California Water Service Group

CWTNYSEUtilities● Active

$45.37

$-0.45(-0.98%)

Market Cap$2.7B

P/E Ratio—

52W High$50.44

52W Low$41.29

Avg Volume541K

Open$45.47

Beta0.52

Overview

California Water Service Group (CWT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CWT · free cash flow · updated Jun 8, 2026

Core FCF metrics

CWT · FCF · TTM · margin & CAGR

Free cash flow was −$214.4M for FY2025 (fiscal year ending 2025-12-31), down 19.2% year-over-year The FCF margin was -21.4%.

FY2025 Free Cash Flow−$214.4M▼ -19.2% YoY

Trailing 12M (TTM)−$222.8Mtrailing 4 quarters sum

FCF Margin-21.4%−$214.4M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CWT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$302.6M(517M)−$214.4M▼ 19.2%-21.4%

FY2024$290.9M(471M)−$179.9M▼ 8.4%-17.4%

FY2023$217.8M(384M)−$165.9M▼ 97.6%-20.9%

FY2022$243.8M(328M)−$84.0M▼ 36.6%-9.9%

FY2021$231.7M(293M)−$61.5M▲ +66.0%-7.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CWT · P/FCF · FCF yield · FCF per share

California Water Service Group (CWT) reported negative free cash flow of −$0.21B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CWT · cash flow statement · operating / investing / financing

For FY2025, California Water Service Group generated $302.6M in operating cash flow and spent 517M in capital expenditures, yielding −$214.4M in free cash flow.

Operating Activities

+$302.6M

Cash from core business operations

2025-12-31

Investing Activities

−$520.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$219.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($302.6M) − |CapEx| (517M) = FCF (−$214.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

CWT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

California Water Service GroupYOU

CWT

−$214.4M-19.2%-21.4%

Loss

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

California Water Service Group (CWT) reported free cash flow of −$214.4M for FY2025 (fiscal year ending 2025-12-31), down 19.2% year-over-year. The FCF margin was -21.4%.

Based on available data, California Water Service Group has maintained positive free cash flow for at least 2 fiscal year(s). FCF peaked at $4.2M in FY2012.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CWT free cash flow · 8 questions

California Water Service Group free cash flow was −$214.4M for FY2025, down 19.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$222.8M.

CWT free cash flowCWT FCFCWT FCF 2025CWT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · California Water Service Group · California Water Service Group SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026