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6Mar 27, 2026·SEC
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American States Water Company (AWR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
American States Water Company (AWR) stock price & volume — 10-year historical chart
American States Water Company (AWR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
American States Water Company (AWR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 18, 2026 | $0.74vs $0.75-1.5% | $164Mvs $135M+21.7% |
| Q4 2025 | Nov 5, 2025 | $1.06vs $1.01+5.0% | $183Mvs $169M+8.2% |
| Q3 2025 | Aug 6, 2025 | $0.87vs $0.92-5.4% | $163Mvs $171M-4.4% |
| Q2 2025 | May 7, 2025 | $0.70vs $0.70+0.0% | $148Mvs $146M+1.5% |
American States Water Company (AWR) competitors in Multi-Utility Regulated Water Providers — business model, growth, and fundamentals comparison
American States Water Company (AWR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
American States Water Company (AWR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 440.6M | 436.82M | 473.87M | 488.24M | 498.85M | 491.53M | 595.7M | 595.46M | 658.07M | 636.89M |
| Revenue Growth % | 1.04% | -0.86% | 8.48% | 3.03% | 2.17% | -1.47% | 21.19% | -0.04% | 10.52% | 10.28% |
| Cost of Revenue | 103.42M | 108.94M | 120.15M | 119.4M | 121.03M | 123.3M | 146.15M | 143.44M | 0 | 190.34M |
| Gross Profit | 337.19M▲ 0% | 327.88M▼ 2.8% | 353.72M▲ 7.9% | 368.84M▲ 4.3% | 377.82M▲ 2.4% | 368.23M▼ 2.5% | 449.55M▲ 22.1% | 452.02M▲ 0.6% | 0▼ 100.0% | 446.55M▲ 0% |
| Gross Margin % | 76.53% | 75.06% | 74.65% | 75.54% | 75.74% | 74.91% | 75.47% | 75.91% | 0% | 70.11% |
| Gross Profit Growth % | 1.16% | -2.76% | 7.88% | 4.27% | 2.44% | -2.54% | 22.08% | 0.55% | -100% | - |
| Operating Expenses | 218.43M | 226.98M | 226.65M | 238.34M | 236.85M | 241.59M | 252.81M | 267.54M | 454.8M | 249.62M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 166.35M | 141.65M | 162.79M | 167.7M | 180.95M | 168.33M | 239.99M | 228.71M | 251.06M | 244.28M |
| EBITDA Margin % | 37.75% | 32.43% | 34.35% | 34.35% | 36.27% | 34.25% | 40.29% | 38.41% | 38.15% | 38.36% |
| EBITDA Growth % | 8.14% | -14.85% | 14.92% | 3.02% | 7.9% | -6.97% | 42.57% | -4.7% | 9.77% | 8.84% |
| Depreciation & Amortization | 39.27M | 40.66M | 35.71M | 37.2M | 39.97M | 41.7M | 43.25M | 44.23M | 47.78M | 47.35M |
| D&A / Revenue % | 8.91% | 9.31% | 7.54% | 7.62% | 8.01% | 8.48% | 7.26% | 7.43% | 7.26% | 7.44% |
| Operating Income (EBIT) | 127.08M▲ 0% | 100.98M▼ 20.5% | 127.07M▲ 25.8% | 130.5M▲ 2.7% | 140.98M▲ 8.0% | 126.64M▼ 10.2% | 196.74M▲ 55.4% | 184.48M▼ 6.2% | 203.28M▲ 10.2% | 196.93M▲ 0% |
| Operating Margin % | 28.84% | 23.12% | 26.82% | 26.73% | 28.26% | 25.76% | 33.03% | 30.98% | 30.89% | 30.92% |
| Operating Income Growth % | 10.77% | -20.53% | 25.84% | 2.7% | 8.03% | -10.17% | 55.36% | -6.23% | 10.19% | - |
