American Water Works Company, Inc. (AWK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.55	$1.61	+3.9%	—	$1.4B	—
Q1 26	$1.09	$1.01	-7.3%	—	$1.2B	—
Q4 25	$1.27	$1.24	-2.4%	—	$1.3B	—
Q3 25	$1.88	$1.94	+3.2%	—	$1.5B	—
Q2 25	$1.53	$1.48	-3.3%	—	$1.3B	—
Q1 25	$1.07	$1.05	-1.9%	—	$1.1B	—
Q4 24	$1.12	$1.22	+8.9%	—	$1.2B	—
Q3 24	$1.84	$1.8	-2.2%	—	$1.3B	—
Q2 24	$1.46	$1.42	-2.7%	—	$1.1B	—
Q1 24	$0.98	$0.95	-3.1%	—	$1B	—
Q4 23	$0.83	$0.88	+6.0%	—	$1B	—
Q3 23	$1.65	$1.7	+3.0%	—	$1.2B	—
Q2 23	$1.31	$1.47	+12.2%	—	$1.1B	—
Q1 23	$0.92	$0.91	-1.1%	—	$938M	—
Q4 22	$0.78	$0.73	-6.4%	—	$931M	—
Q3 22	$1.51	$1.63	+7.9%	—	$1.1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.69	—	—	$5.1B	—
FY24	—	$5.39	—	—	$4.7B	—
FY23	—	$4.9	—	—	$4.2B	—
FY22	—	$4.51	—	—	$3.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.3B	$3.4B	$3.4B	$3.6B	$3.8B	$3.9B	$3.8B	$4.2B	$4.7B	$5.1B
YoY change	+4.53%	+1.67%	+2.47%	+4.94%	+4.63%	+4.05%	-3.51%	+11.7%	+10.6%	+9.74%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.3B	3.4B	3.4B	3.6B	3.8B	3.9B	3.8B	4.2B	4.7B	5.1B
Cost of revenue	1.5B	1.4B	1.5B	1.5B	1.6B	1.8B	1.6B	1.7B	1.9B	2B
Gross profit	1.8B	2B	2B	2.1B	2.2B	2.2B	2.2B	2.5B	2.8B	3.1B
Gross margin	54.6%	59.2%	57%	57.2%	57.1%	54.8%	58.1%	59.4%	60.3%	60.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	-10M	—	—	—	-1M	—	—
Operating income	1.1B	1.2B	1.1B	1.2B	1.2B	1.2B	1.3B	1.5B	1.7B	1.9B
Operating margin	32.6%	36.8%	33.1%	33.6%	33%	30.4%	33.6%	35.5%	36.7%	36.6%
Non-operating income, net	20M	17M	-2M	1M	71M	843M	116M	79M	70M	68M
Pretax income	770M	912M	787M	833M	924M	1.6B	1B	1.2B	1.4B	1.4B
Income tax	302M	486M	222M	212M	215M	377M	188M	252M	308M	311M
Net income	468M	426M	565M	621M	709M	1.3B	820M	944M	1.1B	1.1B
Net margin	14.2%	12.7%	16.4%	17.2%	18.8%	32.1%	21.6%	22.3%	22.4%	21.6%
EBITDA	1.5B	1.7B	1.7B	1.8B	1.9B	1.9B	2.1B	2.4B	2.7B	2.9B
EPS	2.63	2.39	3.16	3.44	3.91	6.96	4.51	4.9	5.39	5.69
Diluted EPS	2.62	2.38	3.15	3.43	3.91	6.95	4.51	4.9	5.39	5.69

