Filing Flows › California Water Service (CWT) › Q2 2026 › vs Q2 2025
California Water Service (CWT) Q2 2026 vs Q2 2025 (year over year)
California Water Service's revenue rose $21.8M (+9%) from $256M in Q2 2025 to $278M in Q2 2026. The biggest changes: Residential +$11.4M (+8%); Business +$3.7M (+8%); Other +$2.7M (+10%). Operating margin 25.5% against 20.2% (+5.3 pts).
California Water Service, Q2 2026: revenue $278M (+8% year over year), operating margin 25.5%, net earnings $56.5M, operating cash flow $63.6M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 25.5% | 20.2% | +5.3 pts |
| Net margin | 20.3% | 16.4% | +3.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Contract operating and maintenance revenue | $3.5M | $3.2M | $219K | +7% |
| Other non-regulated revenue | $2.2M | $1.1M | $1.1M | +100% |
| Non-regulated revenue from contracts with customers | $5.6M | $4.3M | $1.3M | +30% |
| Residential | $153M | $142M | $11.4M | +8% |
| Business | $51.7M | $48.1M | $3.7M | +8% |
| Other | $28.6M | $25.9M | $2.7M | +10% |
| Multiple residential | $22.6M | $20.7M | $1.8M | +9% |
| Public authorities | $15.2M | $13.0M | $2.2M | +17% |
| Revenue | $278M | $256M | $21.8M | +9% |
| Other income, net | $1.1M | −$1.1M | $2.2M | — |
| Operating profit | $70.9M | $51.8M | $19.1M | +37% |
| Costs & expenses | $207M | $204M | $2.7M | +1% |
| Pre-tax earnings | $72.0M | $50.7M | $21.3M | +42% |
| General & admin | $36.2M | $33.3M | $2.9M | +9% |
| Other operating costs | $171M | $171M | −$175K | -0.1% |
| Net earnings | $56.5M | $42.0M | $14.4M | +34% |
| Income tax | $15.6M | $8.7M | $6.9M | +80% |
| Depreciation & amortization | $30.0M | $36.6M | −$6.5M | -18% |
| Share-based compensation | $1.7M | $1.3M | $400K | +31% |
| Working capital & other | $24.6M | $31.0M | −$6.4M | -21% |
| Operating cash flow | $63.6M | $48.9M | $14.7M | +30% |
Questions
How much did California Water Service's revenue grow year over year in Q2 2026?
California Water Service's revenue rose $21.8M (+9%) from $256M in Q2 2025 to $278M in Q2 2026.
What drove California Water Service's revenue change in Q2 2026?
Residential +$11.4M (+8%); Business +$3.7M (+8%); Other +$2.7M (+10%).