| Interest Expense | 22.58M | 23.43M | 24.59M | 22.53M | 22.83M | 27.03M | 42.76M | 50.38M | -46.78M | 4M |
| Interest Coverage | 5.63x | 4.31x | 5.17x | 5.79x | 6.17x | 4.69x | 4.60x | 3.66x | - | - |
| Interest / Revenue % | 5.13% | 5.36% | 5.19% | 4.61% | 4.58% | 5.5% | 7.18% | 8.46% | -7.11% | 0.63% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 108.34M▲ 0% | 81.89M▼ 24.4% | 109.01M▲ 33.1% | 114.62M▲ 5.1% | 124.77M▲ 8.9% | 102.06M▼ 18.2% | 166.52M▲ 63.2% | 149.44M▼ 10.3% | 169.8M▲ 13.6% | 164.12M▲ 0% |
| Pretax Margin % | 24.59% | 18.75% | 23% | 23.48% | 25.01% | 20.76% | 27.95% | 25.1% | 25.8% | 25.77% |
| Income Tax | 38.97M | 18.02M | 24.67M | 28.2M | 30.42M | 23.66M | 41.6M | 30.17M | 39.36M | 33.98M |
| Effective Tax Rate % | 35.97% | 22% | 22.63% | 24.6% | 24.38% | 23.19% | 24.98% | 20.19% | 23.18% | 20.71% |
| Net Income | 69.37M▲ 0% | 63.87M▼ 7.9% | 84.34M▲ 32.1% | 86.42M▲ 2.5% | 94.35M▲ 9.2% | 78.4M▼ 16.9% | 124.92M▲ 59.3% | 119.27M▼ 4.5% | 130.44M▲ 9.4% | 130.14M▲ 0% |
| Net Margin % | 15.74% | 14.62% | 17.8% | 17.7% | 18.91% | 15.95% | 20.97% | 20.03% | 19.82% | 20.43% |
| Net Income Growth % | 16.11% | -7.92% | 32.05% | 2.47% | 9.17% | -16.91% | 59.35% | -4.53% | 9.37% | 16.96% |
| EPS (Diluted) | 1.88▲ 0% | 1.73▼ 8.0% | 2.28▲ 31.8% | 2.33▲ 2.2% | 2.55▲ 9.4% | 2.11▼ 17.3% | 3.36▲ 59.2% | 3.17▼ 5.7% | 3.37▲ 6.3% | 3.36▲ 0% |
| EPS Growth % | 16.05% | -7.98% | 31.79% | 2.19% | 9.44% | -17.25% | 59.24% | -5.65% | 6.31% | 13.8% |
| EPS (Basic) | 1.88 | 1.74 | 2.28 | 2.34 | 2.55 | 2.12 | 3.37 | 3.17 | 3.37 | - |
| Diluted Shares Outstanding | 36.84M | 36.94M | 36.96M | 36.99M | 37.01M | 37.04M | 37.08M | 37.58M | 38.67M | 38.7M |
American States Water Company (AWR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.42B | 1.5B | 1.64B | 1.79B | 1.9B | 2.03B | 2.25B | 2.5B | 1.18B | 2.66B |
| Asset Growth % | -3.66% | 5.98% | 9.32% | 9.16% | 6.11% | 7.02% | 10.41% | 11.31% | -52.93% | 43.19% |
| PP&E (Net) | 1.23B | 1.32B | 1.46B | 1.56B | 1.68B | 1.8B | 1.94B | 2.16B | 0 | 2.25B |
| PP&E / Total Assets % | 86.75% | 88.03% | 88.9% | 86.99% | 88.23% | 88.49% | 86.51% | 86.32% | 0% | 84.64% |
| Total Current Assets | 155.46M | 131.47M | 122.46M | 157.12M | 138.05M | 151.29M | 205.98M | 233.35M | 10.83M | 250.78M |
| Cash & Equivalents | 214K | 7.14M | 1.33M | 36.74M | 4.96M | 6M | 14.07M | 26.66M | 626K | 26.07M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K |
| Inventory | 4.79M | 5.78M | 6.43M | 8.62M | 12.16M | 14.62M | 17.57M | 15.14M | 0 | 16.95M |
| Other Current Assets | 34.22M | 16.53M | 20.93M | 13.09M | 13.34M | 25.88M | 50.91M | 57.79M | 10.2M | 57.55M |
| Long-Term Investments | 539.33M | -72.36M | 0 | 0 | 0 | 0 | 0 | 0 | 1.15B | 32.54M |
| Goodwill | 1.12M | 1.12M | 1.12M | 1.12M | 1.12M | 1.12M | 1.12M | 0 | 0 | 0 |
