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Net debt / EBITDA at other companies

California Water Service Group logo
California Water Service GroupCWT
+0.8×
AWK
American Water WorksAWK
-0.5×
Essential Utilities logo
Essential UtilitiesWTRG
6.3×+0.1×
Middlesex Water Company logo
Middlesex Water CompanyMSEX
4.3×-4.1×
Pure Cycle logo
Pure CyclePCYO
0.4×+0.2×
Artesian Resources logo
Artesian ResourcesARTNA
4.2×0.0×

Other financials

Income statement

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Revenue$181.3M+11.2%
Gross profit$149.4M+10.5%
Operating income$64.0M+25.5%
Net income$43.3M+28.4%
EPS (diluted)$1.09+25.3%

Balance sheet

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Cash & equivalents$21.7M+7.0%
Total debt$725.3M-9.0%
Total equity$1.1B+15.3%
Total assets$2.8B+6.3%

Cash flow

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Operating cash flow$44.9M-30.4%
CapEx$48.5M-4.7%
Free cash flow$22.6M+200%

Valuation

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Market cap$3.4B+18.6%
Enterprise value$4.1B+12.6%
P/E23.7×+0.8×
P/S4.9×+0.2×

Profitability

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Gross margin90.8%0.0pp
Operating margin31.8%+1.0pp
Net margin20.5%+0.3pp
FCF margin-13.9%-1.6pp

Returns & leverage

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Return on equity13.7%-0.2pp
Debt / equity0.6×-0.2×
Current ratio-0.6×

Where this comes from

Calculated from American States Water’s reported figures.

Based on the most recent quarter.

The source filing: American States Water’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:26 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053401

FAQ

What is American States Water's net debt / EBITDA?
American States Water (AWR) reported net debt / EBITDA of 2.6× in Q2 2026.
How has American States Water's net debt / EBITDA changed year-over-year?
American States Water's net debt / EBITDA decreased by 21.5% year-over-year, from 3.3× to 2.6×.
What is the long-term trend for American States Water's net debt / EBITDA?
Over 5 years (2020 to 2025), American States Water's net debt / EBITDA has grown at a 4.3% compound annual growth rate (CAGR), from 2.5× to 3.1×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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