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American States Water(NYSE) AWR

Current Price$87.37
Market Cap$3.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1985)+11,655%
5 Year+15%
1 Year+20%
1 Month+15%
American States Water last closing stock price
MetricPriceDate
Last closeUSD 88.402026-07-20
American States Water stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.94%USD 85.052026-07-13
1 month+14.64%USD 77.112026-06-18
3 month+14.34%USD 77.312026-04-21
Year to date+23.64%USD 71.502025-12-31
1 year+20.01%USD 73.662025-07-18
3 year+5.69%USD 83.642023-07-21
5 year+15.28%USD 76.682021-07-21
Since inception+11,654.99%USD 0.751985-04-02

American States Water Financials at a Glance

Market Cap

$3.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$679.25M

Net Income (TTM)

$133.55M

EPS (TTM)

$3.43

P/E Ratio

25.78

Dividend

$2.02

Beta (Volatility)

0.30 (Low)

Price

$87.37

Volume

1,649

Open

$87.54

Previous Close

$88.40

Daily Range

$87.17 - $88.02

52-Week Range

$69.45 - $90.11

Estimated Earnings Date

Aug 5, 2026

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About American States Water

American States Water brings clean water and power to everyday people. It also manages water systems on many United States military bases. These services provide essential utilities to families and the government.

Water, Power, and Military Support

  • Water Services: Delivers water to 265,100 customer connections across ten California counties.
  • Electric Services: Supplies electricity to 24,900 customer connections in San Bernardino County mountain communities.
  • Contracted Services: Operates and maintains water and wastewater systems at military installations under long-term federal contracts.

Growing the Utility Footprint

  • In January 2025, the California Public Utilities Commission issued a decision setting new water rates through 2027.
  • In April 2026, the company was notified it will receive $2.2 million from Tyco Fire Products LP to settle water contamination claims.
  • In January 2026, the company filed an application for new electric rates for the years 2027 through 2030.
  • The company sold over 2.1 million shares through March 31, 2026, to fund corporate goals and debt repayment.

Regulated Rates and Federal Ties

The company operates under a regulated model where state agencies set rates to ensure it can recover costs for infrastructure repairs. It also uses long-term, 50-year fixed-price contracts to manage utility systems for the United States military across multiple states.

Measuring Recent Success

  • Revenue reached $169.2 million in Q1 2026, up 14.3% year-over-year.
  • Net income hit $29.9 million in Q1 2026, up 11.6% from Q1 2025.
  • Operating cash flow reached $71.6 million in Q1 2026, up 59% from Q1 2025.
  • Free cash flow improved to $22.6 million in Q1 2026, up 200.4% year-over-year.

How the Company Evolved

American States Water has grown from a California utility into a major provider of water services for military bases across the country. Its mix of regulated rates and federal contracts provides a stable foundation for maintaining essential public infrastructure.

AI Generated • May 24, 2026

Industry

Water Utilities

Sector

Utilities

Employees

900

CEO

Robert J. Sprowls, MBA, CPA

Headquarters

San Dimas, CA 91773-1207, US

AWR Financials

Key Financial Metrics (TTM)

Gross Margin

57.52%

Operating Margin

30.78%

Net Income Margin

19.66%

Return on Equity

13.06%

Return on Capital

10.22%

Return on Assets

4.88%

Earnings Yield

3.88%

Dividend Yield

2.28%

Payout Ratio

57.35%

Stock Overview

Market Cap

$3.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

39.19M

Volume

1.65K

Avg. Volume

350.66K

Financials (TTM)

Gross Profit

$390.72M

Operating Income

$209.10M

EBITDA

$257.83M

Operating Cash Flow

$256.31M

Capital Expenditure

-$218.31M

Free Cash Flow

$38.00M

Cash & ST Invst.

$22.16M

Total Debt

$930.56M

American States Water Performance Analysis

American States Water annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 491,528,000-1.5%
20232023-12-31USD 595,699,00021.2%
20242024-12-31USD 595,459,000-0.0%
20252025-12-31USD 658,073,00010.5%
American States Water sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3010.2%
Q32025-09-3012.1%
Q42025-12-31-10.1%
Q12026-03-313.0%
American States Water annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.11-17.0%
20232023-12-31USD 3.3659.2%
20242024-12-31USD 3.17-5.9%
20252025-12-31USD 3.376.3%
American States Water sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3024.3%
Q32025-09-3021.8%
Q42025-12-31-30.2%
Q12026-03-312.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$169.19M

+14.3%

Gross Profit

$87.55M

-23.5%

Gross Margin

51.75%

N/A

Market Cap

$3.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$3.85M

N/A

Employees

900

N/A

Net Income

$29.95M

+11.6%

EBITDA

$64.92M

+9.6%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$22.16M

+4.4%

Total Debt

$930.56M

-1.8%

Accounts Receivable

$140.71M

+5.4%

Inventory

$16.65M

+7.3%

Long Term Debt

$920.08M

+14.7%

Short Term Debt

$10.47M

-92.8%

Return on Assets

4.88%

N/A

Return on Invested Capital

8.19%

N/A

Free Cash Flow

$22.59M

+200.4%

Operating Cash Flow

$71.64M

+59.0%

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Questions About AWR

What is the current price of American States Water?

American States Water is trading at $87.37 per share.

What is the 52-week range for American States Water?

Over the past 52 weeks, American States Water has traded between $69.45 and $90.11.

How much debt does American States Water have?

As of the most recent reporting period, American States Water reported total debt of $930.56M.

How much cash does American States Water have on hand?

American States Water reported $22.16M in cash and cash equivalents in its most recent financial results.

What is American States Water’s dividend yield?

American States Water currently has a dividend yield of 2.28%.

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