American States Water Company (AWR) Revenue History
Annual and quarterly revenue from 1994 to present
AWR Revenue Over Time (1994–2025)
AWR Revenue Growth History
24 of 31 years with positive growth- FY1994 revenue growth
- N/A
- FY1995 revenue growth
- +5.8%
- FY1996 revenue growth
- +16.7%
- FY1997 revenue growth
- +1.5%
- FY1998 revenue growth
- -3.7%
- FY1999 revenue growth
- +17.1%
- FY2000 revenue growth
- +6.1%
- FY2001 revenue growth
- +7.4%
- FY2002 revenue growth
- +5.9%
- FY2003 revenue growth
- +1.7%
- FY2004 revenue growth
- +7.2%
- FY2005 revenue growth
- +3.6%
- FY2006 revenue growth
- +13.7%
- FY2007 revenue growth
- +12.2%
- FY2008 revenue growth
- +5.8%
- FY2009 revenue growth
- +13.3%
- FY2010 revenue growth
- +10.5%
- FY2011 revenue growth
- +5.1%
- FY2012 revenue growth
- +11.4%
- FY2013 revenue growth
- +1.1%
- FY2014 revenue growth
- -1.3%
- FY2015 revenue growth
- -1.5%
- FY2016 revenue growth
- -4.9%
- FY2017 revenue growth
- +1.0%
- FY2018 revenue growth
- -0.9%
- FY2019 revenue growth
- +8.5%
- FY2020 revenue growth
- +3.0%
- FY2021 revenue growth
- +2.2%
- FY2022 revenue growth
- -1.5%
- FY2023 revenue growth
- +21.2%
- FY2024 revenue growth
- -0.0%
- FY2025 revenue growth
- +10.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $169.2M | +14.3% |
| Q4 2025 | $164.3M | +14.8% |
| Q3 2025 | $182.7M | +12.9% |
| Q2 2025 | $163.1M | +5.0% |
| Q1 2025 | $148.0M | +9.4% |
| Q4 2024 | $143.1M | +14.3% |
| Q3 2024 | $161.8M | +6.6% |
| Q2 2024 | $155.3M | -1.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
AWR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
AWR Revenue Analysis (1994–2025)
Current Revenue & Growth
As of June 22, 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.
Historical Growth Trajectory
AWR's 5-year compound annual growth rate (CAGR) stands at +6.2%, indicating steady revenue expansion. The 3-year CAGR of +10.2% exceeds the 5-year average, indicating an acceleration in the most recent period. American States Water Company's highest annual revenue of $658.1 million was recorded in 2025, an all-time high.
Revenue by Segment
AWR's revenue 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 has a focused business model while developing other growth vectors.
Peer Comparison
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 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 (1994–2025)
| 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% |
| 2015 | $458.6M | -1.5% | $338.2M | 73.7% | $118.5M | 25.8% |
| 2014 | $465.8M | -1.3% | $348.8M | 74.9% | $119.0M | 25.6% |
| 2013 | $472.1M | +1.1% | $356.7M | 75.6% | $119.1M | 25.2% |
| 2012 | $466.9M | +11.4% | $350.1M | 75.0% | $111.1M | 23.8% |
| 2011 | $419.3M | +5.1% | $268.9M | 64.1% | $95.1M | 22.7% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
32+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
AWR — Frequently Asked Questions
Quick answers to the most common questions about buying AWR stock.
Is AWR's revenue growth accelerating or slowing?
AWR revenue growth is holding steady at +14.3% year-over-year. TTM revenue is $679M. The current growth rate closely tracks the 5-year CAGR of +6.2%, signalling consistent execution.
What is AWR's revenue history from 1994 to 2026?
American States Water Company (AWR) revenue history spans 1994 to 2026. TTM revenue as of 2026 is $679M, growing at +14.3% YoY. The 5-year CAGR is +6.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is AWR's long-term revenue growth rate (CAGR)?
American States Water Company's 5-year revenue CAGR of +6.2% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +14.3% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for AWR.
Why does AWR's quarterly revenue fluctuate?
AWR quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. American States Water Company's revenue data from 1994 to 2026 shows full historical quarterly detail on this page.
How is AWR's revenue distributed by segment?
AWR reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does AWR's revenue compare to industry peers?
American States Water Company (AWR) with TTM revenue of $679M and +14.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.