AMERICAN STATES WATER CO
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $658.1M | $595.5M | $595.7M | $491.5M | $498.9M | $488.2M | $473.9M | $436.8M |
| Cost of Revenue | $60.6M | $54.5M | $57.9M | $53.2M | $56.9M | $62.4M | $55.7M | $53.9M |
| Gross Profit | $597.5M | $540.9M | $537.8M | $438.4M | $441.9M | $425.8M | $418.2M | $382.9M |
| Gross Margin | 90.8% | 90.8% | 90.3% | 89.2% | 88.6% | 87.2% | 88.3% | 87.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $102.8M | $100.9M | $88.3M | $86.2M | $83.5M | $83.6M | $83.0M | $82.6M |
| Operating Income | $203.3M | $184.5M | $196.7M | $126.6M | $141.0M | $130.5M | $127.1M | $101.0M |
| Operating Margin | 30.9% | 31.0% | 33.0% | 25.8% | 28.3% | 26.7% | 26.8% | 23.1% |
| Interest Expense | — | — | $42.8M | $27.0M | $22.8M | $22.5M | $24.6M | $23.4M |
| Pretax Income | $169.8M | $149.4M | $166.5M | $102.1M | $124.8M | — | — | $81.9M |
| Income Tax Expense | $39.4M | $30.2M | $41.6M | $23.7M | $30.4M | $28.2M | $24.7M | $18.0M |
| Net Income | $130.4M | $119.3M | $124.9M | $78.4M | $94.3M | $86.4M | $84.3M | $63.9M |
| Net Margin | 19.8% | 20.0% | 21.0% | 15.9% | 18.9% | 17.7% | 17.8% | 14.6% |
| EPS (Basic) | $3.37 | $3.17 | $3.37 | $2.12 | $2.55 | $2.34 | $2.28 | $1.73 |
| EPS (Diluted) | $3.37 | $3.17 | $3.36 | $2.11 | $2.55 | $2.33 | $2.28 | $1.72 |
| Shares Outstanding (Basic) | 38.6M | 37.5M | 37.0M | 37.0M | 36.9M | 36.9M | 36.8M | 36.7M |
| Shares Outstanding (Diluted) | 38.7M | 37.6M | 37.1M | 37.0M | 37.0M | 37.0M | 37.0M | 36.9M |
| Dividends Per Share | $1.94 | $1.79 | $1.66 | $1.53 | $1.40 | $1.28 | $1.16 | $1.06 |