American States Water Co (AWR) Financial Statements
Industry: Water Supply
In fiscal 2025, American States Water reported revenue of $658.1M, up 10.5% from $595.5M the year before. Net income was $130.4M (a 19.8% net margin), or $3.37 per diluted share. Gross margin was 90.8% and operating margin was 30.9%. Operating activities generated $229.7M of cash, leaving -$7.1M of free cash flow. At fiscal year end, American States Water held $2.72B in total assets against $1.67B in total liabilities, including $18.8M of cash and equivalents.
Open the full interactive American States Water financials → Quarterly statements, key ratios, valuation history and price charts.
American States Water Key Stats
| Share Price | $82.51 |
|---|---|
| Market Cap | $3.26B |
| P/E Ratio | 24.5 |
| Dividend Yield | 2.41% |
| Revenue YoY Growth | +10.5% |
| 52-Week Range | $68.73 – $91.10 |
| Shares Outstanding | 39.3 million (basic, 2026 Q2) |
American States Water Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $488.2M | $498.9M | $491.5M | $595.7M | $595.5M | $658.1M |
| Cost of Goods Sold | $62.4M | $56.9M | $53.2M | $57.9M | $54.5M | $60.6M |
| Gross Profit | $425.8M | $441.9M | $438.4M | $537.8M | $540.9M | $597.5M |
| Operating Income | $130.5M | $141.0M | $126.6M | $196.7M | $184.5M | $203.3M |
| Pre-Tax Income | $114.6M | $124.8M | $102.1M | $166.5M | $149.4M | $169.8M |
| Income Tax | $28.2M | $30.4M | $23.7M | $41.6M | $30.2M | $39.4M |
| Net Income | $86.4M | $94.3M | $78.4M | $124.9M | $119.3M | $130.4M |
| Diluted EPS | $2.33 | $2.55 | $2.11 | $3.36 | $3.17 | $3.37 |
American States Water Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $182.7M | $164.3M | $169.2M | $181.3M |
| Net Income | $41.2M | $28.7M | $29.9M | $43.3M |
| Diluted EPS | $1.06 | $0.74 | $0.76 | $1.09 |
American States Water Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $36.7M | $5.0M | $6.0M | $14.1M | $26.7M | $18.8M |
| Current Assets | $157.1M | $138.1M | $151.3M | $206.0M | $233.3M | $231.1M |
| Total Assets | $1.79B | $1.90B | $2.03B | $2.25B | $2.50B | $2.72B |
| Current Liabilities | $118.6M | $155.6M | $396.5M | $166.6M | $285.5M | $174.6M |
| Total Long-Term Debt | $440.7M | $412.6M | $446.9M | $575.9M | $640.8M | $790.9M |
| Total Liabilities | $1.15B | $1.22B | $1.32B | $1.47B | $1.58B | $1.67B |
| Shareholders' Equity | $641.7M | $685.9M | $709.5M | $776.1M | $920.1M | $1.05B |
American States Water Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $122.2M | $115.6M | $117.8M | $67.7M | $198.7M | $229.7M |
| Cash From Investing | -$131.6M | -$145.1M | -$167.1M | -$188.8M | -$232.8M | -$237.5M |
| Cash From Financing | $44.8M | -$2.3M | $50.3M | $129.2M | $46.6M | -$26,000 |
| Free Cash Flow | -$8.3M | -$28.9M | -$48.4M | -$120.9M | -$33.2M | -$7.1M |
| Dividends Paid | $47.2M | $51.7M | $56.4M | $61.2M | $67.0M | $74.7M |
Figures from American States Water's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full American States Water financials page for every line item.
American States Water Company Profile
| Ticker | AWR |
|---|---|
| Exchange | NYSE |
| Industry | Water Supply |
| Headquarters | San Dimas, California |
| Incorporated in | California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001056903 |
Frequently Asked Questions
What was American States Water's revenue in fiscal 2025?
American States Water (AWR) reported revenue of $658.1M for fiscal 2025.
What is American States Water's annual revenue history?
American States Water's annual revenue by fiscal year: 2020: $488.2M; 2021: $498.9M; 2022: $491.5M; 2023: $595.7M; 2024: $595.5M; 2025: $658.1M.
What was American States Water's net income in fiscal 2025?
American States Water reported net income of $130.4M for fiscal 2025.
What was American States Water's earnings per share (EPS) in fiscal 2025?
American States Water's diluted EPS was $3.37 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did American States Water generate in fiscal 2025?
American States Water generated -$7.1M of free cash flow in fiscal 2025.
What was American States Water's revenue last quarter?
In its most recent reported quarter (2026 Q2), American States Water reported revenue of $181.3M.
How much debt does American States Water have?
American States Water reported $790.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of American States Water are outstanding?
American States Water reported a weighted average of 39.3 million basic shares outstanding in 2026 Q2.
What is American States Water's market cap?
Based on its latest closing price, American States Water (AWR) has a market capitalization of about $3.26B.
When does American States Water's fiscal year end?
American States Water's fiscal year end, as registered with the SEC, is December 31.
Where is American States Water headquartered?
American States Water lists its business address in San Dimas, California in its SEC filings.