AWKNYSEWater SupplyFiscal year ends December 31
American Water Works Company, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$133.57−1.37 (-1.02%)
Close on Oct 19, 2026
- Market cap
- $26.18B
- P/E (TTM)
- 23.1
- Dividend yield
- 2.48%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
36.7%+3.3 pts over 5 years
Net margin
21.7%+2.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.1% | +10.8% | +6.5% | +4.9% | |
| Operating income | +9.4% | +13.9% | +8.5% | +5.7% | |
| Net income | +5.7% | +10.7% | +9.4% | +8.8% | |
| EPS, diluted | +5.6% | +8.1% | +7.8% | +8.0% | |
| Dividend per share | +8.2% | +8.1% | +8.5% | +9.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.1% | 11.3% | 10.5% | |
| Return on assets | 2.6% | 3.0% | 3.3% | |
| Current ratio | 0.33 | 0.66 | 0.46 | |
| Debt to equity | 1.37 | 1.70 | 1.46 | |
| Net debt to EBITDA | 4.55× | 5.60× | 5.68× | |
| Interest coverage | – | – | 3.1× | |
| Capex to revenue | 39.7% | 48.7% | 61.0% | |
| Diluted shares | 179M | 182M | 195M |
Where the cash went
Fiscal 2021 to 2025, five years combined
American Water Works generated $8.53B from operations and spent $15.26B on capital expenditure, dividends and share buybacks. 83% of that went back into the business.
Generated
$8.53B
Used
$15.26B
Capital expenditure$12.62B83%Dividends$2.65B17%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin21.7%
×Asset turnover0.15×
×Equity multiplier3.23×
=Return on equity, FY202510.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 21.7% | 0.15× | 3.23× | 10.5% |
| FY2024 | 22.6% | 0.15× | 3.14× | 10.4% |
| FY2023 | 22.4% | 0.15× | 3.32× | 10.8% |
| FY2022 | 21.8% | 0.14× | 3.59× | 10.9% |
| FY2021 | 32.3% | 0.15× | 3.70× | 18.4% |
| FY2020 | 18.9% | 0.16× | 3.77× | 11.3% |
| FY2019 | 17.3% | 0.16× | 3.66× | 10.4% |
| FY2018 | 16.5% | 0.17× | 3.62× | 10.1% |
| FY2017 | 12.7% | 0.18× | 3.58× | 8.0% |
| FY2016 | 14.2% | 0.18× | 3.48× | 9.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.11B
- Cash generatingOperating cash flow above zero$2.06B
- Return on assets improvedROA up on the prior year3.5% → 3.4%
- Earnings backed by cashOperating cash flow above net income$2.06B vs $1.11B
- Less leverageLong-term debt to assets fell38.1% → 36.1%
- Better liquidityCurrent ratio rose0.39 → 0.46
- No dilutionShare count did not rise195M → 195M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.15 → 0.16