Growth Metrics

California Water Service (CWT) Operating Expenses (2009 - 2026)

California Water Service's quarterly Operating Expenses came in at $196.4 million in Q1 2026, up 8.14% year-on-year from $181.6 million in Q1 2025, and up 1.04% quarter-over-quarter from $194.4 million in Q4 2025.

California Water Service has reported Operating Expenses for 18 years, with the latest figure at $196.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 8.14% year-over-year to $196.4 million; the trailing twelve-month figure through Mar 2026 stood at $844.6 million (up 5.5% YoY), and the FY2025 full-year result was $829.8 million, up 2.22% from the prior year.
  • Operating Expenses for Q1 2026 stood at $196.4 million, up from $194.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $240.6 million in Q3 2025, with the low at $148.6 million in Q1 2023.
  • Average Operating Expenses over 5 years is $192.6 million, with a median of $192.9 million recorded in 2024.
  • Year-over-year, Operating Expenses retreated 9.3% in 2023 and grew 29.76% in 2024.
  • Tracing CWT's Operating Expenses over 5 years: stood at $174.6 million in 2022, then advanced by 2.65% to $179.3 million in 2023, then increased by 5.95% to $189.9 million in 2024, then advanced by 2.33% to $194.4 million in 2025, then advanced by 1.04% to $196.4 million in 2026.
  • The last three Operating Expenses figures came in at $196.4 million (Q1 2026), $194.4 million (Q4 2025), and $240.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 American Water Works Company 24.16 Bn 24.02 Bn 714.00 Mn 816.00 Mn
2 Aris Mining 20.33 Bn 19.86 Bn 233.28 Mn -7.90 Mn
3 Essential Utilities 10.48 Bn 10.40 Bn 685.96 Mn 551.12 Mn
4 American States Water 2.94 Bn 2.93 Bn 104.19 Mn 119.24 Mn
5 California Water Service 2.58 Bn 2.48 Bn 183.34 Mn 196.41 Mn
6 H2O America 2.18 Bn 2.03 Bn 171.30 Mn 145.87 Mn
7 Middlesex Water 959.61 Mn 957.57 Mn 25.70 Mn 35.61 Mn
8 Consolidated Water 465.28 Mn 344.14 Mn 10.92 Mn 10.68 Mn
9 York Water 430.12 Mn 430.12 Mn 13.98 Mn 13.72 Mn
10 Artesian Resources 332.86 Mn 328.60 Mn 26.56 Mn 21.50 Mn

Historic Data

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DateValue
Mar 31, 2026 196.41 Mn
Dec 31, 2025 194.38 Mn
Sep 30, 2025 240.62 Mn
Jun 30, 2025 213.15 Mn
Mar 31, 2025 181.63 Mn
Dec 31, 2024 189.95 Mn
Sep 30, 2024 232.82 Mn
Jun 30, 2024 196.13 Mn
Mar 31, 2024 192.86 Mn
Dec 31, 2023 179.28 Mn
Sep 30, 2023 211.50 Mn
Jun 30, 2023 178.10 Mn
Mar 31, 2023 148.62 Mn
Dec 31, 2022 174.65 Mn
Sep 30, 2022 201.36 Mn
Jun 30, 2022 178.91 Mn
Mar 31, 2022 163.86 Mn
Dec 31, 2021 162.87 Mn
Sep 30, 2021 185.57 Mn
Jun 30, 2021 170.88 Mn
Mar 31, 2021 144.82 Mn
Dec 31, 2020 164.12 Mn
Sep 30, 2020 198.05 Mn
Jun 30, 2020 162.99 Mn
Mar 31, 2020 132.49 Mn
Dec 31, 2019 156.52 Mn
Sep 30, 2019 180.97 Mn
Jun 30, 2019 152.02 Mn
Mar 31, 2019 125.64 Mn
Dec 31, 2018 140.88 Mn
Sep 30, 2018 173.96 Mn
Jun 30, 2018 148.10 Mn
Mar 31, 2018 124.72 Mn
Dec 31, 2017 143.82 Mn
Sep 30, 2017 169.27 Mn
Jun 30, 2017 144.46 Mn
Mar 31, 2017 111.48 Mn
Dec 31, 2016 123.15 Mn
Sep 30, 2016 154.21 Mn
Jun 30, 2016 133.91 Mn
Mar 31, 2016 115.46 Mn
Dec 31, 2015 123.46 Mn
Sep 30, 2015 151.34 Mn
Jun 30, 2015 127.92 Mn
Mar 31, 2015 114.49 Mn
Dec 31, 2014 120.82 Mn
Sep 30, 2014 150.35 Mn
Jun 30, 2014 135.12 Mn
Mar 31, 2014 109.36 Mn
Dec 31, 2013 122.05 Mn
Sep 30, 2013 148.60 Mn
Jun 30, 2013 133.77 Mn
Mar 31, 2013 105.67 Mn
Dec 31, 2012 110.28 Mn
Sep 30, 2012 141.77 Mn
Jun 30, 2012 123.93 Mn
Mar 31, 2012 110.14 Mn
Dec 31, 2011 95.43 Mn
Sep 30, 2011 139.18 Mn
Jun 30, 2011 111.84 Mn
Mar 31, 2011 88.20 Mn
Dec 31, 2010 93.55 Mn
Sep 30, 2010 120.48 Mn
Jun 30, 2010 102.04 Mn
Mar 31, 2010 82.51 Mn
Dec 31, 2009 95.13 Mn
Sep 30, 2009 115.07 Mn
Jun 30, 2009 100.71 Mn