California Water Service Group (CWT) Income Statement Analysis

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Complete financial analysis of California Water Service Group (CWT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of California Water Service Group, a leading company in the Regulated Water industry within the Utilities sector.

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California Water Service Group (CWT)

Industry: Regulated Water

Sector: Utilities

Website: https://www.calwatergroup.com

About California Water Service Group

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It offers its services to approximately 494,500 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,400 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,600 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, it offers wastewater collection and treatment services. The company was founded in 1926 and is headquartered in San Jose, California.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	794.63M	846.43M	790.91M	794.31M	714.56M	698.20M	666.89M	609.37M	588.37M	597.50M	584.10M	559.97M	501.81M	460.40M	449.37M	410.31M	367.08M	334.72M	320.73M	315.57M	277.13M	263.15M	246.82M	244.81M	206.40M	186.30M	195.30M	182.80M	165.10M	157.30M	151.70M	139.80M	127.20M	124.40M	117.50M	113.80M	112.80M	109.50M	104.60M
Cost of Revenue	431.26M	316.98M	307.07M	304.76M	282.18M	277.34M	264.40M	242.99M	229.39M	243.80M	243.43M	221.84M	181.75M	164.11M	216.06M	137.67M	130.72M	116.16M	20.54M	21.80M	21.92M	22.90M	21.13M	15.14M	13.00M	11.10M	12.50M	12.10M	12.70M	12.60M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	363.38M	529.45M	483.84M	489.55M	432.38M	420.86M	402.49M	366.38M	358.98M	353.70M	340.67M	338.13M	320.06M	296.29M	233.31M	272.65M	236.36M	218.55M	300.19M	293.77M	255.21M	240.25M	225.69M	229.67M	193.40M	175.20M	182.80M	170.70M	152.40M	144.70M	151.70M	139.80M	127.20M	124.40M	117.50M	113.80M	112.80M	109.50M	104.60M
Gross Profit Ratio	45.73%	62.55%	61.18%	61.63%	60.51%	60.28%	60.35%	60.13%	61.01%	59.20%	58.32%	60.38%	63.78%	64.36%	51.92%	66.45%	64.39%	65.29%	93.60%	93.09%	92.09%	91.30%	91.44%	93.82%	93.70%	94.04%	93.60%	93.38%	92.31%	91.99%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	142.24M	132.72M	126.69M	117.06M	108.62M	100.78M	102.91M	98.47M	113.11M	97.37M	98.06M	93.93M	85.76M	75.28M	75.24M	59.43M	54.26M	52.79M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	142.24M	132.72M	126.69M	117.06M	108.62M	100.78M	102.91M	98.47M	113.11M	97.37M	98.06M	93.93M	85.76M	75.28M	75.24M	59.43M	54.26M	52.79M	48.66M	47.08M	40.97M	37.65M	36.52M	32.97M	28.00M	24.40M	23.50M	21.70M	20.00M	18.20M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Expenses	144.01M	265.81M	227.58M	224.39M	208.07M	-13.77M	6.51M	4.99M	1.90M	3.08M	3.53M	5.13M	167.14M	102.69M	99.95M	131.24M	120.04M	110.16M	191.72M	188.12M	171.11M	159.74M	154.29M	151.93M	122.60M	110.20M	111.10M	106.50M	97.20M	91.40M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	286.24M	398.53M	354.27M	341.45M	316.69M	291.73M	278.94M	265.39M	263.30M	245.13M	247.62M	244.93M	252.89M	234.48M	175.19M	190.67M	174.30M	162.95M	240.37M	235.20M	212.08M	197.39M	190.81M	184.90M	150.60M	134.60M	134.60M	128.20M	117.20M	109.60M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cost & Expenses	717.50M	715.51M	661.33M	646.21M	598.87M	569.07M	543.34M	508.37M	492.69M	488.93M	491.05M	466.77M	434.65M	398.59M	391.25M	328.34M	305.03M	279.11M	260.91M	257.00M	234.00M	220.29M	211.94M	200.04M	163.60M	145.70M	147.10M	140.30M	129.90M	122.20M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Income	303.00K	177.00K	171.00K	52.00K	92.00K	0.00	0.00	0.00	39.00K	0.00	0.00	0.00	0.00	0.00	106.00K	423.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	49.82M	44.34M	43.21M	41.86M	41.22M	37.85M	33.93M	30.50M	27.27M	26.95M	28.86M	28.14M	29.71M	26.37M	21.31M	17.18M	17.13M	16.97M	17.70M	17.84M	17.52M	16.84M	16.03M	14.65M	0.00	12.40M	0.00	11.90M	11.50M	11.40M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	123.12M	117.36M	111.58M	100.94M	91.29M	85.71M	78.59M	65.20M	61.38M	61.22M	58.32M	54.67M	51.98M	42.83M	39.78M	39.49M	34.24M	30.65M	28.73M	26.11M	23.26M	21.24M	19.23M	18.37M	13.30M	13.80M	12.80M	12.10M	10.60M	10.70M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	217.54M	262.72M	250.83M	244.00M	201.21M	205.39M	211.18M	169.22M	158.66M	171.69M	153.06M	155.28M	142.57M	133.85M	97.90M	94.81M	96.29M	86.26M	83.43M	82.30M	66.39M	64.10M	54.11M	63.14M	56.10M	59.42M	61.00M	54.60M	45.80M	45.80M	151.70M	139.80M	127.20M	124.40M	117.50M	113.80M	112.80M	109.50M	104.60M
