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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and CALIFORNIA WATER SERVICE GROUP (CWT). Click either name above to swap in a different company.

CALIFORNIA WATER SERVICE GROUP is the larger business by last-quarter revenue ($210.7M vs $172.2M, roughly 1.2× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 5.4%, a 14.7% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -3.3%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 16.6%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

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...

AAMI vs CWT — Head-to-Head

Bigger by revenue
CWT
CWT
1.2× larger
CWT
$210.7M
$172.2M
AAMI
Growing faster (revenue YoY)
AAMI
AAMI
+5.9% gap
AAMI
2.6%
-3.3%
CWT
Higher net margin
AAMI
AAMI
14.7% more per $
AAMI
20.2%
5.4%
CWT
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
16.6%
CWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
CWT
CWT
Revenue
$172.2M
$210.7M
Net Profit
$34.7M
$11.5M
Gross Margin
Operating Margin
33.3%
12.2%
Net Margin
20.2%
5.4%
Revenue YoY
2.6%
-3.3%
Net Profit YoY
-18.4%
-41.0%
EPS (diluted)
$0.97
$0.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
CWT
CWT
Q4 25
$172.2M
$210.7M
Q3 25
$144.2M
$314.1M
Q2 25
$127.4M
$256.2M
Q1 25
$119.9M
$182.7M
Q4 24
$167.8M
$217.8M
Q3 24
$123.1M
$306.2M
Q2 24
$109.0M
$226.7M
Q1 24
$105.7M
$154.9M
Net Profit
AAMI
AAMI
CWT
CWT
Q4 25
$34.7M
$11.5M
Q3 25
$15.1M
$61.2M
Q2 25
$10.1M
$42.2M
Q1 25
$20.1M
$13.3M
Q4 24
$42.5M
$19.5M
Q3 24
$16.9M
$60.7M
Q2 24
$11.0M
$40.6M
Q1 24
$14.6M
$69.9M
Operating Margin
AAMI
AAMI
CWT
CWT
Q4 25
33.3%
12.2%
Q3 25
18.4%
22.5%
Q2 25
12.7%
20.2%
Q1 25
26.6%
12.2%
Q4 24
38.7%
14.8%
Q3 24
21.9%
21.8%
Q2 24
18.9%
21.2%
Q1 24
21.7%
50.3%
Net Margin
AAMI
AAMI
CWT
CWT
Q4 25
20.2%
5.4%
Q3 25
10.5%
19.5%
Q2 25
7.9%
16.5%
Q1 25
16.8%
7.3%
Q4 24
25.3%
8.9%
Q3 24
13.7%
19.8%
Q2 24
10.1%
17.9%
Q1 24
13.8%
45.1%
EPS (diluted)
AAMI
AAMI
CWT
CWT
Q4 25
$0.97
$0.19
Q3 25
$0.42
$1.03
Q2 25
$0.28
$0.71
Q1 25
$0.54
$0.22
Q4 24
$1.11
$0.31
Q3 24
$0.45
$1.03
Q2 24
$0.29
$0.70
Q1 24
$0.37
$1.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
CWT
CWT
Cash + ST InvestmentsLiquidity on hand
$51.8M
Total DebtLower is stronger
$200.0M
$1.5B
Stockholders' EquityBook value
$1.7B
Total Assets
$677.0M
$5.7B
Debt / EquityLower = less leverage
0.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
CWT
CWT
Q4 25
$51.8M
Q3 25
$76.0M
Q2 25
$50.5M
Q1 25
$44.5M
Q4 24
$50.1M
Q3 24
$59.6M
Q2 24
$37.3M
Q1 24
$42.8M
Total Debt
AAMI
AAMI
CWT
CWT
Q4 25
$200.0M
$1.5B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$275.0M
$1.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAMI
AAMI
CWT
CWT
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
AAMI
AAMI
CWT
CWT
Q4 25
$677.0M
$5.7B
Q3 25
$751.4M
$5.5B
Q2 25
$672.3M
$5.4B
Q1 25
$677.3M
$5.3B
Q4 24
$703.2M
$5.2B
Q3 24
$555.2M
$5.0B
Q2 24
$533.1M
$4.9B
Q1 24
$544.9M
$4.8B
Debt / Equity
AAMI
AAMI
CWT
CWT
Q4 25
0.87×
Q3 25
0.65×
Q2 25
0.67×
Q1 25
0.68×
Q4 24
0.67×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
CWT
CWT
Operating Cash FlowLast quarter
$-2.4M
$47.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.07×
4.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
CWT
CWT
Q4 25
$-2.4M
$47.9M
Q3 25
$-23.9M
$167.3M
Q2 25
$61.6M
$48.9M
Q1 25
$-48.8M
$38.4M
Q4 24
$55.8M
$68.1M
Q3 24
$69.6M
$101.8M
Q2 24
$45.7M
$94.4M
Q1 24
$-40.4M
$26.5M
Cash Conversion
AAMI
AAMI
CWT
CWT
Q4 25
-0.07×
4.17×
Q3 25
-1.58×
2.73×
Q2 25
6.10×
1.16×
Q1 25
-2.43×
2.88×
Q4 24
1.31×
3.50×
Q3 24
4.12×
1.68×
Q2 24
4.15×
2.33×
Q1 24
-2.77×
0.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

CWT
CWT

Residential$133.2M63%
Business$47.7M23%
Public Authorities$13.4M6%
Industrial$6.9M3%
Non Regulated Services$4.8M2%
Other Non Regulated Service$1.2M1%

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