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.2B	1B	1B	1.1B	1.3B	1.2B	1.1B	1.3B	1.5B	1.3B	1.2B	1.4B
Cost of revenue	436M	472M	416M	427M	496M	519M	468M	480M	523M	548M	493M	481M
Gross profit	731M	560M	595M	722M	827M	682M	674M	796M	928M	723M	714M	874M
Gross margin	62.6%	54.3%	58.9%	62.8%	62.5%	56.8%	59%	62.4%	64%	56.9%	59.2%	64.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	0	—	-1M	—	—	—	—	1M	—	—	—
Operating income	478M	299M	326M	449M	543M	400M	371M	489M	614M	405M	391M	542M
Operating margin	41%	29%	32.2%	39.1%	41%	33.3%	32.5%	38.3%	42.3%	31.9%	32.4%	40%
Non-operating income, net	23M	16M	16M	18M	20M	16M	21M	16M	15M	16M	19M	27M
Pretax income	407M	218M	242M	361M	453M	303M	270M	376M	494M	282M	259M	405M
Income tax	84M	47M	57M	84M	103M	64M	65M	87M	115M	44M	63M	90M
Net income	323M	171M	185M	277M	350M	239M	205M	289M	379M	238M	196M	315M
Net margin	27.7%	16.6%	18.3%	24.1%	26.5%	19.9%	18%	22.6%	26.1%	18.7%	16.2%	23.2%
EBITDA	701M	517M	554M	685M	785M	646M	630M	748M	878M	675M	659M	812M
EPS	1.66	—	0.95	1.42	1.8	—	1.05	1.48	1.94	1.22	1	1.61
Diluted EPS	1.66	—	0.95	1.42	1.8	—	1.05	1.48	1.94	1.22	1	1.61

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	12.9B	16.3B	16.3B	22.2B	27.8B	34.4B	27.7B	25.5B	24.3B	25.4B	25.6B
Enterprise value	20B	23.9B	24.8B	31.7B	38.3B	45.3B	40.1B	37.6B	38.3B	41.3B	41.5B
Shares outstanding	178M	178M	180M	181M	181M	182M	182M	193M	195M	195M	195M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	27.5	38.2	28.9	35.8	39.2	27.2	33.8	27	23.1	22.9	22.7
P/S	3.9	4.85	4.75	6.16	7.35	8.75	7.32	6.02	5.18	4.95	4.85
P/B	2.47	3.02	2.79	3.63	4.3	4.71	3.61	2.6	2.35	2.35	2.2
EV/EBITDA	13	13.9	14.4	17.2	19.9	23.5	19.4	15.9	14.3	14.1	14.2
EV/Sales	6.05	7.13	7.21	8.79	10.1	11.5	10.6	8.88	8.17	8.03	7.85
Earnings yield	3.63%	2.62%	3.46%	2.79%	2.55%	3.67%	2.96%	3.71%	4.33%	4.37%	4.41%
FCF yield	-0.82%	-0.37%	-1.76%	-1.69%	-1.81%	-1.26%	-4.73%	-3.38%	-3.97%	-4.88%	-6.97%
PEG	—	—	—	—	—	—	—	—	—	—	2.58

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	54.6%	59.2%	57%	57.2%	57.1%	54.8%	58.1%	59.4%	60.3%	60.7%	64.5%
Operating margin	32.6%	36.8%	33.1%	33.6%	33%	30.4%	33.6%	35.5%	36.7%	36.6%	40.7%
Net margin	14.2%	12.7%	16.4%	17.2%	18.8%	32.1%	21.6%	22.3%	22.4%	21.6%	21.3%
ROE	8.97%	7.91%	9.64%	10.1%	11%	17.3%	10.7%	9.64%	10.2%	10.3%	10.1%
ROA	2.53%	2.19%	2.66%	2.74%	2.86%	4.84%	2.95%	3.12%	3.2%	3.13%	3.52%
ROIC	5.31%	4.43%	5.7%	5.8%	5.66%	5.05%	5.16%	5.42%	5.46%	5.51%	5.55%
Return on tangible assets	2.96%	2.55%	3.16%	3.18%	3.28%	5.31%	3.22%	3.37%	3.44%	3.35%	3.33%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.33	0.31	0.37	0.63	0.66	0.73	0.44	0.65	0.39	0.46	0.52
Quick ratio	0.31	0.29	0.35	0.61	0.65	0.7	0.41	0.59	0.35	0.44	0.49
Debt / equity	1.37	1.43	1.47	1.56	1.71	1.52	1.62	1.27	1.37	1.47	1.38
Debt / assets	0.39	0.4	0.41	0.42	0.45	0.42	0.45	0.41	0.43	0.45	0.44
Net debt / EBITDA	4.62	4.45	4.92	5.14	5.44	5.67	5.97	5.13	5.25	5.4	5.25
Interest coverage	—	—	—	3.16	3.33	5.07	3.33	3.6	3.6	3.31	3.22
Effective tax rate	39.2%	53.3%	28.2%	25.5%	23.3%	23%	18.7%	21.1%	22.7%	21.9%	21.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	18.6	18.9	19.1	19.9	20.9	21.6	20.8	21.9	24	26.4	27
EPS (basic)	2.63	2.39	3.16	3.44	3.91	6.96	4.51	4.9	5.39	5.69	5.69
EPS (diluted)	2.62	2.38	3.15	3.43	3.91	6.95	4.51	4.9	5.39	5.69	5.69
Book value per share	29.3	30.3	32.6	33.8	35.7	40.1	42.3	50.8	53	55.6	58.7
FCF per share	-0.6	-0.34	-1.59	-2.07	-2.77	-2.37	-7.21	-4.46	-4.94	-6.37	-6.24
Cash per share	0.42	0.31	0.72	0.33	3.02	0.64	0.47	1.71	0.49	0.5	1.14
Capex per share	0.47	0.43	0.48	0.57	0.59	0.6	0.68	0.82	0.78	16	17.2

