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

$138.02-0.90(-0.01%)After hours

Market Cap

$27.10B

P/E

24.0x

P/S

5.2x

P/B

2.3x

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.

How this company scores

AverageMetricSide Score: 48/100

Strongest: Profitability (20/25); weakest: Cash & Earnings Quality (0/25).

Profitability20/25

Growth16/25

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 · 24.0x5y range 18.4x – 40.6x

Currently near its 20-quarter median.

P/S · 5.2x5y range 5.0x – 8.8x

Currently near its 20-quarter median.

P/B · 2.3x5y range 2.3x – 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 $27.10B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $5.26B
Q. Revenue: $1.35B
TTM EBITDA: $3.33B
TTM Op. Income: $1.95B
Q. Op. Income: $542.00M
TTM Net Income: $1.13B
Q. Net Income: $315.00M
EPS: $1.61
Shares Out.: $196.00M

$5.26B in TTM revenue grew 7.2% YoY, reaching $1.35B last quarter. TTM EBITDA of $3.33B and TTM operating income of $1.95B show growth is flowing through to the bottom line. TTM net income of $1.13B 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: 57.9%
Op. Margin: 40.1%
Net Margin: 23.3%

Op. margin of 40.1% is up 1.7% YoY — cost efficiency is improving. Net margin at 23.3% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 24.0x
P/S Ratio: 5.2x
P/B Ratio: 2.3x

At 24.0x P/E, the stock trades within typical market levels. P/S of 5.2x and P/B of 2.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 4% — an improving trend.

Assets & Liabilities

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

Total Assets: $36.45B
Cash: $191.00M
Long-Term Debt: $14.04B
Book Value: $11.66B
D/E Ratio: 1.2
Debt/EBITDA: 18.0

With $36.45B in assets and $14.04B in long-term debt, D/E is 1.2and book value is $11.66B — moderate leverage. Over the past year, debt/equity is up 5% — a weakening trend.

Cash Flow

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

Op. Cash Flow: $602.00M
TTM Free Cash Flow: $-1.03B
FCF Margin: -19.6%
FCF / Net Income: -0.9

TTM FCF of $-1.03B on $602.00M in operating cash flow. The FCF / Net Income ratio of -0.9x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 13% — an improving trend.