American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services on military installations; and undertakes contracts with municipal customers, primarily to operate and manage water and wastewater facilities, as well as offers other related services. The company also operates approximately 80 surface water treatment plants; 520 groundwater treatment plants; 170 wastewater treatment plants; 55,000 miles of transmission, distribution, and collection mains and pipes; 1,200 groundwater wells; 1,800 water and wastewater pumping stations; 1,100 treated water storage facilities; and 75 dams. In addition, it offers water and wastewater services to 14 states serving approximately 3.6 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. The company was founded in 1886 and is headquartered in Camden, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.1B | $2.9B | $1.1B | $-1.2B | 10.3% | 9.7% | 5.7% |
| 2024 | $4.7B | $2.7B | $1.1B | $-963M | 10.2% | 10.6% | 11.3% |
| 2023 | $4.2B | $2.4B | $944M | $-860M | 9.6% | 11.7% | 15.1% |
| 2022 | $3.8B | $2.1B | $820M | $-1.3B | 10.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,792 | 4,234 | 4,684 | 5,140 |
| Cost Of Revenue | - | 1,589 | 1,720 | 1,858 | 2,019 |
| Gross Profit | - | 2,203 | 2,514 | 2,826 | 3,121 |
| Operating Expense | - | 930 | 1,010 | 1,108 | 1,242 |
| Operating Income | - | 1,273 | 1,504 | 1,718 | 1,879 |
| EBITDA | - | 2,090 | 2,360 | 2,670 | 2,931 |
| EBIT | - | 1,441 | 1,656 | 1,882 | 2,037 |
| Pretax Income | - | 1,008 | 1,196 | 1,359 | 1,422 |
| Tax Provision | - | 188 | 252 | 308 | 311 |
| Net Income | - | 820 | 944 | 1,051 | 1,111 |
| Net Income Common Stockholders | - | 820 | 944 | 1,051 | 1,111 |
| Total Expenses | - | 2,519 | 2,730 | 2,966 | 3,261 |
| Interest Expense | - | 433 | 460 | 523 | 615 |
| Interest Income | - | 52 | 73 | 94 | 90 |
| Normalized EBITDA | - | 2,071 | 2,360 | 2,670 | 2,931 |
| Normalized Income | - | 804.55 | 944 | 1,051 | 1,111 |
| Market Cap | 25,858.99 | 25,858.99 | 25,858.99 | 25,858.99 | 25,858.99 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| American Water Works Company, Inc.this co. | AWK | $25.9B | 23.28 | 2.39 | 10.3% | 14.22 |
| Atmos Energy Corporation | ATO | $29.5B | 25.59 | 2.26 | 8.8% | 16.68 |
| PPL Corporation | PPL | $28.6B | 24.68 | 1.96 | 7.9% | 12.83 |
| FirstEnergy Corp. | FE | $28.5B | 28.02 | 2.28 | 8.2% | 12.94 |
| Edison International | EIX | $28.0B |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 5.64 |
| 1.55 |
| 27.5% |
| 6.31 |
| CenterPoint Energy, Inc. | CNP | $27.7B | 26.41 | 2.49 | 9.4% | 13.78 |
| Eversource Energy | ES | $25.5B | 15.24 | 1.59 | 10.4% | 10.16 |
| CMS Energy Corporation | CMS | $23.6B | 21.93 | 2.63 | 12.0% | 12.49 |
| NiSource Inc. | NI | $22.8B | 24.71 | 2.43 | 9.8% | 12.83 |
| Peer Median | - | 24.69 | 2.27 | 9.6% | 12.83 | |