Company Analysis

California Water Service (CWT)

NYSE: CWT · Water Supply · San Jose, CA · filing with the SEC since 1997
Grade5.0
◀ Past 5.1● Present 4.8▶ Future 5.1

The grade of California Water Service

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past5.125% of the headline
● Present4.845% of the headline
▶ Future5.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.1/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.1/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 71st percentile among 14 sector filers · read for itself

From the record

California Water Service's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.5/10

What has it actually done, year after year?

+5.6% a year over 10 filed years; profitable in 10 of 10.

weight 22% of this tense · 46th percentile among 14 sector filers · read for its customers

From the record

California Water Service's 10 filed years say what it did: revenue went from $590 million in fiscal 2016 to $964 million in fiscal 2025, up 5.6% a year; it rose in 8 of 9 years; the deepest fall was 2% from fiscal 2018 to fiscal 2019; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.6%bottom 18% of its family
  • the share of years revenue rosetop 36% of its family
  • the share of filed years with a profittop 39% of its family
  • the deepest fall from a revenue peak1.5%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.6/10

How has it treated the people who own it?

Share count grew 3.1% a year. 25% of cash flow returned. Insiders: 10 sales, 1 purchases.

weight 33% of this tense · 26th percentile among 11 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, California Water Service's diluted share count grew about 3.1% a year, and dividends and buybacks returned about 25% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 10 sales and 1 purchase of their own stock on the open market in the year to 2026-11-09, buying about $24 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 23% of its family
  • cash returned against operating cash flowbottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.8/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
3.5/10

Is it financially healthy right now?

ROE 8%: 8¢ of profit per shareholder dollar. Leverage 70%: owes 70¢ per asset dollar.

weight 45% of this tense · 35th percentile among 14 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, California Water Service earned about 8 cents of profit for every dollar of shareholders' money. Leverage: it owed about 70 cents per dollar of assets, and net share issuance: its share count grew 1.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 32% of its family
  • return on equitybottom 32% of its family
  • the share count against the year beforebottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.8/10

How strong is its position in its industry?

bottom 48% of 14 in its family; net margin 13.3%.

weight 33% of this tense · 48th percentile among 14 sector filers · read for its customers

From the record

California Water Service's standing among 14 graded names in its industry family: revenue of $964 million in fiscal 2025 ranks in the top 19% by size; a net margin of 13.3% ranks in the bottom 32%; revenue growth of 7.6% a year over the last 3 filed years ranks in the bottom 32% (its annual reports).

What it rests on

  • revenue against the family$964Mtop 19% of its family
  • net margin13.3%bottom 32% of its family
  • three-year revenue growth7.6%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
7.6/10

What are the people in charge doing?

top 24% of 13 in its family for leadership; chief executive since 2013.

weight 22% of this tense · 76th percentile among 13 sector filers · read for its shareholders

From the record

California Water Service's leadership, from its insiders' filings and its current reports: the chief executive on the record is Kropelnicki, Martin A (Chairman President & CEO, as filed), filing under that title since 2013-09-06, 13.2 years (top 19% of its family); the 25 officers and directors filing in the last fifteen months have been on the record a median of 5.9 years (top 50%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 25 people in charge now (top 4%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge2 in three years among 25 peopletop 4% of its family
  • the median years the people in charge have filed5.9 yearstop 50% of its family
  • the chief executive's years on the record13.2 yearstop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.1/10

How much room does it have to grow?

top 29% of 14 in its family for room to expand.

weight 22% of this tense · 71st percentile among 14 sector filers · read for itself

From the record

California Water Service's room to grow, from the newest filed statements (fiscal 2025): cash of $52 million against debt of $1.5 billion leaves -25% of its assets as net cash, top 25% of its family; cash from operations less capital spending is 31.4% of revenue (top 32%) (its annual report).

What it rests on

  • cash less debt against assets-25.0%top 25% of its family
  • cash from operations less capital spending against revenue31.4%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.6/10

What could actually drive growth from here?

bottom 46% of 14 in its family for growth drivers.

weight 45% of this tense · 46th percentile among 14 sector filers · read for its customers

From the record

California Water Service's growth drivers, from the filed years to fiscal 2025: revenue grew 7.6% a year over the last three filed years against 5.6% over all 10, speeding up (bottom 46% of its family); the newest year grew 6.4% (bottom 46%) (its annual reports). California Water Service tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+2.0 points a yearbottom 46% of its family
  • the newest year's revenue growth6.4%bottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.5/10

Did its newest year beat what its own record pointed to?

bottom 45% of 13 in its family for expectations against reality.

weight 33% of this tense · 45th percentile among 13 sector filers · read for its shareholders

From the record

California Water Service's newest year against its own record: revenue of $964 million in fiscal 2025 came in 1.7% below the $980 million its prior three years' pace pointed to (top 42% of its family); net income of $128 million against a prior three-year average of $113 million (bottom 42%); a net margin of 13.3% against 13.4% before (bottom 35%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-1.7%top 42% of its family
  • net income against the prior three years' average+14%bottom 42% of its family
  • net margin against its prior average-0.1 pointsbottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CWT · research, not advice