Filing Flows › California Water Service (CWT) › Q3 2026 › vs Q3 2025
California Water Service (CWT) Q3 2026 vs Q3 2025 (year over year)
California Water Service's revenue rose $17.1M (+5%) from $314M in Q3 2025 to $331M in Q3 2026. The biggest changes: Residential +$9.8M (+5%); Business +$5.1M (+9%); Industrial −$3.3M (-30%). Operating margin 25.0% against 22.5% (+2.5 pts).
California Water Service, Q3 2026: revenue $331M (+5% year over year), operating margin 25.0%, net earnings $65.4M, operating cash flow $149M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 25.0% | 22.5% | +2.5 pts |
| Net margin | 19.7% | 19.5% | +0.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Residential | $197M | $187M | $9.8M | +5% |
| Business | $61.3M | $56.3M | $5.1M | +9% |
| Multiple residential | $24.8M | $22.8M | $2.1M | +9% |
| Public authorities | $20.4M | $19.0M | $1.3M | +7% |
| Other | $20.3M | $18.2M | $2.1M | +12% |
| Industrial | $7.8M | $11.1M | −$3.3M | -30% |
| Other non-regulated revenue | $957K | $1.2M | −$261K | -21% |
| Revenue | $331M | $314M | $17.1M | +5% |
| Other income, net | $1.1M | $3.1M | −$2.0M | -66% |
| Operating profit | $82.7M | $70.6M | $12.1M | +17% |
| Costs & expenses | $248M | $243M | $5.0M | +2% |
| Pre-tax earnings | $83.7M | $73.7M | $10.0M | +14% |
| General & admin | $35.0M | $36.2M | −$1.2M | -3% |
| Other operating costs | $213M | $207M | $6.2M | +3% |
| Net earnings | $65.4M | $61.1M | $4.3M | +7% |
| Income tax | $18.3M | $12.6M | $5.7M | +46% |
| Depreciation & amortization | $35.4M | $36.7M | −$1.2M | -3% |
| Share-based compensation | $700K | $1.5M | −$800K | -53% |
| Working capital & other | $47.7M | $68.0M | −$20.3M | -30% |
| Operating cash flow | $149M | $167M | −$18.0M | -11% |
Questions
How much did California Water Service's revenue grow year over year in Q3 2026?
California Water Service's revenue rose $17.1M (+5%) from $314M in Q3 2025 to $331M in Q3 2026.
What drove California Water Service's revenue change in Q3 2026?
Residential +$9.8M (+5%); Business +$5.1M (+9%); Industrial −$3.3M (-30%).