American States Water (AWR) Gross Margin (2010 - 2026)
American States Water (AWR) posted quarterly Gross Margin of 91.44% for Q4 2025, up 1213.0% year-over-year from 6.96% in Q4 2024, and little changed quarter-over-quarter from 91.1% in Q3 2025.
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American States Water (AWR) Gross Margin (2010 - 2026) Analysis & Trends
American States Water (AWR) has reported Gross Margin for 16 consecutive years, with 91.44% the latest figure, recorded in Q4 2025.
- In Q4 2025, Gross Margin rose 1213.0% year-over-year to 91.44%; the TTM figure through Dec 2025 stood at 91.36% (down 411.0% YoY), while the FY2025 annual figure was 90.79%, down 343.0% from the prior year.
- Gross Margin steadied at 91.44% in Q4 2025 per AWR's latest filing, from 91.1% in the prior quarter.
- Across five years, Gross Margin topped out at 107.52% in Q4 2023 and bottomed at 79.31% in Q4 2024.
- Historically, Gross Margin has averaged 94.41% across 5 years, with a median of 94.19% in 2021.
- Annual changes were most pronounced in 2021 — Gross Margin jumped 1751 bps — and 2024, when it plunged 2821 bps.
- American States Water's Gross Margin stood at 102.94% in 2021, then rose by 1 bps to 103.94% in 2022, then gained by 3 bps to 107.52% in 2023, then decreased by 26 bps to 79.31% in 2024, then advanced by 15 bps to 91.44% in 2025.
- Business Quant data shows AWR's Gross Margin at 91.44% in Q4 2025, 91.1% in Q3 2025, and 92.45% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 27.52 Bn | 27.33 Bn | 874.00 Mn | 64.50% |
| 2 | Essential Utilities | 11.89 Bn | 11.88 Bn | 377.22 Mn | 71.06% |
| 3 | American States Water | 3.51 Bn | 3.49 Bn | 169.26 Mn | 93.36% |
| 4 | California Water Service | 3.04 Bn | 2.96 Bn | 263.45 Mn | 85.37% |
| 5 | H2O America | 2.69 Bn | 2.59 Bn | 197.11 Mn | 93.65% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | 30.96 Mn | 54.93% |
| 7 | York Water | 543.22 Mn | 542.66 Mn | 17.56 Mn | 74.68% |
| 8 | Consolidated Water | 463.93 Mn | 331.30 Mn | 10.96 Mn | 33.35% |
| 9 | Artesian Resources | 373.97 Mn | 364.17 Mn | 29.37 Mn | 95.78% |
| 10 | Cadiz | 341.64 Mn | 336.32 Mn | -24,000.00 | -2.45% |
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 93.36% |
| Dec 31, 2025 | 84.16% |
| Sep 30, 2025 | 93.55% |
| Jun 30, 2025 | 92.45% |
| Mar 31, 2025 | 92.91% |
| Dec 31, 2024 | 83.81% |
| Sep 30, 2024 | 93.19% |
| Jun 30, 2024 | 93.09% |
| Mar 31, 2024 | 92.89% |
| Dec 31, 2023 | 77.91% |
| Sep 30, 2023 | 93.13% |
| Jun 30, 2023 | 93.83% |
| Mar 31, 2023 | 93.73% |
| Dec 31, 2022 | 79.94% |
| Sep 30, 2022 | 92.82% |
| Jun 30, 2022 | 92.12% |
| Mar 31, 2022 | 92.02% |
| Dec 31, 2021 | 73.64% |
| Sep 30, 2021 | 93.12% |
| Jun 30, 2021 | 93.35% |