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CWT (California Water Service Group) Stock Financials & Earnings | Market Cap Arena
CWT
California Water Service Group
Mkt Cap
$3B
Utilities
·
Regulated Water
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$1.0B
Net Income (TTM)
$128M
EPS (TTM)
$2.15
Free Cash Flow (TTM)
-$214M
Gross Margin
50.3%
Op. Margin
16.3%
Net Margin
12.8%
FCF Margin
-21.4%
P/S Ratio (TTM)
2.7x
P/E Ratio (TTM)
20.8x
YoY Rev Growth
-3.5%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$131M
$55M
-$18M
Q2 23
$194M
$93M
$16M
Q3 23
$255M
$124M
$43M
Q4 23
$215M
$105M
$35M
Q1 24
$271M
$176M
$78M
Q2 24
$244M
$158M
$48M
Q3 24
$300M
$199M
$67M
Q4 24
$222M
$131M
$32M
Q1 25
$204M
$137M
$22M
Q2 25
$265M
$170M
$52M
Q3 25
$311M
$129M
$71M
Q4 25
$220M
$67M
$18M
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Revenue Breakdown
CWT
California Water Service Group
Revenue Breakdown
Q4 2025
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
3.3x
36.6x
Q2 23
3.4x
42.4x
Q3 23
3.4x
64.4x
Q4 23
3.4x
51.3x
Q1 24
2.9x
18.5x
Q2 24
2.7x
15.2x
Q3 24
2.6x
13.2x
Q4 24
2.6x
14.0x
Q1 25
2.7x
19.9x
Q2 25
2.7x
19.6x
Q3 25
2.7x
19.5x
Q4 25
2.7x
20.8x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$21M
-$61M
Q2 23
$17M
-$79M
Q3 23
$106M
$9M
Q4 23
$74M
-$35M
Q1 24
$27M
-$83M
Q2 24
$94M
-$10M
Q3 24
$102M
-$16M
Q4 24
$68M
-$71M
Q1 25
$38M
-$72M
Q2 25
$49M
-$70M
Q3 25
$167M
$32M
Q4 25
$48M
-$104M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$82M
Q2 23
$95M
Q3 23
$97M
Q4 23
$110M
Q1 24
$110M
Q2 24
$105M
Q3 24
$118M
Q4 24
$139M
Q1 25
$110M
Q2 25
$119M
Q3 25
$135M
Q4 25
$152M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-24.2%
-9.3%
Q2 23
-5.9%
-0.5%
Q3 23
-4.3%
+5.0%
Q4 23
+6.8%
+2.6%
Q1 24
+106.5%
+29.8%
Q2 24
+25.9%
+10.1%
Q3 24
+17.5%
+10.1%
Q4 24
+3.6%
+6.0%
Q1 25
-24.7%
-5.8%
Q2 25
+8.5%
+8.7%
Q3 25
+3.9%
+3.4%
Q4 25
-1.0%
+6.2%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$100K
0.1%
Q2 23
$1M
0.7%
Q3 23
$0
0.0%
Q4 23
$293K
0.1%
Q1 24
$700K
0.3%
Q2 24
$400K
0.2%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$5M
2.3%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$36M
Q2 23
$35M
Q3 23
$34M
Q4 23
$37M
Q1 24
$36M
Q2 24
$32M
Q3 24
$35M
Q4 24
$36M
Q1 25
$34M
Q2 25
$33M
Q3 25
$36M
Q4 25
$38M
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Revenue Segments
Business
Industrial
Non-Regulated Services
Operating And Maintenance
Other Non-Regulated Service
Public Authorities
Residential
Service, Other
Quarter
Business
Industrial
Non-Regulated Services
Operating And Maintenance
Other Non-Regulated Service
Public Authorities
Residential
Service, Other
Q2 23
$38M
$6M
$4M
$3M
$800K
$9M
$109M
$16M
Q3 23
$48M
$8M
$5M
$3M
$972K
$15M
$150M
$14M
Q3 24
$56M
$10M
$4M
$3M
$143K
$18M
$185M
$15M
Q3 25
$56M
$11M
$5M
—
$1M
$19M
$187M
$18M
Q4 25
$48M
$7M
$5M
$10M
$1M
$13M
$133M
—
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$86M
$0
$86M
Q2 23
$56M
$0
$56M
Q3 23
$35M
$0
$35M
Q4 23
$85M
$0
$85M
Q1 24
$43M
$0
$43M
Q2 24
$37M
$0
$37M
Q3 24
$60M
$0
$60M
Q4 24
$50M
$0
$50M
Q1 25
$44M
$0
$44M
Q2 25
$51M
$0
$51M
Q3 25
$76M
$0
$76M
Q4 25
$52M
$0
$52M
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Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
56M
+1.0%
Q2 23
57M
+1.9%
Q3 23
58M
+1.8%
Q4 23
58M
+0.0%
Q1 24
58M
+0.0%
Q2 24
58M
+1.0%
Q3 24
59M
+1.1%
Q4 24
59M
-0.6%
Q1 25
60M
+1.6%
Q2 25
60M
+0.0%
Q3 25
60M
+0.1%
Q4 25
60M
+0.1%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$541K
1K
FY 15
$509K
1K
FY 16
$524K
1K
FY 17
$567K
1K
FY 18
$590K
1K
FY 19
$592K
1K
FY 20
$666K
1K
FY 21
$669K
1K
FY 22
$691K
1K
FY 23
$628K
1K
FY 24
$811K
1K
FY 25
$749K
1K
marketcaparena.com