California Water (CWT) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
1.0B
Gross Profit
692.9M
66.83%
Operating Income
262.5M
25.32%
Net Income
190.1M
18.33%
EPS (Diluted)
$3.25
Balance Sheet Metrics
Total Assets
5.2B
Total Liabilities
3.5B
Shareholders Equity
1.6B
Debt to Equity
2.16
Cash Flow Metrics
Operating Cash Flow
289.6M
Free Cash Flow
-179.9M
Revenue & Profitability Trend
California Water Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 1.0B | 794.6M | 846.4M | 790.9M | 794.3M |
| Cost of Goods Sold | 343.9M | 431.3M | 432.2M | 393.5M | 402.7M |
| Gross Profit | 692.9M | 363.4M | 414.2M | 397.4M | 391.6M |
| Operating Expenses | 258.0M | 136.7M | 128.6M | 123.7M | 112.1M |
| Operating Income | 262.5M | 63.6M | 131.8M | 129.3M | 146.0M |
| Pre-tax Income | 232.6M | 44.6M | 101.6M | 105.1M | 108.8M |
| Income Tax | 42.5M | -6.8M | 6.4M | 4.1M | 12.0M |
| Net Income | 190.1M | 51.4M | 95.3M | 101.0M | 96.8M |
| EPS (Diluted) | $3.25 | $0.91 | $1.77 | $1.96 | $1.97 |
Income Statement Trend
California Water Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 324.1M | 296.3M | 295.5M | 300.5M | 266.0M |
| Non-Current Assets | 4.9B | 4.3B | 4.0B | 3.3B | 3.1B |
| Total Assets | 5.2B | 4.6B | 4.3B | 3.6B | 3.4B |
| Liabilities | |||||
| Current Liabilities | 538.4M | 430.3M | 294.6M | 271.9M | 588.7M |
| Non-Current Liabilities | 3.0B | 2.7B | 2.6B | 2.2B | 1.9B |
| Total Liabilities | 3.5B | 3.2B | 2.9B | 2.5B | 2.5B |
| Equity | |||||
| Total Shareholders Equity | 1.6B | 1.4B | 1.3B | 1.2B | 921.3M |
Balance Sheet Composition
California Water Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 190.1M | 51.4M | 95.3M | 101.0M | 96.8M |
| Operating Cash Flow | 289.6M | 218.4M | 243.1M | 231.3M | 117.9M |
| Investing Activities | |||||
| Capital Expenditures | - | 0 | 0 | 108.0K | 0 |
| Investing Cash Flow | -4.1M | -5.7M | -7.8M | -7.7M | -47.4M |
| Financing Activities | |||||
| Dividends Paid | -65.5M | -59.0M | -54.2M | -47.4M | -41.8M |
| Financing Cash Flow | -285.3M | 51.5M | -18.9M | -430.3M | 89.9M |
| Free Cash Flow | -179.9M | -165.9M | -84.0M | -61.5M | -180.7M |
Cash Flow Trend
California Water Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
20.55
Forward P/E
20.20
Price to Book
1.70
Price to Sales
2.85
PEG Ratio
20.20
Profitability Ratios
Profit Margin
13.84%
Operating Margin
13.82%
Return on Equity
8.61%
Return on Assets
2.59%
Financial Health
Current Ratio
0.53
Debt to Equity
89.57
Beta
0.65
Per Share Data
EPS (TTM)
$2.26
Book Value per Share
$27.35
Revenue per Share
$16.43
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| cwt | 2.8B | 20.55 | 1.70 | 8.61% | 13.84% | 89.57 |
| American Water Works | 28.1B | 26.23 | 2.67 | 10.43% | 22.24% | 137.74 |
| Essential Utilities | 10.6B | 16.98 | 1.62 | 9.78% | 27.17% | 120.58 |
| American States | 3.1B | 24.64 | 3.22 | 14.00% | 20.22% | 99.07 |
| SJW | 1.9B | 18.29 | 1.34 | 7.49% | 12.89% | 133.31 |
| Aris Water Solutions | 1.4B | 29.02 | 1.93 | 8.03% | 6.15% | 65.98 |
Financial data is updated regularly. All figures are in the company's reporting currency.