What is California Wtr Svc Group's earnings per share (EPS)?

California Wtr Svc Group (CWT) reported diluted earnings per share of $2.15 for fiscal year 2025. This represents a -33.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

California Wtr Svc Group (CWT) Financials

CWT

Trailing 12 months to June 30, 2026

Revenue $1.0B +3.9% YoY

Net Income $132.8M -2.2% YoY

EPS (Diluted) $2.22 -2.6% YoY

Operating Cash Flow $328.2M +27.6% YoY

Market Cap $3.1B as of Sep 3, 2026

Price / Sales 3.1x on $1.0B revenue, trailing 12 months to June 30, 2026

Price / Earnings 23.5x on $132.8M net income, trailing 12 months to June 30, 2026

Price / Book 1.7x on $1.8B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CWT SEC filings page.

California Wtr Svc Group (CWT) reported $1.0B in revenue over the twelve months to Jun 30, 2026, up 3.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CWT FY2025 2026-08-29

Capital-intensive expansion is funded by operating cash flow plus financing, while profitability remains sensitive to annual margin swings.

The FY2025 figures reveal cash conversion above accounting profit: operating cash flow was $302.6M against net income of $127.8M. Because depreciation was $146.5M while investing outflows reached $520.1M, reinvestment is a core cash demand, not an occasional use of funds.

Revenue reached $963.7M in FY2025, continuing a multi-year rise, but that growth has not guaranteed stable earnings conversion. Operating margin fell to 17.7% from 24.9% in FY2024, consistent with a prior-year earnings step-up followed by normalization rather than a smooth trajectory.

The funding mix became more leveraged as investment expanded: debt-to-equity rose from 0.7x in FY2024 to 0.9x in FY2025. Current ratio was 0.8x, below 1.0, while financing provided $219.3M; together, these figures show that internally generated cash does not fully fund the reported investment pace.

Financial Health Signals

Financial Health Score 44/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of California Wtr Svc Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

California Wtr Svc Group has an operating margin of 17.7%, meaning the company retains $18 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is down from 24.9% the prior year.

Growth

California Wtr Svc Group's revenue grew 6.4% year-over-year to $963.7M, a solid pace of expansion. This earns a growth score of 87/100.

Leverage

California Wtr Svc Group has a moderate D/E ratio of 0.87. This balance of debt and equity financing earns a leverage score of 46/100.

Liquidity

California Wtr Svc Group's current ratio of 0.85 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Not available for California Wtr Svc Group, and counted as zero in the overall score.

Returns

California Wtr Svc Group generates a 7.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is down from 11.7% the prior year.

Altman Z-Score Distress

0.91

California Wtr Svc Group scores 0.91, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.1B) relative to total liabilities ($4.0B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

California Wtr Svc Group passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.37x

For every $1 of reported earnings, California Wtr Svc Group generates $2.37 in operating cash flow ($302.6M OCF vs $127.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.42x

California Wtr Svc Group earns $2.42 in operating income for every $1 of interest expense ($170.4M vs $70.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$278.0M

YoY+8.5%

QoQ+40.9%

5Y CAGR+5.5%

California Wtr Svc Group generated $278.0M in revenue in Q2 2026. This represents an increase of 8.5% from the same quarter a year earlier. Against the prior quarter it is up 40.9%.

EBITDA

$100.9M

YoY+14.2%

QoQ+72.7%

5Y CAGR+7.5%

10Y CAGR+11.2%

California Wtr Svc Group's EBITDA was $100.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.2% from the same quarter a year earlier. Against the prior quarter it is up 72.7%.

Net Income

$56.5M

YoY+33.9%

QoQ+1298.7%

5Y CAGR+8.1%

10Y CAGR+17.2%

California Wtr Svc Group reported $56.5M in net income in Q2 2026. This represents an increase of 33.9% from the same quarter a year earlier. Against the prior quarter it is up 1298.7%.

