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Stocks · Utilities · Water Supply

AMERICAN STATES WATER CO

AWR Clue Score54
United States Fiscal year ends December CIK 0001056903
$82.26 +0.53% Close, 9 Oct 2026
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Price $82.26 −7.09% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue436.1Operating income114.2Net income59.7EPS, diluted1.62Fiscal year 2017Revenue440.6 +1.0%Operating income127.1Net income69.4 +16.1%EPS, diluted1.88 +16.0%Fiscal year 2018Revenue436.8 −0.9%Operating income101.0Net income63.9 −7.9%EPS, diluted1.72 −8.5%Fiscal year 2019Revenue473.9 +8.5%Operating income127.1Net income84.3 +32.1%EPS, diluted2.28 +32.6%Fiscal year 2020Revenue488.2 +3.0%Operating income130.5Net income86.4 +2.5%EPS, diluted2.33 +2.2%Fiscal year 2021Revenue498.9 +2.2%Operating income141.0Net income94.3 +9.2%EPS, diluted2.55 +9.4%Fiscal year 2022Revenue491.5 −1.5%Operating income126.6Net income78.4 −16.9%EPS, diluted2.11 −17.3%Fiscal year 2023Revenue595.7 +21.2%Operating income196.7Net income124.9 +59.3%EPS, diluted3.36 +59.2%Fiscal year 2024Revenue595.5 −0.0%Operating income184.5Net income119.3 −4.5%EPS, diluted3.17 −5.7%Fiscal year 2025Revenue658.1 +10.5%Operating income203.3Net income130.4 +9.4%EPS, diluted3.37 +6.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 436.1 440.6 436.8 473.9 488.2 498.9 491.5 595.7 595.5 658.1
Growth +1.0% −0.9% +8.5% +3.0% +2.2% −1.5% +21.2% −0.0% +10.5%
Operating income 114.2 127.1 101.0 127.1 130.5 141.0 126.6 196.7 184.5 203.3
Net income 59.7 69.4 63.9 84.3 86.4 94.3 78.4 124.9 119.3 130.4
Growth +16.1% −7.9% +32.1% +2.5% +9.2% −16.9% +59.3% −4.5% +9.4%
EPS, diluted 1.62 1.88 1.72 2.28 2.33 2.55 2.11 3.36 3.17 3.37
Growth +16.0% −8.5% +32.6% +2.2% +9.4% −17.3% +59.2% −5.7% +6.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin26.2%Net margin13.7%Free cash flow margin−7.5%Fiscal year 2017Operating margin28.8%Net margin15.7%Free cash flow margin7.1%Fiscal year 2018Operating margin23.1%Net margin14.6%Free cash flow margin2.3%Fiscal year 2019Operating margin26.8%Net margin17.8%Free cash flow margin−7.4%Fiscal year 2020Operating margin26.7%Net margin17.7%Free cash flow margin−1.7%Fiscal year 2021Operating margin28.3%Net margin18.9%Free cash flow margin−5.8%Fiscal year 2022Operating margin25.8%Net margin15.9%Free cash flow margin−9.9%Fiscal year 2023Operating margin33.0%Net margin21.0%Free cash flow margin−20.3%Fiscal year 2024Operating margin31.0%Net margin20.0%Free cash flow margin−5.6%Fiscal year 2025Operating margin30.9%Net margin19.8%Free cash flow margin−1.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 26.2% 28.8% 23.1% 26.8% 26.7% 28.3% 25.8% 33.0% 31.0% 30.9%
Net margin 13.7% 15.7% 14.6% 17.8% 17.7% 18.9% 15.9% 21.0% 20.0% 19.8%
Free cash flow margin −7.5% 7.1% 2.3% −7.4% −1.7% −5.8% −9.9% −20.3% −5.6% −1.