California Water Service (CWT) Return on Capital Employed (2010 - 2026)
California Water Service's quarterly Return on Capital Employed came in at 3.21% in Q1 2026, down 47.0% year-on-year from 6.05% in Q1 2025, and down 2.52% quarter-over-quarter from 3.29% in Q4 2025.
California Water Service has reported Return on Capital Employed for 17 years, with the latest figure at 3.21% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed fell 47.0% year-over-year to 3.21%; the trailing twelve-month figure through Mar 2026 stood at 3.21% (down 47.0% YoY), and the FY2025 full-year result was 3.4%, down 177.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 3.21%, down from 3.29% in the prior quarter.
- The five-year high for Return on Capital Employed was 5.22% in Q3 2024, with the low at 1.88% in Q3 2023.
- Average Return on Capital Employed over 5 years is 3.52%, with a median of 3.5% recorded in 2022.
- Year-over-year, Return on Capital Employed slumped 210 bps in 2022 and surged 334 bps in 2024.
- Tracing CWT's Return on Capital Employed over 5 years: stood at 3.41% in 2022, then slumped by 42 bps to 1.98% in 2023, then jumped by 149 bps to 4.94% in 2024, then sank by 33 bps to 3.29% in 2025, then decreased by 3 bps to 3.21% in 2026.
- The last three Return on Capital Employed figures came in at 3.21% (Q1 2026), 3.29% (Q4 2025), and 3.74% (Q3 2025), per Business Quant data.
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
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.21% |
| Dec 31, 2025 | 3.29% |
| Sep 30, 2025 | 3.74% |
| Jun 30, 2025 | 3.73% |
| Mar 31, 2025 | 3.67% |
| Dec 31, 2024 | 4.94% |
| Sep 30, 2024 | 5.22% |
| Jun 30, 2024 | 4.75% |
| Mar 31, 2024 | 4.13% |
| Dec 31, 2023 | 1.98% |
| Sep 30, 2023 | 1.88% |
| Jun 30, 2023 | 2.51% |
| Mar 31, 2023 | 2.71% |
| Dec 31, 2022 | 3.41% |
| Sep 30, 2022 | 3.27% |
| Jun 30, 2022 | 3.50% |
| Mar 31, 2022 | 3.97% |
| Dec 31, 2021 | 3.75% |
| Sep 30, 2021 | 4.34% |
| Jun 30, 2021 | 5.60% |
| Mar 31, 2021 | 5.28% |
| Dec 31, 2020 | 4.78% |
| Sep 30, 2020 | 4.66% |
| Jun 30, 2020 | 2.85% |
| Mar 31, 2020 | 3.46% |
| Dec 31, 2019 | 3.67% |
| Sep 30, 2019 | 3.97% |
| Jun 30, 2019 | 3.90% |
| Mar 31, 2019 | 4.07% |
| Dec 31, 2018 | 4.36% |
| Sep 30, 2018 | 4.37% |
| Jun 30, 2018 | 4.86% |
| Mar 31, 2018 | 4.63% |
| Dec 31, 2017 | 4.91% |
| Sep 30, 2017 | 4.82% |
| Jun 30, 2017 | 4.30% |
| Mar 31, 2017 | 3.84% |
| Dec 31, 2016 | 3.55% |
| Sep 30, 2016 | 3.22% |
| Jun 30, 2016 | 3.38% |
| Mar 31, 2016 | 3.31% |
| Dec 31, 2015 | 3.35% |
| Sep 30, 2015 | 3.69% |
| Jun 30, 2015 | 4.15% |
| Mar 31, 2015 | 4.52% |
| Dec 31, 2014 | 4.28% |
| Sep 30, 2014 | 4.22% |
| Jun 30, 2014 | 4.08% |
| Mar 31, 2014 | 3.92% |
| Dec 31, 2013 | 3.99% |
| Sep 30, 2013 | 3.93% |
| Jun 30, 2013 | 3.93% |
| Mar 31, 2013 | 4.07% |
| Dec 31, 2012 | 4.24% |
| Sep 30, 2012 | 3.99% |
| Jun 30, 2012 | 3.80% |
| Mar 31, 2012 | 3.76% |
| Dec 31, 2011 | 4.01% |
| Sep 30, 2011 | 4.43% |
| Jun 30, 2011 | 4.21% |
| Mar 31, 2011 | 4.04% |
| Dec 31, 2010 | 3.98% |
| Sep 30, 2010 | 4.22% |