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AWR · NYSE · United States · Water Supply
In shortAMERICAN STATES WATER CO is profitable, burns cash and carries moderate debt, with revenue growing (+10.5% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 30.9% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 19.8% | 99/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 13.3% | 66/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.5% | 57/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.32× | 44/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.76× | 69/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.08× | 26/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 4.35× | 27/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.04 | 24/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -1.1% | 16/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.05× | 0/100 |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 9.4% | 76/100 |
| Operating margin volatility | 2.8% | 84/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 10.2% | 73/100 |
|---|---|---|
| EPS growth, 3-year average | 16.9% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 499 | 492 | 596 | 595 | 658 |
| Cost of revenue | 57 | 53 | 58 | 55 | 61 |
| Gross profit | 442 | 438 | 538 | 541 | 597 |
| Operating income | 141 | 127 | 197 | 184 | 203 |
| Interest expense | 23 | 27 | 43 | 50 | 47 |
| Pre-tax income | 125 | 102 | 167 | 149 | 170 |
| Income tax | 30 | 24 | 42 | 30 | 39 |
| Net income | 94 | 78 | 125 | 119 | 130 |
| Diluted EPS | $2.55 | $2.11 | $3.36 | $3.17 | $3.37 |
| Diluted shares (millions) | 37 | 37 | 37 | 38 | 39 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of AMERICAN STATES WATER CO are included in the Investor plan. Try free for 7 days →
2.04 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 5, 2026