How American States Water (AWR) Makes Money: A Visual Guide

American States Water (AWR) generated $658.07M in revenue (TTM through Q4 2025), earning $130.44M in net profit (19.8% margin). Its largest revenue source is Water Service Utility Operations (70.5% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

American States Water (AWR) Income Statement Flow

Frequently asked questions

How does American States Water (AWR) make money?

American States Water (AWR) primarily makes money through Water Service Utility Operations, which accounts for 70.5% of total revenue. For TTM through Q4 2025, American States Water generated $658.07M in total revenue with a net profit margin of 19.8%.

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

American States Water (AWR) reported a gross profit margin of 63.4% for TTM through Q4 2025, equivalent to $417.55M in gross profit. This means American States Water retains 63.4% of each revenue unit after direct costs of production.

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

American States Water (AWR) reported an operating profit margin of 30.9% for TTM through Q4 2025, equivalent to $203.28M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

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

American States Water (AWR) reported a net profit margin of 19.8% for TTM through Q4 2025, equivalent to $130.44M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

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

American States Water (AWR) spent $236.82M on capital expenditures in TTM through Q4 2025 (36.0% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is American States Water (AWR) free cash flow?

American States Water (AWR) generated −$7.09M in free cash flow for TTM through Q4 2025 (-1.1% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

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

American States Water (AWR) had an effective tax rate of 23.2% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

When was this data last updated?

Based on company filings through TTM through Q4 2025.