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.54%	2.26%	2.53%	2.88%	2.81%	2.77%	3.24%	3.76%	3.25%	60.8%	63.7%
Capex / operating cash flow	7.25%	5.67%	6.86%	8.4%	7.53%	5.28%	9.7%	8.66%	7.9%	151.8%	144.1%
Payout ratio	55.8%	67.8%	56.5%	56.8%	54.9%	33.9%	57%	56.4%	55.7%	57%	58.5%
Dividend yield	2.03%	1.77%	1.95%	1.59%	1.4%	1.25%	1.68%	2.09%	2.41%	2.49%	2.78%

Yield

2.78%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.895

ex-dividend Aug 11, 2026

Payout ratio

59%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 11, 2026	$0.895
May 12, 2026	$0.895
Feb 10, 2026	$0.828

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.2B	$1B	$1B	$1.1B	$1.3B	$1.2B	$1.1B	$1.3B	$1.5B	$1.3B	$1.2B	$1.4B
YoY change	+7.86%	+10.8%	+7.78%	+4.74%	+13.4%	+16.4%	+13%	+11.1%	+9.67%	+5.83%	+5.69%	+6.19%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	75M	55M	130M	60M	547M	116M	85M	330M	96M	98M
Receivables	269M	272M	301M	294M	321M	271M	334M	339M	416M	395M
Inventory	39M	41M	41M	44M	47M	57M	98M	112M	103M	112M
Total current assets	784M	720M	781M	1.3B	1.9B	1.6B	1.3B	1.4B	1.2B	2.2B
Property, plant & equipment	-3.9B	-4.2B	-4.3B	-4.4B	-4.6B	-5B	-5.1B	-5.2B	-5.1B	-5.3B
Goodwill & intangibles	2.7B	2.8B	3.3B	3.1B	3.1B	2.3B	2.3B	2.3B	2.3B	2.3B
Total assets	18.5B	19.5B	21.2B	22.7B	24.8B	26.1B	27.8B	30.3B	32.8B	35.4B
Accounts payable	154M	195M	175M	203M	189M	235M	254M	294M	346M	378M
Short-term debt	1.4B	1.2B	1B	814M	1.6B	641M	1.5B	654M	1.5B	3.1B
Total current liabilities	2.4B	2.3B	2.1B	2B	2.9B	2.1B	2.8B	2.2B	3.1B	4.7B
Long-term debt	5.7B	6.5B	7.6B	8.7B	9.4B	10.4B	11B	11.8B	12.6B	12.9B
Total liabilities	13.3B	14.1B	15.4B	16.6B	18.3B	18.8B	20.1B	20.5B	22.5B	24.6B
Shareholders' equity	5.2B	5.4B	5.9B	6.1B	6.5B	7.3B	7.7B	9.8B	10.3B	10.8B
Total debt	7.2B	7.7B	8.6B	9.5B	11B	11.1B	12.5B	12.4B	14.1B	15.9B
Net debt	7.1B	7.7B	8.5B	9.5B	10.5B	10.9B	12.4B	12.1B	14B	15.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	628M	330M	584M	48M	127M	96M	114M	94M	166M	98M	137M	191M
Receivables	382M	339M	323M	393M	453M	416M	380M	424M	459M	395M	386M	432M
Inventory	111M	112M	115M	111M	105M	103M	107M	109M	109M	112M	114M	110M
Total current assets	1.8B	1.4B	1.6B	1.2B	1.2B	1.2B	1.2B	1.4B	1.6B	2.2B	1.5B	1.7B
Property, plant & equipment	24.8B	-5.2B	26.1B	26.6B	27.1B	-5.1B	28.5B	29B	29.7B	-5.3B	31.2B	32B
Goodwill & intangibles	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.6B
Total assets	29.8B	30.3B	31.1B	31.2B	31.8B	32.8B	33.2B	33.9B	34.7B	35.4B	35.3B	36.5B
