AWR vs CWT
American States Water Co. and California Water Service Group, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AWR | CWT |
|---|---|---|
| Revenue | $658.1M | $963.7M |
| Net income | $130.4M | $128.2M |
| Gross margin | 90.8% | · |
| Net margin | 19.8% | 13.3% |
| Return on equity | 13.3% | 7.7% |
| Diluted EPS | $3.37 | $2.15 |
| Dividend / share | $1.94 | $1.24 |
| Payout ratio | 57.2% | 57.6% |
| Free cash flow | $-7.1M | · |
| Equity | $1.0B | · |
| Net debt / equity | 0.73× | 0.84× |
| Current ratio | 1.32× | 0.85× |
| Revenue CAGR 5y | 6.2% | 6.7% |
| Profit CAGR 5y | 8.6% | 5.8% |
CWT bills 1.5× the revenue of AWR, and AWR keeps more of each dollar of revenue as profit (19.8% 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 | AWR | CWT |
|---|---|---|
| FY2025 | $658.1M | $963.7M |
| FY2024 | $595.5M | $905.6M |
| FY2023 | $595.7M | $790.3M |
| FY2022 | $491.5M | $772.6M |
| FY2021 | $498.9M | $765.7M |
| FY2020 | $488.2M | $697.6M |
| FY2019 | $473.9M | $664.4M |
| FY2018 | $436.8M | $674.7M |
| FY2017 | $440.6M | $622.5M |
| FY2016 | $436.1M | $589.5M |
Bottom line
| Fiscal year | AWR | CWT |
|---|---|---|
| FY2025 | $130.4M | $128.2M |
| FY2024 | $119.3M | $190.8M |
| FY2023 | $124.9M | $51.9M |
| FY2022 | $78.4M | $96.0M |
| FY2021 | $94.3M | $101.1M |
| FY2020 | $86.4M | $96.8M |
| FY2019 | $84.3M | $63.1M |
| FY2018 | $63.9M | $65.6M |
| FY2017 | $69.4M | $72.9M |
| FY2016 | $59.7M | $48.7M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$305,622,000 | CWT |
| FY2024 | −$310,164,000 | CWT |
| FY2023 | −$194,635,000 | CWT |
| FY2022 | −$281,088,000 | CWT |
| FY2021 | −$266,851,000 | CWT |
| FY2020 | −$209,334,000 | CWT |
| FY2019 | −$190,489,000 | CWT |
| FY2018 | −$237,920,000 | CWT |
| FY2017 | −$181,871,000 | CWT |
| FY2016 | −$153,441,000 | CWT |
CWT has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +6.6 pp | AWR |
| FY2024 | −1.0 pp | CWT |
| FY2023 | +14.5 pp | AWR |
| FY2022 | +3.6 pp | AWR |
| FY2021 | +5.7 pp | AWR |
| FY2020 | +3.8 pp | AWR |
| FY2019 | +8.3 pp | AWR |
| FY2018 | +4.9 pp | AWR |
| FY2017 | +4.0 pp | AWR |
The higher net margin has changed hands between AWR and CWT over this period.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CWT's net margin has been more volatile than AWR's over the 9 comparable fiscal years — 3.8 percentage points of standard deviation against 2.1.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AWR and CWT over these 9 fiscal years — AWR led in 8 and CWT in 1.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AWR's return on equity has been more volatile than CWT's over the 17 comparable fiscal years — 2.0 percentage points of standard deviation against 1.9.
17 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 AWR and CWT over these 17 fiscal years — AWR led in 16 and CWT in 1.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.