Last 48 quarters of trend data · Utilities · Regulated Water
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
California Water Service Group's quarterly P/E stands at 167.9x, up 204.9% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 21.02 | 167.93 | 57.01 | 11.14 | 16.01 | 55.07 | 34.34 | 13.16 | 17.32 | 9.60 | 24.94 | 19.71 | 75.93 |
| — | +204.9% | +66.0% | -15.4% | -7.5% | +473.4% | +37.7% | -33.2% | -77.2% | — | -42.4% | +54.1% | +96.8% | |
| P/S Ratio | 2.70 | 3.16 | 2.94 | 2.20 | 2.56 | 3.54 | 2.99 | 2.67 | 2.89 | 2.48 | 3.49 | 2.68 | 3.77 |
| — | -10.8% | -1.7% | -17.6% | -11.6% | +42.7% | -14.3% | -0.4% | -23.3% | -59.9% | -16.1% | +0.2% | +3.7% | |
| P/B Ratio | 1.59 | 1.51 | 1.53 | 1.61 | 1.63 | 1.77 | 1.62 | 1.96 | 1.83 | 1.83 | 2.09 | 1.93 | 2.10 |
| — | -14.3% | -5.8% | -18.0% | -10.6% | -3.3% | -22.7% | +1.5% | -13.0% | -26.6% | -17.2% | -13.3% | -15.5% | |
| P/FCF | — | 13.72 | — | 21.32 | — | — | — | — | — | — | — | 75.49 | — |
| — | — | — | — | — | — | — | — | — | — | — | +243.9% | — | |
| EV / EBITDA | 13.10 | 18.51 | 19.05 | 9.80 | 11.87 | 18.29 | 15.20 | 11.09 | 12.51 | 8.93 | 15.46 | 13.08 | 21.93 |
| — | +1.2% | +25.3% | -11.6% | -5.1% | +104.8% | -1.7% | -15.3% | -42.9% | -89.4% | -22.4% | +28.0% | +22.3% | |
| EV / EBIT | 23.51 | 59.07 | 43.31 | 15.93 | 15.60 | 37.29 | 30.74 | 12.15 | 15.87 | 10.28 | 38.72 | 18.54 | 45.81 |
| — | +58.4% | +40.9% | +31.1% | -1.7% | +262.8% | -20.6% | -34.5% | -65.3% | — | +4.9% | +40.6% | +44.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
California Water Service Group's operating margin was 8.5% in Q1 2026, up 0.2 pp QoQ and down 2.5 pp YoY. The trailing four-quarter average of 14.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 55.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.7% | 29.7% | 30.5% | 41.5% | 64.3% | 67.0% | 59.2% | 66.3% | 64.6% | 65.2% | 48.7% | 48.7% | 48.1% |
| — | -55.7% | -48.5% | -37.4% | -0.5% | +2.7% | +21.4% | +36.0% | +34.4% | +56.1% | +14.7% | -10.9% | -2.3% | |
| Operating Margin | 18.2% | 8.5% | 8.3% | 22.7% | 19.6% | 11.0% | 14.5% | 22.3% | 19.7% | 28.8% | 16.4% | 17.1% | 8.2% |
| — | -22.4% | -42.9% | +1.8% | -0.8% | -61.9% | -11.6% | +30.7% | +139.9% | +315.2% | +25.6% | -30.1% | -37.9% | |
| Net Margin | 12.8% | 1.9% | 5.2% | 19.7% | 15.9% | 6.5% | 8.8% | 20.3% | 16.6% | 25.8% | 14.0% | 13.5% | 4.9% |
| — | -71.2% | -41.0% | -2.9% | -4.1% | -74.7% | -37.0% | +50.0% | +237.1% | +252.4% | +44.2% | -35.6% | -47.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.7% | 0.2% | 0.7% | 3.6% | 2.6% | 0.8% | 1.2% | 3.8% | 2.7% | 4.8% | 2.1% | 2.5% | 0.7% |
| — | -71.5% | -43.7% | -4.6% | -4.7% | -83.1% | -43.3% | +55.7% | +279.1% | +384.9% | +40.7% | -45.5% | -56.8% | |
| ROA | 2.4% | 0.1% | 0.2% | 1.1% | 0.8% | 0.3% | 0.4% | 1.2% | 0.8% | 1.5% | 0.7% | 0.9% | 0.2% |
| — | -72.4% | -46.8% | -8.6% | -5.8% | -82.7% | -44.0% | +43.1% | +246.4% | +360.1% | +36.5% | -42.5% | -54.4% | |
| ROIC | 4.4% | 0.4% | 0.4% | 1.7% | 1.3% | 0.6% | 0.8% | 1.8% | 1.3% | 2.2% | 1.0% | 1.3% | 0.5% |
| — | -25.9% | -48.2% | -4.3% | -3.3% | -74.6% | -19.9% | +36.8% | +167.0% | +496.9% | +21.8% | -39.7% | -46.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
California Water Service Group's Debt/EBITDA ratio is 29.3x — elevated, raising questions about debt serviceability. The current ratio has improved 30.3% YoY to 0.69x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.95 | 0.95 | 0.95 | 0.89 | 0.93 | 0.89 | 0.85 | 0.80 | 0.84 | 0.91 | 0.87 | 0.83 | 0.85 |
| — | +6.4% | +12.2% | +11.1% | +10.4% | -1.4% | -2.5% | -2.6% | -1.3% | -0.4% | +1.1% | -6.5% | -9.3% | |
| Debt / EBITDA | 4.96 | 29.26 | 29.67 | 14.25 | 17.39 | 24.84 | 21.19 | 13.08 | 15.89 | 11.98 | 18.55 | 15.82 | 25.59 |
| — | +17.8% | +40.0% | +9.0% | +9.4% | +107.4% | +14.3% | -17.3% | -37.9% | -87.0% | -10.3% | +32.4% | +28.5% | |
| Current Ratio | 0.85 | 0.69 | 0.85 | 0.55 | 0.53 | 0.53 | 0.60 | 0.64 | 0.52 | 0.56 | 0.69 | 0.79 | 0.86 |
| — | +30.3% | +40.8% | -14.0% | +1.2% | -5.2% | -12.6% | -19.8% | -39.5% | -27.5% | -31.4% | -24.6% | -11.1% | |
| Quick Ratio | 0.85 | 0.65 | 0.85 | 0.52 | 0.53 | 0.49 | 0.56 | 0.60 | 0.49 | 0.52 | 0.65 | 0.75 | 0.82 |
| — | +31.8% | +50.3% | -13.6% | +8.4% | -5.6% | -13.4% | -20.1% | -40.8% | -28.3% | -32.2% | -26.0% | -11.7% | |
| Interest Coverage | 3.20 | 0.98 | 1.38 | 3.83 | 4.07 | 1.84 | 2.19 | 6.74 | 4.59 | 6.43 | 2.18 | 4.08 | 1.74 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying CWT stock.
California Water Service Group's current P/E is 21.0x. The average P/E over the last 4 quarters is 63.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
California Water Service Group's current operating margin is 18.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking California Water Service Group's business trajectory between earnings reports.