EPS (Diluted)

$0.93

YoY+31.0%

QoQ+1228.6%

5Y CAGR+4.4%

10Y CAGR+14.5%

California Wtr Svc Group earned $0.93 per diluted share (EPS) in Q2 2026. This represents an increase of 31.0% from the same quarter a year earlier. Against the prior quarter it is up 1228.6%.

Cash & Balance Sheet

Cash & Debt

$43.4M

YoY-14.0%

QoQ-25.2%

5Y CAGR-8.2%

10Y CAGR+3.5%

California Wtr Svc Group held $43.4M in cash against $1.5B in long-term debt as of Q2 2026.

Dividends Per Share

$0.34

YoY+11.7%

QoQ0.0%

California Wtr Svc Group paid $0.34 per share in dividends in Q2 2026. This represents an increase of 11.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

62M

YoY+3.8%

QoQ+3.3%

5Y CAGR+3.7%

10Y CAGR+2.6%

California Wtr Svc Group had 62M shares outstanding in Q2 2026. This represents an increase of 3.8% from the same quarter a year earlier. Against the prior quarter it is up 3.3%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Operating Margin

25.5%

YoY+5.3pp

QoQ+16.3pp

5Y CAGR+5.6pp

California Wtr Svc Group's operating margin was 25.5% in Q2 2026, reflecting core business profitability. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 16.3 percentage points.

Net Margin

20.3%

YoY+3.9pp

QoQ+18.3pp

5Y CAGR+2.3pp

California Wtr Svc Group's net profit margin was 20.3% in Q2 2026, showing the share of revenue converted to profit. This is up 3.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 18.3 percentage points.

Return on Equity

3.1%

YoY+0.6pp

QoQ+2.9pp

5Y CAGR-0.7pp

10Y CAGR+1.3pp

California Wtr Svc Group's ROE was 3.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$128K

YoY+21.9%

QoQ-84.4%

5Y CAGR+3.3%

10Y CAGR+4.6%

California Wtr Svc Group spent $128K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 21.9% from the same quarter a year earlier. Against the prior quarter it is down 84.4%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

