California Water Service Group
NYSE•CWT
CEO: Mr. Martin A. Kropelnicki
Sector: Utilities
Industry: Regulated Water
Listing Date: 1990-03-26
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 services. It offers its services to approximately 497,700 customer connections in 100 California communities; approximately 6,500 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 38,000 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 11,400 water and wastewater customer connections in Rio Communities, Rio Del Oro, Meadow Lake, Indian Hills, Squaw Valley, Elephant Butte, Morningstar, Sandia Knolls, Juan Tomas, and Cypress Gardens systems. 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; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
Contact Information
Market Cap
$2.63B
P/E (TTM)
22.1
20.5
Dividend Yield
2.9%
52W High
$50.44
52W Low
$41.29
52W Range
Rank37Top 34.1%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$214.57M+0.00%
4-Quarter Trend
EPS
$0.07+0.00%
4-Quarter Trend
FCF
-$80.07M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Dividend Growth Continues Marked 59th consecutive annual dividend increase; indicated 2026 annual dividend is $1.34 per share, up from $1.24.
Strong Operating Cash Flow Cash flow from operations increased to $302.6M in 2025, driven by higher customer rate collections and regulatory recovery.
Utility Plant Expansion Total utility plant value reached $5.91B in 2025; capital expenditures used $517.0M for expansion and infrastructure replacement.
Risk Factors
Net Income Significantly Decreased Net income attributable fell 33.8% in 2025 to $128.2M, primarily due to lower customer usage and rate case delays.
Regulatory Rate Case Uncertainty 2024 CA GRC decision timing is uncertain, potentially delaying revenue recovery expected to begin January 1, 2026.
PFAS Compliance Capital Costs Estimated capital investment of $269.1M required for PFAS treatment compliance across regulated districts by 2029/2031.
Rising Water Production Costs Total water production costs rose 3.7% to $322.2M in 2025, largely due to a 4.9% increase in purchased water expenses.
Outlook
Nexus Acquisition Agreement Agreement signed to purchase Nexus Water Group systems for approximately $218.0M; closing expected by end of 2026, subject to approvals.
Future Capital Expenditure Increase Expect annual capital expenditures to increase over the next five years driven by ongoing needs to replace and maintain infrastructure.
Growth Strategy Exploration Intends to explore expansion opportunities in regulated and non-regulated water/wastewater activities across the western US.
Peer Comparison
Revenue (TTM)
$1.92B
$1.51B
$1.50B
Gross Margin (Latest Quarter)
63.9%
52.8%
52.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| KEN | $4.47B | 66.4 | 4.4% | 33.1% |
| EE | $4.17B | 28.8 | 5.9% | 34.2% |
| OTTR | $3.67B | 13.1 | 15.2% | 29.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-6.8%
Growth Under Pressure
4Q Net Income CAGR
-54.3%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Jul 23, 2026
EPS:$0.76
|Revenue:$273.53M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data