American States Water Co income statement

In fiscal 2025, American States Water Co reported revenue of $658m, up 10.5% on the year before, operating income of $203m (a 30.9% margin) and net income of $130m, or $3.37 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

American States Water Co: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	353	400	420	467	472	466	459	436	441	437	474	488	499	492	596	595	658	697
Cost of revenue	—	—	—	—	—	—	—	—	50	54	56	62	57	53	58	55	61	69
Gross profit	—	—	—	—	—	—	—	—	391	383	418	426	442	438	538	541	597	629
General and administrative	69	86	74	71	77	78	80	82	82	83	83	84	84	86	88	101	103	103
Operating income	69	74	95	111	119	119	118	114	127	101	127	130	141	127	197	184	203	222
Interest expense	22	22	24	23	22	22	21	22	23	23	25	23	23	27	43	50	47	47
Income before tax	48	54	72	90	98	99	98	94	108	82	—	—	125	102	167	149	170	188
Income tax	19	23	30	36	36	38	38	35	39	18	25	28	30	24	42	30	39	45
Net income	30	33	46	54	63	61	60	60	69	64	84	86	94	78	125	119	130	143
Diluted EPS	$0.81	$0.89	$1.21	$1.41	$1.61	$1.57	$1.60	$1.62	$1.88	$1.72	$2.28	$2.33	$2.55	$2.11	$3.36	$3.17	$3.37	$3.66
Diluted shares (average)	36m	37m	38m	38m	39m	39m	38m	37m	37m	37m	37m	37m	37m	37m	37m	38m	39m	39m
EBITDA	100	111	133	152	159	160	161	153	166	141	162	167	181	168	239	228	251	272

US$ millions unless shown otherwise. Fiscal quarters.

American States Water Co: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	162	143	148	163	183	164	169	181
Cost of revenue	12	11	13	13	17	18	17	17
Gross profit	150	132	135	150	166	146	152	165
General and administrative	24	28	27	25	25	25	28	25
Operating income	55	39	46	51	62	45	51	64
Interest expense	13	11	12	12	12	11	12	12
Income before tax	46	31	35	44	54	36	40	58
Income tax	10	2	8	10	13	8	10	14
Net income	36	28	27	34	41	29	30	43
Diluted EPS	$0.95	$0.75	$0.70	$0.87	$1.06	$0.74	$0.76	$1.09
EBITDA	66	50	57	63	74	58	64	77

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from American States Water Co's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to American States Water Co.