American Water Works Company, Inc. (AWK) 10-Year Financial Performance & Capital Metrics

AWK • • Utilities

UtilitiesWater UtilitiesIntegrated Water UtilitiesMulti-State Water Utilities

AboutAmerican Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems. It also provides water and wastewater services on various military installations; and undertakes contracts with municipal customers, primarily to operate and manage water and wastewater facilities, as well as offers other related services. In addition, the company operates approximately 80 surface water treatment plants; 480 groundwater treatment plants; 160 wastewater treatment plants; 52,500 miles of transmission, distribution, and collection mains and pipes; 1,100 groundwater wells; 1,700 water and wastewater pumping stations; 1,300 treated water storage facilities; and 76 dams. It serves approximately 14 million people with drinking water, wastewater, and other related services in 24 states. American Water Works Company, Inc. was founded in 1886 and is headquartered in Camden, New Jersey.Show more

Revenue $4.68B +10.6%
EBITDA $2.51B +13.5%
Net Income $1.05B +11.3%
Free Cash Flow -$811M +5.7%
EBITDA Margin 53.5% +2.6%
Net Margin 22.44% +0.6%
ROE 10.44% -3.3%
Interest Coverage 3.28 +0.5%
Debt/Equity 1.37 +7.5%
Net Debt/EBITDA 5.59 +1.9%
CapEx / Revenue 60.97% +0.3%
CapEx Coverage 0.72 -1.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓11 years of consecutive dividend growth
✓11 consecutive years of dividend growth
✓Strong interest coverage of 3.3x
✓Healthy dividend yield of 2.3%

✗Weaknesses

✗High leverage: 5.6x Debt/EBITDA

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.52%

5Y5.35%

3Y6.02%

TTM12.29%

Profit (Net Income) CAGR

10Y9.53%

5Y11.1%

3Y-5.94%

TTM13.12%

EPS CAGR

10Y8.66%

5Y9.46%

3Y-8.08%

TTM13.1%

ROCE

10Y Avg6.14%

5Y Avg5.58%

3Y Avg5.6%

Latest5.94%

Peer Comparison

Multi-State Water Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
AWKAmerican Water Works Company, Inc.	25.62B	131.26	24.35	10.63%	21.93%	10.2%	1.37
HTOH2O America	1.87B	52.11	18.68	11.65%	13.59%	7.17%	1.34
WTRGEssential Utilities, Inc.	11.09B	39.19	18.06	1.57%	28.09%	9.81%	1.25
CWTCalifornia Water Service Group	2.65B	44.52	13.70	30.48%	13.61%	8.01%	0.85
SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP	16.24B	23.19	1.65	41.35%	19.5%	18.81%	0.68

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	3.16B	3.3B	3.36B	3.44B	3.61B	3.78B	3.93B	3.79B	4.23B	4.68B
Revenue Growth %	0.05%	0.05%	0.02%	0.02%	0.05%	0.05%	0.04%	-0.04%	0.12%	0.11%
Cost of Revenue	1.4B	1.5B	1.38B	1.48B	1.54B	1.62B	1.78B	1.59B	1.72B	1.86B
Gross Profit+	1.75B	1.8B	1.98B	1.96B	2.07B	2.15B	2.15B	2.2B	2.51B	2.83B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.06%	0.02%	0.1%	-0.01%	0.05%	0.04%	-0%	0.02%	0.14%	0.12%
Operating Expenses+	683M	718M	735M	859M	852M	907M	957M	930M	1.01B	1.11B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	1.51B	1.55B	1.75B	1.65B	1.8B	1.85B	1.83B	1.92B	2.21B	2.51B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.06%	0.02%	0.13%	-0.06%	0.09%	0.03%	-0.01%	0.05%	0.15%	0.13%
Depreciation & Amortization+	440M	470M	492M	545M	582M	604M	636M	649M	704M	788M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	1.07B	1.08B	1.25B	1.1B	1.21B	1.25B	1.2B	1.27B	1.5B	1.72B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.07%	0%	0.16%	-0.12%	0.1%	0.03%	-0.04%	0.06%	0.18%	0.14%
Interest Expense+	321M	339M	356M	361M	386M	397M	403M	433M	460M	523M
Interest Coverage	3.35x	3.19x	3.52x	3.05x	3.15x	3.14x	2.97x	2.94x	3.27x	3.28x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K
Pretax Income+	782M	770M	912M	787M	833M	924M	1.64B	1.01B	1.2B	1.36B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	306M	302M	486M	222M	212M	215M	377M	188M	252M	308M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	476M	468M	426M	567M	621M	709M	1.26B	820M	944M	1.05B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.13%	-0.02%	-0.09%	0.33%	0.1%	0.14%	0.78%	-0.35%	0.15%	0.11%
EPS (Diluted)+	2.64	2.62	2.38	3.15	3.43	3.90	6.94	4.51	4.89	5.39
EPS Growth %	0.12%	-0.01%	-0.09%	0.32%	0.09%	0.14%	0.78%	-0.35%	0.08%	0.1%
EPS (Basic)	2.66	2.63	2.39	3.15	3.43	3.92	6.94	4.51	4.89	5.39
Diluted Shares Outstanding	180M	179M	179M	180M	181M	182M	182M	182M	193M	195M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	17.24B	18.48B	19.48B	21.22B	22.68B	24.77B	26.07B	27.79B	30.3B	32.83B
Asset Growth %	0.07%	0.07%	0.05%	0.09%	0.07%	0.09%	0.05%	0.07%	0.09%	0.08%
PP&E (Net)+	13.93B	14.99B	16.25B	17.41B	18.34B	19.8B	21.18B	23.3B	25.52B	28.13B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	657M	784M	720M	781M	1.28B	1.91B	1.55B	1.25B	1.39B	1.22B
Cash & Equivalents	45M	75M	55M	130M	60M	547M	116M	85M	330M	125M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	38M	39M	41M	41M	44M	47M	57M	98M	112M	103M
Other Current Assets	52M	138M	140M	123M	715M	785M	858M	344M	220M	160M
Long-Term Investments	0	0	0	0	0	0	0	0	0	88M
Goodwill	1.3B	1.34B	1.38B	1.57B	1.5B	1.5B	1.14B	1.14B	1.14B	1.14B
Intangible Assets	12M	10M	9M	84M	67M	55M	0	0	0	0
Other Assets	1.35B	1.36B	1.13B	1.37B	1.49B	1.5B	2.21B	2.09B	2.24B	2.26B
Total Liabilities	12.19B	13.26B	14.1B	15.36B	16.56B	18.31B	18.78B	20.09B	20.5B	22.5B
Total Debt+	6.56B	7.18B	7.72B	8.6B	9.54B	11.02B	11.06B	12.45B	12.44B	14.11B
Net Debt	6.51B	7.11B	7.66B	8.47B	9.48B	10.47B	10.95B	12.37B	12.11B	14.01B
Long-Term Debt	5.86B	5.75B	6.49B	7.57B	8.64B	9.33B	10.34B	10.93B	11.71B	12.52B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	1M	1M	89M	81M	80M	70M	73M	76M
Total Current Liabilities+	1.53B	2.39B	2.33B	2.09B	2.04B	2.88B	2.14B	2.81B	2.15B	3.15B
Accounts Payable	126M	154M	195M	175M	203M	189M	235M	254M	294M	346M
Accrued Expenses	555M	672M	703M	643M	680M	679M	789M	797M	884M	902M
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	144M	112M	167M	196M	302M	352M	300M	255M	252M	230M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	2.46B	2.5B	3.71B	3.96B	3.9B	3.91B	3.79B	3.85B	3.85B	3.87B
Total Equity+	5.05B	5.22B	5.38B	5.86B	6.12B	6.45B	7.3B	7.69B	9.8B	10.33B
Equity Growth %	0.03%	0.03%	0.03%	0.09%	0.04%	0.05%	0.13%	0.05%	0.27%	0.05%
Shareholders Equity	5.05B	5.22B	5.38B	5.86B	6.12B	6.45B	7.3B	7.69B	9.8B	10.33B
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M
Additional Paid-in Capital	6.35B	6.39B	6.43B	6.66B	6.7B	6.75B	6.78B	6.82B	8.55B	8.6B
Retained Earnings	-1.07B	-873M	-723M	-464M	-207M	102M	925M	1.27B	1.66B	2.11B
Accumulated OCI	-88M	-86M	-79M	-34M	-36M	-49M	-45M	-23M	-26M	12M
Return on Assets (ROA)	0.03%	0.03%	0.02%	0.03%	0.03%	0.03%	0.05%	0.03%	0.03%	0.03%
Return on Equity (ROE)	0.1%	0.09%	0.08%	0.1%	0.1%	0.11%	0.18%	0.11%	0.11%	0.1%
Debt / Equity	1.30x	1.38x	1.43x	1.47x	1.56x	1.71x	1.52x	1.62x	1.27x	1.37x
Debt / Assets	0.38%	0.39%	0.4%	0.41%	0.42%	0.45%	0.42%	0.45%	0.41%	0.43%
Net Debt / EBITDA	4.30x	4.59x	4.39x	5.15x	5.28x	5.66x	5.97x	6.43x	5.49x	5.59x
Book Value per Share	28.05	29.15	30.08	32.58	33.82	35.46	40.1	42.27	50.76	52.98

