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American Water Works AWK Net debt / EBITDA

Net debt / EBITDA at other companies

CMS
CMS EnergyCMS
6.2×+0.4×
Eversource Energy logo
Eversource EnergyES
7.4×-1.3×
EVR
EvergyEVRG
4.9×0.0×
Atmos Energy logo
Atmos EnergyATO
3.8×+0.2×
WEC Energy Group logo
WEC Energy GroupWEC
5.7×+0.9×
Entergy logo
EntergyETR
4.9×-1.0×

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$24.49B-7.6%
Enterprise value$38.52B-5.6%
P/E22.2×-2.5×
P/S4.7×-0.8×

Profitability

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Operating margin36.5%-0.1pp
Net margin21.2%-1.1pp

Returns & leverage

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

Where this comes from

Calculated from American Water Works’s reported figures.

Based on the most recent quarter.

The official record: American Water Works’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Water Works's net debt / EBITDA?
American Water Works (AWK) reported net debt / EBITDA of 5× in Q1 2026.
How has American Water Works's net debt / EBITDA changed year-over-year?
American Water Works's net debt / EBITDA decreased by 9.7% year-over-year, from 5.5× to 5×.
What is the long-term trend for American Water Works's net debt / EBITDA?
Over 4 years (2021 to 2025), American Water Works's net debt / EBITDA has grown at a -2.6% compound annual growth rate (CAGR), from 23.3× to 21×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.