CWT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CWT quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.0B	$963.7M+6.4%	$905.6M+14.6%	$790.3M+2.3%	$772.6M+0.9%	$765.7M+9.8%	$697.6M+5.0%	$664.4M-1.5%	$674.7M+8.4%	$622.5M+5.6%	$589.5M	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$144.0M	$141.6M+1.5%	$139.5M-1.9%	$142.2M+7.2%	$132.7M+4.8%	$126.7M+8.2%	$117.1M+7.8%	$108.6M+7.8%	$100.8M+8.0%	$93.3M+6.5%	$87.6M-22.6%	$113.1M+16.2%	$97.4M-0.7%	$98.1M+4.4%	$93.9M+9.5%	$85.8M
Operating Income	$185.3M	$170.4M-24.3%	$225.1M+191.8%	$77.1M-39.6%	$127.7M+0.7%	$126.8M-7.2%	$136.7M+37.5%	$99.4M-10.1%	$110.5M+3.2%	$107.1M+29.6%	$82.6M+16.1%	$71.2M-13.1%	$81.8M+10.6%	$74.0M+0.2%	$73.8M+9.9%	$67.2M
EBITDA	N/A	$316.9M-11.8%	$359.2M+79.4%	$200.3M-18.3%	$245.0M+2.8%	$238.4M+0.3%	$237.6M+24.6%	$190.7M-2.8%	$196.2M+5.7%	$185.7M+25.6%	$147.8M+10.1%	$134.3M-7.5%	$145.2M+8.1%	$134.3M+2.7%	$130.7M+9.7%	$119.1M
Interest Expense	$76.8M	$70.4M+16.0%	$60.7M+14.9%	$52.8M+13.1%	$46.7M+3.8%	$45.0M-0.1%	$45.0M+0.3%	$44.9M+12.5%	$39.9M+10.0%	$36.3M+8.4%	$33.5M+14.7%	$29.2M+2.5%	$28.5M-7.8%	$30.9M-2.0%	$31.5M-2.8%	$32.5M
Income Tax	$24.8M	$19.1M-55.0%	$42.5M+726.6%	-$6.8M-206.4%	$6.4M+55.8%	$4.1M-66.0%	$12.0M-32.0%	$17.7M+11.3%	$15.9M-56.9%	$36.8M+37.3%	$26.8M+6.0%	$25.3M-9.6%	$28.0M+36.7%	$20.5M-4.6%	$21.5M-7.4%	$23.2M
Net Income	$132.8M	$127.8M-33.0%	$190.8M+267.6%	$51.9M-45.9%	$96.0M-5.0%	$101.1M+4.4%	$96.8M+53.4%	$63.1M-3.8%	$65.6M-10.1%	$72.9M+49.9%	$48.7M+8.1%	$45.0M-20.7%	$56.7M+20.1%	$47.3M-3.2%	$48.8M+29.5%	$37.7M
EPS (Basic)	N/A	$2.15-34.0%	$3.26+258.2%	$0.91-48.6%	$1.77-9.7%	$1.96-0.5%	$1.97+50.4%	$1.31-3.7%	$1.36-10.5%	$1.52+49.0%	$1.02+8.5%	$0.94-21.0%	$1.19+16.7%	$1.02-12.8%	$1.17+30.0%	$0.90
EPS (Diluted)	$2.22	$2.15-33.8%	$3.25+257.1%	$0.91-48.6%	$1.77-9.7%	$1.96-0.5%	$1.97+50.4%	$1.31-3.7%	$1.36-10.5%	$1.52+50.5%	$1.01+7.4%	$0.94-21.0%	$1.19+16.7%	$1.02-12.8%	$1.17+30.0%	$0.90
Diluted Shares (Avg)	N/A	60M+1.7%	59M+2.9%	57M+4.8%	54M+5.3%	52M+4.8%	49M+2.3%	48M+0.2%	48M+0.1%	48M+0.1%	48M+0.2%	48M+0.1%	48M+3.0%	46M+10.8%	42M+0.3%	42M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$278.0M+8.5%	$197.3M+8.0%	$210.7M-3.3%	$314.1M+2.6%	$256.2M+13.0%	$182.7M+17.9%	$217.8M+10.3%	$306.2M+20.9%
SG&A Expenses	$36.2M+8.7%	$33.7M-1.4%	$37.8M+3.9%	$36.2M+2.2%	$33.3M+4.0%	$34.2M-4.0%	$36.4M-1.7%	$35.5M+3.6%
Operating Income	$70.9M+36.8%	$18.2M-18.7%	$25.6M-20.6%	$70.6M+5.8%	$51.8M+7.6%	$22.3M-71.3%	$32.2M-8.5%	$66.7M+53.5%
EBITDA	$100.9M+14.2%	$58.5M-0.7%	$62.4M-5.2%	$107.3M+6.9%	$88.4M+8.2%	$58.8M-47.1%	$65.8M-2.1%	$100.4M+35.9%
Interest Expense	$20.8M+19.2%	$19.6M+18.8%	$18.3M+16.8%	$18.1M+25.9%	$17.5M+17.7%	$16.5M+4.5%	$15.7M+20.4%	$14.4M+6.7%
Income Tax	$15.6M+79.9%	$1.5M-46.5%	-$4.9M-174.1%	$12.6M-27.7%	$8.7M-13.3%	$2.7M-83.8%	-$1.8M+81.6%	$17.4M+247.6%
Net Income	$56.5M+33.9%	$4.0M-69.7%	$11.1M-43.7%	$61.2M+0.9%	$42.2M+4.0%	$13.3M-80.9%	$19.7M-34.7%	$60.7M+76.2%
EPS (Basic)	$0.94+32.4%	$0.07-68.2%	$0.19-42.4%	$1.030.0%	$0.71+1.4%	$0.22-81.8%	$0.33-37.7%	$1.03+71.7%
EPS (Diluted)	$0.93+31.0%	$0.07-68.2%	$0.19-40.6%	$1.030.0%	$0.71+1.4%	$0.22-81.8%	$0.32-39.6%	$1.03+71.7%
Diluted Shares (Avg)	60M+1.4%	60M+0.3%	N/A	60M+1.1%	60M+2.2%	60M+3.1%	N/A	59M+2.2%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

