CALIFORNIA WATER SERVICE GROUPCWTEarnings & Financial Report
California Water Service Group (CWSG) is an American public utility company providing drinking water and wastewater services. It is the third-largest investor-owned publicly traded water utility in the United States, serving roughly two million people through its subsidiary companies in California, Hawaii, New Mexico and Washington. CWSG was formed in 1997 as a new holding company for California Water Service to expand into other states regulated by their own public utilities commissions, and...
Revenue
$306.2M
Gross Profit
N/A
Operating Profit
$66.7M
Net Profit
$60.7M
Gross Margin
N/A
Operating Margin
21.8%
Net Margin
19.8%
YoY Growth
20.9%
EPS
$1.03
CALIFORNIA WATER SERVICE GROUP Q3 FY2024 Financial Summary
CALIFORNIA WATER SERVICE GROUP reported revenue of $306.2M (up 20.9% YoY) for Q3 FY2024, with a net profit of $60.7M (up 76.2% YoY) (19.8% margin).
Key Financial Metrics
| Total Revenue | $306.2M |
|---|---|
| Net Profit | $60.7M |
| Gross Margin | N/A |
| Operating Margin | 21.8% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
CALIFORNIA WATER SERVICE GROUP Q3 FY2024 revenue of $306.2M breaks down across 8 segments, led by Residential at $185.0M (60.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Residential | $185.0M | 60.4% |
| Business | $56.2M | 18.4% |
| Multiple Residential | $21.8M | 7.1% |
| Public Authorities | $18.1M | 5.9% |
| Industrial | $9.6M | 3.1% |
| Monterey Style Water Revenue Adjustment Mechanism MWRAM | $9.4M | 3.1% |
| Non Regulated Services | $3.5M | 1.2% |
| Operating And Maintenance | $3.4M | 1.1% |
CALIFORNIA WATER SERVICE GROUP Revenue by Segment — Quarterly Trend
CALIFORNIA WATER SERVICE GROUP revenue by segment across the last 4 reported quarters, showing how each business line (such as Residential and Business) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Residential | $133.2M | $186.7M | $141.9M | $105.4M |
| Business | $47.7M | $56.3M | $48.1M | $40.5M |
| Multiple Residential | — | $22.8M | $20.7M | $19.2M |
| Public Authorities | $13.4M | $19.0M | $13.0M | $9.2M |
| Industrial | $6.9M | $11.1M | $6.5M | $6.4M |
CALIFORNIA WATER SERVICE GROUP Annual Revenue by Year
CALIFORNIA WATER SERVICE GROUP annual revenue history includes year-by-year totals (for example, 2025 revenue was $963.7M).
| Year | Annual Revenue |
|---|---|
| 2025 | $963.7M |
| 2024 | $905.6M |
| 2023 | $790.3M |
| 2022 | $772.6M |
CALIFORNIA WATER SERVICE GROUP Quarterly Revenue & Net Profit History
CALIFORNIA WATER SERVICE GROUP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $210.7M | -3.3% | $11.5M | 5.4% |
| Q3 FY2025 | $314.1M | +2.6% | $61.2M | 19.5% |
| Q2 FY2025 | $256.2M | +13.0% | $42.2M | 16.5% |
| Q1 FY2025 | $182.7M | +17.9% | $13.3M | 7.3% |
| Q4 FY2024 | $217.8M | +10.3% | $19.5M | 8.9% |
| Q3 FY2024 | $306.2M | +20.9% | $60.7M | 19.8% |
| Q2 FY2024 | $226.7M | +16.7% | $40.6M | 17.9% |
| Q1 FY2024 | $154.9M | +6.7% | $69.9M | 45.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $154.9M | $226.7M | $306.2M | $217.8M | $182.7M | $256.2M | $314.1M | $210.7M |
| YoY Growth | 6.7% | 16.7% | 20.9% | 10.3% | 17.9% | 13.0% | 2.6% | -3.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.78B | $4.87B | $5.01B | $5.18B | $5.26B | $5.40B | $5.52B | $5.67B |
| Liabilities | $3.31B | $3.32B | $3.38B | $3.54B | $3.63B | $3.74B | $3.82B | $3.98B |
| Equity | $1.47B | $1.55B | $1.63B | $1.64B | $1.63B | $1.66B | $1.70B | $1.69B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $26.5M | $94.4M | $101.8M | $68.1M | $38.4M | $48.9M | $167.3M | $47.9M |