AWK vs CWT
American Water Works Company, Inc. and California Water Service Group, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AWK | CWT |
|---|---|---|
| Revenue | $5.1B | $963.7M |
| Net income | $1.1B | $128.2M |
| Gross margin | · | · |
| Net margin | 21.6% | 13.3% |
| Return on equity | 10.5% | 7.7% |
| Diluted EPS | $5.69 | $2.15 |
| Dividend / share | $3.31 | $1.24 |
| Payout ratio | 57.0% | 57.6% |
| Free cash flow | $-1.1B | · |
| Equity | $10.8B | · |
| Net debt / equity | 1.32× | 0.84× |
| Current ratio | 0.46× | 0.85× |
| Revenue CAGR 5y | 6.4% | 6.7% |
| Profit CAGR 5y | 9.4% | 5.8% |
AWK bills 5.3× the revenue of CWT, and keeps more of each dollar of revenue as profit (21.6% against 13.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AWK | CWT |
|---|---|---|
| FY2025 | $5.1B | $963.7M |
| FY2024 | $4.7B | $905.6M |
| FY2023 | $4.2B | $790.3M |
| FY2022 | $3.8B | $772.6M |
| FY2021 | $3.9B | $765.7M |
| FY2020 | $3.8B | $697.6M |
| FY2019 | $3.6B | $664.4M |
| FY2018 | $3.4B | $674.7M |
| FY2017 | $3.4B | $622.5M |
| FY2016 | $3.3B | $589.5M |
Bottom line
| Fiscal year | AWK | CWT |
|---|---|---|
| FY2025 | $1.1B | $128.2M |
| FY2024 | $1.1B | $190.8M |
| FY2023 | $944.0M | $51.9M |
| FY2022 | $820.0M | $96.0M |
| FY2021 | $1.3B | $101.1M |
| FY2020 | $709.0M | $96.8M |
| FY2019 | $621.0M | $63.1M |
| FY2018 | $567.0M | $65.6M |
| FY2017 | $426.0M | $72.9M |
| FY2016 | $468.0M | $48.7M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$4,176,305,000 | AWK |
| FY2024 | +$3,778,377,000 | AWK |
| FY2023 | +$3,443,666,000 | AWK |
| FY2022 | +$3,019,384,000 | AWK |
| FY2021 | +$3,164,296,000 | AWK |
| FY2020 | +$3,079,423,000 | AWK |
| FY2019 | +$2,945,642,000 | AWK |
| FY2018 | +$2,765,264,000 | AWK |
| FY2017 | +$2,734,526,000 | AWK |
| FY2016 | +$2,712,472,000 | AWK |
AWK has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +8.3 pp | AWK |
| FY2024 | +1.4 pp | AWK |
| FY2023 | +15.8 pp | AWK |
| FY2022 | +9.3 pp | AWK |
| FY2021 | +18.9 pp | AWK |
| FY2020 | +4.9 pp | AWK |
| FY2019 | +7.7 pp | AWK |
| FY2018 | +6.7 pp | AWK |
| FY2017 | +1.0 pp | AWK |
AWK has kept the higher net margin in every one of these 9 fiscal years.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AWK's net margin has been more volatile than CWT's over the 9 comparable fiscal years — 5.1 percentage points of standard deviation against 3.8.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AWK led in net margin in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AWK's return on equity has been more volatile than CWT's over the 18 comparable fiscal years — 6.8 percentage points of standard deviation against 1.9.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AWK and CWT over these 18 fiscal years — AWK led in 8 and CWT in 10.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.