Growth Metrics

American States Water (AWR) Return on Capital Employed (2011 - 2025)

American States Water (AWR) reported 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 on a QoQ basis from 8.09% in Q3 2025.

American States Water (AWR) has 15 years of Return on Capital Employed data on file, last reported at 8.1% in Q4 2025.

  • Quarterly Return on Capital Employed fell 39.0% year-over-year to 8.1% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 8.1% (down 39.0% YoY) and the FY2025 annual result came in at 8.35%, down 48.0% from the prior year.
  • Return on Capital Employed held 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.
  • The 5-year median for Return on Capital Employed is 8.26% (2021), against an average of 8.45%.
  • The widest annual swing landed in 2023, when Return on Capital Employed surged 170 bps; it then plunged 107 bps in 2024.
  • Tracing AWR's Return on Capital Employed over 5 years: stood at 8.14% in 2021, then slipped by 3 bps to 7.86% in 2022, then climbed by 22 bps to 9.55% in 2023, then fell by 11 bps to 8.48% in 2024, then decreased by 5 bps to 8.1% in 2025.
  • Per Business Quant, the three latest AWR Return on Capital Employed figures stand at 8.1% (Q4 2025), 8.09% (Q3 2025), and 7.88% (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 American Water Works Company 24.16 Bn 24.02 Bn 714.00 Mn 6.08%
2 Aris Mining 20.33 Bn 19.86 Bn 233.28 Mn -
3 Essential Utilities 10.48 Bn 10.40 Bn 685.96 Mn 0.54%
4 American States Water 2.94 Bn 2.93 Bn 104.19 Mn 8.10%
5 California Water Service 2.58 Bn 2.48 Bn 183.34 Mn 3.21%
6 H2O America 2.18 Bn 2.03 Bn 171.30 Mn 3.52%
7 Middlesex Water 959.61 Mn 957.57 Mn 25.70 Mn 4.45%
8 Consolidated Water 465.28 Mn 344.14 Mn 10.92 Mn 1.44%
9 York Water 430.12 Mn 430.12 Mn 13.98 Mn 0.62%
10 Artesian Resources 332.86 Mn 328.60 Mn 26.56 Mn 3.42%

Historic Data

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DateValue
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%
Dec 31, 2020 7.96%
Sep 30, 2020 7.88%
Jun 30, 2020 8.47%
Mar 31, 2020 8.73%
Dec 31, 2019 8.43%
Sep 30, 2019 8.53%
Jun 30, 2019 8.08%
Mar 31, 2019 7.29%
Dec 31, 2018 7.55%
Sep 30, 2018 7.65%
Jun 30, 2018 8.04%
Mar 31, 2018 9.91%
Dec 31, 2017 9.81%
Sep 30, 2017 9.62%
Jun 30, 2017 9.64%
Mar 31, 2017 9.10%
Dec 31, 2016 8.98%
Sep 30, 2016 9.21%
Jun 30, 2016 9.46%
Mar 31, 2016 9.43%
Dec 31, 2015 9.66%
Sep 30, 2015 9.97%
Jun 30, 2015 9.61%
Mar 31, 2015 9.51%
Dec 31, 2014 9.50%
Sep 30, 2014 9.56%
Jun 30, 2014 9.28%
Mar 31, 2014 9.47%
Dec 31, 2013 9.68%
Sep 30, 2013 9.75%
Jun 30, 2013 9.91%
Mar 31, 2013 9.68%
Dec 31, 2012 9.32%
Sep 30, 2012 9.08%
Jun 30, 2012 8.82%
Mar 31, 2012 8.85%
Dec 31, 2011 8.57%
Sep 30, 2011 3.82%