What is American States Water's market cap?

American States Water (AWR) has a market capitalization of $3.4B and trades on NYSE.

What is American States Water's revenue and profitability?

American States Water generated $679.3M in trailing twelve-month revenue with net income of $133.5M, representing a net margin of 19.7%. Gross margin stands at 90.8%, with free cash flow of $1.8M. These figures are based on the Q1 2026 filing.

Who are American States Water's competitors?

American States Water's key competitors include California Water Service Group, American Water Works Company, Essential Utilities, Inc., and others. These companies compete in similar markets and product categories.

Who does American States Water partner with?

American States Water's notable partners include California Public Utilities Commission, Public Advocates Office.

What subsidiaries does American States Water have?

American States Water's subsidiaries include Golden State Water Company, Bear Valley Electric Service, American States Utility Services.

Where is American States Water headquartered?

American States Water is headquartered in United States of America and employs approximately 815 people. It has been publicly traded since 1972.

American States Water

AWR

American States Water Company is a diversified utility holding company that provides essential water and electric services to residential and commercial customers.

Market cap

$3.37B+19.2%

Revenue$679.3M+11.7%

Net income$133.5M+8.6%

Free cash flow$1.8M+102%

EPS (diluted)$3.43+5.5%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 6, 2026

Revenue$169.2MBeat by $12.2M EPS$0.76Miss by $0.01

Read the full report

Next report

Aug 5, 2026 (In 1 week)

Revenue estimate$171.7M

EPS estimate$0.93

Financials

Q1 2026

Income statement

See full

Revenue$169.2M+14.3%

Operating income$51.4M+12.8%

Net income$29.9M+11.6%

EPS (diluted)$0.76+8.6%

Balance sheet

See full

Cash & equivalents$22.2M+4.4%

Total debt$790.3M+13.2%

Total equity$1.1B+11.2%

Total assets$2.7B+7.4%

Cash flow

See full

Operating cash flow$71.6M+59.0%

CapEx$49.1M-27.4%

Free cash flow$22.6M+200%

Valuation & ratios

Valuation

See full

Market cap$3.37B+19.2%

Enterprise value$4.14B+16.5%

P/E25.3×+3.0×

P/S5×+0.5×

Profitability

See full

Operating margin30.8%-0.6pp

Net margin19.7%-0.6pp

Returns & leverage

See full

Return on equity13.2%-0.8pp

Debt / equity0.7×0.0×

Current ratio1.2×+0.4×

Segments

By product

See full

Tariff-based revenues$128.9M+13.0%

Water$23.2M+39.5%

Wastewater$14.2M-1.0%

CPUC-approved surcharges (cost-recovery activities)$2.1M+144%

Other$618.0K+1.1%

By segment

See full

Water:$113.1M+10.9%

Contracted services:$37.4M+20.7%

Electric:$19.4M+29.3%

Competitors

By market cap

AWK

American Water Works$26.3B-2.9%

Essential Utilities$11.2B+8.9%

AWR

American States Water$3.4B+21.4%

California Water Service Group$3.0B+15.1%

Select Water Solutions$2.3B+130%

Middlesex Water Company$1.0B+13.3%

Artesian Resources$355.4M+6.5%

Pure Cycle$259.8M+6.4%

By revenue growth

Pure Cycle+22.9%

Essential Utilities+13.1%

AWR

American States Water+11.7%

AWK

American Water Works+8.1%

Artesian Resources+5.1%

California Water Service Group+4.8%

Middlesex Water Company+1.8%

Select Water Solutions-4.2%

By net margin

Pure Cycle43.66%-5.9pp

Middlesex Water Company22.08%0.0pp

Essential Utilities21.82%-5.3pp

AWK

American Water Works21.17%-1.1pp

Artesian Resources20.31%+0.7pp

AWR

American States Water19.66%-0.6pp

California Water Service Group12.16%-2.2pp

Select Water Solutions1.57%-1.0pp

Profile

American States Water Company is a diversified utility holding company that provides essential water and electric services to residential and commercial customers. The company operates through regulated utilities in California and a contracted services division that manages water and wastewater systems for the U.S. military. Its core value proposition lies in maintaining critical infrastructure and securing long-term, rate-regulated or fixed-price contracts to ensure stable cash flows.

Competitive position

A leading regulated water utility in California with a unique, long-term competitive moat in military utility privatization through 50-year federal contracts.

GeographiesUnited States, California

Customer segmentsB2C, B2B, B2G

Business modelRegulated Utility, Fixed-price Government Contracting, Infrastructure-as-a-Service

SuppliersWater Supply Wholesalers, Electric Power Generators, Construction Material Suppliers, Capital Markets

CustomersResidential Homeowners, Commercial Property Owners, U.S. Military Installations

CountryUnited States of America

Listed1972

Employees815.0

CEORobert J. Sprowls

SectorUtilities

IndustryRegulated Water

Websiteaswater.com

FilingsSEC EDGAR

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Questions, answered.

What is American States Water's market cap?: American States Water (AWR) has a market capitalization of $3.4B and trades on NYSE.
What is American States Water's revenue and profitability?: American States Water generated $679.3M in trailing twelve-month revenue with net income of $133.5M, representing a net margin of 19.7%. Gross margin stands at 90.8%, with free cash flow of $1.8M. These figures are based on the Q1 2026 filing.
Who are American States Water's competitors?: American States Water's key competitors include California Water Service Group, American Water Works Company, Essential Utilities, Inc., and others. These companies compete in similar markets and product categories.
Who does American States Water partner with?: American States Water's notable partners include California Public Utilities Commission, Public Advocates Office.
What subsidiaries does American States Water have?: American States Water's subsidiaries include Golden State Water Company, Bear Valley Electric Service, American States Utility Services.
Where is American States Water headquartered?: American States Water is headquartered in United States of America and employs approximately 815 people. It has been publicly traded since 1972.