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Gross margin at other companies

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Badger MeterBMI
41.4%+0.6pp
Select Water Solutions logo
Select Water SolutionsWTTR
15.1%-0.1pp
Centuri Holdings logo
Centuri HoldingsCTRI
8.3%-0.3pp
HWK
HawkinsHWKN
22.6%-0.5pp
AES logo
AESAES
19.3%+1.7pp
Primo Brands logo
Primo BrandsPRMB
29.4%-2.5pp

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$3.1B-1.6%
Enterprise value$3.87B+1.2%
P/E23.2×-2.4×
P/S4.6×-0.6×

Profitability

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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

Calculated from American States Water’s reported figures.

Based on trailing twelve months.

The official record: American States Water’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American States Water's gross margin?
American States Water (AWR) reported gross margin of 90.8% in Q4 2025.
How has American States Water's gross margin changed year-over-year?
American States Water's gross margin decreased by 0.1% year-over-year, from 90.8% to 90.8%.
What is the long-term trend for American States Water's gross margin?
Over 5 years (2020 to 2025), American States Water's gross margin has grown at a 0.8% compound annual growth rate (CAGR), from 87.2% to 90.8%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.