CWT Balance Sheet

CWT quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$5.7B+9.5%	$5.2B+12.7%	$4.6B+7.8%	$4.3B+17.7%	$3.6B+6.7%	$3.4B+9.1%	$3.1B+9.6%	$2.8B+3.4%	$2.7B+13.8%	$2.4B+7.6%	$2.2B+2.5%	$2.2B+11.6%	$2.0B-1.8%	$2.0B+7.6%	$1.9B
Current Assets	$354.4M+9.3%	$324.1M+9.4%	$296.3M+0.3%	$295.5M-1.6%	$300.5M+12.9%	$266.0M+44.0%	$184.7M-2.1%	$188.7M-17.2%	$227.9M+60.4%	$142.1M+11.4%	$127.6M-17.2%	$154.1M+10.5%	$139.5M-4.8%	$146.6M+28.7%	$113.9M
Cash & Equivalents	$51.8M+3.4%	$50.1M+26.6%	$39.6M-36.2%	$62.1M-20.8%	$78.4M+75.9%	$44.6M+4.5%	$42.7M-9.6%	$47.2M-50.2%	$94.8M+265.4%	$25.9M+193.5%	$8.8M-54.9%	$19.6M-28.8%	$27.5M-29.1%	$38.8M+42.6%	$27.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$56.3M-3.9%	$58.6M-1.3%	$59.3M+7.8%	$55.1M-9.4%	$60.8M+38.1%	$44.0M+37.3%	$32.1M+6.7%	$30.0M-7.4%	$32.5M+7.1%	$30.3M-3.8%	$31.5M+22.1%	$25.8M-18.0%	$31.5M+5.0%	$30.0M+5.4%	$28.4M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$37.1M0.0%	$37.1M+0.1%	$37.0M+0.6%	$36.8M0.0%	$36.8M+15.6%	$31.8M+976.1%	$3.0M+13.2%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M
Total Liabilities	$4.0B+12.3%	$3.5B+11.9%	$3.2B+7.6%	$2.9B+20.0%	$2.5B-0.9%	$2.5B+6.1%	$2.3B+10.6%	$2.1B+3.0%	$2.0B+16.7%	$1.8B+9.6%	$1.6B+2.5%	$1.6B+14.7%	$1.4B-10.6%	$1.5B+8.4%	$1.4B
Current Liabilities	$418.2M-22.3%	$538.4M+25.1%	$430.3M+46.1%	$294.6M+8.4%	$271.9M-53.8%	$588.7M+64.1%	$358.7M+11.7%	$321.2M-34.6%	$491.0M+96.2%	$250.2M+69.2%	$147.9M-32.1%	$217.7M+30.7%	$166.6M-31.5%	$243.1M+60.0%	$151.9M
Non-Current Liabilities	$3.6B+18.6%	$3.0B+9.8%	$2.7B+3.3%	$2.6B+21.5%	$2.2B+15.7%	$1.9B-4.5%	$2.0B+10.4%	$1.8B+14.9%	$1.6B+3.5%	$1.5B+3.5%	$1.5B+8.1%	$1.3B+12.4%	$1.2B-6.6%	$1.3B+2.1%	$1.3B
Long-Term Debt	$1.5B+33.3%	$1.1B+4.9%	$1.1B0.0%	$1.1B-0.3%	$1.1B+35.2%	$781.1M-0.7%	$786.8M+10.8%	$710.0M+37.7%	$515.8M-3.0%	$531.7M+4.7%	$508.0M+21.2%	$419.2M-1.6%	$426.1M-1.9%	$434.5M-9.8%	$481.6M
