CALIFORNIA WATER SERVICE GROUP CWT

Utilities SIC 4941 - Water Supply NAICS Utilities › Water, Sewage and Other Systems › Water Supply and Irrigation Systems derived NYSE

Last close 48.04 2026-10-23
Market cap $2.97B 2026-06-30 share count
52-week range 41.29 - 53.82

Valuation FY2025 figures against the last close

P/S3.1x
P/E22.3x
P/FCF9.8x
EV/EBITDA13.9x
Dividend yield2.5%
Diluted EPS2.15

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 2.153.260.911.771.961.971.311.361.521.02
EPS, diluted 2.153.250.911.771.961.971.311.361.521.01
Shares, diluted (wtd. avg.) 59.6M58.6M57.0M54.4M51.6M49.3M48.2M48.1M48.0M48.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 250M 500M 750M 1B Revenue, FY2016: 589.5M Revenue, FY2017: 622.5M Net income, FY2017: 72.9M Revenue, FY2018: 674.7M Net income, FY2018: 65.6M Revenue, FY2019: 664.4M Net income, FY2019: 63.1M Revenue, FY2020: 697.6M Net income, FY2020: 96.8M Revenue, FY2021: 765.7M Net income, FY2021: 101.1M Revenue, FY2022: 772.6M Net income, FY2022: 96M Revenue, FY2023: 790.3M Net income, FY2023: 51.9M Revenue, FY2024: 905.6M Net income, FY2024: 190.8M Revenue, FY2025: 963.7M Net income, FY2025: 127.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $589.5M $622.5M $674.7M $664.4M $697.6M $765.7M $772.6M $790.3M $905.6M $963.7M
Gross profit — — — — — — — — — —
Net income — $72.9M $65.6M $63.1M $96.8M $101.1M $96.0M $51.9M $190.8M $127.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 4941

TickerCompanyMarket capP/ERevenue growth
AWK American Water Works Company, Inc. $28.37B 25.1x 10.1%
WTRG Essential Utilities, Inc. $12.23B 7.6x 10.1%
AWR AMERICAN STATES WATER CO $3.39B 25.4x 8.2%
HTO H2O AMERICA $2.46B 20.2x 9.4%
MSEX MIDDLESEX WATER CO $1.06B 23.7x 1.5%
YORW YORK WATER CO $516.4M 22.9x 3.4%
CWCO Consolidated Water Co. Ltd. $445.0M 24.4x 11.0%
CDZI CADIZ INC $367.1M — 69.8%