Skip to content
American Water Works logo

American Water Works

AWK

American Water is the largest and most geographically diverse publicly traded water and wastewater utility in the United States.

Market cap
$25.75B-5.7%
Revenue$5.2B+8.1%
Net income$1.1B+2.9%
Free cash flow-$1.2B-50.3%
EPS (diluted)$5.64+2.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$1.3B
EPS estimate$1.55

Financials

Q1 2026

Income statement

See full
Revenue$1.2B+5.7%
Operating income$391.0M+5.4%
Net income$196.0M-4.4%
EPS (diluted)$1.00-4.8%

Balance sheet

See full
Cash & equivalents$171.0M+8.9%
Total debt$14.2B-1.3%
Total equity$11.0B+4.8%
Total assets$35.3B+6.4%

Cash flow

See full
Operating cash flow$305.0M-7.9%
CapEx$659.0M+20.3%
Free cash flow-$354.0M-63.1%

Valuation & ratios

Valuation

See full
Market cap$25.75B-5.7%
Enterprise value$39.79B-3.2%
P/E23.4×-1.8×
P/S-0.6×

Profitability

See full
Operating margin36.5%-0.1pp
Net margin21.2%-1.1pp
FCF margin-23.1%+14.8pp

Returns & leverage

See full
Return on equity10.2%-0.2pp
Debt / equity1.3×-0.1×
Current ratio0.4×-0.1×

Segments

By product

See full
Water Services$988.0M+6.4%
Wastewater Services$107.0M+5.9%
Miscellaneous utility charges$12.0M+9.1%

By segment

See full
Regulated Businesses$1.1B+6.3%

Competitors

Profile

American Water is the largest and most geographically diverse publicly traded water and wastewater utility in the United States. The company provides essential drinking water and wastewater services to millions of people across multiple states, primarily through regulated utility subsidiaries. Its core value proposition centers on the ownership and operation of critical infrastructure, long-term capital investment for system resiliency, and maintaining high standards of water quality and safety.

Competitive position

The company is the leading investor-owned water utility in the U.S. by population served and revenue, benefiting from high barriers to entry and regulated monopolies in its service territories.

GeographiesUnited States
Customer segmentsResidential, Commercial, Industrial, Governmental
Business modelRegulated Utility, Government Contracting, Infrastructure Ownership
SuppliersSurface water sources (reservoirs, lakes, rivers), Groundwater sources (wells, aquifers), Third-party water suppliers, Chemical suppliers (chlorine, activated carbon), Infrastructure equipment manufacturers
CustomersResidential households, Commercial businesses, Industrial manufacturing plants, Public fire services, Military installations
Listed1947
Employees6.5K
CEOJohn C. Griffith
SectorUtilities
FilingsSEC EDGAR

Questions, answered.

What is American Water Works's market cap?
American Water Works (AWK) has a market capitalization of $25.8B and trades on NYSE.
What is American Water Works's revenue and profitability?
American Water Works generated $5.2B in trailing twelve-month revenue with net income of $1.1B, representing a net margin of 21.2%, with free cash flow of -$1.2B. These figures are based on the Q1 2026 filing.
Who are American Water Works's competitors?
American Water Works's key competitors include California Water Service Group, Essential Utilities, Inc., American States Water Company, and others. These companies compete in similar markets and product categories.
Who does American Water Works partner with?
American Water Works's notable partners include Monterey One Water, Monterey Peninsula Water Management District.
What subsidiaries does American Water Works have?
American Water Works's subsidiaries include Essential Utilities, Inc., American Water Works Service Company, Inc., California American Water (Cal Am).
Where is American Water Works headquartered?
American Water Works is headquartered in United States of America and employs approximately 6,500 people. It has been publicly traded since 1947.