CALIFORNIA WATER SERVICE GROUP CWT
Last close
50.03
2026-09-04
Market cap
$3.09B
2026-06-30 share count
52-week range
41.29 - 53.82
Valuation FY2025 figures against the last close
P/S3.2x
P/E23.3x
P/FCF10.2x
EV/EBITDA14.3x
Dividend yield2.4%
Diluted EPS2.15
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $963.7M | $905.6M | $790.3M | $772.6M | $765.7M | $697.6M | $664.4M | $674.7M | $622.5M | $589.5M |
| SG&A | $141.6M | $139.5M | $142.2M | $132.7M | $126.7M | $117.1M | $108.6M | $100.8M | $93.3M | $87.6M |
| Operating income | $170.4M | $225.1M | $77.1M | $127.7M | $126.8M | $136.7M | $99.4M | $110.5M | $107.1M | $82.6M |
| Interest expense | $70.4M | $60.7M | $52.8M | $46.7M | — | — | — | — | — | — |
| Pre-tax income | $146.9M | $233.3M | $58.7M | $102.4M | $105.2M | $108.8M | $80.8M | $81.5M | $109.8M | — |
| Income tax | $19.1M | $42.5M | $6.8M | $6.4M | $4.1M | $12.0M | $17.7M | $15.9M | $36.8M | $26.8M |
| Net income | $127.8M | $190.8M | $51.9M | $96.0M | $101.1M | $96.8M | $63.1M | $65.6M | $72.9M | — |
| EPS, basic | 2.15 | 3.26 | 0.91 | 1.77 | 1.96 | 1.97 | 1.31 | 1.36 | 1.52 | 1.02 |
| EPS, diluted | 2.15 | 3.25 | 0.91 | 1.77 | 1.96 | 1.97 | 1.31 | 1.36 | 1.52 | 1.01 |
| Shares, diluted (wtd. avg.) | $59.6M | $58.6M | $57.0M | $54.4M | $51.6M | $49.3M | $48.2M | $48.1M | $48.0M | $48.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $51.8M | $50.1M | $85.0M | $85.0M | $80.7M | $45.1M | $43.3M | $47.7M | $95.3M | $25.9M |
| Receivables | $56.3M | $58.6M | $59.3M | $55.1M | $60.8M | $44.0M | $32.1M | $30.0M | $32.5M | $30.3M |
| Total current assets | $354.4M | $324.1M | $296.3M | $295.5M | $300.5M | $266.0M | $184.7M | $188.7M | $227.9M | $142.1M |
| Goodwill | $37.1M | $37.1M | $37.0M | $36.8M | $36.8M | $31.8M | $3.0M | $2.6M | $2.6M | $2.6M |
| Other intangibles | $17.3M | $16.8M | $13.5M | $9.7M | $9.3M | $8.3M | $7.1M | $8.1M | $7.2M | $8.0M |
| Total assets | $5.67B | $5.18B | $4.60B | $4.26B | $3.62B | $3.39B | $3.11B | $2.84B | $2.74B | $2.41B |
| Accounts payable | $175.7M | $167.5M | $157.3M | $141.0M | $144.4M | $131.7M | $108.5M | $95.6M | $94.0M | $77.8M |
| Short-term debt | $2.3M | $72.4M | $672.0K | $3.3M | $5.2M | $5.1M | $21.9M | $104.9M | $15.9M | $26.2M |
| Total current liabilities | $418.2M | $538.4M | $430.3M | $294.6M | $271.9M | $588.7M | $358.7M | $321.2M | $491.0M | $250.2M |
| Long-term debt | $1.47B | $1.10B | $1.05B | $1.05B | $1.06B | $781.1M | $786.8M | $710.0M | $515.8M | $531.7M |
| Retained earnings | $729.3M | $674.9M | $549.6M | $556.7M | $514.9M | $461.1M | $406.1M | $392.1M | $362.5M | $324.1M |
| Total equity | $1.69B | $1.64B | $1.43B | $1.32B | $1.17B | $910.3M | $768.8M | $730.2M | $699.2M | $659.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $302.6M | $290.9M | $217.8M | $243.8M | $231.7M | $117.9M | $168.8M | $179.0M | $147.8M | $160.4M |
| Depreciation and amortisation | $146.5M | $134.1M | $123.1M | $117.4M | $111.6M | $100.9M | $91.3M | $85.7M | $78.6M | $65.2M |
| Stock-based compensation | $5.0M | $3.7M | $3.0M | $5.2M | $6.8M | $4.6M | $6.7M | $3.1M | $3.1M | $2.8M |
| Investing cash flow | -$520.1M | -$474.9M | -$389.4M | -$335.5M | -$300.9M | -$346.1M | -$276.0M | -$273.1M | -$206.6M | -$230.9M |
| Financing cash flow | $219.3M | $194.7M | $171.5M | $96.1M | $104.7M | $230.0M | $102.7M | $46.5M | $128.1M | $87.0M |
| Dividends paid | $73.9M | $65.5M | $59.0M | $54.2M | $47.4M | $41.8M | $38.0M | $36.0M | $34.6M | $33.1M |
| Buybacks | $1.4M | $1.4M | $1.8M | $2.0M | $1.8M | $1.7M | $2.5M | $1.6M | $1.5M | $744.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-040708.
Others in SIC 4941
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|---|---|---|---|---|
| AWK | American Water Works Company, Inc. | $27.96B | 24.7x | 10.1% |
| WTRG | Essential Utilities, Inc. | $11.83B | 7.3x | 10.1% |
| AWR | AMERICAN STATES WATER CO | $3.51B | 26.3x | 8.2% |
| HTO | H2O AMERICA | $2.69B | 22.0x | 9.4% |
| MSEX | MIDDLESEX WATER CO | $1.10B | 24.7x | 1.5% |
| YORW | YORK WATER CO | $552.6M | 24.5x | 3.4% |
| CWCO | Consolidated Water Co. Ltd. | $468.9M | 25.7x | 11.0% |
| ARTNA | ARTESIAN RESOURCES CORP | $373.7M | 16.4x | 4.6% |