California Water Service Group (CWT) Financials

$47.04 +0.02 (+0.04%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$47.05 +0.01 (+0.03%)

As of 05/27/2025 07:19 PM Eastern

Annual Income Statements for California Water Service Group

This table shows California Water Service Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	191	52	96	101	97	63	66	73	49	45
Consolidated Net Income / (Loss)	190	51	95	101	97	63	66	73	49	45
Net Income / (Loss) Continuing Operations	174	31	81	91	97	69	57	66	49	29
Total Pre-Tax Income	181	40	84	92	97	70	54	68	46	30
Total Operating Income	225	77	128	127	137	99	111	107	83	71
Total Gross Profit	891	709	747	478	352	414	517	490	559	426
Total Revenue	1,037	795	846	791	794	715	698	676	609	588
Operating Revenue	1,037	795	846	791	794	715	698	676	609	588
Total Cost of Revenue	146	86	99	313	442	300	181	186	50	163
Operating Cost of Revenue	69	65	61	277	305	255	56	51	27	49
Other Cost of Revenue	76	21	38	35	137	45	126	135	23	113
Total Operating Expenses	666	632	620	351	216	315	406	382	476	354
Selling, General & Admin Expense	140	142	133	127	117	109	101	93	88	113
Depreciation Expense	132	121	115	109	99	89	84	77	64	61
Other Operating Expenses / (Income)	394	368	372	116	-	117	222	213	325	180
Total Other Income / (Expense), net	-44	-38	-44	-35	-39	-29	-57	-40	-36	-41
Interest Expense	58	50	44	43	42	41	38	34	31	27
Other Income / (Expense), net	13	12	0.58	8.71	2.61	12	-19	-5.64	-5.73	-14
Income Tax Expense	6.55	8.41	3.11	1.29	0.58	1.39	-2.72	1.55	-2.42	0.76
Other Adjustments to Consolidated Net Income / (Loss)	16	20	14	9.90	-	-5.73	8.96	6.31	-	16
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.72	-0.54	-0.75	-0.15	0.00	0.00	-	-	-	-
Basic Earnings per Share	$3.26	$0.91	$1.77	$1.96	$1.97	$1.31	$1.36	$1.52	$1.02	$0.94
Weighted Average Basic Shares Outstanding	58.61M	56.95M	54.32M	51.63M	49.27M	48.17M	48.06M	48.01M	47.95M	47.87M
Diluted Earnings per Share	$3.25	$0.91	$1.77	$1.96	$1.97	$1.31	$1.36	$1.52	$1.01	$0.94
Weighted Average Diluted Shares Outstanding	58.65M	56.98M	54.36M	51.63M	49.27M	48.17M	48.06M	48.01M	47.96M	47.88M
Weighted Average Basic & Diluted Shares Outstanding	59.49M	57.68M	55.60M	53.71M	50.35M	48.20M	48.20M	607.80M	47.70M	47.90M
Cash Dividends to Common per Share	$1.12	$1.04	$1.00	$0.92	$0.85	$0.79	$0.75	$0.72	$0.69	$0.67

This table shows California Water Service Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	13	20	61	41	70	30	34	9.56	-22	20	56
Consolidated Net Income / (Loss)	13	19	61	40	70	30	34	9.45	-22	19	56
Net Income / (Loss) Continuing Operations	8.40	16	56	36	66	24	30	4.69	-28	12	52
Total Pre-Tax Income	10	18	58	37	68	29	31	6.14	-26	14	52
Total Operating Income	22	32	67	48	78	35	43	16	-18	26	65
Total Gross Profit	129	384	178	148	181	373	149	114	73	356	162
Total Revenue	204	222	300	244	271	215	255	194	131	201	266
Operating Revenue	204	222	300	244	271	215	255	194	131	201	266
Total Cost of Revenue	75	-162	121	97	89	-159	106	80	58	-155	104
Operating Cost of Revenue	63	-167	95	78	64	-154	92	71	55	-160	89
Other Cost of Revenue	12	5.81	26	19	25	-5.28	14	9.45	3.13	5.13	15
Total Operating Expenses	107	352	111	99	103	338	105	98	90	330	97
Selling, General & Admin Expense	34	36	35	32	36	37	34	35	36	33	33
Depreciation Expense	36	33	33	33	33	32	30	30	30	28	29
Other Operating Expenses / (Income)	37	282	43	34	35	269	41	33	25	268	35
Total Other Income / (Expense), net	-12	-15	-8.71	-11	-10	-6.65	-13	-9.81	-8.24	-12	-13
Interest Expense	16	15	14	14	15	12	13	13	12	11	11
Other Income / (Expense), net	3.41	0.35	4.89	3.21	4.89	5.69	-0.07	2.88	3.75	-0.79	-1.33
Income Tax Expense	1.70	1.99	1.94	1.31	1.32	4.11	1.06	1.45	1.79	1.90	0.35
Other Adjustments to Consolidated Net Income / (Loss)	4.80	3.74	4.45	4.34	3.27	5.46	4.78	4.76	5.22	-	3.74
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.13	-0.20	-0.13	-0.17	-0.23	-0.19	-0.11	-0.11	-0.12	-0.10	-0.19
Basic Earnings per Share	$0.22	$0.32	$1.03	$0.70	$1.21	$0.54	$0.60	$0.17	($0.40)	$0.36	$1.03
Weighted Average Basic Shares Outstanding	59.51M	58.61M	58.93M	58.29M	57.73M	56.95M	57.70M	56.69M	55.67M	54.32M	54.01M
Diluted Earnings per Share	$0.22	$0.31	$1.03	$0.70	$1.21	$0.54	$0.60	$0.17	($0.40)	$0.36	$1.03
Weighted Average Diluted Shares Outstanding	59.57M	58.65M	58.98M	58.33M	57.77M	56.98M	57.74M	56.73M	55.67M	54.36M	54.04M
Weighted Average Basic & Diluted Shares Outstanding	59.57M	59.49M	59.47M	58.83M	57.75M	57.68M	57.71M	57.70M	55.99M	55.60M	54.82M
Cash Dividends to Common per Share	$0.34	-	$0.28	$0.28	$0.28	-	$0.26	$0.26	$0.26	-	$0.25

