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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.
KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $164.3M, roughly 1.7× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 6.3%, a 11.2% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -1.2%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
AWR vs KRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $272.2M |
| Net Profit | $28.7M | $17.1M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | — |
| Net Margin | 17.5% | 6.3% |
| Revenue YoY | 14.8% | -5.0% |
| Net Profit YoY | 1.1% | -73.7% |
| EPS (diluted) | $0.74 | $0.11 |
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 | $272.2M | ||
| Q3 25 | $182.7M | $279.7M | ||
| Q2 25 | $163.1M | $289.9M | ||
| Q1 25 | $148.0M | $270.8M | ||
| Q4 24 | $143.1M | $286.4M | ||
| Q3 24 | $161.8M | $289.9M | ||
| Q2 24 | $155.3M | $280.7M | ||
| Q1 24 | $135.3M | $278.6M |
| Q4 25 | $28.7M | $17.1M | ||
| Q3 25 | $41.2M | $162.3M | ||
| Q2 25 | $33.7M | $79.6M | ||
| Q1 25 | $26.8M | $43.7M | ||
| Q4 24 | $28.4M | $65.0M | ||
| Q3 24 | $35.8M | $57.7M | ||
| Q2 24 | $31.9M | $54.5M | ||
| Q1 24 | $23.1M | $55.7M |
| Q4 25 | 88.9% | — | ||
| Q3 25 | 91.0% | — | ||
| Q2 25 | 92.1% | — | ||
| Q1 25 | 91.3% | — | ||
| Q4 24 | 92.4% | — | ||
| Q3 24 | 92.7% | — | ||
| Q2 24 | 89.6% | — | ||
| Q1 24 | 88.4% | — |
| Q4 25 | 27.4% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 31.3% | — | ||
| Q1 25 | 30.8% | — | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 33.3% | — | ||
| Q1 24 | 28.8% | — |
| Q4 25 | 17.5% | 6.3% | ||
| Q3 25 | 22.5% | 58.0% | ||
| Q2 25 | 20.7% | 27.4% | ||
| Q1 25 | 18.1% | 16.1% | ||
| Q4 24 | 19.9% | 22.7% | ||
| Q3 24 | 22.1% | 19.9% | ||
| Q2 24 | 20.5% | 19.4% | ||
| Q1 24 | 17.1% | 20.0% |
| Q4 25 | $0.74 | $0.11 | ||
| Q3 25 | $1.06 | $1.31 | ||
| Q2 25 | $0.87 | $0.57 | ||
| Q1 25 | $0.70 | $0.33 | ||
| Q4 24 | $0.75 | $0.50 | ||
| Q3 24 | $0.95 | $0.44 | ||
| Q2 24 | $0.85 | $0.41 | ||
| Q1 24 | $0.62 | $0.42 |
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 | $179.3M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $5.4B |
| Total Assets | $2.7B | $10.9B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $179.3M | ||
| Q3 25 | $26.1M | $372.4M | ||
| Q2 25 | $20.2M | $193.1M | ||
| Q1 25 | $21.2M | $146.7M | ||
| Q4 24 | $26.7M | $165.7M | ||
| Q3 24 | $16.5M | $625.4M | ||
| Q2 24 | $3.6M | $835.9M | ||
| Q1 24 | $17.0M | $855.0M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $5.4B | ||
| Q3 25 | $1.0B | $5.5B | ||
| Q2 25 | $972.5M | $5.4B | ||
| Q1 25 | $956.4M | $5.4B | ||
| Q4 24 | $920.1M | $5.4B | ||
| Q3 24 | $879.5M | $5.4B | ||
| Q2 24 | $833.5M | $5.4B | ||
| Q1 24 | $800.5M | $5.4B |
| Q4 25 | $2.7B | $10.9B | ||
| Q3 25 | $2.7B | $11.0B | ||
| Q2 25 | $2.6B | $10.9B | ||
| Q1 25 | $2.5B | $10.9B | ||
| Q4 24 | $2.5B | $10.9B | ||
| Q3 24 | $2.4B | $11.4B | ||
| Q2 24 | $2.3B | $11.5B | ||
| Q1 24 | $2.3B | $11.6B |
| 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 | $566.3M |
| Free Cash FlowOCF − Capex | $-36.0M | $450.3M |
| FCF MarginFCF / Revenue | -21.9% | 165.4% |
| Capex IntensityCapex / Revenue | 38.8% | 42.6% |
| Cash ConversionOCF / Net Profit | 0.96× | 33.10× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $833.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $566.3M | ||
| Q3 25 | $92.4M | $176.6M | ||
| Q2 25 | $64.6M | $143.7M | ||
| Q1 25 | $45.1M | $136.9M | ||
| Q4 24 | $64.5M | $541.1M | ||
| Q3 24 | $63.7M | $176.3M | ||
| Q2 24 | $24.7M | $88.7M | ||
| Q1 24 | $45.8M | $167.9M |
| Q4 25 | $-36.0M | $450.3M | ||
| Q3 25 | $37.7M | $148.7M | ||
| Q2 25 | $13.7M | $118.4M | ||
| Q1 25 | $-22.5M | $115.6M | ||
| Q4 24 | $6.0M | $440.8M | ||
| Q3 24 | $-478.0K | $147.2M | ||
| Q2 24 | $-37.0M | $69.5M | ||
| Q1 24 | $-1.7M | $151.9M |
| Q4 25 | -21.9% | 165.4% | ||
| Q3 25 | 20.7% | 53.1% | ||
| Q2 25 | 8.4% | 40.9% | ||
| Q1 25 | -15.2% | 42.7% | ||
| Q4 24 | 4.2% | 153.9% | ||
| Q3 24 | -0.3% | 50.8% | ||
| Q2 24 | -23.8% | 24.7% | ||
| Q1 24 | -1.3% | 54.5% |
| Q4 25 | 38.8% | 42.6% | ||
| Q3 25 | 29.9% | 10.0% | ||
| Q2 25 | 31.2% | 8.7% | ||
| Q1 25 | 45.6% | 7.9% | ||
| Q4 24 | 40.9% | 35.0% | ||
| Q3 24 | 39.7% | 10.1% | ||
| Q2 24 | 39.8% | 6.8% | ||
| Q1 24 | 35.2% | 5.7% |
| Q4 25 | 0.96× | 33.10× | ||
| Q3 25 | 2.24× | 1.09× | ||
| Q2 25 | 1.92× | 1.81× | ||
| Q1 25 | 1.68× | 3.13× | ||
| Q4 24 | 2.27× | 8.32× | ||
| Q3 24 | 1.78× | 3.06× | ||
| Q2 24 | 0.78× | 1.63× | ||
| Q1 24 | 1.98× | 3.01× |
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% |
KRC
Segment breakdown not available.