EBITDA Ratio	27.38%	30.30%	32.09%	30.75%	28.63%	28.52%	31.29%	27.83%	27.02%	28.93%	26.52%	27.32%	23.69%	22.25%	20.95%	29.81%	25.11%	25.10%	26.01%	26.08%	21.54%	22.23%	19.55%	25.21%	27.18%	29.20%	31.23%	29.87%	27.74%	29.12%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Income	77.14M	127.66M	126.17M	136.67M	99.41M	110.54M	94.62M	76.19M	71.15M	81.85M	74.01M	73.84M	67.17M	61.81M	58.12M	81.98M	62.06M	55.60M	59.82M	58.57M	43.13M	42.87M	34.88M	44.77M	42.80M	40.60M	48.20M	42.50M	35.20M	35.10M	151.70M	139.80M	127.20M	124.40M	117.50M	113.80M	112.80M	109.50M	104.60M
Operating Income Ratio	9.71%	15.08%	15.95%	17.21%	13.91%	15.83%	14.19%	12.50%	12.09%	13.70%	12.67%	13.19%	13.38%	13.43%	12.93%	19.98%	16.91%	16.61%	18.65%	18.56%	15.56%	16.29%	14.13%	18.29%	20.74%	21.79%	24.68%	23.25%	21.32%	22.31%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Total Other Income/Expenses	-32.54M	-26.02M	-21.70M	-27.82M	-18.63M	-29.08M	2.68M	-7.15M	-847.00K	2.86M	-6.28M	-3.56M	-6.29M	-24.16M	-17.57M	-18.04M	-13.01M	-14.73M	-12.59M	-15.46M	-10.82M	-11.22M	-10.19M	-13.23M	-7.31M	-9.32M	-11.00M	-11.20M	-10.60M	-11.10M	-151.70M	-139.80M	-127.20M	-124.40M	-117.50M	-113.80M	-112.80M	-109.50M	-104.60M
Income Before Tax	44.60M	101.64M	105.07M	108.85M	80.79M	81.46M	100.54M	75.49M	70.31M	84.71M	67.72M	70.28M	37.71M	37.66M	40.55M	63.94M	49.05M	40.88M	47.23M	43.11M	32.32M	31.64M	24.69M	31.53M	32.10M	29.00M	37.30M	31.30M	24.60M	24.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Before Tax Ratio	5.61%	12.01%	13.28%	13.70%	11.31%	11.67%	15.08%	12.39%	11.95%	14.18%	11.59%	12.55%	7.52%	8.18%	9.02%	15.58%	13.36%	12.21%	14.73%	13.66%	11.66%	12.02%	10.00%	12.88%	15.55%	15.57%	19.10%	17.12%	14.90%	15.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Income Tax Expense	-6.78M	6.38M	4.09M	12.02M	17.67M	15.87M	33.36M	26.82M	25.29M	27.97M	20.47M	21.45M	29.46M	24.16M	17.57M	24.13M	17.89M	15.30M	20.01M	17.08M	12.90M	12.57M	9.73M	11.57M	12.20M	10.60M	14.00M	12.20M	9.90M	9.60M	-15.50M	-12.50M	-13.90M	-14.40M	-13.80M	-14.10M	-15.00M	-13.70M	-12.50M
Net Income	51.91M	96.01M	101.13M	96.83M	63.12M	65.58M	67.18M	48.68M	45.02M	56.74M	47.25M	48.83M	37.71M	37.66M	40.55M	39.81M	31.16M	25.58M	27.22M	26.03M	19.42M	19.07M	14.97M	19.96M	19.90M	18.40M	23.30M	19.10M	14.70M	14.40M	15.50M	12.50M	13.90M	14.40M	13.80M	14.10M	15.00M	13.70M	12.50M
Net Income Ratio	6.53%	11.34%	12.79%	12.19%	8.83%	9.39%	10.07%	7.99%	7.65%	9.50%	8.09%	8.72%	7.52%	8.18%	9.02%	9.70%	8.49%	7.64%	8.49%	8.25%	7.01%	7.25%	6.06%	8.15%	9.64%	9.88%	11.93%	10.45%	8.90%	9.15%	10.22%	8.94%	10.93%	11.58%	11.74%	12.39%	13.30%	12.51%	11.95%
EPS	0.91	1.77	1.96	1.97	1.31	1.36	1.52	1.02	0.94	1.19	1.02	1.17	0.90	0.90	0.98	0.95	0.75	0.67	0.74	0.70	0.57	0.63	0.49	0.66	0.73	0.78	0.92	0.75	0.58	0.61	0.68	0.55	0.61	0.63	0.60	0.61	0.66	0.61	0.56
EPS Diluted	0.91	1.77	1.96	1.97	1.31	1.36	1.52	1.01	0.94	1.19	1.02	1.17	0.90	0.90	0.98	0.95	0.75	0.67	0.74	0.70	0.57	0.63	0.49	0.66	0.72	0.66	0.92	0.75	0.58	0.61	0.68	0.55	0.61	0.63	0.60	0.61	0.66	0.61	0.56
Weighted Avg Shares Out	56.95M	54.32M	51.63M	49.27M	48.17M	48.06M	48.01M	47.95M	47.87M	47.79M	46.38M	41.89M	41.76M	41.61M	41.49M	41.42M	41.33M	37.81M	36.76M	34.84M	31.06M	30.36M	30.36M	30.25M	30.18M	25.36M	25.57M	25.20M	25.00M	23.28M	22.67M	22.57M	22.64M	22.72M	22.83M	22.79M	22.12M	21.98M	22.52M
Weighted Avg Shares Out (Dil)	56.98M	54.36M	51.63M	49.27M	48.17M	48.06M	48.01M	47.96M	47.88M	47.83M	46.42M	41.89M	41.77M	41.64M	41.53M	41.47M	41.38M	37.85M	36.80M	35.44M	31.84M	30.37M	30.37M	30.26M	30.28M	30.02M	25.57M	25.20M	25.00M	23.28M	22.67M	22.57M	22.64M	22.72M	22.83M	22.79M	22.12M	21.98M	22.52M

