California Water Service Group (CWT) - Net Assets
Based on the latest financial reports, California Water Service Group (CWT) has net assets worth $1.81 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.95 Billion) and total liabilities ($4.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check California Water Service Group (CWT) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.81 Billion |
| % of Total Assets | 30.4% |
| Annual Growth Rate | 8.18% |
| 5-Year Change | 44.38% |
| 10-Year Change | 156.57% |
| Growth Volatility | 8.18 |
California Water Service Group - Net Assets Trend (1994–2025)
This chart illustrates how California Water Service Group's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see CWT market cap overview.
Annual Net Assets for California Water Service Group (1994–2025)
The table below shows the annual net assets of California Water Service Group from 1994 to 2025. Also explore California Water Service Group (CWT) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.69 Billion | +3.28% |
| 2024-12-31 | $1.64 Billion | +14.54% |
| 2023-12-31 | $1.43 Billion | +8.16% |
| 2022-12-31 | $1.32 Billion | +12.84% |
| 2021-12-31 | $1.17 Billion | +27.20% |
| 2020-12-31 | $921.34 Million | +18.14% |
| 2019-12-31 | $779.91 Million | +6.81% |
| 2018-12-31 | $730.16 Million | +5.29% |
| 2017-12-31 | $693.46 Million | +5.15% |
| 2016-12-31 | $659.47 Million | +2.70% |
| 2015-12-31 | $642.15 Million | +2.48% |
| 2014-12-31 | $626.63 Million | +4.65% |
| 2013-12-31 | $598.76 Million | +26.40% |
| 2012-12-31 | $473.71 Million | +5.31% |
| 2011-12-31 | $449.83 Million | +3.28% |
| 2010-12-31 | $435.53 Million | +3.54% |
| 2009-12-31 | $420.63 Million | +4.39% |
| 2008-12-31 | $402.95 Million | +3.54% |
| 2007-12-31 | $389.18 Million | +1.94% |
| 2006-12-31 | $381.78 Million | +28.36% |
| 2005-12-31 | $297.42 Million | +2.18% |
| 2004-12-31 | $291.08 Million | +17.37% |
| 2003-12-31 | $248.00 Million | +22.35% |
| 2002-12-31 | $202.69 Million | +1.30% |
| 2001-12-31 | $200.09 Million | -1.09% |
| 2000-12-31 | $202.31 Million | +11.96% |
| 1999-12-31 | $180.70 Million | +4.88% |
| 1998-12-31 | $172.30 Million | +2.80% |
| 1997-12-31 | $167.60 Million | +6.28% |
| 1996-12-31 | $157.70 Million | +4.85% |
| 1995-12-31 | $150.40 Million | +1.69% |
| 1994-12-31 | $147.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to California Water Service Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 617.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $729.28 Million | 43.10% |
| Common Stock | $596.00K | 0.04% |
| Other Comprehensive Income | $-13.92 Million | -0.82% |
| Other Components | $976.02 Million | 57.69% |
| Total Equity | $1.69 Billion | 100.00% |
California Water Service Group Competitors by Market Cap
The table below lists competitors of California Water Service Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hanwha Life
KO:088350
|
$2.97 Billion |
|
Bank of Hawaii Corporation
NYSE:BOH
|
$2.97 Billion |
|
Agilysys Inc
NASDAQ:AGYS
|
$2.97 Billion |
|
Central Bank of India
NSE:CENTRALBK
|
$2.97 Billion |
|
ROCKWOOL International A/S
CO:ROCK-A
|
$2.97 Billion |
|
Sinoma International Engineering Co Ltd
SHG:600970
|
$2.97 Billion |
|
Changzhou Xingyu Automotive Lighting Systems Co Ltd
SHG:601799
|
$2.97 Billion |
|
Shijiazhuang Changshan Textile Co Ltd
SHE:000158
|
$2.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in California Water Service Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,638,286,000 to 1,691,975,000, a change of 53,689,000 (3.3%).
- Net income of 128,211,000 contributed positively to equity growth.
- Dividend payments of 73,853,000 reduced retained earnings.
- Share repurchases of 1,433,000 reduced equity.
- New share issuances of 4,044,000 increased equity.
