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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

Nov 4, 2026 (in 2 months)
Revenue estimate$195.1M
EPS estimate$1.09

Financials

Q4 2025

Income statement

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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

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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

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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

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

Returns & leverage

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

Segments

By product

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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

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

FAQ

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.