Total Equity	$1.7B+3.3%	$1.6B+14.5%	$1.4B+8.2%	$1.3B+12.8%	$1.2B+27.2%	$921.3M+18.1%	$779.9M+6.8%	$730.2M+4.4%	$699.2M+6.0%	$659.5M+2.7%	$642.2M+2.5%	$626.6M+4.7%	$598.8M+26.4%	$473.7M+5.3%	$449.8M
Retained Earnings	$729.3M+8.1%	$674.9M+22.8%	$549.6M-1.3%	$556.7M+8.1%	$514.9M+11.7%	$461.1M+13.6%	$406.1M+3.6%	$392.1M+8.1%	$362.5M+11.8%	$324.1M+5.1%	$308.5M+4.4%	$295.6M+9.5%	$269.9M+7.0%	$252.3M+9.8%	$229.8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$6.0B+10.3%	$5.8B+9.9%	$5.7B+9.5%	$5.5B+10.1%	$5.4B+10.9%	$5.3B+10.0%	$5.2B+12.7%	$5.0B+24.1%
Current Assets	$407.2M+12.6%	$375.2M+17.5%	$354.4M+9.3%	$399.3M+10.0%	$361.6M+35.5%	$319.2M+12.7%	$324.1M+9.4%	$363.0M+20.1%
Cash & Equivalents	$43.4M-14.0%	$58.1M+30.7%	$51.8M+3.4%	$76.0M+27.6%	$50.5M+35.6%	$44.5M+3.8%	$50.1M+26.6%	$59.6M+71.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$72.3M-4.1%	$52.6M-2.4%	$56.3M-3.9%	$80.0M-1.3%	$75.4M+6.1%	$53.9M+5.0%	$58.6M-1.3%	$81.1M+3.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$37.1M0.0%	$37.1M0.0%	$37.1M0.0%	$37.1M+0.1%	$37.1M+0.1%	$37.1M+0.1%	$37.1M+0.1%	$37.0M+0.6%
Total Liabilities	$4.1B+10.7%	$4.1B+13.0%	$4.0B+12.3%	$3.8B+12.8%	$3.7B+12.6%	$3.6B+9.5%	$3.5B+11.9%	$3.4B+28.8%
Current Liabilities	$580.7M-15.4%	$545.0M-9.8%	$418.2M-22.3%	$729.9M+27.9%	$686.1M+33.9%	$604.1M+18.9%	$538.4M+25.1%	$570.7M+49.7%
Non-Current Liabilities	$3.6B+16.6%	$3.6B+17.5%	$3.6B+18.6%	$3.1B+9.7%	$3.1B+8.7%	$3.0B+7.8%	$3.0B+9.8%	$2.8B+25.3%
Long-Term Debt	$1.5B+33.3%	$1.5B+33.3%	$1.5B+33.3%	$1.1B+5.0%	$1.1B+5.0%	$1.1B+5.0%	$1.1B+4.9%	$1.1B0.0%
Total Equity	$1.8B+9.2%	$1.7B+3.1%	$1.7B+3.3%	$1.7B+4.4%	$1.7B+7.1%	$1.6B+11.0%	$1.6B+14.5%	$1.6B+15.3%
Retained Earnings	$749.7M+8.3%	$713.3M+6.8%	$729.3M+8.1%	$735.7M+9.5%	$692.3M+10.3%	$668.0M+10.7%	$674.9M+22.8%	$671.9M+25.7%

Not reported in any period shown, so not listed: Inventory.

