California Water Service (CWT) Operating Income (2009 - 2026)
California Water Service (CWT) posted quarterly Operating Income of $70.9 million for Q2 2026, up 36.85% year-over-year from $51.8 million in Q2 2025, and up 290.33% quarter-over-quarter from $18.2 million in Q1 2026.
Analysis
California Water Service (CWT) Operating Income (2009 - 2026) Analysis & Trends
California Water Service's Operating Income history runs 18 years deep, the most recent figure standing at $70.9 million for Q2 2026.
- In Q2 2026, Operating Income rose 36.85% year-over-year to $70.9 million; the TTM figure through Jun 2026 stood at $185.3 million (up 7.01% YoY), while the FY2025 annual figure was $170.4 million, down 24.3% from the prior year.
- Operating Income for Q2 2026 stood at $70.9 million, up from $18.2 million in the prior quarter.
- The five-year high for Operating Income was $77.9 million in Q1 2024, with the low at -$17.5 million in Q1 2023.
- The 5-year median for Operating Income is $33.7 million (2023), against an average of $38.3 million.
- The sharpest annual moves came in 2023 and 2024: Operating Income slumped 291.77% in 2023, then jumped 544.5% in 2024.
- California Water Service's Operating Income stood at $26.3 million in 2022, then soared by 34.04% to $35.2 million in 2023, then decreased by 8.49% to $32.2 million in 2024, then slipped by 20.61% to $25.6 million in 2025, then soared by 176.95% to $70.9 million in 2026.
- Business Quant data shows CWT's Operating Income at $70.9 million in Q2 2026, $18.2 million in Q1 2026, and $25.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 27.55 Bn | 27.36 Bn | 874.00 Mn | 542.00 Mn |
| 2 | Essential Utilities | 11.89 Bn | 11.88 Bn | 377.22 Mn | 193.27 Mn |
| 3 | American States Water | 3.51 Bn | 3.49 Bn | 169.26 Mn | 63.97 Mn |
| 4 | California Water Service | 3.04 Bn | 2.95 Bn | 263.45 Mn | 70.90 Mn |
| 5 | H2O America | 2.71 Bn | 2.60 Bn | 197.11 Mn | 42.75 Mn |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | 30.96 Mn | 18.23 Mn |
| 7 | York Water | 544.88 Mn | 544.33 Mn | 17.56 Mn | 9.81 Mn |
| 8 | Consolidated Water | 466.57 Mn | 333.94 Mn | 10.96 Mn | 3.74 Mn |
| 9 | Artesian Resources | 372.32 Mn | 362.52 Mn | 29.37 Mn | 8.62 Mn |
| 10 | Cadiz | 344.58 Mn | 339.26 Mn | -24,000.00 | -8.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.90 Mn |
| Mar 31, 2026 | 18.16 Mn |
| Dec 31, 2025 | 25.60 Mn |
| Sep 30, 2025 | 70.62 Mn |
| Jun 30, 2025 | 51.81 Mn |
| Mar 31, 2025 | 22.35 Mn |
| Dec 31, 2024 | 32.25 Mn |
| Sep 30, 2024 | 66.75 Mn |
| Jun 30, 2024 | 48.17 Mn |
| Mar 31, 2024 | 77.89 Mn |
| Dec 31, 2023 | 35.24 Mn |
| Sep 30, 2023 | 43.47 Mn |
| Jun 30, 2023 | 15.95 Mn |
| Mar 31, 2023 | -17.52 Mn |
| Dec 31, 2022 | 26.29 Mn |
| Sep 30, 2022 | 64.95 Mn |
| Jun 30, 2022 | 27.29 Mn |
| Mar 31, 2022 | 9.14 Mn |
| Dec 31, 2021 | 10.45 Mn |
| Sep 30, 2021 | 71.15 Mn |