greeksoup/ stock research
Stock research / United States / CWT · Water Supply · NYSE

California Water Service Group (CWT)

Compare with another name

California Water Service Group (CWT) reported revenue of $278 million for Q2 FY2026, the quarter ended 30 June 2026, up 8.5% on the same quarter a year earlier. Net income was $56 million, up 33.9% on the year, and diluted earnings per share $0.93. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$278 millionup 8.5%
Net income$56 millionup 33.9%
Diluted EPS$0.93
QuarterQ2 FY2026ended 30 June 2026

California Water Service Group (CWT) in brief

California Water Service Group (CWT) reported revenue of $964 million for fiscal 2025, the year ended 31 December 2025, up 6.4% on the year before.
Read moreNet income was $128 million and diluted earnings per share $2.15. Revenue was $906 million in fiscal 2024, $790 million in fiscal 2023, $773 million in fiscal 2022 and $766 million in fiscal 2021. Net income in the same years was $191 million, $52 million, $96 million and $101 million. Over the twelve months to 30 June 2026, California Water Service Group reported revenue of $1.0 billion and net income of $133 million. Revenue grew 6.7% a year, compounded, over the five years to fiscal 2025. California Water Service Group declared $1.24 a share in dividends over the last four quarters and had 62 million shares outstanding at the latest filed count. At the close of 9 October 2026 the market cap of California Water Service Group was $2.8 billion, 20.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE7.4%
ROCE5.6%
Operating margin18.5%
Net margin13.3%
FCF marginn/a
Interest cover2.41
Debt to equity0.81
Cash conversion2.46
Share count, 1 year3.8%
Sales CAGR, 3 years7.6%
Profit CAGR, 3 years10.1%
EPS, TTM$2.22

At the close of 9 October 2026

Price$45.93
Market cap$2.8 billion
Stock P/E20.69
Price to book1.57
EV / EBITDA12.97
Dividend yield2.7%
Market cap / sales2.84
52-week high$52.44
52-week low$42.24
Price, 1 year-1.8%
Price CAGR, 3 years-1.9%
Price CAGR, 5 years-5.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the one borrowings figure California Water Service Group files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
CWTgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CWT

