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American Water Works (AWK) Financials

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$145.29 +0.87 (+0.60%)
As of 11:59 AM Eastern
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Annual Income Statements for American Water Works

Annual Income Statements for American Water Works

This table shows American Water Works' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
423 476 468 426 567 621 709 1,263 820 944 1,051
Consolidated Net Income / (Loss)
423 476 468 426 565 621 709 1,263 820 944 1,051
Net Income / (Loss) Continuing Operations
430 476 468 426 565 621 709 1,263 820 944 1,051
Total Pre-Tax Income
710 782 770 912 787 833 924 1,640 1,008 1,196 1,359
Total Operating Income
1,003 1,075 1,085 1,253 1,102 1,214 1,248 1,196 1,273 1,504 1,718
Total Gross Profit
1,661 1,755 1,803 1,988 1,961 2,066 2,155 2,153 2,203 2,514 2,826
Total Revenue
3,011 3,159 3,302 3,357 3,440 3,610 3,777 3,930 3,792 4,234 4,684
Operating Revenue
3,011 3,159 3,302 3,357 3,440 3,610 3,777 3,930 3,792 4,234 4,684
Total Cost of Revenue
1,350 1,404 1,499 1,369 1,479 1,544 1,622 1,777 1,589 1,720 1,858
Operating Cost of Revenue
1,350 1,404 1,499 1,369 1,479 1,544 1,622 1,777 1,589 1,720 1,858
Total Operating Expenses
658 680 718 735 859 852 907 957 930 1,010 1,108
Depreciation Expense
424 440 470 492 545 582 604 636 649 704 788
Other Operating Expenses / (Income)
236 243 258 259 277 270 303 321 281 306 320
Total Other Income / (Expense), net
-293 -293 -315 -341 -315 -381 -324 444 -265 -308 -359
Interest Expense
- 0.00 0.00 7.00 - 386 397 403 433 460 523
Interest & Investment Income
-299 -308 -325 -342 -350 4.00 2.00 4.00 52 73 94
Other Income / (Expense), net
6.00 15 10 8.00 35 1.00 71 843 116 79 70
Income Tax Expense
280 306 302 486 222 212 215 377 188 252 308
Basic Earnings per Share
$2.36 $2.66 $2.63 $2.39 $3.16 $3.44 $3.91 $6.96 $4.51 $4.90 $5.39
Weighted Average Basic Shares Outstanding
179M 179M 178M 178M 180M 181M 181M 182M 182M 193M 195M
Diluted Earnings per Share
$2.35 $2.64 $2.62 $2.38 $3.15 $3.43 $3.91 $6.95 $4.51 $4.90 $5.39
Weighted Average Diluted Shares Outstanding
180M 180M 179M 179M 180M 181M 182M 182M 182M 193M 195M
Weighted Average Basic & Diluted Shares Outstanding
179.20M 178.90M 177.90M 178.20M 179.40M 180.97M 181.44M 181.72M 181.86M 194.76M 194.95M

Quarterly Income Statements for American Water Works

This table shows American Water Works' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
147 170 280 323 171 185 277 350 239 205 289
Consolidated Net Income / (Loss)
147 170 280 323 171 185 277 350 239 205 289
Net Income / (Loss) Continuing Operations
147 170 280 323 171 185 277 350 239 205 289
Total Pre-Tax Income
178 214 357 407 218 242 361 453 303 270 376
Total Operating Income
261 295 432 478 299 326 449 543 400 371 489
Total Gross Profit
498 545 678 731 560 595 722 827 682 674 796
Total Revenue
931 938 1,097 1,167 1,032 1,011 1,149 1,323 1,201 1,142 1,276
Operating Revenue
931 938 1,097 1,167 1,032 1,011 1,149 1,323 1,201 1,142 1,276
Total Cost of Revenue
433 393 419 436 472 416 427 496 519 468 480
Operating Cost of Revenue
433 393 419 436 472 416 427 496 519 468 480
Total Operating Expenses
237 250 246 253 261 269 273 284 282 303 307
Depreciation Expense
164 172 174 177 181 188 193 200 207 216 221
Other Operating Expenses / (Income)
73 78 72 76 80 81 80 84 75 87 86
Total Other Income / (Expense), net
-83 -81 -75 -71 -81 -84 -88 -90 -97 -101 -113
Interest Expense
116 115 110 117 118 124 131 132 136 144 151
Interest & Investment Income
13 14 15 23 21 24 25 22 23 22 22
Other Income / (Expense), net
20 20 20 23 16 16 18 20 16 21 16
Income Tax Expense
31 44 77 84 47 57 84 103 64 65 87
Basic Earnings per Share
$0.81 $0.91 $1.44 $1.66 $0.89 $0.95 $1.42 $1.80 $1.22 $1.05 $1.48
Weighted Average Basic Shares Outstanding
182M 186M 195M 195M 193M 195M 195M 195M 195M 195M 195M
Diluted Earnings per Share
$0.81 $0.91 $1.44 $1.66 $0.89 $0.95 $1.42 $1.80 $1.22 $1.05 $1.48
Weighted Average Diluted Shares Outstanding
182M 186M 195M 195M 193M 195M 195M 195M 195M 195M 195M
Weighted Average Basic & Diluted Shares Outstanding
181.86M 194.64M 194.67M 194.70M 194.76M 194.82M 194.86M 194.89M 194.95M 195.01M 195.10M
Cash Dividends to Common per Share
- - $0.71 $0.71 - - $0.77 $0.77 - - $0.83

Annual Cash Flow Statements for American Water Works

This table details how cash moves in and out of American Water Works' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
-4.00 26 27 -16 76 -68 485 -440 -19 247 -224
Net Cash From Operating Activities
1,097 1,195 1,289 1,449 1,386 1,383 1,426 1,441 1,108 1,874 2,045
Net Cash From Continuing Operating Activities
1,097 1,195 1,289 1,449 1,386 1,349 1,426 1,441 1,108 1,874 2,045
Net Income / (Loss) Continuing Operations
423 476 468 426 565 621 709 1,263 820 944 1,051
Consolidated Net Income / (Loss)
423 476 468 426 565 621 709 1,263 820 944 1,051
Depreciation Expense
424 440 470 492 545 582 604 636 649 704 788
Non-Cash Adjustments To Reconcile Net Income
-7.00 -20 47 -54 51 -27 0.00 -774 -35 -9.00 62
Changes in Operating Assets and Liabilities, net
257 299 304 585 225 173 113 316 -326 235 144
Net Cash From Investing Activities
-1,014 -1,459 -1,590 -1,672 -2,036 -1,945 -2,061 -1,536 -2,127 -2,815 -3,379
Net Cash From Continuing Investing Activities
-1,014 -1,459 -1,590 -1,672 -2,036 -1,945 -2,061 -1,536 -2,127 -2,815 -3,379
Purchase of Property, Plant & Equipment
-956 -1,160 -1,311 -1,434 -1,586 -1,654 -1,822 -1,764 -2,297 -2,575 -2,856
Acquisitions
-9.00 -197 -204 -177 -398 -235 -135 -135 -315 -81 -417
Purchase of Investments
- - - - - - - - 0.00 0.00 -135
Sale of Property, Plant & Equipment
14 5.00 9.00 15 35 48 2.00 472 608 0.00 0.00
Sale and/or Maturity of Investments
- - - - - - - - 0.00 0.00 181
Other Investing Activities, net
-63 -107 -84 -76 -87 -104 -106 -109 -123 -159 -152
Net Cash From Financing Activities
-87 290 328 207 726 494 1,120 -345 1,000 1,188 1,110
Net Cash From Continuing Financing Activities
-87 290 328 207 726 479 1,120 -345 1,000 1,188 1,110
Repayment of Debt
-460 7.00 88 -943 -548 -510 -353 -597 571 -1,292 219
Payment of Dividends
-216 -239 -261 -289 -319 -353 -389 -428 -467 -532 -585
Issuance of Debt
562 625 553 1,450 1,439 1,352 1,834 618 822 1,264 1,437
Issuance of Common Equity
21 39 13 15 199 - - 0.00 0.00 1,688 0.00
Other Financing Activities, net
6.00 -16 - 28 0.00 26 28 62 74 60 39
Cash Interest Paid
301 309 327 338 332 383 382 389 414 445 483
Cash Income Taxes Paid
16 12 16 30 38 12 7.00 1.00 335 0.00 -5.00

