Saturday 10 October 2026 Export all CWT data to Excel Powerpack

California Water Service Group

In the quarter to June 2026, revenue grew 16.5%, EPS grew 32.4%, free cash flow fell 18.3% and total debt rose 9.18%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

45.94 0.34 +0.75%

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Market cap: $2.8B
P/E: 20.6×
Fwd P/E: 18.7×
Dividend yield: 2.84%
F-score: 4/9
Altman Z: 0.83
Beneish M: −2.46
Dividend safety: 24/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.02

Total sells 0.66

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	2	—	2	—	—	1	1	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 2,820.00

Revenue 1,054.38

Net Income 133.09

Free Cash Flow (235.73)

Net Debt 1,588.40

Current Ratio 0.70

Debt/Equity 0.93

P/E ratio 20.61

Fwd P/E 18.70

P/S ratio 2.63

P/B ratio 1.53

Past 5Y EPS Growth 1.76%

This Y EPS Growth 18.51%

Next Y EPS Growth 5.97%

Next Y revenue growth 9.28%

Next 5Y EPS Growth 9.07%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 15.92%

10-year low 10-year high

P/S against its own 10 years 12.22%

10-year low 10-year high

P/B against its own 10 years 1.33%

10-year low 10-year high

EV/Sales against its own 10 years 31.06%

10-year low 10-year high

Dividends

Payout Ratio 0.59

Annual Dividend Rate 1.31

Annual Dividend Yield 2.84%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.34	0.34 0.34 0.34
2025	1.24	0.04 0.30 0.30 0.30
2024	1.12	0.28 0.28 0.28 0.28
2023	1.04	0.26 0.26 0.26 0.26
2022	1.00	0.25 0.25 0.25 0.25
2021	0.92	0.23 0.23 0.23 0.23
2020	0.85	0.21 0.21 0.21 0.21
2019	0.79	0.20 0.20 0.20 0.20
2018	0.75	0.19 0.19 0.19 0.19
2017	0.72	0.18 0.18 0.18 0.18
2016	0.69	0.17 0.17 0.17 0.17

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	85	96	97	89
Receivables	140	148	178	212
Inventory	16	21	20	18
Other	37	40	40	57
	296	324	354	407

	2023	2024	2025	Q'26
Payables	179	190	201	296
ST’ Debt	181	277	132	206
Other	—	—	—	—
	430	538	418	581

Compound Annual Growth %

	10y	5y	3y
Sales	5.45%	4.72%	5.72%
Cash Flow	7.64%	20.74%	7.47%
Earnings	11.03%	5.77%	10.12%
Book Value	10.17%	12.93%	8.56%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	215	309	—	—	—
’25	204	265	311	220	1,000
’24	271	244	300	222	1,037
’23	131	194	255	215	795
’22	173	206	266	201	846
’21	148	213	257	173	791
’20	126	175	304	189	794

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	49	64	—	—	—
’25	38	49	167	48	303
’24	27	94	102	68	291
’23	21	17	106	74	218
’22	54	36	110	44	244
’21	30	38	112	53	232
’20	4	16	77	21	118

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(80)	(83)	—	—	—
’25	(72)	(70)	32	(104)	(214)
’24	(83)	(10)	(16)	(70)	(180)
’23	(61)	(79)	9	(38)	(169)
’22	(14)	(47)	32	(63)	(92)
’21	(37)	(34)	42	(33)	(61)
’20	(61)	(52)	(11)	(56)	(181)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.07	0.93	—	—	—
’25	0.22	0.71	1.03	0.19	2.15
’24	1.21	0.70	1.03	0.33	3.25
’23	(0.40)	0.17	0.60	0.52	0.91
’22	0.02	0.36	1.03	0.35	1.77
’21	(0.06)	0.75	1.20	0.07	1.96
’20	(0.42)	0.11	1.94	0.31	1.97