Filings21 in twelve months: 14 current reports (8-K), about 8 other events; 4 results of operations; 3 regulation FD disclosure; 1 shareholder vote
Planned insider sales3 Form 144 notices in twelve months, $516,569; latest 13 August 2026
Options tapeput/call 1.01 by open interest at the 9 October 2026 close; the straddle prices a 21.3% move to 16 October 2026
13F holders6 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading7 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest2.5 million shares short, 5.65 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue253198155227306218183256314211197278
Operating income43.535.277.948.266.732.222.351.870.625.618.270.9
Operating margin17%18%50%21%22%15%12%20%22%12%9%26%
Interest expense13.513.015.814.814.415.716.517.518.118.319.620.8
Net income34.430.169.940.660.719.713.342.261.211.54.056.5
Net margin14%15%45%18%20%9%7%16%19%5%2%20%
Diluted EPS$0.60$0.54$1.21$0.70$1.03$0.33$0.22$0.71$1.03$0.19$0.07$0.93
Operating cash flow10674.326.594.410268.138.448.916747.949.463.6
Buybacks0.10.11.10.10.10.11.10.10.10.10.80.1
Dividends paid15.015.016.216.216.516.720.217.917.917.920.020.1
Shares outstanding58m58m58m59m59m59m60m60m60m60m60m62m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue5906226756646987667737909069641,000
Operating income82.610711199.413712712877.1225170185
Operating margin14.0%17.2%16.4%15.0%19.6%16.6%16.5%9.8%24.9%17.7%18.5%
Interest expense33.536.339.944.945.045.046.752.860.770.476.8
Income tax26.836.815.917.712.04.16.4-6.842.519.124.8
Net income48.772.965.663.196.810196.051.9191128133
Net margin8.3%11.7%9.7%9.5%13.9%13.2%12.4%6.6%21.1%13.3%13.3%
Diluted EPS$1.01$1.40$1.36$1.31$1.97$1.96$1.77$0.91$3.25$2.15$2.22
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Residential46353856758.7%
Business15918019319.9%
Multiple residential67.776.884.08.7%
Public authorities40.849.254.75.7%
Industrial28.130.431.03.2%
Non-regulated revenue from contracts with customers16.018.218.41.9%
Contract operating and maintenance revenue12.513.813.71.4%
Other non-regulated revenue3.54.44.70.5%
ResidentialBusinessMultiple residentialPublic authoritiesIndustrialNon-regulated revenue from contracts with customersContract operating and maintenance revenueOther non-regulated revenue
791FY2023911FY2024966FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow160148179169118232244218291303328
Cash from investing-231-207-273-276-346-301-336-389-475-520-567
Cash from financing87.012846.510323010596.1172195219232
Depreciation and amortisation65.278.685.791.3101112117123134147144
Share-based compensation2.83.13.16.74.66.85.23.03.75.04.4
Buybacks0.71.51.62.51.71.82.01.81.41.41.2
Dividends paid33.134.636.038.041.847.454.259.065.573.975.8
Dividend per share$0.69$0.72$0.75$0.79$0.85$0.92$1.00$1.04$1.12$1.24n/a
Diluted shares, weighted48m48m48m48m49m52m54m57m59m60m60m
Shares outstanding at period end48m48m48m49m50m54m56m58m59m60m62m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity6596997307809211,1721,3221,4301,6381,6921,810
Non-controlling interestn/an/an/an/a0.0n/an/an/an/an/an/a
Short-term borrowings97.127565.117537035.070.0180205130205
Debt5585328158097861,0611,0561,0531,1771,4741,472
Operating lease liabilitiesn/an/an/a12.913.913.613.812.612.311.3n/a
Finance lease liabilitiesn/an/an/a5.24.54.92.73.10.70.0n/a
Other liabilities1,0971,2341,2281,3301,2981,3371,8001,9162,1472,3642,468
Total liabilities and equity2,4122,7402,8383,1113,3943,6234,2654,5965,1805,6715,955
Owned
Goodwill2.62.62.63.031.836.836.837.037.137.137.1
Intangible assets8.07.28.17.18.39.39.713.516.817.3n/a
Cash and equivalents25.594.847.242.744.678.462.139.650.151.843.4
Receivables30.332.530.032.144.060.855.159.358.656.372.3
Other assets2,3452,6032,7503,0273,2663,4384,1014,4465,0185,5095,802
Total assets2,4122,7402,8383,1113,3943,6234,2654,5965,1805,6715,955
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a6.7%7.6%3.9%
Profit growth, compoundedn/a5.8%10.1%-1.9%
Return on equity, average8.4%7.7%7.6%7.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was California Water Service Group's revenue in fiscal 2025?

California Water Service Group (CWT) reported revenue of $964 million for fiscal 2025, the year ended 31 December 2025, up 6.4% on the year before.

How much did California Water Service Group earn in fiscal 2025?

Net income was $128 million for fiscal 2025, and diluted earnings per share $2.15.

What is California Water Service Group's P/E ratio?

At the close of 9 October 2026, California Water Service Group traded at 20.7 times its earnings over the twelve months to 30 June 2026.

What is California Water Service Group's market cap?

The market cap of California Water Service Group was $2.8 billion at the close of 9 October 2026.

Does California Water Service Group pay a dividend?