CWT Cash Flow Statement

CWT quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$328.2M	$302.6M+4.0%	$290.9M+33.5%	$217.8M-10.6%	$243.8M+5.2%	$231.7M+96.5%	$117.9M-30.1%	$168.8M-5.7%	$179.0M+21.1%	$147.8M-7.9%	$160.4M+10.7%	$145.0M+13.1%	$128.1M+3.2%	$124.2M-5.9%	$131.9M+18.6%	$111.3M
Depreciation & Amortization	N/A	$146.5M+9.2%	$134.1M+8.9%	$123.1M+4.9%	$117.4M+5.2%	$111.6M+10.5%	$100.9M+10.6%	$91.3M+6.5%	$85.7M+9.1%	$78.6M+20.5%	$65.2M+3.2%	$63.2M-0.2%	$63.3M+5.1%	$60.3M+6.0%	$56.9M+9.4%	$52.0M
Stock-Based Compensation	N/A	$5.0M+33.0%	$3.7M+25.2%	$3.0M-42.0%	$5.2M-24.2%	$6.8M+48.3%	$4.6M-31.8%	$6.7M+114.3%	$3.1M+0.7%	$3.1M+9.4%	$2.8M+10.5%	$2.6M+17.4%	$2.2M+19.8%	$1.8M+27.0%	$1.4M+10.9%	$1.3M
Investing Cash Flow	-$567.3M	-$520.1M-9.5%	-$474.9M-21.9%	-$389.4M-16.1%	-$335.5M-11.5%	-$300.9M+13.1%	-$346.1M-25.4%	-$276.0M-1.1%	-$273.1M-32.2%	-$206.6M+10.5%	-$230.9M	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$232.1M	$219.3M+12.6%	$194.7M+13.5%	$171.5M+78.5%	$96.1M-8.2%	$104.7M-54.5%	$230.0M+123.8%	$102.7M+121.1%	$46.5M-63.7%	$128.1M+47.1%	$87.0M	N/A	N/A	N/A	N/A	N/A
Dividends Paid	$75.8M	$73.9M+12.8%	$65.5M+10.9%	$59.0M+9.0%	$54.2M+14.3%	$47.4M+13.5%	$41.8M+9.8%	$38.0M+5.5%	$36.0M+4.3%	$34.6M+4.5%	$33.1M+3.2%	$32.1M+3.2%	$31.1M+4.9%	$29.6M+12.2%	$26.4M+2.8%	$25.7M
Share Buybacks	$1.2M	$1.4M-0.1%	$1.4M-22.2%	$1.8M-8.4%	$2.0M+13.9%	$1.8M+5.2%	$1.7M-32.8%	$2.5M+51.8%	$1.6M+9.3%	$1.5M+102.3%	$744K+120.1%	$338K	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$63.6M+29.9%	$49.4M+28.5%	$47.9M-29.6%	$167.3M+64.3%	$48.9M-48.2%	$38.4M+44.9%	$68.1M-8.4%	$101.8M-3.9%
Depreciation & Amortization	$30.0M-17.9%	$40.3M+10.4%	$36.8M+9.5%	$36.7M+9.1%	$36.6M+9.1%	$36.5M+9.3%	$33.6M+5.0%	$33.6M+10.6%
Stock-Based Compensation	$1.7M+30.8%	$600K-53.8%	N/A	$1.5M+50.0%	$1.3M+225.0%	$1.3M+85.7%	N/A	$1.0M-16.7%
Investing Cash Flow	-$147.0M-23.1%	-$129.5M-17.8%	-$152.3M-8.8%	-$138.5M-15.0%	-$119.4M-14.2%	-$109.9M-0.1%	-$140.0M-27.5%	-$120.5M-17.8%
Financing Cash Flow	$68.8M-10.1%	$86.4M+31.1%	$80.1M+28.4%	-$3.3M-108.0%	$76.5M+1581.9%	$65.9M-23.9%	$62.4M+21.4%	$41.2M+269.7%
Dividends Paid	$20.1M+12.2%	$20.0M-1.2%	$17.9M+7.4%	$17.9M+8.5%	$17.9M+10.5%	$20.2M+25.1%	$16.7M+11.0%	$16.5M+9.8%
Share Buybacks	$128K+21.9%	$823K-25.8%	$107K+11.5%	$112K+7.7%	$105K+12.9%	$1.1M-2.9%	$96K-7.7%	$104K+15.6%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

