American States Water Company (AWR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
AWR Revenue Growth
Revenue Breakdown (FY 2025)
AWR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
AWR Revenue Analysis (2014–2025)
As of May 8, 2026, American States Water Company (AWR) generated trailing twelve-month (TTM) revenue of $679.3 million, reflecting strong growth of +14.3% year-over-year. The most recent quarter (Q1 2026) recorded $169.2 million in revenue, up 3.0% sequentially.
Looking at the longer-term picture, AWR's 5-year compound annual growth rate (CAGR) stands at +6.2%, indicating steady revenue expansion. The company achieved its highest annual revenue of $658.1 million in 2025, representing a new all-time high.
Revenue diversification analysis shows AWR's business is primarily driven by Water Service Utility Operations (71%), Contracted Services (21%), and Electric Service Utility Operations (9%). With over half of revenue concentrated in Water Service Utility Operations, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including WTRG (+13.1% YoY), CWT (+4.2% YoY), and MSEX (+1.8% YoY), AWR has outperformed the peer group in terms of revenue growth. Compare AWR vs WTRG →
AWR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AWRCurrent | $679M | +14.3% | +6.2% | 30.9% | |
 WTRG | $2.5B | +13.1% | +11.1% | 37.2% | |
 CWT | $1.0B | +4.2% | +4.7% | 18.2% | |
 MSEX | $195M | +1.8% | +6.6% | 27.9% | |
 YORW | $77M | -124.4% | +7.5% | 35.8% | |
 ARTNA | $113M | +4.6% | +5.1% | 31.5% |
AWR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $658.1M | +10.5% | $334.1M | 50.8% | $203.3M | 30.9% |
| 2024 | $595.5M | -0.0% | $452.0M | 75.9% | $184.5M | 31.0% |
| 2023 | $595.7M | +21.2% | $449.5M | 75.5% | $196.7M | 33.0% |
| 2022 | $491.5M | -1.5% | $368.2M | 74.9% | $126.6M | 25.8% |
| 2021 | $498.9M | +2.2% | $377.8M | 75.7% | $141.0M | 28.3% |
| 2020 | $488.2M | +3.0% | $368.8M | 75.5% | $130.5M | 26.7% |
| 2019 | $473.9M | +8.5% | $353.7M | 74.6% | $127.1M | 26.8% |
| 2018 | $436.8M | -0.9% | $327.9M | 75.1% | $101.0M | 23.1% |
| 2017 | $440.6M | +1.0% | $337.2M | 76.5% | $127.1M | 28.8% |
| 2016 | $436.1M | -4.9% | $333.3M | 76.4% | $114.7M | 26.3% |
See AWR's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs AWR Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare AWR vs GEV
Side-by-side business, growth, and profitability comparison vs GE Vernova Inc..
Start ComparisonAWR — Frequently Asked Questions
Quick answers to the most common questions about buying AWR stock.
Is AWR's revenue growth accelerating or slowing?
AWR maintains +14.3% revenue growth, in line with its 5-year CAGR of +6.2%. TTM revenue stands at $679M. Growth rate remains consistent with historical average.
What is AWR's long-term revenue growth rate?
American States Water Company's 5-year revenue CAGR of +6.2% reflects the sustained expansion pattern. Current YoY growth of +14.3% is near this long-term average.
How is AWR's revenue distributed by segment?
AWR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.