Yes. California Water Service Group declared $1.24 a share in dividends over the four quarters to 30 June 2026.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
American Water Works Company, Inc. AWK$25.6 billion22.349.7%36.9%6.9%1.202.6%
Essential Utilities, Inc. WTRG$11.1 billion19.897.9%35.1%9.9%1.204.8%
MDU Resources Group Inc. MDU$3.9 billion19.726.7%17.0%-1.1%0.882.9%
Otter Tail Corp. OTTR$3.7 billion18.8510.4%17.2%-0.2%0.602.4%
American States Water Co. AWR$3.3 billion22.5412.8%31.8%13.2%0.642.4%
Chesapeake Utilities Corp. CPK$3.1 billion20.399.0%27.3%14.6%0.902.1%
Avista Corp. AVA$3.0 billion12.818.0%18.8%-1.8%1.165.5%
California Water Service Group CWT$2.8 billion20.697.4%18.5%3.9%0.812.7%
MGE Energy Inc. MGEE$2.7 billion17.2510.4%22.0%7.1%0.612.6%
H2O America HTO$2.4 billion20.665.8%21.5%5.0%1.022.9%
Northwest Natural Holding Co. NWN$2.0 billion15.908.1%22.8%4.4%1.604.1%
Middlesex Water Co. MSEX$1.0 billion20.639.2%29.2%5.3%0.762.6%
All 69 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$161.4 billion17.3916.3%29.8%10.8%1.732.9%
Constellation Energy Corp. CEG$105.8 billion29.0610.8%14.7%26.0%0.600.1%
Southern Co. SO$97.1 billion20.7611.0%24.2%6.4%1.623.4%
Duke Energy Corp. DUK$91.0 billion17.549.6%27.8%6.3%1.503.6%
Williams Companies, Inc. WMB$88.9 billion28.9523.3%38.2%8.7%2.132.8%
National Grid plc NGG *$79.5 billion17.738.2%30.7%-3.8%1.192.7%
Kinder Morgan, Inc. KMI$72.3 billion20.8211.0%29.0%12.5%0.943.6%
American Electric Power Co. Inc. AEP$66.8 billion21.299.8%23.0%10.3%1.583.0%
TC Energy Corporation TRP *$62.5 billion26.1712.9%52.7%10.7%2.204.0%
Targa Resources Corp. TRGP$61.5 billion27.4062.0%22.9%-2.0%5.351.3%
ONEOK Inc. OKE$56.6 billion15.4815.9%15.5%40.8%1.374.7%
Vistra Corp. VST$54.3 billion27.2440.5%18.5%3.8%3.570.6%
Dominion Energy, Inc. D$54.2 billion21.488.8%21.1%19.0%1.624.3%
Sempra SRE$53.2 billion23.587.0%n/a1.6%0.953.2%
Entergy Corp. ETR$47.1 billion26.369.9%22.9%9.5%1.812.4%
Xcel Energy Inc. XEL$46.1 billion20.219.3%19.1%4.7%1.543.1%
Exelon Corp. EXC$43.1 billion15.269.4%20.8%6.6%1.693.8%
Consolidated Edison Inc. ED$39.1 billion17.458.6%18.0%9.5%1.083.1%
Public Service Enterprise Group Inc. PEG$36.0 billion17.9811.6%23.1%12.7%1.363.5%
WEC Energy Group, Inc. WEC$33.8 billion20.1111.6%22.8%8.9%1.323.4%
Pg&E Corp. PCG$28.9 billion9.519.0%20.0%5.7%1.82n/a
Ameren Corp. AEE$28.3 billion17.9911.4%24.9%3.8%1.392.8%
Atmos Energy Corp. ATO$27.3 billion19.299.2%37.0%6.5%0.642.2%
DTE Energy Co. DTE$26.4 billion20.0410.8%13.3%15.9%2.133.5%
Firstenergy Corp. FE$26.0 billion23.948.4%14.6%12.6%2.104.0%
PPL Corp. PPL$25.8 billion20.268.4%24.1%6.7%1.323.2%
American Water Works Company, Inc. AWK$25.6 billion22.349.7%36.9%6.9%1.202.6%
Centerpoint Energy Inc. CNP$25.4 billion22.719.5%23.2%7.1%1.952.3%
