California Water Service Group

California Water Service Group

CWT
California Water Service GroupUS flagNew York Stock Exchange
44.75
USD
-0.59
- -
2.68BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
12.59
12.5
12.29
12.71
14.08
14.53
14.83
16.12
15.32
15.58
13.95
17.69
16.79
16.95
Basic EPS, GAAP
1.02
1.19
0.94
1.02
1.52
1.36
1.31
1.97
1.96
1.77
0.91
3.26
2.15
1.99
Free Cash Flow per Basic Share
0.03
-0.08
-0.67
-1.43
-2.32
-1.93
-2.18
-3.67
4.49
4.49
3.82
4.96
5.08
5.26
Dividend per Share
0.64
0.65
0.67
0.69
0.72
0.75
0.79
0.85
0.92
1
1.04
1.12
1.24
1.23
Book Value per Share
5.83
6.2
6.46
6.77
7.56
8.17
8.67
9.59
9.98
10.26
9.66
11.53
12.25
11.98
Tangible Book Value per Share
12.59
12.82
13.1
13.45
14.05
14.62
15.62
17.49
21.4
23.36
24.1
26.91
27.37
27.61
Basic Weighted Avg Shares
46
48
48
48
48
48
48
49
52
54
57
59
60
60
Sales/Revenue/Turnover
584
597
588
609
676
698
715
794
791
846
795
1,037
1,000
1,011
Operating Margin (%)
15.93
18.17
16.26
18.36
21.06
18.49
16.03
18.38
16.35
15.57
8.01
25.32
18.31
17.29
Depreciation Expense
60
63
63
65
79
86
91
101
112
117
123
134
147
150
Net Income, GAAP
47
57
45
49
73
66
63
97
101
96
52
191
128
119
Effective Tax Rate (%)
30.22
33.02
35.97
35.52
33.55
19.49
21.87
11.04
3.89
6.27
- -
18.27
13
12.12
Profit Margin (%)
8.09
9.5
7.65
7.99
10.79
9.39
8.83
12.19
12.79
11.34
6.53
18.4
12.82
11.77
Working Capital
-27
-64
-20
-108
-263
-132
-174
-323
29
1
-134
-214
-64
-170
LT Debt
426
419
508
532
516
710
787
781
1,056
1,052
1,053
1,105
1,472
1,472
Total Equity
599
627
642
659
699
730
780
921
1,172
1,322
1,430
1,638
1,692
1,683
Return on Invested Capital (%)
6.02
6.46
5.22
5.75
6.69
6.66
5.29
6.75
5.71
5.23
- -
7.54
5.04
4.73
Return on Capital (%)
8.56
9.64
7.54
7.44
8.88
7.87
7.13
8.84
8.79
8.36
- -
12.39
8.48
7.92
Return on Common Equity (%)
18.07
20.03
14.88
15.36
21.22
17.36
15.58
21.75
20.47
17.9
9.38
31.14
18.25
17.2

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
417
133
231
LT Borrowings
1,104
1,472
1,472
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
60
Market Capitalization
2,732
2,581
2,703

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
399
354
375
Cash, Cash Equivalents & STI
76
52
58
Accounts Receivable, Net
80
64
53
Inventories
20
20
20
Total Current Liabilities
730
418
545
Payables & Accruals
289
205
263
ST Debt
417
133
231
Deferred Revenue
- -
18
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.41%
13.2%
3.28%
Free Cash Flow
5.01%
-39.22%
4.02%
Net Income, GAAP
28.57%
37.64%
-32.81%
Sales/Revenue/Turnover
5.87%
5.48%
-3.54%
Total Cash Common Dividend
8.77%
12.09%
12.82%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
271
244
300
222
1,037
2025
204
265
311
220
1,000
2026
215
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.21
0.7
1.03
0.33
3.26
2025
0.22
0.71
1.03
0.19
2.15
2026
0.07
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.28
0.28
0.28
1.12
2025
0.34
0.3
0.3
0.3
1.24
2026
0.33
- -
- -
- -
- -

Company Description

APIChat
CEO
Martin A. Kropelnicki
Full Time Employees
1,278
Sector
Utilities
Industry
Regulated Water
Address
1720 North First Street San Jose CA United States of America 95112-4598
IPO Date
Mar 26, 1990
Business
California Water Service Group is a publicly traded water utility company providing water and wastewater services to over two million people primarily west of the Mississippi River in the United States. Founded in 1926 and headquartered in San Jose, California, the company operates through its five subsidiaries: California Water Service, Hawaii Water Service, New Mexico Water Service, Texas Water Service, and Washington Water Service. Its core products and services include securing, treating, testing, storing, and delivering potable water for residential, commercial, industrial, and public authority use, fire protection services, wastewater collection and treatment, recycled water provision, and non-regulated water-related services such as operating municipally and privately owned water systems, meter reading, billing services, and leasing of communication antenna sites. Recent major company developments include the acquisition agreements signed in 2025 by California Water Service, the largest subsidiary, to acquire water utility assets of Casa Loma Water Company and Palm Mutual Water Company in the Bakersfield region, subject to regulatory approval and intended system upgrades to improve fire flow and system pressure. Additionally, the company has ongoing infrastructure upgrades across various service areas including Oak Hills, Visalia, Chico, and Leona Valley aimed at enhancing water supply reliability and fire protection. Hawaii Water Service recently proposed its first rate adjustment since 2021 reflecting investments to improve reliability and maintain safety. The company also launched its annual Firefighter Grant Program supporting local first responders. California Water Service Group operates across multiple states including California, Hawaii, New Mexico, Texas, and Washington. It is recognized as the third-largest publicly traded water utility in the United States, focusing on infrastructure investment, regulatory compliance, and expansion through strategic acquisitions and system improvements. The company emphasizes environmental sustainability, water quality, and community-oriented service initiatives as central to its operational strategy.

Company News

APIChat
  • AWK Concludes the Acquisition of Nexus Utility Assets for $315 Million

  • California Water Service Earns G480 Platinum Certification for Water-Use Efficiency, Conservation Program

  • Why Is California Water Service Group (CWT) Up 3.7% Since Last Earnings Report?

  • California Water Service Group Promotes Tamara S. Johnson to Vice President, California Operations and Gregory D.

  • California Water Service Group Highlights Leadership in Environmental Stewardship and Corporate Citizenship in 2025 Sustainability Report

  • TIME Names California Water Service Group One of the World's Most Impactful Companies

  • 4 Stocks to Watch From the Challenging Water Supply Industry

  • California Water: Dividend King Selling At A Discount

  • CWT or AWK: Which Is the Better Value Stock Right Now?

  • California Water Service Q1 Earnings Miss Estimates on Higher Costs

  • California Water Service Group (CWT) Q1 2026 Earnings Call Transcript

  • California Public Utilities Commission Issues Decision in California Water Service's 2024 General Rate Case, Infrastructure Improvement Plan

  • Saia (SAIA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

  • California Water Service Group Reports First Quarter 2026 Financial Results & Provides Update on 2024 California General Rate Case

  • California Water Service Group Reports First Quarter 2026 Financial Results & Provides Update on 2024 California General Rate Case

  • California Water Service Group Board of Directors Declares 325th Consecutive Quarterly Dividend

  • Why California Water Service Group (CWT) is a Top Dividend Stock for Your Portfolio

  • Best Dividend Kings: April 2026

  • AWR vs. CWT: Which Water Utility Stock Offers Better Growth in 2026?

  • Why Should Investors Add California Water Service to Their Portfolios?