This table details how cash moves in and out of California Water Service Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	11	-0.06	4.37	36	1.83	-4.42	-48	69	17	-11
Net Cash From Operating Activities	291	218	244	232	118	169	179	148	160	145
Net Cash From Continuing Operating Activities	291	218	244	232	118	169	179	148	160	145
Net Income / (Loss) Continuing Operations	190	51	95	101	97	63	66	73	49	45
Consolidated Net Income / (Loss)	190	51	95	101	97	63	66	73	49	45
Depreciation Expense	134	123	117	112	101	91	86	79	65	63
Amortization Expense	0.25	0.26	0.37	0.37	0.41	0.74	1.10	0.92	0.87	0.83
Non-Cash Adjustments To Reconcile Net Income	56	-3.09	19	5.36	0.76	-0.74	-4.12	-4.53	4.17	2.26
Changes in Operating Assets and Liabilities, net	-90	46	12	13	-81	14	31	-0.08	42	34
Net Cash From Investing Activities	-475	-389	-336	-301	-346	-276	-273	-207	-231	-178
Net Cash From Continuing Investing Activities	-475	-389	-336	-301	-346	-276	-273	-207	-231	-178
Acquisitions	-1.61	-2.99	-7.77	-6.45	-45	0.00	0.00	-	-	-
Other Investing Activities, net	-473	-386	-328	-296	-301	-276	-273	-207	-231	-179
Net Cash From Financing Activities	195	172	96	105	230	103	46	128	87	23
Net Cash From Continuing Financing Activities	195	172	96	105	230	103	46	128	87	23
Repayment of Debt	-478	-122	-120	-540	-172	-563	-385	-122	-95	-155
Repurchase of Common Equity	-1.44	-1.84	-2.01	-1.77	-1.68	-2.50	-1.65	-1.51	-0.74	-0.34
Payment of Dividends	-66	-60	-55	-47	-42	-38	-36	-35	-33	-32
Issuance of Debt	630	228	150	479	335	658	450	265	195	194
Issuance of Common Equity	89	115	107	198	84	20	0.00	0.00	-	-
Other Financing Activities, net	21	12	16	18	27	28	19	21	21	16
Cash Interest Paid	56	49	44	42	41	41	36	32	28	25
Cash Income Taxes Paid	27	-3.53	0.00	3.66	-	-	-	-	-	-

This table details how cash moves in and out of California Water Service Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-5.55	-9.51	23	-5.59	3.30	16	-21	3.23	1.41	-28	49
Net Cash From Operating Activities	38	68	102	94	27	74	106	17	21	44	110
Net Cash From Continuing Operating Activities	38	68	102	94	27	74	106	17	21	44	110
Net Income / (Loss) Continuing Operations	13	19	61	40	70	30	34	9.45	-22	19	56
Consolidated Net Income / (Loss)	13	19	61	40	70	30	34	9.45	-22	19	56
Depreciation Expense	36	34	34	34	33	32	30	30	30	29	30
Non-Cash Adjustments To Reconcile Net Income	-1.80	3.41	-27	81	-1.74	1.05	-1.39	-1.36	-1.40	4.76	-4.61
Changes in Operating Assets and Liabilities, net	-9.48	11	35	-61	-75	11	43	-22	14	-9.54	29
Net Cash From Investing Activities	-110	-140	-121	-105	-110	-110	-102	-95	-82	-107	-78
Net Cash From Continuing Investing Activities	-110	-140	-121	-105	-110	-110	-102	-95	-82	-107	-78
Other Investing Activities, net	-110	-139	-120	-105	-110	-110	-100	-95	-82	-106	-78
Net Cash From Financing Activities	66	62	41	4.55	87	51	-24	82	63	35	17
Net Cash From Continuing Financing Activities	66	62	41	4.55	87	51	-24	82	63	35	17
Repayment of Debt	-90	-190	-58	-160	-69	-0.27	-30	-56	-35	-59	-40
Repurchase of Common Equity	-1.11	-0.10	-0.10	-0.09	-1.14	-0.10	-0.09	-0.11	-1.54	-0.12	-0.11
Payment of Dividends	-21	-17	-16	-17	-16	-15	-15	-15	-14	-14	-14
Issuance of Debt	170	260	75	125	170	64	15	55	93	55	40
Issuance of Common Equity	0.74	0.57	35	53	0.77	0.63	0.55	95	19	48	27
Other Financing Activities, net	7.18	8.97	5.95	3.90	2.17	1.98	5.49	2.89	1.45	4.42	3.30
Cash Interest Paid	4.10	24	3.92	25	3.36	23	2.27	22	1.58	25	0.56

This table presents California Water Service Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	5,180	4,596	4,265	3,623	3,394	3,111	2,838	2,745	2,412	2,241
Total Current Assets	324	296	296	300	266	185	189	228	142	128
Cash & Equivalents	50	40	62	78	45	43	47	95	25	8.84
Restricted Cash	46	45	23	2.27	-	-	-	-	-	-
Note & Lease Receivable	74	53	54	51	54	49	51	46	42	38
Accounts Receivable	59	59	55	61	44	32	30	32	30	32
Inventories, net	21	16	13	9.51	8.83	7.75	6.59	6.46	6.29	6.34
Prepaid Expenses	20	18	22	-	18	15	12	11	7.26	7.90
Other Current Assets	56	64	67	98	96	38	42	37	30	35
Plant, Property, & Equipment, net	4,159	3,773	3,473	2,847	2,651	2,406	2,233	2,048	1,859	1,702
Plant, Property & Equipment, gross	5,400	4,925	4,536	4,197	3,890	3,550	3,229	2,970	2,717	2,507
Accumulated Depreciation	1,242	1,152	1,063	1,350	1,240	1,144	997	922	858	805
Total Noncurrent Assets	697	526	496	476	478	520	416	469	410	412
Goodwill	37	37	37	37	32	2.62	2.62	2.62	2.62	2.62
Other Noncurrent Operating Assets	660	489	460	439	446	518	414	466	408	409
Total Liabilities & Shareholders' Equity	5,180	4,596	4,265	3,623	3,394	3,111	2,838	2,745	2,412	2,241
Total Liabilities	3,542	3,165	2,942	2,451	2,473	2,331	2,108	2,045	1,752	1,599
Total Current Liabilities	538	430	295	272	589	359	321	491	250	148
Short-Term Debt	277	181	73	40	375	197	170	291	123	40
Accounts Payable	168	157	141	144	132	108	96	94	78	66
Accrued Expenses	56	60	53	43	37	39	34	37	35	31
Other Taxes Payable	6.08	4.59	8.61	5.38	4.48	4.45	4.18	3.89	3.63	3.42
Other Current Liabilities	23	22	12	33	35	4.46	12	59	4.76	2.23
Other Current Nonoperating Liabilities	8.41	6.63	6.49	6.54	6.18	5.81	5.67	6.12	5.66	5.09
Total Noncurrent Liabilities	3,004	2,735	2,648	2,179	1,884	1,973	1,786	1,555	1,502	1,451
Long-Term Debt	1,105	1,053	1,052	1,056	781	787	710	516	532	508
Asset Retirement Reserve & Litigation Obligation	815	684	628	180	181	211	211	177	39	35
Noncurrent Deferred Revenue	203	199	200	-	-	191	186	183	182	180
Noncurrent Deferred & Payable Income Tax Liabilities	411	353	330	295	276	223	215	196	301	267
Noncurrent Employee Benefit Liabilities	82	83	78	92	116	259	194	252	223	236
Other Noncurrent Operating Liabilities	389	363	359	556	531	302	271	231	226	225
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,638	1,430	1,322	1,172	921	780	730	699	659	642
Total Preferred & Common Equity	1,635	1,427	1,318	1,167	921	780	730	699	659	642
Total Common Equity	1,635	1,427	1,318	1,167	921	780	730	699	659	642
Common Stock	968	877	761	652	449	363	338	337	335	334
Retained Earnings	675	550	557	515	472	417	392	363	324	309
Accumulated Other Comprehensive Income / (Loss)	-7.22	0.00	-	-	-	-	-	-	-	-
Noncontrolling Interest	3.02	3.58	4.80	5.39	0.00	-	-	-	-	-

