American Water Works: revenue, profit and dividends

In fiscal 2025, American Water Works had revenue of $5.12B, up 4.9% a year on average since 2015, and net income of $1.11B (21.7% of revenue). Its dividend per share has gone up 13 years in a row, to $3.31. It has 8% more shares than in 2015.

Revenue, fiscal 2025

$5.12B+4.9% a year

average annual revenue growth since 2015 · +10.1% vs 2024

Net income, 2025

$1.11B

21.7% of revenue

Diluted EPS, 2025

$5.69

8.0% a year since 2015

Dividend per share, 2025

$3.31

raised 13 years in a row

Revenue growth, 5 years

6.5% a year

since 2020

Shares, 2025

195M

+8.3% since 2015

Free cash flow, 2025

−$1.07B

$2.06B from operations − $3.13B capex

Ticker: AWK · NYSE
Sector: Utilities
Sub-industry: Water Utilities
Headquarters: Camden, New Jersey
Founded: 1886
In the S&P 500 since: March 4, 2016
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: American Water Works Company, Inc. · CIK 0001410636

Revenue and net income

Revenue went from $2.34B in 2008 to $5.12B in 2025. Net loss in 2008–2009.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from −$3.52 in 2008 to $5.69 in 2025. Ten-year growth: 8.0% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 13 years in a row, every year from 2013 to 2025. Ten-year growth: 9.3% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

8.3% more shares in 2025 than in 2015 (180M → 195M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was −$1.07B in 2025, −20.8% of revenue. Negative in 2008–2009, 2011, 2013, 2016, 2018–2025.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2025	$5.12B	$1.11B	21.7%	$5.69	$3.31	195M	$2.06B	$3.13B	−$1.07B
2024	$4.65B	$1.05B	22.6%	$5.39	$3.06	195M	$2.04B	$2.86B	−$811M
2023	$4.22B	$944M	22.4%	$4.90	$2.83	193M	$1.87B	$2.58B	−$701M
2022	$3.76B	$820M	21.8%	$4.51	$2.62	182M	$1.11B	$2.3B	−$1.19B
2021	$3.91B	$1.26B	32.3%	$6.95	$2.41	182M	$1.44B	$1.76B	−$323M
2020	$3.74B	$709M	18.9%	$3.91	$2.20	182M	$1.43B	$1.82B	−$396M
2019	$3.59B	$621M	17.3%	$3.43	$2.00	181M	$1.38B	$1.65B	−$271M
2018	$3.42B	$567M	16.6%	$3.15	$1.82	180M	$1.39B	$1.59B	−$200M
2017	$3.36B	$426M	12.7%	$2.38	$1.66	179M	$1.45B	$1.43B	$15M
2016	$3.3B	$468M	14.2%	$2.62	$1.50	179M	$1.29B	$1.31B	−$22M
2015	$3.16B	$476M	15.1%	$2.64	$1.36	180M	$1.2B	$1.16B	$35M
2014	$3.01B	$423M	14.0%	$2.35	$1.24	180M	$1.1B	$956M	$141M
2013	$2.88B	$369M	12.8%	$2.06	$1.12	179M	$896M	$980M	−$84.3M
2012	$2.85B	$358M	12.5%	$2.01	$0.98	178M	$956M	$929M	$27M
2011	$2.67B	$310M	11.6%	$1.75	$1.13	177M	$808M	$925M	−$117M
2010	$2.56B	$268M	10.5%	$1.53	$0.86	175M	$775M	$766M	$9.3M
2009	$2.29B	−$233M	−10.2%	−$1.39	$0.82	168M	$596M	$785M	−$189M
2008	$2.34B	−$562M	−24.1%	−$3.52	$0.40	160M	$552M	$1.01B	−$457M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.

Other Water Utilities companies

No other S&P 500 company is in this sub-industry.

All 31 Utilities companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.