American States Water (AWR) Gross Margin (2010 - 2025)
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.
American States Water (AWR) Gross Margin (2010 - 2025) 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.66 Bn | 26.47 Bn | - | - |
| 2 | Essential Utilities | 11.36 Bn | 11.35 Bn | - | - |
| 3 | American States Water | 3.38 Bn | 3.36 Bn | 278.03 Mn | 91.44% |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | 85.37% |
| 5 | H2O America | 2.60 Bn | 2.49 Bn | 197.11 Mn | 93.65% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | - |
| 7 | Consolidated Water | 517.12 Mn | 390.79 Mn | 10.92 Mn | 36.42% |
| 8 | York Water | 517.01 Mn | 516.45 Mn | - | - |
| 9 | Artesian Resources | 362.21 Mn | 357.96 Mn | 26.56 Mn | 95.63% |
| 10 | Pure Cycle | 274.66 Mn | 266.22 Mn | 4.29 Mn | 52.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 91.44% |
| Sep 30, 2025 | 91.10% |
| Jun 30, 2025 | 92.45% |
| Mar 31, 2025 | 89.72% |
| Dec 31, 2024 | 79.31% |
| Sep 30, 2024 | 94.38% |
| Jun 30, 2024 | 94.73% |
| Mar 31, 2024 | 92.89% |
| Dec 31, 2023 | 107.52% |
| Sep 30, 2023 | 96.05% |
| Jun 30, 2023 | 96.59% |
| Mar 31, 2023 | 93.73% |
| Dec 31, 2022 | 103.94% |
| Sep 30, 2022 | 94.39% |
| Jun 30, 2022 | 89.36% |
| Mar 31, 2022 | 96.12% |
| Dec 31, 2021 | 102.94% |
| Sep 30, 2021 | 93.12% |
| Jun 30, 2021 | 94.30% |
| Mar 31, 2021 | 94.08% |