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Stocks · Utilities · Water Supply

CALIFORNIA WATER SERVICE GROUP

CWT Clue Score47
United States Fiscal year ends December CIK 0001035201
$45.94 +0.75% Close, 9 Oct 2026
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Price $45.94 −23.93% 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 2016Revenue589.5Operating income82.6EPS, diluted1.01Fiscal year 2017Revenue622.5 +5.6%Operating income107.1Net income72.9EPS, diluted1.52 +50.5%Fiscal year 2018Revenue674.7 +8.4%Operating income110.5Net income65.6 −10.1%EPS, diluted1.36 −10.5%Fiscal year 2019Revenue664.4 −1.5%Operating income99.4Net income63.1 −3.8%EPS, diluted1.31 −3.7%Fiscal year 2020Revenue697.6 +5.0%Operating income136.7Net income96.8 +53.4%EPS, diluted1.97 +50.4%Fiscal year 2021Revenue765.7 +9.8%Operating income126.8Net income101.1 +4.4%EPS, diluted1.96 −0.5%Fiscal year 2022Revenue772.6 +0.9%Operating income127.7Net income96.0 −5.1%EPS, diluted1.77 −9.7%Fiscal year 2023Revenue790.3 +2.3%Operating income77.1Net income51.9 −45.9%EPS, diluted0.91 −48.6%Fiscal year 2024Revenue905.6 +14.6%Operating income225.1Net income190.8 +267.6%EPS, diluted3.25 +257.1%Fiscal year 2025Revenue963.7 +6.4%Operating income170.4Net income128.2 −32.8%EPS, diluted2.15 −33.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 589.5 622.5 674.7 664.4 697.6 765.7 772.6 790.3 905.6 963.7
Growth +5.6% +8.4% −1.5% +5.0% +9.8% +0.9% +2.3% +14.6% +6.4%
Operating income 82.6 107.1 110.5 99.4 136.7 126.8 127.7 77.1 225.1 170.4
Net income n/a 72.9 65.6 63.1 96.8 101.1 96.0 51.9 190.8 128.2
Growth −10.1% −3.8% +53.4% +4.4% −5.1% −45.9% +267.6% −32.8%
EPS, diluted 1.01 1.52 1.36 1.31 1.97 1.96 1.77 0.91 3.25 2.15
Growth +50.5% −10.5% −3.7% +50.4% −0.5% −9.7% −48.6% +257.1% −33.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin14.0%Fiscal year 2017Operating margin17.2%Net margin11.7%Fiscal year 2018Operating margin16.4%Net margin9.7%Fiscal year 2019Operating margin15.0%Net margin9.5%Fiscal year 2020Operating margin19.6%Net margin13.9%Fiscal year 2021Operating margin16.6%Net margin13.2%Fiscal year 2022Operating margin16.5%Net margin12.4%Fiscal year 2023Operating margin9.8%Net margin6.6%Fiscal year 2024Operating margin24.9%Net margin21.1%Fiscal year 2025Operating margin17.7%Net margin13.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 14.0% 17.2% 16.4% 15.0% 19.6% 16.6% 16.5% 9.8% 24.9% 17.7%
Net margin n/a 11.7% 9.7% 9.5% 13.9% 13.2% 12.4% 6.6% 21.1% 13.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow160.4Buybacks−0.7Dividends paid−33.1Fiscal year 2017Operating cash flow147.8Buybacks−1.5Dividends paid−34.6Fiscal year 2018Operating cash flow179.0Buybacks−1.6Dividends paid−36.0Fiscal year 2019Operating cash flow168.8Buybacks−2.5Dividends paid−38.0Fiscal year 2020Operating cash flow117.9Buybacks−1.7Dividends paid−41.8Fiscal year 2021Operating cash flow231.7Buybacks−1.8Dividends paid−47.4Fiscal year 2022Operating cash flow243.8Buybacks−2.0Dividends paid−54.2Fiscal year 2023Operating cash flow217.8Buybacks−1.8Dividends paid−59.0Fiscal year 2024Operating cash flow290.9Buybacks−1.4Dividends paid−65.5Fiscal year 2025Operating cash flow302.6Buybacks−1.4Dividends paid−73.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 160.4 147.8 179.0 168.8 117.9 231.7 243.8 217.8 290.9 302.6
Buybacks −0.7 −1.5 −1.6 −2.5 −1.7 −1.8 −2.0 −1.8 −1.4 −1.4
Dividends paid −33.1 −34.6 −36.0 −38.0 −41.8 −47.4 −54.2 −59.0 −65.5 −73.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash25.5Total debt558.0Net cash (debt)−532.5Shareholders’ equity659.5Debt to equity0.85Fiscal year 2017Cash94.8Total debt531.7Net cash (debt)−436.9Shareholders’ equity699.2Debt to equity0.76Fiscal year 2018Cash47.2Total debt814.9Net cash (debt)−767.8Shareholders’ equity730.2Debt to equity1.12Fiscal year 2019Cash42.7Total debt808.6Net cash (debt)−766.0Shareholders’ equity779.9Debt to equity1.04Fiscal year 2020Cash44.6Total debt786.2Net cash (debt)−741.7Shareholders’ equity921.3Debt to equity0.85Fiscal year 2021Cash78.4Total debt1,061.0Net cash (debt)−982.6Shareholders’ equity1,171.9Debt to equity0.91Fiscal year 2022Cash62.1Total debt1,055.8Net cash (debt)−993.7Shareholders’ equity1,322.4Debt to equity0.80Fiscal year 2023Cash39.6Total debt1,053.4Net cash (debt)−1,013.8Shareholders’ equity1,430.3Debt to equity0.74Fiscal year 2024Cash50.1Total debt1,177.0Net cash (debt)−1,126.9Shareholders’ equity1,638.3Debt to equity0.72Fiscal year 2025Cash51.8Total debt1,474.2Net cash (debt)−1,422.4Shareholders’ equity1,692.0Debt to equity0.87
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 25.5 94.8 47.2 42.7 44.6 78.4 62.1 39.6 50.1 51.8
Total debt 558.0 531.7 814.9 808.6 786.2 1,061.0 1,055.8 1,053.4 1,177.0 1,474.2
Net cash (debt) −532.5 −436.9 −767.8 −766.0 −741.7 −982.6 −993.7 −1,013.8 −1,126.9 −1,422.4
Shareholders’ equity 659.5 699.2 730.2 779.9 921.3 1,171.9 1,322.4 1,430.3 1,638.3 1,692.0
Debt to equity 0.85 0.76 1.12 1.04 0.85 0.91 0.80 0.74 0.72 0.87

