8% | +53.4% | +4.4% | -5.1% | -45.9% | +267.6% | -32.8% |
| Profit margin | 7.6% | 8.5% | 9.7% | 9.0% | 8.2% | 7.5% | 8.7% | 8.1% | 9.5% | 7.7% | 8.0% | 10.1% | 9.4% | 8.8% | 12.2% | 12.8% | 11.3% | 6.5% | 18.4% | 12.8% |