Eversource Energy ES$24.8 billion17.038.9%21.5%7.8%1.634.6%
NRG Energy, Inc. NRG$22.7 billion28.0517.5%6.1%12.8%4.821.6%
Edison International EIX$21.3 billion5.7121.4%32.7%10.7%2.336.1%
CMS Energy Corp. CMS$20.5 billion19.6710.5%18.9%9.9%1.863.3%
Nisource Inc. NI$19.5 billion21.699.5%27.0%12.3%1.632.7%
Evergy, Inc. EVRG$18.7 billion20.609.1%26.2%3.6%1.203.3%
Talen Energy Corp. TLN$18.1 billionn/a-11.4%2.6%60.8%5.92n/a
Alliant Energy Corp. LNT$17.1 billion20.8410.9%22.1%6.8%1.413.1%
DT Midstream, Inc. DTM$12.7 billion27.219.8%49.6%18.1%0.702.7%
Pinnacle West Capital Corp. PNW$12.0 billion18.959.1%20.5%5.7%1.393.6%
Essential Utilities, Inc. WTRG$11.1 billion19.897.9%35.1%9.9%1.204.8%
Antero Midstream Corp. AM$10.0 billion25.1020.5%52.8%6.9%1.83n/a
OGE Energy Corp. OGE$9.6 billion20.409.4%24.2%0.6%1.123.6%
UGI Corp. UGI$8.0 billion12.4112.9%16.2%-0.5%1.284.0%
National Fuel GAS Co. NFG$7.5 billion10.9317.2%40.3%15.1%0.912.7%
Idacorp Inc. IDA$7.4 billion22.429.0%22.8%-0.4%0.972.6%
Txnm Energy Inc. TXNM$6.5 billion32.675.5%22.2%10.0%1.462.8%
Clearway Energy, Inc. CWEN$6.2 billion39.221.7%13.4%9.9%1.551.0%
Southwest Gas Holdings, Inc. SWX$6.1 billionn/an/an/an/a0.832.9%
Black Hills Corp. BKH$5.8 billion19.217.6%23.9%2.5%1.013.6%
Ormat Technologies, Inc. ORA$5.5 billion43.754.9%16.6%31.1%0.600.5%
Kodiak Gas Services, Inc. KGS$5.4 billion63.583.7%27.4%8.2%1.263.6%
Archrock, Inc. AROC$5.3 billion16.2921.2%n/a11.5%1.512.8%
Portland General Electric Co. POR$5.3 billion19.986.2%14.1%1.3%1.204.6%
NEW Jersey Resources Corp. NJR$5.2 billion14.1413.9%24.8%6.4%1.213.6%
Spire Inc. SR$4.6 billion8.7415.3%19.7%4.1%1.614.0%
NorthWestern Energy Group, Inc. NWE$4.6 billion26.775.9%18.8%10.7%1.193.6%
One Gas, Inc. OGS$4.6 billion15.638.1%20.6%-0.8%0.743.7%
Kinetik Holdings Inc. KNTK$4.1 billion19.37n/a10.5%14.1%n/a2.8%
MDU Resources Group Inc. MDU$3.9 billion19.726.7%17.0%-1.1%0.882.9%
Otter Tail Corp. OTTR$3.7 billion18.8510.4%17.2%-0.2%0.602.4%
American States Water Co. AWR$3.3 billion22.5412.8%31.8%13.2%0.642.4%
Chesapeake Utilities Corp. CPK$3.1 billion20.399.0%27.3%14.6%0.902.1%
Avista Corp. AVA$3.0 billion12.818.0%18.8%-1.8%1.165.5%
California Water Service Group CWT$2.8 billion20.697.4%18.5%3.9%0.812.7%
MGE Energy Inc. MGEE$2.7 billion17.2510.4%22.0%7.1%0.612.6%
H2O America HTO$2.4 billion20.665.8%21.5%5.0%1.022.9%
Northwest Natural Holding Co. NWN$2.0 billion15.908.1%22.8%4.4%1.604.1%
Hawaiian Electric Industries Inc. HE$1.5 billion6.7412.9%11.5%5.1%1.2912.3%
Middlesex Water Co. MSEX$1.0 billion20.639.2%29.2%5.3%0.762.6%
Unitil Corp. UTL$953 million16.658.8%18.9%20.8%1.123.4%
5 companies share its SEC industry code (Water Supply); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 202425 April 2024EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install