California Water Service Group (CWT)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	190,807	51,911	96,011	101,125	96,831
Revenue	US$ in thousands	1,036,810	794,632	846,431	790,909	794,307
Net profit margin		18.40%	6.53%	11.34%	12.79%	12.19%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $190,807K ÷ $1,036,810K
= 18.40%

The net profit margin of California Water Service Group has shown fluctuations over the past five years. In December 31, 2020, the net profit margin stood at 12.19%, indicating that for every dollar of revenue generated, the company retained approximately $0.1219 as profit. By December 31, 2021, the margin increased slightly to 12.79%, suggesting an improvement in profitability.

However, in December 31, 2022, there was a decrease in the net profit margin to 11.34%, possibly indicating challenges or higher costs impacting the company's profitability. The trend continued into December 31, 2023, where the net profit margin decreased further to 6.53%, reflecting a significant decline in the profitability of the company during that period.

Nevertheless, by December 31, 2024, there was a remarkable improvement in the net profit margin, which surged to 18.40%. This significant increase in profitability may suggest successful cost management strategies, revenue growth, or other factors contributing to the company's bottom line.

Overall, while the net profit margin has experienced fluctuations, particularly in 2022 and 2023, the company managed to achieve a strong net profit margin of 18.40% by the end of 2024, indicating a positive trend towards higher profitability.