How does California Water Service Group (CWT) make money?

California Water Service Group (CWT) generates revenue primarily from Residential, which accounted for 60.7% of total revenue in TTM through Q1 2026. The company reported $1.01B in revenue and converted 11.8% of it into net profit, equivalent to roughly $118.92M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of California Water Service Group (CWT)?

California Water Service Group (CWT) reported a gross profit margin of 42.6% in TTM through Q1 2026, equivalent to $430.31M in gross profit on $1.01B 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 California Water Service Group (CWT)?

California Water Service Group (CWT) reported an operating profit margin of 15.7% in TTM through Q1 2026, equivalent to $158.89M 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 California Water Service Group (CWT)?

California Water Service Group (CWT) reported a net profit margin of 11.8% in TTM through Q1 2026, equivalent to $118.92M 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 California Water Service Group (CWT) profitable?

Yes. California Water Service Group (CWT) reported $118.92M in net income for TTM through Q1 2026, with a net profit margin of 11.8%. 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 California Water Service Group (CWT) spend on capital expenditures?

California Water Service Group (CWT) spent $536.35M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 53.1% 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 California Water Service Group (CWT) generate?

California Water Service Group (CWT) generated −$222.82M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -22.0%. 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 are the main business segments of California Water Service Group (CWT)?

California Water Service Group (CWT) reports revenue across 8 reportable product segments, led by Residential at 60.7% 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 California Water Service Group Makes Money: 2026 Visual Revenue Map

California Water Service Group (CWT) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 30, 2026).

California Water Service Group discloses geographic revenue only in annual filings. to view the full breakdown.

California Water Service Group (CWT) 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 California Water Service Group (CWT) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Residential	$613.08M	60.7%
Business	$208.44M	20.6%
Public Authorities	$58.94M	5.8%
Service, Other	$58.74M	5.8%
Industrial	$32.77M	3.2%
Non-Regulated Services	$22.47M	2.2%
Operating And Maintenance	$11.24M	1.1%
Other Non-Regulated Service	$5.06M	0.5%
Total	$1.01B	100%

Residential$613.08M
Business$208.44M
Public Authorities$58.94M
Service, Other$58.74M
Industrial$32.77M
Non-Regulated Services$22.47M
Operating And Maintenance$11.24M
Other Non-Regulated Service$5.06M
Total$1.01B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, California Water Service Group (CWT) reports revenue across 8 operating segments; the largest segment was Residential at 60.7%, followed by Business (20.6%) and Public Authorities (5.8%).

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