Quarterly Cash Flow Statements for American Water Works

This table details how cash moves in and out of American Water Works' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
13 125 582 -163 -297 262 -528 79 -37 17 -22
Net Cash From Operating Activities
344 285 429 633 527 382 345 679 639 331 301
Net Cash From Continuing Operating Activities
344 285 429 633 527 382 345 679 639 331 301
Net Income / (Loss) Continuing Operations
147 170 280 323 171 185 277 350 239 205 289
Consolidated Net Income / (Loss)
147 170 280 323 171 185 277 350 239 205 289
Depreciation Expense
164 172 174 177 181 188 193 200 207 216 221
Non-Cash Adjustments To Reconcile Net Income
56 -32 -2.00 21 4.00 9.00 -29 48 34 -13 -6.00
Changes in Operating Assets and Liabilities, net
-23 -25 -23 112 171 0.00 -96 81 159 -77 -203
Net Cash From Investing Activities
-765 -561 -703 -664 -887 -733 -738 -688 -1,220 -568 -772
Net Cash From Continuing Investing Activities
-765 -561 -703 -664 -887 -733 -738 -688 -1,220 -568 -772
Purchase of Property, Plant & Equipment
-700 -526 -627 -626 -796 -609 -670 -683 -894 -548 -733
Acquisitions
-27 -4.00 -29 -3.00 -45 -86 -33 - -298 -3.00 -10
Purchase of Investments
- - - - - 0.00 - - -22 -27 -8.00
Sale and/or Maturity of Investments
- - - - - 0.00 - - 34 39 21
Other Investing Activities, net
-38 -31 -47 -35 -46 -38 -35 -39 -40 -29 -42
Net Cash From Financing Activities
434 401 856 -132 63 613 -135 88 544 254 449
Net Cash From Continuing Financing Activities
434 401 856 -132 63 613 -135 88 544 254 449
Repayment of Debt
543 -1,186 -176 -92 162 -643 -13 209 666 -420 523
Payment of Dividends
-119 -119 -138 -138 -137 -138 -149 -149 -149 -149 -162
Issuance of Debt
- 8.00 1,152 86 18 1,391 12 13 21 810 66
Other Financing Activities, net
10 10 18 12 20 3.00 15 15 6.00 13 22

Annual Balance Sheets for American Water Works

This table presents American Water Works' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
16,038 17,241 18,482 19,482 21,223 22,682 24,766 26,075 27,787 30,298 32,830
Total Current Assets
575 657 784 720 781 1,285 1,906 1,554 1,250 1,389 1,215
Cash & Equivalents
23 45 75 55 130 60 547 116 85 330 96
Restricted Cash
14 21 20 27 28 31 29 20 32 34 29
Accounts Receivable
453 522 532 484 487 466 527 519 609 641 731
Inventories, net
37 38 39 41 41 44 47 57 98 112 103
Current Deferred & Refundable Income Taxes
- - - - - - - 4.00 114 86 25
Other Current Assets
48 31 118 113 95 118 127 155 312 186 231
Plant, Property, & Equipment, net
13,029 13,933 14,992 16,246 17,409 18,232 19,710 21,084 23,223 25,438 28,038
Plant, Property & Equipment, gross
17,269 18,504 19,954 21,716 23,204 23,941 25,614 27,413 29,736 32,189 35,059
Accumulated Depreciation
4,240 4,571 4,962 5,470 5,795 5,709 5,904 6,329 6,513 6,751 7,021
Total Noncurrent Assets
2,434 2,651 2,706 2,516 3,033 3,165 3,150 3,437 3,314 3,471 3,577
Noncurrent Note & Lease Receivables
- - - - - - 0.00 - 720 720 795
Goodwill
1,208 1,302 1,345 1,379 1,575 1,501 1,504 1,139 1,143 1,143 1,144
Other Noncurrent Operating Assets
1,226 1,349 1,361 1,128 1,219 1,335 1,323 1,385 1,369 1,522 1,549
Other Noncurrent Nonoperating Assets
- - - - - 103 95 720 82 86 89
Total Liabilities & Shareholders' Equity
16,038 17,241 18,482 19,482 21,223 22,682 24,766 26,075 27,787 30,298 32,830
Total Liabilities
11,108 12,180 13,254 14,089 15,352 16,556 18,308 18,774 20,091 20,498 22,495
Total Current Liabilities
1,241 1,533 2,392 2,325 2,094 2,045 2,881 2,141 2,811 2,151 3,150
Short-Term Debt
511 682 1,423 1,227 1,035 814 1,611 641 1,456 654 1,516
Accounts Payable
100 126 154 195 175 203 189 235 254 294 346
Accrued Expenses
395 493 609 630 556 596 591 701 706 791 791
Current Deferred & Payable Income Tax Liabilities
25 26 31 33 45 46 50 176 49 67 156
Other Current Liabilities
153 144 112 167 196 174 215 217 255 252 230
Other Current Nonoperating Liabilities
57 62 63 73 87 212 225 171 91 93 111
Total Noncurrent Liabilities
9,867 10,647 10,862 11,764 13,258 14,511 15,427 16,633 17,280 18,347 19,345
Long-Term Debt
5,427 5,862 5,749 6,490 7,569 8,639 9,329 10,341 10,926 11,715 12,518
Capital Lease Obligations
- - - - - - 81 80 70 73 76
Asset Retirement Reserve & Litigation Obligation
392 402 403 1,664 - - 1,770 1,600 1,590 1,481 1,416
Noncurrent Deferred Revenue
368 349 300 271 252 240 270 284 316 352 383
Noncurrent Deferred & Payable Income Tax Liabilities
2,059 2,334 2,619 1,573 1,740 1,893 2,113 2,421 2,437 2,717 2,881
Noncurrent Employee Benefit Liabilities
509 511 506 424 390 411 388 285 235 262 217
Other Noncurrent Operating Liabilities
1,112 1,189 1,285 1,342 3,307 3,328 1,476 1,622 1,706 1,747 1,854
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
4,915 5,049 5,218 5,385 5,864 6,121 6,454 7,298 7,693 9,797 10,332
Total Preferred & Common Equity
4,915 5,049 5,218 5,385 5,864 6,121 6,454 7,298 7,693 9,797 10,332
Preferred Stock
- - - - - 5.00 4.00 - 3.00 3.00 3.00
Total Common Equity
4,915 5,049 5,218 5,385 5,864 6,121 6,454 7,298 7,693 9,797 10,332
Common Stock
6,304 6,353 6,390 6,434 6,659 6,702 6,749 6,783 6,826 8,552 8,600
Retained Earnings
-1,296 -1,073 -873 -723 -464 -207 102 925 1,267 1,659 2,112
Treasury Stock
-11 -143 -213 -247 -297 -338 -348 -365 -377 -388 -392
Accumulated Other Comprehensive Income / (Loss)
-82 -88 -86 -79 -34 -36 -49 -45 -23 -26 12

