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American States Water Company, through its subsidiaries, engages in the provision of water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity. It provides water service to approximately 265,100 customers; and distributes electricity to approximately 24,900 customers in several San Bernardino County Mountain communities in California. The company also offers water and/or wastewater services at various military installations. American States Water Company was founded in 1929 and is headquartered in San Dimas, California.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $658M | $265M | $130M | $-7M | 12.5% | 10.5% | 9.4% |
| 2024 | $595M | $244M | $119M | $-33M | 13.0% | -0.0% | -4.5% |
| 2023 | $596M | $253M | $125M | $-121M | 16.1% | 21.2% | 59.3% |
| 2022 | $492M | $171M | $78M | $-48M | 11.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 658.07 |
| Operating Revenue | 658.07 |
| Cost Of Revenue | 168.55 |
| Gross Profit | 489.52 |
| Operating Expense | 286.25 |
| Selling General And Administration | 102.81 |
| Total Expenses | 454.80 |
| Operating Income | 203.28 |
| Total Operating Income As Reported | 203.28 |
| EBITDA | 265.45 |
| Normalized EBITDA | 265.45 |
| EBIT | 216.57 |
| Interest Income | 5.65 |
| Interest Expense | 46.78 |
| Net Interest Income | -41.13 |
| Other Non Operating Income Expenses | 7.65 |
| Other Income Expense | 7.65 |
| Interest Income Non Operating | 5.65 |
| Interest Expense Non Operating | 46.78 |
| Net Non Operating Interest Income Expense | -41.13 |
| Pretax Income | 169.80 |
| Tax Provision | 39.36 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0 |
| Net Income Continuous Operations | 130.44 |
| Net Income From Continuing And Discontinued Operation | 130.44 |
| Net Income From Continuing Operation Net Minority Interest | 130.44 |
| Net Income | 130.44 |
| Net Income Common Stockholders | 129.99 |
| Net Income Including Noncontrolling Interests | 130.44 |
| Normalized Income | 130.44 |
| Diluted NI Availto Com Stockholders | 130.18 |
| Basic Average Shares | 38.55 |
| Diluted Average Shares | 38.67 |
| Reconciled Depreciation | 48.87 |
| Reconciled Cost Of Revenue | 167.46 |
| Total Unusual Items | 0 |
| Total Unusual Items Excluding Goodwill | 0 |
| Special Income Charges | 0 |
| Depreciation Amortization Depletion Income Statement | 47.78 |
| Depreciation And Amortization In Income Statement | 47.78 |
| General And Administrative Expense | 102.81 |
| Other Gand A | 102.81 |
| Gain On Sale Of Ppe | 0 |
| Other Operating Expenses | 107.65 |
| Otherunder Preferred Stock Dividend | 0.46 |
| Average Dilution Earnings | 0.19 |
| Other Taxes | 28.01 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| American States Water Companythis co. | AWR | $3.0B | 23.22↑ premium | 2.89 | 12.4% | 14.84 |
| MDU Resources Group, Inc. | MDU | $4.4B | 23.22 | 1.59 | 6.9% | 13.45 |
| Avista Corporation | AVA | $3.4B | 17.82 | 1.27 | 7.1% | 10.25 |
| Chesapeake Utilities Corporation | CPK | $2.9B | 20.75 | 1.82 | 8.8% | 12.16 |
| MGE Energy, Inc. | MGEE |
| - |
| - |
| - |
| - |
| - |
| - |
| $2.8B |
| 20.52 |
| 2.14 |
| 10.4% |
| 12.11 |
| California Water Service Group | CWT | $2.7B | 21.12 | 1.60 | 7.6% | 11.83 |
| H2O America | HTO | $2.4B | 23.07 | 1.54 | 6.7% | 14.03 |
| Hawaiian Electric Industries, Inc. | HE | $2.3B | 18.37 | 1.44 | 7.9% | 8.28 |
| Northwest Natural Holding Company | NWN | $2.1B | 18.16 | 1.39 | 7.7% | 10.07 |
| Peer Median | - | 20.63 | 1.56 | 7.6% | 11.97 | |