| Intangible Assets | 571K | 571K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | -516.66M | 5.32M | 58.59M | 74.86M | 84.53M | 81.76M | 95.83M | 108.79M | 0 | 124.45M |
| Total Liabilities | 886.79M | 662.12M | 1.04B | 1.15B | 1.22B | 1.32B | 1.47B | 1.58B | 131.18M | 1.65B |
| Total Debt | 380.36M | 416.91M | 499.93M | 586.55M | 629.02M | 734.43M | 917.88M | 938.24M | 124M | 921.78M |
| Net Debt | 380.15M | 409.77M | 498.59M | 549.82M | 624.05M | 728.43M | 903.81M | 911.57M | 123.37M | 895.71M |
| Long-Term Debt | 321.04M | 376.59M | 481M | 574.55M | 586.68M | 468.55M | 867.05M | 805.38M | 124M | 909.26M |
| Short-Term Borrowings | 59.32M | 40.32M | 5.34M | 358K | 31.38M | 255.9M | 42.35M | 124.39M | 0 | 7.56M |
| Capital Lease Obligations | 0 | 0 | 13.59M | 11.65M | 10.96M | 9.98M | 8.47M | 8.47M | 0 | 28.94M |
| Total Current Liabilities | 156.66M | 146.59M | 116M | 118.57M | 155.57M | 396.52M | 166.62M | 285.52M | 4.78M | 197.47M |
| Accounts Payable | 50.98M | 59.53M | 55.62M | 63.79M | 65.9M | 84.85M | 68.7M | 88.59M | 0 | 81.66M |
| Accrued Expenses | 12.97M | 13.84M | 17.3M | 19.95M | 20.8M | 19.3M | 23.34M | 23.66M | 0 | 91.12M |
| Deferred Revenue | 3.91M | 7.53M | 11.17M | 1.8M | 257K | 903K | 1.35M | 5.66M | 0 | 10.42M |
| Other Current Liabilities | 29.25M | 25M | 13.51M | 11.97M | 13.39M | 15.57M | 13.87M | 23.98M | 4.78M | 54.17M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 746.51M |
| Other Liabilities | 293.38M | 305.82M | 304.47M | 314.78M | 322.42M | 300.91M | 267.13M | 301.74M | 0 | 343.28M |
| Total Equity | 529.95M▲ 0% | 839.31M▲ 58.4% | 601.53M▼ 28.3% | 641.67M▲ 6.7% | 685.95M▲ 6.9% | 709.55M▲ 3.4% | 776.11M▲ 9.4% | 920.05M▲ 18.5% | 1.05B▲ 13.6% | 1.01B▲ 0% |
| Equity Growth % | -35% | 58.38% | -28.33% | 6.67% | 6.9% | 3.44% | 9.38% | 18.55% | 13.64% | 69.47% |
| Shareholders Equity | 529.95M | 839.31M | 601.53M | 641.67M | 685.95M | 709.55M | 776.11M | 920.05M | 1.05B | 1.01B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 250.12M | 253.69M | 255.57M | 256.67M | 258.44M | 260.16M | 263.18M | 355.14M | 0 | 398.01M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 279.82M | 304.53M | 345.96M | 385.01M | 427.5M | 449.39M | 512.93M | 564.91M | 0 | 611.3M |
| Accumulated OCI | -533.37M | -561.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 4.81% | 4.38% | 5.37% | 5.04% | 5.11% | 3.98% | 5.84% | 5.03% | 7.1% | 4.9% |
| Return on Equity (ROE) | 10.31% | 9.33% | 11.71% | 13.9% | 14.21% | 11.24% | 16.82% | 14.06% | 13.27% | 12.89% |
| Debt / Equity | 0.72x | 0.50x | 0.83x | 0.91x | 0.92x | 1.04x | 1.18x | 1.02x | 0.12x | 0.12x |
| Debt / Assets | 26.85% | 27.77% | 30.46% | 32.74% | 33.09% | 36.1% | 40.87% | 37.53% | 10.54% | 34.72% |
| Net Debt / EBITDA | 2.29x | 2.89x | 3.06x | 3.28x | 3.45x | 4.33x | 3.77x | 3.99x | 0.49x | 0.49x |
