California Water Service Group (CWT) Earnings History
Profitable32 years of earnings data (1994–2025) · Positive TTM net income
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California Water Service Group (CWT) Earnings Overview
As of October 10, 2026, California Water Service Group (CWT) reported trailing twelve-month net income of $133M, reflecting -33.8% year-over-year growth. The company earned $2.20 per diluted share over the past four quarters, with a net profit margin of 12.8%.
Looking at the long-term picture, CWT's 5-year EPS compound annual growth rate (CAGR) stands at +1.8%, reflecting modest earnings expansion. The company achieved its highest annual net income of $191M in fiscal 2024.
California Water Service Group maintains positive profitability with a gross margin of 36.7%, operating margin of 18.2%, and net margin of 12.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including AWR ($143M net income, 19.8% margin), MSEX ($48M net income, 22.0% margin), YORW ($24M net income, 25.9% margin), CWT has room to improve margins relative to the peer group. Compare CWT vs AWR →
CWT Earnings vs Peers
Earnings metrics vs comparable public companies
CWT Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $128M | -32.8% | $182M | $2.15 | 12.8% | 18.2% |
| 2024 | $191M | +267.6% | $225M | $3.25 | 18.4% | 21.7% |
| 2023 | $52M | -45.9% | $77M | $0.91 | 6.5% | 9.7% |
| 2022 | $96M | -5.1% | $128M | $1.77 | 11.3% | 15.1% |
| 2021 | $101M | +4.4% | $127M | $1.96 | 12.8% | 16.0% |
| 2020 | $97M | +53.4% | $137M | $1.97 | 12.2% | 17.2% |
| 2019 | $63M | -3.8% | $99M | $1.31 | 8.8% | 13.9% |
| 2018 | $66M | -2.4% | $111M | $1.36 | 9.4% | 15.8% |
| 2017 | $67M | +38.0% | $95M | $1.52 | 10.1% | 14.2% |
| 2016 | $49M | +8.1% | $76M | $1.01 | 8.0% | 12.5% |
| 2015 | $45M | -20.7% | $71M | $0.94 | 7.7% | 12.1% |
| 2014 | $57M | +20.1% | $82M | $1.19 | 9.5% | 13.7% |
| 2013 | $47M | -3.2% | $74M | $1.02 | 8.1% | 12.7% |
| 2012 | $49M | +29.5% | $74M | $1.17 | 8.7% | 13.2% |
| 2011 | $38M | +0.1% | $67M | $0.90 | 7.5% | 13.4% |
| 2010 | $38M | -7.1% | $62M | $0.90 | 8.2% | 13.4% |
| 2009 | $41M | +1.9% | $58M | $0.98 | 9.0% | 12.9% |
| 2008 | $40M | +27.7% | $82M | $0.95 | 9.7% | 20.0% |
| 2007 | $31M | +21.8% | $62M | $0.75 | 8.5% | 16.9% |
| 2006 | $26M | -6.0% | $56M | $0.67 | 7.6% | 16.6% |
| 2005 | $27M | +4.6% | $60M | $0.74 | 8.5% | 18.7% |
| 2004 | $26M | +34.0% | $59M | $0.70 | 8.2% | 18.6% |
| 2003 | $19M | +1.8% | $43M | $0.57 | 7.0% | 15.6% |
| 2002 | $19M | +27.5% | $43M | $0.63 | 7.2% | 16.3% |
| 2001 | $15M | -25.0% | $35M | $0.49 | 6.1% | 14.1% |
| 2000 | $20M | +0.3% | $45M | $0.66 | 8.2% | 18.3% |
| 1999 | $20M | +8.2% | $43M | $0.72 | 9.6% | 20.7% |
| 1998 | $18M | -21.0% | $41M | $0.66 | 9.9% | 21.8% |
| 1997 | $23M | +22.0% | $48M | $0.92 | 11.9% | 24.7% |
| 1996 | $19M | +29.9% | $43M | $0.75 | 10.4% | 23.2% |
| 1995 | $15M | +2.1% | $35M | $0.58 | 8.9% | 21.3% |
| 1994 | $14M | - | $35M | $0.61 | 9.2% | 22.3% |
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CWT — Frequently Asked Questions
Quick answers to the most common questions about buying CWT stock.
What is CWT earnings per share (EPS)?
CWT trailing twelve-month (TTM) diluted EPS is $2.20, reflecting -33.8% year-over-year growth. The 5-year EPS CAGR is +1.8%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is California Water Service Group's net income?
California Water Service Group (CWT) trailing twelve-month net income is $133M as of 2025. Earnings declined -33.8% year-over-year. California Water Service Group has been profitable for 32 consecutive years.
Is CWT profitable?
Yes, CWT is profitable with a TTM net income of $133M and a net profit margin of +12.8%. California Water Service Group has generated profits for 32 consecutive years.
What is CWT's earnings growth rate?
CWT compound annual EPS growth rates (CAGR): 1-Year: -33.8%, 3-Year: +6.7%, 5-Year: +1.8%, 10-Year: +8.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are CWT's profit margins?
California Water Service Group net profit margin is +12.8%, operating margin is +18.2%, and gross margin is +36.7%. Margins are within a typical range for the sector. Return on Equity is +7.7%.
Is CWT growing earnings?
CWT earnings are declining — EPS fell -33.8% year-over-year. TTM net income dropped to $133M. This contrasts with the 5-year CAGR of +1.8%.
What was CWT's best earnings year?
California Water Service Group's highest annual net income on record is $191M, achieved in fiscal year 2024. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were CWT's earnings last quarter?
CWT's most recent reported quarter was Q2 2026. Net income was $56M with diluted EPS of $0.93. For a full breakdown of all quarters, see the quarterly earnings table on this page.