How does American States Water (AWR) make money?

American States Water (AWR) generates revenue primarily from Water Service Utility Operations, which accounted for 69.9% of total revenue in TTM through Q1 2026. The company reported $679.25M in revenue and converted 19.7% of it into net profit, equivalent to roughly $133.55M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of American States Water (AWR)?

American States Water (AWR) reported a gross profit margin of 57.5% in TTM through Q1 2026, equivalent to $390.72M in gross profit on $679.25M in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of American States Water (AWR)?

American States Water (AWR) reported an operating profit margin of 30.8% in TTM through Q1 2026, equivalent to $209.10M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of American States Water (AWR)?

American States Water (AWR) reported a net profit margin of 19.7% in TTM through Q1 2026, equivalent to $133.55M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is American States Water (AWR) profitable?

Yes. American States Water (AWR) reported $133.55M in net income for TTM through Q1 2026, with a net profit margin of 19.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does American States Water (AWR) spend on capital expenditures?

American States Water (AWR) spent $218.31M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 32.1% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does American States Water (AWR) generate?

American States Water (AWR) generated $38.00M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 5.6%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of American States Water (AWR)?

American States Water (AWR) had an effective tax rate of 23.4% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of American States Water (AWR)?

American States Water (AWR) reports revenue across 3 reportable product segments, led by Water Service Utility Operations at 69.9% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How American States Water Makes Money: 2026 Visual Revenue Map

American States Water (AWR) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 6, 2026).

American States Water discloses geographic revenue only in annual filings. to view the full breakdown.

American States Water (AWR) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for American States Water (AWR) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Water Service Utility Operations	$474.79M	69.9%
Contracted Services	$142.95M	21%
Electric Service Utility Operations	$61.52M	9.1%
Total	$679.25M	100%

Water Service Utility Operations$474.79M
Contracted Services$142.95M
Electric Service Utility Operations$61.52M
Total$679.25M

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, American States Water (AWR) reports revenue across 3 operating segments; the largest segment was Water Service Utility Operations at 69.9%, followed by Contracted Services (21%) and Electric Service Utility Operations (9.1%).

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