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	22.48	32.45	35.25	44.60	39.74	51.02	48.46	45.44	43.50	41.29	Analyst estimates 2026–2028 Powerpack
	High	36.85	46.15	49.07	57.48	57.36	72.08	71.96	63.92	56.25	51.63
People
People	Employees	1,163	1,176	1,184	1,207	1,192	1,182	1,225	1,266	1,278	1,336
	Revenue/emp, $m	0.52	0.57	0.59	0.59	0.67	0.67	0.69	0.63	0.81	0.75
Income, $m
Income, $m	Revenue	609	676	698	715	794	791	846	795	1,037	1,000
	Gross margin, %	63.90	64.23	63.79	64.27	65.16	64.92	66.30	63.69	70.04	67.78
	EBT	46	74	63	65	97	101	95	51	190	128
	EBT margin, %	7.59	11.02	9.00	9.03	12.19	12.77	11.25	6.47	18.33	12.78
	Net income	49	73	66	63	97	101	95	51	190	128
	Depreciation	66	80	87	92	101	112	118	123	134	147
Per share, $
Per share, $	Revenue	12.71	14.08	14.53	14.83	16.12	15.32	15.58	13.95	17.69	16.79
	Earnings	1.02	1.40	1.36	1.31	1.97	1.96	1.77	0.91	3.26	2.15
	Cash flow	3.35	3.08	3.72	3.50	2.39	4.49	4.49	3.82	4.96	5.08
	Capex	(4.77)	(5.38)	(5.65)	(5.68)	(6.06)	(5.68)	(6.18)	(6.79)	(8.03)	(8.68)
	Free cash flow	(1.42)	(2.31)	(1.93)	(2.18)	(3.67)	(1.19)	(1.69)	(2.96)	(3.07)	(3.60)
	Book value	13.75	14.56	15.19	16.19	18.70	22.70	24.34	25.11	27.95	28.40
	Shares, m	48	48	48	48	49	52	54	57	59	60
Valuation, ×
Valuation, ×	P/E	33.42	29.51	36.83	39.36	27.85	36.66	34.92	58.30	13.86	20.15
	P/S	2.66	3.17	3.28	3.48	3.35	4.69	3.97	3.72	2.56	2.58
	P/B	2.45	3.07	3.14	3.18	2.89	3.17	2.54	2.07	1.62	1.53
	EV/Sales	3.69	4.23	4.47	4.79	4.75	5.98	5.20	5.16	3.80	4.09
	EV/FCF	(33.01)	(25.82)	(33.72)	(32.63)	(20.88)	(77.01)	(47.93)	(24.32)	(21.91)	(19.06)
Cash, $m
Cash, $m	Operating cash flow	160	148	179	169	118	232	244	218	291	303
	Capex	(229)	(259)	(272)	(274)	(299)	(293)	(336)	(387)	(471)	(517)
	Free cash flow	(68)	(111)	(93)	(105)	(181)	(61)	(92)	(169)	(180)	(214)
Balance, $m
Balance, $m	Working capital	(108)	(263)	(132)	(174)	(323)	29	1	(134)	(214)	(64)
	Total debt	655	807	880	984	1,156	1,096	1,126	1,233	1,382	1,604
	Net debt	630	712	833	941	1,112	1,015	1,041	1,148	1,286	1,507
	Shareholders’ equity	659	699	730	780	921	1,172	1,322	1,430	1,638	1,692
Returns, %
Returns, %	ROA	2.09	2.83	2.35	2.12	2.98	2.88	2.43	1.17	3.90	2.36
	ROIC	4.01	4.74	4.42	3.61	4.20	3.62	3.38	1.87	4.81	3.33
	ROE	7.48	10.74	9.18	8.36	11.38	9.66	7.70	3.77	12.44	7.70

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SBS Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp	$23.1B	17.1×	15.6×	+46.43% (above 0%: growing)	+14.45% (above 0%: growing)	−154.90% (below 0%: shrinking)	37.66%	31.04%	Compare
WTRG Essential Utilities Inc.	$11.0B	19.9×	16.9×	+3.10% (above 0%: growing)	−2.63% (below 0%: shrinking)	−1.23% (below 0%: shrinking)	91.30%	36.41%	Compare
AWR American States Water Company	$3.2B	22.5×	21.1×	+11.18% (above 0%: growing)	+26.44% (above 0%: growing)	−126.32% (below 0%: shrinking)	79.44%	35.29%	Compare
CWT California Water Service Group	$2.8B	20.6×	18.7×	+16.47% (above 0%: growing)	+32.39% (above 0%: growing)	−18.32% (below 0%: shrinking)	70.24%	22.97%
HTO H2O America	$2.4B	20.5×	20.4×	+6.16% (above 0%: growing)	−9.86% (below 0%: shrinking)	+14.08% (above 0%: growing)	59.39%	20.31%	Compare
MSEX Middlesex Water Company	$1.0B	20.6×	21.2×	+14.26% (above 0%: growing)	+31.67% (above 0%: growing)	−22.41% (below 0%: shrinking)	100.00%	32.35%	Compare
YORW The York Water Company	$502.6M	19.3×	18.9×	+22.48% (above 0%: growing)	+40.00% (above 0%: growing)	+111.16% (above 0%: growing)	100.00%	41.71%	Compare
CWCO Consolidated Water Co. Ltd.	$485.6M	29.7×	31.8×	−2.15% (below 0%: shrinking)	−21.88% (below 0%: shrinking)	+39.37% (above 0%: growing)	33.35%	11.39%	Compare
ARTNA Artesian Resources Corporation	$346.8M	14.6×	16.7×	+7.41% (above 0%: growing)	+4.92% (above 0%: growing)	+68.43% (above 0%: growing)	100.00%	28.09%	Compare
Median of peers	$1.7B	20.2×	19.7×	+9.30%	+9.68%	+6.43%	85.37%	31.70%

All 13 Utilities Regulated Water stocks →

California Water Service Group (CWT) key facts

California Water Service Group (CWT) is an Utilities Regulated Water company in the Utilities sector, listed on the New York Stock Exchange.
As of October 9, 2026, CWT traded at $45.94, a market capitalization of $2.8 billion.
California Water Service Group pays an annual dividend of $1.31 per share, a yield of 2.84%, with a payout ratio of 58.8%.
Return on equity was 7.70% and debt-to-equity 0.93.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.83 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.