What is American States Water's net margin?

American States Water (AWR) reported net margin of 19.7% in Q1 2026.

How has American States Water's net margin changed year-over-year?

American States Water's net margin decreased by 2.8% year-over-year, from 20.2% to 19.7%.

What is the long-term trend for American States Water's net margin?

Over 5 years (2020 to 2025), American States Water's net margin has grown at a 2.3% compound annual growth rate (CAGR), from 17.7% to 19.8%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

American States Water AWR Net margin

Net margin at other companies

California Water Service GroupCWT

12.2%-2.2pp

AWK

American Water WorksAWK

21.2%-1.1pp

Essential UtilitiesWTRG

21.8%-5.3pp

Badger MeterBMI

14.6%-1.2pp

Select Water SolutionsWTTR

1.6%-1.0pp

Sempra EnergySRE

17.1%-9.6pp

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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Gross margin90.8%0.0pp

Operating margin30.8%-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.

net income/total revenue=19.7%

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 net margin?: American States Water (AWR) reported net margin of 19.7% in Q1 2026.
How has American States Water's net margin changed year-over-year?: American States Water's net margin decreased by 2.8% year-over-year, from 20.2% to 19.7%.
What is the long-term trend for American States Water's net margin?: Over 5 years (2020 to 2025), American States Water's net margin has grown at a 2.3% compound annual growth rate (CAGR), from 17.7% to 19.8%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.