CWT vs WTRG
California Water Service Group and Essential Utilities, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CWT | WTRG |
|---|---|---|
| Revenue | $963.7M | $2.5B |
| Net income | $128.2M | $616.4M |
| Gross margin | · | · |
| Net margin | 13.3% | 24.9% |
| Return on equity | 7.7% | 9.4% |
| Diluted EPS | $2.15 | $2.20 |
| Dividend / share | $1.24 | $1.34 |
| Payout ratio | 57.6% | 60.6% |
| Free cash flow | · | · |
| Equity | · | $6.9B |
| Net debt / equity | 0.84× | 1.18× |
| Current ratio | 0.85× | 0.80× |
| Revenue CAGR 5y | 6.7% | 11.1% |
| Profit CAGR 5y | 5.8% | 16.7% |
WTRG bills 2.6× the revenue of CWT, and keeps more of each dollar of revenue as profit (24.9% 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 | CWT | WTRG |
|---|---|---|
| FY2025 | $963.7M | $2.5B |
| FY2024 | $905.6M | $2.1B |
| FY2023 | $790.3M | $2.1B |
| FY2022 | $772.6M | $2.3B |
| FY2021 | $765.7M | $1.9B |
| FY2020 | $697.6M | $1.5B |
| FY2019 | $664.4M | $889.7M |
| FY2018 | $674.7M | $838.1M |
| FY2017 | $622.5M | $809.5M |
| FY2016 | $589.5M | $819.9M |
Bottom line
| Fiscal year | CWT | WTRG |
|---|---|---|
| FY2025 | $128.2M | $616.4M |
| FY2024 | $190.8M | $595.3M |
| FY2023 | $51.9M | $498.2M |
| FY2022 | $96.0M | $465.2M |
| FY2021 | $101.1M | $431.6M |
| FY2020 | $96.8M | $284.8M |
| FY2019 | $63.1M | $224.5M |
| FY2018 | $65.6M | $192.0M |
| FY2017 | $72.9M | $239.7M |
| FY2016 | $48.7M | $234.2M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,510,920,000 | WTRG |
| FY2024 | −$1,180,490,000 | WTRG |
| FY2023 | −$1,263,490,000 | WTRG |
| FY2022 | −$1,515,416,000 | WTRG |
| FY2021 | −$1,112,440,000 | WTRG |
| FY2020 | −$765,121,000 | WTRG |
| FY2019 | −$225,334,000 | WTRG |
| FY2018 | −$163,355,000 | WTRG |
| FY2017 | −$187,051,000 | WTRG |
| FY2016 | −$230,347,000 | WTRG |
WTRG has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −11.6 pp | WTRG |
| FY2024 | −7.5 pp | WTRG |
| FY2023 | −17.8 pp | WTRG |
| FY2022 | −8.0 pp | WTRG |
| FY2021 | −9.8 pp | WTRG |
| FY2020 | −5.6 pp | WTRG |
| FY2019 | −15.7 pp | WTRG |
| FY2018 | −13.2 pp | WTRG |
| FY2017 | −17.9 pp | WTRG |
WTRG has kept the higher net margin in every one of these 9 fiscal years.
9 of 19 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 WTRG's over the 9 comparable fiscal years — 3.8 percentage points of standard deviation against 3.2.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
WTRG led in net margin in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WTRG's return on equity has been more volatile than CWT's over the 18 comparable fiscal years — 2.4 percentage points of standard deviation against 1.9.
18 of 19 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 CWT and WTRG over these 18 fiscal years — CWT led in 6 and WTRG in 12.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.