| Book Value per Share | 14.38 | 22.72 | 16.27 | 17.34 | 18.53 | 19.16 | 20.93 | 24.48 | 27.04 | 26.08 |
American States Water Company (AWR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 144.55M | 136.77M | 116.86M | 122.17M | 115.58M | 117.8M | 67.68M | 198.73M | 0 | 0 |
| Operating CF Growth % | 49.1% | -5.38% | -14.56% | 4.54% | -5.39% | 1.92% | -42.54% | 193.62% | -100% | 682.62% |
| Operating CF / Revenue % | 32.81% | 31.31% | 24.66% | 25.02% | 23.17% | 23.97% | 11.36% | 33.37% | 0% | 0% |
| Net Income | 69.37M | 63.87M | 84.34M | 86.42M | 94.35M | 78.4M | 124.92M | 119.27M | 130.44M | 130.14M |
| Depreciation & Amortization | 39.27M | 40.66M | 35.71M | 37.2M | 39.97M | 41.7M | 43.25M | 44.23M | 48.87M | 47.35M |
| Deferred Taxes | 12.15M | -5.77M | 6.62M | 2.24M | 3.56M | 2.8M | 4.78M | 0 | 0 | -1.12M |
| Other Non-Cash Items | -8.85M | 1.41M | -2.7M | -2.47M | -3.55M | 6.26M | -3.79M | -1.41M | -182.87M | -1.93M |
| Working Capital Changes | 29.73M | 32.75M | -9.63M | -3.7M | -21.32M | -13.93M | -104.79M | 32.91M | 0 | 88.58M |
| Capital Expenditures | -113.13M | -126.56M | -151.94M | -130.42M | -144.51M | -166.24M | -188.54M | -231.96M | -236.82M | -231.61M |
| CapEx / Revenue % | 25.68% | 28.97% | 32.06% | 26.71% | 28.97% | 33.82% | 31.65% | 38.95% | 35.99% | 36.37% |
| CapEx / D&A | 2.88x | 3.11x | 4.25x | 3.51x | 3.62x | 3.99x | 4.36x | 5.24x | 4.85x | 4.89x |
| CapEx Coverage (OCF/CapEx) | 1.28x | 1.08x | 0.77x | 0.94x | 0.80x | 0.71x | 0.36x | 0.86x | 0.00x | 0.00x |
| Cash from Investing | -80.03M | -128.04M | -153.19M | -131.61M | -145.09M | -167.1M | -188.76M | -232.78M | -236.82M | -232.63M |
| Acquisitions | 34.32M | 72K | 169K | 88K | 565K | 59K | 0 | 0 | 0 | 0 |
| Purchase of Investments | -1.23M | -1.55M | -1.42M | -1.27M | -1.14M | -921K | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | -169K | -88K | -565K | -59K | 0 | 0 | 0 | 0 |
| Other Investing | 34.32M | 72K | 169K | 88K | 565K | 59K | -224K | -820K | 0 | -1.01M |
| Cash from Financing | -64.74M | -1.8M | 30.52M | 44.84M | -2.27M | 50.34M | 129.16M | 46.64M | 0 | -24.3M |
| Dividends Paid | -36.42M | -38.94M | -42.7M | -47.21M | -51.69M | -56.36M | -61.2M | -67.02M | -74.66M | -72.73M |
| Dividend Payout Ratio % | 52.5% | 60.96% | 50.63% | 54.62% | 54.79% | 71.89% | 48.99% | 56.19% | - | - |
| Debt Issuance (Net) | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
| Stock Issued | 0 | 546K | 519K | 30K | 0 | 0 | 0 | 88.81M | 0 | 69.72M |
| Share Repurchases | 0 | 0 | -519K | -30K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 2.09M | 958K | 4.05M | 3.77M | 6.48M | 281K | 6.43M | 5.14M | 74.66M | 2.95M |
