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CWT US​
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California Water Service Group(CWT US)

$47.15-0.671.40%Ext:$42.49-4.669.89%(Market Closed · 00:00:05 UTC)
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FinancialsChartingShort InterestEmployees

California Water Service Group — Company Profile

California Water Service Group (CWT), through its various subsidiaries, operates as a water utility, delivering essential water services and related offerings across several states, including California, Washington, New Mexico, Hawaii, and Texas. The company's operations encompass the entire water supply chain, from procuring, storing, treating, and rigorously testing water to its widespread distribution and ultimate sale. This water is utilized for a diverse array of purposes, spanning domestic consumption, industrial processes, public use, agricultural irrigation, and crucial fire protection. The group serves a substantial customer base, catering to approximately 494,500 connections across 100 communities in California. Moreover, on the Hawaiian islands of Maui and Hawaii, it manages roughly 6,200 water and wastewater customer hookups. In Washington, approximately 36,400 connections receive service in locations such as Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor. New Mexico communities like Belen, Los Lunas, Indian Hills, and Elephant Butte are served by roughly 8,600 water and wastewater connections. Beyond its core regulated utility functions, California Water Service Group provides various non-regulated, water-related services. These include the management of water systems for both municipal and private entities, the operation of recycled water distribution networks, and specialized services such as water system operation, meter reading, and billing for external companies and public bodies. Furthermore, it generates income by leasing communication antenna sites on its land to telecommunications companies, and it manages the billing of optional third-party insurance schemes for its residential clients. Laboratory services are also part of its offerings. Lastly, the organization handles wastewater collection and purification processes. Established in 1926, the company's corporate headquarters are situated in San Jose, California.

Sector
Utilities
Industry
Water Utilities
Exchange
UN
CEO
Martin A. Kropelnicki
Headquarters
San Jose, CA, US
IPO Date
Mar 26, 1990
Employees
1,336
Website
www.calwatergroup.com

Key Metrics

Price
$45.96
Market Cap
$2.84B
Revenue (TTM)
$214.57M
Net Income (TTM)
$4.04M
EPS (TTM)
0.07
P/E (TTM)
23.90
P/B (TTM)
1.59
Dividend Yield
2.96%
ROE (TTM)
0.23%
ROA (TTM)
0.07%
Operating Margin
8.50%
Beta
-0.24

Dividends

Last Dividend
$0.34
Last Yield
0.03%

Summary

California Water Service Group (CWT), through its various subsidiaries, operates as a water utility, delivering essential water services and related offerings across several states, including California, Washington, New Mexico, Hawaii, and Texas. The company's operations encompass the entire water supply chain, from procuring, storing, treating, and rigorously testing water to its widespread distribution and ultimate sale. This water is utilized for a diverse array of purposes, spanning domestic consumption, industrial processes, public use, agricultural irrigation, and crucial fire protection. The group serves a substantial customer base, catering to approximately 494,500 connections across 100 communities in California. Moreover, on the Hawaiian islands of Maui and Hawaii, it manages roughly 6,200 water and wastewater customer hookups. In Washington, approximately 36,400 connections receive service in locations such as Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor. New Mexico communities like Belen, Los Lunas, Indian Hills, and Elephant Butte are served by roughly 8,600 water and wastewater connections. Beyond its core regulated utility functions, California Water Service Group provides various non-regulated, water-related services. These include the management of water systems for both municipal and private entities, the operation of recycled water distribution networks, and specialized services such as water system operation, meter reading, and billing for external companies and public bodies. Furthermore, it generates income by leasing communication antenna sites on its land to telecommunications companies, and it manages the billing of optional third-party insurance schemes for its residential clients. Laboratory services are also part of its offerings. Lastly, the organization handles wastewater collection and purification processes. Established in 1926, the company's corporate headquarters are situated in San Jose, California.

Website
www.calwatergroup.com
Location
San Jose, CA, US
Phone408 367 8200
Employees1,336
CEOMartin A. Kropelnicki
Sector
Utilities
Industry
Water Utilities
IPO DateMar 26, 1990

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Latest Documents

SEC Filings(2.7K)

