American States Water (AWR) Return on Capital Employed (2011 - 2025)
American States Water (AWR) posted quarterly Return on Capital Employed of 8.1% for Q4 2025, down 39.0% year-over-year from 13.27% in Q4 2024, and little changed quarter-over-quarter from 8.09% in Q3 2025.
American States Water (AWR) Return on Capital Employed (2011 - 2025) Analysis & Trends
American States Water (AWR) has reported Return on Capital Employed for 15 consecutive years, with 8.1% the latest figure, recorded in Q4 2025.
- In Q4 2025, Return on Capital Employed fell 39.0% year-over-year to 8.1%; the TTM figure through Dec 2025 stood at 8.1% (down 39.0% YoY), while the FY2025 annual figure was 8.35%, down 48.0% from the prior year.
- Return on Capital Employed steadied at 8.1% in Q4 2025 per AWR's latest filing, from 8.09% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 9.58% in Q3 2023 and bottomed at 7.73% in Q1 2022.
- Historically, Return on Capital Employed has averaged 8.45% across 5 years, with a median of 8.26% in 2021.
- Annual changes were most pronounced in 2023 — Return on Capital Employed jumped 170 bps — and 2024, when it slumped 107 bps.
- American States Water's Return on Capital Employed stood at 8.14% in 2021, then fell by 3 bps to 7.86% in 2022, then rose by 22 bps to 9.55% in 2023, then slipped by 11 bps to 8.48% in 2024, then declined by 5 bps to 8.1% in 2025.
- Business Quant data shows AWR's Return on Capital Employed at 8.1% in Q4 2025, 8.09% in Q3 2025, and 7.88% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.66 Bn | 26.47 Bn | - | 5.99% |
| 2 | Essential Utilities | 11.36 Bn | 11.35 Bn | - | 4.68% |
| 3 | American States Water | 3.38 Bn | 3.36 Bn | 278.03 Mn | 8.10% |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | 3.50% |
| 5 | H2O America | 2.60 Bn | 2.49 Bn | 197.11 Mn | 3.41% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | 4.63% |
| 7 | Consolidated Water | 517.12 Mn | 390.79 Mn | 10.92 Mn | 7.47% |
| 8 | York Water | 517.01 Mn | 516.45 Mn | - | 4.50% |
| 9 | Artesian Resources | 362.21 Mn | 357.96 Mn | 26.56 Mn | 3.42% |
| 10 | Pure Cycle | 274.66 Mn | 266.22 Mn | 4.29 Mn | 7.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 8.10% |
| Sep 30, 2025 | 8.09% |
| Jun 30, 2025 | 7.88% |
| Mar 31, 2025 | 8.57% |
| Dec 31, 2024 | 8.48% |
| Sep 30, 2024 | 8.76% |
| Jun 30, 2024 | 8.77% |
| Mar 31, 2024 | 8.83% |
| Dec 31, 2023 | 9.55% |
| Sep 30, 2023 | 9.58% |
| Jun 30, 2023 | 9.09% |
| Mar 31, 2023 | 8.82% |
| Dec 31, 2022 | 7.86% |
| Sep 30, 2022 | 8.10% |
| Jun 30, 2022 | 8.31% |
| Mar 31, 2022 | 7.73% |
| Dec 31, 2021 | 8.14% |
| Sep 30, 2021 | 8.21% |
| Jun 30, 2021 | 8.04% |
| Mar 31, 2021 | 8.05% |