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American States Water AWR Franchisor — ASUS construction

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Other financials

Income statement

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Revenue$169.2M+14.3%
Gross profit$149.4M+10.5%
Operating income$51.4M+12.8%
Net income$29.9M+11.6%
EPS (diluted)$0.76+8.6%

Balance sheet

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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

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Operating cash flow$71.6M+59.0%
CapEx$49.1M-27.4%
Free cash flow$22.6M+200%

Valuation

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Market cap$3.13B-1.6%

Profitability

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Gross margin90.8%0.0pp
Operating margin30.8%-0.6pp
Net margin19.7%-0.6pp
FCF margin-13.9%-1.6pp

Returns & leverage

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Return on equity13.2%-0.8pp
Debt / equity0.7×0.0×
Current ratio1.2×+0.4×

Where this comes from

Reported directly by American States Water in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: American States Water’s 10-K, filed February 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American States Water's franchisor — ASUS construction?
American States Water (AWR) reported franchisor — ASUS construction of $1.48M in Q4 2025.
How has American States Water's franchisor — ASUS construction changed year-over-year?
American States Water's franchisor — ASUS construction increased by 28.3% year-over-year, from $1.15M to $1.48M.
What is the long-term trend for American States Water's franchisor — ASUS construction?
Over 4 years (2021 to 2025), American States Water's franchisor — ASUS construction has grown at a 8.9% compound annual growth rate (CAGR), from $4.2M to $5.9M.
What does franchisor — ASUS construction mean?
This metric represents the capital expenditure or revenue generated from construction and infrastructure improvement projects managed by the utility services segment. It reflects the scale of investment in long-term utility assets under government or military contracts. Tracking this activity provides insight into the growth and operational scope of the company's non-regulated utility services business.