American Water Works income statement
In fiscal 2025, American Water Works reported revenue of $5.14bn, up 9.7% on the year before, operating income of $1.88bn (a 36.6% margin) and net income of $1.11bn, or $5.69 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,290 | 2,555 | 2,666 | 2,854 | 2,879 | 3,011 | 3,159 | 3,302 | 3,357 | 3,440 | 3,610 | 3,777 | 3,930 | 3,792 | 4,234 | 4,684 | 5,140 | 5,343 |
| Operating income | 184 | 728 | 803 | 924 | 948 | 1,003 | 1,075 | 1,085 | 1,253 | 1,102 | 1,214 | 1,248 | 1,196 | 1,273 | 1,504 | 1,718 | 1,879 | 1,979 |
| Interest expense | 297 | 314 | 312 | 311 | 308 | 298 | — | — | — | — | — | — | — | 433 | 460 | 523 | 615 | 659 |
| Income before tax | −106 | 429 | 504 | 630 | 608 | 710 | 782 | 770 | 912 | 787 | 833 | 924 | 1,640 | 1,008 | 1,196 | 1,359 | 1,422 | 1,445 |
| Income tax | 114 | 174 | 199 | 257 | 237 | 280 | 306 | 302 | 486 | 222 | 212 | 215 | 377 | 188 | 252 | 308 | 311 | 309 |
| Net income | −233 | 268 | 310 | 358 | 369 | 423 | 476 | 468 | 426 | 567 | 621 | 709 | 1,263 | 820 | 944 | 1,051 | 1,111 | 1,136 |
| Diluted EPS | −$1.39 | $1.53 | $1.75 | $2.01 | $2.06 | $2.35 | $2.64 | $2.62 | $2.38 | $3.15 | $3.43 | $3.91 | $6.95 | $4.51 | $4.90 | $5.39 | $5.69 | $5.79 |
| Diluted shares (average) | 168m | 175m | 177m | 178m | 179m | 180m | 180m | 179m | 179m | 180m | 181m | 182m | 182m | 182m | 193m | 195m | 195m | 196m |
| EBITDA | 494 | 1,058 | 1,155 | 1,306 | 1,355 | 1,427 | 1,515 | 1,555 | 1,745 | 1,647 | 1,796 | 1,852 | 1,832 | 1,922 | 2,208 | 2,506 | 2,773 | 2,932 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,201 | 1,142 | 1,276 | 1,451 | 1,271 | 1,207 | 1,355 | 1,510 |
| Operating income | 400 | 371 | 489 | 614 | 405 | 391 | 542 | 641 |
| Interest expense | 136 | 144 | 151 | 158 | 162 | 163 | 167 | 167 |
| Income before tax | 303 | 270 | 376 | 494 | 282 | 259 | 405 | 499 |
| Income tax | 64 | 65 | 87 | 115 | 44 | 63 | 90 | 112 |
| Net income | 239 | 205 | 289 | 379 | 238 | 196 | 315 | 387 |
| Diluted EPS | $1.22 | $1.05 | $1.48 | $1.94 | $1.22 | $1.00 | $1.61 | $1.94 |
| EBITDA | 607 | 587 | 710 | 840 | 636 | 628 | 782 | 886 |
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