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Side-by-side financial comparison of Amphastar Pharmaceuticals, Inc. (AMPH) 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 $183.1M, roughly 1.2× Amphastar Pharmaceuticals, Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs 5.4%, a 7.9% gap on every dollar of revenue. On growth, Amphastar Pharmaceuticals, Inc. posted the faster year-over-year revenue change (-1.8% vs -3.3%). Over the past eight quarters, CALIFORNIA WATER SERVICE GROUP's revenue compounded faster (16.6% CAGR vs 3.2%).

Amphastar Pharmaceuticals is a publicly traded American speciality pharmaceutical company. It was incorporated in May 2004 and primarily develops, manufactures, and sells inhalation and intranasal products.

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...

AMPH vs CWT — Head-to-Head

Bigger by revenue
CWT
CWT
1.2× larger
CWT
$210.7M
$183.1M
AMPH
Growing faster (revenue YoY)
AMPH
AMPH
+1.4% gap
AMPH
-1.8%
-3.3%
CWT
Higher net margin
AMPH
AMPH
7.9% more per $
AMPH
13.3%
5.4%
CWT
Faster 2-yr revenue CAGR
CWT
CWT
Annualised
CWT
16.6%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
CWT
CWT
Revenue
$183.1M
$210.7M
Net Profit
$24.4M
$11.5M
Gross Margin
46.8%
Operating Margin
19.4%
12.2%
Net Margin
13.3%
5.4%
Revenue YoY
-1.8%
-3.3%
Net Profit YoY
-35.7%
-41.0%
EPS (diluted)
$0.51
$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
AMPH
AMPH
CWT
CWT
Q4 25
$183.1M
$210.7M
Q3 25
$191.8M
$314.1M
Q2 25
$174.4M
$256.2M
Q1 25
$170.5M
$182.7M
Q4 24
$186.5M
$217.8M
Q3 24
$191.2M
$306.2M
Q2 24
$182.4M
$226.7M
Q1 24
$171.8M
$154.9M
Net Profit
AMPH
AMPH
CWT
CWT
Q4 25
$24.4M
$11.5M
Q3 25
$17.4M
$61.2M
Q2 25
$31.0M
$42.2M
Q1 25
$25.3M
$13.3M
Q4 24
$38.0M
$19.5M
Q3 24
$40.4M
$60.7M
Q2 24
$37.9M
$40.6M
Q1 24
$43.2M
$69.9M
Gross Margin
AMPH
AMPH
CWT
CWT
Q4 25
46.8%
Q3 25
51.4%
Q2 25
49.6%
Q1 25
50.0%
Q4 24
46.5%
Q3 24
53.3%
Q2 24
52.2%
Q1 24
52.4%
Operating Margin
AMPH
AMPH
CWT
CWT
Q4 25
19.4%
12.2%
Q3 25
13.2%
22.5%
Q2 25
24.2%
20.2%
Q1 25
21.9%
12.2%
Q4 24
24.2%
14.8%
Q3 24
29.8%
21.8%
Q2 24
30.3%
21.2%
Q1 24
27.9%
50.3%
Net Margin
AMPH
AMPH
CWT
CWT
Q4 25
13.3%
5.4%
Q3 25
9.0%
19.5%
Q2 25
17.8%
16.5%
Q1 25
14.8%
7.3%
Q4 24
20.4%
8.9%
Q3 24
21.1%
19.8%
Q2 24
20.8%
17.9%
Q1 24
25.1%
45.1%
EPS (diluted)
AMPH
AMPH
CWT
CWT
Q4 25
$0.51
$0.19
Q3 25
$0.37
$1.03
Q2 25
$0.64
$0.71
Q1 25
$0.51
$0.22
Q4 24
$0.74
$0.31
Q3 24
$0.78
$1.03
Q2 24
$0.73
$0.70
Q1 24
$0.81
$1.21

