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American States Water vs Consolidated Water: revenue, profit, margins and growth compared

American States Water brought in $658.1M of revenue in fiscal 2025, Consolidated Water $132.1M in fiscal 2025. Revenue changed by +10.5% at American States Water and -1.4% at Consolidated Water on the year before, so American States Water grew faster. American States Water kept 19.8% of its revenue as net profit, Consolidated Water 13.9%. Free cash flow was -$7.1M at American States Water and $33.2M at Consolidated Water.

Side by side, latest fiscal year

AWRCWCO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$658.1M$132.1M
Revenue growth+10.5%-1.4%
Net income$130.4M$18.3M
Net margin19.8%13.9%
Free cash flow-$7.1M$33.2M
Free cash flow margin-1.1%25.1%
Earnings per share (diluted)$3.37$1.14
Cash$18.8M$123.8M
Debt$794.3M$73.5K
Price to earnings24.624.4
Market value$3.3B$446.1M
Dividend yield2.34%1.90%
Rank by revenue in sector#85 of 109 · Utilities#96 of 109 · Utilities

Over the years

Revenue
AWR FY2018: $436.8MAWR FY2019: $473.9MAWR FY2020: $488.2MAWR FY2021: $498.9MAWR FY2022: $491.5MAWR FY2023: $595.7MAWR FY2024: $595.5MAWR FY2025: $658.1MCWCO FY2018: $65.7MCWCO FY2019: $68.8MCWCO FY2020: $72.6MCWCO FY2021: $66.9MCWCO FY2022: $94.1MCWCO FY2023: $180.2MCWCO FY2024: $134MCWCO FY2025: $132.1MFY18FY19FY20FY21FY22FY23FY24FY25
AWR $658.1MCWCO $132.1M
Net income
AWR FY2018: $63.9MAWR FY2019: $84.3MAWR FY2020: $86.4MAWR FY2021: $94.3MAWR FY2022: $78.4MAWR FY2023: $124.9MAWR FY2024: $119.3MAWR FY2025: $130.4MCWCO FY2018: $11.3MCWCO FY2019: $12.2MCWCO FY2020: $3.7MCWCO FY2021: $875.6KCWCO FY2022: $5.9MCWCO FY2023: $29.6MCWCO FY2024: $28.2MCWCO FY2025: $18.3MFY18FY19FY20FY21FY22FY23FY24FY25
AWR $130.4MCWCO $18.3M
Net margin
AWR FY2018: 14.6%AWR FY2019: 17.8%AWR FY2020: 17.7%AWR FY2021: 18.9%AWR FY2022: 15.9%AWR FY2023: 21.0%AWR FY2024: 20.0%AWR FY2025: 19.8%CWCO FY2018: 17.2%CWCO FY2019: 17.7%CWCO FY2020: 5.1%CWCO FY2021: 1.3%CWCO FY2022: 6.2%CWCO FY2023: 16.4%CWCO FY2024: 21.1%CWCO FY2025: 13.9%FY18FY19FY20FY21FY22FY23FY24FY25
AWR 19.8%CWCO 13.9%
Revenue growth
AWR FY2019: +8.5%AWR FY2020: +3.0%AWR FY2021: +2.2%AWR FY2022: -1.5%AWR FY2023: +21.2%AWR FY2024: -0.0%AWR FY2025: +10.5%CWCO FY2019: +4.7%CWCO FY2020: +5.6%CWCO FY2021: -7.9%CWCO FY2022: +40.7%CWCO FY2023: +91.5%CWCO FY2024: -25.7%CWCO FY2025: -1.4%FY19FY20FY21FY22FY23FY24FY25
AWR +10.5%CWCO -1.4%
Free cash flow
AWR FY2018: $10.2MAWR FY2019: -$35.1MAWR FY2020: -$8.3MAWR FY2021: -$28.9MAWR FY2022: -$48.4MAWR FY2023: -$120.9MAWR FY2024: -$33.2MAWR FY2025: -$7.1MCWCO FY2018: -$7.2MCWCO FY2019: $11.7MCWCO FY2020: $15.6MCWCO FY2021: $5.5MCWCO FY2022: $13.8MCWCO FY2023: $2.9MCWCO FY2024: $29.8MCWCO FY2025: $33.2MFY18FY19FY20FY21FY22FY23FY24FY25
AWR -$7.1MCWCO $33.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about American States Water and Consolidated Water

Which is bigger by revenue, American States Water or Consolidated Water?

American States Water is bigger by revenue: $658.1M in fiscal 2025, against $132.1M for Consolidated Water in fiscal 2025.

Which keeps more of its revenue as profit, American States Water or Consolidated Water?

American States Water had a net margin of 19.8% in fiscal 2025; Consolidated Water had 13.9% in fiscal 2025.

Which grew revenue faster, American States Water or Consolidated Water?

In their latest fiscal years revenue changed by +10.5% at American States Water and -1.4% at Consolidated Water.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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