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

California Water Service Group (CWT) Operating margin

Alert me on Operating margin

California Water Service Group's operating margin over the twelve months to 30 September 2026 was 18.4%, up 1.3 percentage points from fiscal 2025 (17.0%). Over the past ten years it has ranged from 9.71% (fiscal 2023) to 21.7% (fiscal 2024); the current reading is higher than 82% of that period. That is below the Utilities Regulated Water industry median of 31.2% and in line with the Utilities sector median of 18.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 17.0% (4.68)
FY2024 21.7% 12.00
FY2023 9.71% (5.37)
FY2022 15.1% (0.95)
FY2021 16.0% (1.18)
FY2020 17.2% 3.30
FY2019 13.9% (1.92)
FY2018 15.8% (0.01)
FY2017 15.8% 2.28
FY2016 13.6% 1.47

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 24.9% 1.92
Jun 2026 23.0% 14.50
Mar 2026 8.47% (3.17)
Dec 2025 11.6% (11.05)
43 more quarters

Against its own ten years

Low 9.71% High 21.7%
Ten-year median 15.8%
Current reading's percentile 88

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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