American States Water Company (AWR) Financial Statements & Analysis

American States Water Company (AWR) Income Statement

American States Water Company reported revenue of $658.07M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 10.5% from $595.46M a year earlier. Net income was $130.44M, up 9.4% year over year, a net margin of 19.8%. Gross margin was 51.6% and operating margin 30.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $181.29M, up 11.2% from the same quarter a year earlier.

American States Water Company Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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American States Water Company income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	658.07	595.46	595.70	491.53	498.85	488.24	473.87	436.82	440.60
Cost of Revenue	168.55	143.44	146.15	123.30	121.03	119.40	120.15	108.94	103.42
Gross Profit	339.67	452.02	321.00	243.94	377.82	368.84	353.72	327.88	337.19
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	102.81	100.94	88.27	86.19	83.55	83.62	83.03	82.60	81.66
Operating Expenses	286.25	267.54	252.91	241.59	237.31	238.34	226.65	226.98	218.43
Operating Income	203.28	184.48	196.74	126.64	140.51	130.50	127.07	100.98	127.08
Other Income/Expense
Interest Income	5.65	7.87	7.42	2.33	1.49	1.80	3.25	3.58	1.79
Interest Expense	46.78	50.38	42.76	27.03	22.83	22.53	24.59	23.43	22.58
Other Income/Expense	-33.48	-35.04	-30.22	-24.58	5.60	-15.88	-18.06	-19.10	-18.75
Income
Income Before Tax	169.80	149.44	166.52	102.06	124.77	114.62	109.01	81.89	108.34
Income Tax Expense	39.36	30.17	41.60	23.66	30.42	28.20	24.67	18.02	38.97
Net Income	130.44	119.27	124.92	78.40	94.35	86.43	84.34	63.87	69.37
Net Income - Continuous Operations	130.44	119.27	124.92	78.40	94.35	86.43	84.34	63.87	69.37
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	255.39	244.05	241.42	175.85	187.58	174.36	169.31	144.80	159.38
EBIT	206.52	199.82	198.17	134.15	147.60	-	-	-	-
Depreciation & Amortization	48.87	44.23	43.25	41.70	39.60	37.20	35.71	40.66	39.27
Earnings Per Share
Basic EPS	3.00	3.00	3.00	2.00	3.00	2.00	2.00	2.00	2.00
Diluted EPS	3.00	3.00	3.00	2.00	3.00	2.00	2.00	2.00	2.00
Basic Shares Outstanding	38.55	37.46	36.98	36.96	36.92	36.88	36.81	36.73	36.64
Diluted Shares Outstanding	38.67	37.58	37.08	37.04	37.01	37.00	36.96	36.94	36.84

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About American States Water Company Financial Statements

What was American States Water Company's revenue in fiscal 2025?

American States Water Company reported revenue of $658.07M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 10.5% from $595.46M a year earlier.

Is American States Water Company profitable?

Yes. American States Water Company earned net income of $130.44M in fiscal 2025, a net margin of 19.8%. In fiscal 2024 it earned $119.27M.

What is American States Water Company's operating margin?

American States Water Company's operating income was $203.28M on revenue of $658.07M in fiscal 2025, an operating margin of 30.9%, compared with 31.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition