SJW Group (SJW) Financials

Annual Income Statements for SJW Group

This table shows SJW 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	2014
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	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	94	85	74	60	62	23	39	59	53	38	52
Consolidated Net Income / (Loss)	94	85	74	60	62	24	39	61	53	38	52
Net Income / (Loss) Continuing Operations	94	85	74	60	62	24	39	61	53	38	52
Total Pre-Tax Income	103	91	82	69	70	32	49	96	86	61	77
Total Operating Income	171	149	131	111	118	57	73	102	97	80	93
Total Gross Profit	713	636	588	543	535	401	383	376	328	293	309
Total Revenue	748	670	621	574	565	420	398	389	340	305	320
Operating Revenue	748	670	621	574	565	420	398	389	340	305	320
Total Cost of Revenue	36	34	33	31	30	19	15	14	12	12	11
Other Cost of Revenue	36	34	33	31	30	19	15	14	12	12	11
Total Operating Expenses	542	486	457	432	417	344	309	274	230	213	216
Selling, General & Admin Expense	106	99	95	87	80	66	49	49	42	47	41
Depreciation Expense	113	106	104	94	89	66	55	48	45	41	38
Other Operating Expenses / (Income)	323	282	264	255	248	196	187	177	144	126	137
Other Special Charges / (Income)	0.00	0.00	-6.20	-7.49	0.00	0.00	-	-	-	-	-
Total Other Income / (Expense), net	-68	-58	-49	-42	-48	-25	-25	-5.36	-11	-19	-16
Interest Expense	71	66	53	53	54	35	27	23	22	22	21
Other Income / (Expense), net	3.82	7.65	4.39	11	6.48	3.02	2.35	5.07	11	3.21	4.50
Income Tax Expense	8.97	5.96	8.50	8.37	8.38	8.45	10	35	34	23	25
Basic Earnings per Share	$2.87	$2.69	$2.44	$2.04	$2.16	$0.82	$1.83	$2.89	$2.59	$1.86	$2.56
Weighted Average Basic Shares Outstanding	32.70M	31.58M	30.30M	29.60M	28.52M	28.44M	21.21M	20.51M	20.44M	20.36M	20.23M
Diluted Earnings per Share	$2.87	$2.68	$2.43	$2.03	$2.14	$0.82	$1.82	$2.86	$2.57	$1.85	$2.54
Weighted Average Diluted Shares Outstanding	32.78M	31.66M	30.42M	29.74M	28.69M	28.56M	21.33M	20.69M	20.59M	20.52M	20.42M
Weighted Average Basic & Diluted Shares Outstanding	33.67M	32.06M	30.85M	30.23M	28.60M	28.50M	21.20M	20.50M	20.40M	20.40M	20.20M
Cash Dividends to Common per Share	$1.60	$1.52	$1.44	$1.36	$1.28	$1.20	$1.12	$1.04	$0.81	$0.78	$0.75

This table shows SJW 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	17	23	39	21	12	19	36	18	12	33	25
Consolidated Net Income / (Loss)	17	23	39	21	12	19	36	18	12	33	25
Net Income / (Loss) Continuing Operations	17	23	39	21	12	19	36	18	12	33	25
Total Pre-Tax Income	20	24	41	24	14	21	41	17	13	38	25
Total Operating Income	36	44	58	41	28	36	57	31	25	50	38
Total Gross Profit	158	189	216	168	141	162	196	149	129	163	168
Total Revenue	168	198	225	176	149	171	205	157	137	171	176
Operating Revenue	168	198	225	176	149	171	205	157	137	171	176
Total Cost of Revenue	9.20	9.32	9.36	8.42	8.83	9.38	8.80	7.90	8.40	8.33	8.35
Other Cost of Revenue	9.20	9.32	9.36	8.42	8.83	9.38	8.80	7.90	8.40	8.33	8.35
Total Operating Expenses	123	145	157	127	113	125	139	118	104	113	130
Selling, General & Admin Expense	28	34	26	20	26	27	24	24	24	24	24
Depreciation Expense	28	29	27	28	28	27	26	26	26	26	26
Other Operating Expenses / (Income)	66	82	104	78	58	72	89	68	53	63	81
Total Other Income / (Expense), net	-16	-20	-18	-16	-14	-16	-16	-14	-13	-12	-12
Interest Expense	17	19	17	18	18	17	17	16	16	12	14
Other Income / (Expense), net	0.80	-0.72	-1.20	2.14	3.60	1.35	0.92	2.12	3.27	-0.22	1.85
Income Tax Expense	3.47	1.09	1.93	3.72	2.23	1.83	4.56	-1.51	1.08	4.84	0.22
Basic Earnings per Share	$0.49	$0.70	$1.17	$0.64	$0.36	$0.60	$1.14	$0.58	$0.37	$1.11	$0.83
Weighted Average Basic Shares Outstanding	33.78M	32.70M	32.90M	32.40M	32.08M	31.58M	31.86M	31.50M	30.94M	30.30M	30.27M
Diluted Earnings per Share	$0.49	$0.70	$1.17	$0.64	$0.36	$0.60	$1.13	$0.58	$0.37	$1.11	$0.82
Weighted Average Diluted Shares Outstanding	33.87M	32.78M	32.98M	32.46M	32.14M	31.66M	31.93M	31.59M	31.04M	30.42M	30.39M
Weighted Average Basic & Diluted Shares Outstanding	34.18M	33.67M	33.25M	32.71M	32.23M	32.06M	31.93M	31.77M	31.43M	30.85M	30.32M
Cash Dividends to Common per Share	$0.42	-	$0.40	$0.40	$0.40	-	$0.38	$0.38	$0.38	-	$0.36

This table details how cash moves in and out of SJW 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	2014
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	12/31/2014
Net Change in Cash & Equivalents	1.39	-2.62	0.23	2.85	-8.68	-403	413	-18	20	2.84	0.10
Net Cash From Operating Activities	196	191	166	130	104	130	91	101	115	98	66
Net Cash From Continuing Operating Activities	196	191	166	130	104	130	91	101	115	98	66
Net Income / (Loss) Continuing Operations	94	85	74	60	62	24	39	61	53	38	52
Consolidated Net Income / (Loss)	94	85	74	60	62	24	39	61	53	38	52
Depreciation Expense	115	108	106	96	92	68	57	51	46	42	39
Non-Cash Adjustments To Reconcile Net Income	-19	7.31	-0.45	-8.87	-1.67	5.35	-4.65	-14	11	2.28	-43
Changes in Operating Assets and Liabilities, net	5.94	-9.60	-14	-18	-47	33	0.31	3.71	4.38	16	18
Net Cash From Investing Activities	-340	-322	-244	-260	-214	-1,018	-147	-114	-122	-111	-98
Net Cash From Continuing Investing Activities	-340	-322	-244	-260	-214	-1,018	-147	-114	-122	-111	-98
Purchase of Property, Plant & Equipment	-0.03	-24	-0.63	-0.83	-0.44	-0.14	-136	-141	-129	-97	-92
Acquisitions	0.00	-7.54	-0.43	-24	0.00	-835	-	-	-	-	-
Other Investing Activities, net	-340	-290	-243	-236	-215	-183	-15	-12	-18	-15	-13
Net Cash From Financing Activities	146	129	78	133	102	485	468	-4.79	28	15	32
Net Cash From Continuing Financing Activities	146	129	78	133	102	485	468	-4.79	28	15	32
Repayment of Debt	-344	-140	-152	-285	-244	-195	-6.78	-53	-102	-79	-70
Payment of Dividends	-52	-48	-44	-40	-37	-34	-23	-21	-17	-16	-15
Issuance of Debt	427	216	214	344	361	695	76	57	132	98	107
Issuance of Common Equity	85	81	39	91	0.00	-0.01	411	0.00	0.00	-	1.92
Other Financing Activities, net	30	20	21	24	21	19	11	13	14	12	8.03
Cash Interest Paid	143	132	123	58	60	32	27	25	24	24	21
Cash Income Taxes Paid	-0.60	23	6.85	8.47	10	16	14	34	28	9.72	6.32

This table details how cash moves in and out of SJW 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	13	7.15	-19	18	-5.18	-11	-4.41	2.14	11	-0.85	0.54
Net Cash From Operating Activities	43	41	54	49	51	32	62	47	51	37	46
Net Cash From Continuing Operating Activities	43	41	54	49	51	32	62	47	51	37	46
Net Income / (Loss) Continuing Operations	17	23	39	21	12	19	36	18	12	33	25
Consolidated Net Income / (Loss)	17	23	39	21	12	19	36	18	12	33	25
Depreciation Expense	30	29	28	29	29	28	27	27	27	27	26
Non-Cash Adjustments To Reconcile Net Income	-1.43	-36	6.81	16	-6.26	-8.09	11	11	-6.95	-6.48	2.37
Changes in Operating Assets and Liabilities, net	-1.57	25	-20	-16	17	-6.93	-12	-9.67	19	-17	-7.69
Net Cash From Investing Activities	-85	-107	-102	-57	-74	-81	-116	-70	-55	-63	-64
Net Cash From Continuing Investing Activities	-85	-107	-102	-57	-74	-81	-116	-70	-55	-63	-64
Other Investing Activities, net	-85	-67	-102	-97	-74	-80	-85	-70	-55	-63	-64
Net Cash From Financing Activities	54	73	29	26	18	38	50	26	15	25	19
Net Cash From Continuing Financing Activities	54	73	29	26	18	38	50	26	15	25	19
Repayment of Debt	-35	-66	-130	-58	-91	-2.25	-19	-17	-101	-48	-42
Payment of Dividends	-14	-13	-13	-13	-13	-12	-12	-12	-12	-11	-11
Issuance of Debt	67	121	130	64	113	44	63	28	82	46	64
Issuance of Common Equity	27	22	31	25	7.01	5.38	12	23	41	36	3.11
Other Financing Activities, net	9.16	9.92	11	7.04	1.67	2.92	7.04	4.70	5.01	1.55	4.99
Cash Interest Paid	32	41	64	22	16	46	55	20	12	80	12
Cash Income Taxes Paid	-0.68	-1.89	0.59	0.53	0.18	22	0.16	0.46	0.20	6.28	0.11

This table presents SJW 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	2014
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	12/31/2014
Total Assets	4,658	4,345	3,755	3,492	3,311	3,132	1,956	1,458	1,443	1,337	1,269
Total Current Assets	191	198	158	134	127	122	503	67	100	73	68
Cash & Equivalents	11	9.72	12	11	5.27	13	421	7.80	6.35	5.24	2.40
Note & Lease Receivable	68	53	51	49	49	43	29	29	28	20	21
Accounts Receivable	69	68	59	54	47	36	19	17	16	16	15
Prepaid Expenses	10	11	9.75	9.67	8.10	6.63	-	-	-	-	-
Current Deferred & Refundable Income Taxes	5.95	5.19	0.00	2.31	7.04	8.84	1.89	7.98	9.80	11	8.87
Other Current Assets	27	51	26	7.53	6.87	9.40	32	4.75	20	21	20
Plant, Property, & Equipment, net	3,489	3,171	2,671	2,539	2,335	2,206	1,373	1,284	1,197	1,098	1,025
Plant, Property & Equipment, gross	4,525	4,152	3,912	3,691	3,438	3,169	1,992	1,849	1,729	1,599	1,487
Accumulated Depreciation	1,037	982	1,241	1,152	1,060	976	619	564	532	501	462
Total Noncurrent Assets	980	989	925	819	806	818	81	107	147	166	176
Long-Term Investments	1.31	13	-	-	-	-	-	4.54	3.39	6.03	6.38
Goodwill	640	640	640	640	628	628	1.68	-	-	-	-
Intangible Assets	0.00	28	0.00	-	-	-	-	-	-	-	-
Employee Benefit Assets	66	34	17	-	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	272	274	268	179	178	189	79	102	144	160	164
Total Liabilities & Shareholders' Equity	4,658	4,345	3,755	3,492	3,311	3,132	1,956	1,458	1,443	1,337	1,269
Total Liabilities	3,291	3,112	2,644	2,458	2,394	2,242	1,067	995	1,022	954	909
Total Current Liabilities	261	343	268	203	351	235	164	85	64	80	45
Short-Term Debt	123	220	164	102	251	139	100	25	14	38	14
Accounts Payable	56	46	30	30	34	35	25	23	19	16	7.00
Accrued Expenses	25	24	20	17	19	17	14	14	11	7.16	6.03
Current Employee Benefit Liabilities	15	12	12	12	14	12	7.18	6.01	4.70	4.20	3.76
Other Current Liabilities	24	24	27	28	19	18	9.12	7.93	6.98	6.16	6.16
Other Current Nonoperating Liabilities	17	16	14	14	13	13	7.13	6.87	6.31	6.19	6.36
Total Noncurrent Liabilities	3,030	2,769	2,376	2,255	2,044	2,008	903	910	958	874	864
Long-Term Debt	1,707	1,527	1,492	1,493	1,288	1,284	431	431	433	377	384
Asset Retirement Reserve & Litigation Obligation	484	461	119	-	-	-	59	62	0.00	-	-
Noncurrent Deferred Revenue	155	147	138	131	125	112	81	84	85	77	73
Noncurrent Deferred & Payable Income Tax Liabilities	276	239	218	200	191	196	80	86	205	199	186
Noncurrent Employee Benefit Liabilities	45	47	60	90	122	108	70	73	70	70	74
Other Noncurrent Operating Liabilities	363	349	350	341	318	308	182	174	165	151	147
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,367	1,233	1,111	1,035	917	890	889	463	422	384	360
Total Preferred & Common Equity	1,367	1,233	1,111	1,035	917	890	889	463	422	384	360
Total Common Equity	1,367	1,233	1,111	1,035	917	890	889	463	422	384	360
Common Stock	828	736	651	606	510	507	495	85	82	79	77
Retained Earnings	537	495	458	428	408	383	394	376	338	302	281
Accumulated Other Comprehensive Income / (Loss)	1.96	1.79	1.48	-0.16	-1.06	0.13	0.00	2.20	1.52	2.31	2.52

This table presents SJW 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	4,729	4,552	4,439	4,368	3,843	3,712	3,652	3,605
Total Current Assets	197	187	173	178	229	201	194	158
Cash & Equivalents	24	3.97	23	4.54	21	25	23	13
Note & Lease Receivable	65	75	63	47	67	55	46	61
Accounts Receivable	66	76	70	63	70	59	56	64
Prepaid Expenses	13	15	9.86	13	15	9.15	11	13
Current Deferred & Refundable Income Taxes	4.51	11	0.00	2.91	-	-	-	0.00
Other Current Assets	24	6.16	6.88	49	56	53	57	7.00
Plant, Property, & Equipment, net	3,549	3,407	3,297	3,222	2,765	2,704	2,655	2,634
Plant, Property & Equipment, gross	4,609	4,454	4,313	4,216	4,070	3,982	3,906	3,858
Accumulated Depreciation	1,059	1,048	1,030	1,007	1,305	1,277	1,250	1,224
Total Noncurrent Assets	982	959	983	981	863	806	803	813
Goodwill	640	640	640	640	640	640	640	640
Employee Benefit Assets	68	39	37	34	-	-	-	-
Other Noncurrent Operating Assets	274	278	264	264	181	166	163	172
Total Liabilities & Shareholders' Equity	4,729	4,552	4,439	4,368	3,843	3,712	3,652	3,605
Total Liabilities	3,331	3,218	3,165	3,127	2,623	2,529	2,500	2,555
Total Current Liabilities	297	244	350	323	308	238	213	319
Short-Term Debt	171	101	227	220	172	128	117	204
Accounts Payable	47	44	38	34	36	36	26	30
Accrued Expenses	23	38	33	17	33	23	12	28
Current Employee Benefit Liabilities	9.82	12	11	8.82	11	10	9.08	12
Other Current Liabilities	25	28	25	24	25	21	26	24
Other Current Nonoperating Liabilities	20	20	16	19	19	16	19	18
Total Noncurrent Liabilities	3,035	2,974	2,815	2,804	2,315	2,291	2,287	2,237
Long-Term Debt	1,691	1,674	1,550	1,550	1,534	1,519	1,520	1,454
Asset Retirement Reserve & Litigation Obligation	494	474	475	470	-	-	-	-
Noncurrent Deferred Revenue	162	151	144	141	144	140	138	141
Noncurrent Deferred & Payable Income Tax Liabilities	280	268	241	240	235	229	220	208
Noncurrent Employee Benefit Liabilities	44	48	48	47	51	53	56	90
Other Noncurrent Operating Liabilities	363	360	357	355	352	350	353	344
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,397	1,334	1,275	1,240	1,220	1,183	1,152	1,049
Total Preferred & Common Equity	1,397	1,334	1,275	1,240	1,220	1,183	1,152	1,049
Total Common Equity	1,397	1,334	1,275	1,240	1,220	1,183	1,152	1,049
Common Stock	856	805	771	745	730	717	693	614
Retained Earnings	540	528	502	494	489	464	458	436
Accumulated Other Comprehensive Income / (Loss)	1.96	1.35	1.35	1.35	1.90	1.58	1.57	-0.77