Hawaii Water Service Operations Manager Recognized Nationally for Response During Lahaina Fire

September 10, 2024globenewswire.com

SAN JOSE, Calif., Sept. 10, 2024 (GLOBE NEWSWIRE) -- (NYSE: CWT)—For his leadership to keep water flowing to his local communities during the devastating Lahaina wildfire last year, the National Association of Water Companies (NAWC) honored John (Kani) Kadowaki with...

Newsweek names California Water Service Group One of “World's Most Trustworthy Companies”

September 4, 2024globenewswire.com

SAN JOSE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) has earned a spot on Newsweek's list of the “World's Most Trustworthy Companies” for the second year in a row, the magazine announced today.

California Water Service Opens 2024 Firefighter Grant Program

September 3, 2024globenewswire.com

SAN JOSE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) opened its sixth annual Firefighter Grant Program today to fire departments in its districts, as part of its ongoing commitment to—and partnership with—local first responders.

California Water Service Group Named Great Place to Work® for Ninth Consecutive Year

August 29, 2024globenewswire.com

SAN JOSE, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- For the ninth consecutive year, the Great Place to Work® Institute has named California Water Service Group (Group) (NYSE: CWT) a Great Place to Work.

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California Water Service Group Named Bay Area Top Workplace for 12th Year

August 26, 2024globenewswire.com

SAN JOSE, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- In recognition of the company's commitment to its employees, the San Francisco Chronicle has named California Water Service Group (Group) (NYSE: CWT) a Top Workplace in the Bay Area for the...

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California Water Service offers steady dividend growth, and the company is moderately discounted. CWT is a company with average financial results compared to its competitors. The company faces additional costs due to PFAS regulations, estimating a need for significant capital...