Company / Operating Margin
American States Water Company Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
30.9%
FY2025
5-year range
25.8% / 33.0%
FY2021-FY2025
Trend
-0.3%
vs FY2024
Sector context
#11 of 61
Utilities
What the data says
American States Water Company's operating margin of 30.9% is higher than 82% of companies in the Utilities sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 23.1% in FY2018 to 33.0% in FY2023.
Based on SEC 10-K filings.
30.9% in FY2025 with a 5-year CAGR of +4.2%. Top quartile in the Utilities sector.
Declined from 33.0% to 30.9% over the past 2 years.
Utilities sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +5.1pp
- 5-Year Change
- +4.2pp
- 10-Year Change
- -
Sector benchmark
+42.6% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 0.3% year-over-year.
- Currently 9.2pp above the Utilities sector average.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2018.
Company context
Key Data Points
- Altman Z-Score 0.75 (distress zone, below 1.8 threshold)
- Strong profit margin: 20.4%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 30.9% | -0.3% |
| FY2024 | 31.0% | -6.2% |
| FY2023 | 33.0% | +28.2% |
| FY2022 | 25.8% | -8.8% |
| FY2021 | 28.3% | +5.7% |
| FY2020 | 26.7% | -0.3% |
| FY2019 | 26.8% | +16.0% |
| FY2018 | 23.1% | -19.9% |
| FY2017 | 28.8% | +10.2% |
| FY2016 | 26.2% | +1.4% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026