California Water Service Group (CWT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CWT Revenue Growth
Revenue Breakdown (FY 2025)
CWT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
CWT Revenue Analysis (2014–2025)
As of May 8, 2026, California Water Service Group (CWT) generated trailing twelve-month (TTM) revenue of $1.01 billion, reflecting solid growth of +5.2% year-over-year. The most recent quarter (Q1 2026) recorded $214.6 million in revenue, down 2.5% sequentially.
Looking at the longer-term picture, CWT's 5-year compound annual growth rate (CAGR) stands at +4.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $1.04 billion in 2024.
Revenue diversification analysis shows CWT's business is primarily driven by Residential (62%), Business (21%), and Public Authorities (6%). With over half of revenue concentrated in Residential, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including AWR (+11.7% YoY), MSEX (+1.8% YoY), and YORW (-124.4% YoY), CWT has underperformed the peer group in terms of revenue growth. Compare CWT vs AWR →
CWT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CWTCurrent | $1.0B | +5.2% | +4.7% | 18.2% | |
 AWR | $658M | +11.7% | +6.2% | 30.9% | |
 MSEX | $195M | +1.8% | +6.6% | 27.9% | |
 YORW | $77M | -124.4% | +7.5% | 35.8% | |
 ARTNA | $113M | +4.6% | +5.1% | 31.5% | |
 GWRS | $56M | +5.8% | +7.6% | 12.8% |
CWT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.00B | -3.5% | $367.4M | 36.7% | $181.6M | 18.2% |
| 2024 | $1.04B | +30.5% | $989.1M | 95.4% | $225.1M | 21.7% |
| 2023 | $794.6M | -6.1% | $363.4M | 45.7% | $77.1M | 9.7% |
| 2022 | $846.4M | +7.0% | $530.4M | 62.7% | $127.7M | 15.1% |
| 2021 | $790.9M | -0.4% | $483.8M | 61.2% | $126.8M | 16.0% |
| 2020 | $794.3M | +11.2% | $391.6M | 49.3% | $136.7M | 17.2% |
| 2019 | $714.6M | +2.3% | $341.2M | 47.7% | $99.4M | 13.9% |
| 2018 | $698.2M | +4.7% | $420.9M | 60.3% | $110.5M | 15.8% |
| 2017 | $666.9M | +9.4% | $402.5M | 60.4% | $94.6M | 14.2% |
| 2016 | $609.4M | +3.6% | $366.4M | 60.1% | $76.2M | 12.5% |
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Start ComparisonCWT — Frequently Asked Questions
Quick answers to the most common questions about buying CWT stock.
Is CWT's revenue growth accelerating or slowing?
CWT maintains +5.2% revenue growth, in line with its 5-year CAGR of +4.7%. TTM revenue stands at $1.0B. Growth rate remains consistent with historical average.
What is CWT's long-term revenue growth rate?
California Water Service Group's 5-year revenue CAGR of +4.7% reflects the sustained expansion pattern. Current YoY growth of +5.2% is near this long-term average.
How is CWT's revenue distributed by segment?
CWT 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.