CALIFORNIA WATER SERVICE GROUP (CWT)
Utilities · regulated water utilities · NYSE
California Water Service Group is a regulated water utility serving over 600,000 customers across California, Nevada, and New Mexico with water delivery and treatment services.
What CALIFORNIA WATER SERVICE GROUP does
California Water Service Group operates as a regulated water utility company, providing water supply, treatment, storage, recycling, and delivery services to residential, commercial, and industrial customers. The company serves approximately 600,000 customers across California, Nevada, and New Mexico through its subsidiaries. The company is subject to rate regulation by state public utility commissions and manages extensive utility plant infrastructure including treatment facilities, storage reservoirs, and distribution systems. Revenue is primarily derived from regulated water service rates, with operations focused on maintaining water quality compliance and managing water supply availability.
Themes: ["regulated water utility","water infrastructure","water quality and compliance","PFAS drinking water regulation","water supply management","rate regulation and recovery"]
Fundamentals
- Price$49.11 as of 2026-07-09 close
- Market cap$2.9B as of 2026-07-10
- 1-year return+6.1% as of 2026-07-09 close
- P/E24.71 as of 2026-07-10
- Net margin+11.8% as of 2026-07-10
- Gross margin+61.8% as of 2026-07-10
- ROE+7.1% as of 2026-07-10
- Debt / equity1.01 as of 2026-07-10
- Revenue growth (YoY)+4.2% as of 2026-07-10
- Revenue CAGR (3y)+7.6% SEC XBRL
- Beta0.50 as of 2026-07-10
Dividend: yield +2.7%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory risk: outcome and timeliness of rate case decisions by state public utility commissions, including the 2024 California general rate case (GRC), directly impact revenue and cost recovery ability","Water supply availability: drought conditions, climate change, and limited water sources in served regions (California, Nevada, New Mexico) could constrain operations and require expensive alternative water supply investments","Compliance and capital intensity: PFAS drinking water regulations finalized by EPA in 2024, evolving water quality standards, and environmental compliance requirements may require significant capital expenditures that may not be fully recoverable through rates"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.