American Water Works (AWK): financials, SEC filings and peers
American Water Works (AWK) is a water utilities company in the Utilities sector of the S&P 500, headquartered in Camden, New Jersey.
It was founded in 1886 and joined the S&P 500 on March 4, 2016.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Water Supply”.
American Water Works at a glance
- Revenue (12 months)
- $5.3B
- Revenue growth
- +5.6%
- Operating margin
- 37.2%
- Net income (12 months)
- $1.1B
- Free cash flow (12 months)
- −$1.2B
- Cash
- $121M
- Debt
- $16.3B
- Diluted EPS (12 months)
- $5.77
Twelve months to September 30, 2026, from the 10-Q filed October 28, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, American Water Works reported revenue of $5.3 billion, about the same as a year earlier (+5.6%).
Its operating margin was 37.2%: for every $100 of sales, about $37 was left as operating profit.
Net income was $1.1 billion (21.3% of revenue), 2.2% higher than a year earlier.
Operating cash flow was $2.3 billion and capital spending $3.5 billion, leaving free cash flow of −$1.2 billion (-21.7% of revenue). Capital spending equal to 65% of revenue is high; the company is investing heavily.
At the end of the period it held $121 million in cash and $16.3 billion in debt, a net debt position of $16.2 billion.
The diluted share count rose 2.1% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $3.7 billion in fiscal 2020 to $5.1 billion in fiscal 2025, about 6.5% a year.
- Revenue has grown for 3 fiscal years in a row.
- Operating margin widened from 33.3% to 36.7% over the same years.
- Free cash flow was negative in 6 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.9B | $3.8B | $4.2B | $4.7B | $5.1B |
| Revenue growth | 4.6% | -3.9% | 12.1% | 10.3% | 10.1% |
| Operating margin | 30.6% | 33.8% | 35.7% | 36.9% | 36.7% |
| Net income | $1.3B | $820M | $944M | $1.1B | $1.1B |
| Free cash flow | −$323M | −$1.2B | −$701M | −$811M | −$1.1B |
| Diluted EPS | $6.95 | $4.51 | $4.90 | $5.39 | $5.69 |
Fiscal years as reported in American Water Works’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed November 5, 2026 — Other event
- 8-K filed October 28, 2026 — Earnings results
- 10-Q filed October 28, 2026 — quarterly report
- 8-K filed September 17, 2026 — Other event
- 8-K filed September 16, 2026 — Other event
- 8-K filed September 9, 2026 — Other event
- 8-K filed August 31, 2026 — Regulation FD disclosure
- 8-K filed July 29, 2026 — Earnings results
Companies like American Water Works
American Water Works is the only S&P 500 company in Water Utilities.
More from Utilities
Questions about American Water Works
Is American Water Works's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $5.3 billion, up 5.6% from a year earlier, according to its SEC filings.
Is American Water Works profitable?
Yes. It earned $1.1 billion in net income over the twelve months to September 30, 2026, a net margin of 21.3%.
Does American Water Works have more cash or more debt?
At September 30, 2026 it had $121 million in cash and $16.3 billion in debt, so more debt than cash.
When did American Water Works last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 28, 2026.
Which companies are similar to American Water Works?
In the S&P 500, American Water Works is grouped in Water Utilities within the Utilities sector.
Understand the numbers
Source: American Water Works’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.