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
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	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.65%	8.00%	8.19%	1.62%	34.26%	5.73%	2.18%	14.58%	11.35%	-4.56%	15.46%
EBITDA Growth	9.11%	9.69%	10.75%	1.19%	67.28%	-2.79%	-15.71%	1.88%	23.12%	-8.31%	47.50%
EBIT Growth	10.97%	16.05%	11.08%	-1.85%	105.21%	-20.17%	-29.12%	-1.20%	30.12%	-14.59%	73.28%
NOPAT Growth	11.46%	18.89%	20.29%	-5.71%	144.64%	-27.39%	-9.60%	8.21%	20.33%	-20.97%	91.45%
Net Income Growth	10.57%	15.11%	22.07%	-1.69%	160.36%	-39.05%	-36.55%	15.63%	39.48%	-26.88%	131.44%
EPS Growth	7.09%	10.29%	19.70%	-5.14%	160.98%	-54.95%	-36.36%	11.28%	38.92%	-27.17%	126.79%
Operating Cash Flow Growth	2.46%	14.82%	27.81%	24.98%	-19.96%	42.33%	-9.66%	-11.75%	16.73%	48.92%	3.92%
Free Cash Flow Firm Growth	22.85%	-308.48%	83.63%	-1,393.35%	100.71%	-3,534.63%	-1,318.28%	-136.77%	7.97%	142.32%	-5.56%
Invested Capital Growth	7.24%	7.89%	5.20%	8.91%	4.07%	130.54%	10.21%	7.91%	6.66%	5.77%	11.49%
Revenue Q/Q Growth	3.67%	-0.01%	5.37%	0.71%	1.78%	6.89%	1.32%	3.79%	-2.39%	6.39%	0.64%
EBITDA Q/Q Growth	1.94%	-5.80%	8.17%	4.16%	12.46%	-6.14%	2.28%	-4.56%	-2.41%	14.63%	4.43%
EBIT Q/Q Growth	2.27%	-9.94%	13.64%	6.18%	21.65%	-20.19%	1.77%	-7.43%	-4.23%	22.52%	5.46%
NOPAT Q/Q Growth	5.58%	-6.80%	16.95%	1.37%	25.83%	-20.35%	3.82%	0.35%	-9.15%	29.46%	0.76%
Net Income Q/Q Growth	4.41%	-14.62%	32.56%	3.56%	43.91%	154.68%	-48.93%	6.22%	-4.46%	38.37%	1.99%
EPS Q/Q Growth	3.61%	-15.99%	25.91%	7.98%	43.62%	-41.01%	-20.18%	6.32%	-4.81%	39.10%	1.60%
Operating Cash Flow Q/Q Growth	5.35%	-2.71%	4.44%	-2.73%	-4.84%	19.37%	5.17%	-19.50%	11.52%	6.28%	6.11%
Free Cash Flow Firm Q/Q Growth	-14.56%	-25.16%	22.03%	-58.86%	100.71%	-5,043.53%	-25.59%	-130.40%	6,451.78%	-48.96%	42.68%
Invested Capital Q/Q Growth	2.52%	2.14%	2.10%	1.76%	0.02%	120.24%	3.15%	2.41%	1.28%	3.05%	0.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	95.20%	94.86%	94.75%	94.60%	94.71%	95.47%	96.23%	96.50%	96.43%	96.18%	96.53%
EBITDA Margin	38.66%	39.56%	38.96%	38.06%	38.22%	30.68%	33.37%	40.45%	45.48%	41.14%	42.82%
Operating Margin	22.78%	22.29%	21.10%	19.38%	20.84%	13.67%	18.47%	26.17%	28.68%	26.21%	29.05%
EBIT Margin	23.29%	23.43%	21.81%	21.24%	21.99%	14.39%	19.06%	27.47%	31.86%	27.26%	30.46%
Profit (Net Income) Margin	12.56%	12.68%	11.89%	10.54%	10.90%	5.62%	9.75%	15.70%	15.55%	12.42%	16.21%
Tax Burden Percent	91.29%	93.45%	89.68%	87.84%	88.01%	73.65%	79.39%	63.32%	61.17%	61.95%	67.48%
Interest Burden Percent	59.05%	57.89%	60.82%	56.50%	56.30%	53.03%	64.43%	90.25%	79.82%	73.53%	78.85%
Effective Tax Rate	8.71%	6.55%	10.32%	12.16%	11.99%	26.35%	20.61%	36.68%	38.83%	38.05%	32.52%
Return on Invested Capital (ROIC)	5.03%	4.85%	4.35%	3.87%	4.37%	2.54%	6.07%	7.33%	7.26%	6.41%	8.80%
ROIC Less NNEP Spread (ROIC-NNEP)	1.59%	1.65%	1.67%	1.47%	1.50%	0.13%	-0.80%	6.55%	5.65%	3.50%	5.88%
Return on Net Nonoperating Assets (RNNOA)	2.20%	2.40%	2.53%	2.33%	2.44%	0.11%	-0.34%	6.48%	5.86%	3.77%	6.41%
Return on Equity (ROE)	7.23%	7.25%	6.88%	6.20%	6.81%	2.66%	5.73%	13.81%	13.12%	10.18%	15.21%
Cash Return on Invested Capital (CROIC)	-1.96%	-2.73%	-0.71%	-4.66%	0.38%	-76.44%	-3.64%	-0.28%	0.82%	0.80%	-2.06%
Operating Return on Assets (OROA)	3.87%	3.88%	3.74%	3.58%	3.85%	2.38%	4.44%	7.37%	7.78%	6.38%	8.19%
Return on Assets (ROA)	2.09%	2.10%	2.04%	1.78%	1.91%	0.93%	2.27%	4.21%	3.80%	2.91%	4.35%
Return on Common Equity (ROCE)	7.23%	7.25%	6.88%	6.20%	6.81%	2.66%	5.73%	13.81%	13.12%	10.18%	15.21%
Return on Equity Simple (ROE_SIMPLE)	6.87%	6.89%	6.65%	5.85%	6.71%	2.65%	4.36%	13.19%	12.53%	9.87%	14.38%
Net Operating Profit after Tax (NOPAT)	156	140	117	98	104	42	58	64	60	50	63
NOPAT Margin	20.80%	20.83%	18.92%	17.02%	18.35%	10.07%	14.66%	16.57%	17.55%	16.24%	19.60%
Net Nonoperating Expense Percent (NNEP)	3.44%	3.21%	2.68%	2.40%	2.87%	2.41%	6.87%	0.77%	1.62%	2.91%	2.93%
Return On Investment Capital (ROIC_SIMPLE)	4.87%	4.69%	4.25%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	4.80%	5.14%	5.25%	5.40%	5.29%	4.53%	3.77%	3.50%	3.57%	3.82%	3.47%
SG&A Expenses to Revenue	14.14%	14.72%	15.37%	15.22%	14.13%	15.77%	12.30%	12.57%	12.23%	15.45%	12.69%
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	72.42%	72.57%	73.65%	75.23%	73.86%	81.80%	77.77%	70.33%	67.75%	69.97%	67.48%
Earnings before Interest and Taxes (EBIT)	174	157	135	122	124	60	76	107	108	83	97
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	289	265	242	218	216	129	133	157	155	125	137
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.19	1.63	2.09	1.98	1.99	2.05	1.14	2.45	2.31	1.31	1.47
Price to Tangible Book Value (P/TBV)	2.23	3.56	4.94	5.20	6.30	6.97	1.14	2.45	2.31	1.31	1.47
Price to Revenue (P/Rev)	2.17	3.00	3.75	3.57	3.23	4.34	2.55	2.92	2.87	1.65	1.65
Price to Earnings (P/E)	17.27	23.69	31.49	33.87	29.61	77.89	26.19	19.21	18.46	13.30	10.20
Dividend Yield	3.28%	2.41%	1.88%	1.98%	2.01%	1.87%	2.62%	1.88%	1.70%	3.16%	2.87%
Earnings Yield	5.79%	4.22%	3.18%	2.95%	3.38%	1.28%	3.82%	5.21%	5.42%	7.52%	9.81%
Enterprise Value to Invested Capital (EV/IC)	1.07	1.25	1.43	1.38	1.39	1.39	1.12	1.73	1.65	1.14	1.22
Enterprise Value to Revenue (EV/Rev)	4.60	5.57	6.39	6.33	5.94	7.68	2.83	4.06	4.10	2.98	2.87
Enterprise Value to EBITDA (EV/EBITDA)	11.89	14.09	16.41	16.63	15.53	25.03	8.48	10.04	9.02	7.23	6.71
Enterprise Value to EBIT (EV/EBIT)	19.74	23.79	29.32	29.80	26.99	53.36	14.86	14.79	12.88	10.92	9.42
Enterprise Value to NOPAT (EV/NOPAT)	22.10	26.76	33.78	37.19	32.36	76.26	19.31	24.51	23.39	18.33	14.64
Enterprise Value to Operating Cash Flow (EV/OCF)	17.60	19.58	23.88	27.92	32.21	24.83	12.33	15.64	12.17	9.25	13.92
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	368.42	0.00	0.00	0.00	207.74	146.05	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.34	1.42	1.49	1.54	1.68	1.60	0.60	0.98	1.06	1.08	1.11
Long-Term Debt to Equity	1.25	1.24	1.34	1.44	1.40	1.44	0.49	0.93	1.03	0.98	1.07
Financial Leverage	1.38	1.45	1.52	1.59	1.62	0.87	0.42	0.99	1.04	1.08	1.09
