American States Water Company

AWR Utilities Utilities Regulated Water

American States Water Company’s revenue for fiscal 2025 (year ended December 2025) was $658.1 million, up 10.5% from fiscal 2024.

Revenue
+5.37%
EPS
0.00%
Free cash flow
−126.3%
Total debt
−8.97%

Quarter to September 2026, against a year earlier

88.90 2.03 +2.34%
Market cap
$3.4B
P/E
24.3×
Fwd P/E
23.3×
Dividend yield
2.93%
F-score
5/9
Altman Z
1.84
Beneish M
−2.53
Dividend safety
52/100

American States Water Company (AWR) Operating margin

Alert me on Operating margin

American States Water Company's operating margin over the twelve months to 30 September 2026 was 32.2%, up 1.3 percentage points from fiscal 2025 (30.9%). Over the past ten years it has ranged from 23.1% (fiscal 2018) to 33.0% (fiscal 2023); the current reading is higher than 82% of that period. That is in line with the Utilities Regulated Water industry median of 31.2% and above the Utilities sector median of 18.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 30.9% (0.09)
FY2024 31.0% (2.05)
FY2023 33.0% 7.27
FY2022 25.8% (2.50)
FY2021 28.3% 1.53
FY2020 26.7% (0.09)
FY2019 26.8% 3.70
FY2018 23.1% (5.73)
FY2017 28.9% 2.66
FY2016 26.2% 0.36

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 35.0% (0.34)
Jun 2026 35.3% 4.93
Mar 2026 30.4% 2.94
Dec 2025 27.4% (6.37)
43 more quarters

Against its own ten years

Low 23.1% High 33.0%
Ten-year median 26.8%
Current reading's percentile 95

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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