At present, American States Water reports a gross margin of 63.7%, an operating margin of 31.8%, an EBITDA margin of 41%, and a net margin of 20.5%. Each available margin increased from the same period last year. Operating margin recorded the strongest gain, rising by 0.9 percentage points.
AWR margin history
American States Water's margins averaged 63.95% gross, 31.43% operating, 41.08% EBITDA, and 20.01% net during the last 3 years. Against the three-year averages, operating and net margins are above their three-year averages and gross and EBITDA margins are below their three-year averages.
AWR margin expansion
Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 0.9 percentage points.
AWR Gross margin
American States Water's gross margin averaged 63.95% in the last 3 years. The current gross margin stands at 63.7%, 0.3 percentage points below its three-year average. Over the last 3 years, American States Water's gross margin peaked at 65.2% in Mar 2024 and reached a low of 62.9% in Mar 2026.
AWR Operating margin
Over the last 3 years, American States Water had an average operating margin of 31.43%. Against its three-year average, American States Water's operating margin is currently 31.8%, 0.4 percentage points above its three-year average. Looking back over the last 3 years, American States Water's operating margin reached 33% at its highest point in Dec 2023 and 30.8% at its lowest in Mar 2026.
AWR EBITDA margin
Reviewing the last 3 years, American States Water recorded an average EBITDA margin of 41.08%. American States Water's current EBITDA margin is 41% and is 0.1 percentage points below its three-year average. The highest EBITDA margin for American States Water was 42.4% in Dec 2023, while the lowest was 39.9% in Mar 2026.
AWR Net margin
Over the last 3 years, American States Water's net margin averaged 20.01%. As of the latest period, American States Water's current net margin is 20.5%, which is 0.5 percentage points above its three-year average. During this period, net margin reached a high of 21% in Dec 2023 and a low of 18.9% in Jun 2024.
AWR margin group comparison
American States Water's gross margin of 63.7% is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 42.8%, American States Water's gross margin is 49% higher.
AWR margin peer comparison
Frequently asked questions
What is American States Water's gross margin?
As of Jun 30, 2026, AWR has a gross margin of 63.7%.
What is American States Water's operating margin?
For the period ending Jun 30, 2026, AWR recorded an operating margin of 31.8%.
What is American States Water's EBITDA margin?
The current EBITDA margin for AWR is 41% as of Jun 30, 2026.
What is American States Water's net margin?
The current net margin for AWR is 20.5% as of Jun 30, 2026.
What are the average margins of AWR?
The three-year average margins for AWR were 64.0% gross, 31.4% operating, 41.1% EBITDA, and 20.0% net.
What are the highest historical margins of AWR?
Within the 5-year period, AWR recorded its highest margins at 65.2% gross in Mar 2024, 33% operating in Dec 2023, 42.4% EBITDA in Dec 2023, and 21% net in Dec 2023.
What are the lowest historical margins of AWR?
Looking back across 5 years, AWR reached its lowest margins at 62.2% gross in Sep 2022, 25.8% operating in Dec 2022, 34.7% EBITDA in Dec 2022, and 15.9% net in Dec 2022.