American Water Works Company, Inc. (AWK) Financial Statements

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American Water Works financial statements at a glance

American Water Works reported revenue of $5.14 billion for fiscal year 2025 (ended December 31, 2025), up 9.7% from fiscal year 2024. Net income was $1.11 billion, a net margin of 21.6%, and diluted earnings per share were $5.69.

At the end of fiscal year 2025 it had total assets of $35.44 billion, total liabilities of $24.61 billion and shareholders' equity of $10.84 billion, with cash and short-term investments of $98.00 million and total debt of $15.92 billion.

Its operations brought in $2.06 billion of cash; capital spending was $3.30 billion, leaving free cash flow of -$1.24 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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American Water Works Company, Inc.

AWKUnited States
Utilities
USD (Local)

Income Statement

Annual • USD

Total Revenue
5.14B
Prev Year: 4.68B
YoY: +9.7%
Operating Revenue
5.14B
Prev Year: 4.68B
YoY: +9.7%
Net Income from Continuing Operation Net Minority Interest
1.11B
Prev Year: 1.05B
YoY: +5.7%
Normalized EBITDA
2.93B
Prev Year: 2.67B
YoY: +9.8%
Total Unusual Items Excluding Goodwill
-
Tax Rate for Calcs
0.219
Prev Year: 0
Total Unusual Items
-
Other Non-operating Income (expense)
68.00M
Prev Year: 70.00M
YoY: -2.9%
Cost of Revenue
2.02B
Prev Year: 1.86B
YoY: +8.7%
Gross Profit
3.12B
Prev Year: 2.83B
YoY: +10.4%
Operating Expense
1.24B
Prev Year: 1.11B
YoY: +12.1%
Depreciation Amortization Depletion
894.00M
Prev Year: 788.00M
YoY: +13.5%
Depreciation and amortization
894.00M
Prev Year: 788.00M
YoY: +13.5%
Other Taxes
348.00M
Prev Year: 320.00M
YoY: +8.8%
Operating Income
1.88B
Prev Year: 1.72B
YoY: +9.4%
Net Non Operating Interest Income Expense
-525.00M
Prev Year: -429.00M
YoY: -22.4%
Non-operating Interest Income
90.00M
Prev Year: 94.00M
YoY: -4.3%
Non-operating Interest Expense
615.00M
Prev Year: 523.00M
YoY: +17.6%
Other Income Expense
68.00M
Prev Year: 70.00M
YoY: -2.9%
Pre-tax Income
1.42B
Prev Year: 1.36B
YoY: +4.6%
Provision for Income Taxes
311.00M
Prev Year: 308.00M
YoY: +1.0%
Net Income Common Stockholders
1.11B
Prev Year: 1.05B
YoY: +5.7%
Net Income
1.11B
Prev Year: 1.05B
YoY: +5.7%
Net Income Including Non-Controlling Interests
1.11B
Prev Year: 1.05B
YoY: +5.7%
Net Income from Continuing Operations
1.11B
Prev Year: 1.05B
YoY: +5.7%
Diluted NI Available to Com Stockholders
1.11B
Prev Year: 1.05B
YoY: +5.7%
Basic EPS
5.69
Prev Year: 5.39
YoY: +5.6%
Diluted EPS
5.69
Prev Year: 5.39
YoY: +5.6%
Weighted Average Shares (basic)
195.00M
Prev Year: 195.00M
YoY: 0.0%
Weighted Average Shares (diluted)
195.00M
Prev Year: 195.00M
YoY: 0.0%
Total Operating Income as Reported
1.88B
Prev Year: 1.72B
YoY: +9.4%
Total Expenses
3.26B
Prev Year: 2.97B
YoY: +9.9%
Interest Income
90.00M
Prev Year: 94.00M
YoY: -4.3%
Interest Expense
615.00M
Prev Year: 523.00M
YoY: +17.6%
Net Interest Income
-525.00M
Prev Year: -429.00M
YoY: -22.4%
Net Income from Continuing and Discontinued Operation
1.11B
Prev Year: 1.05B
YoY: +5.7%
Normalized Income
1.11B
Prev Year: 1.05B
YoY: +5.7%
EBIT
2.04B
Prev Year: 1.88B
YoY: +8.2%
EBITDA
2.93B
Prev Year: 2.67B
YoY: +9.8%
Reconciled Cost of Revenue
2.02B
Prev Year: 1.86B
YoY: +8.7%
Reconciled Depreciation
894.00M
Prev Year: 788.00M
YoY: +13.5%
Values in USD

American Water Works key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$5.1B$4.7B$4.2B$3.8B$3.9B
Gross profit$3.1B$2.8B$2.5B$2.2B$2.2B
Operating income$1.9B$1.7B$1.5B$1.3B$1.2B
Net income$1.1B$1.1B$944.0M$820.0M$1.3B
Diluted EPS$5.69$5.39$4.90$4.51$6.95
Total assets$35.4B$32.8B$30.3B$27.8B$26.1B
Total liabilities$24.6B$22.5B$20.5B$20.1B$18.8B
Shareholders' equity$10.8B$10.3B$9.8B$7.7B$7.3B
Cash and short-term investments$98.0M$96.0M$330.0M$85.0M$116.0M
Total debt$15.9B$14.1B$12.4B$12.5B$11.1B
Operating cash flow$2.1B$2.0B$1.9B$1.1B$1.4B
Capital spending$3.3B$3.0B$2.7B$2.4B$1.9B
Free cash flow-$1.2B-$963.0M-$860.0M-$1.3B-$432.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was American Water Works's revenue in fiscal year 2025?

$5.14 billion, up 9.7% from $4.68 billion in fiscal year 2024.

How much profit does American Water Works make?

American Water Works reported net income of $1.11 billion for fiscal year 2025 (21.6% of revenue); operating income was $1.88 billion.

How much cash and debt does American Water Works have?

At the end of fiscal year 2025: cash and short-term investments of $98.00 million and total debt of $15.92 billion.

What is American Water Works's free cash flow?

-$1.24 billion in fiscal year 2025 (operating cash flow of $2.06 billion minus capital spending of $3.30 billion).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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