This table presents California Water Service Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,258	5,015	4,871	4,781	4,041	3,990	3,887	3,806
Total Current Assets	319	363	267	283	302	312	269	339
Cash & Equivalents	44	60	37	43	35	56	52	90
Restricted Cash	46	46	45	45	34	34	34	23
Note & Lease Receivable	68	76	66	47	67	62	50	66
Accounts Receivable	54	81	71	51	79	63	47	79
Inventories, net	20	20	18	17	15	14	13	11
Prepaid Expenses	25	21	24	24	19	22	23	15
Other Current Assets	62	59	5.50	56	53	61	50	55
Plant, Property, & Equipment, net	4,230	4,041	3,942	3,849	3,248	3,178	3,103	2,988
Plant, Property & Equipment, gross	5,498	5,264	5,142	5,023	4,817	4,715	4,612	4,422
Accumulated Depreciation	1,268	1,223	1,199	1,174	1,569	1,538	1,509	1,435
Total Noncurrent Assets	708	611	662	649	491	501	514	480
Goodwill	37	37	37	37	37	37	37	37
Other Noncurrent Operating Assets	671	574	625	612	454	464	477	443
Total Liabilities & Shareholders' Equity	5,258	5,015	4,871	4,781	4,041	3,990	3,887	3,806
Total Liabilities	3,626	3,383	3,324	3,310	2,626	2,596	2,584	2,528
Total Current Liabilities	604	571	513	508	381	363	350	323
Short-Term Debt	357	261	246	281	117	132	133	76
Accounts Payable	141	172	144	120	153	138	120	158
Accrued Expenses	60	97	103	72	67	56	63	62
Other Taxes Payable	6.71	-	-	-	-	-	-	-
Other Current Liabilities	19	24	13	17	26	29	17	9.68
Other Current Nonoperating Liabilities	20	17	6.67	18	18	7.16	17	17
Total Noncurrent Liabilities	3,022	2,813	2,811	2,802	2,245	2,234	2,234	2,206
Long-Term Debt	1,104	1,052	1,052	1,052	1,052	1,052	1,052	1,054
Asset Retirement Reserve & Litigation Obligation	827	735	743	-	-	-	-	-
Noncurrent Deferred Revenue	202	201	200	198	201	200	199	199
Noncurrent Deferred & Payable Income Tax Liabilities	416	366	364	370	333	328	326	312
Noncurrent Employee Benefit Liabilities	82	83	83	83	81	80	79	96
Other Noncurrent Operating Liabilities	390	376	370	1,099	579	573	576	544
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,632	1,632	1,548	1,471	1,415	1,394	1,303	1,278
Total Preferred & Common Equity	1,629	1,629	1,545	1,467	1,411	1,390	1,298	1,273
Total Common Equity	1,629	1,629	1,545	1,467	1,411	1,390	1,298	1,273
Common Stock	968	966	930	877	876	875	778	712
Retained Earnings	668	672	628	603	534	515	520	562
Accumulated Other Comprehensive Income / (Loss)	-7.06	-9.20	-13	-13	-	-	-	-
Noncontrolling Interest	2.74	3.04	3.09	3.41	4.33	4.45	4.79	4.87

This table displays calculated financial ratios and metrics derived from California Water Service Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	30.48%	-6.12%	7.02%	-0.43%	11.16%	2.34%	3.27%	10.95%	3.57%	-1.53%
EBITDA Growth	75.19%	-13.50%	-0.59%	2.83%	18.26%	13.98%	-1.35%	26.56%	18.05%	-8.02%
EBIT Growth	166.68%	-30.30%	-5.34%	-2.72%	24.99%	21.51%	-9.60%	31.91%	34.66%	-15.47%
NOPAT Growth	257.07%	-50.58%	-1.66%	-7.98%	39.41%	-16.08%	10.98%	20.34%	25.39%	-12.60%
Net Income Growth	269.99%	-46.07%	-5.66%	4.28%	53.42%	-3.76%	-10.09%	49.85%	8.13%	-20.66%
EPS Growth	257.14%	-48.59%	-9.69%	-0.51%	50.38%	-3.68%	-10.53%	50.50%	7.45%	-21.01%
Operating Cash Flow Growth	33.54%	-10.65%	5.20%	96.50%	-30.14%	-5.71%	21.09%	-7.85%	10.67%	13.14%
Free Cash Flow Firm Growth	15.69%	-192.80%	-78.88%	83.24%	-191.12%	-72.32%	-94.89%	16.71%	-318.62%	-127.21%
Invested Capital Growth	13.44%	9.10%	8.02%	7.58%	18.09%	10.08%	10.68%	9.48%	9.16%	6.70%
Revenue Q/Q Growth	0.75%	1.74%	3.37%	-1.96%	1.57%	1.34%	-0.54%	3.09%	2.09%	0.18%
EBITDA Q/Q Growth	-1.71%	9.70%	6.20%	-3.45%	1.53%	9.71%	-3.94%	-0.55%	16.72%	0.09%
EBIT Q/Q Growth	-3.38%	20.86%	11.30%	-7.97%	0.43%	16.85%	-10.20%	-4.90%	33.11%	-2.82%
NOPAT Q/Q Growth	-0.38%	17.90%	12.18%	-10.27%	3.52%	-7.47%	1.96%	-5.50%	31.87%	-1.72%
Net Income Q/Q Growth	-5.22%	25.59%	20.24%	-10.67%	4.49%	-6.00%	-5.83%	6.32%	15.72%	-6.09%
EPS Q/Q Growth	-6.61%	24.66%	19.59%	-12.11%	5.35%	-5.76%	-6.21%	7.04%	14.77%	-6.00%
Operating Cash Flow Q/Q Growth	-2.10%	16.21%	-3.42%	15.62%	-14.00%	-10.15%	13.62%	0.98%	5.37%	0.33%
Free Cash Flow Firm Q/Q Growth	-23.16%	8.13%	-164.48%	57.66%	-15.31%	-98.51%	-118.53%	63.94%	41.23%	-205.16%
Invested Capital Q/Q Growth	2.69%	2.10%	2.50%	0.52%	3.35%	2.25%	1.01%	-0.39%	2.58%	2.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	85.93%	89.21%	88.30%	60.46%	44.34%	57.96%	74.03%	72.50%	91.73%	72.35%
EBITDA Margin	35.95%	26.78%	29.06%	31.28%	30.29%	28.47%	25.57%	26.76%	23.46%	20.59%
Operating Margin	21.71%	9.71%	15.08%	16.03%	17.21%	13.91%	15.83%	15.84%	13.56%	12.09%
EBIT Margin	22.99%	11.25%	15.15%	17.13%	17.53%	15.59%	13.13%	15.00%	12.62%	9.71%
Profit (Net Income) Margin	18.33%	6.47%	11.25%	12.77%	12.19%	8.83%	9.39%	10.79%	7.99%	7.65%
Tax Burden Percent	105.12%	129.84%	113.54%	109.44%	99.40%	89.89%	121.78%	108.04%	104.90%	150.87%
Interest Burden Percent	75.86%	44.27%	65.42%	68.10%	69.94%	63.01%	58.72%	66.55%	60.34%	52.25%
Effective Tax Rate	3.62%	21.25%	3.71%	1.39%	0.60%	1.98%	-5.05%	2.29%	-5.21%	2.55%
Return on Invested Capital (ROIC)	7.86%	2.45%	5.39%	5.91%	7.21%	5.91%	7.78%	7.72%	7.01%	6.04%
ROIC Less NNEP Spread (ROIC-NNEP)	5.67%	1.60%	2.71%	3.66%	3.44%	2.07%	1.28%	3.03%	0.52%	1.31%
Return on Net Nonoperating Assets (RNNOA)	4.53%	1.28%	2.25%	3.74%	4.17%	2.45%	1.40%	3.02%	0.47%	1.06%
Return on Equity (ROE)	12.39%	3.73%	7.64%	9.65%	11.38%	8.36%	9.18%	10.74%	7.48%	7.10%
Cash Return on Invested Capital (CROIC)	-4.74%	-6.26%	-2.32%	-1.40%	-9.38%	-3.68%	-2.36%	-1.33%	-1.75%	-0.45%
Operating Return on Assets (OROA)	4.88%	2.02%	3.25%	3.86%	4.28%	3.75%	3.29%	3.93%	3.31%	2.58%
Return on Assets (ROA)	3.89%	1.16%	2.42%	2.88%	2.98%	2.12%	2.35%	2.83%	2.09%	2.03%
Return on Common Equity (ROCE)	12.36%	3.72%	7.61%	9.62%	11.38%	8.36%	9.18%	10.74%	7.48%	7.10%
Return on Equity Simple (ROE_SIMPLE)	11.62%	3.60%	7.23%	8.66%	10.51%	8.09%	8.98%	10.43%	7.38%	7.01%
Net Operating Profit after Tax (NOPAT)	217	61	123	125	136	97	116	105	87	69
NOPAT Margin	20.92%	7.64%	14.52%	15.80%	17.10%	13.64%	16.63%	15.47%	14.27%	11.78%
Net Nonoperating Expense Percent (NNEP)	2.19%	0.85%	2.67%	2.25%	3.78%	3.85%	6.49%	4.68%	6.49%	4.73%
Return On Investment Capital (ROIC_SIMPLE)	7.18%	2.28%	5.02%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	14.07%	10.79%	11.70%	39.54%	55.66%	42.04%	25.97%	27.50%	8.27%	27.65%
SG&A Expenses to Revenue	13.46%	17.90%	15.68%	16.02%	14.74%	15.20%	14.43%	13.80%	14.38%	19.22%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	64.22%	79.50%	73.21%	44.42%	27.14%	44.04%	58.19%	56.57%	78.19%	60.20%
Earnings before Interest and Taxes (EBIT)	238	89	128	135	139	111	92	101	77	57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	373	213	246	247	241	203	179	181	143	121
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.64	2.04	2.40	3.07	2.73	2.92	2.83	2.76	2.14	1.47
Price to Tangible Book Value (P/TBV)	1.67	2.09	2.47	3.17	2.83	2.93	2.84	2.77	2.15	1.48
Price to Revenue (P/Rev)	2.58	3.66	3.74	4.53	3.17	3.19	2.96	2.86	2.32	1.61
Price to Earnings (P/E)	14.02	55.96	32.97	35.45	25.97	36.08	31.56	26.47	29.06	21.02
Dividend Yield	2.49%	2.07%	1.73%	1.35%	1.68%	1.67%	1.74%	1.79%	2.34%	3.39%
Earnings Yield	7.13%	1.79%	3.03%	2.82%	3.85%	2.77%	3.17%	3.78%	3.44%	4.76%
Enterprise Value to Invested Capital (EV/IC)	1.35	1.57	1.78	2.10	1.78	1.86	1.85	1.86	1.58	1.25
Enterprise Value to Revenue (EV/Rev)	3.82	5.11	4.98	5.82	4.57	4.50	4.16	3.91	3.35	2.52
Enterprise Value to EBITDA (EV/EBITDA)	10.63	19.07	17.12	18.61	15.07	15.82	16.26	14.61	14.30	12.26
Enterprise Value to EBIT (EV/EBIT)	16.63	45.38	32.84	33.99	26.04	28.88	31.65	26.05	26.58	26.00
Enterprise Value to NOPAT (EV/NOPAT)	18.28	66.78	34.26	36.84	26.69	33.03	25.00	25.26	23.51	21.42
Enterprise Value to Operating Cash Flow (EV/OCF)	13.63	18.62	17.28	19.87	30.75	19.07	16.21	17.88	12.74	10.24
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.84	0.86	0.85	0.94	1.25	1.26	1.21	1.15	0.99	0.85
Long-Term Debt to Equity	0.67	0.74	0.80	0.90	0.85	1.01	0.97	0.74	0.81	0.79
Financial Leverage	0.80	0.80	0.83	1.02	1.21	1.18	1.09	1.00	0.91	0.81
Leverage Ratio	3.19	3.22	3.16	3.35	3.82	3.94	3.91	3.80	3.57	3.49
Compound Leverage Factor	2.42	1.42	2.07	2.28	2.67	2.48	2.29	2.53	2.16	1.82
Debt to Total Capital	45.76%	46.30%	45.98%	48.33%	55.65%	55.78%	54.65%	53.57%	49.83%	46.03%
Short-Term Debt to Total Capital	9.19%	6.78%	2.99%	1.77%	18.06%	11.17%	10.56%	19.32%	9.38%	3.33%
Long-Term Debt to Total Capital	36.57%	39.52%	42.99%	46.55%	37.60%	44.61%	44.10%	34.25%	40.45%	42.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.10%	0.13%	0.20%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.14%	53.56%	53.82%	51.44%	44.35%	44.22%	45.35%	46.43%	50.17%	53.97%
Debt to EBITDA	3.71	5.80	4.58	4.43	4.81	4.83	4.93	4.46	4.58	4.52
Net Debt to EBITDA	3.45	5.40	4.23	4.10	4.62	4.63	4.67	3.93	4.40	4.45
Long-Term Debt to EBITDA	2.96	4.95	4.28	4.27	3.25	3.87	3.98	2.85	3.72	4.19
Debt to NOPAT	6.37	20.31	9.16	8.77	8.51	10.10	7.58	7.71	7.53	7.90
Net Debt to NOPAT	5.93	18.91	8.47	8.12	8.18	9.66	7.17	6.81	7.24	7.77
Long-Term Debt to NOPAT	5.09	17.33	8.56	8.45	5.75	8.07	6.11	4.93	6.12	7.33
Altman Z-Score	0.94	0.92	1.13	1.43	1.06	1.05	1.08	1.00	0.98	0.88
Noncontrolling Interest Sharing Ratio	0.21%	0.30%	0.41%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.60	0.69	1.00	1.10	0.45	0.51	0.59	0.46	0.57	0.86
Quick Ratio	0.34	0.35	0.58	0.70	0.24	0.35	0.40	0.35	0.39	0.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-131	-155	-53	-30	-177	-61	-35	-18	-22	-5.18
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-2.27	-3.11	-1.19	-0.68	-4.22	-1.47	-0.93	-0.53	-0.71	-0.19
Operating Cash Flow to Interest Expense	5.05	4.37	5.50	5.36	2.82	4.09	4.73	4.36	5.26	5.32
Operating Cash Flow Less CapEx to Interest Expense	5.05	4.37	5.50	5.36	2.82	4.10	4.73	4.38	5.27	5.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.21	0.18	0.21	0.23	0.24	0.24	0.25	0.26	0.26	0.27
Accounts Receivable Turnover	17.58	13.89	14.61	15.09	20.88	23.02	22.35	21.55	19.72	20.53
Inventory Turnover	7.96	5.97	8.98	34.10	53.34	41.92	27.79	29.15	7.98	26.28
Fixed Asset Turnover	0.26	0.22	0.27	0.29	0.31	0.31	0.33	0.35	0.34	0.36
Accounts Payable Turnover	0.90	0.58	0.69	2.27	3.68	2.94	1.91	2.16	0.70	2.59
Days Sales Outstanding (DSO)	20.76	26.28	24.98	24.18	17.48	15.86	16.33	16.94	18.51	17.78
Days Inventory Outstanding (DIO)	45.87	61.15	40.67	10.70	6.84	8.71	13.13	12.52	45.73	13.89
Days Payable Outstanding (DPO)	406.26	634.77	525.70	161.11	99.16	123.96	190.76	168.61	522.01	141.09
Cash Conversion Cycle (CCC)	-339.62	-547.34	-460.05	-126.22	-74.83	-99.39	-161.29	-139.15	-457.77	-109.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,933	2,585	2,370	2,194	2,039	1,727	1,569	1,417	1,295	1,186
Invested Capital Turnover	0.38	0.32	0.37	0.37	0.42	0.43	0.47	0.50	0.49	0.51
Increase / (Decrease) in Invested Capital	348	216	176	155	312	158	151	123	109	75
Enterprise Value (EV)	3,964	4,057	4,211	4,605	3,626	3,218	2,902	2,643	2,044	1,485
Market Capitalization	2,675	2,905	3,166	3,584	2,515	2,277	2,070	1,931	1,414	946
Book Value per Share	$27.50	$24.72	$24.03	$22.17	$18.49	$16.20	$15.19	$14.56	$13.75	$13.41
Tangible Book Value per Share	$26.87	$24.08	$23.36	$21.47	$17.85	$16.14	$15.14	$14.51	$13.69	$13.36
Total Capital	3,020	2,664	2,448	2,268	2,078	1,764	1,610	1,506	1,315	1,190
Total Debt	1,382	1,233	1,126	1,096	1,156	984	880	807	655	548
Total Long-Term Debt	1,105	1,053	1,052	1,056	781	787	710	516	532	508
Net Debt	1,286	1,148	1,041	1,015	1,112	941	833	712	630	539
Capital Expenditures (CapEx)	0.00	0.00	0.00	-0.11	0.00	-0.03	-0.06	-0.67	-0.40	-0.32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-32	-38	-11	-12	7.88	-20	-9.63	-67	-10	11
Debt-free Net Working Capital (DFNWC)	63	47	74	69	52	23	38	28	15	19
Net Working Capital (NWC)	-214	-134	0.89	29	-323	-174	-132	-263	-108	-20
Net Nonoperating Expense (NNE)	27	9.37	28	24	39	34	51	32	38	24
Net Nonoperating Obligations (NNO)	1,295	1,155	1,047	1,022	1,118	947	839	718	635	544
Total Depreciation and Amortization (D&A)	134	123	118	112	101	92	87	80	66	64
Debt-free, Cash-free Net Working Capital to Revenue	-3.13%	-4.83%	-1.28%	-1.51%	0.99%	-2.76%	-1.38%	-9.89%	-1.70%	1.78%
Debt-free Net Working Capital to Revenue	6.10%	5.87%	8.77%	8.69%	6.60%	3.21%	5.38%	4.13%	2.49%	3.29%
Net Working Capital to Revenue	-20.66%	-16.87%	0.10%	3.61%	-40.63%	-24.35%	-18.97%	-38.91%	-17.75%	-3.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.26	$0.91	$1.77	$1.96	$1.97	$1.31	$1.36	$1.40	$1.02	$0.94
Adjusted Weighted Average Basic Shares Outstanding	58.61M	56.95M	54.32M	51.63M	49.27M	48.17M	48.06M	48.01M	47.95M	47.87M
Adjusted Diluted Earnings per Share	$3.25	$0.91	$1.77	$1.96	$1.97	$1.31	$1.36	$1.40	$1.01	$0.94
Adjusted Weighted Average Diluted Shares Outstanding	58.65M	56.98M	54.36M	51.63M	49.27M	48.17M	48.06M	48.01M	47.96M	47.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.49M	57.68M	55.60M	53.71M	50.35M	48.54M	48.07M	48.01M	47.96M	47.87M
Normalized Net Operating Profit after Tax (NOPAT)	217	61	123	125	136	97	77	104	58	69
Normalized NOPAT Margin	20.92%	7.64%	14.52%	15.79%	17.10%	13.63%	11.08%	15.38%	9.51%	11.73%
Pre Tax Income Margin	17.44%	4.98%	9.91%	11.67%	12.26%	9.83%	7.71%	9.99%	7.61%	5.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.14	1.79	2.89	3.14	3.33	2.70	2.42	2.99	2.52	2.09
NOPAT to Interest Expense	3.77	1.22	2.77	2.89	3.25	2.36	3.07	3.08	2.85	2.54
EBIT Less CapEx to Interest Expense	4.14	1.79	2.89	3.14	3.33	2.70	2.42	3.01	2.53	2.11
NOPAT Less CapEx to Interest Expense	3.77	1.22	2.77	2.90	3.25	2.36	3.07	3.10	2.86	2.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.70%	115.81%	57.25%	46.94%	43.13%	60.24%	54.96%	47.39%	67.96%	71.23%
Augmented Payout Ratio	35.45%	119.40%	59.36%	48.69%	44.87%	64.20%	57.47%	49.45%	69.49%	71.98%

This table displays calculated financial ratios and metrics derived from California Water Service Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-24.66%	3.58%	17.49%	25.90%	106.52%	6.76%	-4.25%	-5.89%	-24.22%	15.93%	3.73%
EBITDA Growth	-46.42%	-9.23%	42.63%	72.76%	597.32%	34.11%	-20.80%	-12.62%	-60.16%	34.65%	-6.85%
EBIT Growth	-68.89%	-20.36%	65.05%	172.80%	701.07%	60.52%	-31.77%	-29.71%	-211.62%	104.43%	-11.74%
NOPAT Growth	-75.67%	-5.11%	53.75%	281.21%	722.62%	32.27%	-34.95%	-54.32%	-311.12%	166.04%	-9.03%
Net Income Growth	-81.06%	-34.99%	76.41%	327.41%	412.04%	53.76%	-38.36%	-50.84%	-2,598.21%	466.68%	-10.91%
EPS Growth	-81.82%	-42.59%	71.67%	311.76%	402.50%	50.00%	-41.75%	-52.78%	-2,100.00%	414.29%	-14.17%
Operating Cash Flow Growth	44.90%	-8.38%	-3.91%	470.50%	26.44%	69.15%	-3.59%	-53.66%	-61.31%	-16.42%	-1.41%
Free Cash Flow Firm Growth	-13.36%	-71.87%	-45.46%	-13.39%	-18.36%	-21.25%	-173.90%	-95.42%	-41.69%	-4.81%	52.94%
Invested Capital Growth	10.58%	13.44%	12.79%	10.99%	13.03%	9.10%	9.53%	9.34%	8.50%	8.02%	5.94%
Revenue Q/Q Growth	-8.20%	-25.83%	22.62%	-9.77%	26.22%	-15.87%	31.40%	48.01%	-34.76%	-24.55%	29.15%
EBITDA Q/Q Growth	-5.95%	-37.11%	23.97%	-26.92%	59.33%	-1.18%	50.16%	194.96%	-69.36%	-41.65%	65.67%
EBIT Q/Q Growth	-20.97%	-54.50%	39.45%	-37.94%	102.28%	-5.71%	130.48%	236.74%	-154.02%	-59.93%	137.45%
NOPAT Q/Q Growth	-35.11%	-55.62%	38.80%	-39.14%	153.11%	-28.10%	244.17%	199.40%	-153.77%	-64.64%	141.67%
Net Income Q/Q Growth	-32.17%	-67.86%	49.97%	-42.06%	132.78%	-12.78%	263.34%	142.30%	-214.70%	-65.03%	189.79%
EPS Q/Q Growth	-29.03%	-69.90%	47.14%	-42.15%	124.07%	-10.00%	252.94%	142.50%	-211.11%	-65.05%	186.11%
Operating Cash Flow Q/Q Growth	-43.57%	-33.15%	7.86%	256.12%	-64.32%	-29.89%	540.37%	-21.07%	-52.27%	-60.04%	207.78%
Free Cash Flow Firm Q/Q Growth	15.12%	-23.00%	-13.83%	4.61%	-28.69%	-4.10%	11.27%	0.43%	-31.84%	-135.14%	36.69%
Invested Capital Q/Q Growth	3.09%	2.69%	3.12%	1.30%	5.75%	2.10%	1.48%	3.16%	2.08%	2.50%	1.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.23%	172.76%	59.47%	60.42%	66.95%	174.04%	58.38%	58.61%	55.65%	177.30%	60.92%
EBITDA Margin	30.52%	29.79%	35.13%	34.75%	42.91%	33.99%	28.94%	25.33%	12.71%	27.06%	34.99%
Operating Margin	10.95%	14.51%	22.28%	19.72%	28.77%	16.43%	17.05%	8.22%	-13.37%	13.08%	24.39%
EBIT Margin	12.63%	14.67%	23.91%	21.03%	30.57%	19.08%	17.02%	9.71%	-10.51%	12.69%	23.89%
Profit (Net Income) Margin	6.47%	8.76%	20.21%	16.53%	25.74%	13.96%	13.46%	4.87%	-17.04%	9.69%	20.91%
Tax Burden Percent	130.65%	109.92%	104.33%	108.12%	102.88%	104.74%	112.13%	153.96%	86.70%	135.22%	106.47%
Interest Burden Percent	39.23%	54.33%	81.02%	72.69%	81.83%	69.84%	70.53%	32.58%	187.05%	56.48%	82.21%
Effective Tax Rate	16.85%	11.21%	3.34%	3.50%	1.95%	14.37%	3.47%	23.55%	0.00%	13.22%	0.68%
Return on Invested Capital (ROIC)	3.07%	4.84%	8.23%	7.12%	10.23%	4.51%	5.31%	2.08%	-3.24%	4.21%	8.83%
ROIC Less NNEP Spread (ROIC-NNEP)	2.66%	4.09%	7.89%	6.59%	9.67%	4.49%	4.60%	1.83%	-4.16%	3.89%	7.98%
Return on Net Nonoperating Assets (RNNOA)	2.28%	3.27%	6.06%	5.21%	8.29%	3.59%	3.67%	1.53%	-3.66%	3.23%	6.97%
Return on Equity (ROE)	5.35%	8.11%	14.29%	12.32%	18.52%	8.10%	8.98%	3.62%	-6.90%	7.44%	15.80%
Cash Return on Invested Capital (CROIC)	-4.49%	-4.74%	-3.94%	-3.01%	-5.94%	-6.26%	-6.97%	-5.61%	-4.15%	-2.32%	-0.89%
Operating Return on Assets (OROA)	2.44%	3.11%	5.44%	4.67%	6.59%	3.42%	3.39%	2.00%	-2.25%	2.72%	5.23%
Return on Assets (ROA)	1.25%	1.86%	4.59%	3.67%	5.55%	2.50%	2.68%	1.01%	-3.64%	2.08%	4.57%
Return on Common Equity (ROCE)	5.34%	8.09%	14.26%	12.29%	18.47%	8.08%	8.95%	3.60%	-6.87%	7.41%	15.74%
Return on Equity Simple (ROE_SIMPLE)	8.20%	0.00%	12.31%	11.29%	9.77%	0.00%	2.90%	4.48%	5.55%	0.00%	6.22%
Net Operating Profit after Tax (NOPAT)	19	29	65	46	76	30	42	12	-12	23	65
NOPAT Margin	9.11%	12.89%	21.54%	19.03%	28.21%	14.07%	16.46%	6.28%	-9.36%	11.35%	24.22%
Net Nonoperating Expense Percent (NNEP)	0.41%	0.75%	0.34%	0.53%	0.56%	0.02%	0.71%	0.25%	0.93%	0.32%	0.84%
Return On Investment Capital (ROIC_SIMPLE)	0.60%	0.95%	-	-	-	1.13%	-	-	-	0.93%	-
Cost of Revenue to Revenue	36.77%	-72.76%	40.53%	39.58%	33.05%	-74.04%	41.62%	41.39%	44.35%	-77.30%	39.08%
SG&A Expenses to Revenue	16.75%	16.39%	11.83%	13.12%	13.15%	17.28%	13.42%	18.02%	27.45%	16.57%	12.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	52.28%	158.25%	37.19%	40.70%	38.18%	157.61%	41.33%	50.39%	69.02%	164.22%	36.53%
Earnings before Interest and Taxes (EBIT)	26	33	72	51	83	41	43	19	-14	25	64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	62	66	105	85	116	73	74	49	17	54	93
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.77	1.64	1.96	1.80	1.81	2.04	1.89	2.02	2.41	2.40	2.16
Price to Tangible Book Value (P/TBV)	1.81	1.67	2.00	1.85	1.85	2.09	1.94	2.08	2.49	2.47	2.23
Price to Revenue (P/Rev)	2.97	2.58	3.10	2.83	2.84	3.66	3.42	3.55	3.90	3.74	3.36
Price to Earnings (P/E)	21.48	14.02	15.85	15.91	18.41	55.96	64.58	44.81	43.11	32.97	34.42
Dividend Yield	2.44%	2.49%	2.03%	2.24%	2.31%	2.07%	2.23%	2.03%	1.79%	1.73%	1.94%
Earnings Yield	4.66%	7.13%	6.31%	6.28%	5.43%	1.79%	1.55%	2.23%	2.32%	3.03%	2.91%
Enterprise Value to Invested Capital (EV/IC)	1.41	1.35	1.54	1.45	1.43	1.57	1.49	1.57	1.75	1.78	1.63
Enterprise Value to Revenue (EV/Rev)	4.39	3.82	4.28	4.07	4.17	5.11	4.83	4.94	5.27	4.98	4.61
Enterprise Value to EBITDA (EV/EBITDA)	13.36	10.63	11.60	11.51	12.50	19.07	19.46	18.34	19.23	17.12	16.29
Enterprise Value to EBIT (EV/EBIT)	23.47	16.63	17.83	18.33	20.98	45.38	51.03	41.54	41.50	32.84	32.74
Enterprise Value to NOPAT (EV/NOPAT)	26.61	18.28	20.21	20.53	24.04	66.78	73.26	49.40	45.49	34.26	34.43
Enterprise Value to Operating Cash Flow (EV/OCF)	14.06	13.63	14.81	13.29	17.46	18.62	20.14	20.44	20.13	17.28	14.95
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.90	0.84	0.80	0.84	0.91	0.86	0.83	0.85	0.91	0.85	0.88
Long-Term Debt to Equity	0.68	0.67	0.64	0.68	0.72	0.74	0.74	0.75	0.81	0.80	0.82
Financial Leverage	0.86	0.80	0.77	0.79	0.86	0.80	0.80	0.84	0.88	0.83	0.87
Leverage Ratio	3.24	3.19	2.97	3.01	3.12	3.22	2.91	2.95	3.04	3.16	3.12
