American Water Works is the largest publicly traded water and wastewater utility in the United States by customer count. It supplies drinking water and collects and treats wastewater for households, businesses and municipalities in many states, and it also operates contracts on military bases. Revenue comes mainly from regulated rates approved by state commissions, which allow recovery of costs and a return on large investments in pipes and treatment plants.
Revenue over the last twelve months was $5.3 billion, with growth of 10.8% a year over three years. The operating margin stands at 37.0%. The return on invested capital is shown as 6%. Net debt to EBITDA is 5.5 times. Shareholders receive a dividend yielding 2.6%. Its X-Ray Score is 62 out of 100. These numbers describe past results and current financial position, and they are shown for reference only.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
52-wk range $118.82 – $142.37Volume 1,543,700Daily, split-adjusted
Vitals
Market cap$26.4B
52-week range$118.82 – $142.37
Volume (last day)1,543,700
P/E (TTM)23.4
EBIT / EV yield4.6%
Free-cash-flow yield-3.9%
Dividend yield2.6%
Revenue (TTM)$5.3B
Net income (TTM)$1.1B
Operating margin37.0%
Return on capital5.6%
Debt incl. leases$16.0B
Cash & securities$191M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$121model spread $106 – $138
Fair−10.5% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Terminal value >80% of DCF: lower confidence
Price $135
Undervalued < $85Fair $85 – $157Overvalued > $157
10-year DCF (market-scaled)
$98
Peer multiples
$134
Earnings power floor (not blended)
$39
Fundamentals-adjusted multiple
$131
Growth the price implies
12.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
ValuationFair
51/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.6%
Free-cash-flow yield-3.9%
Fair value vs price0.9×
GrowthStrong
76/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)10.8%
EPS growth (3y)8.1%
Growth consistency100%
ProfitabilityFair
69/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital5.6%
Operating margin37.0%
Financial healthFair
58/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA5.5×
Interest cover3.0×
DividendsFair
59/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.6%
Dividend growth10.7%
Quarterly results: last 6 quarters
+13.1%Mar '25
+11.6%Jun '25
+9.5%Sep '25
+7.5%Dec '25
+6.1%Mar '26
+6.1%Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.4B, diluted EPS $1.61.
Fundamentals checklist
● 5 Good · ● 8 Average · ● 1 Bad
Cash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 66/100.
Financials
FY21
FY22
FY23
FY24
FY25
Revenue
$3.9B
$3.8B
$4.2B
$4.7B
$5.1B
Operating income
$1.2B
$1.3B
$1.5B
$1.7B
$1.9B
Net income
$1.3B
$820M
$944M
$1.1B
$1.1B
Operating cash flow
$1.4B
$1.1B
$1.9B
$2.0B
$2.1B
Operating margin
30.6%
33.8%
35.7%
36.9%
36.7%
Free cash flow
−$323M
−$1.2B
−$701M
−$811M
−$1.1B
Diluted EPS
$6.95
$4.51
$4.90
$5.39
$5.69
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
11 bullish · 1 neutral · 4 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
SMA 10
130.0
Bullish
EMA 10
131.3
Bullish
SMA 20
130.5
Bullish
EMA 20
131.6
Bullish
SMA 50
134.8
Bullish
EMA 50
132.8
Bullish
SMA 100
131.9
Bullish
EMA 100
132.5
Bullish
SMA 200
130.7
Bullish
EMA 200
131.8
Bullish
Oscillators (daily)
RSI (14)
59.39
Neutral
MACD (12, 26)
-0.84
Bearish
Momentum (12)
4.22
Bullish
Stochastic %K (14)
92.77
Bearish
Williams %R (14)
-7.23
Bearish
CCI (20)
123.3
Bearish
Pivot points (classic, last session)
S3
131.1
S2
131.9
S1
133.4
Pivot
134.3
R1
135.8
R2
136.6
R3
138.1
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.45 USD
Yield on today's price
2.55%
Frequency
Quarterly
Next ex-dividend date
Not announced
Ex-dividend date
Amount per share
11 Aug 2026
0.8950
12 May 2026
0.8950
10 Feb 2026
0.8280
13 Nov 2025
0.8280
12 Aug 2025
0.8280
13 May 2025
0.8280
7 Feb 2025
0.7650
12 Nov 2024
0.7650
13 Aug 2024
0.7650
13 May 2024
0.7650
7 Feb 2024
0.7080
13 Nov 2023
0.7080
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.