Essential Utilities (WTRG) Stock Fundamentals, Analysis & Risk Signals

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

Essential Utilities

NYSE•Utilities•Utilities - Regulated Water

$41.70-0.17(<0.01%)Pre-market

Market Cap

$11.64B

P/E

21.0x

P/S

4.5x

P/B

1.7x

Essential Utilities, Inc., through its subsidiaries, operates regulated utilities that provide water, wastewater, and natural gas services in the United States. The company operates through Regulated Water; and Regulated Natural Gas segments. It also provides utility service line protection solutions and repair services to households; gas marketing and production activities; and natural gas distribution services. The company serves approximately 5.5 million residential water, commercial water, fire protection, industrial water, wastewater, and other water and utility customers in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Kentucky under the Aqua and Peoples brands. The company was formerly known as Aqua America, Inc. and changed its name to Essential Utilities, Inc. in February 2020. Essential Utilities, Inc. was founded in 1886 and is headquartered in Bryn Mawr, Pennsylvania.

How this company scores

AverageMetricSide Score: 40/100

Strongest: Profitability (15/25); weakest: Cash & Earnings Quality (1/25).

Profitability15/25

Growth13/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality1/25

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 · 21.0x5y range 16.1x – 30.9x

Currently near its 20-quarter median.

P/S · 4.5x5y range 4.0x – 6.9x

Currently near its 20-quarter median.

P/B · 1.7x5y range 1.5x – 2.7x

Watch items

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

High Risk

Margin Pressure

Watch

Operating margins declined 7.8% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $11.64B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $2.57B
Q. Revenue: $530.85M
TTM EBITDA: $1.34B
TTM Op. Income: $900.69M
Q. Op. Income: $193.27M
TTM Net Income: $554.87M
Q. Net Income: $105.72M
EPS: $0.37
Shares Out.: $283.65M

$2.57B in TTM revenue grew 9.9% YoY, reaching $530.85M last quarter. TTM EBITDA of $1.34B and TTM operating income of $900.69M show growth is flowing through to the bottom line. TTM net income of $554.87M 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: 57.7%
Op. Margin: 36.4%
Net Margin: 19.9%

Op. margin of 36.4% is up 0.4% YoY — cost efficiency is improving. Net margin at 19.9% 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: 21.0x
P/S Ratio: 4.5x
P/B Ratio: 1.7x

At 21.0x P/E, the stock trades within typical market levels. P/S of 4.5x and P/B of 1.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $19.94B
Cash: $8.63M
Long-Term Debt: $8.42B
Book Value: $7.02B
D/E Ratio: 1.2
Debt/EBITDA: 27.5

With $19.94B in assets and $8.42B in long-term debt, D/E is 1.2and book value is $7.02B — moderate leverage. Over the past year, debt/equity is up 6% — an improving trend.

Cash Flow

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

Op. Cash Flow: $323.57M
TTM Free Cash Flow: $-511.54M
FCF Margin: -19.9%
FCF / Net Income: -0.9

TTM FCF of $-511.54M on $323.57M in operating cash flow. The FCF / Net Income ratio of -0.9x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.