Quarterly Balance Sheets for American Water Works

This table presents American Water Works' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Total Assets
27,787 28,286 29,496 29,818 30,298 31,086 31,215 31,790 32,830 33,156 33,913
Total Current Assets
1,250 1,338 1,989 1,804 1,389 1,587 1,165 1,237 1,215 1,194 1,399
Cash & Equivalents
85 213 794 628 330 584 48 127 96 114 94
Restricted Cash
32 29 30 33 34 42 50 40 29 18 17
Accounts Receivable
609 607 683 700 641 639 730 763 731 712 858
Inventories, net
98 103 109 111 112 115 111 105 103 107 109
Current Deferred & Refundable Income Taxes
114 96 74 54 86 26 17 7.00 25 23 25
Other Current Assets
312 290 299 278 186 181 209 195 231 220 296
Plant, Property, & Equipment, net
23,223 23,632 24,188 24,688 25,438 26,023 26,532 27,007 28,038 28,377 28,932
Plant, Property & Equipment, gross
29,736 30,214 30,815 31,397 32,189 32,780 33,364 33,940 35,059 35,466 36,137
Accumulated Depreciation
6,513 6,582 6,627 6,709 6,751 6,757 6,832 6,933 7,021 7,089 7,205
Total Noncurrent Assets
3,314 3,316 3,319 3,326 3,471 3,476 3,518 3,546 3,577 3,585 3,582
Noncurrent Note & Lease Receivables
720 720 720 720 720 795 795 795 795 795 795
Goodwill
1,143 1,143 1,143 1,143 1,143 1,143 1,143 1,143 1,144 1,144 1,151
Other Noncurrent Operating Assets
1,369 1,453 1,373 1,377 1,522 1,448 1,490 1,519 1,549 1,559 1,547
Other Noncurrent Nonoperating Assets
82 - 83 86 86 90 90 89 89 87 89
Total Liabilities & Shareholders' Equity
27,787 28,286 29,496 29,818 30,298 31,086 31,215 31,790 32,830 33,156 33,913
Total Liabilities
20,091 18,737 19,793 19,918 20,498 21,076 21,060 21,425 22,495 22,619 23,228
Total Current Liabilities
2,811 1,892 1,764 1,743 2,151 1,857 1,825 2,132 3,150 2,447 3,991
Short-Term Debt
1,456 727 579 492 654 557 575 800 1,516 1,113 2,708
Accounts Payable
254 193 246 228 294 231 215 259 346 240 306
Accrued Expenses
706 561 575 605 791 636 607 585 791 539 569
Current Deferred & Payable Income Tax Liabilities
49 74 65 82 67 89 108 174 156 228 107
Other Current Liabilities
255 223 208 212 252 213 207 185 230 196 182
Other Current Nonoperating Liabilities
91 114 91 124 93 131 113 129 111 131 119
Total Noncurrent Liabilities
17,280 16,845 18,029 18,175 18,347 19,219 19,235 19,293 19,345 20,172 19,237
Long-Term Debt
10,926 10,485 11,607 11,698 11,715 12,566 12,553 12,550 12,518 13,318 12,278
Capital Lease Obligations
70 70 70 74 73 78 78 77 76 75 77
Asset Retirement Reserve & Litigation Obligation
1,590 1,568 1,524 1,478 1,481 1,460 1,434 1,403 1,416 1,400 1,420
Noncurrent Deferred Revenue
316 321 333 340 352 367 379 379 383 396 410
Noncurrent Deferred & Payable Income Tax Liabilities
2,437 2,483 2,549 2,632 2,717 2,742 2,780 2,833 2,881 2,936 2,990
Noncurrent Employee Benefit Liabilities
235 215 209 201 262 256 251 243 217 212 207
Other Noncurrent Operating Liabilities
1,706 1,703 1,737 1,752 1,747 1,750 1,760 1,808 1,854 1,835 1,855
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
7,693 9,547 9,701 9,897 9,797 10,007 10,152 10,362 10,332 10,534 10,682
Total Preferred & Common Equity
7,693 9,547 9,701 9,897 9,797 10,007 10,152 10,362 10,332 10,534 10,682
Preferred Stock
3.00 - 2.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Total Common Equity
7,693 9,547 9,701 9,897 9,797 10,007 10,152 10,362 10,332 10,534 10,682
Common Stock
6,826 8,521 8,531 8,543 8,552 8,563 8,580 8,590 8,600 8,613 8,623
Retained Earnings
1,267 1,437 1,580 1,764 1,659 1,844 1,971 2,172 2,112 2,317 2,445
Treasury Stock
-377 -388 -388 -388 -388 -392 -392 -392 -392 -398 -391
Accumulated Other Comprehensive Income / (Loss)
-23 -23 -22 -22 -26 -8.00 -7.00 -8.00 12 2.00 5.00