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow96.9Capital expenditure−129.9Free cash flow−32.9Buybacks0.0Dividends paid−33.4Fiscal year 2017Operating cash flow144.6Capital expenditure−113.1Free cash flow31.4Buybacks0.0Dividends paid−36.4Fiscal year 2018Operating cash flow136.8Capital expenditure−126.6Free cash flow10.2 −67.5%Dividends paid−38.9Fiscal year 2019Operating cash flow116.9Capital expenditure−151.9Free cash flow−35.1 −443.4%Dividends paid−42.7Fiscal year 2020Operating cash flow122.2Capital expenditure−130.4Free cash flow−8.3Dividends paid−47.2Fiscal year 2021Operating cash flow115.6Capital expenditure−144.5Free cash flow−28.9Dividends paid−51.7Fiscal year 2022Operating cash flow117.8Capital expenditure−166.2Free cash flow−48.4Dividends paid−56.4Fiscal year 2023Operating cash flow67.7Capital expenditure−188.5Free cash flow−120.9Dividends paid−61.2Fiscal year 2024Operating cash flow198.7Capital expenditure−232.0Free cash flow−33.2Dividends paid−67.0Fiscal year 2025Operating cash flow229.7Capital expenditure−236.8Free cash flow−7.1Dividends paid−74.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 96.9 144.6 136.8 116.9 122.2 115.6 117.8 67.7 198.7 229.7
Capital expenditure −129.9 −113.1 −126.6 −151.9 −130.4 −144.5 −166.2 −188.5 −232.0 −236.8
Free cash flow −32.9 31.4 10.2 −35.1 −8.3 −28.9 −48.4 −120.9 −33.2 −7.1
Growth −67.5% −443.4%
Buybacks 0.0 0.0 n/a n/a n/a n/a n/a n/a n/a n/a
Dividends paid −33.4 −36.4 −38.9 −42.7 −47.2 −51.7 −56.4 −61.2 −67.0 −74.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.4Total debt321.3Net cash (debt)−320.9Shareholders’ equity494.3Debt to equity0.65Fiscal year 2017Cash0.2Total debt321.4Net cash (debt)−321.1Shareholders’ equity529.9Debt to equity0.61Fiscal year 2018Cash7.1Total debt321.4Net cash (debt)−314.3Shareholders’ equity558.2Debt to equity0.58Fiscal year 2019Cash1.3Total debt281.3Net cash (debt)−280.0Shareholders’ equity601.5Debt to equity0.47Fiscal year 2020Cash36.7Total debt440.3Net cash (debt)−403.6Shareholders’ equity641.7Debt to equity0.69Fiscal year 2021Cash5.0Total debt412.2Net cash (debt)−407.2Shareholders’ equity685.9Debt to equity0.60Fiscal year 2022Cash6.0Total debt446.5Net cash (debt)−440.6Shareholders’ equity709.5Debt to equity0.63Fiscal year 2023Cash14.1Total debt575.6Net cash (debt)−561.5Shareholders’ equity776.1Debt to equity0.74Fiscal year 2024Cash26.7Total debt640.4Net cash (debt)−613.7Shareholders’ equity920.1Debt to equity0.70Fiscal year 2025Cash18.8Total debt782.7Net cash (debt)−763.9Shareholders’ equity1,045.6Debt to equity0.75
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.4 0.2 7.1 1.3 36.7 5.0 6.0 14.1 26.7 18.8
Total debt 321.3 321.4 321.4 281.3 440.3 412.2 446.5 575.6 640.4 782.7
Net cash (debt) −320.9 −321.1 −314.3 −280.0 −403.6 −407.2 −440.6 −561.5 −613.7 −763.9
Shareholders’ equity 494.3 529.9 558.2 601.5 641.7 685.9 709.5 776.1 920.1 1,045.6
Debt to equity 0.65 0.61 0.58 0.47 0.69 0.60 0.63 0.74 0.70 0.75

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
96.9 144.6 136.8 116.9 122.2 115.6 117.8 67.7 198.7 229.7
Growth +49.1% −5.4% −14.6% +4.5% −5.4% +1.9% −42.5% +193.6% +15.6%
38.9 39.0 40.4 35.4 36.9 39.6 41.3 42.4 43.6 47.8
Investment
−129.9 −113.1 −126.6 −151.9 −130.4 −144.5 −166.2 −188.5 −232.0 −236.8
calc −32.9 31.4 10.2 −35.1 −8.3 −28.9 −48.4 −120.9 −33.2 −7.1
Growth −67.5% −443.4%
calc −0.90 0.85 0.28 −0.95 −0.22 −0.78 −1.31 −3.26 −0.88 −0.18
−131.2 −80.0 −128.0 −153.2 −131.6 −145.1 −167.1 −188.8 −232.8 −237.5
Financing
30.3 −64.7 −1.8 30.5 44.8 −2.3 50.3 129.2 46.6 −0.0
−33.4 −36.4 −38.9 −42.7 −47.2 −51.7 −56.4 −61.2 −67.0 −74.7
0.0 0.0 n/a n/a n/a n/a n/a n/a n/a n/a

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.