- Other comprehensive income decreased equity by 6,705,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $128.21 Million | +7.58% |
| Dividends Paid | $73.85 Million | -4.36% |
| Share Repurchases | $1.43 Million | -0.08% |
| Share Issuances | $4.04 Million | +0.24% |
| Other Comprehensive Income | $-6.71 Million | -0.4% |
| Other Changes | $3.42 Million | +0.2% |
| Total Change | $- | 3.28% |
Book Value vs Market Value Analysis
This analysis compares California Water Service Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.56x to 1.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $6.35 | $48.05 | x |
| 1995-12-31 | $6.02 | $48.05 | x |
| 1996-12-31 | $6.26 | $48.05 | x |
| 1997-12-31 | $6.55 | $48.05 | x |
| 1998-12-31 | $5.74 | $48.05 | x |
| 1999-12-31 | $5.97 | $48.05 | x |
| 2000-12-31 | $6.69 | $48.05 | x |
| 2001-12-31 | $6.59 | $48.05 | x |
| 2002-12-31 | $6.67 | $48.05 | x |
| 2003-12-31 | $7.79 | $48.05 | x |
| 2004-12-31 | $8.21 | $48.05 | x |
| 2005-12-31 | $8.08 | $48.05 | x |
| 2006-12-31 | $10.09 | $48.05 | x |
| 2007-12-31 | $9.41 | $48.05 | x |
| 2008-12-31 | $9.72 | $48.05 | x |
| 2009-12-31 | $10.13 | $48.05 | x |
| 2010-12-31 | $10.46 | $48.05 | x |
| 2011-12-31 | $10.77 | $48.05 | x |
| 2012-12-31 | $11.31 | $48.05 | x |
| 2013-12-31 | $12.90 | $48.05 | x |
| 2014-12-31 | $13.10 | $48.05 | x |
| 2015-12-31 | $13.41 | $48.05 | x |
| 2016-12-31 | $13.75 | $48.05 | x |
| 2017-12-31 | $14.44 | $48.05 | x |
| 2018-12-31 | $15.19 | $48.05 | x |
| 2019-12-31 | $16.19 | $48.05 | x |
| 2020-12-31 | $18.70 | $48.05 | x |
| 2021-12-31 | $22.59 | $48.05 | x |
| 2022-12-31 | $24.24 | $48.05 | x |
| 2023-12-31 | $25.04 | $48.05 | x |
| 2024-12-31 | $27.93 | $48.05 | x |
| 2025-12-31 | $28.37 | $48.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently California Water Service Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.82%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 3.35x
- Recent ROE (7.58%) is below the historical average (9.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 9.74% | 9.15% | 0.34x | 3.14x | $-390.00K |
| 1995 | 9.77% | 8.90% | 0.34x | 3.22x | $-340.00K |
| 1996 | 12.11% | 10.45% | 0.36x | 3.25x | $3.33 Million |
| 1997 | 13.90% | 11.93% | 0.37x | 3.17x | $6.54 Million |
| 1998 | 10.68% | 9.88% | 0.34x | 3.18x | $1.17 Million |
| 1999 | 11.01% | 9.64% | 0.35x | 3.25x | $1.83 Million |
| 2000 | 9.87% | 8.15% | 0.37x | 3.29x | $-267.90K |
| 2001 | 7.48% | 6.06% | 0.35x | 3.55x | $-5.04 Million |
| 2002 | 9.41% | 7.25% | 0.33x | 3.95x | $-1.20 Million |
| 2003 | 7.83% | 7.01% | 0.32x | 3.52x | $-5.38 Million |
| 2004 | 8.94% | 8.25% | 0.33x | 3.24x | $-3.08 Million |
| 2005 | 9.15% | 8.49% | 0.32x | 3.35x | $-2.52 Million |
| 2006 | 6.70% | 7.64% | 0.29x | 3.05x | $-12.60 Million |
| 2007 | 8.01% | 8.49% | 0.31x | 3.04x | $-7.76 Million |
| 2008 | 9.88% | 9.70% | 0.29x | 3.52x | $-489.90K |
| 2009 | 9.64% | 9.02% | 0.29x | 3.63x | $-1.51 Million |
| 2010 | 8.65% | 8.18% | 0.27x | 3.89x | $-5.90 Million |
| 2011 | 8.38% | 7.52% | 0.27x | 4.12x | $-7.27 Million |
| 2012 | 10.31% | 8.72% | 0.28x | 4.21x | $1.46 Million |
| 2013 | 7.89% | 8.09% | 0.30x | 3.27x | $-12.62 Million |
| 2014 | 9.05% | 9.50% | 0.27x | 3.49x | $-5.92 Million |
| 2015 | 7.01% | 7.65% | 0.26x | 3.50x | $-19.20 Million |
| 2016 | 7.38% | 7.99% | 0.25x | 3.66x | $-17.27 Million |
| 2017 | 9.69% | 10.07% | 0.24x | 3.95x | $-2.17 Million |
| 2018 | 8.98% | 9.39% | 0.25x | 3.89x | $-7.43 Million |
| 2019 | 8.09% | 8.83% | 0.22x | 4.12x | $-14.87 Million |
| 2020 | 10.51% | 12.19% | 0.23x | 3.68x | $4.70 Million |
| 2021 | 8.67% | 12.79% | 0.22x | 3.11x | $-15.53 Million |
| 2022 | 7.29% | 11.34% | 0.21x | 2.99x | $-35.75 Million |
| 2023 | 3.64% | 6.53% | 0.17x | 3.29x | $-90.76 Million |
| 2024 | 11.65% | 18.40% | 0.20x | 3.16x | $26.98 Million |
| 2025 | 7.58% | 12.82% | 0.18x | 3.35x | $-40.99 Million |
Industry Comparison
This section compares California Water Service Group's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $224,070,260
- Average return on equity (ROE) among peers: 148.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| California Water Service Group (CWT) | $1.81 Billion | 9.74% | 2.29x | $2.97 Billion |
| Aris Water Solutions Inc (ARIS) | $189.00K | 1292.59% | 70.20x | $596.81 Million |
| Artesian Resources Corporation (ARTNA) | $57.81 Million | 8.71% | 3.22x | $331.26 Million |
| American Water Works (AWK) | $1.24 Billion | 9.60% | 2.48x | $26.81 Billion |
| American States Water Company (AWR) | $201.86 Million | 10.13% | 2.39x | $3.46 Billion |
| Consolidated Water Co Ltd (CWCO) | $4.10 Million | 12.20% | 1.46x | $451.97 Million |
| Global Water Resources Inc (GWRS) | $32.19 Million | 3.43% | 7.81x | $250.41 Million |
| H2O America (HTO) | $252.76 Million | 6.00% | 2.48x | $1.74 Billion |
| Middlesex Water Company (MSEX) | $180.33 Million | 7.46% | 1.98x | $935.05 Million |
| Pure Cycle Corporation (PCYO) | $47.29 Million | -12.72% | 1.46x | $268.28 Million |
About California Water Service Group
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. The company offers its services … Read more