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.18B	1.28B	1.45B	1.39B	1.38B	1.43B	1.44B	1.11B	1.87B	2.04B
Operating CF Growth %	0.07%	0.08%	0.14%	-0.04%	-0%	0.03%	0.01%	-0.23%	0.69%	0.09%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	476M	468M	426M	567M	621M	709M	1.26B	820M	944M	1.05B
Depreciation & Amortization	440M	470M	492M	545M	582M	604M	636M	649M	704M	788M
Deferred Taxes	296M	282M	462M	195M	208M	207M	230M	80M	208M	156M
Other Non-Cash Items	37M	35M	16M	111M	38M	0	-774M	-35M	-9M	26M
Working Capital Changes	-70M	21M	53M	-32M	-66M	-94M	86M	-406M	27M	-12M
Capital Expenditures+	-1.27B	-1.4B	-1.51B	-1.67B	-1.76B	-1.93B	-1.87B	-2.42B	-2.73B	-2.86B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-1.47B	-1.59B	-1.67B	-2.04B	-1.95B	-2.06B	-1.54B	-2.13B	-2.81B	-3.38B
Acquisitions	-192M	-195M	-162M	-363M	-187M	-133M	337M	293M	-81M	-417M
Purchase of Investments	-6M	0	0	0	0	0	0	0	0	-135M
Sale of Investments	0	1000K	0	0	0	0	0	0	0	1000K
Other Investing	-107M	-84M	-76M	-87M	-104M	-106M	-109M	-123M	-159M	-152M
Cash from Financing+	308M	341M	207M	726M	494M	1.12B	-345M	1B	1.19B	1.11B
Dividends Paid	-239M	-261M	-289M	-319M	-353M	-389M	-428M	-467M	-532M	-585M
Dividend Payout Ratio %	0.5%	0.56%	0.68%	0.56%	0.57%	0.55%	0.34%	0.57%	0.56%	0.56%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K
Stock Issued	39M	26M	15M	199M	15M	9M	-1M	0	1.69B	0
Share Repurchases	-126M	-65M	-54M	-45M	-36M	0	0	0	0	0
Other Financing	26M	16M	-19M	-1M	26M	13M	62M	69M	62M	47M
Net Change in Cash+	29M	29M	-13M	76M	-67M	485M	-440M	-19M	247M	-239M
Exchange Rate Effect	1000K	-1000K	1000K	0	1000K	0	0	0	0	-1000K
Cash at Beginning	37M	66M	95M	82M	158M	91M	576M	136M	117M	364M
Cash at End	66M	95M	82M	158M	91M	576M	136M	117M	364M	125M
Free Cash Flow+	-88M	-119M	-61M	-287M	-375M	-502M	-432M	-1.31B	-860M	-811M
FCF Growth %	-2.4%	-0.35%	0.49%	-3.7%	-0.31%	-0.34%	0.14%	-2.04%	0.34%	0.06%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.55%	9.12%	8.04%	10.08%	10.36%	11.28%	18.37%	10.94%	10.79%	10.44%
EBITDA Margin	47.96%	46.94%	51.98%	47.88%	49.75%	49.03%	46.62%	50.69%	52.15%	53.5%
Net Debt / EBITDA	4.30x	4.59x	4.39x	5.15x	5.28x	5.66x	5.97x	6.43x	5.49x	5.59x
Interest Coverage	3.35x	3.19x	3.52x	3.05x	3.15x	3.14x	2.97x	2.94x	3.27x	3.28x
CapEx / Revenue	36.72%	39.7%	42.72%	46.1%	45.82%	48.24%	44.89%	60.57%	60.82%	60.97%
Dividend Payout Ratio	50.21%	55.77%	67.84%	56.26%	56.84%	54.87%	33.89%	56.95%	56.36%	55.66%
Debt / Equity	1.30x	1.38x	1.43x	1.47x	1.56x	1.71x	1.52x	1.62x	1.27x	1.37x
EPS Growth	12.34%	-0.76%	-9.16%	32.35%	8.89%	13.7%	77.95%	-35.01%	8.43%	10.22%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Regulated Business	2.74B	2.87B	2.96B	2.98B	3.09B	3.5B	3.38B	3.5B	3.92B	4.3B
Regulated Business Growth	-	4.67%	3.03%	0.88%	3.69%	13.28%	-3.45%	3.58%	11.84%	9.59%
Market Based Businesses	434M	451M	422M	476M	539M	287M	563M	287M	314M	388M
Market Based Businesses Growth	-	3.92%	-6.43%	12.80%	13.24%	-46.75%	96.17%	-49.02%	9.41%	23.57%

Frequently Asked Questions

Valuation & Price

American Water Works Company, Inc. (AWK) has a price-to-earnings (P/E) ratio of 24.4x. This is roughly in line with market averages.

Growth & Financials

American Water Works Company, Inc. (AWK) reported $5.07B in revenue for fiscal year 2024. This represents a 90% increase from $2.67B in 2011.

American Water Works Company, Inc. (AWK) grew revenue by 10.6% over the past year. This is steady growth.

Yes, American Water Works Company, Inc. (AWK) is profitable, generating $1.11B in net income for fiscal year 2024 (22.4% net margin).

Dividend & Returns

Yes, American Water Works Company, Inc. (AWK) pays a dividend with a yield of 2.29%. This makes it attractive for income-focused investors.

American Water Works Company, Inc. (AWK) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

American Water Works Company, Inc. (AWK) had negative free cash flow of $977.0M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

American Water Works Company, Inc. (AWK) has a dividend payout ratio of 56%. This suggests the dividend is well-covered and sustainable.

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