AWK
American Water Works Company, Inc.
AWK's fundamentals are mixed: revenue grew 5.1%, but free cash flow was negative. At 26x earnings, it's trading in line with its usual 27x. Analysts expect earnings growth.
AWK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Weak | |
| Weak |
AWK's profitability is currently strong, and its revenue is stable, but its cash flow and balance sheet are weak.
AWK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 23x | $131 | -11% |
| Forward | 23x | $148 | — |
| Current | 26x | $148 | — |
| Fair | 27x | $155 | +5.1% |
| Expensive | 40x | $231 | +56% |
Historical ranges are pointers, not guarantees.
AWK's PE is in its fair range at 26x. If earnings grow as analysts expect, today's price would be 23x next year's earnings, in its cheap range.
AWK Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for AWK, with profitability holding steady.
AWK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.28 | +8.9% |
| Q3 2026 | $5.77 | +1.4% |
| Q2 2026 | $5.77 | +4% |
| Q1 2026 | $5.64 | +2.7% |
| Q4 2025 | $5.69 | +5.6% |
| Q3 2025 | $5.69 | +13% |
| Q2 2025 | $5.55 | +13% |
| Q1 2025 | $5.49 | +11% |
| Q4 2024 | $5.39 | +10% |
AWK's earnings per share have climbed steadily: $5.77 over the past year, up 1.4% from the year before, and higher year over year for 12 quarters in a row.
AWK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +3.3% |
| Q2 2026 | $1.4B | +6.1% |
| Q1 2026 | $1.2B | +6.1% |
| Q4 2025 | $1.3B | +5.4% |
| Q3 2025 | $1.5B | +9.5% |
| Q2 2025 | $1.3B | +12% |
| Q1 2025 | $1.1B | +13% |
| Q4 2024 | $1.2B | +16% |
AWK's revenue has grown year over year for 15 quarters in a row: $1.5B last quarter, up 3.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 43% | +0.5 points |
| Q2 2026 | 40% | +1.7 points |
| Q1 2026 | 33% | -0.2 points |
| Q4 2025 | 32% | -1.3 points |
| Q3 2025 | 42% | +1.3 points |
| Q2 2025 | 38% | -1 points |
| Q1 2025 | 33% | +0.2 points |
| Q4 2024 | 33% | +4.3 points |
AWK's operating margin was 43% last quarter, about level with the same quarter a year ago, near the top of its range since 2019.
AWK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$160M | -$127M |
| Q2 2026 | -$258M | +$174M |
| Q1 2026 | -$354M | -$137M |
| Q4 2025 | -$385M | -$130M |
| Q3 2025 | -$33M | -$29M |
| Q2 2025 | -$432M | -$107M |
| Q1 2025 | -$217M | +$10M |
| Q4 2024 | -$255M | +$14M |
AWK has burned cash in almost every quarter: −$1.2B over the past year, against −$937M the year before.
AWK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +3M shares |
| 1 year | +2.1% | +4M shares |
| 3 years | +2.1% | +4M shares |
| 5 years | +9.3% | +17M shares |
| Available history | +9.9% | +18M shares |
AWK has 199M diluted shares, up 2.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
AWK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.5x | High |
| Q2 2026 | 5.5x | High |
| Q1 2026 | 5.5x | High |
| Q4 2025 | 5.7x | High |
| Q3 2025 | 5.5x | High |
| Q2 2025 | 5.6x | High |
| Q1 2025 | 5.6x | High |
| Q4 2024 | 5.6x | High |
AWK's net debt is about 5.5 years of its operating earnings (EBITDA), about the same as a year ago.
AWK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.5 | Neutral |
| Stochastic | 84.7 | Overbought |
AWK's weekly RSI is 64 (neutral) and its Stochastic is 85 (overbought).
AWK PE vs Utilities Sector
| Metric | AWK | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 20x | 25% above |
| PE % | 39 | 44 | 5 pts below |
AWK is trading at 26x earnings, a 25% premium to the Utilities sector's median of 20x.
AWK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $138.8 | 6.4% above |
| 20 week MA | $137.1 | 7.7% above |
| 50 week MA | $133.2 | 11% above |
| 100 week MA | $135.6 | 8.9% above |
| 200 week MA | $135.7 | 8.8% above |
AWK has climbed back above all five of its weekly moving averages, and it's now 8.8% above its 200-week average.
AWK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $123.0 | $149.1 | +21% |
| 2021 | $149.1 | $182.1 | +22% |
| 2022 | $182.1 | $153.0 | -16% |
| 2023 | $153.0 | $132.0 | -14% |
| 2024 | $132.0 | $125.3 | -5.1% |
| 2025 | $125.3 | $130.6 | +4.2% |
| 2026 YTD | $130.6 | $147.6 | +13% |
AWK has finished lower in three of the last six years. It's up 13% so far in 2026.