Annual Metrics And Ratios for American Water Works

This table displays calculated financial ratios and metrics derived from American Water Works' official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - - - - - -
Revenue Growth
4.58% 4.92% 4.53% 1.67% 2.47% 4.94% 4.63% 4.05% -3.51% 11.66% 10.63%
EBITDA Growth
5.06% 6.77% 2.29% 12.01% -4.05% 6.84% 7.01% 39.11% -23.81% 12.22% 12.64%
EBIT Growth
5.43% 8.03% 0.46% 15.16% -9.83% 6.86% 8.56% 54.59% -31.88% 13.97% 12.95%
NOPAT Growth
5.01% 7.72% 0.78% -11.25% 35.17% 14.40% 5.81% -3.82% 12.43% 14.63% 11.92%
Net Income Growth
14.63% 12.53% -1.68% -8.97% 32.63% 9.91% 14.17% 78.14% -35.08% 15.12% 11.33%
EPS Growth
14.08% 12.34% -0.76% -9.16% 32.35% 8.89% 13.99% 77.75% -35.11% 8.65% 10.00%
Operating Cash Flow Growth
22.43% 8.93% 7.87% 12.41% -4.35% -0.22% 3.11% 1.05% -23.11% 69.13% 9.12%
Free Cash Flow Firm Growth
-97.33% -118.70% -83.36% -37.35% -246.51% 154.32% -249.40% 179.46% -708.80% 67.26% -71.51%
Invested Capital Growth
2.77% 6.55% 6.61% 5.93% 9.95% 4.35% 9.13% 3.60% 17.92% 9.21% 11.23%
Revenue Q/Q Growth
1.16% 1.67% 0.58% 0.57% 0.85% 1.46% 0.56% 0.72% -0.52% 2.44% 3.74%
EBITDA Q/Q Growth
0.53% 1.25% 1.16% 1.74% 0.18% -0.88% 2.51% 36.83% -25.78% 2.28% 5.19%
EBIT Q/Q Growth
0.65% 1.01% 1.01% 2.94% -2.07% -2.17% 3.61% 53.77% -33.89% 2.20% 5.99%
NOPAT Q/Q Growth
1.48% 0.72% 1.35% -20.64% 26.15% 3.49% 1.48% -9.68% 9.95% 1.75% 6.49%
Net Income Q/Q Growth
8.73% 1.19% 0.43% -19.32% 25.00% -2.20% 7.10% 65.53% -37.78% 2.61% 6.92%
EPS Q/Q Growth
8.29% 1.93% 0.00% -19.05% 24.02% -2.00% 7.12% 65.48% -37.79% 1.66% 6.52%
Operating Cash Flow Q/Q Growth
4.72% 7.39% 0.39% 6.23% -2.46% 3.29% 0.00% -1.77% -5.78% 10.82% 5.79%
Free Cash Flow Firm Q/Q Growth
102.12% -100.39% -364.58% -32.50% 20.00% 245.19% -2,324.89% 416.77% -53.96% 15.03% -28.76%
Invested Capital Q/Q Growth
-57.77% 0.77% 2.03% 1.00% 1.17% -1.78% 1.08% -2.06% 2.24% 1.60% 2.86%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
55.16% 55.56% 54.60% 59.22% 57.01% 57.23% 57.06% 54.78% 58.10% 59.38% 60.33%
EBITDA Margin
47.59% 48.43% 47.40% 52.22% 48.90% 49.78% 50.91% 68.07% 53.74% 54.02% 55.00%
Operating Margin
33.31% 34.03% 32.86% 37.33% 32.03% 33.63% 33.04% 30.43% 33.57% 35.52% 36.68%
EBIT Margin
33.51% 34.50% 33.16% 37.56% 33.05% 33.66% 34.92% 51.88% 36.63% 37.39% 38.17%
Profit (Net Income) Margin
14.05% 15.07% 14.17% 12.69% 16.42% 17.20% 18.77% 32.14% 21.62% 22.30% 22.44%
Tax Burden Percent
59.58% 60.87% 60.78% 46.71% 71.79% 74.55% 76.73% 77.01% 81.35% 78.93% 77.34%
Interest Burden Percent
70.37% 71.74% 70.32% 72.32% 69.22% 68.56% 70.05% 80.43% 72.57% 75.55% 76.01%
Effective Tax Rate
39.44% 39.13% 39.22% 53.29% 28.21% 25.45% 23.27% 22.99% 18.65% 21.07% 22.66%
Return on Invested Capital (ROIC)
5.66% 5.82% 5.50% 4.60% 5.75% 6.15% 6.09% 5.52% 5.59% 5.66% 5.75%
ROIC Less NNEP Spread (ROIC-NNEP)
2.53% 2.97% 2.71% 2.45% 2.97% 2.89% 3.46% 9.00% 3.64% 3.67% 3.62%
Return on Net Nonoperating Assets (RNNOA)
3.09% 3.72% 3.61% 3.44% 4.29% 4.21% 5.18% 12.85% 5.35% 5.13% 4.69%
Return on Equity (ROE)
8.74% 9.54% 9.12% 8.04% 10.05% 10.36% 11.28% 18.37% 10.94% 10.79% 10.44%
Cash Return on Invested Capital (CROIC)
2.92% -0.52% -0.90% -1.16% -3.72% 1.89% -2.64% 1.98% -10.85% -3.14% -4.88%
Operating Return on Assets (OROA)
6.48% 6.55% 6.13% 6.64% 5.59% 5.53% 5.56% 8.02% 5.16% 5.45% 5.66%
Return on Assets (ROA)
2.72% 2.86% 2.62% 2.24% 2.78% 2.83% 2.99% 4.97% 3.04% 3.25% 3.33%
Return on Common Equity (ROCE)
8.72% 9.53% 9.12% 8.04% 10.05% 10.36% 11.28% 18.37% 10.94% 10.79% 10.44%
Return on Equity Simple (ROE_SIMPLE)
8.61% 9.43% 8.97% 7.91% 9.64% 10.15% 10.99% 17.31% 10.66% 9.64% 10.17%
Net Operating Profit after Tax (NOPAT)
607 654 659 585 791 905 958 921 1,036 1,187 1,329
NOPAT Margin
20.17% 20.71% 19.97% 17.43% 23.00% 25.07% 25.35% 23.44% 27.31% 28.04% 28.37%
Net Nonoperating Expense Percent (NNEP)
3.12% 2.85% 2.79% 2.14% 2.78% 3.26% 2.64% -3.48% 1.96% 1.99% 2.13%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - - 5.14% 5.34% 5.44%
Cost of Revenue to Revenue
44.84% 44.44% 45.40% 40.78% 42.99% 42.77% 42.94% 45.22% 41.90% 40.62% 39.67%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
21.85% 21.53% 21.74% 21.89% 24.97% 23.60% 24.01% 24.35% 24.53% 23.85% 23.66%
Earnings before Interest and Taxes (EBIT)
1,009 1,090 1,095 1,261 1,137 1,215 1,319 2,039 1,389 1,583 1,788
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,433 1,530 1,565 1,753 1,682 1,797 1,923 2,675 2,038 2,287 2,576
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.61 1.80 2.14 2.68 2.53 3.34 4.03 4.45 3.43 2.55 2.33
Price to Tangible Book Value (P/TBV)
2.14 2.43 2.88 3.61 3.58 4.49 5.31 5.28 4.03 2.89 2.62
Price to Revenue (P/Rev)
2.63 2.88 3.38 4.30 4.31 5.66 6.88 8.27 6.96 5.90 5.15
Price to Earnings (P/E)
18.73 19.14 23.86 33.89 26.12 32.90 36.66 25.72 32.20 26.45 22.94
Dividend Yield
2.74% 2.62% 2.34% 2.00% 2.17% 1.73% 1.50% 1.32% 1.77% 2.17% 2.43%
Earnings Yield
5.34% 5.22% 4.19% 2.95% 3.83% 3.04% 2.73% 3.89% 3.11% 3.78% 4.36%
Enterprise Value to Invested Capital (EV/IC)
1.27 1.34 1.48 1.68 1.61 1.98 2.22 2.55 1.93 1.69 1.57
Enterprise Value to Revenue (EV/Rev)
4.60 4.94 5.53 6.58 6.76 8.25 9.65 11.05 10.22 8.75 8.13
Enterprise Value to EBITDA (EV/EBITDA)
9.66 10.19 11.66 12.59 13.83 16.58 18.95 16.23 19.01 16.20 14.79
Enterprise Value to EBIT (EV/EBIT)
13.72 14.30 16.66 17.50 20.45 24.52 27.63 21.29 27.89 23.41 21.31
Enterprise Value to NOPAT (EV/NOPAT)
22.78 23.83 27.67 37.71 29.40 32.92 38.05 47.14 37.41 31.21 28.68
Enterprise Value to Operating Cash Flow (EV/OCF)
12.62 13.05 14.15 15.23 16.78 21.54 25.55 30.13 34.97 19.77 18.63
Enterprise Value to Free Cash Flow (EV/FCFF)
44.12 0.00 0.00 0.00 0.00 107.16 0.00 131.54 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.20 1.30 1.37 1.43 1.47 1.54 1.71 1.52 1.62 1.27 1.37
Long-Term Debt to Equity
1.10 1.16 1.10 1.21 1.29 1.41 1.46 1.43 1.43 1.20 1.22
Financial Leverage
1.22 1.25 1.33 1.40 1.45 1.46 1.50 1.43 1.47 1.40 1.30
Leverage Ratio
3.22 3.33 3.48 3.58 3.62 3.66 3.77 3.70 3.59 3.32 3.14
Compound Leverage Factor
2.26 2.39 2.45 2.59 2.50 2.51 2.64 2.97 2.61 2.51 2.38
Debt to Total Capital
