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American Water Works Company, I (AWK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

American Water Works Company, I
NYSE•Utilities•Utilities - Regulated Water
$147.43+3.06(0.02%)After hours
Market Cap
$29.34B
P/E
25.8x
P/S
5.5x
P/B
2.5x

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.

C

How this company scores

AverageMetricSide Score: 45/100

Strongest: Profitability (18/25); weakest: Cash & Earnings Quality (0/25).

Profitability18/25
Growth15/25
Balance Sheet & Red Flags12/25
Cash & Earnings Quality0/25
Strengths
Strong marginsConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 25.8x5y range 18.4x – 33.8x
P/E 25.8x · near its 20-quarter median

Currently near its 20-quarter median.

P/S · 5.5x5y range 4.9x – 8.8x
P/S 5.5x · near its 20-quarter median

Currently near its 20-quarter median.

P/B · 2.5x5y range 2.2x – 4.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume
Market Cap $29.34B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$5.31B
7Q
Q. Revenue
$1.50B
2Q
TTM EBITDA
$3.38B
7Q
TTM Op. Income
$1.98B
7Q
Q. Op. Income
$641.00M
2Q
TTM Net Income
$1.14B
2Q
Q. Net Income
$387.00M
2Q
EPS
$1.94
2Q
Shares Out.
$199.00M
2Q
$5.31B in TTM revenue grew 5.4% YoY, reaching $1.50B last quarter. TTM EBITDA of $3.38B and TTM operating income of $1.98B show growth is flowing through to the bottom line. TTM net income of $1.14B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
59.0%
2Q
Op. Margin
42.7%
3Q
Net Margin
25.8%
2Q
Op. margin of 42.7% is up 0.4% YoY — cost efficiency is improving. Net margin at 25.8% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
25.8x
7%
P/S Ratio
5.5x
4%
P/B Ratio
2.5x
0%
At 25.8x P/E, the stock trades within typical market levels. P/S of 5.5x and P/B of 2.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 7% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$37.23B
2Q
Cash
$121.00M
27%
Long-Term Debt
$13.99B
7%
Book Value
$11.93B
3Q
D/E Ratio
1.2
2%
Debt/EBITDA
15.8
2Q
With $37.23B in assets and $13.99B in long-term debt, D/E is 1.2and book value is $11.93B — moderate leverage. Over the past year, debt/equity is down 2% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$728.00M
2Q
TTM Free Cash Flow
$-1.16B
23%
FCF Margin
-21.8%
17%
FCF / Net Income
-1.0
21%
TTM FCF of $-1.16B on $728.00M in operating cash flow. The FCF / Net Income ratio of -1.0x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 23% — a weakening trend.

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· near its 20-quarter median

Currently near its 20-quarter median.

Share Dilution

Watch

Shares outstanding rose 2.1% — mild dilution. Compare to earnings growth to assess the net per-share impact.