California Water Service Group (CWT) financial statements
California Water Service Group reported revenue of $964M in fiscal 2025, up 5.6% a year over 9 years.
Net income was $128M and the operating margin 17.7%, against 14.0% in 2016.
The diluted share count rose 24% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from California Water Service Group's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $590M | $622M | $675M | $664M | $698M | $766M | $773M | $790M | $906M | $964M |
| Selling, general and admin | $88M | $93M | $101M | $109M | $117M | $127M | $133M | $142M | $140M | $142M |
| Operating income | $83M | $107M | $111M | $99M | $137M | $127M | $128M | $77M | $225M | $170M |
| Interest expense | $33M | $36M | $40M | $45M | $45M | $45M | $47M | $53M | $61M | $70M |
| Income tax | $27M | $37M | $16M | $18M | $12M | $4M | $6M | -$7M | $42M | $19M |
| Net income | $49M | $73M | $66M | $63M | $97M | $101M | $96M | $52M | $191M | $128M |
| EPS (diluted) | $1.01 | $1.52 | $1.36 | $1.31 | $1.97 | $1.96 | $1.77 | $0.91 | $3.25 | $2.15 |
| Diluted shares | 48M | 48M | 48M | 48M | 49M | 52M | 54M | 57M | 59M | 60M |
| Operating margin | 14.0% | 17.2% | 16.4% | 15.0% | 19.6% | 16.6% | 16.5% | 9.8% | 24.9% | 17.7% |
| Net margin | 8.3% | 11.7% | 9.7% | 9.5% | 13.9% | 13.2% | 12.4% | 6.6% | 21.1% | 13.3% |
Balance sheet
Fiscal years, from California Water Service Group's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $26M | $95M | $47M | $43M | $45M | $78M | $62M | $40M | $50M | $52M |
| Receivables | $30M | $32M | $30M | $32M | $44M | $61M | $55M | $59M | $59M | $56M |
| Total current assets | $142M | $228M | $189M | $185M | $266M | $300M | $296M | $296M | $324M | $354M |
| Property, plant and equipment | — | — | — | — | $7M | $7M | $6M | $5M | $3M | $2M |
| Goodwill | $3M | $3M | $3M | $3M | $32M | $37M | $37M | $37M | $37M | $37M |
| Total assets | $2.4B | $2.7B | $2.8B | $3.1B | $3.4B | $3.6B | $4.3B | $4.6B | $5.2B | $5.7B |
| Total current liabilities | $250M | $491M | $321M | $359M | $589M | $272M | $295M | $430M | $538M | $418M |
| Long-term debt | $532M | $516M | $710M | $787M | $781M | $1.1B | $1.1B | $1.1B | $1.1B | $1.5B |
| Total liabilities | $1.8B | $2.0B | $2.1B | $2.3B | $2.5B | $2.5B | $2.9B | $3.2B | $3.5B | $4.0B |
| Shareholders' equity | $659M | $699M | $730M | $780M | $921M | $1.2B | $1.3B | $1.4B | $1.6B | $1.7B |
| Net debt | $532M | $437M | $768M | $766M | $742M | $983M | $994M | $1.0B | $1.1B | $1.4B |
Cash flow
Fiscal years, from California Water Service Group's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $160M | $148M | $179M | $169M | $118M | $232M | $244M | $218M | $291M | $303M |
| Stock-based compensation | $3M | $3M | $3M | $7M | $5M | $7M | $5M | $3M | $4M | $5M |
| Dividends paid | $33M | $35M | $36M | $38M | $42M | $47M | $54M | $59M | $65M | $74M |
| Share buybacks (net) | -$744,000 | -$2M | -$2M | -$2M | -$2M | -$2M | -$2M | -$2M | -$1M | -$1M |
| Net borrowing | $43M | -$27M | $283M | -$7M | -$22M | $274M | -$5M | -$2M | $124M | $297M |
| Dividends per share | $0.69 | $0.72 | $0.75 | $0.79 | $0.85 | $0.92 | $1.00 | $1.04 | $1.12 | $1.24 |
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What was California Water Service Group's revenue in 2025?
$964M in fiscal 2025, from its 10-K filing.
From California Water Service Group's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.