| Net Change in Cash | -222K▲ 0% | 6.93M▲ 3220.3% | -5.81M▼ 183.8% | 35.4M▲ 709.7% | -31.77M▼ 189.7% | 1.03M▲ 103.3% | 8.08M▲ 681.0% | 12.59M▲ 55.9% | -7.84M▼ 162.3% | 9.6M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 436K | 214K | 7.14M | 1.33M | 36.74M | 4.96M | 6M | 14.07M | 26.66M | 20.25M |
| Cash at End | 214K | 7.14M | 1.33M | 36.74M | 4.96M | 6M | 14.07M | 26.66M | 18.82M | 26.07M |
| Free Cash Flow | 31.43M▲ 0% | 10.21M▼ 67.5% | -35.08M▼ 443.4% | -8.25M▲ 76.5% | -28.93M▼ 250.6% | -48.44M▼ 67.4% | -120.86M▼ 149.5% | -33.23M▲ 72.5% | -236.82M▼ 612.7% | 34.92M▲ 0% |
| FCF Growth % | 195.47% | -67.5% | -443.44% | 76.47% | -250.55% | -67.44% | -149.49% | 72.51% | -612.72% | 143.38% |
| FCF Margin % | 7.13% | 2.34% | -7.4% | -1.69% | -5.8% | -9.86% | -20.29% | -5.58% | -35.99% | 5.48% |
| FCF / Net Income % | 45.3% | 15.99% | -41.59% | -9.55% | -30.66% | -61.79% | -96.75% | -27.86% | -181.55% | 26.83% |
American States Water Company (AWR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 10.31% | 9.33% | 11.71% | 13.9% | 14.21% | 11.24% | 16.82% | 14.06% | 13.27% | 12.89% |
| EBITDA Margin | 37.75% | 32.43% | 34.35% | 34.35% | 36.27% | 34.25% | 40.29% | 38.41% | 38.15% | 38.36% |
| Net Debt / EBITDA | 2.29x | 2.89x | 3.06x | 3.28x | 3.45x | 4.33x | 3.77x | 3.99x | 0.49x | 0.49x |
| Interest Coverage | 5.63x | 4.31x | 5.17x | 5.79x | 6.17x | 4.69x | 4.60x | 3.66x | - | - |
| CapEx / Revenue | 25.68% | 28.97% | 32.06% | 26.71% | 28.97% | 33.82% | 31.65% | 38.95% | 35.99% | 36.37% |
| Dividend Payout Ratio | 52.5% | 60.96% | 50.63% | 54.62% | 54.79% | 71.89% | 48.99% | 56.19% | - | 55.89% |
| Debt / Equity | 0.72x | 0.50x | 0.83x | 0.91x | 0.92x | 1.04x | 1.18x | 1.02x | 0.12x | 0.12x |
| EPS Growth | 16.05% | -7.98% | 31.79% | 2.19% | 9.44% | -17.25% | 59.24% | -5.65% | 6.31% | 13.8% |
American States Water Company (AWR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 27, 2026·SEC
Mar 13, 2026·SEC
Feb 20, 2026·SEC
American States Water Company (AWR) stock FAQ — growth, dividends, profitability & financials explained
American States Water Company (AWR) reported $636.9M in revenue for fiscal year 2025. This represents a 320% increase from $151.5M in 1996.
American States Water Company (AWR) grew revenue by 10.5% over the past year. This is steady growth.
Yes, American States Water Company (AWR) is profitable, generating $130.1M in net income for fiscal year 2025 (19.8% net margin).
Yes, American States Water Company (AWR) pays a dividend with a yield of 2.53%. This makes it attractive for income-focused investors.
American States Water Company (AWR) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.
American States Water Company (AWR) generated $34.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
American States Water Company (AWR) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.
American States Water Company (AWR) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates