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AWKAmerican Water Works Company, Inc.
$133.82$26.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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AWK logo

American Water Works Company, Inc.

AWK
NYSE · Water Utilities
$133.82
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$26.59B
P/E23.5x
52W High$145.64
Volume2.07M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Rate Base Expansion Drives Margin Growth Amid Leverage

American Water Works' regulated water utility model is delivering accelerating revenue growth (6.2% YoY in 2026Q2) and strong operating margins (40.0%), driven by aggressive rate base expansion (net PPE up 22.3% since 2024Q1). The company's cost recovery mecha...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

AWK price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

In Line

P/E is in line with peer median

03

Market leadership

RS 58 · Avg

Average momentum (RS Rating: 58)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 29
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue grew 6.2% YoY in 2026Q2 to $1.4B, with operating margin expanding to 40.0% and net margin at 23.2%, reflecting strong cost recovery and rate base growth.

Analyst Consensus+5.0% target
Buy(30 analysts)
14 Buy14 Hold2 Sell

The Bull Case

Upside Catalysts

Infrastructure Gap Drives Demand

Water and wastewater services are essential, creating a stable demand. The U.S. faces a $434 billion infrastructure investment gap by 2029, providing a structural tailwind for AWK’s heavy investment in upgrades and PFAS remediation.

Regulated Model Yields Predictable Growth

AWK’s regulated business model delivers stable cash flows. The company targets 8‑9% growth in its rate base and 7‑9% annual EPS and dividend growth, ensuring consistent earnings expansion.

Merger Creates Scale & Efficiency

The merger with Essential Utilities (WTRG) is expected to enhance scale advantages. It will combine rate bases, expand AWK’s footprint, and unlock operational efficiencies.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AWK+4.69%
S&P 500 (^GSPC)+13.20%
1-Year Return
AWK+1.64%
S&P 500 (^GSPC)+15.98%
3-Year Return
AWK+8.43%
S&P 500 (^GSPC)+81.01%
5-Year Return
AWK-16.37%
S&P 500 (^GSPC)+77.11%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
23.5x
Forward P/EExpansion
22.0x
EV/EBITDA40th %ile
15.3x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
23.5x
27.0x
40th· Fair
EV/EBITDA
15.3x
17.0x
40th· Fair
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$164.05+22.6%
Base (Fair)$172.09+26.6%
Bull$194.43+45.3%
$164.05 Bear$172.09 Base$194.43 Bull
Current Market Price: $133.82
Trades at a 22.2% discount to Base DCF ($172.09)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$5.14B+9.7% YoY
Net income
$1.11B+5.7% YoY
Free cash flow
-$1.07B-31.6% YoY
Operating margin
36.6%-0.1 pts YoY
ROIC (TTM)5.5%
Avg ROIC 5Y-
ROE (TTM)10.5%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$1.61+5.2%
vs $1.53
$1.4B+2.2%
vs $1.3B
Q2 2026
Apr 29, 2026
$1.01-7.3%
vs $1.09
$1.2B+3.1%
vs $1.2B
Q1 2026
Feb 18, 2026
$1.24-1.6%
vs $1.26
$1.3B-1.3%
vs $1.3B
Q4 2025
Oct 29, 2025
$1.94+3.2%
vs $1.88
$1.5B+9.4%
vs $1.3B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
PRNewsWire·6d ago
American Water Charitable Foundation Awards $50,000 in Workforce Readiness and STEM Education Grants in Virginia

Virginia American Water partners with seven nonprofit organizations to support career readiness, STEM education and workforce development programs ALEXANDRIA, Va., Sept. 17, 2026 /PRNewswire/ -- The American Water Charitable Foundation, a philanthropic non-profit organization established by American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., recently announced seven organizations supporting communities served by Virginia American Water received Workforce Readiness and STEM Education grants.

PRNewsWire·6d ago
American Water Charitable Foundation Awards $50,000 in Workforce Readiness and STEM Education Grants in Maryland

Maryland American Water partners with five nonprofit organizations to support career readiness, STEM education and workforce development programs BEL AIR, Md., Sept. 17, 2026 /PRNewswire/ -- The American Water Charitable Foundation, a philanthropic non-profit organization established by American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., recently announced five organizations supporting communities served by Maryland American Water received Workforce Readiness and STEM Education grants.

PRNewsWire·6d ago
Missouri American Water Supports Local Heroes Through 2026 Firefighter Grant Program

Nearly $50,000 awarded to Missouri fire departments and emergency response organizations. ST. LOUIS, Sept.

Defense World·6d ago
American Water Works Company, Inc. $AWK Position Reduced by Tidal Investments LLC

Tidal Investments LLC trimmed its position in American Water Works Company, Inc. (NYSE: AWK) by 63.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,514 shares of the utilities provider's stock after selling 25,599 shares during the period. Tidal Investments LLC's

Filtered for American Water Works Company, Inc.More Headlines
04

Compare before deciding

Benchmark AWK against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for American Water Works Company, Inc. (AWK)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AWK logoAWKAmerican Water Works Company, Inc.Current
$133.82$26.59B23.489.74%21.61%10.5%2.43%
WTRG logoWTRGEssential Utilities, Inc.
$40.38$11.45B18.3518.62%21.6%8.05%—
CWT logoCWTCalifornia Water Service Group
$47.29$2.83B22.00-3.54%12.63%7.61%—
MSEX logoMSEXMiddlesex Water Company
$54.92$1.02B23.271.47%23.26%9.57%—
YORW logoYORWThe York Water Company
$31.59$512.05M22.733.37%401.03%9.38%—
ARTNA logoARTNAArtesian Resources Corporation
$34.30$354.13M15.524.62%20.18%9.37%—

Compare AWK vs Peers

American Water Works Company, Inc. (AWK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WTRG

Most directly comparable listed peer for AWK.

Scale Benchmark

vs NEE

Larger-name benchmark to compare AWK against a more recognizable public peer.

Peer Set

Compare Top 5

vs WTRG, CWT, MSEX, YORW

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AWK SEC Filings & Documents

American Water Works Company, Inc. (AWK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

Jul 16, 2026·SEC

Material company update

Jul 1, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 19, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Jul 29, 2026·SEC

FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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AWK Frequently Asked Questions

American Water Works Company, Inc. (AWK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is American Water Works Company, Inc.'s revenue?

American Water Works Company, Inc. (AWK) reported $5.28B in revenue for fiscal year 2025. This represents a 704% increase from $657.4M in 1992.

How fast is American Water Works Company, Inc. growing?

American Water Works Company, Inc. (AWK) grew revenue by 9.7% over the past year. This is steady growth.

Is AWK profitable?

Yes, American Water Works Company, Inc. (AWK) is profitable, generating $1.13B in net income for fiscal year 2025 (21.6% net margin).

Dividend & Returns
Does AWK pay dividends?

Yes, American Water Works Company, Inc. (AWK) pays a dividend with a yield of 2.43%. This makes it attractive for income-focused investors.

What is AWK's return on equity?

American Water Works Company, Inc. (AWK) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.

What is American Water Works Company, Inc.'s free cash flow?

American Water Works Company, Inc. (AWK) had negative free cash flow of $1.03B in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics
Is AWK's dividend sustainable?

American Water Works Company, Inc. (AWK) has a dividend payout ratio of 57%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in AWK back in 1992?

Total return calculator · dividends reinvested · 34+ years of data

See returns →