54.64% 56.45% 57.89% 58.90% 59.47% 60.70% 63.07% 60.25% 61.81% 55.95% 57.73%
Short-Term Debt to Total Capital
4.70% 5.88% 11.49% 9.37% 7.15% 5.23% 9.22% 3.49% 7.23% 2.94% 6.20%
Long-Term Debt to Total Capital
49.94% 50.57% 46.40% 49.53% 52.32% 55.47% 53.85% 56.76% 54.58% 53.01% 51.53%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.02% 0.00% 0.01% 0.01% 0.01%
Noncontrolling Interests to Total Capital
0.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
45.22% 43.55% 42.11% 41.10% 40.53% 39.30% 36.93% 39.75% 38.19% 44.05% 42.27%
Debt to EBITDA
4.14 4.28 4.58 4.40 5.12 5.26 5.73 4.14 6.11 5.44 5.48
Net Debt to EBITDA
4.12 4.23 4.52 4.36 5.02 5.21 5.43 4.08 6.05 5.28 5.43
Long-Term Debt to EBITDA
3.79 3.83 3.67 3.70 4.50 4.81 4.89 3.90 5.40 5.15 4.89
Debt to NOPAT
9.78 10.00 10.88 13.19 10.88 10.44 11.51 12.01 12.02 10.48 10.62
Net Debt to NOPAT
9.71 9.90 10.73 13.05 10.68 10.34 10.91 11.86 11.91 10.17 10.53
Long-Term Debt to NOPAT
8.93 8.96 8.72 11.09 9.57 9.55 9.83 11.31 10.62 9.93 9.48
Altman Z-Score
0.66 0.69 0.71 0.85 0.81 1.02 1.14 1.47 1.09 1.09 0.98
Noncontrolling Interest Sharing Ratio
0.33% 0.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.46 0.43 0.33 0.31 0.37 0.63 0.66 0.73 0.44 0.65 0.39
Quick Ratio
0.38 0.37 0.25 0.23 0.29 0.26 0.37 0.30 0.25 0.45 0.26
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
314 -59 -108 -148 -512 278 -415 330 -2,009 -658 -1,128
Operating Cash Flow to CapEx
116.45% 103.46% 99.00% 102.11% 89.36% 86.11% 78.35% 111.53% 65.60% 72.78% 71.60%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 -21.10 0.00 0.72 -1.05 0.82 -4.64 -1.43 -2.16
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 207.00 0.00 3.58 3.59 3.58 2.56 4.07 3.91
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 4.29 0.00 -0.58 -0.99 0.37 -1.34 -1.52 -1.55
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.19 0.19 0.18 0.18 0.17 0.16 0.16 0.15 0.14 0.15 0.15
Accounts Receivable Turnover
6.61 6.48 6.27 6.61 7.09 7.58 7.61 7.51 6.72 6.77 6.83
Inventory Turnover
38.59 37.44 38.94 34.23 36.07 36.33 35.65 34.17 20.50 16.38 17.28
Fixed Asset Turnover
0.24 0.23 0.23 0.21 0.20 0.20 0.20 0.19 0.17 0.17 0.18
Accounts Payable Turnover
7.42 12.42 10.71 7.85 7.99 8.17 8.28 8.38 6.50 6.28 5.81
Days Sales Outstanding (DSO)
55.20 56.33 58.25 55.23 51.51 48.18 47.98 48.57 54.29 53.88 53.46
Days Inventory Outstanding (DIO)
9.46 9.75 9.37 10.66 10.12 10.05 10.24 10.68 17.80 22.28 21.12
Days Payable Outstanding (DPO)
49.22 29.38 34.09 46.52 45.66 44.68 44.11 43.55 56.16 58.15 62.86
Cash Conversion Cycle (CCC)
15.43 36.70 33.54 19.37 15.98 13.55 14.11 15.71 15.93 18.02 11.71
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
10,888 11,601 12,368 13,101 14,404 15,031 16,404 16,995 20,040 21,885 24,342
Invested Capital Turnover
0.28 0.28 0.28 0.26 0.25 0.25 0.24 0.24 0.20 0.20 0.20
Increase / (Decrease) in Invested Capital
294 713 767 733 1,303 627 1,373 591 3,045 1,845 2,457
Enterprise Value (EV)
13,840 15,590 18,245 22,073 23,257 29,795 36,439 43,416 38,742 37,053 38,101
Market Capitalization
7,924 9,112 11,168 14,438 14,811 20,428 25,990 32,490 26,404 24,972 24,113
Book Value per Share
$27.41 $28.13 $29.31 $30.19 $32.47 $33.86 $35.60 $40.20 $42.31 $50.32 $53.01
Tangible Book Value per Share
$20.67 $20.88 $21.76 $22.41 $22.89 $25.19 $27.00 $33.93 $36.02 $44.45 $47.14
Total Capital
10,868 11,593 12,390 13,102 14,468 15,574 17,475 18,360 20,145 22,239 24,442
Total Debt
5,938 6,544 7,172 7,717 8,604 9,453 11,021 11,062 12,452 12,442 14,110
Total Long-Term Debt
5,427 5,862 5,749 6,490 7,569 8,639 9,410 10,421 10,996 11,788 12,594
Net Debt
5,901 6,478 7,077 7,635 8,446 9,362 10,445 10,926 12,335 12,078 13,985
Capital Expenditures (CapEx)
942 1,155 1,302 1,419 1,551 1,606 1,820 1,292 1,689 2,575 2,856
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-192 -260 -280 -460 -436 -37 60 -82 -222 -472 -544
Debt-free Net Working Capital (DFNWC)
-155 -194 -185 -378 -278 54 636 54 -105 -108 -419
Net Working Capital (NWC)
-666 -876 -1,608 -1,605 -1,313 -760 -975 -587 -1,561 -762 -1,935
Net Nonoperating Expense (NNE)
184 178 191 159 226 284 249 -342 216 243 278
Net Nonoperating Obligations (NNO)
5,958 6,552 7,150 7,716 8,540 8,910 9,950 9,697 12,347 12,088 14,010
Total Depreciation and Amortization (D&A)
424 440 470 492 545 582 604 636 649 704 788
Debt-free, Cash-free Net Working Capital to Revenue
-6.38% -8.23% -8.48% -13.70% -12.67% -1.02% 1.59% -2.09% -5.85% -11.15% -11.61%
Debt-free Net Working Capital to Revenue
-5.15% -6.14% -5.60% -11.26% -8.08% 1.50% 16.84% 1.37% -2.77% -2.55% -8.95%
Net Working Capital to Revenue
-22.12% -27.73% -48.70% -47.81% -38.17% -21.05% -25.81% -14.94% -41.17% -18.00% -41.31%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.36 $2.66 $2.63 $2.39 $3.16 $3.44 $3.91 $6.96 $4.51 $4.90 $5.39
Adjusted Weighted Average Basic Shares Outstanding
178.89M 179M 178M 178M 180M 181M 181M 182M 182M 193M 195M
Adjusted Diluted Earnings per Share
$2.35 $2.64 $2.62 $2.38 $3.15 $3.43 $3.91 $6.95 $4.51 $4.90 $5.39
Adjusted Weighted Average Diluted Shares Outstanding
179.81M 180M 179M 179M 180M 181M 182M 182M 182M 193M 195M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
179.79M 178.01M 178.21M 178.55M 180.75M 180.97M 181.44M 181.72M 181.86M 194.76M 194.95M
Normalized Net Operating Profit after Tax (NOPAT)
606 653 653 866 818 905 958 921 1,036 1,187 1,329
Normalized NOPAT Margin
20.13% 20.66% 19.79% 25.79% 23.77% 25.07% 25.35% 23.44% 27.31% 28.04% 28.37%
Pre Tax Income Margin
23.58% 24.75% 23.32% 27.17% 22.88% 23.07% 24.46% 41.73% 26.58% 28.25% 29.01%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 180.14 0.00 3.15 3.32 5.06 3.21 3.44 3.42
NOPAT to Interest Expense
0.00 0.00 0.00 83.61 0.00 2.34 2.41 2.29 2.39 2.58 2.54
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 -22.57 0.00 -1.01 -1.26 1.85 -0.69 -2.16 -2.04
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 -119.10 0.00 -1.82 -2.17 -0.92 -1.51 -3.02 -2.92
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
51.06% 50.21% 55.77% 67.84% 56.46% 56.84% 54.87% 33.89% 56.95% 56.36% 55.66%
Augmented Payout Ratio
51.06% 76.68% 69.66% 80.52% 64.42% 62.64% 54.87% 33.89% 56.95% 56.36% 55.66%

