California Water Service (CWT) Gross Margin (2009 - 2026)
California Water Service (CWT) posted quarterly Gross Margin of 85.37% for Q2 2026, down 267.0% year-over-year from 51.12% in Q2 2025, and little changed quarter-over-quarter from 85.44% in Q1 2026.
California Water Service (CWT) Gross Margin (2009 - 2026) Analysis & Trends
California Water Service's Gross Margin history runs 18 years deep, the most recent figure standing at 85.37% for Q2 2026.
- In Q2 2026, Gross Margin fell 267.0% year-over-year to 85.37%; the TTM figure through Jun 2026 stood at 86.16% (down 108.0% YoY), while the FY2025 annual figure was 86.99%, down 158.0% from the prior year.
- Gross Margin for Q2 2026 stood at 85.37%, roughly flat from 85.44% in the prior quarter.
- The five-year high for Gross Margin was 90.06% in Q1 2024, with the low at 82.41% in Q4 2023.
- The 5-year median for Gross Margin is 86.28% (2023), against an average of 86.6%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin sank 454 bps in 2022, then soared 305 bps in 2024.
- California Water Service's Gross Margin stood at 82.97% in 2022, then decreased by 1 bps to 82.41% in 2023, then grew by 4 bps to 85.47% in 2024, then decreased by 2 bps to 83.58% in 2025, then increased by 2 bps to 85.37% in 2026.
- Business Quant data shows CWT's Gross Margin at 85.37% in Q2 2026, 85.44% in Q1 2026, and 83.58% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.64 Bn | 26.45 Bn | - | - |
| 2 | Essential Utilities | 11.35 Bn | 11.35 Bn | - | - |
| 3 | American States Water | 3.37 Bn | 3.36 Bn | 278.03 Mn | 91.44% |
| 4 | California Water Service | 3.03 Bn | 2.94 Bn | 263.45 Mn | 85.37% |
| 5 | H2O America | 2.61 Bn | 2.51 Bn | 197.11 Mn | 93.65% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | - |
| 7 | York Water | 517.33 Mn | 516.77 Mn | - | - |
| 8 | Consolidated Water | 515.60 Mn | 389.27 Mn | 10.92 Mn | 36.42% |
| 9 | Artesian Resources | 361.44 Mn | 357.18 Mn | 26.56 Mn | 95.63% |
| 10 | Pure Cycle | 275.03 Mn | 266.59 Mn | 4.29 Mn | 52.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 85.37% |
| Mar 31, 2026 | 85.44% |
| Dec 31, 2025 | 83.58% |
| Sep 30, 2025 | 89.25% |
| Jun 30, 2025 | 88.04% |
| Mar 31, 2025 | 85.86% |
| Dec 31, 2024 | 85.47% |
| Sep 30, 2024 | 88.78% |
| Jun 30, 2024 | 89.51% |
| Mar 31, 2024 | 90.06% |
| Dec 31, 2023 | 82.41% |
| Sep 30, 2023 | 87.32% |
| Jun 30, 2023 | 86.69% |
| Mar 31, 2023 | 87.33% |
| Dec 31, 2022 | 82.97% |
| Sep 30, 2022 | 89.98% |
| Jun 30, 2022 | 85.73% |
| Mar 31, 2022 | 85.06% |
| Dec 31, 2021 | 86.69% |
| Sep 30, 2021 | 90.38% |