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American Water Works Company (AWK) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · American Water Works Company (AWK) Q3 2026 earnings results →
Q3 2026 Revenue up 4% year over year to $1.5B · 26¢ of every $1 of revenue kept as net profit · operating margin 42.5%
American Water Works Company made $1.5B in Q3 2026 (+4% Y/Y). Operating margin 42.5%, net earnings $387M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.5B in Q3 2026, up 4% year over year and up 11% from the previous quarter.
Operating profit was $0.64B, a 42.5% margin (up 0.2 points year over year). Of the extra revenue versus Q3 2025, 48% reached operating profit, above the 42% margin then. Total costs grew 3% against revenue growth of 4%. Net earnings were $0.39B, up 2% year over year. The effective tax rate was 22.4%.
Operating cash flow was $0.73B (down 5% year over year), 188% of net earnings. Non-cash charges added back $0.24B of depreciation and amortization. Working capital and other items added $0.10B. Capital expenditures of $0.89B exceeded it, leaving free cash flow of −$0.16B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 28, 2026 | $1.5B | +4% | 42.5% | $387M | $728M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $1.4B | +6% | 40.0% | $315M | $602M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $1.2B | +6% | 32.4% | $196M | $305M |
| Q4 2025 | 10-K | Feb 18, 2026 | $1.3B | +6% | 31.9% | $238M | $663M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $1.5B | +10% | 42.2% | $379M | $764M |
| Q2 2025 | 10-Q | Jul 30, 2025 | $1.3B | +11% | 38.3% | $289M | $301M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $1.1B | +13% | 32.5% | $205M | $331M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About American Water Works Company
With a history dating back to 1886, American Water is the largest and most geographically diverse, publicly-traded water and wastewater utility company in the United States, as measured by both operating revenues and population served. A holding company originally incorporated in Delaware in 1936, the Company employs approximately 7,000 professionals who provide drinking water, wastewater and other related services to approximately 14 million people in 24 states. The Company conducts the majority of its business through regulated utilities that provide water and wastewater services, collectively presented as one reportable segment, referred to as the “Regulated Businesses.” The Company also operates other businesses that provide water and wastewater services to the U.S. government on military installations, as well as municipalities.
In its own words, from its 10-K, filed Feb 18, 2026.
American Water Works Company against its Water Supply peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +5%. Operating margin: 42.5% against the peers' median 35.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AWK American Water Works Company | Q3 2026 | $1.5B | +4% | 42.5% |
| WTRG Essential Utilities | Q3 2026 | $508M | +7% | 37.9% |
| CWT California Water Service | Q3 2026 | $331M | +5% | 25.0% |
| HTO H2O America | Q3 2026 | $250M | +4% | 24.2% |
| AWR American States Water | Q3 2026 | $193M | +5% | 35.0% |
| MSEX Middlesex Water | Q3 2026 | $60.2M | +11% | 37.0% |
| CWCO Consolidated Water | Q2 2026 | $32.9M | -2% | 11.4% |
| ARTNA Artesian Resources | Q2 2026 | $30.7M | +7% | 28.1% |
| YORW York Water | Q3 2026 | $24.3M | +20% | 43.3% |
Source: American Water Works Company 10-Q on SEC EDGAR · CIK 1410636 · Water Supply
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results