CWT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CWT quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	17.7%-7.2pp	24.9%+15.1pp	9.8%-6.8pp	16.5%0.0pp	16.6%-3.0pp	19.6%+4.6pp	15.0%-1.4pp	16.4%-0.8pp	17.2%+3.2pp	14.0%	N/A	N/A	N/A	N/A	N/A
Net Margin	13.3%-7.8pp	21.1%+14.5pp	6.6%-5.9pp	12.4%-0.8pp	13.2%-0.7pp	13.9%+4.4pp	9.5%-0.2pp	9.7%-2.0pp	11.7%+3.5pp	8.3%	N/A	N/A	N/A	N/A	N/A
Return on Equity	7.5%-4.1pp	11.7%+8.0pp	3.6%-3.6pp	7.3%-1.4pp	8.6%-1.9pp	10.5%+2.4pp	8.1%-0.9pp	9.0%-1.4pp	10.4%+3.0pp	7.4%+0.4pp	7.0%-2.0pp	9.0%+1.2pp	7.9%-2.4pp	10.3%+1.9pp	8.4%
Return on Assets	2.3%-1.4pp	3.7%+2.6pp	1.1%-1.1pp	2.3%-0.5pp	2.8%-0.1pp	2.9%+0.8pp	2.0%-0.3pp	2.3%-0.3pp	2.7%+0.6pp	2.0%0.0pp	2.0%-0.6pp	2.6%+0.2pp	2.4%0.0pp	2.5%+0.4pp	2.0%
Current Ratio	0.85+0.2x	0.60-0.1x	0.69-0.3x	1.00-0.1x	1.10+0.7x	0.45-0.1x	0.51-0.1x	0.59+0.1x	0.46-0.1x	0.57-0.3x	0.86+0.2x	0.71-0.1x	0.84+0.2x	0.60-0.1x	0.75
Debt-to-Equity	0.87+0.2x	0.67-0.1x	0.74-0.1x	0.80-0.1x	0.90+0.1x	0.85-0.2x	1.010.0x	0.97+0.2x	0.74-0.1x	0.810.0x	0.79+0.1x	0.670.0x	0.71-0.2x	0.92-0.2x	1.07
Asset Turnover	0.170.0x	0.170.0x	0.170.0x	0.180.0x	0.210.0x	0.210.0x	0.210.0x	0.240.0x	0.230.0x	0.24	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	25.5%+5.3pp	9.2%-3.0pp	12.2%-2.6pp	22.5%+0.7pp	20.2%-1.0pp	12.2%-38.1pp	14.8%-3.0pp	21.8%+4.6pp
Net Margin	20.3%+3.9pp	2.1%-5.2pp	5.3%-3.8pp	19.5%-0.3pp	16.5%-1.4pp	7.3%-37.8pp	9.0%-6.2pp	19.8%+6.2pp
Return on Equity	3.1%+0.6pp	0.2%-0.6pp	0.7%-0.6pp	3.6%-0.1pp	2.5%-0.1pp	0.8%-3.9pp	1.2%-0.9pp	3.7%+1.3pp
Return on Assets	0.9%+0.2pp	0.1%-0.2pp	0.2%-0.2pp	1.1%-0.1pp	0.8%-0.1pp	0.3%-1.2pp	0.4%-0.3pp	1.2%+0.4pp
Current Ratio	0.70+0.2x	0.69+0.2x	0.85+0.2x	0.55-0.1x	0.530.0x	0.530.0x	0.60-0.1x	0.64-0.2x
Debt-to-Equity	0.81+0.1x	0.87+0.2x	0.87+0.2x	0.650.0x	0.670.0x	0.680.0x	0.67-0.1x	0.64-0.1x
Asset Turnover	0.050.0x	0.030.0x	0.040.0x	0.060.0x	0.050.0x	0.030.0x	0.040.0x	0.060.0x