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
CWT
CWT
Cash + ST InvestmentsLiquidity on hand
$282.8M
$51.8M
Total DebtLower is stronger
$608.7M
$1.5B
Stockholders' EquityBook value
$788.8M
$1.7B
Total Assets
$1.6B
$5.7B
Debt / EquityLower = less leverage
0.77×
0.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
CWT
CWT
Q4 25
$282.8M
$51.8M
Q3 25
$276.2M
$76.0M
Q2 25
$231.8M
$50.5M
Q1 25
$236.9M
$44.5M
Q4 24
$221.6M
$50.1M
Q3 24
$250.5M
$59.6M
Q2 24
$217.8M
$37.3M
Q1 24
$289.6M
$42.8M
Total Debt
AMPH
AMPH
CWT
CWT
Q4 25
$608.7M
$1.5B
Q3 25
$608.6M
$1.1B
Q2 25
$607.7M
$1.1B
Q1 25
$603.9M
$1.1B
Q4 24
$601.6M
$1.1B
Q3 24
$596.4M
Q2 24
$586.9M
Q1 24
$594.0M
Stockholders' Equity
AMPH
AMPH
CWT
CWT
Q4 25
$788.8M
$1.7B
Q3 25
$776.7M
$1.7B
Q2 25
$757.5M
$1.7B
Q1 25
$751.3M
$1.6B
Q4 24
$732.3M
$1.6B
Q3 24
$727.7M
$1.6B
Q2 24
$713.3M
$1.5B
Q1 24
$672.4M
$1.5B
Total Assets
AMPH
AMPH
CWT
CWT
Q4 25
$1.6B
$5.7B
Q3 25
$1.7B
$5.5B
Q2 25
$1.6B
$5.4B
Q1 25
$1.6B
$5.3B
Q4 24
$1.6B
$5.2B
Q3 24
$1.5B
$5.0B
Q2 24
$1.5B
$4.9B
Q1 24
$1.6B
$4.8B
Debt / Equity
AMPH
AMPH
CWT
CWT
Q4 25
0.77×
0.87×
Q3 25
0.78×
0.65×
Q2 25
0.80×
0.67×
Q1 25
0.80×
0.68×
Q4 24
0.82×
0.67×
Q3 24
0.82×
Q2 24
0.82×
Q1 24
0.88×

Cash Flow & Capital Efficiency

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

Metric
AMPH
AMPH
CWT
CWT
Operating Cash FlowLast quarter
$32.9M
$47.9M
Free Cash FlowOCF − Capex
$24.6M
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
1.35×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$121.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
CWT
CWT
Q4 25
$32.9M
$47.9M
Q3 25
$52.6M
$167.3M
Q2 25
$35.6M
$48.9M
Q1 25
$35.1M
$38.4M
Q4 24
$29.0M
$68.1M
Q3 24
$60.0M
$101.8M
Q2 24
$69.1M
$94.4M
Q1 24
$55.3M
$26.5M
Free Cash Flow
AMPH
AMPH
CWT
CWT
Q4 25
$24.6M
Q3 25
$47.2M
Q2 25
$25.0M
Q1 25
$24.4M
Q4 24
$16.6M
Q3 24
$46.2M
Q2 24
$63.1M
Q1 24
$46.5M
FCF Margin
AMPH
AMPH
CWT
CWT
Q4 25
13.4%
Q3 25
24.6%
Q2 25
14.3%
Q1 25
14.3%
Q4 24
8.9%
Q3 24
24.1%
Q2 24
34.6%
Q1 24
27.1%
Capex Intensity
AMPH
AMPH
CWT
CWT
Q4 25
4.5%
Q3 25
2.8%
Q2 25
6.1%
Q1 25
6.3%
Q4 24
6.7%
Q3 24
7.2%
Q2 24
3.3%
Q1 24
5.1%
Cash Conversion
AMPH
AMPH
CWT
CWT
Q4 25
1.35×
4.17×
Q3 25
3.03×
2.73×
Q2 25
1.15×
1.16×
Q1 25
1.39×
2.88×
Q4 24
0.76×
3.50×
Q3 24
1.48×
1.68×
Q2 24
1.82×
2.33×
Q1 24
1.28×
0.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMPH
AMPH

Other Products$62.4M34%
Baqsimi$46.7M26%
Primatenemist$27.9M15%
Epinephrine$17.1M9%
Lidocaine$14.9M8%
Glucagon$14.1M8%

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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