Leverage Ratio	3.46	3.46	3.38	3.49	3.57	2.86	2.52	3.28	3.45	3.50	3.49
Compound Leverage Factor	2.04	2.00	2.05	1.97	2.01	1.52	1.63	2.96	2.76	2.58	2.75
Debt to Total Capital	57.24%	58.62%	59.85%	60.66%	62.66%	61.52%	37.40%	49.61%	51.50%	51.97%	52.51%
Short-Term Debt to Total Capital	3.84%	7.40%	5.93%	3.88%	10.23%	6.03%	7.04%	2.72%	1.65%	4.77%	1.82%
Long-Term Debt to Total Capital	53.40%	51.22%	53.92%	56.78%	52.42%	55.49%	30.37%	46.89%	49.85%	47.20%	50.69%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	42.76%	41.38%	40.15%	39.34%	37.34%	38.48%	62.60%	50.39%	48.50%	48.03%	47.49%
Debt to EBITDA	6.32	6.59	6.85	7.31	7.13	11.03	4.00	2.90	2.90	3.31	2.91
Net Debt to EBITDA	6.28	6.50	6.80	7.25	7.09	10.89	0.83	2.82	2.71	3.22	2.84
Long-Term Debt to EBITDA	5.90	5.76	6.17	6.84	5.97	9.95	3.25	2.74	2.80	3.01	2.81
Debt to NOPAT	11.76	12.51	14.10	16.33	14.86	33.62	9.11	7.07	7.51	8.38	6.35
Net Debt to NOPAT	11.68	12.35	13.99	16.21	14.77	33.19	1.90	6.88	7.03	8.16	6.21
Long-Term Debt to NOPAT	10.97	10.93	12.70	15.29	12.43	30.32	7.40	6.68	7.27	7.62	6.13
Altman Z-Score	0.72	0.78	0.95	0.93	0.84	0.81	1.39	1.54	1.41	1.06	1.19
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.73	0.58	0.59	0.66	0.36	0.52	3.07	0.79	1.57	0.92	1.52
Quick Ratio	0.57	0.38	0.46	0.56	0.29	0.39	2.86	0.64	0.79	0.52	0.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-61	-79	-19	-118	9.10	-1,272	-35	-2.47	6.71	6.22	-15
Operating Cash Flow to CapEx	674,227.59%	787.13%	26,338.99%	15,743.34%	23,919.77%	94,894.16%	67.12%	99.59%	104.99%	103.12%	75.51%
Free Cash Flow to Firm to Interest Expense	-0.85	-1.19	-0.36	-2.22	0.17	-36.40	-1.31	-0.11	0.31	0.28	-0.71
Operating Cash Flow to Interest Expense	2.74	2.89	3.13	2.45	1.92	3.72	3.42	4.41	5.25	4.42	3.17
Operating Cash Flow Less CapEx to Interest Expense	2.74	2.52	3.12	2.44	1.91	3.72	-1.68	-0.02	0.25	0.13	-1.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.17	0.17	0.17	0.18	0.17	0.23	0.27	0.24	0.23	0.27
Accounts Receivable Turnover	10.96	10.55	11.00	11.41	13.58	15.16	21.82	23.12	20.74	19.44	21.68
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.22	0.23	0.24	0.24	0.25	0.24	0.30	0.31	0.30	0.29	0.32
Accounts Payable Turnover	0.70	0.91	1.09	0.96	0.87	0.64	0.63	0.65	0.69	1.01	1.13
Days Sales Outstanding (DSO)	33.30	34.59	33.19	31.98	26.88	24.07	16.73	15.79	17.59	18.78	16.84
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	520.03	400.74	336.02	380.70	421.88	572.57	583.72	557.84	525.91	362.86	322.46
Cash Conversion Cycle (CCC)	-486.74	-366.16	-302.83	-348.71	-395.00	-548.50	-566.99	-542.06	-508.32	-344.08	-305.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,203	2,987	2,768	2,632	2,416	2,322	1,007	914	847	794	751
Invested Capital Turnover	0.24	0.23	0.23	0.23	0.24	0.25	0.41	0.44	0.41	0.40	0.45
Increase / (Decrease) in Invested Capital	216	218	137	215	94	1,315	93	67	53	43	77
Enterprise Value (EV)	3,440	3,737	3,968	3,631	3,351	3,228	1,126	1,581	1,394	908	918
Market Capitalization	1,623	2,013	2,325	2,048	1,822	1,823	1,015	1,137	975	504	528
Book Value per Share	$41.11	$38.62	$36.64	$34.68	$32.12	$31.28	$43.11	$22.57	$20.61	$18.83	$17.80
Tangible Book Value per Share	$21.85	$17.68	$15.52	$13.21	$10.12	$9.20	$43.02	$22.57	$20.61	$18.83	$17.80
Total Capital	3,197	2,981	2,767	2,630	2,456	2,313	1,421	919	869	799	758
Total Debt	1,830	1,747	1,656	1,595	1,539	1,423	531	456	448	415	398
Total Long-Term Debt	1,707	1,527	1,492	1,493	1,288	1,284	431	431	433	377	384
Net Debt	1,817	1,724	1,644	1,583	1,530	1,405	111	444	419	404	389
Capital Expenditures (CapEx)	0.03	24	0.63	0.83	0.44	0.14	136	102	109	95	87
Debt-free, Cash-free Net Working Capital (DFCFNWC)	41	66	42	21	19	9.02	18	-0.99	25	27	35
Debt-free Net Working Capital (DFNWC)	52	76	54	33	28	27	439	6.81	50	32	37
Net Working Capital (NWC)	-70	-145	-110	-69	-223	-113	339	-18	36	-6.25	23
Net Nonoperating Expense (NNE)	62	55	44	37	42	19	20	3.39	6.76	12	11
Net Nonoperating Obligations (NNO)	1,836	1,753	1,657	1,597	1,499	1,432	118	451	425	410	391
Total Depreciation and Amortization (D&A)	115	108	106	96	92	68	57	51	46	42	39
Debt-free, Cash-free Net Working Capital to Revenue	5.50%	9.87%	6.71%	3.63%	3.30%	2.14%	4.53%	-0.26%	7.36%	8.72%	10.88%
Debt-free Net Working Capital to Revenue	6.99%	11.32%	8.70%	5.74%	4.94%	6.41%	110.32%	1.75%	14.83%	10.44%	11.63%
Net Working Capital to Revenue	-9.41%	-21.57%	-17.71%	-12.06%	-39.58%	-26.76%	85.17%	-4.67%	10.61%	-2.05%	7.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.87	$2.69	$2.44	$2.04	$2.16	$0.82	$1.83	$2.89	$2.59	$1.86	$2.56
Adjusted Weighted Average Basic Shares Outstanding	32.70M	31.58M	30.30M	29.60M	28.52M	28.44M	21.21M	20.51M	20.44M	20.36M	20.23M
Adjusted Diluted Earnings per Share	$2.87	$2.68	$2.43	$2.03	$2.14	$0.82	$1.82	$2.86	$2.57	$1.85	$2.54
Adjusted Weighted Average Diluted Shares Outstanding	32.78M	31.66M	30.42M	29.74M	28.69M	28.56M	21.33M	20.69M	20.59M	20.52M	20.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.82	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	33.67M	32.06M	30.85M	30.23M	28.60M	28.49M	28.43M	20.56M	20.49M	20.42M	20.34M
Normalized Net Operating Profit after Tax (NOPAT)	156	140	112	93	104	54	73	64	60	50	63
Normalized NOPAT Margin	20.80%	20.83%	18.03%	16.21%	18.35%	12.83%	18.38%	16.57%	17.55%	16.24%	19.60%
Pre Tax Income Margin	13.75%	13.57%	13.26%	12.00%	12.38%	7.63%	12.28%	24.79%	25.43%	20.05%	24.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.44	2.37	2.55	2.30	2.29	1.73	2.84	4.66	4.96	3.75	4.68
NOPAT to Interest Expense	2.18	2.11	2.21	1.84	1.91	1.21	2.18	2.81	2.73	2.23	3.01
EBIT Less CapEx to Interest Expense	2.44	2.01	2.54	2.28	2.28	1.73	-2.26	0.24	-0.04	-0.54	0.49
NOPAT Less CapEx to Interest Expense	2.18	1.74	2.20	1.83	1.90	1.21	-2.91	-1.62	-2.27	-2.06	-1.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	55.48%	56.37%	59.03%	66.37%	59.35%	144.47%	59.52%	34.91%	31.34%	41.93%	29.30%
Augmented Payout Ratio	55.48%	56.37%	59.03%	66.37%	59.35%	144.47%	59.52%	34.91%	31.34%	41.93%	29.30%

