American States Water (AWR) financials
American States Water revenue and earnings by year
American States Water's revenue was $658 million in the fiscal year to December 31, 2025, up 10.5% from the year before. Net income was $130 million, 19.8% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 4.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 658 | 595 | 596 | 492 | 499 | 488 | 474 | 437 | 441 | 436 |
| Revenue growth | 10.5% | -0.0% | 21.2% | -1.5% | 2.2% | 3.0% | 8.5% | -0.9% | 1.0% | — |
| Gross profit | 414 | 384 | 385 | 307 | 321 | 313 | 301 | 278 | 289 | 288 |
| Gross margin | 63.0% | 64.4% | 64.7% | 62.5% | 64.3% | 64.2% | 63.5% | 63.6% | 65.7% | 66.1% |
| Operating income | 203 | 184 | 197 | 127 | 141 | 130 | 127 | 101 | 127 | 114 |
| Operating margin | 30.9% | 31.0% | 33.0% | 25.8% | 28.3% | 26.7% | 26.8% | 23.1% | 28.8% | 26.2% |
| Net income | 130 | 119 | 125 | 78 | 94 | 86 | 84 | 64 | 69 | 60 |
| Net margin | 19.8% | 20.0% | 21.0% | 15.9% | 18.9% | 17.7% | 17.8% | 14.6% | 15.7% | 13.7% |
| Diluted EPS | $3.37 | $3.17 | $3.36 | $2.11 | $2.55 | $2.33 | $2.28 | $1.72 | $1.88 | $1.62 |
| Free cash flow | -7 | -33 | -121 | -48 | -29 | -8 | -35 | 10 | 66 | -33 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AWR in Markets.
See also: AWR valuation and P/E history · AWR returns
No forecast, no recommendation. This page describes American States Water from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.