Expand
  • 8-KOther Events28 Oct
  • SC 13G/ACALIFORNIA WATER SERVICE GROUP26 Oct
  • 8-KOther Events15 Oct
  • 4Scanlon Thomas A8 Sep
  • 4Peters Todd Kenneth8 Sep
  • 4Ouyang Elissa Y8 Sep
  • 4Mortensen Michelle R8 Sep
  • 4Mares Michael S JR8 Sep
  • 4Lynch James Patrick8 Sep
  • 4Luu Michael B8 Sep
  • 4KROPELNICKI MARTIN A8 Sep
  • 4Jenkins Kenneth G8 Sep
  • 4James Sophie Marwieh8 Sep
  • 4HAMNER KRISTAN A8 Sep
  • 4Dean Shannon C8 Sep
  • 4Bunting Shawn C8 Sep
  • 4Snow Lester A1 Sep
  • 4Krummel Thomas M14 Aug
  • 144Krummel Thomas M13 Aug
  • 4Shimansky Gregory Dale5 Aug

News

  • California Water Service Group Reports Solid Third Quarter 2026 Results and Successful Execution of Business Strategy28 Oct
  • 4 Water Supply Stocks to Watch Amid Expanding Industry Opportunities28 Oct
  • Best Dividend Kings: October 202626 Oct
  • CWT Unit Gets Rate Hike Approval to Recover Infrastructure Costs20 Oct
  • Hawaii Public Utilities Commission Issues General Rate Case Decision for Hawaii Water Service's Kapalua Water and Wastewater Systems15 Oct
  • California Water Service Group Prices $125 Million of Senior Unsecured Notes and California Water Service Company Prices $150 Million of First Mortgage Bonds15 Oct
  • California Water Service Group Chairman & CEO Joins Alliance for Critical Infrastructure (ACI) Board of Directors30 Sep
  • Best Dividend Kings: September 202626 Sep
  • The Dividend Kings Ranked By Quality Scores (September 2026)18 Sep
  • Can Rising Water Demand Boost California Water's Long-Term Growth?15 Sep
  • CWT Unit Gets Rate Hike Nod to Recover Infrastructure Investments11 Sep
  • WUTC Issues Decision in Washington Water's Application to Recover Costs for Investments to Provide Safe, Reliable Service10 Sep
  • California Water Service Kicks Off Back-to-School Season With 13th Year of Tap Into Learning Program8 Sep
  • Newsweek Names California Water Service Group One of “America's Greatest Companies”1 Sep
  • Hawaii Water Service Proposes Rate Adjustment for Kona Service Area for Investments Made to Help Keep Service Safe, Reliable31 Aug
  • Freestone Grove Partners LP Takes Position in California Water Service Group $CWT30 Aug
  • Bank of America Corp DE Has $5.53 Million Stock Holdings in California Water Service Group $CWT28 Aug
  • 10,755,498 Shares in California Water Service Group $CWT Acquired by BlackRock Inc.25 Aug
  • California Water Service Group Awards $80,000 in Scholarships, Nears $1 Million Milestone Investing in its Communities' Future Leaders19 Aug
  • California Water Service Group Named One of “World's Greenest Companies” by Newsweek17 Aug

Mentions in Filings

  • #American Water Works Co., Inc. 55,694 7,191,766 Artesian Resources Corp., Class A 1,014 33,827 Atmos Energy Corp. 44,745 7,442,883 Avista Corp. 23,425 967,218 Black Hills Corp. 21,967 1,603,152 23 Dimensional U.S. Equity Market ETF continued Shares Value UTILITIES — (Continued) California Water Service Group 16,917 $ 756,190
    Dimensional ETF TrustCalifornia Water Service Group·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … , Inc. \* 4% 74 94.16 6,968 Materials (4%): ECL Ecolab Inc. 4% 26 270.84 7,042 Utilities (20%): AWR American States Water Company 4% 90 77.83 7,005 AWK American Water Works Company, Inc. 4% 53 132.05 6,999 CWT <strong>California Water Service Group</strong> 4% 152 46.20 7,022 SBS Cia. de Saneamento Basico do Estado de Sao Paulo - SABESP (ADR) + 4% 198 35.41 7,011 HTO H2O America 4% 118 59.30 6,997 Total Investments 100% $175,039 ==== ======== See "Notes to …
    FT 12894California Water Service Group·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q2 26·22 Apr
  • … 0 million and $2.5 billion), a group of utilities was selected as our current peer group based on similarity in industry (water, gas and electric utilities), size and being highly regulated. Avista Corporation <strong>California Water Service Group</strong> Chesapeake Utilities Corporation Essential Utilities, Inc. IDACORP, Inc. MGE Energy, Inc. NorthWestern Energy Group, Inc. Northwest Natural Holding Company Otter Tail Corporation H2O America (formerly SJW Grou …
    AMERICAN STATES WATER COCalifornia Water Service Group·DEFA14A - Definitive additional materials·Q2 26·13 Apr
  • COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN Among Middlesex Water Company, the S&P 500 Stock Index and a Peer Group* Middlesex Water Company S&P 500 Peer Group 2020 2021 2022 2023 2024 2025 $0 $50 $100 $150 $200 $250 * Peer group includes American States Water Company, Artesian Resources Corp., California Water Service Group, Global Water Resources Inc, H2O America, York Water Company and Middlesex. 2020 2021 2022 2023 2024 2025 Middlesex Water …
    MIDDLESEX WATER COCalifornia Water Service Group·ARS - ANNUAL REPORT TO SECURITY HOLDERS·FY25·6 Apr
  • … oup for the measurement periods ended on December 31 of each of 2025, 2024, 2023, 2022, and 2021, respectively. Peer Group companies currently include American States Water Company, Artesian Resources Corp., <strong>California Water Service Group</strong>, Global Water Resources Inc., H2O America, and York Water Company. Column (h) Source: Company's Annual Report on Form 10-K for each respective year. Column (i) Source: Company's Annual Report on Form 10-K f …
    MIDDLESEX WATER COCalifornia Water Service Group·DEF 14A - DEFINITIVE PROXY STATEMENT·Q2 26·6 Apr
  • … Group for the measurement periods ended on December 31 of each of 2025, 2024, 2023, 2022, and 2021, respectively. Peer Group companies currently include American States Water Company, Artesian Resources Corp., <strong>California Water Service Group</strong>, Global Water Resources Inc., H2O America, and York Water Company. Column (h) Source: Company’s Annual Report on Form 10-K for each respective year. Column (i) Source: Company’s Annual Report on Form 10-K fo …
    MIDDLESEX WATER COCalifornia Water Service Group·DEF 14A - Definitive proxy statement·Q2 26·6 Apr

Key Stats

Trading

Px/Chg 1D$45.96 / +2.02%
Avg Volume537.98K
Beta-0.24
Mkt Cap2.84B
FD Mkt Cap3.09B

Float

Shrs Out/Float61.84M / 61.34M
Short Float0.03%
Days to Cover2.79
Stock Repurchased$823.00K

Current Valuation

EV4.44B
EV/EBITDA13.47
EV/Sales4.40
P/B1.59
P/S2.81
FCF Yield-2.82%
ROE0.23%
ROA0.07%
Current Ratio0.69

Dividend

Cash$0.34
Yield2.96%
Yield (TTM)2.96%

Estimates

P/E23.90
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings205.7332.1251.0915.56235.59694.29
Price / Sales7.043.643.342.8612.3013.06
Price / Book Value1.842.341.861.811.601.57
Price / Free Cash Flow-26.02-36.72-15.98-16.50-25.91-35.01
ENTERPRISE VALUE METRICS
Enterprise Value4,191.34,144.23,817.94,317.14,272.54,404.6
Enterprise Value / Sales10.764.904.804.1619.4220.53
Enterprise Value / EBITDA36.6415.7417.5510.1870.9468.80
Enterprise Value / EBIT89.0228.3940.4414.88178.28183.12

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue6%790.9846.4794.61,036.81,000.1
Gross Income-6.6%483.8530.4363.4989.1367.4
EBITDA8.3%259.9263.3217.5424.3358.0
EBIT9.6%148.3146.094.4290.1213.7
Net Income6.1%101.196.051.9190.8128.2
EPS (Diluted)2.3%1.961.770.913.252.15
BALANCE SHEET
Cash & ST Inv-9.8%78.485.085.050.151.8
Total Assets11.9%3,623.33,945.84,700.95,180.35,671.2
Total Liabilities12.9%2,451.42,623.43,270.53,542.03,979.2
Total Shareholder Equity9.7%1,166.51,317.61,426.71,638.31,692.0
CASH FLOW
Net Operating Cash Flow6.9%231.7243.8217.8290.9302.6
Cap Ex15.2%-293.2-327.8-383.7-470.8-517.0
Free Cash Flow36.7%-61.5-84.0-165.9-179.9-214.4

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)48.02
Basic Shares61.84
Market Cap2,969.5
Diluted Shares59.77
Fully Diluted Shares Outstanding59.77
Fully Diluted Market Cap2,870.2
+Consolidated Debt1,702.9
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-103.7
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest2.6
+Pension Liabilities—
Enterprise Value4,571.2

Segment data

Revenue

by Products and services

  • Residential62%
  • Business21%
  • Public Authorities6%
  • Service, Other4%
  • Industrial3%

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