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Wednesday 4 November 2026 Export CWT’s income statement to Excel — free account

California Water Service Group

CWT Utilities Utilities Regulated Water

California Water Service Group’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, down 3.54% from fiscal 2024.

Revenue
+6.73%
EPS
+1.76%
Free cash flow
−97.1%
Total debt
+8.28%

Quarter to September 2026, against a year earlier

50.00 0.89 +1.81%
Market cap
$3.1B
P/E
21.8×
Fwd P/E
19.2×
Dividend yield
2.66%
F-score
4/9
Altman Z
0.83
Beneish M
−2.46
Dividend safety
24/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

California Water Service Group (CWT) Debt to equity

Alert me on Debt to equity

California Water Service Group's debt to equity at the end of the quarter to 30 September 2026 was 0.9×, down 0.1× from fiscal 2025 (0.9×). Over the past ten years it has ranged from 0.8× (fiscal 2024) to 1.3× (fiscal 2019); the current reading is higher than 55% of that period. That is in line with the Utilities Regulated Water industry median of 0.8× and below the Utilities sector median of 1.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.9× 12.39%
FY2024 0.8× (2.18%)
FY2023 0.9× 1.30%
FY2022 0.9× (8.97%)
FY2021 0.9× (25.48%)
FY2020 1.3× (0.51%)
FY2019 1.3× 4.65%
FY2018 1.2× 4.45%
FY2017 1.2× 16.17%
FY2016 1.0× 16.48%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.9× (6.77%)
Jun 2026 0.9× (8.39%)
Mar 2026 1.0× 6.71%
Dec 2025 0.9× 6.12%
43 more quarters

Against its own ten years

Low 0.8× High 1.3×
Ten-year median 0.9×
Current reading's percentile 55

Debt to equity against peers

Company Debt to equity
CWCO Consolidated Water Co. Ltd. compare 0.0×
YORW The York Water Company compare 0.6×
ARTNA Artesian Resources Corporation compare 0.7×
MSEX Middlesex Water Company compare 0.7×
AWR American States Water Company compare 0.8×
CWT California Water Service Group 0.9×
HTO H2O America compare 0.9×
SBS Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp compare 1.1×
WTRG Essential Utilities Inc. compare 1.2×
Utilities Regulated Water industry median 0.8×
Utilities sector median 1.2×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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