Filing Flows › California Water Service (CWT) › How it makes money
How California Water Service (CWT) makes money
California Water Service (CWT) made $332M of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Residential brought in $197M (59%); Business brought in $61.3M (18%); Multiple residential brought in $24.8M (7%). Of every dollar of revenue, 25¢ was left as operating profit, 20¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Residential | $197M | 59.2% | — | +5% |
| Business | $61.3M | 18.5% | — | +9% |
| Multiple residential | $24.8M | 7.5% | — | +9% |
| Public authorities | $20.4M | 6.1% | — | +7% |
| Other | $20.3M | 6.1% | — | +12% |
| Industrial | $7.8M | 2.3% | — | -30% |
| Other non-regulated revenue | $957K | 0.3% | — | -21% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $332M | 100.0% |
| Operating profit | $82.7M | 24.9% |
| Income tax | $18.3M | 5.5% |
| Net earnings | $65.4M | 19.7% |
| Operating cash flow | $149M | 44.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $331M | +5% |
| Q2 2026 | $278M | +8% |
| Q1 2026 | $197M | +8% |
| Q4 2025 | $211M | -3% |
| Q3 2025 | $314M | +3% |
| Q2 2025 | $256M | +13% |
| Q1 2025 | $183M | +18% |
From California Water Service's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does California Water Service make money?
California Water Service (CWT) made $332M of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Residential brought in $197M (59%); Business brought in $61.3M (18%); Multiple residential brought in $24.8M (7%). Of every dollar of revenue, 25¢ was left as operating profit, 20¢ was left as net earnings.
What is California Water Service's biggest business?
Residential: $197M in the third quarter 2026, 59% of revenue, +5% from a year earlier.
What is California Water Service's profit margin?
Net earnings were $65.4M, 19.7% of revenue, in the third quarter 2026; the operating margin was 24.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.