Filing Flows › American States Water (AWR) › How it makes money
How American States Water (AWR) makes money
American States Water (AWR) made $193M of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Of every dollar of revenue, 35¢ was left as operating profit, 22¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $193M | 100.0% |
| Operating profit | $67.3M | 35.0% |
| Income tax | $14.8M | 7.7% |
| Net earnings | $42.3M | 22.0% |
| Operating cash flow | $85.2M | 44.2% |
| Free cash flow | $27.2M | 14.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $193M | +5% |
| Q2 2026 | $181M | +11% |
| Q1 2026 | $169M | +14% |
| Q4 2025 | $164M | +15% |
| Q3 2025 | $183M | +13% |
| Q2 2025 | $163M | +5% |
| Q1 2025 | $148M | +9% |
From American States Water's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does American States Water make money?
American States Water (AWR) made $193M of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Of every dollar of revenue, 35¢ was left as operating profit, 22¢ was left as net earnings.
What is American States Water's profit margin?
Net earnings were $42.3M, 22.0% of revenue, in the third quarter 2026; the operating margin was 35.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.