AMERICAN STATES WATER CO (AWR) FY2025 10-K Annual Report

Filed: Feb 18, 2026
Utilities
Water SupplySEC EDGAR

AMERICAN STATES WATER CO (AWR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

AMERICAN STATES WATER CO FY2025 10-K Analysis

Business Overview

  • Core business model: Regulated water, electric, and contracted utility services via subsidiaries GSWC, BVES, and ASUS
  • New emphasis on contracted services segment through multiple new subsidiaries including FBWS, ODUS, TUS, PSUS, ONUS, ECUS, FRUS, BSUS, PRUS
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Management Discussion & Analysis

  • No revenue or profitability figures disclosed in provided text
  • No segmented financial performance data with actual numbers included
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Risk Factors

  • Regulatory risk: CPUC rejection of full WRAM and MCBA for GSWC replaced by M-WRAM and ICBA effective 2025, increasing earnings volatility from water consumption fluctuations
  • Macroeconomic threat: U.S. tariffs increasing costs of construction materials and goods, with uncertain timing, scope, and exemptions impacting results
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AMERICAN STATES WATER CO FY2025 Key Financial Metrics
XBRL

Revenue

$658M

+10.5% YoY

Net Income

$130M

+9.4% YoY

Operating Margin

30.9%

-9bp YoY

Net Margin

19.8%

-21bp YoY

ROE

12.5%

-49bp YoY

Total Assets

$2.7B

+8.6% YoY

EPS (Diluted)

$3.37

+6.3% YoY

Operating Cash Flow

$230M

+15.6% YoY

Source: XBRL data from AMERICAN STATES WATER CO FY2025 10-K filing on SEC EDGAR. All figures in USD.

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