Growth Metrics

American States Water (AWR) Operating Expenses (2010 - 2025)

American States Water (AWR) reported Operating Expenses of $119.2 million for Q4 2025, up 14.21% year-over-year from $104.4 million in Q4 2024, and down 1.44% on a QoQ basis from $121.0 million in Q3 2025.

American States Water (AWR) has 16 years of Operating Expenses data on file, last reported at $119.2 million in Q4 2025.

  • Quarterly Operating Expenses rose 14.21% year-over-year to $119.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $454.8 million (up 10.66% YoY) and the FY2025 annual result came in at $454.8 million, up 10.66% from the prior year.
  • Operating Expenses eased to $119.2 million in Q4 2025 per AWR's latest filing, from $121.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $121.0 million in Q3 2025 and bottomed at $84.2 million in Q1 2022.
  • The 5-year median for Operating Expenses is $98.1 million (2022), against an average of $99.4 million.
  • The widest annual swing landed in 2023, when Operating Expenses soared 30.94%; it then decreased 12.68% in 2024.
  • Tracing AWR's Operating Expenses over 5 years: stood at $86.6 million in 2021, then climbed by 12.87% to $97.8 million in 2022, then slipped by 7.62% to $90.3 million in 2023, then gained by 15.62% to $104.4 million in 2024, then rose by 14.21% to $119.2 million in 2025.
  • Per Business Quant, the three latest AWR Operating Expenses figures stand at $119.2 million (Q4 2025), $121.0 million (Q3 2025), and $112.1 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 American Water Works Company 24.16 Bn 24.02 Bn 714.00 Mn 816.00 Mn
2 Aris Mining 20.33 Bn 19.86 Bn 233.28 Mn -7.90 Mn
3 Essential Utilities 10.48 Bn 10.40 Bn 685.96 Mn 551.12 Mn
4 American States Water 2.94 Bn 2.93 Bn 104.19 Mn 119.24 Mn
5 California Water Service 2.58 Bn 2.48 Bn 183.34 Mn 196.41 Mn
6 H2O America 2.18 Bn 2.03 Bn 171.30 Mn 145.87 Mn
7 Middlesex Water 959.61 Mn 957.57 Mn 25.70 Mn 35.61 Mn
8 Consolidated Water 465.28 Mn 344.14 Mn 10.92 Mn 10.68 Mn
9 York Water 430.12 Mn 430.12 Mn 13.98 Mn 13.72 Mn
10 Artesian Resources 332.86 Mn 328.60 Mn 26.56 Mn 21.50 Mn

Historic Data

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DateValue
Dec 31, 2025 119.24 Mn
Sep 30, 2025 120.98 Mn
Jun 30, 2025 112.11 Mn
Mar 31, 2025 102.47 Mn
Dec 31, 2024 104.41 Mn
Sep 30, 2024 106.71 Mn
Jun 30, 2024 103.58 Mn
Mar 31, 2024 96.28 Mn
Dec 31, 2023 90.30 Mn
Sep 30, 2023 99.95 Mn
Jun 30, 2023 98.46 Mn
Mar 31, 2023 110.26 Mn
Dec 31, 2022 97.75 Mn
Sep 30, 2022 94.64 Mn
Jun 30, 2022 88.29 Mn
Mar 31, 2022 84.21 Mn
Dec 31, 2021 86.61 Mn
Sep 30, 2021 93.97 Mn
Jun 30, 2021 90.57 Mn
Mar 31, 2021 86.73 Mn
Dec 31, 2020 94.92 Mn
Sep 30, 2020 93.88 Mn
Jun 30, 2020 85.56 Mn
Mar 31, 2020 83.38 Mn
Dec 31, 2019 88.27 Mn
Sep 30, 2019 91.77 Mn
Jun 30, 2019 85.22 Mn
Mar 31, 2019 81.54 Mn
Dec 31, 2018 88.26 Mn
Sep 30, 2018 90.21 Mn
Jun 30, 2018 81.33 Mn
Mar 31, 2018 76.04 Mn
Dec 31, 2017 82.22 Mn
Sep 30, 2017 85.88 Mn
Jun 30, 2017 71.17 Mn
Mar 31, 2017 74.23 Mn
Dec 31, 2016 85.23 Mn
Sep 30, 2016 84.19 Mn
Jun 30, 2016 80.18 Mn
Mar 31, 2016 72.29 Mn
Dec 31, 2015 88.23 Mn
Sep 30, 2015 91.79 Mn
Jun 30, 2015 84.09 Mn
Mar 31, 2015 76.04 Mn
Dec 31, 2014 84.50 Mn
Sep 30, 2014 98.43 Mn
Jun 30, 2014 84.64 Mn
Mar 31, 2014 79.18 Mn
Dec 31, 2013 88.27 Mn
Sep 30, 2013 94.75 Mn
Jun 30, 2013 87.40 Mn
Mar 31, 2013 82.59 Mn
Dec 31, 2012 90.42 Mn
Sep 30, 2012 97.41 Mn
Jun 30, 2012 84.46 Mn
Mar 31, 2012 83.53 Mn
Dec 31, 2011 80.52 Mn
Sep 30, 2011 87.29 Mn
Jun 30, 2011 80.69 Mn
Mar 31, 2011 76.31 Mn
Dec 31, 2010 87.91 Mn
Sep 30, 2010 94.40 Mn
Jun 30, 2010 74.33 Mn