Not reported in any period shown, so not listed: Gross Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.85), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
California Wtr Svc Group CWT	FY2025	$963.7M	$127.8M	13.3%	$3.1B	44/100
Amer States Wtr Co AWR	FY2025	$658.1M	$130.4M	19.8%	$3.5B	74/100
Chesapeake Utils Corp CPK	FY2025	$930.0M	$140.3M	15.1%	$3.2B	57/100
Aris Mining Corp ARIS	FY2025	$927.7M	$79.4M	8.6%	$4.1B	46/100
Middlesex Watr MSEX	FY2025	$194.7M	$43	0.0%	$1.1B	48/100
Essential Utilities Inc WTRG	FY2025	$5.1B	$1.1B	21.7%	$11.8B	66/100

Where California Wtr Svc Group Ranks

Frequently Asked Questions

What is California Wtr Svc Group's annual revenue?

California Wtr Svc Group (CWT) reported $963.7M in total revenue for fiscal year 2025. This represents a 6.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is California Wtr Svc Group's revenue growing?

California Wtr Svc Group (CWT) revenue grew by 6.4% year-over-year, from $905.6M to $963.7M in fiscal year 2025.

Is California Wtr Svc Group profitable?

Yes, California Wtr Svc Group (CWT) reported a net income of $127.8M in fiscal year 2025, with a net profit margin of 13.3%.

What is California Wtr Svc Group's EBITDA?

California Wtr Svc Group (CWT) had EBITDA of $316.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does California Wtr Svc Group have?

As of fiscal year 2025, California Wtr Svc Group (CWT) had $51.8M in cash and equivalents against $1.5B in long-term debt.

What is California Wtr Svc Group's operating margin?

California Wtr Svc Group (CWT) had an operating margin of 17.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is California Wtr Svc Group's net profit margin?

California Wtr Svc Group (CWT) had a net profit margin of 13.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does California Wtr Svc Group pay dividends?

Yes, California Wtr Svc Group (CWT) paid $1.24 per share in dividends during fiscal year 2025.

What is California Wtr Svc Group's return on equity (ROE)?

California Wtr Svc Group (CWT) has a return on equity of 7.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is California Wtr Svc Group's operating cash flow?

California Wtr Svc Group (CWT) generated $302.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are California Wtr Svc Group's total assets?

California Wtr Svc Group (CWT) had $5.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Does California Wtr Svc Group buy back shares?

Yes, California Wtr Svc Group (CWT) spent $1.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does California Wtr Svc Group have outstanding?

California Wtr Svc Group (CWT) had 60M shares outstanding as of fiscal year 2025.

What is California Wtr Svc Group's current ratio?

California Wtr Svc Group (CWT) had a current ratio of 0.85 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is California Wtr Svc Group's debt-to-equity ratio?

California Wtr Svc Group (CWT) had a debt-to-equity ratio of 0.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is California Wtr Svc Group's return on assets (ROA)?

California Wtr Svc Group (CWT) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is California Wtr Svc Group's P/E ratio?

California Wtr Svc Group (CWT) trades at 23.5x earnings, its market capitalization divided by net income of $132.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.1B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is California Wtr Svc Group's price-to-sales ratio?

California Wtr Svc Group (CWT) trades at 3.1x sales, its market capitalization divided by revenue of $1.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.1B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is California Wtr Svc Group's Altman Z-Score?

California Wtr Svc Group (CWT) has an Altman Z-Score of 0.91, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is California Wtr Svc Group's Piotroski F-Score?

California Wtr Svc Group (CWT) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are California Wtr Svc Group's earnings high quality?

California Wtr Svc Group (CWT) has an earnings quality ratio of 2.37x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can California Wtr Svc Group cover its interest payments?

California Wtr Svc Group (CWT) has an interest coverage ratio of 2.42x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is California Wtr Svc Group?

California Wtr Svc Group (CWT) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.