American States Water Company (AWR)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 124,921 78,396 94,347 86,425 84,342
Revenue US$ in thousands 595,699 491,528 498,853 488,243 473,869
Net profit margin 20.97% 15.95% 18.91% 17.70% 17.80%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $124,921K ÷ $595,699K
= 20.97%

American States Water Co.'s net profit margin has demonstrated a positive trend over the past five years. The company's net profit margin increased from 17.72% in 2019 to 20.91% in 2023, indicating an improvement in profitability. This suggests that the company has been effective in managing its expenses and generating higher profits relative to its revenue.

In 2023, American States Water Co. achieved a net profit margin of 20.91%, which means that for every dollar of revenue generated, the company retained $0.2091 as net profit. This reflects a strong performance in converting revenue into profits and indicates efficient cost management and operational effectiveness.

The gradual increase in net profit margin from 2019 to 2023 signifies the company's ability to enhance profitability over time, potentially through strategies such as revenue growth, cost control, and operational efficiency improvements. Overall, the consistent improvement in net profit margin suggests positive financial health and performance for American States Water Co.


Peer comparison

Dec 31, 2023