California Water Service Group (CWT) vs Global Water Resources, Inc. (GWRS)

California Water Service Group and Global Water Resources, Inc. are both Utilities Regulated Water companies. California Water Service Group is the larger, with a market value of $2.8B against $228.6M — 12.4× the size. California Water Service Group trades at the lower P/E: 20.7× against 73.6×. Global Water Resources, Inc. grew revenue faster over the last twelve months: 10.8% against 6.43%. California Water Service Group has the higher net margin (12.6% vs 5.22%) and the higher return on invested capital (3.41% vs 2.28%). Both pay a dividend; Global Water Resources, Inc. yields more (2.31% vs 2.22%). Across the 22 metrics below, California Water Service Group leads on 17 and Global Water Resources, Inc. on 5.

Valuation

Metric CWT GWRS Utilities Regulated Water median
P/E 20.70 73.64 20.64
P/S 2.64 3.88 4.37
P/B 1.54 2.75 1.91
Price to free cash flow n/m n/m —
EV/EBITDA 13.28 14.61 14.48
EV/Sales 4.15 6.20 6.20
Earnings yield 4.83% 1.36% 4.83%
Free cash flow yield (8.46%) (10.44%) (4.54%)

Profitability

Metric CWT GWRS Utilities Regulated Water median
Gross margin 68.05% 71.91% 71.91%
Operating margin 17.57% 13.60% 29.22%
Net margin 12.63% 5.22% 20.19%
Free cash flow margin (22.36%) (40.50%) (19.49%)
Return on equity 7.68% 3.88% 9.00%
Return on assets 2.35% 0.67% 3.21%
Return on invested capital 3.41% 2.28% 4.08%

Growth

Metric CWT GWRS Utilities Regulated Water median
Revenue growth (TTM) 6.43% 10.77% 6.92%
EPS growth (last fiscal year) (33.85%) (54.17%) —
Revenue growth, 5-year CAGR 4.72% 7.62% 7.24%
Net income growth, 5-year CAGR 5.77% 21.76% 9.40%

Health

Metric CWT GWRS Utilities Regulated Water median
Debt to equity 0.93 1.66 0.93
Current ratio 0.70 0.68 1.01
Net debt to EBITDA 4.75 5.92 4.42

Dividend

Metric CWT GWRS Utilities Regulated Water median
Dividend yield 2.22% 2.31% 2.27%
Payout ratio 0.88 1.06 0.55

Size

Metric CWT GWRS Utilities Regulated Water median
Market cap 2.84b 228.64m 997.03m

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