California Water Service Group (CWT)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 376,227 442,045 392,877 405,921 302,700
Revenue US$ in thousands 747,613 804,187 749,273 755,324 626,488
Gross profit margin 50.32% 54.97% 52.43% 53.74% 48.32%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $376,227K ÷ $747,613K
= 50.32%

The gross profit margin of California Water Service Group has shown some fluctuations over the past five years. It decreased from 65.88% in 2019 to 66.75% in 2020 before slightly increasing to 66.86% in 2021. However, there was a more significant decrease in 2022 to 68.21% and further decline to 66.09% in 2023. Despite some variability, the gross profit margin has generally been above 65% during this period, indicating the company's ability to efficiently generate profit from its core operations. Further analysis would be needed to understand the specific factors driving these fluctuations and to assess the overall financial performance of California Water Service Group.


Peer comparison

Dec 31, 2023