The financials
California Water Service Group by the numbers
California Water Service Group (CWT) reported revenue of $278M in Q2 2026 (quarter ended Jun 30, 2026), up 8.5% from the same quarter a year earlier. That came with net income of $56M (20% of revenue). For the full year FY2025, revenue was $964M (+6.4% year on year) and net income $128M. Its largest product in Q2 2026 was Residential at $153M, 53% of the disclosed total, well ahead of Business at 18%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $278M | $256M | +8.5% |
| Operating income | $71M | $52M | +37% |
| Net income | $56M | $42M | +34% |
| Diluted EPS | $0.93 | $0.71 | +31% |
| Product | Revenue | Share |
|---|---|---|
| Residential | $153M | 53% |
| Business | $52M | 18% |
| Service Other | $29M | 9.9% |
| Multiple Residential | $23M | 7.8% |
| Public Authorities | $15M | 5.3% |
| Industrial | $6.5M | 2.2% |
| Non Regulated Services | $5.6M | 1.9% |
| Contract Operating And Maintenance | $3.5M | 1.2% |
| Other Non Regulated Service | $2.2M | 0.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $289.3M (+40%)
Other Non Regulated Service grew +100% year on yearIndustrial -0.61% year on year
Segment Latestquarter on quarteryear on year
- Residential$153.4M$153.4MQoQ +41%year on year +8.1%+41%+8.1%
- Business$51.7M$51.7MQoQ +23%year on year +7.6%+23%+7.6%
- Service Other$28.6M$28.6MQoQ +172%year on year +10%+172%+10%
- Multiple Residential$22.6M$22.6MQoQ +9.5%year on year +8.8%+9.5%+8.8%
- Public Authorities$15.2M$15.2MQoQ +62%year on year +17%+62%+17%
- Industrial$6.5M$6.5MQoQ +9.0%year on year -0.61%+9.0%-0.61%
- Non Regulated Services$5.6M$5.6MQoQ +22%year on year +30%+22%+30%
- Contract Operating And Maintenance$3.5M$3.5MQoQ +2.2%year on year +6.8%+2.2%+6.8%
- Other Non Regulated Service$2.2M$2.2MQoQ +74%year on year +100%+74%+100%
Utilities - Regulated Water
Ranks #4 of 6 by Smart Score