Compound Leverage Factor	1.27	1.73	2.41	2.19	2.56	2.25	2.06	0.96	5.69	1.79	2.57
Debt to Total Capital	47.25%	45.76%	44.58%	45.61%	47.55%	46.30%	45.23%	45.93%	47.64%	45.98%	46.91%
Short-Term Debt to Total Capital	11.55%	9.19%	8.86%	8.65%	10.03%	6.78%	4.52%	5.11%	5.36%	2.99%	3.15%
Long-Term Debt to Total Capital	35.70%	36.57%	35.72%	36.96%	37.52%	39.52%	40.71%	40.81%	42.29%	42.99%	43.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.09%	0.10%	0.10%	0.11%	0.12%	0.13%	0.17%	0.17%	0.19%	0.20%	0.20%
Common Equity to Total Capital	52.66%	54.14%	55.32%	54.28%	52.33%	53.56%	54.60%	53.90%	52.17%	53.82%	52.88%
Debt to EBITDA	4.59	3.71	3.46	3.73	4.27	5.80	6.03	5.55	5.38	4.58	4.88
Net Debt to EBITDA	4.31	3.45	3.18	3.49	3.99	5.40	5.67	5.13	4.99	4.23	4.39
Long-Term Debt to EBITDA	3.47	2.96	2.77	3.02	3.37	4.95	5.42	4.93	4.77	4.28	4.55
Debt to NOPAT	9.14	6.37	6.03	6.65	8.22	20.31	22.68	14.95	12.73	9.16	10.31
Net Debt to NOPAT	8.57	5.93	5.54	6.23	7.67	18.91	21.34	13.82	11.80	8.47	9.27
Long-Term Debt to NOPAT	6.90	5.09	4.83	5.39	6.48	17.33	20.42	13.29	11.29	8.56	9.62
Altman Z-Score	0.79	0.81	0.96	0.86	0.85	0.89	1.00	1.03	1.09	1.05	1.14
Noncontrolling Interest Sharing Ratio	0.20%	0.21%	0.24%	0.26%	0.30%	0.30%	0.34%	0.36%	0.41%	0.41%	0.40%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.53	0.60	0.64	0.52	0.56	0.69	0.79	0.86	0.77	1.00	1.05
Quick Ratio	0.28	0.34	0.38	0.34	0.28	0.35	0.47	0.50	0.43	0.58	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-271	-319	-259	-228	-239	-186	-178	-201	-202	-153	-65
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-17.30	-21.43	-19.07	-16.24	-15.88	-15.04	-13.94	-15.83	-16.83	-13.80	-5.75
Operating Cash Flow to Interest Expense	2.45	4.57	7.49	6.73	1.76	6.02	8.29	1.30	1.75	3.96	9.71
Operating Cash Flow Less CapEx to Interest Expense	2.45	4.57	7.49	6.73	1.76	6.02	8.29	1.30	1.75	3.96	9.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.21	0.23	0.22	0.22	0.18	0.20	0.21	0.21	0.21	0.22
Accounts Receivable Turnover	18.44	17.58	12.89	14.68	19.09	13.89	9.90	12.06	16.62	14.61	11.14
Inventory Turnover	7.06	7.96	15.52	16.44	16.05	5.97	23.73	25.52	26.19	8.98	31.87
Fixed Asset Turnover	0.24	0.26	0.28	0.28	0.27	0.22	0.25	0.26	0.27	0.27	0.28
Accounts Payable Turnover	1.01	0.90	1.69	1.84	2.02	0.58	2.02	2.24	2.39	0.69	2.12
Days Sales Outstanding (DSO)	19.80	20.76	28.31	24.86	19.12	26.28	36.87	30.26	21.96	24.98	32.77
Days Inventory Outstanding (DIO)	51.67	45.87	23.51	22.21	22.74	61.15	15.38	14.30	13.94	40.67	11.45
Days Payable Outstanding (DPO)	362.58	406.26	215.89	198.64	180.62	634.77	180.75	162.75	152.77	525.70	172.19
Cash Conversion Cycle (CCC)	-291.11	-339.62	-164.07	-151.57	-138.76	-547.34	-128.50	-118.19	-116.87	-460.05	-127.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,024	2,933	2,856	2,770	2,734	2,585	2,532	2,495	2,419	2,370	2,312
Invested Capital Turnover	0.34	0.38	0.38	0.37	0.36	0.32	0.32	0.33	0.35	0.37	0.36
Increase / (Decrease) in Invested Capital	289	348	324	274	315	216	220	213	190	176	130
Enterprise Value (EV)	4,257	3,964	4,400	4,004	3,900	4,057	3,774	3,912	4,239	4,211	3,773
Market Capitalization	2,883	2,675	3,189	2,786	2,652	2,905	2,670	2,813	3,135	3,166	2,752
Book Value per Share	$27.39	$27.50	$27.69	$26.74	$25.44	$24.72	$24.45	$24.82	$23.35	$24.03	$23.43
Tangible Book Value per Share	$26.76	$26.87	$27.06	$26.10	$24.80	$24.08	$23.81	$24.16	$22.69	$23.36	$22.75
Total Capital	3,094	3,020	2,944	2,846	2,804	2,664	2,584	2,578	2,489	2,448	2,408
Total Debt	1,462	1,382	1,312	1,298	1,333	1,233	1,169	1,184	1,186	1,126	1,130
Total Long-Term Debt	1,104	1,105	1,052	1,052	1,052	1,053	1,052	1,052	1,052	1,052	1,054
Net Debt	1,372	1,286	1,207	1,215	1,245	1,148	1,100	1,094	1,099	1,041	1,016
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-18	-32	-52	-82	-32	-38	-31	-8.64	-34	-11	-21
Debt-free Net Working Capital (DFNWC)	73	63	53	0.49	56	47	38	81	52	74	92
Net Working Capital (NWC)	-285	-214	-208	-246	-225	-134	-79	-51	-81	0.89	17
Net Nonoperating Expense (NNE)	5.38	9.17	3.96	6.10	6.68	0.24	7.64	2.75	10	3.34	8.82
Net Nonoperating Obligations (NNO)	1,392	1,295	1,224	1,222	1,263	1,155	1,117	1,101	1,116	1,047	1,034
Total Depreciation and Amortization (D&A)	36	34	34	34	33	32	30	30	30	29	30
Debt-free, Cash-free Net Working Capital to Revenue	-1.81%	-3.13%	-5.06%	-8.35%	-3.41%	-4.83%	-3.98%	-1.09%	-4.25%	-1.28%	-2.57%
Debt-free Net Working Capital to Revenue	7.48%	6.10%	5.16%	0.05%	6.04%	5.87%	4.86%	10.23%	6.50%	8.77%	11.29%
Net Working Capital to Revenue	-29.37%	-20.66%	-20.19%	-24.95%	-24.06%	-16.87%	-10.10%	-6.41%	-10.07%	0.10%	2.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.32	$1.03	$0.70	$1.21	$0.54	$0.60	$0.17	($0.40)	$0.36	$1.03
Adjusted Weighted Average Basic Shares Outstanding	59.51M	58.61M	58.93M	58.29M	57.73M	56.95M	57.70M	56.69M	55.67M	54.32M	54.01M
Adjusted Diluted Earnings per Share	$0.22	$0.31	$1.03	$0.70	$1.21	$0.54	$0.60	$0.17	($0.40)	$0.36	$1.03
Adjusted Weighted Average Diluted Shares Outstanding	59.57M	58.65M	58.98M	58.33M	57.77M	56.98M	57.74M	56.73M	55.67M	54.36M	54.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.57M	59.49M	59.47M	58.83M	57.75M	57.68M	57.71M	57.70M	55.99M	55.60M	54.82M
Normalized Net Operating Profit after Tax (NOPAT)	19	29	65	46	76	30	42	12	-12	23	65
Normalized NOPAT Margin	9.11%	12.89%	21.54%	19.03%	28.21%	14.07%	16.46%	6.28%	-9.36%	11.35%	24.22%
Pre Tax Income Margin	4.95%	7.97%	19.38%	15.29%	25.02%	13.32%	12.01%	3.16%	-19.65%	7.17%	19.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.65	2.19	5.27	3.66	5.50	3.32	3.39	1.48	-1.15	2.30	5.62
NOPAT to Interest Expense	1.19	1.92	4.75	3.31	5.08	2.44	3.28	0.96	-1.02	2.06	5.70
EBIT Less CapEx to Interest Expense	1.65	2.19	5.27	3.66	5.50	3.32	3.39	1.48	-1.15	2.30	5.62
NOPAT Less CapEx to Interest Expense	1.19	1.92	4.75	3.31	5.08	2.44	3.28	0.96	-1.02	2.06	5.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	52.74%	34.70%	32.15%	36.14%	42.68%	115.81%	141.86%	90.93%	77.13%	57.25%	66.99%
Augmented Payout Ratio	53.79%	35.45%	32.87%	36.96%	43.69%	119.40%	146.41%	93.95%	79.74%	59.36%	69.59%