This table displays calculated financial ratios and metrics derived from SJW 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	12.19%	15.46%	9.87%	12.29%	8.80%	-0.02%	16.40%	5.26%	10.45%	22.64%	5.43%
EBITDA Growth	9.74%	10.31%	0.66%	19.51%	9.32%	-14.73%	29.14%	11.17%	21.07%	31.22%	11.25%
EBIT Growth	16.43%	13.48%	-0.64%	28.37%	10.79%	-24.56%	45.83%	18.13%	61.76%	47.88%	11.58%
NOPAT Growth	26.58%	25.27%	10.55%	1.23%	1.81%	-24.41%	34.90%	55.01%	78.43%	63.80%	26.26%
Net Income Growth	41.47%	20.96%	6.71%	13.18%	1.47%	-43.43%	44.69%	58.21%	208.54%	118.02%	31.29%
EPS Growth	36.11%	16.67%	3.54%	10.34%	-2.70%	-45.95%	37.80%	52.63%	208.33%	81.97%	28.13%
Operating Cash Flow Growth	-15.69%	31.50%	-13.57%	5.47%	1.20%	-14.44%	35.38%	22.07%	11.73%	23.72%	37.97%
Free Cash Flow Firm Growth	6.46%	5.62%	10.83%	-60.32%	-70.19%	-99.63%	-84.84%	0.79%	-1.08%	50.80%	37.62%
Invested Capital Growth	7.66%	7.24%	6.85%	7.93%	8.60%	7.89%	7.84%	5.70%	5.69%	5.20%	4.84%
Revenue Q/Q Growth	-15.28%	-12.10%	27.75%	17.94%	-12.81%	-16.36%	30.57%	14.27%	-19.89%	-2.62%	18.08%
EBITDA Q/Q Growth	-8.12%	-15.20%	18.82%	18.53%	-8.33%	-22.62%	41.07%	8.42%	-32.38%	17.20%	21.45%
EBIT Q/Q Growth	-14.56%	-24.87%	33.81%	35.54%	-17.79%	-34.22%	72.89%	16.98%	-48.46%	27.17%	40.05%
NOPAT Q/Q Growth	-28.82%	-24.99%	61.65%	46.67%	-29.56%	-33.80%	48.01%	47.52%	-47.70%	18.13%	70.09%
Net Income Q/Q Growth	-27.79%	-40.70%	86.76%	76.90%	-38.26%	-47.69%	98.09%	58.60%	-65.58%	33.81%	116.59%
EPS Q/Q Growth	-30.00%	-40.17%	82.81%	77.78%	-40.00%	-46.90%	94.83%	56.76%	-66.67%	35.37%	115.79%
Operating Cash Flow Q/Q Growth	4.15%	-22.55%	8.55%	-3.71%	62.45%	-49.10%	32.47%	-7.61%	37.33%	-19.46%	19.44%
Free Cash Flow Firm Q/Q Growth	-15.72%	-20.60%	23.48%	12.41%	-16.77%	-13.93%	-37.58%	7.02%	-36.97%	-5.49%	26.16%
Invested Capital Q/Q Growth	1.67%	2.52%	2.66%	0.62%	1.28%	2.14%	3.69%	1.24%	0.61%	2.10%	1.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	94.51%	95.29%	95.84%	95.22%	94.09%	94.52%	95.71%	94.97%	93.88%	95.14%	95.25%
EBITDA Margin	39.57%	36.49%	37.82%	40.66%	40.46%	38.19%	41.28%	38.21%	40.27%	44.78%	37.21%
Operating Margin	21.42%	22.07%	25.93%	23.03%	18.69%	21.30%	27.63%	19.86%	18.34%	29.40%	21.37%
EBIT Margin	21.89%	21.71%	25.40%	24.25%	21.10%	22.09%	28.08%	21.21%	20.72%	29.27%	22.42%
Profit (Net Income) Margin	9.88%	11.59%	17.17%	11.75%	7.83%	11.06%	17.68%	11.66%	8.40%	19.55%	14.23%
Tax Burden Percent	82.66%	95.47%	95.25%	84.75%	83.98%	91.20%	88.82%	109.01%	91.45%	87.38%	99.12%
Interest Burden Percent	54.57%	55.90%	71.00%	57.17%	44.20%	54.91%	70.89%	50.41%	44.33%	76.42%	64.03%
Effective Tax Rate	17.34%	4.53%	4.75%	15.25%	16.02%	8.80%	11.18%	-9.01%	8.55%	12.62%	0.88%
Return on Invested Capital (ROIC)	4.32%	5.10%	5.90%	4.67%	3.69%	4.53%	5.84%	5.06%	3.92%	5.91%	4.71%
ROIC Less NNEP Spread (ROIC-NNEP)	3.60%	4.05%	4.93%	3.87%	3.00%	3.68%	5.00%	4.10%	3.21%	5.26%	3.96%
Return on Net Nonoperating Assets (RNNOA)	4.98%	5.59%	6.74%	5.36%	4.28%	5.36%	7.42%	6.08%	4.77%	7.98%	6.27%
Return on Equity (ROE)	9.30%	10.69%	12.64%	10.03%	7.97%	9.89%	13.26%	11.14%	8.69%	13.88%	10.98%
Cash Return on Invested Capital (CROIC)	-2.23%	-1.96%	-1.75%	-2.80%	-3.41%	-2.73%	-2.23%	-0.54%	-0.87%	-0.71%	-0.93%
Operating Return on Assets (OROA)	3.69%	3.61%	4.37%	4.17%	3.59%	3.66%	5.06%	3.75%	3.66%	5.01%	3.73%
Return on Assets (ROA)	1.66%	1.93%	2.95%	2.02%	1.33%	1.83%	3.18%	2.06%	1.49%	3.35%	2.37%
Return on Common Equity (ROCE)	9.30%	10.69%	12.64%	10.03%	7.97%	9.89%	13.26%	11.14%	8.69%	13.88%	10.98%
Return on Equity Simple (ROE_SIMPLE)	7.07%	0.00%	6.75%	6.87%	6.87%	0.00%	8.16%	7.47%	7.08%	0.00%	5.31%
Net Operating Profit after Tax (NOPAT)	30	42	56	34	23	33	50	34	23	44	37
NOPAT Margin	17.70%	21.07%	24.70%	19.52%	15.69%	19.42%	24.54%	21.65%	16.77%	25.69%	21.18%
Net Nonoperating Expense Percent (NNEP)	0.72%	1.05%	0.97%	0.80%	0.69%	0.84%	0.84%	0.96%	0.71%	0.65%	0.75%
Return On Investment Capital (ROIC_SIMPLE)	0.91%	1.30%	-	-	-	1.12%	-	-	-	1.59%	-
Cost of Revenue to Revenue	5.49%	4.71%	4.16%	4.78%	5.91%	5.48%	4.29%	5.03%	6.12%	4.86%	4.75%
SG&A Expenses to Revenue	16.56%	17.12%	11.42%	11.62%	17.26%	15.70%	11.66%	15.00%	17.73%	14.02%	13.59%
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	73.10%	73.22%	69.91%	72.19%	75.40%	73.22%	68.07%	75.11%	75.54%	65.74%	73.89%
Earnings before Interest and Taxes (EBIT)	37	43	57	43	32	38	58	33	28	50	39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	66	72	85	72	60	65	85	60	55	77	65
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.32	1.19	1.43	1.36	1.44	1.63	1.52	1.80	1.96	2.09	1.58
Price to Tangible Book Value (P/TBV)	2.43	2.23	2.74	2.87	3.12	3.56	3.37	3.93	4.42	4.94	4.06
Price to Revenue (P/Rev)	2.40	2.17	2.63	2.47	2.61	3.00	2.77	3.33	3.57	3.75	2.82
Price to Earnings (P/E)	18.63	17.27	21.12	19.83	20.93	23.69	18.69	24.16	27.73	31.49	29.85
Dividend Yield	2.96%	3.28%	2.72%	2.90%	2.76%	2.41%	2.56%	2.18%	1.99%	1.88%	2.58%
Earnings Yield	5.37%	5.79%	4.73%	5.04%	4.78%	4.22%	5.35%	4.14%	3.61%	3.18%	3.35%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.07	1.17	1.14	1.17	1.25	1.21	1.33	1.39	1.43	1.22
Enterprise Value to Revenue (EV/Rev)	4.80	4.60	5.08	4.95	5.18	5.57	5.27	5.85	6.12	6.39	5.61
Enterprise Value to EBITDA (EV/EBITDA)	12.47	11.89	12.93	12.27	13.01	14.09	12.54	14.31	15.12	16.41	14.79
Enterprise Value to EBIT (EV/EBIT)	20.50	19.74	21.53	20.35	21.90	23.79	20.25	24.02	25.63	29.32	27.76
Enterprise Value to NOPAT (EV/NOPAT)	22.75	22.10	24.90	24.55	25.17	26.76	23.57	27.38	30.67	33.78	32.92
Enterprise Value to Operating Cash Flow (EV/OCF)	19.63	17.60	19.78	17.92	18.46	19.58	18.00	20.87	22.60	23.88	20.78
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	1.33	1.34	1.33	1.39	1.43	1.42	1.40	1.39	1.42	1.49	1.58
Long-Term Debt to Equity	1.21	1.25	1.25	1.22	1.25	1.24	1.26	1.28	1.32	1.34	1.39
Financial Leverage	1.38	1.38	1.37	1.39	1.43	1.45	1.48	1.48	1.49	1.52	1.58
Leverage Ratio	3.45	3.46	3.29	3.32	3.35	3.46	3.28	3.28	3.29	3.38	3.45
