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CWTCalifornia Water Service Group
$46.07$2.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CWT logo

California Water Service Group

CWT
NYSE · Water Utilities
$46.07
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$2.76B
P/E21.4x
52W High$53.82
Volume412.58K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Rate Base Growth Outpaces Equity Funding

California Water Service Group is executing a substantial capital investment program, with net PPE expanding 26% to $4.8B over ten quarters, driving rate base growth. However, the company faces persistent regulatory lag, as evidenced by volatile quarterly earn...

GrowthMixed
ProfitabilityStable
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

CWT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-7% Peers

P/E is 7% below peer median

03

Market leadership

RS 55 · Avg

Average momentum (RS Rating: 55)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 30

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CWT+9.60%
S&P 500 (^GSPC)+12.39%
1-Year Return
CWT+3.67%
S&P 500 (^GSPC)+15.77%
3-Year Return
CWT+2.89%
S&P 500 (^GSPC)+74.00%
5-Year Return
CWT-13.26%
S&P 500 (^GSPC)+69.03%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
21.4x
Forward P/EExpansion
17.8x
EV/EBITDA40th %ile
13.3x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
21.4x
34.3x
40th· Fair
EV/EBITDA
13.3x
17.8x
40th· Fair
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$94.36+104.8%
Base (Fair)$95.65+101.9%
Bull$100.97+119.2%
$94.36 Bear$95.65 Base$100.97 Bull
Current Market Price: $46.07
Trades at a 51.8% discount to Base DCF ($95.65)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1B-3.5% YoY
Net income
$128M-32.8% YoY
Free cash flow
-$214M-19.2% YoY
Operating margin
18.2%-3.6 pts YoY
ROIC (TTM)4.4%
Avg ROIC 5Y-
ROE (TTM)7.7%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 30, 2026
$0.93+16.3%
vs $0.80
$309M+8.9%
vs $284M
Q2 2026
Apr 30, 2026
$0.07-72.0%
vs $0.25
$215M+2.0%
vs $210M
Q1 2026
Feb 25, 2026
$0.19-47.2%
vs $0.36
$220M-8.0%
vs $239M
Q4 2025
Oct 30, 2025
$1.03-14.2%
vs $1.20
$311M+32.1%
vs $236M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·5d ago
The Dividend Kings Ranked By Quality Scores (September 2026)

Dividend Kings have a 50+ year track record of increasing dividends, showcasing resilience through economic challenges. I rank the Dividend Kings using my 9F Quality Scores, blending qualitative and quantitative factors for a robust, investment-grade assessment. ADP stands out as the best total-return candidate. It is undervalued, high-quality, and offering a strong projected dividend growth rate and Adjusted Chowder Number.

Zacks Investment Research·Sep 15, 2026
Can Rising Water Demand Boost California Water's Long-Term Growth?

CWT's rising consumption, $627 million 2026 investment plan and planned Nexus acquisition support its long-term growth outlook.

Zacks Investment Research·Sep 11, 2026
CWT Unit Gets Rate Hike Nod to Recover Infrastructure Investments

California Water Service's Washington Water wins approval for a $4.1M annual revenues increase to recover infrastructure investments and support reliable water service.

GlobeNewsWire·Sep 10, 2026
WUTC Issues Decision in Washington Water's Application to Recover Costs for Investments to Provide Safe, Reliable Service

GIG HARBOR, Wash., Sept. 10, 2026 (GLOBE NEWSWIRE) -- The Washington Utilities and Transportation Commission (WUTC) has issued a decision in Washington Water Service's (Washington Water) application to adjust rates and recover costs for investments made to keep its East Pierce and Legacy water systems safe and reliable. The decision, which adopted the all-party settlement reached among Washington Water, WUTC staff, and the Public Counsel Unit of the Washington Attorney General's Office, enables the California Water Service Group (Group) subsidiary to increase annual revenue by $4.1 million.

Filtered for California Water Service GroupMore Headlines
04

Compare before deciding

Benchmark CWT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for California Water Service Group (CWT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CWT logoCWTCalifornia Water Service GroupCurrent
$46.07$2.76B21.43-3.54%12.82%7.69%2.69%
AWR logoAWRAmerican States Water Company
$83.24$3.26B24.7010.52%20.52%13.5%—
MSEX logoMSEXMiddlesex Water Company
$53.65$999.19M22.731.47%23.26%9.57%—
YORW logoYORWThe York Water Company
$30.93$501.35M22.253.37%401.03%9.38%—
ARTNA logoARTNAArtesian Resources Corporation
$33.75$348.45M15.274.62%20.18%9.37%—
GWRS logoGWRSGlobal Water Resources, Inc.
$8.08$232.41M73.455.82%5.22%3.63%—

Compare CWT vs Peers

California Water Service Group (CWT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AWR

Most directly comparable listed peer for CWT.

Scale Benchmark

vs NEE

Larger-name benchmark to compare CWT against a more recognizable public peer.

Peer Set

Compare Top 5

vs AWR, MSEX, YORW, ARTNA

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CWT SEC Filings & Documents

California Water Service Group (CWT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jul 29, 2026·SEC

Material company update

May 21, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 30, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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CWT Frequently Asked Questions

California Water Service Group (CWT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is California Water Service Group's revenue?

California Water Service Group (CWT) reported $1.05B in revenue for fiscal year 2025. This represents a 477% increase from $182.8M in 1996.

How fast is California Water Service Group growing?

California Water Service Group (CWT) saw revenue decline by 3.5% over the past year.

Is CWT profitable?

Yes, California Water Service Group (CWT) is profitable, generating $133.2M in net income for fiscal year 2025 (12.8% net margin).

Dividend & Returns
Does CWT pay dividends?

Yes, California Water Service Group (CWT) pays a dividend with a yield of 2.69%. This makes it attractive for income-focused investors.

What is CWT's return on equity?

California Water Service Group (CWT) has a return on equity (ROE) of 7.7%. This is below average, suggesting room for improvement.

What is California Water Service Group's free cash flow?

California Water Service Group (CWT) had negative free cash flow of $235.7M in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics
Is CWT's dividend sustainable?

California Water Service Group (CWT) has a dividend payout ratio of 58%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in CWT back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →