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American States Water AWR Q4 2025 Annual earnings

Reported February 18, 2026 · After market close

Revenue$164.3MBeat by $29.3M
EPS$0.74Miss by $0.01
Revenue estimate$135.0M
EPS estimate$0.75

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$171.7M
EPS estimate$0.93

Financials

Q4 2025

Income statement

See full
Revenue$164.3M+14.8%
Gross profit$149.4M+10.5%
Operating income$45.0M+16.4%
Net income$28.7M+1.1%
EPS (diluted)$0.74-1.3%

Balance sheet

See full
Cash & equivalents$18.8M-29.4%
Total debt$789.2M+21.6%
Total equity$1.0B+13.6%
Total assets$2.7B+8.6%

Cash flow

See full
Operating cash flow$27.7M-57.0%
CapEx$63.7M+8.9%
Free cash flow-$36.0M—

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$2.81B-4.5%
Enterprise value$3.58B+0.5%
P/E21.5×-3.1×
P/S4.3×-0.7×

Profitability

See full
Gross margin90.8%0.0pp
Operating margin30.9%-0.1pp
Net margin19.8%-0.2pp

Returns & leverage

See full
Return on equity13.3%-0.8pp
Debt / equity0.8×0.0×
Current ratio1.3×+0.5×

Segments

By product

See full
Tariff-based revenues$122.1M-2.7%
Water$22.3M+47.4%
Wastewater$15.9M+17.2%
CPUC-approved surcharges (cost-recovery activities)$2.4M+329%
Other$687.0K-2.1%

By segment

See full
Water:$110.0M+18.7%
Contracted services:$38.2M+33.1%
Electric:$16.0M-24.3%

Versus estimates

Revenue

Q1 2026$169.2MBeat by $12.2M
Q4 2025$164.3MBeat by $29.3M
Q3 2025$182.7MBeat by $13.9MQ2 2025$163.1MMiss by $7.6MQ1 2025$148.0MBeat by $2.2MQ4 2024$143.1MMiss by $17.1M

Diluted EPS

Q1 2026$0.76Miss by $0.01
Q4 2025$0.74Miss by $0.01
Q3 2025$1.06Beat by $0.05Q2 2025$0.87Miss by $0.05Q1 2025$0.70In lineQ4 2024$0.69Beat by $0.05

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Questions, answered.

When did American States Water report Q4 2025 earnings?
American States Water (AWR) reported Q4 2025 earnings on February 18, 2026 after market close.
What were American States Water's Q4 2025 revenue and EPS?
American States Water reported revenue of $164.3M and eps of $0.74 for Q4 2025.
Did American States Water beat estimates in Q4 2025?
Revenue beat the consensus estimate of $135.0M by $29.3M. EPS missed the consensus estimate of $0.75 by $0.01.
How did American States Water's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.8% from $143.1M a year earlier and eps grew 7.2% from $0.69.
Where can I find American States Water's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-009130) and the 10-K periodic report (0001628280-26-009114) directly on SEC EDGAR. The filing index links above go to sec.gov.