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American Water Works
AWKUtilitiesGenerated Jul 5, 2026, 08:08 PM UTC
AWK (American Water Works) analytical snapshot. Return on equity 12.27%, ROA 3.12%, ROIC 19.55%. Net income up ▲ +15.1% YoY. Debt/equity 0.87, current ratio 0.37, net debt $9.52B. Market cap $26.73B at $136.86 per share. Trailing P/E 27.93, P/S 9.36, P/B 2.42. EV/Operating income ≈ 24.10 (EV $36.25B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -9 (data confidence 81%). Descriptive analytics from public filings — not investment advice.
Market cap
$26.73B
195.28M shares
Price
$136.86
NYQ
P/E (ttm)
27.93
Revenue (FY)
—
Net margin
—
Free cash flow
-$701.0M
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -15Stable
80% conf
Return on equity 12.27%, ROA 3.12%, ROIC 19.55%. Net income up ▲ +15.1% YoY. Debt/equity 0.87, current ratio 0.37, net debt $9.52B.
- Return on equity 12.27%, ROA 3.12%, ROIC 19.55%.
- Net income up ▲ +15.1% YoY.
- Debt/equity 0.87, current ratio 0.37, net debt $9.52B.
Revenue (FY)
—
Net margin
—
ROE
12.27%
ROA 3.12%
ROIC
19.55%
EPS (diluted)
$4.90
FY2025
Free cash flow
-$701.0M
Debt / equity
0.87
Cash $137.0M
Current ratio
0.37
Equity $11.04B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | — | — | — | — | — | $141.0M | 8.95 |
| 2017 | — | — | — | — | — | $35.0M | 9.68 |
| 2018 | — | — | — | — | — | -$22.0M | 9.27 |
| 2019 | — | — | — | — | — | $15.0M | 8.16 |
| 2020 | — | — | — | — | — | -$200.0M | 10.53 |
| 2021 | — | — | — | — | — | -$271.0M | 10.59 |
| 2022 | — | — | — | — | — | -$396.0M | 11.58 |
| 2023 | — | — | — | — | — | -$323.0M | 19.57 |
| 2024 | — | — | — | — | — | -$1.19B | 11.24 |
| 2025 | — | — | — | — | — | -$701.0M | 12.27 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Jun 30, 2014 | $754.8M | -44.5% | — | 23.51% |
| Sep 30, 2014 | $2.28B | +4.1% | +202.1% | 14.46% |
| Sep 30, 2014 | $846.2M | -61.4% | -62.9% | 38.95% |
| Mar 31, 2015 | $698.1M | +2.4% | -17.5% | 11.47% |
| Jun 30, 2015 | $1.48B | +2.7% | +112.0% | 13.72% |
| Jun 30, 2015 | $782.1M | -45.7% | -47.2% | 25.97% |
Free cash flow (annual)
2016: 141
2017: 35
2018: -22
2019: 15
2020: -200
2021: -271
2022: -396
2023: -323
2024: -1,189
2025: -701
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 20Improving
80% conf
Latest annual report (10-K) filed Feb 18, 2026. Latest quarterly report (10-Q) filed Apr 29, 2026. 25 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 18, 2026.
- Latest quarterly report (10-Q) filed Apr 29, 2026.
- 25 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference American Water Works; broad institutional reporting.
- Recent filers include THURSTON, SPRINGER, MILLER, HERD & TITAK, INC., BANKERS TRUST CO /IA/, Copeland Capital Management, LLC.
- 20 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 18, 2026
Annual report
Latest 10-Q
Apr 29, 2026
8-K (recent)
25
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. | 13F-HR | May 14, 2024 |
| BANKERS TRUST CO /IA/ | 13F-HR | Apr 26, 2013 |
| Copeland Capital Management, LLC | 13F-HR | Apr 29, 2020 |
| Copeland Capital Management, LLC | 13F-HR | Jul 30, 2020 |
| SYCOMORE ASSET MANAGEMENT | 13F-HR | Feb 12, 2026 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jul 1, 2026 | 8-K | FORM 8-K - MISSOURI-AMERICAN WATER GENERAL RATE CASE FILING |
| Jun 9, 2026 | 8-K | FORM 8-K - CAWC AND VAWC GRC SETTLEMENT FILINGS |
| Jun 1, 2026 | 8-K | FORM 8-K - CLOSING OF NEXUS WATER SYSTEMS ACQUISITION |
| May 20, 2026 | 8-K | 8-K |
| May 15, 2026 | 8-K | FORM 8-K - 2026 ANNUAL MEETING OF SHAREHOLDERS AND KYAW GENERAL RATE CASE FILING |
| Apr 29, 2026 | 8-K | 8-K |
| Apr 1, 2026 | 8-K | 8-K |
| Mar 10, 2026 | 8-K | FORM 8-K - WEST VIRGINIA-AMERICAN WATER RATE CASE ORDER |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -65Deteriorating
62% conf
5 risk signal(s), 1 positive signal(s) detected from XBRL filing diff analysis. Revenue grew +7.0% but receivables grew +22.7% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Receivables outpacing revenue: Accounts receivable grew +22.7% YoY vs revenue growth of +7.0%. The +15.7% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Going concern doubt: The term "going concern" appears in 8 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Material weakness in internal controls: The term "material weakness" appears in 24 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 5 filing(s).