Quarterly Metrics And Ratios for American Water Works

This table displays calculated financial ratios and metrics derived from American Water Works' official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-2.10% 11.40% 17.08% 7.86% 10.85% 7.78% 4.74% 13.37% 16.38% 12.96% 11.05%
EBITDA Growth
-61.41% 11.19% 18.79% 7.96% 11.46% 8.83% 5.43% 12.54% 25.60% 14.72% 10.00%
EBIT Growth
-71.70% 12.50% 24.18% 7.97% 12.10% 8.57% 3.32% 12.38% 32.06% 14.62% 8.14%
NOPAT Growth
35.80% 16.37% 28.33% 6.78% 8.81% 6.34% 1.68% 10.59% 34.53% 13.03% 9.09%
Net Income Growth
-77.21% 7.59% 28.44% 8.75% 16.33% 8.82% -1.07% 8.36% 39.77% 10.81% 4.33%
EPS Growth
-77.18% 4.60% 20.00% 1.84% 9.88% 4.40% -1.39% 8.43% 37.08% 10.53% 4.23%
Operating Cash Flow Growth
-16.50% 85.06% 921.43% 11.44% 53.20% 34.04% -19.58% 7.27% 21.25% -13.35% -12.75%
Free Cash Flow Firm Growth
-554.55% -87.88% 10.89% 17.45% 43.08% 26.83% -10.60% -9.14% -32.97% -22.32% -11.49%
Invested Capital Growth
17.92% 13.87% 10.25% 9.90% 9.21% 9.29% 10.14% 9.86% 11.23% 10.29% 10.23%
Revenue Q/Q Growth
-13.96% 0.75% 16.95% 6.38% -11.57% -2.03% 13.65% 15.14% -9.22% -4.91% 11.73%
EBITDA Q/Q Growth
-29.14% 9.44% 28.54% 8.31% -26.84% 6.85% 24.53% 15.61% -18.35% -2.41% 19.41%
EBIT Q/Q Growth
-39.44% 12.10% 43.49% 10.84% -37.13% 8.57% 36.55% 20.56% -26.11% -5.77% 28.83%
NOPAT Q/Q Growth
-39.33% 8.72% 44.58% 11.96% -38.17% 6.26% 38.24% 21.77% -24.80% -10.72% 33.43%
Net Income Q/Q Growth
-50.51% 15.65% 64.71% 15.36% -47.06% 8.19% 49.73% 26.35% -31.71% -14.23% 40.98%
EPS Q/Q Growth
-50.31% 12.35% 58.24% 15.28% -46.39% 6.74% 49.47% 26.76% -32.22% -13.93% 40.95%
Operating Cash Flow Q/Q Growth
-39.44% -17.15% 50.53% 47.55% -16.75% -27.51% -9.69% 96.81% -5.89% -48.20% -9.06%
Free Cash Flow Firm Q/Q Growth
-49.57% 19.15% 28.92% 3.97% -3.13% -3.93% -7.45% 5.23% -25.64% 4.40% 2.06%
Invested Capital Q/Q Growth
2.24% 3.31% 2.13% 1.88% 1.60% 3.39% 2.92% 1.63% 2.86% 2.52% 2.85%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
53.49% 58.10% 61.80% 62.64% 54.26% 58.85% 62.84% 62.51% 56.79% 59.02% 62.38%
EBITDA Margin
47.80% 51.92% 57.06% 58.10% 48.06% 52.42% 57.44% 57.67% 51.87% 53.24% 56.90%
Operating Margin
28.03% 31.45% 39.38% 40.96% 28.97% 32.25% 39.08% 41.04% 33.31% 32.49% 38.32%
EBIT Margin
30.18% 33.58% 41.20% 42.93% 30.52% 33.83% 40.64% 42.55% 34.64% 34.33% 39.58%
Profit (Net Income) Margin
15.79% 18.12% 25.52% 27.68% 16.57% 18.30% 24.11% 26.46% 19.90% 17.95% 22.65%
Tax Burden Percent
82.58% 79.44% 78.43% 79.36% 78.44% 76.45% 76.73% 77.26% 78.88% 75.93% 76.86%
Interest Burden Percent
63.35% 67.94% 78.98% 81.24% 69.21% 70.76% 77.30% 80.46% 72.84% 68.88% 74.46%
Effective Tax Rate
17.42% 20.56% 21.57% 20.64% 21.56% 23.55% 23.27% 22.74% 21.12% 24.07% 23.14%
Return on Invested Capital (ROIC)
4.74% 5.00% 6.20% 6.53% 4.59% 4.90% 5.88% 6.33% 5.32% 4.99% 5.95%
ROIC Less NNEP Spread (ROIC-NNEP)
4.12% 4.41% 5.69% 6.05% 4.07% 4.36% 5.33% 5.78% 4.74% 4.43% 5.33%
Return on Net Nonoperating Assets (RNNOA)
6.06% 5.67% 7.60% 8.05% 5.69% 5.30% 6.60% 7.11% 6.14% 5.83% 7.19%
Return on Equity (ROE)
10.80% 10.67% 13.80% 14.58% 10.28% 10.20% 12.49% 13.45% 11.47% 10.82% 13.14%
Cash Return on Invested Capital (CROIC)
-10.85% -7.47% -4.08% -3.76% -3.14% -3.32% -4.21% -3.88% -4.88% -4.07% -4.04%
Operating Return on Assets (OROA)
4.25% 4.84% 5.95% 6.23% 4.45% 4.91% 5.84% 6.24% 5.14% 5.15% 6.01%
Return on Assets (ROA)
2.22% 2.61% 3.69% 4.02% 2.42% 2.65% 3.46% 3.88% 2.95% 2.69% 3.44%
Return on Common Equity (ROCE)
10.80% 10.67% 13.80% 14.58% 10.28% 10.20% 12.49% 13.45% 11.47% 10.82% 13.14%
Return on Equity Simple (ROE_SIMPLE)
0.00% 8.71% 9.22% 9.30% 0.00% 9.58% 9.42% 9.49% 0.00% 10.17% 0.00%
Net Operating Profit after Tax (NOPAT)
216 234 339 379 235 249 345 420 316 282 376
NOPAT Margin
23.15% 24.98% 30.89% 32.51% 22.73% 24.65% 29.98% 31.71% 26.27% 24.67% 29.46%
Net Nonoperating Expense Percent (NNEP)
0.62% 0.59% 0.51% 0.48% 0.52% 0.54% 0.55% 0.56% 0.59% 0.57% 0.62%
Return On Investment Capital (ROIC_SIMPLE)
1.07% - - - 1.05% - - - 1.29% 1.12% 1.46%
Cost of Revenue to Revenue
46.51% 41.90% 38.20% 37.36% 45.74% 41.15% 37.16% 37.49% 43.21% 40.98% 37.62%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
25.46% 26.65% 22.42% 21.68% 25.29% 26.61% 23.76% 21.47% 23.48% 26.53% 24.06%
Earnings before Interest and Taxes (EBIT)
281 315 452 501 315 342 467 563 416 392 505
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
445 487 626 678 496 530 660 763 623 608 726
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.43 2.70 2.79 2.38 2.55 2.35 2.47 2.75 2.33 2.73 2.54
Price to Tangible Book Value (P/TBV)
4.03 3.07 3.16 2.69 2.89 2.66 2.78 3.09 2.62 3.06 2.85
Price to Revenue (P/Rev)
6.96 6.63 6.68 5.70 5.90 5.46 5.74 6.31 5.15 5.97 5.49
Price to Earnings (P/E)
32.20 31.00 30.23 25.62 26.45 24.54 26.18 28.99 22.94 26.85 25.05
Dividend Yield
1.77% 1.85% 1.92% 2.25% 2.17% 2.34% 2.25% 2.01% 2.43% 2.07% 2.24%
Earnings Yield
3.11% 3.23% 3.31% 3.90% 3.78% 4.08% 3.82% 3.45% 4.36% 3.72% 3.99%
Enterprise Value to Invested Capital (EV/IC)
1.93 1.78 1.82 1.63 1.69 1.60 1.64 1.76 1.57 1.73 1.64
Enterprise Value to Revenue (EV/Rev)
10.22 9.47 9.50 8.51 8.75 8.38 8.75 9.25 8.13 8.96 8.52
Enterprise Value to EBITDA (EV/EBITDA)
19.01 17.65 17.60 15.73 16.20 15.50 16.13 17.05 14.79 16.25 15.47
Enterprise Value to EBIT (EV/EBIT)
27.89 25.87 25.44 22.71 23.41 22.43 23.47 24.75 21.31 23.47 22.43
Enterprise Value to NOPAT (EV/NOPAT)
37.41 34.46 33.65 30.15 31.21 30.03 31.57 33.47 28.68 31.69 30.22
Enterprise Value to Operating Cash Flow (EV/OCF)
34.97 29.73 23.66 20.80 19.77 18.32 20.21 21.60 18.63 21.63 21.58
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.62 1.18 1.26 1.24 1.27 1.32 1.30 1.30 1.37 1.38 1.41
Long-Term Debt to Equity
1.43 1.11 1.20 1.19 1.20 1.26 1.24 1.22 1.22 1.27 1.16
Financial Leverage
1.47 1.29 1.33 1.33 1.40 1.22 1.24 1.23 1.30 1.32 1.35
Leverage Ratio
3.59 3.17 3.25 3.23 3.32 3.04 3.06 3.04 3.14 3.13 3.13
Compound Leverage Factor
2.28 2.16 2.56 2.62 2.30 2.15 2.36 2.45 2.28 2.15 2.33
Debt to Total Capital
61.81% 54.16% 55.82% 55.34% 55.95% 56.88% 56.54% 56.44% 57.73% 57.93% 58.51%
