FirmAtlas

Company handbook · AWK · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17

AWK · CIK 1410636 · LATEST FILING: 10-Q JUN '26 · FILED JUL 29, 2026

AMERICAN WATER WORKS COMPANY, INC.

$134.94 +1.90 (+1.43%)

Close, Oct 16, 2026 · 52-week $121–146

↗ amwater.com

Last fiscal year

AMERICAN WATER WORKS COMPANY, INC. reported revenue of $5.1B for the year ended Dec 31, 2025 (FY25), up 10.1% from FY24. Net income was $1.1B, operating cash flow $2.1B and free cash flow −$1.1B. Source: 10-K filed Feb 18, 2026.

Market cap

$26.3B

P/E

23.3

EV/EBITDA

14.0x

P/B

2.3

Div yield

2.55%

ROIC

6.4%

Revenue 1Y

10.1%/yr

EPS 1Y

5.6%/yr

Shares 1Y

+0.0%

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Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOJohn C. Griffith

HQCamden, NJ

AuditorPricewaterhouseCoopers LLP

Year endsDecember

Compounded growth & averages

10Y

TTM

Share price

6.5%

−4.7%

4.0%

−5.8%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY24–FY25

$7.7B deployed

Capex $6.0B 77.8%

Acquisitions $488M 6.3%

Dividends $1.2B 15.8%

Operating cash flow over the period: $4.1B. Total debt changed by +$259M.

Capex was more than operating cash flow in FY25.

Sources 10-K FY25 10-Q Jun '26 All filings on EDGAR

Latest filings

Sep 17, 2026 Other announcement 8-K Sep 16, 2026 Other announcement 8-K Sep 9, 2026 Other announcement 8-K Aug 31, 2026 Other announcement 8-K Jul 29, 2026 Quarterly results 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

Upgrade to see 10 years

Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Revenue

4,653

5,121+10.1%

5,268

YoY

+10.1%

Operating income

1,718

1,879+9.4%

1,952

Operating margin

36.9%

36.7%−0.2 pp

—

EBITDA

2,506

2,773+10.7%

—

EBITDA margin

53.9%

54.1%+0.3 pp

—

Interest expense

523

615+17.6%

—

Interest coverage

4.79x

4.51x−0.28x

—

Net income

1,051

1,111+5.7%

1,128

YoY

+5.7%

Net margin

22.6%

21.7%−0.9 pp

—

EPS (diluted, $)

5.39

5.69+5.6%

5.77

YoY

+5.6%

Balance sheet

FY24 FY25

TTM

Total assets

32,830

35,442+8.0%

36,453

Cash & short-term investments

140

139−0.7%

—

Accounts receivable

416

395−5.0%

—

Net PP&E

28,038

30,576+9.1%

—

Other assets

4,236

4,332+2.3%

—

Total liabilities

22,498

24,605+9.4%

24,788

Accounts payable

346

378+9.2%

—

Total debt

12,521

12,780+2.1%

14,043

Other liabilities

9,631

11,447+18.9%

—

Shareholders’ equity

10,332

10,837+4.9%

11,665

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

2,045

2,059+0.7%

2,334

Net income

1,051

1,111+5.7%

—

Depreciation & amortization

788

894+13.5%

—

Stock-based compensation

32−11.1%

—

Working capital & other

170

22−87.1%

—

Cash from investing

(3,379)

(3,309)n/m

—

Capex

(2,856)

(3,126)n/m

—

PP&E sold

—

Acquisitions

(417)

(71)n/m

—

Investments bought

(135)

(46)n/m

—

Investments sold / matured

181

109−39.8%

—

Other investing

(152)

(175)n/m

—

Cash from financing

1,110

1,249+12.5%

—

Debt raised

1,437

1,781+23.9%

—

Debt repaid

(475)

(664)n/m

—

Dividends

(585)

(633)n/m

—

Shares issued

0n/m

—

Other financing

733

765+4.4%

—

Net change in cash

(224)

(1)n/m

—

Free cash flow (OCF − capex)

(811)

(1,067)n/m

(1,030)

Where the cash went

FY24 FY25

TTM

Operating cash flow

2,045

2,059+0.7%

2,334

Reinvested in the business

3,273

3,197−2.3%

—

% of operating cash flow

160.0%

155.3%

Capex

2,856

3,126+9.5%

3,364

Acquisitions

417

71−83.0%

—

Free cash flow

(811)

(1,067)n/m

(1,030)

YoY

n/m

Returned to shareholders

585

633+8.2%

—

% of free cash flow

—

Dividends

585

633+8.2%

—

Change in total debt

—

259

—

Cash left over

—

(1,512)

—

FCF conversion (FCF ÷ net income)

−77.2%

−96.0%−18.9 pp

—

Owner earnings

—

(1,068)

—

Owner earnings margin

—

−20.9%

—

Returns & ratios

FY24 FY25

TTM

ROIC (all capital)

5.8%

6.4%+0.5 pp

—

ROIC (operating)

4.7%

5.0%+0.3 pp

—

Net debt / EBITDA

4.94x

4.56x−0.38x

—

Debt / equity

1.21x

1.18x−0.03x

—

ROE

10.2%

10.3%+0.1 pp

—

ROA

3.2%

3.1%−0.1 pp

—

ROCE

5.8%

6.1%+0.3 pp

—

NOPAT

1,329

1,468+10.5%

—

Invested capital (operating)

28,108

30,593+8.8%

—

Invested capital (all)

22,713

23,478+3.4%

—

Reinvestment rate

—

169.3%

—

Net debt is 4.6x EBITDA (FY25).

Income

Sep '25

Dec '25

Mar '26

Jun '26

Revenue

1,454

1,261

1,203

1,350

vs year-ago quarter

Operating income

614

405

391

542

Net income

379

238

196

315

vs year-ago quarter

Net margin

26.1%

18.9%

16.3%

23.3%

EPS (diluted, $)

1.94

1.22

1.00

1.61

vs year-ago quarter

Balance sheet

Sep '25

Dec '25

Mar '26

Jun '26

Total assets

34,748

35,442

35,264

36,453

Cash & equivalents

209

139

171

228

Total debt

13,022

12,780

12,766

14,043

Shareholders’ equity

10,907

10,837

11,037

11,665

Cash flow

Sep '25

Dec '25

Mar '26

Jun '26

Operating cash flow

764

663

305

602

Capex

797

1,048

659

860

Free cash flow

(33)

(385)

(354)

(258)

vs year-ago quarter