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California Water Service Group

calwatergroup.com

California Water Service Group (NYSE: CWT) is a regulated water utility company that provides drinking water production, treatment, and distribution services to residential, commercial, and industrial customers. Revenue is generated primarily through volumetric and fixed service charges collected from customers under rates approved by state utility regulators, principally the California Public Utilities Commission. As a regulated utility, allowed returns on rate base are set by regulators rather than markets, making capital investment the primary driver of earnings growth. The business is capital-intensive by structure, funding ongoing infrastructure investment with a combination of debt and equity. CWT is headquartered in San Jose, California. The filing excerpts available do not support disclosure of specific revenue figures, customer counts, segment breakdowns, founding year, or named competitors from this 10-K filed 2026-02-27 (accession 000162828026012444), so those details are omitted.

Products & Services

Drinking water production, treatment, storage, and distribution to residential, commercial, and industrial customers.

Revenue Model

Regulated utility tariff model. Customers pay volumetric and fixed charges for water service under rates authorized by state public utility commissions. Rate cases determine allowable revenue and return on rate base.

Customers & Markets

Residential, commercial, and industrial water service customers in regulated service territories.

Geographic Exposure

Primary operations in California under regulation by the California Public Utilities Commission.

Financial Snapshot

Revenue
TTM
$1.009B
Gross Margin
TTM
73.91%
Net Income
TTM
$133.2M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
70.12%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
$690.9M
Book Value
2026 Q2
$5.264B
Cash
2026 Q2
P/E
TTM
23.22
Free Cash Flow
TTM
-$235.7M

Stock Price

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Market Cap: $3.0938 Billion

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