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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.
AMERICAN STATES WATER CO is the larger business by last-quarter revenue ($164.3M vs $105.5M, roughly 1.6× CARRIAGE SERVICES INC). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 11.6%, a 5.9% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 8.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs 1.0%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
AWR vs CSV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $105.5M |
| Net Profit | $28.7M | $12.3M |
| Gross Margin | 88.9% | 34.8% |
| Operating Margin | 27.4% | 23.3% |
| Net Margin | 17.5% | 11.6% |
| Revenue YoY | 14.8% | 8.0% |
| Net Profit YoY | 1.1% | 24.5% |
| EPS (diluted) | $0.74 | $0.76 |
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.
| Q4 25 | $164.3M | $105.5M | ||
| Q3 25 | $182.7M | $102.7M | ||
| Q2 25 | $163.1M | $102.1M | ||
| Q1 25 | $148.0M | $107.1M | ||
| Q4 24 | $143.1M | $97.7M | ||
| Q3 24 | $161.8M | $100.7M | ||
| Q2 24 | $155.3M | $102.3M | ||
| Q1 24 | $135.3M | $103.5M |
| Q4 25 | $28.7M | $12.3M | ||
| Q3 25 | $41.2M | $6.6M | ||
| Q2 25 | $33.7M | $11.7M | ||
| Q1 25 | $26.8M | $20.9M | ||
| Q4 24 | $28.4M | $9.9M | ||
| Q3 24 | $35.8M | $9.9M | ||
| Q2 24 | $31.9M | $6.3M | ||
| Q1 24 | $23.1M | $7.0M |
| Q4 25 | 88.9% | 34.8% | ||
| Q3 25 | 91.0% | 35.3% | ||
| Q2 25 | 92.1% | 35.2% | ||
| Q1 25 | 91.3% | 35.3% | ||
| Q4 24 | 92.4% | 34.4% | ||
| Q3 24 | 92.7% | 35.2% | ||
| Q2 24 | 89.6% | 36.2% | ||
| Q1 24 | 88.4% | 36.0% |
| Q4 25 | 27.4% | 23.3% | ||
| Q3 25 | 33.8% | 17.0% | ||
| Q2 25 | 31.3% | 23.5% | ||
| Q1 25 | 30.8% | 29.5% | ||
| Q4 24 | 27.0% | 21.6% | ||
| Q3 24 | 34.0% | 22.7% | ||
| Q2 24 | 33.3% | 18.0% | ||
| Q1 24 | 28.8% | 18.8% |
| Q4 25 | 17.5% | 11.6% | ||
| Q3 25 | 22.5% | 6.4% | ||
| Q2 25 | 20.7% | 11.5% | ||
| Q1 25 | 18.1% | 19.5% | ||
| Q4 24 | 19.9% | 10.1% | ||
| Q3 24 | 22.1% | 9.8% | ||
| Q2 24 | 20.5% | 6.1% | ||
| Q1 24 | 17.1% | 6.7% |
| Q4 25 | $0.74 | $0.76 | ||
| Q3 25 | $1.06 | $0.41 | ||
| Q2 25 | $0.87 | $0.74 | ||
| Q1 25 | $0.70 | $1.34 | ||
| Q4 24 | $0.75 | $0.62 | ||
| Q3 24 | $0.95 | $0.63 | ||
| Q2 24 | $0.85 | $0.40 | ||
| Q1 24 | $0.62 | $0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.8M | $1.7M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $254.8M |
| Total Assets | $2.7B | $1.3B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $1.7M | ||
| Q3 25 | $26.1M | $1.2M | ||
| Q2 25 | $20.2M | $1.4M | ||
| Q1 25 | $21.2M | $4.6M | ||
| Q4 24 | $26.7M | $1.2M | ||
| Q3 24 | $16.5M | $1.3M | ||
| Q2 24 | $3.6M | $1.5M | ||
| Q1 24 | $17.0M | $1.7M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $254.8M | ||
| Q3 25 | $1.0B | $242.1M | ||
| Q2 25 | $972.5M | $235.4M | ||
| Q1 25 | $956.4M | $223.1M | ||
| Q4 24 | $920.1M | $208.6M | ||
| Q3 24 | $879.5M | $198.1M | ||
| Q2 24 | $833.5M | $187.9M | ||
| Q1 24 | $800.5M | $179.6M |
| Q4 25 | $2.7B | $1.3B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.3B | $1.3B |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.7M | $14.1M |
| Free Cash FlowOCF − Capex | $-36.0M | $6.2M |
| FCF MarginFCF / Revenue | -21.9% | 5.9% |
| Capex IntensityCapex / Revenue | 38.8% | 7.5% |
| Cash ConversionOCF / Net Profit | 0.96× | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $14.1M | ||
| Q3 25 | $92.4M | $24.7M | ||
| Q2 25 | $64.6M | $8.1M | ||
| Q1 25 | $45.1M | $13.8M | ||
| Q4 24 | $64.5M | $9.3M | ||
| Q3 24 | $63.7M | $20.9M | ||
| Q2 24 | $24.7M | $2.2M | ||
| Q1 24 | $45.8M | $19.7M |
| Q4 25 | $-36.0M | $6.2M | ||
| Q3 25 | $37.7M | $18.0M | ||
| Q2 25 | $13.7M | $5.2M | ||
| Q1 25 | $-22.5M | $10.6M | ||
| Q4 24 | $6.0M | $4.9M | ||
| Q3 24 | $-478.0K | $16.2M | ||
| Q2 24 | $-37.0M | $-1.4M | ||
| Q1 24 | $-1.7M | $16.2M |
| Q4 25 | -21.9% | 5.9% | ||
| Q3 25 | 20.7% | 17.5% | ||
| Q2 25 | 8.4% | 5.1% | ||
| Q1 25 | -15.2% | 9.9% | ||
| Q4 24 | 4.2% | 5.0% | ||
| Q3 24 | -0.3% | 16.1% | ||
| Q2 24 | -23.8% | -1.4% | ||
| Q1 24 | -1.3% | 15.6% |
| Q4 25 | 38.8% | 7.5% | ||
| Q3 25 | 29.9% | 6.5% | ||
| Q2 25 | 31.2% | 2.8% | ||
| Q1 25 | 45.6% | 3.0% | ||
| Q4 24 | 40.9% | 4.5% | ||
| Q3 24 | 39.7% | 4.6% | ||
| Q2 24 | 39.8% | 3.5% | ||
| Q1 24 | 35.2% | 3.4% |
| Q4 25 | 0.96× | 1.15× | ||
| Q3 25 | 2.24× | 3.76× | ||
| Q2 25 | 1.92× | 0.69× | ||
| Q1 25 | 1.68× | 0.66× | ||
| Q4 24 | 2.27× | 0.94× | ||
| Q3 24 | 1.78× | 2.11× | ||
| Q2 24 | 0.78× | 0.34× | ||
| Q1 24 | 1.98× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
CSV
| Propertyand Merchandise | $47.8M | 45% |
| Cemetery Interment Rights | $24.8M | 23% |
| Merchandise | $18.9M | 18% |
| Other Revenue | $10.2M | 10% |
| Other | $3.9M | 4% |
