American States Water (AWR) Operating Margin (2010 - 2026)
American States Water (AWR) posted quarterly Operating Margin of 14.81% for Q4 2025, up 12552.0% year-over-year from N/an in Q4 2024, and down 68.25% quarter-over-quarter from 46.65% in Q3 2025.
Powered by 
Analysis
American States Water (AWR) Operating Margin (2010 - 2026) Analysis & Trends
American States Water (AWR) has reported Operating Margin for 16 consecutive years, with 14.81% the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Margin rose 12552.0% year-over-year to 14.81%; the TTM figure through Dec 2025 stood at 28.98% (down 2613.0% YoY), while the FY2025 annual figure was 30.89%, down 1331.0% from the prior year.
- Operating Margin fell to 14.81% in Q4 2025 per AWR's latest filing, from 46.65% in the prior quarter.
- Across five years, Operating Margin topped out at 46.86% in Q2 2024 and bottomed at 110.71% in Q4 2024.
- Historically, Operating Margin has averaged 24.67% across 5 years, with a median of 32.91% in 2023.
- Annual changes were most pronounced in 2024 — Operating Margin slumped 13857 bps — and 2025, when it jumped 12552 bps.
- American States Water's Operating Margin stood at 13.08% in 2021, then plunged by 183 bps to 10.82% in 2022, then surged by 358 bps to 27.86% in 2023, then sank by 497 bps to 110.71% in 2024, then surged by 113 bps to 14.81% in 2025.
- Business Quant data shows AWR's Operating Margin at 14.81% in Q4 2025, 46.65% in Q3 2025, and 31.25% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 27.16 Bn | 26.97 Bn | 874.00 Mn | 40.00% |
| 2 | Essential Utilities | 11.75 Bn | 11.74 Bn | 377.22 Mn | 36.41% |
| 3 | American States Water | 3.46 Bn | 3.44 Bn | 169.26 Mn | 35.29% |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | 22.97% |
| 5 | H2O America | 2.65 Bn | 2.55 Bn | 197.11 Mn | 20.31% |
| 6 | Middlesex Water | 1.08 Bn | 1.08 Bn | 30.96 Mn | 32.35% |
| 7 | York Water | 541.39 Mn | 540.83 Mn | 17.56 Mn | 41.71% |
| 8 | Consolidated Water | 461.93 Mn | 329.30 Mn | 10.96 Mn | 11.39% |
| 9 | Artesian Resources | 369.22 Mn | 359.42 Mn | 29.37 Mn | 28.09% |
| 10 | Cadiz | 344.16 Mn | 338.84 Mn | -24,000.00 | -902.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.29% |
| Dec 31, 2025 | 27.42% |
| Sep 30, 2025 | 33.79% |
| Jun 30, 2025 | 31.25% |
| Mar 31, 2025 | 30.77% |
| Dec 31, 2024 | 27.04% |
| Sep 30, 2024 | 34.04% |
| Jun 30, 2024 | 33.32% |
| Mar 31, 2024 | 28.82% |
| Dec 31, 2023 | 27.86% |
| Sep 30, 2023 | 34.11% |
| Jun 30, 2023 | 37.45% |
| Mar 31, 2023 | 31.70% |
| Dec 31, 2022 | 22.03% |
| Sep 30, 2022 | 29.89% |
| Jun 30, 2022 | 27.99% |
| Mar 31, 2022 | 22.44% |
| Dec 31, 2021 | 25.74% |
| Sep 30, 2021 | 31.29% |
| Jun 30, 2021 | 29.47% |