Short-Term Debt to Total Capital
7.23% 3.49% 2.64% 2.22% 2.94% 2.40% 2.46% 3.36% 6.20% 4.44% 10.52%
Long-Term Debt to Total Capital
54.58% 50.67% 53.18% 53.12% 53.01% 54.48% 54.08% 53.08% 51.53% 53.49% 47.99%
Preferred Equity to Total Capital
0.01% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
38.19% 45.84% 44.18% 44.66% 44.05% 43.12% 43.46% 43.56% 42.27% 42.07% 41.49%
Debt to EBITDA
6.11 5.41 5.61 5.48 5.44 5.67 5.59 5.48 5.48 5.47 5.54
Net Debt to EBITDA
6.05 5.29 5.23 5.19 5.28 5.40 5.54 5.41 5.43 5.42 5.50
Long-Term Debt to EBITDA
5.40 5.06 5.34 5.26 5.15 5.43 5.34 5.16 4.89 5.05 4.54
Debt to NOPAT
12.02 10.55 10.72 10.51 10.48 10.98 10.93 10.76 10.62 10.66 10.82
Net Debt to NOPAT
11.91 10.33 10.00 9.95 10.17 10.46 10.85 10.63 10.53 10.56 10.74
Long-Term Debt to NOPAT
10.62 9.87 10.21 10.09 9.93 10.51 10.45 10.12 9.48 9.84 8.87
Altman Z-Score
0.95 1.05 1.09 0.99 0.95 0.92 0.97 1.06 0.85 1.00 0.90
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.44 0.71 1.13 1.04 0.65 0.85 0.64 0.58 0.39 0.49 0.35
Quick Ratio
0.25 0.43 0.84 0.76 0.45 0.66 0.43 0.42 0.26 0.34 0.24
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-2,829 -2,288 -1,626 -1,562 -1,610 -1,674 -1,798 -1,704 -2,141 -2,047 -2,005
Operating Cash Flow to CapEx
49.14% 54.18% 68.42% 101.12% 66.21% 62.73% 51.49% 99.41% 71.48% 60.40% 41.06%
Free Cash Flow to Firm to Interest Expense
-24.39 -19.89 -14.78 -13.35 -13.65 -13.50 -13.73 -12.91 -15.75 -14.22 -13.28
Operating Cash Flow to Interest Expense
2.97 2.48 3.90 5.41 4.47 3.08 2.63 5.14 4.70 2.30 1.99
Operating Cash Flow Less CapEx to Interest Expense
-3.07 -2.10 -1.80 0.06 -2.28 -1.83 -2.48 -0.03 -1.88 -1.51 -2.86
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.14 0.14 0.14 0.15 0.15 0.15 0.14 0.15 0.15 0.15 0.15
Accounts Receivable Turnover
6.72 6.90 6.00 6.21 6.77 6.91 6.17 6.17 6.83 7.13 6.22
Inventory Turnover
20.50 18.60 17.12 16.48 16.38 15.99 15.92 16.77 17.28 17.21 17.85
Fixed Asset Turnover
0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.18 0.18 0.18
Accounts Payable Turnover
6.50 8.79 7.52 7.50 6.28 8.22 7.60 7.44 5.81 8.11 7.54
Days Sales Outstanding (DSO)
54.29 52.90 60.86 58.77 53.88 52.80 59.16 59.14 53.46 51.21 58.64
Days Inventory Outstanding (DIO)
17.80 19.63 21.32 22.15 22.28 22.83 22.93 21.77 21.12 21.21 20.45
Days Payable Outstanding (DPO)
56.16 41.51 48.56 48.64 58.15 44.39 48.05 49.08 62.86 45.00 48.44
Cash Conversion Cycle (CCC)
15.93 31.02 33.61 32.28 18.02 31.23 34.04 31.83 11.71 27.41 30.66
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
20,040 20,703 21,143 21,541 21,885 22,626 23,286 23,665 24,342 24,955 25,667
Invested Capital Turnover
0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20
Increase / (Decrease) in Invested Capital
3,045 2,522 1,965 1,941 1,845 1,923 2,143 2,124 2,457 2,329 2,381
Enterprise Value (EV)
38,742 36,832 38,464 35,174 37,053 36,112 38,139 41,760 38,101 43,136 42,083
Market Capitalization
26,404 25,792 27,030 23,568 24,972 23,534 25,028 28,497 24,113 28,759 27,128
Book Value per Share
$42.31 $52.50 $49.84 $50.84 $50.32 $51.32 $52.11 $53.18 $53.01 $54.04 $54.78
Tangible Book Value per Share
$36.02 $46.21 $43.97 $44.97 $44.45 $45.46 $46.24 $47.31 $47.14 $48.17 $48.87
Total Capital
20,145 20,829 21,957 22,161 22,239 23,208 23,358 23,789 24,442 25,040 25,745
Total Debt
12,452 11,282 12,256 12,264 12,442 13,201 13,206 13,427 14,110 14,506 15,063
Total Long-Term Debt
10,996 10,555 11,677 11,772 11,788 12,644 12,631 12,627 12,594 13,393 12,355
Net Debt
12,335 11,040 11,432 11,603 12,078 12,575 13,108 13,260 13,985 14,374 14,952
Capital Expenditures (CapEx)
700 526 627 626 796 609 670 683 894 548 733
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-222 -69 -20 -108 -472 -339 -183 -262 -544 -272 5.00
Debt-free Net Working Capital (DFNWC)
-105 173 804 553 -108 287 -85 -95 -419 -140 116
Net Working Capital (NWC)
-1,561 -554 225 61 -762 -270 -660 -895 -1,935 -1,253 -2,592
Net Nonoperating Expense (NNE)
69 64 59 56 64 64 68 70 77 77 87
Net Nonoperating Obligations (NNO)
12,347 11,156 11,442 11,644 12,088 12,619 13,134 13,303 14,010 14,421 14,985
Total Depreciation and Amortization (D&A)
164 172 174 177 181 188 193 200 207 216 221
Debt-free, Cash-free Net Working Capital to Revenue
-5.85% -1.77% -0.49% -2.61% -11.15% -7.87% -4.20% -5.80% -11.61% -5.65% 0.10%
Debt-free Net Working Capital to Revenue
-2.77% 4.45% 19.86% 13.38% -2.55% 6.66% -1.95% -2.10% -8.95% -2.91% 2.35%
Net Working Capital to Revenue
-41.17% -14.25% 5.56% 1.48% -18.00% -6.27% -15.14% -19.82% -41.31% -26.02% -52.45%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.81 $0.91 $1.44 $1.66 $0.89 $0.95 $1.42 $1.80 $1.22 $1.05 $1.48
Adjusted Weighted Average Basic Shares Outstanding
182M 186M 195M 195M 193M 195M 195M 195M 195M 195M 195M
Adjusted Diluted Earnings per Share
$0.81 $0.91 $1.44 $1.66 $0.89 $0.95 $1.42 $1.80 $1.22 $1.05 $1.48
Adjusted Weighted Average Diluted Shares Outstanding
182M 186M 195M 195M 193M 195M 195M 195M 195M 195M 195M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
181.86M 194.64M 194.67M 194.70M 194.76M 194.82M 194.86M 194.89M 194.95M 195.01M 195.10M
Normalized Net Operating Profit after Tax (NOPAT)
216 234 339 379 235 249 345 420 316 282 376
Normalized NOPAT Margin
23.15% 24.98% 30.89% 32.51% 22.73% 24.65% 29.98% 31.71% 26.27% 24.67% 29.46%
Pre Tax Income Margin
19.12% 22.81% 32.54% 34.88% 21.12% 23.94% 31.42% 34.24% 25.23% 23.64% 29.47%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
2.42 2.74 4.11 4.28 2.67 2.76 3.56 4.27 3.06 2.72 3.34
NOPAT to Interest Expense
1.86 2.04 3.08 3.24 1.99 2.01 2.63 3.18 2.32 1.96 2.49
EBIT Less CapEx to Interest Expense
-3.61 -1.83 -1.59 -1.07 -4.08 -2.15 -1.55 -0.91 -3.51 -1.08 -1.51
NOPAT Less CapEx to Interest Expense
-4.18 -2.54 -2.62 -2.11 -4.76 -2.90 -2.48 -2.00 -4.25 -1.85 -2.37
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
56.95% 57.33% 55.48% 55.87% 56.36% 57.46% 58.79% 58.29% 55.66% 55.65% 56.23%
Augmented Payout Ratio
56.95% 57.33% 55.48% 55.87% 56.36% 57.46% 58.79% 58.29% 55.66% 55.65% 56.23%