Compound Leverage Factor	1.88	1.94	2.33	1.90	1.48	1.90	2.33	1.65	1.46	2.58	2.21
Debt to Total Capital	57.14%	57.24%	57.10%	58.22%	58.80%	58.62%	58.30%	58.20%	58.69%	59.85%	61.23%
Short-Term Debt to Total Capital	5.25%	3.84%	3.26%	7.43%	7.30%	7.40%	5.88%	4.51%	4.18%	5.93%	7.52%
Long-Term Debt to Total Capital	51.88%	53.40%	53.84%	50.79%	51.50%	51.22%	52.42%	53.69%	54.50%	53.92%	53.71%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	42.86%	42.76%	42.90%	41.78%	41.20%	41.38%	41.70%	41.80%	41.31%	40.15%	38.77%
Debt to EBITDA	6.31	6.32	6.25	6.27	6.52	6.59	6.06	6.27	6.38	6.85	7.41
Net Debt to EBITDA	6.23	6.28	6.23	6.14	6.45	6.50	5.94	6.18	6.29	6.80	7.35
Long-Term Debt to EBITDA	5.73	5.90	5.90	5.47	5.71	5.76	5.45	5.79	5.93	6.17	6.50
Debt to NOPAT	11.51	11.76	12.04	12.54	12.60	12.51	11.38	12.01	12.95	14.10	16.50
Net Debt to NOPAT	11.37	11.68	12.00	12.29	12.48	12.35	11.16	11.82	12.77	13.99	16.37
Long-Term Debt to NOPAT	10.46	10.97	11.35	10.94	11.04	10.93	10.24	11.08	12.03	12.70	14.47
Altman Z-Score	0.65	0.63	0.70	0.63	0.64	0.69	0.80	0.87	0.91	0.87	0.71
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.66	0.73	0.77	0.49	0.55	0.58	0.74	0.85	0.91	0.59	0.50
Quick Ratio	0.52	0.57	0.63	0.45	0.35	0.38	0.51	0.59	0.59	0.46	0.43
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-202	-175	-145	-189	-216	-185	-162	-118	-127	-93	-88
Operating Cash Flow to CapEx	0.00%	142,965.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	175,476.19%	71,485.94%
Free Cash Flow to Firm to Interest Expense	-12.13	-9.22	-8.74	-10.35	-12.29	-10.84	-9.70	-7.16	-8.02	-7.84	-6.19
Operating Cash Flow to Interest Expense	2.59	2.19	3.23	2.70	2.91	1.85	3.70	2.83	3.20	3.12	3.22
Operating Cash Flow Less CapEx to Interest Expense	2.59	2.19	3.23	2.70	2.91	1.85	3.70	2.83	3.20	3.11	3.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.17	0.17	0.17	0.17	0.17	0.18	0.18	0.18	0.17	0.17
Accounts Receivable Turnover	11.93	10.96	9.87	10.90	11.46	10.55	10.00	10.93	11.48	11.00	9.62
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.23	0.22	0.23	0.23	0.23	0.23	0.25	0.24	0.24	0.24	0.23
Accounts Payable Turnover	0.90	0.70	0.90	0.95	1.16	0.91	1.02	1.05	1.20	1.09	0.97
Days Sales Outstanding (DSO)	30.59	33.30	36.96	33.49	31.85	34.59	36.51	33.39	31.80	33.19	37.95
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	407.57	520.03	407.69	383.15	315.66	400.74	358.70	348.75	303.61	336.02	378.18
Cash Conversion Cycle (CCC)	-376.98	-486.74	-370.73	-349.66	-283.80	-366.16	-322.19	-315.37	-271.82	-302.83	-340.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,257	3,203	3,124	3,043	3,025	2,987	2,924	2,820	2,785	2,768	2,711
Invested Capital Turnover	0.24	0.24	0.24	0.24	0.23	0.23	0.24	0.23	0.23	0.23	0.22
Increase / (Decrease) in Invested Capital	232	216	200	224	240	218	213	152	150	137	125
Enterprise Value (EV)	3,681	3,440	3,671	3,476	3,535	3,737	3,531	3,756	3,877	3,968	3,307
Market Capitalization	1,841	1,623	1,901	1,736	1,782	2,013	1,860	2,134	2,263	2,325	1,663
Book Value per Share	$41.50	$41.11	$40.77	$39.54	$38.67	$38.62	$38.41	$37.63	$37.36	$36.64	$34.69
Tangible Book Value per Share	$22.48	$21.85	$21.20	$18.80	$17.82	$17.68	$17.36	$17.26	$16.60	$15.52	$13.52
Total Capital	3,260	3,197	3,109	3,051	3,010	2,981	2,926	2,830	2,790	2,767	2,707
Total Debt	1,863	1,830	1,775	1,776	1,770	1,747	1,706	1,647	1,637	1,656	1,657
Total Long-Term Debt	1,691	1,707	1,674	1,550	1,550	1,527	1,534	1,519	1,520	1,492	1,454
Net Debt	1,839	1,817	1,770	1,740	1,752	1,724	1,672	1,621	1,614	1,644	1,644
Capital Expenditures (CapEx)	0.00	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.06
Debt-free, Cash-free Net Working Capital (DFCFNWC)	48	41	41	27	70	66	71	66	74	42	30
Debt-free Net Working Capital (DFNWC)	72	52	45	50	75	76	93	91	98	54	43
Net Working Capital (NWC)	-99	-70	-57	-177	-145	-145	-79	-37	-19	-110	-161
Net Nonoperating Expense (NNE)	13	19	17	14	12	14	14	16	11	11	12
Net Nonoperating Obligations (NNO)	1,859	1,836	1,791	1,769	1,785	1,753	1,704	1,637	1,633	1,657	1,662
Total Depreciation and Amortization (D&A)	30	29	28	29	29	28	27	27	27	27	26
Debt-free, Cash-free Net Working Capital to Revenue	6.28%	5.50%	5.62%	3.81%	10.26%	9.87%	10.66%	10.23%	11.72%	6.71%	5.01%
Debt-free Net Working Capital to Revenue	9.37%	6.99%	6.17%	7.06%	10.93%	11.32%	13.81%	14.20%	15.40%	8.70%	7.25%
Net Working Capital to Revenue	-12.97%	-9.41%	-7.86%	-25.22%	-21.27%	-21.57%	-11.84%	-5.69%	-3.02%	-17.71%	-27.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.49	$0.70	$1.17	$0.64	$0.36	$0.60	$1.14	$0.58	$0.37	$1.11	$0.83
Adjusted Weighted Average Basic Shares Outstanding	33.78M	32.70M	32.90M	32.40M	32.08M	31.58M	31.86M	31.50M	30.94M	30.30M	30.27M
Adjusted Diluted Earnings per Share	$0.49	$0.70	$1.17	$0.64	$0.36	$0.60	$1.13	$0.58	$0.37	$1.11	$0.82
Adjusted Weighted Average Diluted Shares Outstanding	33.87M	32.78M	32.98M	32.46M	32.14M	31.66M	31.93M	31.59M	31.04M	30.42M	30.39M
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	34.18M	33.67M	33.25M	32.71M	32.23M	32.06M	31.93M	31.77M	31.43M	30.85M	30.32M
Normalized Net Operating Profit after Tax (NOPAT)	30	42	56	34	23	33	50	22	23	43	37
Normalized NOPAT Margin	17.70%	21.07%	24.70%	19.52%	15.69%	19.42%	24.54%	13.90%	16.77%	25.35%	21.13%
Pre Tax Income Margin	11.95%	12.14%	18.03%	13.86%	9.33%	12.13%	19.91%	10.69%	9.18%	22.37%	14.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.20	2.27	3.45	2.33	1.79	2.22	3.44	2.02	1.80	4.24	2.78
NOPAT to Interest Expense	1.78	2.20	3.35	1.88	1.33	1.95	3.00	2.06	1.45	3.72	2.63
EBIT Less CapEx to Interest Expense	2.20	2.27	3.45	2.33	1.79	2.22	3.44	2.02	1.80	4.24	2.78
NOPAT Less CapEx to Interest Expense	1.78	2.20	3.35	1.88	1.33	1.95	3.00	2.06	1.45	3.72	2.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	54.09%	55.48%	56.64%	57.05%	57.55%	56.37%	46.89%	51.48%	54.42%	59.03%	76.86%
Augmented Payout Ratio	54.09%	55.48%	56.64%	57.05%	57.55%	56.37%	46.89%	51.48%	54.42%	59.03%	76.86%

Frequently Asked Questions About SJW Group's Financials

When does SJW Group's financial year end?

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

How has SJW Group's net income changed over the last 10 years?

SJW Group's net income appears to be on an upward trend, with a most recent value of $93.97 million in 2024, rising from $51.81 million in 2014. The previous period was $84.99 million in 2023. Find out what analysts predict for SJW Group in the coming months.

What is SJW Group's operating income?

SJW Group's total operating income in 2024 was $170.50 million, based on the following breakdown:

Total Gross Profit: $712.51 million
Total Operating Expenses: $542.01 million

How has SJW Group revenue changed over the last 10 years?

Over the last 10 years, SJW Group's total revenue changed from $319.67 million in 2014 to $748.44 million in 2024, a change of 134.1%.

How much debt does SJW Group have?

SJW Group's total liabilities were at $3.29 billion at the end of 2024, a 5.8% increase from 2023, and a 262.0% increase since 2014.

How much cash does SJW Group have?

In the past 10 years, SJW Group's cash and equivalents has ranged from $2.40 million in 2014 to $420.72 million in 2018, and is currently $11.11 million as of their latest financial filing in 2024.

How has SJW Group's book value per share changed over the last 10 years?

Over the last 10 years, SJW Group's book value per share changed from 17.80 in 2014 to 41.11 in 2024, a change of 131.0%.

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This page (NYSE:SJW) was last updated on 5/29/2025 by MarketBeat.com Staff

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SJW Group (SJW) Financials

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SJW Group (SJW) Financials

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