California Water Service Group (CWT)

Net profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Net income (ttm) US$ in thousands 190,807 201,276 175,034 144,039 51,788 41,229 62,663 72,591 96,011 79,945 86,502 105,243 101,125 113,119 147,050 114,106 96,831 92,670 38,734 50,449
Revenue (ttm) US$ in thousands 1,036,806 1,029,123 984,536 934,281 794,632 781,057 792,388 804,538 846,431 818,820 809,236 816,165 790,909 806,735 854,120 816,481 794,307 782,033 710,462 714,009
Net profit margin 18.40% 19.56% 17.78% 15.42% 6.52% 5.28% 7.91% 9.02% 11.34% 9.76% 10.69% 12.89% 12.79% 14.02% 17.22% 13.98% 12.19% 11.85% 5.45% 7.07%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $190,807K ÷ $1,036,806K
= 18.40%

The net profit margin of California Water Service Group has displayed fluctuations over the last few years. Starting from March 31, 2020, the net profit margin was 7.07% and experienced a downward trend until June 30, 2021, where it reached a low of 5.45%. However, there was a significant improvement in profitability from March 31, 2021, reaching a peak of 19.56% on September 30, 2024.

Despite the fluctuations, the company has generally been able to maintain a positive net profit margin, reflecting its ability to generate profits relative to its revenue. It is important to further assess the underlying reasons for these fluctuations in profitability to understand the factors driving the company's financial performance.