AWR
American States Water Company
AWR's fundamentals are mixed: revenue grew 11%, but free cash flow fell 71%. At 24x earnings, it's trading below its usual 32x. Analysts expect earnings growth.
AWR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Under pressure | |
| Stable |
AWR's profitability is currently strong, and its revenue and balance sheet are stable, but its cash flow is under pressure.
AWR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 23x | $84.07 | -5.4% |
| Current | 24x | $88.89 | — |
| Forward | 24x | $88.89 | — |
| Fair | 32x | $116 | +30% |
| Expensive | 37x | $136 | +52% |
Historical ranges are pointers, not guarantees.
AWR's PE is in its cheap range at 24.4x. If earnings grow as analysts expect, today's price would be 23.6x next year's earnings.
AWR Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for AWR, but weaker profitability.
AWR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.77 | +3.3% |
| Q3 2026 | $3.65 | +8% |
| Q2 2026 | $3.65 | +12% |
| Q1 2026 | $3.43 | +5.5% |
| Q4 2025 | $3.37 | +6.3% |
| Q3 2025 | $3.38 | +14% |
| Q2 2025 | $3.27 | +14% |
| Q1 2025 | $3.25 | +6.6% |
| Q4 2024 | $3.17 | -5.7% |
AWR earned $3.65 per share over the past year, up 8% from the year before.
AWR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $192.5M | +5.4% |
| Q2 2026 | $181.3M | +11% |
| Q1 2026 | $169.2M | +14% |
| Q4 2025 | $164.3M | +15% |
| Q3 2025 | $182.7M | +13% |
| Q2 2025 | $163.1M | +5% |
| Q1 2025 | $148M | +9.4% |
| Q4 2024 | $143.1M | +14% |
AWR's revenue has grown year over year for nine quarters in a row: $193M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +1.2 points |
| Q2 2026 | 35% | +4 points |
| Q1 2026 | 30% | -0.4 points |
| Q4 2025 | 27% | +0.4 points |
| Q3 2025 | 34% | -0.3 points |
| Q2 2025 | 31% | -2.1 points |
| Q1 2025 | 31% | +1.9 points |
| Q4 2024 | 27% | -0.8 points |
AWR's operating margin was 35% last quarter, up 1.2 points from the same quarter a year ago.
AWR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $27.2M | -28% |
| Q2 2026 | -$3.6M | -126% |
| Q1 2026 | $22.6M | +$45.1M |
| Q4 2025 | -$36M | -696% |
| Q3 2025 | $37.7M | +$38.2M |
| Q2 2025 | $13.7M | +$50.7M |
| Q1 2025 | -$22.5M | -$20.8M |
| Q4 2024 | $6M | +$47.3M |
AWR has burned cash in most quarters: $10M over the past year, down 71% from the year before.
AWR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +300K shares |
| 1 year | +2.8% | +1.1M shares |
| 3 years | +7.3% | +2.7M shares |
| 5 years | +7.4% | +2.8M shares |
| Available history | +7.6% | +2.8M shares |
AWR has 40M diluted shares, up 2.8% from a year ago.
AWR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 3.0x | Moderate |
| Q4 2025 | 3.1x | Elevated |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 3.3x | Elevated |
| Q1 2025 | 2.8x | Moderate |
| Q4 2024 | 2.7x | Moderate |
AWR's net debt is about 2.5 years of its operating earnings (EBITDA), down from 3.1 years a year ago.
AWR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.1 | Neutral |
| Stochastic | 69.2 | Neutral |
AWR's weekly RSI is 61 (neutral) and its Stochastic is 69 (neutral).
AWR PE vs Utilities Sector
| Metric | AWR | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 20x | 19% above |
| PE % | 28 | 44 | 16 pts below |
AWR is trading at 24x earnings, a 19% premium to the Utilities sector's median of 20x.
AWR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $85.2 | 4.3% above |
| 20 week MA | $86.4 | 2.9% above |
| 50 week MA | $79.8 | 11% above |
| 100 week MA | $77.8 | 14% above |
| 200 week MA | $79.9 | 11% above |
AWR has climbed back above all five of its weekly moving averages, and it's now 11% above its 200-week average.
AWR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $86.9 | $77.7 | -11% |
| 2021 | $77.7 | $100.4 | +29% |
| 2022 | $100.4 | $93.7 | -6.6% |
| 2023 | $93.7 | $80.4 | -14% |
| 2024 | $80.4 | $78.0 | -3% |
| 2025 | $78.0 | $73.0 | -6.3% |
| 2026 YTD | $73.0 | $88.9 | +22% |
AWR has finished four years in a row lower, and it's up 22% so far in 2026.