Frequently Asked Questions About California Water Service Group's Financials

When does California Water Service Group's financial year end?

According to the most recent income statement we have on file, California Water Service Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has California Water Service Group's net income changed over the last 9 years?

California Water Service Group's net income appears to be on an upward trend, with a most recent value of $190.09 million in 2024, rising from $45.02 million in 2015. The previous period was $51.38 million in 2023. See where experts think California Water Service Group is headed by visiting California Water Service Group's forecast page.

What is California Water Service Group's operating income?

California Water Service Group's total operating income in 2024 was $225.05 million, based on the following breakdown:

Total Gross Profit: $890.88 million
Total Operating Expenses: $665.83 million

How has California Water Service Group revenue changed over the last 9 years?

Over the last 9 years, California Water Service Group's total revenue changed from $588.37 million in 2015 to $1.04 billion in 2024, a change of 76.2%.

How much debt does California Water Service Group have?

California Water Service Group's total liabilities were at $3.54 billion at the end of 2024, a 11.9% increase from 2023, and a 121.5% increase since 2015.

How much cash does California Water Service Group have?

In the past 9 years, California Water Service Group's cash and equivalents has ranged from $8.84 million in 2015 to $94.78 million in 2017, and is currently $50.12 million as of their latest financial filing in 2024.

How has California Water Service Group's book value per share changed over the last 9 years?

Over the last 9 years, California Water Service Group's book value per share changed from 13.41 in 2015 to 27.50 in 2024, a change of 105.0%.

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This page (NYSE:CWT) was last updated on 5/28/2025 by MarketBeat.com Staff

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California Water Service Group (CWT) Financials

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California Water Service Group (CWT) Financials

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