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

Financial statements FY2025 · 10-K

Balance sheet

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
Assets
25.5 94.8 47.2 42.7 44.6 78.4 62.1 39.6 50.1 51.8
30.3 32.5 30.0 32.1 44.0 60.8 55.1 59.3 58.6 56.3
2.6 2.6 2.6 3.0 31.8 36.8 36.8 37.0 37.1 37.1
2,411.7 2,744.7 2,837.7 3,111.3 3,394.2 3,623.3 4,264.8 4,595.5 5,180.3 5,671.2
Growth +13.8% +3.4% +9.6% +9.1% +6.7% +17.7% +7.8% +12.7% +9.5%
Liabilities
26.2 15.9 104.9 21.9 5.1 5.2 3.3 0.7 72.4 2.3
531.7 515.8 710.0 786.8 781.1 1,055.8 1,052.5 1,052.8 1,104.6 1,472.0
calc 558.0 531.7 814.9 808.6 786.2 1,061.0 1,055.8 1,053.4 1,177.0 1,474.2
Equity
324.1 362.5 392.1 406.1 461.1 514.9 556.7 549.6 674.9 729.3
659.5 699.2 730.2 779.9 921.3 1,171.9 1,322.4 1,430.3 1,638.3 1,692.0
Growth +6.0% +4.4% +6.8% +18.1% +27.2% +12.8% +8.2% +14.5% +3.3%
Per share and net cash
calc −532.5 −436.9 −767.8 −766.0 −741.7 −982.6 −993.7 −1,013.8 −1,126.9 −1,422.4
48.0 48.0 48.1 48.5 50.3 53.7 55.6 57.7 59.5 59.6
calc 13.75 14.56 15.19 16.07 18.30 21.82 23.78 24.78 27.54 28.37

Lines marked calc are worked out here from filed figures; point at one for how.