Accounts payable	228M	294M	231M	215M	259M	346M	240M	306M	302M	378M	272M	326M
Short-term debt	492M	654M	557M	575M	800M	1.5B	1.1B	2.7B	2.3B	3.1B	2.9B	1.9B
Total current liabilities	1.7B	2.2B	1.9B	1.8B	2.1B	3.1B	2.4B	4B	3.7B	4.7B	4.1B	3.3B
Long-term debt	11.8B	11.8B	12.6B	12.6B	12.6B	12.6B	13.4B	12.4B	13.1B	12.9B	12.8B	14.1B
Total liabilities	19.9B	20.5B	21.1B	21.1B	21.4B	22.5B	22.6B	23.2B	23.8B	24.6B	24.2B	24.8B
Shareholders' equity	9.9B	9.8B	10B	10.2B	10.4B	10.3B	10.5B	10.7B	10.9B	10.8B	11B	11.7B
Total debt	12.3B	12.4B	13.2B	13.2B	13.4B	14.1B	14.5B	15.1B	15.4B	15.9B	15.7B	16.1B
Net debt	11.6B	12.1B	12.6B	13.2B	13.3B	14B	14.4B	15B	15.2B	15.8B	15.6B	15.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	468M	426M	565M	621M	709M	1.3B	820M	944M	1.1B	1.1B
Depreciation & amortization	470M	492M	545M	582M	604M	636M	649M	704M	788M	894M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	14M	63M	-35M	-101M	-53M	-3M	-237M	55M	-52M	-21M
Operating cash flow	1.2B	1.3B	1.3B	1.2B	1.4B	2.1B	1.3B	1.8B	1.9B	2.1B
Capital expenditure	-84M	-76M	-87M	-104M	-106M	-109M	-123M	-159M	-152M	-3.1B
Investing cash flow	-279M	-238M	-450M	-291M	-239M	228M	170M	-240M	-523M	-3.1B
Dividends paid	-261M	-289M	-319M	-353M	-389M	-428M	-467M	-532M	-585M	-633M
Share repurchases	-65M	-54M	-45M	-36M	0	0	—	—	—	—
Financing cash flow	315M	192M	710M	479M	1.1B	-345M	1B	1.2B	1.1B	1.2B
Net change in cash	1.2B	1.3B	1.5B	1.4B	2.3B	1.9B	2.4B	2.8B	2.5B	174M
Free cash flow	-106M	-61M	-287M	-375M	-502M	-432M	-1.3B	-860M	-963M	-1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	323M	171M	185M	277M	350M	239M	205M	289M	379M	238M	196M	315M
Depreciation & amortization	177M	181M	188M	193M	200M	207M	216M	221M	226M	231M	237M	240M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	53M	123M	-21M	-135M	-23M	127M	-155M	-112M	21M	225M	-311M	18M
Operating cash flow	606M	540M	353M	322M	601M	649M	250M	407M	764M	663M	305M	602M
Capital expenditure	-35M	-46M	-38M	-35M	-39M	-40M	-29M	-42M	-797M	-1B	-659M	-860M
Investing cash flow	-38M	-91M	-124M	-68M	-5M	-326M	-20M	-39M	-790M	-1.1B	133M	-1.2B
Dividends paid	-138M	-137M	-138M	-149M	-149M	-149M	-149M	-162M	-161M	-161M	-162M	-174M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	1B	63M	613M	-314M	88M	544M	254M	449M	149M	397M	-366M	199M
Net change in cash	1.6B	512M	842M	-60M	684M	867M	484M	817M	123M	-15M	72M	-370M
Free cash flow	-28M	-315M	-265M	-360M	-43M	-295M	-246M	-474M	-82M	-440M	-394M	-307M

American Water Works Company, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement