American States Water (AWR) Operating Income (2010 - 2026)
American States Water (AWR) posted quarterly Operating Income of $45.0 million for Q4 2025, up 16.4% year-over-year from $38.7 million in Q4 2024, and down 27.05% quarter-over-quarter from $61.7 million in Q3 2025.
Analysis
American States Water (AWR) Operating Income (2010 - 2026) Analysis & Trends
American States Water (AWR) has reported Operating Income for 16 consecutive years, with $45.0 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Income rose 16.4% year-over-year to $45.0 million; the TTM figure through Dec 2025 stood at $203.3 million (up 10.19% YoY), while the FY2025 annual figure was $203.3 million, up 10.19% from the prior year.
- Operating Income slipped to $45.0 million in Q4 2025 per AWR's latest filing, from $61.7 million in the prior quarter.
- Across five years, Operating Income topped out at $61.7 million in Q3 2025 and bottomed at $24.4 million in Q1 2022.
- Historically, Operating Income has averaged $42.6 million across 5 years, with a median of $41.6 million in 2021.
- Annual changes were most pronounced in 2023 — Operating Income jumped 109.99% — and 2024, when it retreated 23.83%.
- American States Water's Operating Income stood at $30.0 million in 2021, then decreased by 8.01% to $27.6 million in 2022, then gained by 26.31% to $34.9 million in 2023, then advanced by 10.93% to $38.7 million in 2024, then rose by 16.4% to $45.0 million in 2025.
- Business Quant data shows AWR's Operating Income at $45.0 million in Q4 2025, $61.7 million in Q3 2025, and $51.0 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 27.16 Bn | 26.97 Bn | 874.00 Mn | 542.00 Mn |
| 2 | Essential Utilities | 11.75 Bn | 11.74 Bn | 377.22 Mn | 193.27 Mn |
| 3 | American States Water | 3.46 Bn | 3.44 Bn | 169.26 Mn | 63.97 Mn |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | 70.90 Mn |
| 5 | H2O America | 2.65 Bn | 2.55 Bn | 197.11 Mn | 42.75 Mn |
| 6 | Middlesex Water | 1.08 Bn | 1.08 Bn | 30.96 Mn | 18.23 Mn |
| 7 | York Water | 541.39 Mn | 540.83 Mn | 17.56 Mn | 9.81 Mn |
| 8 | Consolidated Water | 461.93 Mn | 329.30 Mn | 10.96 Mn | 3.74 Mn |
| 9 | Artesian Resources | 369.22 Mn | 359.42 Mn | 29.37 Mn | 8.62 Mn |
| 10 | Cadiz | 344.16 Mn | 338.84 Mn | -24,000.00 | -8.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 63.97 Mn |
| Dec 31, 2025 | 45.04 Mn |
| Sep 30, 2025 | 61.73 Mn |
| Jun 30, 2025 | 50.96 Mn |
| Mar 31, 2025 | 45.55 Mn |
| Dec 31, 2024 | 38.69 Mn |
| Sep 30, 2024 | 55.07 Mn |
| Jun 30, 2024 | 51.75 Mn |
| Mar 31, 2024 | 38.97 Mn |
| Dec 31, 2023 | 34.88 Mn |
| Sep 30, 2023 | 51.75 Mn |
| Jun 30, 2023 | 58.95 Mn |
| Mar 31, 2023 | 51.17 Mn |
| Dec 31, 2022 | 27.61 Mn |
| Sep 30, 2022 | 40.34 Mn |
| Jun 30, 2022 | 34.32 Mn |
| Mar 31, 2022 | 24.37 Mn |
| Dec 31, 2021 | 30.02 Mn |
| Sep 30, 2021 | 42.78 Mn |
| Jun 30, 2021 | 37.85 Mn |