What is the primary revenue source for American States Water (AWR)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze AWR's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out American States Water's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How American States Water Makes Money: AWR Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

Operating margin improved by 1.89 percentage points year over year.

Revenue: USD 350.48M
Selling, general and administrative: USD 52.67M
Income tax expense: USD 24.35M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Income tax expenseIncome tax expense · IncomeTaxExpenseBenefit
Operating marginOperating income · operating_income / revenue * 100
RevenueTotal operating revenues · Revenues
Selling, general and administrativesum(SellingAndMarketingExpense, GeneralAndAdministrativeExpense)

The filing lacks sufficient revenue breakdown data to identify specific revenue sources.

Assets

Where is the money tied up, and how is the company financed?

Watch

Current assets do not cover near-term liabilities, indicating short-term funding pressure.

Property, plant and equipment: USD 2.37B
Accounts receivable: USD 41.67M
Cash and cash equivalents: USD 21.66M
Shareholder equity: USD 1.12B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityTotal common shareholders’ equity · StockholdersEquity
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue
Accounts receivableAccounts receivable - customers, less allowance for doubtful accounts · AccountsReceivableNetCurrent
Property, plant and equipmentNet property, plant and equipment · PropertyPlantAndEquipmentNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 160.43% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 73.22M
Operating cash flow: USD 117.47M
Cash conversion: 160.43%
Free cash flow: USD 19.91M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Share issuance proceeds exceeded dividends and repurchases, making the company a net equity raiser.

Cash dividends: USD 39.49M
Stock issuance proceeds: USD 39.88M
Net shareholder return: USD −384.00K

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsDividends paid · PaymentsOfDividends · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Stock issuance proceedsProceeds from issuance of common stock · ProceedsFromIssuanceOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

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Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?