- Restatement of financial statements: The term "restate" "financial statements" appears in 2 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 1.99x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Endogenous analysis: Revenue grew +7.0% but receivables grew +22.7% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- 2 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 1 new risk-language term(s) detected in filing text: Substantial doubt about ability to continue.
- Ongoing high-severity risk language: Going concern doubt, Material weakness in internal controls, Restatement of financial statements.
Revenue
$2.85B
+7.0% YoY
Operating income
$1.50B
+18.1% YoY
Net income
$944.0M
+15.1% YoY
Operating cash flow
$1.87B
+69.1% YoY
Capex
$2.58B
+12.1% YoY
Total assets
$30.30B
+9.0% YoY
Long-term debt
$8.66B
+13.4% YoY
Cash & equivalents
$96.0M
-70.9% YoY
Filing quality score
74/100
2 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $2.67B | $2.85B | $187.7M | +7.0% |
| Operating income | $1.27B | $1.50B | $231.0M | +18.1% |
| Net income | $820.0M | $944.0M | $124.0M | +15.1% |
| Operating cash flow | $1.11B | $1.87B | $766.0M | +69.1% |
| Capex | $2.30B | $2.58B | $278.0M | +12.1% |
| Total assets | $27.79B | $30.30B | $2.51B | +9.0% |
| Long-term debt | $7.64B | $8.66B | $1.03B | +13.4% |
| Cash & equivalents | $330.0M | $96.0M | $-234.0M | -70.9% |
| Stockholders equity | $7.30B | $7.69B | $395.0M | +5.4% |
| Accounts receivable | $339.0M | $416.0M | $77.0M | +22.7% |
| Interest expense | $312.4M | $310.8M | $-1.6M | -0.5% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | ProceedsFromCollectionOfNotesReceivable, UnrecognizedTaxBenefitsPeriodIncreaseDecrease |
| Removed | AllocatedShareBasedCompensationExpense, AllocatedShareBasedCompensationExpenseNetOfTax, AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount, CommonStockDividendsPerShareDeclared, ContractWithCustomerAssetReclassifiedToReceivable, CurrentFederalStateAndLocalTaxExpenseBenefit, CurrentFederalTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DebtAndCapitalLeaseObligations, DebtInstrumentCarryingAmount |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 8 | 1 | Ongoing |
| Material weakness in internal controls | high | 24 | 2 | Ongoing |
| Substantial doubt about ability to continue | high | 5 | 0 | NEW |
| Restatement of financial statements | high | 2 | 2 | Ongoing |
| Impairment charge | medium | 43 | 2 | Ongoing |
| Restructuring | medium | 32 | 8 | Ongoing |
| Off-balance sheet arrangements | medium | 3 | 1 | Ongoing |
| Related party transactions | low | 8 | 1 | Ongoing |
Filing signal breakdown
Red flags: 5
Positive: 1
Watch: 0
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $26.73B at $136.86 per share.
- ProPrice & TechnicalsPrice $136.86 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Elevated.
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3 sections free · 4 Pro sections locked · composite -9
Macro exposure
Rate-sensitive · High sensitivityMacro regime: Risk-on · Supportive. American Water Works is a rate-sensitive name (high macro sensitivity) — a supportive backdrop, though defensives lag risk-on tapes.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewPrice $136.86 — uptrend (above 200-DMA); 1-month momentum positive..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Neutral
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Rate-sensitive groupHow AWK stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Capital One Financial COF | 23 | Neutral |
| Chubb Ltd. CB | 23 | Neutral |
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| JPMorgan Chase & Co. JPM | 16 | Neutral |
| Prologis Inc. PLD | 14 | Neutral |
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| Mastercard Inc. MA | 8 | Neutral |
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| Charles Schwab Corp. SCHW | 6 | Neutral |
| CME Group Inc. CME | 6 | Neutral |
| PNC Financial Services PNC | 4 | Neutral |
| Realty Income Corp. O | 4 | Neutral |
| Travelers Cos. TRV | 2 | Neutral |
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| Equity Residential EQR | 0 | Neutral |
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| NextEra Energy NEE | -4 | Neutral |
| Xcel Energy XEL | -5 | Neutral |
| American International Group AIG | -5 | Neutral |
| Truist Financial TFC | -5 | Neutral |
| Digital Realty Trust DLR | -6 | Neutral |
| Allstate Corp. ALL | -7 | Neutral |
| S&P Global SPGI | -8 | Neutral |
| American Water Works AWK● you | -9 | Neutral |
| Goldman Sachs Group GS | -10 | Neutral |
| Citigroup Inc. C | -11 | Neutral |
| Moody's Corp. MCO | -13 | Neutral |
| Morgan Stanley MS | -13 | Neutral |
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| Southern Company SO | -15 | Neutral |
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