California Water Service (CWT) Net Margin (2009 - 2026)
California Water Service's quarterly Net Margin came in at 1.33% in Q1 2026, down 335.0% year-on-year from 0.56% in Q1 2025, and up 89.35% quarter-over-quarter from 12.46% in Q4 2025.
California Water Service has reported Net Margin for 18 years, with the latest figure at 1.33% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 335.0% year-over-year to 1.33%; the trailing twelve-month figure through Mar 2026 stood at 3.59% (down 1163.0% YoY), and the FY2025 full-year result was 8.46%, down 1125.0% from the prior year.
- Net Margin for Q1 2026 stood at 1.33%, up from 12.46% in the prior quarter.
- The five-year high for Net Margin was 27.56% in Q1 2024, with the low at 19.58% in Q1 2023.
- Average Net Margin over 5 years is 7.84%, with a median of 9.69% recorded in 2025.
- Year-over-year, Net Margin soared 4714 bps in 2024 and slumped 3995 bps in 2025.
- Tracing CWT's Net Margin over 5 years: stood at 13.9% in 2022, then slumped by 79 bps to 2.95% in 2023, then soared by 833 bps to 27.49% in 2024, then slumped by 145 bps to 12.46% in 2025, then soared by 89 bps to 1.33% in 2026.
- The last three Net Margin figures came in at 1.33% (Q1 2026), 12.46% (Q4 2025), and 13.14% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 24.16 Bn | 24.02 Bn | 714.00 Mn | 16.24% |
| 2 | Aris Mining | 20.33 Bn | 19.86 Bn | 233.28 Mn | 33.21% |
| 3 | Essential Utilities | 10.48 Bn | 10.40 Bn | 685.96 Mn | 26.04% |
| 4 | American States Water | 2.94 Bn | 2.93 Bn | 104.19 Mn | 26.11% |
| 5 | California Water Service | 2.58 Bn | 2.48 Bn | 183.34 Mn | -1.33% |
| 6 | H2O America | 2.18 Bn | 2.03 Bn | 171.30 Mn | 10.37% |
| 7 | Middlesex Water | 959.61 Mn | 957.57 Mn | 25.70 Mn | 21.73% |
| 8 | Consolidated Water | 465.28 Mn | 344.14 Mn | 10.92 Mn | -0.14% |
| 9 | York Water | 430.12 Mn | 430.12 Mn | 13.98 Mn | 24.10% |
| 10 | Artesian Resources | 332.86 Mn | 328.60 Mn | 26.56 Mn | 7.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.33% |
| Dec 31, 2025 | -12.46% |
| Sep 30, 2025 | 13.14% |
| Jun 30, 2025 | 9.69% |
| Mar 31, 2025 | 2.03% |
| Dec 31, 2024 | 27.49% |
| Sep 30, 2024 | 16.15% |
| Jun 30, 2024 | 13.94% |
| Mar 31, 2024 | 27.56% |
| Dec 31, 2023 | 2.95% |
| Sep 30, 2023 | 10.07% |
| Jun 30, 2023 | 0.35% |
| Mar 31, 2023 | -19.58% |
| Dec 31, 2022 | 13.90% |
| Sep 30, 2022 | 21.66% |
| Jun 30, 2022 | 8.22% |
| Mar 31, 2022 | -0.52% |
| Dec 31, 2021 | -3.25% |
| Sep 30, 2021 | 24.72% |
| Jun 30, 2021 | 13.40% |
| Mar 31, 2021 | -1.45% |
| Dec 31, 2020 | 15.70% |
| Sep 30, 2020 | 31.69% |
| Jun 30, 2020 | 3.01% |
| Mar 31, 2020 | -16.17% |
| Dec 31, 2019 | 3.28% |
| Sep 30, 2019 | 18.24% |
| Jun 30, 2019 | 9.49% |
| Mar 31, 2019 | -6.06% |
| Dec 31, 2018 | 9.18% |
| Sep 30, 2018 | 16.35% |
| Jun 30, 2018 | 8.46% |
| Mar 31, 2018 | -0.57% |
| Dec 31, 2017 | 11.82% |
| Sep 30, 2017 | 15.81% |
| Jun 30, 2017 | 10.68% |
| Mar 31, 2017 | 0.91% |
| Dec 31, 2016 | 10.00% |
| Sep 30, 2016 | 12.41% |
| Jun 30, 2016 | 7.55% |
| Mar 31, 2016 | -0.66% |
| Dec 31, 2015 | 6.12% |
| Sep 30, 2015 | 13.69% |
| Jun 30, 2015 | 6.82% |
| Mar 31, 2015 | 1.29% |
| Dec 31, 2014 | 8.29% |
| Sep 30, 2014 | 17.60% |
| Jun 30, 2014 | 10.84% |
| Mar 31, 2014 | -4.95% |
| Dec 31, 2013 | 4.24% |
| Sep 30, 2013 | 15.81% |
| Jun 30, 2013 | 8.74% |
| Mar 31, 2013 | -0.96% |
| Dec 31, 2012 | 4.12% |
| Sep 30, 2012 | 16.71% |
| Jun 30, 2012 | 9.03% |
| Mar 31, 2012 | 0.93% |
| Dec 31, 2011 | 1.81% |
| Sep 30, 2011 | 12.37% |
| Jun 30, 2011 | 9.28% |
| Mar 31, 2011 | 2.77% |
| Dec 31, 2010 | 4.62% |
| Sep 30, 2010 | 13.93% |
| Jun 30, 2010 | 8.63% |
| Mar 31, 2010 | 1.47% |
| Dec 31, 2009 | 2.42% |
| Sep 30, 2009 | 12.15% |
| Jun 30, 2009 | 8.26% |