Key Financial Trends

American Water Works (NYSE: AWK) has demonstrated consistent revenue growth and solid profitability over the past four years, with some fluctuations driven by operating costs and investments. Here's a detailed summary of key financial trends and metrics from Q3 2022 through Q1 2025.

  • Revenue Growth: Operating revenues increased from $938 million in Q1 2023 to $1.142 billion in Q1 2025, indicating steady top-line growth.
  • Profitability: Net income rose gradually from $170 million in Q1 2023 to $205 million in Q1 2025, supported by solid operating income and manageable expenses.
  • Gross Margins: Gross profit margins remain stable around 58-63% over the quarters, reflecting efficient cost management relative to revenues.
  • Strong Operating Cash Flow: Net cash from operating activities was $331 million in Q1 2025, representing solid cash generation capability to fund operations and investments.
  • Capital Expenditures: Significant ongoing investments in property, plant, and equipment reflect the company's commitment to infrastructure growth; for instance, $548 million spent in Q1 2025.
  • Dividend Payments: Consistent dividend payments of around $0.76 per share in 2024 quarters, indicating strong shareholder returns and confidence in cash flow stability.
  • Leverage and Debt Levels: Total long-term debt increased moderately from approximately $10.5 billion in early 2023 to $13.3 billion in Q1 2025, alongside strategic repayment and issuance activity.
  • Interest Expenses: Interest expenses have slightly increased to $144 million in Q1 2025, mirroring higher debt balances but remain manageable relative to operating income.
  • Working Capital Changes: Fluctuations in operating assets and liabilities impact cash flows variably with some quarters showing net increases in working capital needs.
  • Net Cash from Investing Activities: Continuous negative cash flows due to capital expenditures and acquisitions indicate high capital intensity, with $568 million outflow in Q1 2025.

Summary: American Water Works showcases steady revenue and net income growth with robust cash flow generation, supporting ongoing large-scale investments and steady dividend payments. While leverage has grown moderately, the company appears to manage interest costs well. Investors should consider the capital-intensive nature of the business, which leads to consistent cash outflows for infrastructure and acquisitions. Overall, American Water Works maintains a strong financial position and demonstrates a positive trend in operational performance.

08/08/25 10:59 AMAI Generated. May Contain Errors.

Frequently Asked Questions About American Water Works' Financials

When does American Water Works' financial year end?

According to the most recent income statement we have on file, American Water Works' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has American Water Works' net income changed over the last 10 years?

American Water Works' net income appears to be on an upward trend, with a most recent value of $1.05 billion in 2024, rising from $423 million in 2014. The previous period was $944 million in 2023. Find out what analysts predict for American Water Works in the coming months.

What is American Water Works' operating income?
American Water Works' total operating income in 2024 was $1.72 billion, based on the following breakdown:
  • Total Gross Profit: $2.83 billion
  • Total Operating Expenses: $1.11 billion
How has American Water Works' revenue changed over the last 10 years?

Over the last 10 years, American Water Works' total revenue changed from $3.01 billion in 2014 to $4.68 billion in 2024, a change of 55.6%.

How much debt does American Water Works have?

American Water Works' total liabilities were at $22.50 billion at the end of 2024, a 9.7% increase from 2023, and a 102.5% increase since 2014.

How much cash does American Water Works have?

In the past 10 years, American Water Works' cash and equivalents has ranged from $23 million in 2014 to $547 million in 2020, and is currently $96 million as of their latest financial filing in 2024.

How has American Water Works' book value per share changed over the last 10 years?

Over the last 10 years, American Water Works' book value per share changed from 27.41 in 2014 to 53.01 in 2024, a change of 93.4%.



This page (NYSE:AWK) was last updated on 8/8/2025 by MarketBeat.com Staff
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