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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Consolidated Water Co. Ltd. (CWCO). 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 $29.6M, roughly 5.5× Consolidated Water Co. Ltd.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 10.3%, a 7.2% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 4.4%). Consolidated Water Co. Ltd. produced more free cash flow last quarter ($3.4M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -13.6%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.
AWR vs CWCO — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $29.6M |
| Net Profit | $28.7M | $3.0M |
| Gross Margin | 88.9% | 34.7% |
| Operating Margin | 27.4% | 9.1% |
| Net Margin | 17.5% | 10.3% |
| Revenue YoY | 14.8% | 4.4% |
| Net Profit YoY | 1.1% | 91.5% |
| EPS (diluted) | $0.74 | $0.18 |
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 | $29.6M | ||
| Q3 25 | $182.7M | $35.1M | ||
| Q2 25 | $163.1M | $33.6M | ||
| Q1 25 | $148.0M | $33.7M | ||
| Q4 24 | $143.1M | $28.4M | ||
| Q3 24 | $161.8M | $33.4M | ||
| Q2 24 | $155.3M | $32.5M | ||
| Q1 24 | $135.3M | $39.7M |
| Q4 25 | $28.7M | $3.0M | ||
| Q3 25 | $41.2M | $5.5M | ||
| Q2 25 | $33.7M | $5.1M | ||
| Q1 25 | $26.8M | $4.8M | ||
| Q4 24 | $28.4M | $1.6M | ||
| Q3 24 | $35.8M | $4.5M | ||
| Q2 24 | $31.9M | $15.9M | ||
| Q1 24 | $23.1M | $6.5M |
| Q4 25 | 88.9% | 34.7% | ||
| Q3 25 | 91.0% | 36.9% | ||
| Q2 25 | 92.1% | 38.2% | ||
| Q1 25 | 91.3% | 36.5% | ||
| Q4 24 | 92.4% | 29.9% | ||
| Q3 24 | 92.7% | 34.8% | ||
| Q2 24 | 89.6% | 35.8% | ||
| Q1 24 | 88.4% | 35.0% |
| Q4 25 | 27.4% | 9.1% | ||
| Q3 25 | 33.8% | 16.4% | ||
| Q2 25 | 31.3% | 15.7% | ||
| Q1 25 | 30.8% | 13.7% | ||
| Q4 24 | 27.0% | 3.8% | ||
| Q3 24 | 34.0% | 14.6% | ||
| Q2 24 | 33.3% | 15.4% | ||
| Q1 24 | 28.8% | 18.4% |
| Q4 25 | 17.5% | 10.3% | ||
| Q3 25 | 22.5% | 15.8% | ||
| Q2 25 | 20.7% | 15.2% | ||
| Q1 25 | 18.1% | 14.2% | ||
| Q4 24 | 19.9% | 5.6% | ||
| Q3 24 | 22.1% | 13.3% | ||
| Q2 24 | 20.5% | 48.8% | ||
| Q1 24 | 17.1% | 16.3% |
| Q4 25 | $0.74 | $0.18 | ||
| Q3 25 | $1.06 | $0.34 | ||
| Q2 25 | $0.87 | $0.32 | ||
| Q1 25 | $0.70 | $0.30 | ||
| Q4 24 | $0.75 | $0.10 | ||
| Q3 24 | $0.95 | $0.28 | ||
| Q2 24 | $0.85 | $0.99 | ||
| Q1 24 | $0.62 | $0.40 |
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 | $123.8M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $221.7M |
| Total Assets | $2.7B | $257.6M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $123.8M | ||
| Q3 25 | $26.1M | $123.6M | ||
| Q2 25 | $20.2M | $112.2M | ||
| Q1 25 | $21.2M | $107.9M | ||
| Q4 24 | $26.7M | $99.4M | ||
| Q3 24 | $16.5M | $104.9M | ||
| Q2 24 | $3.6M | $96.7M | ||
| Q1 24 | $17.0M | $46.2M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $221.7M | ||
| Q3 25 | $1.0B | $220.4M | ||
| Q2 25 | $972.5M | $216.6M | ||
| Q1 25 | $956.4M | $213.3M | ||
| Q4 24 | $920.1M | $210.0M | ||
| Q3 24 | $879.5M | $209.8M | ||
| Q2 24 | $833.5M | $206.7M | ||
| Q1 24 | $800.5M | $192.1M |
| Q4 25 | $2.7B | $257.6M | ||
| Q3 25 | $2.7B | $257.2M | ||
| Q2 25 | $2.6B | $257.5M | ||
| Q1 25 | $2.5B | $250.4M | ||
| Q4 24 | $2.5B | $243.3M | ||
| Q3 24 | $2.4B | $238.4M | ||
| Q2 24 | $2.3B | $235.2M | ||
| Q1 24 | $2.3B | $223.2M |
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | $-36.0M | $3.4M |
| FCF MarginFCF / Revenue | -21.9% | 11.4% |
| Capex IntensityCapex / Revenue | 38.8% | 8.1% |
| Cash ConversionOCF / Net Profit | 0.96× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $33.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $5.8M | ||
| Q3 25 | $92.4M | $15.4M | ||
| Q2 25 | $64.6M | $8.8M | ||
| Q1 25 | $45.1M | $11.8M | ||
| Q4 24 | $64.5M | $-742.0K | ||
| Q3 24 | $63.7M | $10.4M | ||
| Q2 24 | $24.7M | $21.0M | ||
| Q1 24 | $45.8M | $6.0M |
| Q4 25 | $-36.0M | $3.4M | ||
| Q3 25 | $37.7M | $13.5M | ||
| Q2 25 | $13.7M | $6.1M | ||
| Q1 25 | $-22.5M | $10.2M | ||
| Q4 24 | $6.0M | $-3.7M | ||
| Q3 24 | $-478.0K | $8.3M | ||
| Q2 24 | $-37.0M | $19.8M | ||
| Q1 24 | $-1.7M | $5.4M |
| Q4 25 | -21.9% | 11.4% | ||
| Q3 25 | 20.7% | 38.4% | ||
| Q2 25 | 8.4% | 18.3% | ||
| Q1 25 | -15.2% | 30.1% | ||
| Q4 24 | 4.2% | -13.0% | ||
| Q3 24 | -0.3% | 24.9% | ||
| Q2 24 | -23.8% | 60.8% | ||
| Q1 24 | -1.3% | 13.7% |
| Q4 25 | 38.8% | 8.1% | ||
| Q3 25 | 29.9% | 5.5% | ||
| Q2 25 | 31.2% | 7.8% | ||
| Q1 25 | 45.6% | 4.7% | ||
| Q4 24 | 40.9% | 10.4% | ||
| Q3 24 | 39.7% | 6.1% | ||
| Q2 24 | 39.8% | 3.7% | ||
| Q1 24 | 35.2% | 1.3% |
| Q4 25 | 0.96× | 1.90× | ||
| Q3 25 | 2.24× | 2.79× | ||
| Q2 25 | 1.92× | 1.72× | ||
| Q1 25 | 1.68× | 2.45× | ||
| Q4 24 | 2.27× | -0.47× | ||
| Q3 24 | 1.78× | 2.32× | ||
| Q2 24 | 0.78× | 1.32× | ||
| Q1 24 | 1.98× | 0.92× |
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% |
CWCO
| Services Revenues | $10.5M | 35% |
| Transferred At Point In Time | $8.5M | 29% |
| Operations And Maintenance | $8.4M | 28% |
| Transferred Over Time | $1.9M | 7% |
